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First Horizon National (FHN)
NYSE:FHN
Earnings Data
Report Date
Apr 22, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.49Last Year’s EPS
0.42Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call was positive: management reported sustained profitability (15% ROTCE/ROSD), solid sequential loan and deposit growth, meaningful capital returns (nearly $900M repurchased and >$300M dividends in 2025), credit trends that allowed reserve releases, and a constructive 2026 outlook with 3%–7% revenue guidance and mid-single-digit balance sheet growth. Offsetting items include a slight CET1 decline to 10.64% after buybacks, quarter-to-quarter margin sensitivity, a modest rise in criticized/classified loans and net charge-offs, expense upticks tied to incentives and project costs, and concentration in mortgage warehouse exposure. Taken together, highlights materially outweigh the lowlights but several risks (capital management, deposit beta, asset-quality watch items and expense timing) warrant monitoring.Company Guidance
Sustained Profitability and Returns
Adjusted return on tangible common equity / ROSD reached 15% in 2025; management reiterated goal to sustain and exceed that level and highlighted continued PPNR growth opportunities (>$100M incremental opportunity).
Earnings and Margin Metrics
Fourth-quarter EPS of $0.52 and reported NIM of 3.512%; NIM compressed 4 bps QoQ but expanded 2 bps excluding Main Street Lending Program accretion.
Deposit and Funding Cost Improvement
Period-end deposits increased $2.0 billion QoQ; average interest-bearing deposit rate declined to 2.53% from 2.78% in Q3 (interest-bearing cost down ~25 bps); interest-bearing spot rate ended the quarter at 2.34% and cumulative deposit beta since Sept 2024 was 64%.
Loan Growth and Mix Shift
Period-end loans rose $1.1 billion (2% QoQ). Loans to mortgage companies increased $767 million QoQ; C&I period-end balances increased $727 million QoQ; management expects mid-single-digit loan growth in 2026.
Improved CRE Lending Yield
Yields on market-based commercial real estate lending for new 2025 originations improved ~534 basis points year-over-year, and CRE paydown pace slowed (period-end CRE balances down $111 million QoQ) with commitments increasing entering 2026.
Capital Return and Buyback Activity
Returned substantial capital in 2025: share repurchases totaled ~$894 million for the year (just under $335 million repurchased in Q4) and dividends just over $300 million; announced $1.2 billion repurchase program with ~ $1.0 billion authorization remaining.
Credit Performance and Reserve Actions
Net charge-offs were $30 million (up $4 million QoQ) with an NCO ratio of 19 bps and no provision recorded in Q4; allowance for credit losses (ACL) to loans was 1.31% after broad commercial portfolio improvement; non-pass resolutions were ~$700 million in Q4 and $2.2 billion for the year.
Clear 2026 Outlook and Targets
Management set 2026 guidance: total revenue growth 3%–7% YoY, PPNR growth with mid-single-digit balance sheet growth, flattish expense outlook (with room for incremental incentive expense), net charge-off expectation 15–25 bps, taxes 21–23%, and near-term CET1 target ~10.75% (intermediate-term 10%–10.5%).
Fee Income and Business Momentum
Fee income increased $3 million QoQ (ex-deferred comp); equipment finance lease income contributed $4.4 million; management reported pickup in mortgage refinance activity and momentum in treasury management and consumer initiatives.
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 |
|---|---|---|---|
Jan 15, 2026 | $24.05 | $24.44 | +1.62% |
Oct 15, 2025 | $22.88 | $20.72 | -9.43% |
Jul 16, 2025 | $20.95 | $21.38 | +2.07% |
Apr 16, 2025 | $17.20 | $16.93 | -1.59% |
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 National (FHN) report earnings?
First Horizon National (FHN) is schdueled to report earning on Apr 22, 2026, Before Open (Confirmed).
What is First Horizon National (FHN) earnings time?
First Horizon National (FHN) earnings time is at Apr 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 (Q1) is 0.49.