First Horizon Corporation (FHN) Earnings Call Transcripts

First Horizon Corporation's Latest Earnings Call - June 10, 2026

In Q2 2026, First Horizon Corporation (FHN:US) reported a 6% year-over-year increase in net interest income (NII) alongside a 3% growth in loans, indicating strong operational performance despite competitive pressures. The company maintained its guidance for the fiscal year, emphasizing a focus on achieving $100 million in positive pre-provision net revenue (PPNR) from existing portfolios. Management expressed confidence in sustaining a return on tangible common equity (ROTCE) above 15%, supported by strategic investments in technology and deepening client relationships.

Reported metrics

Guidance from management

First Horizon maintained its revenue guidance for the fiscal year, emphasizing confidence in achieving $100 million in PPNR and sustaining ROTCE above 15%. No changes to previous guidance were indicated.

What management said

No, I'd say it's early in the deposit competition season, but I would say maybe in line, a little slower than last year but not like we saw in 2023. We were able to raise $6 billion of deposits in 30 days with a top of market rate. Customers have gotten used to moving their money that they have multiple accounts open. It's just a different environment. So it's much harder to get the lift no matter what your rate is.

Well, I sure hope it will. That's our goal. As we mentioned earlier, we're really proud of the fact that we grew loans 3% and NII, 6% year-over-year. That continues to be our focus is how do we get more out of the portfolio, how do we continue to use repricing and opportunity to get in front of a client to drive a higher return on equity for our shareholders. We've been able to -- because of the health of the Southea...

What analysts pressed on

Analysts expressed concerns regarding the competitive landscape and pressures on deposit pricing. There were questions about how the bank plans to manage costs while attracting deposits in a competitive environment.

Main topics on the call

• NII Growth and Loan Performance — First Horizon achieved a 6% year-over-year growth in net interest income (NII) and a 3% increase in loans, demonstrating effective asset management. CFO Hope Dmuchowski stated, "We grew loans 3% and NII, 6% year-over-yea...
• Client Sentiment and Economic Outlook — Management reported that client sentiment remains positive, particularly in the Southeast, which is outpacing GDP growth. Dmuchowski noted, "Our customers have really gotten used to just working through whatever is comin...
• Competitive Landscape — The bank acknowledged increasing competition in the Southeast, particularly in fast-growing cities like Nashville and Charlotte. Dmuchowski remarked, "Competition in banking is no harder today than it was a decade ago," ...
• Investment in Technology and AI — First Horizon is investing in technology and AI to enhance operational efficiency and client service. Dmuchowski mentioned, "We spent 3 years and $100 million reinvesting into our technology, our fraud, our cybersecurity...

Read the full First Horizon Corporation transcript (June 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 59 First Horizon Corporation earnings call transcripts on record, spanning January 17, 2020 to July 15, 2026. Based on this history, First Horizon Corporation reports quarterly. The most recent call on file is dated July 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FHN

Exchange

NYSE

Country

US

Sector

Financials

Industry

Banks

Calls on record

59

First call

January 17, 2020

Most recent

July 15, 2026

Reporting cadence

quarterly