The combination of margin expansion, expense discipline, and strong ROTCE suggests sustainable profitability. Traders should watch for continued execution on capital deployment and whether the increase in credit provision signals changing economic conditions.
Price Chart
Executive Summary
First Horizon Corporation reported first quarter 2026 net income available to common shareholders of $257 million and EPS of $0.53, up 21% year-over-year. Net interest margin expanded to 3.52%, driven by deposit repricing, while noninterest expense decreased $40 million. The company deployed capital into loan growth and $233 million in share repurchases, with CET1 ratio declining to 10.53%.
Key Financial Metrics
Key Facts
- Net income available to common shareholders was $257 million, unchanged from prior quarter but up 21% YoY
- EPS was $0.53, up $0.01 from prior quarter and $0.12 from first quarter 2025
- Net interest margin expanded 1 basis point to 3.52% due to lower deposit costs
- Noninterest expense decreased $40 million to $505 million, driven by lower outside services and incentives
- CET1 ratio decreased to 10.53% after $233 million in share repurchases and $400 million preferred stock issuance
- Provision for credit losses was $15 million compared to $0 in prior quarter
- Asset quality improved with ACL to loans ratio decreasing to 1.28%
Financial Impact
EPS of $0.53, net income of $257 million, net interest margin of 3.52%
Risk Factors
- Increase in provision for credit losses from zero in prior quarter
- Decline in CET1 ratio to 10.53% despite preferred stock issuance
- Sensitivity to interest rate changes with 57% of loans indexed to short-term rates
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000036966-26-000067 |
| Document: a1q26earningsslides.htm | 0000036966-26-000067 |
| Document: fhn-20260415.htm | 0000036966-26-000067 |
| Document: 0000036966-26-000067-index-headers.html | 0000036966-26-000067 |
| Document: 0000036966-26-000067-index.html | 0000036966-26-000067 |
| Document: 0000036966-26-000067.txt | 0000036966-26-000067 |
| 8-K Data (Synthetic) | 0000036966-26-000067 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 5w ago | Press Release | $24.32 $23.10 | ▼ −5.02% | ▼ −4.83% | $23.42 (−3.70%) |
Aug 20, 2026 6w ago | Press Release | $24.63 $23.93 | ▼ −2.84% | ▼ −2.32% | $23.42 (−4.91%) |
Jul 31, 2026 9w ago | Press Release | $25.80 $24.32 | ▼ −5.74% | ▼ −6.97% | $23.42 (−9.22%) |
Jul 23, 2026 10w ago | Press Release | $25.53 $24.63 | ▼ −3.53% | ▼ −7.15% | $23.42 (−8.26%) |
Jul 20, 2026 10w ago | Press Release | $25.47 $26.02 | ▲ +2.16% | ▼ −1.96% | $23.42 (−8.05%) |
Jul 15, 2026 11w ago | 8-K | $24.94 $25.88 | ▲ +3.77% | ▲ +1.43% | $23.42 (−6.09%) |
Apr 15, 2026 24w ago | 8-K | $24.99 $24.96 | ▼ −0.12% | ▼ −6.16% | $23.42 (−6.28%) |
Mar 16, 2026 28w ago | DEFA14A | $21.84 $24.17 | ▲ +10.67% | ▲ +6.37% | $23.42 (+7.23%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access