Q2 2025 First Horizon Corp Earnings Call Transcript
Key Points
- First Horizon Corp (FHN) reported a strong second quarter with an adjusted EPS of $0.45, a $0.03 increase from the prior quarter.
- The company achieved a $10 million increase in net interest income, primarily driven by growth in its loan portfolio.
- Credit trends remained strong with a charge-off ratio of 22 basis points, aligning with expectations.
- The balance sheet showed growth with both loans and deposits finishing 2% higher quarter over quarter.
- First Horizon Corp (FHN) maintained strong deposit retention, retaining approximately 95% of balances associated with clients who had a re-pricing event in the quarter.
- The net interest margin experienced a 2-basis-point compression, primarily due to increased interest-bearing deposit costs.
- Fee income decreased by $3 million from the prior quarter, with fixed income performance declining amidst a less favorable environment.
- The company faced increased competition in deposit pricing, impacting its ability to maintain lower costs.
- CRE balances continued to decline due to pay-offs of stabilized projects and a reduction in non-performing CRE loans.
- The economic outlook remains uncertain with potential impacts from tariffs, interest rates, and broader economic conditions.
Thank you, all, for joining. I would like to welcome you all to the First Horizon second-quarter 2025 earnings conference call. My name is Vrika, 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.
Thank you, Vrika. Good morning. Welcome to our second-quarter of 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.firsthorizons.com. As always, I need to remind you that we will make forward-looking statements that are subject to risks and
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