Q1 2026 First Horizon Corp Earnings Call Transcript
Key Points
- First Horizon Corp (FHN) achieved its third consecutive quarter of 15% or greater adjusted ROTCE, indicating strong profitability.
- The company reported a 6% year-over-year growth in net interest income, outpacing the 3% growth in its loan portfolio.
- C&I portfolio grew by $624 million in the quarter, showing strong client growth and relationship-focused client activity.
- The company successfully issued $400 million of Series H preferred stock, enhancing its Tier 1 capital ratio.
- First Horizon Corp (FHN) maintained a CET1 ratio of 10.53%, reflecting strong capital management and buyback activity.
- Deposit balances decreased by $1 billion compared to the prior quarter, primarily due to reductions in brokered deposits.
- Fee income decreased by $12 million from the prior quarter, driven by normal seasonality and fluctuations in the equipment finance business.
- The consumer loan portfolio declined by $198 million in the quarter, reflecting normal fluctuations.
- Commercial real estate continues to be a headwind for loan balance growth due to stabilized loans moving to permanent markets.
- The company faces increased competition in the deposit market, which may lead to slight upward pressure on deposit costs.
Hello, everyone, and thank you for joining the First Horizon first-quarter 2026 earnings conference call. My name is Lucy, and I'll be coordinating the call today.
(Operator Instructions)
It is now my pleasure to hand over to your host, Tyler Craft, Head of Investor Relations, to begin. Please go ahead.
Thank you, Lucy. Good morning. Welcome to our first-quarter 2026 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 to risks and uncertainties. Therefore, we ask you to review
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