FHN

A month has gone by since the last earnings report for First Horizon National (FHN). Shares have lost about 1.1% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is First Horizon due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for First Horizon Corporation before we dive into how investors and analysts have reacted as of late. First Horizon posted first-quarter 2026 earnings per share of 53 cents, surpassing the Zacks Consensus Estimate of 49 cents. This compares favorably with 42 cents in the year-ago quarter. Results benefited from higher net interest income (NII) and a rise in non-interest income, along with improved credit quality. However, the rise in expenses remains a headwind. Net income available to its common shareholders was $257 million, up 21% year over year. Revenues & Expenses Rise Total quarterly revenues were $862 million, which increased 6% year over year. The top line missed the Zacks Consensus Estimate of $866 million. NII increased 6% year over year to $667 million. Additionally, the net interest margin expanded 10 basis points from the prior-year quarter to 3.52%. Non-interest income was $195 million, rising 7% year over year. Growth was driven by higher service charges and fees, mortgage banking revenues, brokerage, trust and insurance income, and fixed income revenues. Non-interest expenses increased 4% year over year to $505 million. The rise was mainly due to higher salaries and benefits, occupancy and equipment costs, and outside services expenses. The efficiency ratio was 58.54%, down from 60.06% in the same quarter last year. A decline in the efficiency ratio indicates improved profitability. Loans & Deposits Balances Increase Average loans and leases were $63.2 billion, rising 3% year over year. Average deposits were $66.2 billion, which increased 3% year over year. Credit Quality: Mixed Bag Non-performing loans and leases totaled roughly $606 million, slightly lower than the prior-year quarter. The allowance for credit losses to loans and leases ratio was 1.28%, down from 1.45% in the year-ago quarter. Net charge-offs were $29 million, relatively stable year over year. Provision for credit losses was $15 million compared with $40 million in the year-ago q...

UMB Financial Corp. UMBF reported first-quarter 2026 operating earnings per share of $3.41, beating the Zacks Consensus Estimate of $2.82. The bottom line also increased from $2.58 in the year-ago quarter. The company delivered a strong quarterly performance, supported by solid growth in net interest income (NII), higher non-interest income and continued loan growth. Lower non-interest expenses and improved efficiency further supported results. Net income (GAAP basis) available to common shareholders for UMBF was $255.6 million in the first quarter, soaring 222.3% from the year-ago quarter. Quarterly revenues were $747.9 million, rising 30.9% year over year. The metric beat the Zacks Consensus Estimate by 5.9%. NII was $534.4 million, up 34.4% from the prior-year quarter and 2.3% sequentially. On a fully-taxable-equivalent basis, the net interest margin was 3.38%, up 42 basis points year over year and nine basis points sequentially. The increase was primarily led by lower yields on interest-bearing deposits due to mix shift and repricing of deposits following the reduction in short-term interest rates. Non-interest income was $204.8 million, up 23.2% year over year. The increase was primarily driven by higher trust and securities processing income, investment securities gains, other income, brokerage income, bankcard income and service charges on deposit accounts. Non-interest expenses were $380.9 million, down 1% year over year. First-quarter 2026 expenses included $4.4 million in total acquisition-related and other non-recurring costs. Operating non-interest expenses (adjusted basis) were $375.4 million, up 13.6% year over year. The efficiency ratio improved to 48.4% from the prior-year quarter’s 65.2%. A decline in the efficiency ratio indicates an increase in profitability. Average loans for the first quarter were $39.4 billion, up 2.7% sequentially and 21.9% from the prior-year quarter. End-of-period loans stood at $40.1 billion as of March 31, 2026. Average deposits remained flat sequentially and increased 14.5% year over year to $57.6 billion. The increase from the first quarter of 2025 reflected the impacts of acquired HTLF balances. Net charge-offs totaled $18.9 million, or 0.19% of average loans, compared with $35.9 million, or 0.45%, in the year-ago quarter. Total non-accrual and restructured loans were $151.3 million compared with $100.9 million...

Texas Capital Bancshares, Inc. TCBI reported first-quarter 2026 adjusted earnings per share (EPS) of $1.58, which surpassed the Zacks Consensus Estimate of $1.42. The figure also compared favorably with 92 cents per share in the year-ago quarter. TCBI’s results benefited from higher net interest income (NII) and non-interest income, along with solid loans and deposits balance. However, results were impacted by higher expenses and elevated credit costs. Results exclude certain items. After considering this, net income available to common shareholders (GAAP basis) was $69.5 million, up 62.6% from $42.7 million reported in the year-ago quarter. Total quarterly revenues increased 15.5% year over year to $324 million. Also, the top line surpassed the Zacks Consensus Estimate by 1.4%. NII was $254.7 million, which rose 7.9% year over year. The increase was mainly driven by growth in average earning assets and a decline in funding costs. Net interest margin (“NIM”) expanded 24 basis points year over year to 3.43%. Non-interest income increased 55.9% year over year to $69.3 million. The rise was primarily driven by higher service charges on deposit accounts, wealth management and trust fee income, brokered loan fees, trading income, investment banking and advisory fee income and other income. Non-interest expenses rose 5.2% year over year to $213.6 million. The increase was mainly due to higher salaries and benefits, occupancy expense, communications and technology expenses, and other non-interest expenses, partially offset by lower legal and professional expenses, marketing expenses and FDIC insurance assessment expense. As of March 31, 2026, loans held for investment totaled $18.2 billion compared with $17.9 billion as of Dec. 31, 2025. Total deposits were $28.5 billion, up from $26.4 billion in the prior quarter. Net charge-offs were $17.4 million in the first quarter of 2026, up from $9.8 million in the year-ago quarter. Provision for credit losses aggregated to $16.0 million, down from $17.0 million in the first quarter of 2025. Total non-performing assets rose to $166.3 million from $93.6 million in the year-ago quarter. The ratio of non-accrual loans held for investment to total loans held for investment was 0.58% compared with 0.42% in the first quarter of 2025. As of March 31, 2026, the common equity tier 1 (CET1) ratio was 12%, up from 11.6% in the year-ag...

Columbia Banking System COLB posted first-quarter 2026 operating earnings of 72 cents per share, beating the Zacks Consensus Estimate of 68 cents. The figure improved 7.5% from 67 cents in the prior-year quarter. Net income (GAAP) was $192 million compared with $87 million in the year-ago quarter. Quarterly results reflected higher net interest income (NII) and a rise in non-interest income. However, higher provisions and non-interest expenses were the undermining factors. Total revenues came in at $677 million, up 37.9% year over year. The metric also beat the Zacks Consensus Estimate of $673.1 million. COLB’s NII was $594 million, up 39.8% from the first quarter of 2025. The increase reflects the larger balance sheet following the Pacific Premier acquisition and a more profitable mix of assets and liabilities during the period. The net interest margin expanded 36 basis points year over year to 3.96%. Funding costs were lower than the year-ago quarter, with the cost of interest-bearing deposits at 2.04%, improving 48 basis points from 2.52%. The company also cited active management of deposit rates and mix as contributing factors. Columbia’s non-interest income was $83 million, up 25.8% from the year-ago level. Within the quarter, management noted that customer activity typically slows in the first quarter, which weighed on certain customer-driven categories such as swap, syndication and international banking revenues versus the immediately preceding quarter. Columbia Banking System’s non-interest expenses were $394 million, up 15.9% from the first quarter of 2025. The year-over-year increase reflected higher costs across several categories on a larger operating base, including salaries and employee benefits of $196 million, up 35.2% from $145 million. Merger and restructuring expenses were $24 million, up from $14 million in the year-ago quarter. Even so, management highlighted that acquisition-related cost savings are being realized as system conversions and branch consolidations were completed in the first quarter of 2026, and the company expects to realize the previously disclosed cost savings by June 30, 2026. As of March 31, 2026, loans and leases were $47.7 billion, down marginally sequentially. The decline reflected continued expected run-off in below-market-rate transactional loans, partially offset by growth in commercial loans. Total deposits dec...

Huntington Bancshares Incorporated HBAN reported first-quarter 2026 adjusted earnings per share (EPS) of 37 cents, which surpassed the Zacks Consensus Estimate of 36 cents. In the prior-year quarter, the company reported EPS of 34 cents. Shares of HBAN gained nearly 1.2% in the early trading session on better-than-expected results. A full day’s trading session will provide a clearer picture. Results reflected improvements in net interest income (NII) and non-interest income. Also, an increase in loan and deposit balances was a tailwind. However, an increase in non-interest expenses and higher provisions acted as a spoilsport. The result excluded 12 cents per share of the after-tax impact of notable Items. After considering this, the net income attributable to common shareholders (GAAP basis) was $523 million in the quarter, which decreased from $527 million reported in the prior-year quarter. Total quarterly revenues (on a fully taxable-equivalent or FTE basis) increased 34% year over year to $2.59 billion in the first quarter. The top line missed the Zacks Consensus Estimate of $2.60 billion. NII (FTE basis) was $1.91 billion, up 33% from the prior-year quarter’s tally. The increase was primarily driven by higher average earning assets and an expansion in net interest margin (NIM). NIM rose 14 basis points year over year to 3.24%. Non-interest income climbed 38% year over year to $682 million. The upside was driven by a rise in almost all the components of non-interest income except leasing revenue. Non-interest expenses surged 54% year over year to $1.77 billion. The rise was mainly due to an increase in almost all cost components, except deposit and other insurance expenses and lease financing equipment depreciation. The efficiency ratio was 67.2%, up from 58.9% in the year-ago quarter. An increase in the efficiency ratio indicates lower profitability. As of March 31, 2026, average loans and leases at Huntington rose 19% sequentially to $174.2 billion. Average total deposits increased 18% sequentially to $204.6 billion. Net charge-offs were $111 million, up from $86 million reported in the prior-year quarter. The quarter-end allowance for credit losses increased to $3.37 billion from $2.48 billion in the prior-year quarter. Total non-performing assets were $1.36 billion as of March 31, 2026, up from $804 million in the prior-year quarter. Net charge-offs/...

BankUnited, Inc. BKU reported first-quarter 2026 earnings of 83 cents per share, which missed the Zacks Consensus Estimate of 97 cents. The bottom line was up 3.4% from the prior-year quarter. Results were primarily hurt by a rise in non-interest expenses and higher provisions for credit losses. A decline in loan balance was also a headwind. However, growth in net interest income (NII) and fee income provided some support. Also, a modest increase in deposit balance acted as a tailwind. Net income totaled $61.9 million, up 5.8% from the year-ago quarter. Our estimate for the metric was $70.4 million. Quarterly net revenues were $273.7 million, up 7.2% year over year. However, the top line missed the Zacks Consensus Estimate of $284.7 million. In the reported quarter, NII was $249 million, which rose 6.8%. Net interest margin (NIM) expanded 18 basis points (bps) to 2.99%. Our estimates for NII and NIM were $256.4 million and 3.07%, respectively. Non-interest income of $24.7 million increased 10.9% from the prior-year quarter. The rise was mainly driven by higher deposit service charges and fees, gains on investment securities and other non-interest income. We had projected a non-interest income of $26.5 million. Non-interest expenses increased 4.5% to $167.3 million. The rise was due to higher employee compensation and benefits costs and other non-interest expenses, partially offset by lower depreciation of operating lease equipment costs, deposit insurance benefit, occupancy and equipment costs and technology costs. Our estimate for non-interest expenses was $172.4 million. As of March 31, 2026, total loans were $24.1 billion, down marginally from the prior quarter. Total deposits amounted to $29.4 billion, slightly up from the previous quarter. Our estimates for total loans and total deposits were $24.1 billion and $28.8 billion, respectively. In the reported quarter, BankUnited recorded a provision for credit losses of $24.6 million, up 62.9% from $15.1 million in the prior-year quarter. We had expected the metric to be $15.4 million. As of March 31, 2026, the ratio of net charge-offs to average loans was 0.61%, up 28 bps year over year. Also, the non-performing assets ratio was 0.79%, up 3 bps. As of March 31, 2026, the Common Equity Tier 1 risk-based capital ratio was 12.2%, the same as of March 31, 2025. The total risk-based capital ratio was 14%, down f...

Bank OZK OZK reported first-quarter 2026 adjusted earnings per share of $1.44, which missed the Zacks Consensus Estimate of $1.46. Also, the bottom line declined 2% year over year. Results were primarily hurt by higher provisions for credit losses and a rise in operating expenses. A decline in non-interest income also acted as a headwind. Nevertheless, solid net interest income (NII) growth supported the top line. Healthy loans and deposits balance provided support. Net income available to common shareholders was $159.3 million, down 5.1% from the year-ago quarter’s $167.9 million. Our estimate for the metric was $162.4 million. Net revenues were $418.1 million, up 2.2% year over year. The top line missed the Zacks Consensus Estimate of $421.9 million. NII was $385.6 million, up 3% year over year. Our estimate for the metric was $386.5 million. The net interest margin (NIM), on a fully-taxable-equivalent basis, contracted 11 basis points year over year to 4.20%. Our estimate for NIM was 4.21%. Non-interest income was $32.5 million, down 6.3% from the year-ago quarter. Our estimate for the metric was $35.4 million. Non-interest expenses were $164.5 million, up 12% from the prior-year quarter. The increase was driven by higher salaries and employee benefits, net occupancy and equipment costs, and other operating expenses. We expected this metric to be $158.5 million. Bank OZK’s efficiency ratio was 38.96%, up from 35.60% in the year-ago quarter, indicating reduced profitability. As of March 31, 2026, total loans were $33 billion, up 2% from the prior quarter. Total deposits were $33.8 billion, reflecting a 1.1 % increase. Our estimates for total loans and deposits were $32.1 billion and $35.1 billion, respectively. Net charge-offs to average total loans grew to 0.57% from 0.25% in the year-ago quarter. Provision for credit losses was $41.9 million, rising 9.2% year over year. We projected provisions of $47.4 million. The ratio of non-performing loans to total loans was 0.90% as of March 31, 2026, up from 0.20% a year ago. At the end of the first quarter, return on average assets was 1.58%, down from 1.77% in the year-earlier quarter. Return on average common equity also declined to 11.06% from 12.52%. Bank OZK continues to benefit from steady loan growth and solid net interest income generation. However, elevated operating expenses, and worsening asset quality...

First Horizon’s first quarter results reflected ongoing momentum in its core businesses despite revenue falling slightly short of Wall Street expectations. Management attributed the quarter’s performance to robust growth in commercial and industrial (C&I) lending, disciplined deposit pricing, and continued relationship banking across its regional footprint. CEO D. Bryan Jordan highlighted the strength of C&I pipelines, stating, “We still see a continuation of what we saw building in 2025, which is business owners and leaders looking to grow, invest, and build.” The company also noted improved profitability metrics, driven by a focus on deepening client relationships and optimizing the balance sheet. Is now the time to buy FHN? Find out in our full research report (it’s free). Revenue: $865 million vs analyst estimates of $872.1 million (6.1% year-on-year growth, 0.8% miss) Adjusted EPS: $0.53 vs analyst estimates of $0.50 (6.7% beat) Adjusted Operating Income: $345 million vs analyst estimates of $356.6 million (39.9% margin, 3.3% miss) Market Capitalization: $11.74 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Jon Glenn Arfstrom (RBC Capital Markets) asked about C&I pipeline strength amid macro uncertainty. CEO D. Bryan Jordan noted pipelines remain strong, with limited impact from global events, and optimism for continued growth in 2026. Michael Edward Rose (Raymond James) inquired about deposit competition and pricing. CFO Hope Dmuchowski explained that deposit costs may trend up slightly without further rate cuts, but competitive discipline and new-to-bank activity should keep increases manageable. Jared David Shaw (Barclays) questioned whether AI-driven cost savings are embedded in profitability targets. Dmuchowski clarified that guidance is based on revenue growth from deepening relationships, with no explicit cost savings from AI factored in. Casey Haire (Autonomous) asked about asset yield repricing and net interest margin (NIM) outlook. D. Bryan Jordan and Dmuchowski described over $6 billion in assets set to reprice in 2026, supporting margin stability despite modest deposit cost pressures. Berna...

BOK Financial Corporation's BOKF first-quarter 2026 earnings of $2.58 per share surpassed the Zacks Consensus Estimate of $2.30. The bottom line jumped 38.7% from the prior-year quarter. BOKF’s results benefited from higher net interest income (NII) and total fees and commissions. An increase in loans was another positive. However, the rise in operating expenses was a major undermining factor. Net income attributable to shareholders was $155.7 million, which rose 30% year over year. Quarterly net revenues of $553.8 million (net interest income and total other operating revenues) rose 10.3% year over year. The top line surpassed the Zacks Consensus Estimate of $546.8 million. Net interest income was $342.6 million, up 8.3% year over year. The net interest margin expanded 12 basis points to 2.90%. Total fees and commissions were $209.8 million, up 13.9% year over year. The rise was driven by an increase in almost all components except other revenues. Total other operating expenses were $354.2 million, up 1.9% year over year. This rise was mainly driven by business promotion, professional fees and services, net occupancy and equipment, data processing and communications, printing, postage, and supplies, mortgage banking costs and other expense. The efficiency ratio was 63.21% compared with the prior year quarter’s 68.31%. A fall in the efficiency ratio indicates a rise in profitability. As of March 31, 2026, total loans were $26.2 billion, up 2.1% from the prior quarter. The increase was driven by growth in commercial loans, commercial real estate loans and loans to individuals. Total deposits were $38.7 billion, down 1.9% sequentially. The decline was due to lower demand and interest-bearing transaction deposits, partially offset by growth in time and savings deposits. As of March 31, 2026, non-performing assets were $60 million or 0.23% of outstanding loans and repossessed assets compared with $85.3 million or 0.36% in the prior-year quarter. The company recorded nil provisions for credit losses, unchanged from the prior-year quarter. The company recorded net charge-offs of $1.9 million compared with $1.1 million in the year-ago quarter. The allowance for loan losses was 1.06% of outstanding loans as of March 31, 2026, which declined 12 bps from the year-ago quarter. As of March 31, 2026, the common equity Tier 1 capital ratio was 12.61% compared with 13.31%...

First Horizon Corporation FHN posted first-quarter 2026 earnings per share of 53 cents, surpassing the Zacks Consensus Estimate of 49 cents. This compares favorably with 42 cents in the year-ago quarter. Results benefited from higher net interest income (NII) and a rise in non-interest income, along with improved credit quality. However, the rise in expenses remains a headwind. Net income available to its common shareholders was $257 million, up 21% year over year. Total quarterly revenues were $862 million, which increased 6% year over year. The top line missed the Zacks Consensus Estimate of $866 million. NII increased 6% year over year to $667 million. Additionally, the net interest margin expanded 10 basis points from the prior-year quarter to 3.52%. Non-interest income was $195 million, rising 7% year over year. Growth was driven by higher service charges and fees, mortgage banking revenues, brokerage, trust and insurance income, and fixed income revenues. Non-interest expenses increased 4% year over year to $505 million. The rise was mainly due to higher salaries and benefits, occupancy and equipment costs, and outside services expenses. The efficiency ratio was 58.54%, down from 60.06% in the same quarter last year. A decline in the efficiency ratio indicates improved profitability. Average loans and leases were $63.2 billion, rising 3% year over year. Average deposits were $66.2 billion, which increased 3% year over year. Non-performing loans and leases totaled roughly $606 million, slightly lower than the prior-year quarter. The allowance for credit losses to loans and leases ratio was 1.28%, down from 1.45% in the year-ago quarter. Net charge-offs were $29 million, relatively stable year over year. Provision for credit losses was $15 million compared with $40 million in the year-ago quarter. The common equity tier 1 (CET1) ratio was 10.5%, down from 10.9% in the year-ago quarter. The total capital ratio was 13.7%, down from 14.1% a year ago. The tier 1 leverage ratio improved slightly to 10.6% from 10.5% in the prior-year quarter. Notably, the company repurchased $233 million worth of shares during the quarter. First Horizon benefited from solid revenue growth, higher net interest income, improving margins and steady fee income growth. However, rising expenses and lower capital ratios remain concerns. Credit metrics were relatively stable but warra...

This article first appeared on GuruFocus. Adjusted ROTCE: 15.1%, increased over 200 basis points year-over-year. Return on Average Assets: 1.30%, up 19 basis points from the first-quarter last year. Net Interest Income Growth: 6% year-over-year. Loan Portfolio Growth: 3% year-over-year. Earnings Per Share: $0.53, an increase of $0.11 over the first-quarter of 2025. C&I Portfolio Growth: $624 million in the quarter. Adjusted Pre-Provision Net Revenue Improvement: 8% compared to the first-quarter of 2025. Net Charge-Offs: $29 million, with a net charge-off ratio of 18 basis points. Provision for Credit Losses: $15 million in the quarter. CET1 Ratio: 10.53%, driven by buyback activity and loan growth. Series H Preferred Stock Issuance: $400 million, increasing Tier 1 capital ratio to 11.95%. Tangible Book Value Per Share: $14.34, up 9% year-over-year. Share Buybacks: Approximately $230 million of common shares bought back during the quarter. Interest-Bearing Deposit Rate: Decreased to 2.28% from 2.53% in the prior quarter. Fee Income Performance: Decreased $12 million from the prior quarter, up $13 million year-over-year. Adjusted Expenses: Decreased $32 million from the prior quarter. Warning! GuruFocus has detected 2 Warning Sign with TRX. Is FHN fairly valued? Test your thesis with our free DCF calculator. Release Date: April 15, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. First Horizon Corp (NYSE: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 (NYSE: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,...

For the quarter ended March 2026, First Horizon National (FHN) reported revenue of $862 million, up 6.2% over the same period last year. EPS came in at $0.53, compared to $0.42 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $866.27 million, representing a surprise of -0.49%. The company delivered an EPS surprise of +8.54%, with the consensus EPS estimate being $0.49. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how First Horizon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average Balance - Total interest earning assets: $76.91 billion compared to the $77.15 billion average estimate based on three analysts. Efficiency Ratio: 58.5% versus the three-analyst average estimate of 59.2%. Net Interest Margin (FTE): 3.5% compared to the 3.5% average estimate based on three analysts. Total nonperforming loans and leases: $606 million versus $602 million estimated by two analysts on average. Net charge-off ratio: 0.2% versus the two-analyst average estimate of 0.2%. Net Interest Income: $667 million versus $658.33 million estimated by three analysts on average. Total Non-Interest Income: $195 million versus the three-analyst average estimate of $207.71 million. Net interest income (FTE): $670 million versus the two-analyst average estimate of $656.03 million. View all Key Company Metrics for First Horizon here>>> Shares of First Horizon have returned +11% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Horizon Corporation (FHN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment R...