Core Insights - First Horizon National (FHN) reported a revenue of $888 million for the quarter ended December 2025, reflecting a year-over-year increase of 21.8% and surpassing the Zacks Consensus Estimate by 2.99% [1] - The earnings per share (EPS) for the quarter was $0.52, an increase from $0.43 in the same quarter last year, although it did not meet the consensus EPS estimate of $0.47 [1] Financial Performance Metrics - Net Interest Margin (FTE) was reported at 3.5%, exceeding the average estimate of 3.4% from four analysts [4] - The Efficiency Ratio stood at 61.3%, higher than the average estimate of 59.7% based on four analysts [4] - The Net Charge-Off Ratio was 0.2%, matching the average estimate from three analysts [4] - Average Balance of Total Interest Earning Assets was $77.03 billion, above the estimated $76.16 billion from two analysts [4] - Total Nonperforming Loans and Leases were reported at $604 million, lower than the estimated $622.63 million from two analysts [4] - Total Non-Interest Income was $212 million, slightly above the average estimate of $209.29 million from four analysts [4] - Net Interest Income (FTE) was $679 million, exceeding the estimate of $659.03 million from three analysts [4] - Net Interest Income was reported at $676 million, compared to the average estimate of $654.83 million from three analysts [4] Stock Performance - Shares of First Horizon have returned +0.8% over the past month, while the Zacks S&P 500 composite increased by +1.6% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Financial Data and Key Metrics Changes - The company reported earnings per share of $0.52 for Q4 2025, with a net interest margin of 3.51% and 2% loan growth [6][8] - Pre-provision net revenue and return on tangible common equity reached 15% in the second half of 2025, with net interest income growth of approximately $2 million [4][6] - The average interest-bearing cost of deposits decreased by 25 basis points to 2.53% [6][7] Business Line Data and Key Metrics Changes - Loans to mortgage companies increased by $776 million quarter over quarter, contributing significantly to loan growth [8][9] - The commercial and industrial (C&I) portfolio saw a period-end balance increase of $727 million, indicating strong origination volume [9] - Fee income increased by $3 million from the prior quarter, driven by elevated activity in equipment finance lease businesses [9] Market Data and Key Metrics Changes - The average rate paid on interest-bearing deposits decreased from 2.78% in Q3 to 2.53% in Q4 [7] - The company maintained a cumulative deposit beta of 64% since rates began to fall in September 2024 [7] - The interest-bearing spot rate at the end of the quarter was 2.34% [7] Company Strategy and Development Direction - The company aims to continue returning capital to shareholders while investing in growth opportunities, with a focus on improving profitability and earnings growth in 2026 [5][12] - The strategic plan emphasizes differentiating in the marketplace and building long-lasting client relationships [15][16] - The company is focused on expense discipline and efficiency while investing in technology and tools to enhance associate effectiveness [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about loan growth and profitability, citing positive signs in current pipelines, especially in commercial lending [15][16] - The company expects year-over-year PPNR growth with mid-single-digit balance sheet growth and positive operating leverage [12][15] - Management highlighted the importance of managing capital and credit to maximize returns for shareholders [13][17] Other Important Information - The company returned just under $900 million in capital through stock repurchases and over $300 million in dividends in 2025 [4] - A new repurchase program of $1.2 billion was announced at the end of October, with nearly $1 billion of authorization remaining [11] Q&A Session Summary Question: Revenue outlook and key drivers - Management indicated that the revenue outlook of 3% to 7% growth is based on the current forward curve, with loan growth being a significant factor [19][20] Question: Expense growth normalization - Management expects expenses to grow in line with inflation, with a base case of 2.5%-3% growth, excluding past heavy tech investments [21][22] Question: Loan growth expectations across products - Management anticipates mid-single-digit loan growth, with positive momentum in C&I and mortgage warehouse lending [25][26] Question: Capital return strategy - Management confirmed a commitment to returning capital while focusing on organic growth opportunities, with a long-term target CET1 ratio of 10%-10.5% [52][53] Question: Commercial real estate expectations - Management expects an inflection in the CRE business due to increased construction starts and a healthy build in the CRE pipeline [70][71]

Financial Performance - Net income available to common shareholders (NIAC) for 2025 was $956 million, a 29% increase compared to $738 million in 2024[7] - Diluted EPS for 2025 was $187, a 38% increase compared to $136 in 2024[7] - Adjusted EPS for 2025 was $189, up 22% from 2024[11] - Adjusted pre-tax income increased by 14% from 2024 to $13 billion[13] - The company deployed over $12 billion of excess capital, including $894 million in stock buybacks and $307 million in dividends[13] Balance Sheet and Capital - Period-end loans reached $642 billion, a 3% increase compared to $626 billion at the end of 2024[7] - Period-end deposits reached $675 billion, a 3% increase compared to $656 billion at the end of 2024[7] - Tangible book value per share (TBVPS) increased by 11% to $1420 from $1285 in 2024[7] - CET1 ratio was 1064%[11] Asset Quality - Net charge-offs (NCO) were 019% of total loans[11]

Financial Performance - Full year 2025 net income available to common shareholders (NIAC) increased 29% to $956 million, or $1.87 EPS, compared to $738 million, or $1.36 EPS in 2024[1] - Fourth quarter 2025 NIAC was $257 million, or $0.52 EPS, a 1% increase from $254 million, or $0.50 EPS in the third quarter 2025[3] - Adjusted net income rose by 13% to $1,008 million compared to $891 million in the previous year[15] - Earnings per share (EPS) increased by 38% to $1.87 from $1.36[15] - Net income attributable to common shareholders increased by 29% to $956 million from $738 million[15] - The company returned $894 million of capital to shareholders in 2025 through share repurchases at an average price of $21.16 per share[13] - The company achieved a net income of $266 million in Q4 2025, representing a 57% increase year-over-year[38] - Earnings per share (EPS) for Q4 2025 was $0.52, a 73% increase compared to $0.30 in Q4 2024[38] Revenue and Income - Total revenue for 2025 was $3.42 billion, a 7% increase from $3.19 billion in 2024[38] - Noninterest income for 2025 was $797 million, an increase of $118 million, driven by fixed income revenue growth of $18 million and mortgage banking revenue improvement of $8 million[8] - Total revenue (FTE) for Q4 2025 was $892 million, an 8% increase from Q4 2024, with total revenue for 2025 reaching $3,434 million, up 4% from 2024[41] - Adjusted total noninterest income in Q4 2025 was $212 million, a 12% increase year-over-year, with total noninterest income for 2025 reaching $797 million, up 3% from 2024[41] Interest Income and Expenses - Net interest income (FTE) for 2025 was $2.6 billion, up $110 million, or 4%, with a net interest margin improvement to 3.47%, an increase of 12 basis points from the prior year[7] - Interest income decreased to $4,200 million from $4,367 million, a decline of 4%[15] - Interest expense for Q4 2025 was $375 million, a decrease of 7% compared to Q4 2024[55] - The cost of total deposits was 1.92% in Q4 2025, down 19 basis points from Q3 2025[55] Asset and Loan Growth - Average loan and lease balances increased by $0.6 billion to $62.6 billion, with period-end loans and leases at $64.2 billion, up $1.6 billion from the previous year[10] - Total assets increased by $684 million (1%) from Q3 2025 to $83,876 million, and by $1,725 million (2%) compared to Q4 2024[51] - Loans and leases, net of unearned income rose by $1,098 million (2%) quarter-over-quarter, reaching $64,156 million, and increased by $1,590 million (3%) year-over-year[51] - Average loans grew by 1% to $62.6 billion from $62.0 billion[15] Credit Quality and Losses - Provision for credit losses expense decreased to $65 million from $150 million in 2024, with net charge-offs consistent year-over-year at $120 million[12] - Net charge-offs increased to $120 million from $112 million, a rise of 7%[15] - The allowance for loan and lease losses decreased to $738 million in 4Q25, down 5% from $777 million in 3Q25 and down 9% from $815 million in 4Q24[62] - Total nonperforming loans and leases amounted to $604 million, showing no significant change from the previous quarter[57] Efficiency and Ratios - Efficiency ratio improved to 60.66% from 62.06%, a decrease of 140 basis points[15] - The CET1 ratio at year-end 2025 was 10.64%, down from 11.20% at the end of 2024, with total capital ratio at 13.4%[13] - The effective tax rate for 2025 was 22.1%, compared to 21.0% in 2024[14] - The adjusted efficiency ratio for Q4 2025 was 60.7%, slightly improved from 61.4% in Q4 2024[41] Segment Performance - Net income for the Wholesale segment was $35 million in 4Q25, down 10% from $39 million in 3Q25, but up 59% from $22 million in 4Q24[69] - The Corporate segment reported a net loss of $73 million in 4Q25, an improvement of 14% from a loss of $85 million in 3Q25[73] - Total revenue for the Wholesale segment reached $135 million in 4Q25, a slight increase of 1% compared to $134 million in 3Q25 and a 23% increase from $111 million in 4Q24[69] Deposits and Funding - Average deposits remained flat at $65.4 billion, while period-end deposits increased by 3% to $67.5 billion compared to year-end 2024[11] - Total deposits grew by $1,952 million (3%) from Q3 2025 to $67,477 million, and increased by $1,896 million (3%) compared to Q4 2024[51] - Noninterest-bearing deposits decreased by $200 million (1%) from Q3 2025 to $15,823 million, and by $198 million (1%) year-over-year[51]

Core Insights - First Horizon Corporation reported a 1% increase in net income available to common shareholders for Q4 2025, totaling $257 million, with an earnings per share (EPS) of $0.52, and an adjusted basis EPS of $0.52, reflecting a 2% increase from Q3 2025 results [1][3] - For the full year 2025, the company achieved a net income of $956 million, resulting in an EPS of $1.87, which represents a 38% increase compared to the EPS of $1.36 in 2024 [1][2] Financial Performance - The fourth quarter net income available to common shareholders was $257 million, up from $254 million in Q3 2025, with EPS increasing from $0.50 to $0.52 [3] - Notable items in Q4 2025 resulted in a net after-tax reduction of $2 million, compared to a $9 million reduction in Q3 2025 [3] - Adjusted fourth quarter 2025 net income was $259 million, slightly down from $263 million in Q3 2025, with adjusted EPS remaining stable at $0.52 [3] Strategic Focus - The company aims to deepen client relationships, maximize revenue opportunities, and enhance products and capabilities as it enters 2026 [2][3] - The CEO emphasized the importance of disciplined risk management and a resilient balance sheet to support sustainable growth [3] Company Overview - First Horizon Corporation, headquartered in Memphis, TN, has $83.9 billion in assets as of December 31, 2025, and operates in 12 states in the southern U.S. [13] - The company offers a range of financial services including commercial, private banking, consumer, small business, wealth management, and mortgage banking [13]

First Horizon Corporation is expected to report a 7% increase in EPS and a revenue rise to approximately $862.8 million for Q4.Analysts have revised the consensus EPS estimate upward by 3.1%, indicating potential investor interest and possible stock price movements.Despite a positive earnings outlook, First Horizon's shares recently saw a slight decline, with a Hold rating from TD Cowen analyst Janet Lee.First Horizon Corporation (NYSE:FHN), based in Memphis, Tennessee, is preparing to release its fourth-qu ...

Core Viewpoint - First Horizon National Corporation (FHN) is showing positive financial indicators with a potential upside in stock price, reflecting optimism from analysts regarding its future performance [1][6]. Financial Performance - FHN is expected to report quarterly earnings of $0.46 per share for the quarter ending December 2025, which represents a 7% increase from the previous year [2]. - Revenue forecasts for FHN are projected at $862 million for the quarter, indicating an 18.3% year-over-year growth [3]. Market Activity - FHN's stock has experienced a slight decrease of approximately 1.31% today, with a trading price of $24.15 [4]. - The stock has shown volatility over the past year, trading between a high of $24.91 and a low of $15.19 [4]. - FHN's market capitalization is approximately $12.43 billion, and today's trading volume on the NYSE is 1,212,059 shares, indicating active investor interest [5].

The upcoming report from First Horizon National (FHN) is expected to reveal quarterly earnings of $0.46 per share, indicating an increase of 7% compared to the year-ago period. Analysts forecast revenues of $862.19 million, representing an increase of 18.3% year over year.The consensus EPS estimate for the quarter has undergone an upward revision of 3.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates durin ...

Core Insights - First Horizon Bank has appointed Ben Hopper as Senior Vice President, Head of Consumer Distribution and ATM Strategy, to enhance its physical and ATM network [1][2] - Hopper brings over 20 years of experience in retail and consumer banking strategy, having previously worked with USAA, First Horizon Bank, and Wells Fargo [2] - The bank aims to improve client service by aligning its branch and ATM network with client locations, investing in reliability and convenience, and integrating physical and digital channels for personalized service [2] Company Overview - First Horizon Corporation, with $83.2 billion in assets as of September 30, 2025, is a prominent regional financial services company based in Memphis, TN [3] - The company operates in 12 states primarily in the southern U.S. and offers a wide range of financial services including commercial, private banking, consumer, small business, wealth management, and mortgage banking [3] - First Horizon has been recognized as one of the best employers by Fortune and Forbes magazines and is listed as a Top 10 Most Reputable U.S. Bank [3]

Core Insights - First Horizon announced several leadership promotions to enhance client service through local expertise [1][6] Leadership Promotions - Tony Adams has been promoted to Gulf States Regional President, focusing on strategic client opportunities in Louisiana, having significantly developed client relationships since joining in 2001 [2] - Jimmy Dunn has been elevated to New Orleans Market President, aiming to strengthen client relationships and market growth with a high-touch service model, having joined the company in 2014 [3] - Matt Phillips, previously managing the Texas Commercial Real Estate Group, will now serve as Regional President of the West Region, leveraging over 11 years of experience in Texas to guide client growth [4] - Alex Morton has transitioned from Birmingham Market President to Atlanta Market President, expected to capitalize on strategic hires and business momentum developed over the past eight years [5] Company Overview - First Horizon Corporation, with $83.2 billion in assets as of September 30, 2025, is a leading regional financial services company operating in 12 southern U.S. states [7] - The company offers a wide range of services including commercial, private banking, consumer, small business, wealth management, and mortgage banking [7] - First Horizon has been recognized as one of the best employers and a top reputable U.S. bank by Fortune and Forbes [7]