First Horizon (FHN)
NYSE:FHN
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Earnings Data
Report Date
Jul 22, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.53Last Year’s EPS
0.45Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed solid operating momentum and improved profitability — highlighted by a 15.1% adjusted ROTCE, 6% YoY NII growth, strong C&I loan growth, expense discipline, and constructive capital actions — balanced against manageable headwinds including deposit competition, CRE balance headwinds, quarter-to-quarter fee income volatility, and mortgage/refi uncertainty. Management emphasized disciplined underwriting, targeted capital deployment, and maintaining guidance while noting market volatility risks.Company Guidance
Sustained Strong Profitability (Adjusted ROTCE)
Adjusted ROTCE of 15.1% for the quarter — third consecutive quarter above 15% and up over 200 basis points year over year, demonstrating improved return on capital.
Net Interest Income and Margin Resilience
Net interest income grew 6% year over year despite rate decreases over the last year; margin expanded 1 basis point quarter over quarter and NIM expected to be in the high 3.40s near term.
Earnings and Return Metrics Improved
Earnings per share of $0.53, up $0.11 year over year; return on average assets of 1.3%, up 19 basis points year over year.
Strong Commercial & Industrial (C&I) Momentum
Core C&I portfolio grew $624 million in the quarter (compared with roughly flat growth in 2025), supporting loan growth and pipeline momentum across regional and specialty businesses.
Fee Income and Trading Upside Year-over-Year
Total fee income up $13 million year over year (despite seasonality vs prior quarter); ADR (broker/dealer trading metric) increased 27% year over year to 742k for the quarter.
Expense Discipline and Efficiency Gains
Adjusted expenses (excluding deferred compensation) decreased $32 million quarter over quarter, including $10 million lower personnel expense and $26 million lower outside services.
Capital Actions and Tangible Book Value Growth
Repurchased ~ $230 million of common stock during the quarter (with ~$765 million authorization remaining); issued $400 million Series H preferred increasing Tier 1 by 44 basis points to 11.95%; tangible book value per share $14.34, up 9% year over year.
Credit Performance and Reserve Positioning
Net charge-offs decreased to $29 million (18 basis points) and provisioning of $15 million for the quarter; ACL-to-loans ratio at 1.28% and management notes reserves are approximately seven times average net charge-offs over the last two years.
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
FHN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 15, 2026 | $24.25 | $24.17 | -0.33% |
Jan 15, 2026 | $23.86 | $24.25 | +1.62% |
Oct 15, 2025 | $22.70 | $20.56 | -9.43% |
Jul 16, 2025 | $20.79 | $21.22 | +2.07% |
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.
FAQ
When does First Horizon (FHN) report earnings?
First Horizon (FHN) is schdueled to report earning on Jul 22, 2026, Before Open (Confirmed).
What is First Horizon (FHN) earnings time?
First Horizon (FHN) earnings time is at Jul 22, 2026, Before Open (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 2026 (Q2) is 0.53.