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First Horizon Corp
DUS:FT2

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First Horizon Corp
DUS:FT2
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Price: 21.4 EUR 1.9% Market Closed
Market Cap: €11.7B

First Horizon Corp
Investor Relations

First Horizon Corp is a bank holding company that owns First Horizon Bank, a regional lender with a strong presence in the southern United States. It takes deposits from households and businesses, makes loans, and offers everyday banking services such as checking accounts, mortgages, credit cards, and business lending. It also provides wealth management and other financial services to customers who want help saving, investing, and managing cash. Its main customers are consumers, small and midsize businesses, and larger commercial clients that need lending, treasury, and cash-management services. First Horizon makes most of its money the traditional banking way: it earns interest on loans and other assets, and it collects fees for services such as account maintenance, payment processing, and wealth management. What makes the business model different is that it sits in the middle of local finance and larger commercial banking. It is not a pure online bank or a big Wall Street firm; it is a relationship-based regional bank that knows its borrowers and depositors well. That gives it a straightforward role in the financial system: gathering local deposits and turning them into loans and banking services for the communities and companies it serves.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 15, 2026
AI Summary
Q1 2026

Strong start: First Horizon said it began 2026 with strong momentum, posting its third straight quarter of 15%+ adjusted ROTCE and an adjusted ROTCE of 15.1%.

Profitability improved: Return on average assets was 1.30%, up 19 basis points year over year, while net interest income rose 6% year over year despite lower rates.

Lending was healthy: Core C&I loans grew $624 million in the quarter, and management said C&I and CRE pipelines remain strong despite a still-competitive market.

Capital and credit stayed solid: CET1 ended at 10.53% after $230 million of buybacks and a $400 million preferred issuance, while net charge-offs stayed at 18 basis points and credit was described as consistent.

Outlook unchanged: Management kept the full-year outlook intact, reiterated mid-single-digit loan growth expectations, and said the 3% to 7% revenue guide is balanced between fee income and net interest income scenarios.

Key Financials
Adjusted ROTCE
15.1%
Return on average assets
1.30%
Earnings per share
$0.53
Net interest income
6% year over year growth
Loan growth
3%
Core C&I loan growth
$624 million
Adjusted pre-provision net revenue
8% improvement
Net interest margin
up 1 basis point
Period-end deposits
down $1 billion
Average interest-bearing deposit rate
2.28%
Spot interest-bearing deposit rate
2.27%
Cumulative deposit beta
69%
Period-end loans
up $221 million
Loans to mortgage companies
down $62 million
Consumer loans
down $198 million
Fee income
down $12 million
Fixed income revenues
down slightly quarter over quarter
ADR
$742,000
Adjusted expenses
down $32 million
Net charge-offs
$29 million
Net charge-off ratio
18 basis points
Provision for credit losses
$15 million
ACL to loans ratio
1.28%
CET1 ratio
10.53%
Common share repurchases
about $230 million
Board authorization remaining
about $765 million
Series H preferred stock issuance
$400 million
Tier 1 capital ratio
11.95%
Tangible book value per share
$14.34
Mortgage warehouse charge-offs
1 basis point average annual charge-offs over 10-plus years
Direct exposure to private credit
less than 1% of the loan book
NDFI total
$8.6 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. D. Bryan Jordan
Chairman, President & CEO
No Bio Available
Ms. Hope Dmuchowski
Senior EVP & CFO
No Bio Available
Ms. Tammy S. LoCascio
Senior EVP & COO
No Bio Available
Mr. Anthony J. Restel
Chief Banking Officer
No Bio Available
Mr. Jeff L. Fleming
Executive VP, Chief Accounting Officer & Corporate Controller
No Bio Available
Mr. Mohan Sankararaman
Executive VP & Chief Information Officer
No Bio Available
Ms. Natalie Flanders
Senior VP & Head of Investor Relations
No Bio Available
Mr. Charles T. Tuggle Jr.
Executive VP & General Counsel
No Bio Available
Ms. Elizabeth A. Ardoin
Senior EVP & Chief of Communications Officer
No Bio Available
Ms. Erin Pryor
Executive VP and Chief Marketing & Experience Officer
No Bio Available

Contacts

Address
TENNESSEE
Memphis
165 Madison Ave
Contacts
+19018186232.0
www.firsthorizon.com
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