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First Horizon reports Q1 earnings beat, revenue miss

Published 16/04/2025, 12:04
First Horizon reports Q1 earnings beat, revenue miss
FHN
-0.27%

MEMPHIS -On Wednesday, First Horizon Corporation (NYSE:FHN) reported first quarter earnings that beat analyst estimates, while revenue fell short of expectations.

The regional bank’s stock edged down -0.11% following the release.

First Horizon posted adjusted earnings per share of $0.42 for the first quarter, exceeding the analyst consensus of $0.40. However, revenue came in at $812 million, missing estimates of $823.88 million.

Net income available to common shareholders was $213 million or $0.41 per share, up from $158 million or $0.29 per share in the fourth quarter of 2024. Excluding notable items, adjusted net income was $217 million or $0.42 per share, down slightly from $228 million or $0.43 per share in the previous quarter.

"We are pleased to report strong performance as we begin 2025," said President and CEO Bryan Jordan. "Our commitment to delivering value to our shareholders through consistent returns is achieved by meeting client needs with tailored solutions, maintaining a strong associate culture, and supporting our communities with unwavering resolve."

The company did not provide specific forward guidance in the earnings release. First Horizon ended the quarter with $81.5 billion in assets as of March 31, 2025.

Jordan added that the bank’s business model prioritizes "safety and soundness, profitability, and growth," positioning it to manage uncertainties and adapt to economic changes.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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