First Horizon Corporation Delivers Strong First Quarter 2026 Results with Net Income Available to Common Shareholders of $257 Million, up 21% year-over-year and EPS of $0.53, up $0.12 from First Quarter 2025
Rhea-AI Summary
First Horizon (NYSE: FHN) reported Q1 2026 net income available to common shareholders of $257 million and EPS of $0.53, up 21% and $0.12 respectively year-over-year. Return on tangible common equity rose to 15.1% and tangible book value per share increased 9% YoY.
The company highlighted disciplined revenue generation, expense control and a strong credit culture. A conference call and webcast were scheduled for April 15, 2026, with a replay available through April 29, 2026.
Positive
- NIAC $257M in Q1 2026
- EPS $0.53, up $0.12 YoY
- Return on tangible common equity 15.1%
- Tangible book value per share +9% YoY
Negative
- None.
News Market Reaction – FHN
In the Apr 15 session, FHN declined 0.33%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Oct 15 | Q3 2025 earnings | Positive | -9.4% | Reported higher Q3 2025 NIAC and EPS with solid asset base. |
| Jul 30 | 2025 stress test | Positive | -0.6% | Stress test showed strong CET1 ratio and loss-absorption capacity. |
| Jul 16 | Q2 2025 earnings | Positive | +2.1% | Strong Q2 2025 NIAC and EPS with $82.1B in assets. |
| Apr 16 | Q1 2025 earnings | Positive | -1.6% | Q1 2025 NIAC and EPS grew versus prior quarter with solid assets. |
| Jan 16 | FY 2024 results | Neutral | -0.4% | Full-year 2024 NIAC and Q4 credit metrics reflected stable performance. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent earnings and stress-test updates were generally positive fundamentally, but price reactions often leaned negative or muted, with only one of five earnings-related events showing a clearly positive next-day move.
Over the past year, First Horizon reported several solid earnings and capital updates. Q1 2025 NIAC was $213M with EPS $0.41, followed by Q2 2025 NIAC of $233M and EPS $0.45, and Q3 2025 NIAC of $254M and EPS $0.50. Full-year 2024 NIAC reached $738M (EPS $1.36). A 2025 company-run stress test showed CET1 at 9.7%, well above the 4.5% minimum. Today’s Q1 2026 update, with NIAC of $257M and EPS $0.53, continues this theme of steady earnings and capital strength.
Key Terms
return on tangible common equity financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
"We are pleased to deliver adjusted return on tangible common equity* of
Conference Call Information
Analysts, investors and interested parties may call toll-free starting at 8:15 a.m. CT on April 15, 2026, by dialing 1-833-470-1428 (if calling from the
Participants can also opt to listen to the live audio webcast at https://ir.firsthorizon.com/events-and-presentations/default.aspx.
A replay of the call will be available beginning at noon CT on April 15 until midnight CT on April 29, 2026. To listen to the replay, dial 1-866-813-9403 (
Forward-Looking Statements
This document and the complete 1Q2026 earnings release to which it relates contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to FHN's beliefs, plans, goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results, or other developments. Forward-looking statements often use words such as "believe," "expect," "anticipate," "intend," "estimate," "should," "is likely," "will," "going forward," and other similar expressions that indicate future events and trends. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, operational, economic, and competitive uncertainties and contingencies, many of which are beyond FHN's control, and many of which, with respect to future business decisions and actions (including acquisitions and divestitures), are subject to change and could cause FHN's actual future results and outcomes to differ materially from those contemplated or implied by forward-looking statements or historical performance. While there is no assurance that any list of uncertainties and contingencies is complete, examples of factors which could cause actual results to differ from those contemplated by forward-looking statements or historical performance include those mentioned: in this document; in Items 2.02 and 7.01 of FHN's Current Report on Form 8-K filed with the Securities and Exchange Commission on the date of this release; in the forepart, and in Items 1, 1A, and 7, of FHN's most recent Annual Report on Form 10-K; and in the forepart, and in Item 1A of Part II, of FHN's Quarterly Report(s) on Form 10-Q filed after that Annual Report. Any forward-looking statements made by or on behalf of FHN speak only as of the date they are made, and FHN assumes no obligation to update or revise any forward-looking statements that are made in this document or in any other statement, release, report, or filing from time to time. Actual results could differ and expectations could change, possibly materially, because of one or more factors, including those factors listed in this document or the documents mentioned above, and other factors not listed.
Throughout this document and the complete 1Q2026 earnings release to which it relates, numbers may not total due to rounding, references to EPS are fully diluted, and capital ratios for the most recent quarter are estimates.
Use of non-GAAP Measures and Regulatory Measures that are not GAAP
Certain measures included in this document and the complete 1Q2026 earnings release to which it relates are "non-GAAP," meaning they are not presented in accordance with generally accepted accounting principles in the
The non-GAAP measures presented in this document and the complete 1Q2026 earnings release to which it relates are fully taxable equivalent measures, pre-provision net revenue ("PPNR"), return on average tangible common equity ("ROTCE"), tangible common equity ("TCE") to tangible assets ("TA"), tangible book value ("TBV") per common share, and various consolidated and segment results and performance measures and ratios adjusted for notable items.
Presentation of regulatory measures, even those which are not GAAP, provide a meaningful base for comparability to other financial institutions subject to the same regulations as FHN, as demonstrated by their use by banking regulators in reviewing capital adequacy of financial institutions. Although not GAAP terms, these regulatory measures are not considered "non-GAAP" under
Refer to the tabular reconciliation of non-GAAP to GAAP measures and presentation of the most comparable GAAP items, beginning on page 20 of FHN's complete 1Q26 earnings release available at https://ir.firsthorizon.com.
First Horizon Corp. (NYSE: FHN), with
Contact: | Investor Relations - Tyler.Craft@firsthorizon.com |
Media Relations - Beth.Ardoin@firsthorizon.com |
* "Adjusted" results, along with return on tangible common equity, tangible book value per share, and certain other financial measures, are non-GAAP financial measures. All references to loans include leases. All references to earnings per share are based on diluted shares. NII, total revenue, NIM, and PPNR are presented on a fully taxable equivalent ("FTE") basis. Capital ratios are preliminary. Please see page 4 for information on our use of non-GAAP measures and a reconciliation of these measures to GAAP beginning on page 20 of FHN's complete 1Q26 earnings release available at https://ir.firsthorizon.com.
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SOURCE First Horizon Corporation