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

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.

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.

Argus Apr 15 session

-0.33% close to close Open Argus

Details

News Market Reaction – FHN

On Apr 15, the day this news came out, FHN closed 0.33% below the previous close.

Data tracked by StockTitan Argus for the Apr 15 session.

Key Figures

Q1 2026 NIAC: $257 million Q1 2026 EPS: $0.53 Q4 2025 NIAC: $257 million +5 more

Q1 2026 NIAC

$257 million

Net income available to common shareholders, Q1 2026

Q1 2026 EPS

$0.53

Earnings per share, Q1 2026

Q4 2025 NIAC

$257 million

Net income available to common shareholders, Q4 2025

Q4 2025 EPS

$0.52

Earnings per share, Q4 2025

Q1 2025 NIAC

$213 million

Net income available to common shareholders, Q1 2025

Q1 2025 EPS

$0.41

Earnings per share, Q1 2025

Return on tangible common equity

15.1%

Q1 2026 reported ROTCE

NIAC growth

21%

Year-over-year increase in NIAC for Q1 2026

Previous Earnings Reports

5 past events · Latest: Oct 15

Same Type 5 events

1. Oct 15

   Q3 2025 earnings

   24h Move

   -9.4%

   Reported higher Q3 2025 NIAC and EPS with solid asset base.

2. Jul 30

   2025 stress test

   24h Move

   -0.6%

   Stress test showed strong CET1 ratio and loss-absorption capacity.

3. Jul 16

   Q2 2025 earnings

   24h Move

   +2.1%

   Strong Q2 2025 NIAC and EPS with $82.1B in assets.

4. Apr 16

   Q1 2025 earnings

   24h Move

   -1.6%

   Q1 2025 NIAC and EPS grew versus prior quarter with solid assets.

5. Jan 16

   FY 2024 results

   24h Move

   -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.

Key Terms

net income available to common shareholders, return on tangible common equity, tangible book value per share

3 terms

net income available to common shareholders financial

"today reported first quarter net income available to common shareholders ("NIAC") of $257 million"

Net income available to common shareholders is the portion of a company's profit left after paying all expenses, taxes, interest and any claims by preferred shareholders or other non-common obligations. For investors it shows the actual slice of earnings that belongs to ordinary shareowners and is used to assess profitability per share, dividend capacity and how much value common shareholders could expect — like the remaining cake to be divided among them.

return on tangible common equity financial

"Return on tangible common equity grew to 15.1% in the quarter.*"

Return on tangible common equity measures how much profit a company generates from the real, spendable capital that belongs to common shareholders, shown as a percentage. It strips out intangible items like goodwill to focus on the “hard” equity and tells investors how efficiently the firm uses that tangible capital to create earnings—think of it as the return on the cash you actually have rather than on paper values or goodwill.

tangible book value per share financial

"Year-over-year, tangible book value per share* increased 9% and net income"

Tangible book value per share is the company's total physical and financial assets minus its liabilities and intangible items (like goodwill and brand value), divided by the number of outstanding shares. It gives investors a conservative, per‑share estimate of what would remain if the business sold only its hard assets and paid its debts—useful for judging whether a stock is priced above or below its underlying, tangible worth, like valuing a property by its bricks and cash rather than its reputation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MEMPHIS, Tenn., April 15, 2026 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) ("First Horizon") today reported first quarter net income available to common shareholders ("NIAC") of $257 million or earnings per share of $0.53, compared with fourth quarter 2025 NIAC of $257 million or earnings per share of $0.52 and first quarter 2025 NIAC of $213 million or earnings per share of $0.41. Return on tangible common equity grew to 15.1% in the quarter.*

"We are pleased to deliver adjusted return on tangible common equity* of 15%+ for the third consecutive quarter, a key measure of value creation for shareholders," said Chairman, President and CEO Bryan Jordan. "These results reflect disciplined execution across our footprint and lines of business."

Jordan continued, "Year-over-year, tangible book value per share* increased 9% and net income available to common shareholders grew 21%. We achieved this by creating revenue through relationship banking, maintaining expense discipline, and executing with a strong credit culture. Safety and soundness, profitability, and growth remain our top priorities to create meaningful value for our clients, communities, and shareholders."

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 U.S.) and entering access code 672268. The conference call will begin at 8:30 a.m. CT.

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 (U.S. callers); the access code is 513284. A replay of the webcast will also be available on our website on April 15 and will be archived on the site for one year.

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 U.S. and also are not codified in U.S. banking regulations currently applicable to FHN. Although other entities may use calculation methods that differ from those used by FHN for non-GAAP measures, FHN's management believes such measures are relevant to understanding the financial condition, capital position, and financial results of FHN and its business segments. Non-GAAP measures are reported to FHN's management and Board of Directors through various internal reports.

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 U.S. financial reporting rules as long as their presentation conforms to regulatory standards. Regulatory measures used in this document and the complete 1Q2026 earnings release to which it relates include: common equity tier 1 capital ("CET1"), generally defined as common equity less goodwill, other intangibles, and certain other required regulatory deductions; tier 1 capital, generally defined as the sum of core capital (including common equity and instruments that cannot be redeemed at the option of the holder) adjusted for certain items under risk based capital regulations; and risk-weighted assets, which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios.

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 $84.1 billion in assets as of March 31, 2026, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were First Horizon (FHN) Q1 2026 earnings and EPS on April 15, 2026?

First Horizon reported $257 million net income and $0.53 EPS for Q1 2026. According to the company, NIAC rose 21% year-over-year and EPS increased $0.12 versus Q1 2025, reflecting higher revenue and disciplined expense management.

How did First Horizon (FHN) return on tangible common equity perform in Q1 2026?

Return on tangible common equity was 15.1% in Q1 2026. According to the company, this metric reflects three consecutive quarters of adjusted ROTCE at or above 15%, signaling sustained shareholder value creation.

What change occurred to First Horizon (FHN) tangible book value per share in Q1 2026?

Tangible book value per share increased by 9% year-over-year in Q1 2026. According to the company, the gain was driven by earnings growth and retained capital through disciplined expense and credit management.

Did First Horizon (FHN) provide investor access to a Q1 2026 earnings call on April 15, 2026?

Yes. First Horizon hosted a conference call at 8:30 a.m. CT on April 15, 2026, with a toll-free dial-in and live webcast. According to the company, a replay was available from noon CT on April 15 through April 29, 2026.

How did First Horizon (FHN) Q1 2026 results compare to Q4 2025 and Q1 2025?

Q1 2026 NIAC matched Q4 2025 at $257 million and exceeded Q1 2025 by 21%. According to the company, EPS rose to $0.53 from $0.41 in Q1 2025, showing year-over-year improvement.

What reasons did First Horizon (FHN) cite for Q1 2026 earnings growth?

The company cited revenue growth from relationship banking, expense discipline, and a strong credit culture. According to the company, these factors contributed to a 21% increase in net income available to common shareholders year-over-year.