FHN First Horizon (FHN) Q1 FY26 earnings call
First Horizon delivered a strong Q1 FY26, achieving its third straight quarter of 15%+ adjusted ROTCE, fueled by robust C&I loan growth and disciplined balance sheet management. The company outpaced loan growth with NII expansion, demonstrating improved profitability. While facing headwinds in fee income and deposit balances, management remains focused on relationship banking, expense discipline, and strategic capital deployment, maintaining its full-year outlook amidst evolving macro conditions.
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FHN operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Common equity tier 1 ratio (CET1) | 10.53%On Slide 13, we ended the quarter with a CET1 of 10.53%, driven by buyback activity and loan growth in the quarter.Source: earnings call transcript | 10.5%On Slide 14, we ended the quarter with CET1 of 10.5%, which is in line with our near-term targets.Source: earnings call transcript | 10.3%On Slide 14, we ended the quarter with CET1 of 10.3%, which is down slightly from the prior quarter and reflects the impact of notable items, including the mortgage transaction we discussed.Source: earnings call transcript | -0.2 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.