First Horizon posts robust first-quarter 2026 financial results

An announcement from First Horizon ( (FHN) ) is now available.

First Horizon reported strong first-quarter 2026 results on April 15, 2026, with net income available to common shareholders of $257 million, up 21% year over year, and diluted earnings per share of $0.53 versus $0.41 in the first quarter of 2025. Return on tangible common equity reached 15.1%, marking the third consecutive quarter above 15%, while tangible book value per share rose 9% year over year, underscoring sustained shareholder value creation.

Operationally, net interest income slipped slightly to $670 million due mainly to day count effects, but net interest margin edged up to 3.52% as deposit repricing offset lower loan yields following the December 2025 Fed rate cut. Noninterest income fell by $18 million and expenses dropped by $40 million, aided by lower outside services and incentive costs, while loan and lease balances were broadly stable with growing commercial and industrial exposure and modest declines in consumer and CRE loans.

Asset quality remained solid, with provision for credit losses at $15 million, low net charge-offs of 18 basis points, and nonperforming loans broadly flat, even as the allowance-to-loan ratio eased to 1.28% on continued positive resolutions of weaker credits. Capital levels stayed robust with a CET1 ratio of 10.53% despite $233 million of share repurchases, and overall capital was strengthened by a $400 million Series H preferred stock issuance, reinforcing the bank’s capacity to support growth and capital returns.

The most recent analyst rating on (FHN) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on First Horizon stock, see the FHN Stock Forecast page.

Spark’s Take on FHN Stock

According to Spark, TipRanks’ AI Analyst, FHN is a Neutral.

The score is driven primarily by solid financial performance and a positive 2026 outlook (growth and operating leverage guidance, ongoing capital returns). These positives are partially offset by weak technical momentum and bank-specific risks highlighted on the call (CET1 pressure, NIM/deposit-beta sensitivity, and emerging asset-quality watch items).

To see Spark’s full report on FHN stock, click here.

More about First Horizon

First Horizon Corporation is a U.S. regional financial institution headquartered in Memphis, Tennessee, operating in the banking industry through its NYSE-listed stock under the ticker FHN. The company focuses on relationship banking across its footprint, offering loans, leases, deposit products, and associated financial services to retail, commercial, and mortgage banking clients while emphasizing safety, soundness, and disciplined credit culture.

Management highlights tangible book value per share growth, return on tangible common equity, and capital ratios as key performance metrics used internally and disclosed with non-GAAP reconciliations. The bank also tracks regulatory capital measures such as common equity tier 1 capital, tier 1 capital, and risk-weighted assets to assess capital adequacy and support loan growth, share repurchases, and preferred stock issuance.

Average Trading Volume: 6,240,892

Technical Sentiment Signal: Strong Buy

Current Market Cap: $11.61B

See more data about FHN stock on TipRanks’ Stock Analysis page.