First Horizon National Stock Earnings Reports

First Horizon started 2026 with strong momentum driven by commercial & industrial (C&I) loan growth, disciplined deposit pricing, and improved balance-sheet profitability. Key financials: adjusted ROTCE was 15.1% (third consecutive quarter above 15%), EPS was $0.53 (up $0.11 YoY), return on average assets improved to 1.3%, and net interest income grew 6% YoY despite rate cuts. Period-end loans were roughly flat sequentially but core C&I grew $624 million in the quarter; consumer loans declined modestly and commercial real estate (CRE) remains a headwind for balances although CRE pipelines are strong. Deposits fell ~$1 billion QoQ driven by brokered deposit reductions; the average rate on interest-bearing deposits declined to ~2.28% and cumulative deposit beta since Sept 2024 is 69%. Credit remains stable: net charge-offs were $29 million (0.18% annualized) and ACL-to-loans was 1.28%. Capital actions included ~$230 million of buybacks in the quarter (about $765 million remaining authorization) and a $400 million Series H preferred issuance, lifting Tier 1 to 11.95%; near-term CET1 target updated to 10.5%. Management reiterated full-year guidance (revenue growth guide 3%–7%), expects mid-single-digit loan growth, plans to be opportunistic on buybacks, and highlighted continued investments in talent, technology, and relationship-based revenue initiatives that underpin a stated >$100 million PPNR opportunity over the next couple of years.