Q3 2025 First Horizon Corp Earnings Call Transcript
Key Points
- First Horizon Corp (FHN) reported strong adjusted earnings per share of $0.51, a $0.06 increase from the previous quarter.
- Net interest income grew by $33 million, with a 15 basis points expansion in net interest margin.
- The company achieved a high retention rate of approximately 97% for deposits with re-pricing events.
- FHN's adjusted return on tangible common equity increased by 135 basis points to 15%.
- The company successfully executed share buybacks worth $190 million, with more than $300 million remaining in buyback authorization.
- Period-end loan balances decreased slightly, with loans to mortgage companies down by $132 million.
- Core deposit franchise faced challenges, with a decrease in balances over the last two quarters.
- Adjusted expenses increased by $45 million from the prior quarter, driven by personnel and project expenses.
- The net charge-off ratio remained at 17 basis points, indicating ongoing credit challenges.
- The company's loan loss provision was a credit of $5 million, reflecting loan payoffs and a decline in the ACL to loans ratio.
Good morning all and thank you all for attending the First Horizon third quarter 2025 earnings conference call. My name is [Brika], and I will be your Moderator for today. (Operator Instructions) I would now like to pass the conference over to your host, Tyler Craft, Head of Investor Relations at First Horizon Bank.
Thank you. You may proceed Tyler.
Thank you, Brika. Good morning. Welcome to our third quarter 2025 results conference call. Thank you for joining us. Today, our Chairman, President and CEO, Bryan Jordan; and Chief Financial Officer, Hope Dmuchowski will provide prepared remarks after which we'll be happy to take your questions.
We're also pleased to have our Chief Credit Officer, Thomas Hung here to assist with questions as well. Our remarks today will reference our earnings presentation, which is available on our website at ir.firsthorizon.com.
As always, I need to remind you that we will make forward-looking statements that are subject
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