First Horizon National Stock Earnings Reports

First Horizon reported a strong Q3 2025: adjusted EPS $0.51 and adjusted ROTCE of 15%. Net interest income rose ~$33 million and NIM expanded to 3.55% (management says a more sustainable starting point is in the high-3.30s to ~3.40s once a one-time Main Street accretion is excluded). Deposit balances were roughly flat at the core level but period-end declined $52 million overall driven by a $652 million decrease in brokered CDs; management emphasized ~97% retention on client balances that repriced during the quarter. Loan activity was mixed: mortgage-warehouse balances declined seasonally, C&I grew (~$174 million quarter-over-quarter), and CRE continued its longer-term transition as projects move to permanent financing. Credit remains healthy: net charge-offs were $26 million (17 bps), provision was a $5 million credit this quarter, ACL/loans ratio ~1.38%, and criticized/classified loans declined. Capital: CET1 was 11% (management set a near-term CET1 target of 10.75%), accelerated buybacks of ~$190 million this quarter (≈8.6M shares) with >$300M remaining authorization. Guidance: revenue guidance unchanged, expecting PPNR growth and reiterating a multi-year goal of sustainable >15% adjusted ROTCE; expenses may finish at the high end of the range given a larger charitable foundation contribution and higher commissions tied to ADR growth. M&A stance: opportunistic — management is focused first on organic value creation and executing on >$100M of identified PPNR opportunities, but will consider well-structured, culturally fit, in-footprint deals (likely tuck-ins) if attractive opportunities emerge in 2026+.