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First Horizon (FHN)
NYSE:FHN
Earnings Data
Report Date
Jul 22, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.41Last Year’s EPS
0.34Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 16, 2025
|% Change Since: -1.59%
|Next Earnings Date:Jul 22, 2025
Earnings Call Sentiment|Neutral
First Horizon demonstrated strong operational and financial management with improvements in net interest margin and effective capital deployment. However, macroeconomic uncertainties and increased provisions posed challenges, resulting in a balanced sentiment.Company Guidance
During the First Horizon First Quarter 2025 Earnings Call, the company provided guidance and detailed several key financial metrics. They reported an adjusted EPS of $0.42 per share, a slight decrease from the previous quarter. The pre-provision net revenue grew by $16 million, and there was a 9 basis point expansion in net interest margin to 3.42%, primarily driven by a reduction in deposit rates. Expenses were reduced by $20 million, excluding deferred compensation. The company repurchased $360 million in stock, impacting the CET1 ratio, which ended the quarter at 10.9%. Despite macroeconomic uncertainties, including potential impacts from tariffs, First Horizon maintained a strong risk-adjusted credit performance with a charge-off ratio of 19 basis points. They also increased their coverage ratio to account for potential future losses. Looking ahead, First Horizon reiterated its 2025 guidance, emphasizing discipline in deposit pricing and loan growth, while aiming for a 15% return on tangible common equity over the intermediate term.Net Interest Margin Expansion
First Horizon achieved a 9 basis point increase in net interest margin, reaching 3.42%, driven by a 27 basis point decline in average total deposit costs.
Strong Capital Management
The company repurchased $360 million of stock in the first quarter, reflecting a strategic deployment of excess capital, and maintained a CET1 ratio of 10.9%.
Robust Credit Performance
Credit performance remained strong with a charge-off ratio of 19 basis points, consistent with prior performance, and an ACL to loans ratio increased to 1.45%.
Expense Reduction
First Horizon managed to reduce expenses by $20 million, excluding deferred compensation, evidencing efficient expense management.
Countercyclical Business Strength
The countercyclical businesses provided a natural revenue hedge, supporting earnings stability amidst economic fluctuations.
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FHN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FHN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 16, 2025 | $17.56 | $17.28 | -1.59% |
| Jan 16, 2025 | $21.22 | $21.14 | -0.38% |
| Oct 16, 2024 | $16.45 | $17.12 | +4.07% |
| Jul 17, 2024 | $17.01 | $16.03 | -5.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does First Horizon (FHN) report earnings?
First Horizon (FHN) is schdueled to report earning on Jul 22, 2025, TBA Not Confirmed.
What is First Horizon (FHN) earnings time?
First Horizon (FHN) earnings time is at Jul 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FHN EPS forecast?
FHN EPS forecast for the fiscal quarter 2025 (Q2) is 0.41.
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