First Horizon Corporation · FHN · FY2025 Q4 · Calendar Q1 2026
First Horizon posts strong Q4 as growth priorities stay intact
The supplied analysis supports a constructive but conditional view: strong Q4 profitability, maintained 2026 growth guidance, and identified PPNR initiatives support the operating outlook, while deposit costs, credit demand, expenses, capital requirements, and M&A execution remain important constraints.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
The current analysis adds a stronger Q4 operating result, including $0.52 EPS, 3.512% net interest margin, and $1.1 billion of loan growth. It also identifies a new $1.2 billion share-repurchase program, roughly $1 billion of authorization remaining, and an explicit $100 million incremental PPNR target; guidance was maintained.
Guidance delta
Management maintained its outlook: 2026 revenue growth of 3–7%, mid-single-digit loan growth, and a flat expense outlook.
Key takeaways
- EPS was $0.52 and net interest margin was 3.512% in the quarter.
- Management highlighted mid-single-digit loan growth and a $100 million incremental PPNR opportunity across 2026–27.
- The 2026 plan emphasizes treasury management, wealth management, equipment finance, and continued capital returns.
- Key watch items include deposit costs, commercial real estate demand, expenses, and regulatory timing for M&A.
Management priorities
- Expand treasury management and wealth management platforms.
- Open new branches and add client-facing staff.
- Pursue the $100 million incremental PPNR target across 2026–27.
- Continue share buybacks while moving CET1 toward the 10–10.5% longer-term range.
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Try FN2 freeCompany context
Snapshot as of publicationFirst Horizon Corporation functions as the parent company of First Horizon Bank, offering a diverse range of financial services. Its operations are segmented into three core divisions: Regional Banking, Specialty Banking, and Corporate. The company provides standard banking services to consumers, businesses, financial institutions, and governmental bodies. Beyond core banking, it also underwrites eligible securities, such as fixed-income instruments, via its financial subsidiaries; engages in the sale of loans and derivatives; and provides advisory services.…
Historical context
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-16T00:30:46.741655+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-16T00:30:46.738771+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-16. For educational purposes only; not investment advice.