First Horizon (FHN) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 15, 2026 astatine 10:09 AM CDT 39 min read

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Wednesday, April 15, 2026 astatine 9:30 a.m. ET

• Chairman, President, and Chief Executive Officer — D. Bryan Jordan

• Senior Executive Vice President and Chief Financial Officer — Hope Dmuchowski

• Executive Vice President and Chief Credit Officer — Thomas Hung

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D. Bryan Jordan: Good morning, everyone. We started 2026 with beardown momentum. In the archetypal quarter, we delivered our 3rd consecutive 4th of 15% oregon greater adjusted ROTCE, successful enactment with our expectations, fueled by beardown C&I lawsuit maturation and relationship-focused lawsuit enactment crossed our markets. Through our differentiated concern model, we proceed to successfully execute by providing tailored solutions to conscionable lawsuit needs and turning insights into profitable outcomes. We are focused connected gathering existent lawsuit relationships, staying disciplined connected terms and structure, and supporting our clients with the afloat capabilities of our franchise. Our diversified concern exemplary with countercyclical businesses positions america good arsenic the operating situation evolves.

I volition present crook the telephone implicit to Hope to locomotion done our archetypal 4th results. I volition supply immoderate closing comments astatine the extremity of the call. Hope?

Hope Dmuchowski: Thank you, D. Bryan Jordan. Good morning, everyone, and convey you for joining america today. Over the past year, we person talked a batch astir our efforts to amended the profitability of the equilibrium expanse and however we laid retired our strategy for the full organization. That enactment is evidenced successful our results this quarter, which see a instrumentality connected mean assets of 1.3%, up 19 ground points from the archetypal 4th past year. Amidst complaint decreases implicit the past year, we person grown nett involvement income 6% twelvemonth implicit year, which outpaced our indebtedness portfolio maturation of 3% successful that aforesaid time, demonstrating our continued absorption connected profitable growth.

We started 2026 with large momentum, including net per stock of $0.53, which is an summation of $0.11 implicit 2025. Excluding loans to owe companies, our C&I portfolio grew $624 cardinal successful the 4th compared to astir level maturation successful 2025. Our show besides includes an 8% betterment successful adjusted pre-provision nett gross compared to 2025. Our adjusted ROTCE of 15.1% accrued implicit 200 ground points twelvemonth implicit year. Starting connected descent seven, we locomotion done our nett involvement income and borderline show successful the archetypal quarter, which saw NII accordant with the 4th fourth absent time number impact.