First Horizon Corporation's Momentum Continues with Strong First Quarter 2025 Results

Financial Performance - First Horizon Corporation reported a net income available to common shareholders of $213 million for Q1 2025, translating to earnings per share (EPS) of$0.41, an increase of $0.12 from the previous quarter [1] - Adjusted net income for Q1 2025 was$217 million or $0.42 per share, down$0.01 from the prior quarter's adjusted net income of $228 million or$0.43 per share [1][12] - Notable items reduced the first quarter results by $4 million after-tax, or$0.01 per share, compared to a reduction of $71 million or$0.13 per share in Q4 2024 [1] Company Strategy and Outlook - The company emphasizes a business model focused on safety, soundness, profitability, and growth, which positions it to manage uncertainties and adapt to economic changes [3] - First Horizon has a 161-year history of performance through diverse economic conditions, indicating its capability for sustainable growth and long-term stakeholder benefits [3] Company Overview - First Horizon Corporation, with $81.5 billion in assets as of March 31, 2025, operates as a leading regional financial services company headquartered in Memphis, TN [11] - The banking subsidiary, First Horizon Bank, provides a range of services including commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking across 12 states in the southern U.S. [11] - The company has received recognition as one of the nation's best employers and a Top 10 Most Reputable U.S. Bank [11]