First Horizon Corporation (NYSE:FHN) is a regional financial services company that provides services in banking, wealth management, and capital markets. The company operates primarily in the Southern United States. It competes with other regional banks by focusing on relationship banking and offering a range of financial products to both individual and business clients.
On April 15, 2026, First Horizon Corporation reported strong first-quarter results. The company announced quarterly earnings of $0.53 per share, which surpassed the analyst consensus estimate of $0.49. As highlighted by PR Newswire, this represents a $0.11 increase from the $0.42 per share earned in the same quarter of the previous year.
The company also reported quarterly revenue of $869.16 million, beating the analyst estimate of $868.92 million. This performance shows year-over-year growth from the $812 million in revenue reported in the first quarter of 2025. According to Zacks Investment Research, First Horizon Corporation has now exceeded consensus earnings estimates for four consecutive quarters.
Management credits the performance to disciplined business execution. The company's tangible book value per share, a measure of a company's value if it were liquidated, increased by 9% year-over-year. First Horizon Corporation also delivered an adjusted return on tangible common equity of over 15% for the third straight quarter, a key indicator of profitability.
From a valuation standpoint, First Horizon Corporation has a price-to-earnings (P/E) ratio of 12.08. The company maintains a debt-to-equity ratio of 0.52, which indicates its level of debt compared to shareholder equity. Its current ratio, a measure of its ability to pay short-term obligations, stands at 0.96.
