First Horizon Stock Earnings Reports

First Horizon started 2026 with strong momentum: adjusted ROTCE was 15.1% (third consecutive quarter >=15%), EPS was $0.53 (+$0.11 YoY), and net interest income grew 6% YoY despite rate declines. Core C&I loans increased $624 million in Q1, while total period-end loans were essentially flat (+$21 million) as mortgage-company loans saw seasonal declines. Deposit balances fell ~$1 billion QoQ (largely brokered); deposit rate discipline produced a cumulative beta of 69% since Sep 2024 and an interest-bearing spot rate of 2.27%. Credit remains stable: net charge-offs were $29 million (18 bps) and provision was $15 million; ACL-to-loans = 1.28%. Capital actions included ~$230 million of share buybacks in the quarter (≈$766 million buybacks over the past year), issuance of $400 million Series H preferred, CET1 of 10.53% and a communicated near-term CET1 target of 10.5%. Management reiterated a full-year revenue guide of +3% to +7% and flat expense outlook (with variability across quarters), highlighted a $100M+ PPNR opportunity driven by relationship deepening (CRE pricing, treasury and wealth cross-sell, specialty partnerships), and said they will be opportunistic on buybacks while monitoring macro/geopolitical uncertainty. Management expects modest deposit cost pressure in Q2–Q3, continued strong C&I pipelines, seasonal uptick in mortgage warehouse balances, and no material change to M&A stance.