First Horizon Q1 net income rises 21% on expense discipline

First Horizon

15/04/2026 11:39

Overview

U.S. regional bank's Q1 net income rises 21% yr/yr, EPS up to $0.53

Tangible book value per share increased 9% yr/yr in Q1

Company cites relationship banking and expense discipline for improved results

Outlook

Company did not provide specific guidance or outlook for future quarters or full year in its press release

Result Drivers

RELATIONSHIP BANKING - Co said revenue growth was driven by relationship banking across its footprint

EXPENSE DISCIPLINE - Co said maintaining expense discipline contributed to improved results

CREDIT CULTURE - Co said execution with a strong credit culture supported performance

Company press release: ID:nPn9PG6ZCa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.53
Q1 Net Income
$257 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for First Horizon Corp is $26.50, about 9.3% above its April 14 closing price of $24.25

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)