First Horizon Corp (NYSE:FHN) Q4 2025 Earnings Beat Estimates, Fueling Pre-Market Gains

First Horizon Corp (NYSE:FHN) reported its fourth-quarter and full-year 2025 financial results, delivering a performance that exceeded analyst expectations on key profitability metrics. The market's initial reaction, as reflected in pre-market trading, appears positive, suggesting investors are encouraged by the bank's ability to grow earnings amid a complex economic backdrop.

Earnings Exceed Expectations

The core of the report shows First Horizon outperforming consensus estimates for the final quarter of its fiscal year. The company posted both revenue and earnings per share (EPS) figures that came in above what Wall Street had anticipated.

• Reported Q4 Revenue: $888.0 million
• Analyst Estimate for Q4 Revenue: $867.9 million
• Reported Q4 Non-GAAP EPS: $0.52
• Analyst Estimate for Q4 EPS: $0.47

This top-and-bottom-line beat was a key driver in the company's full-year results. For 2025, net income available to common shareholders (NIAC) rose 29% to $956 million, or $1.87 per share. On an adjusted basis, which excludes certain one-time items, NIAC increased 15% to $968 million, or $1.89 per share. Management attributed the strong annual performance to "revenue strength and credit performance."

Market Reaction and Recent Performance

The immediate market response to the earnings release has been favorable. In pre-market trading following the announcement, First Horizon's stock showed notable strength, indicating investor approval of the results. This positive momentum stands in contrast to the stock's performance over recent weeks, which had been relatively flat to slightly negative.

• Pre-Market Reaction: +0.71%
• Last Week's Performance: -2.20%
• Last Month's Performance: +1.35%

The sharp upward move in pre-market activity suggests the earnings report provided a catalyst that outweighed recent tepid sentiment, directly rewarding the company for surpassing quarterly estimates.

Looking Ahead: Analyst Estimates for 2026

While the press release focuses on the strong 2025 results, it does not provide specific forward-looking financial guidance for 2026. However, analyst estimates offer a benchmark for future expectations. The consensus view projects moderate growth in the coming year.

For the full fiscal year 2026, analysts are currently forecasting:

• Estimated Revenue: $3.47 billion
• Estimated EPS: $1.99

For the upcoming first quarter of 2026, the estimates are:

• Estimated Q1 Revenue: $853.7 million
• Estimated Q1 EPS: $0.46

These figures will serve as a critical measuring stick for First Horizon's performance as it moves into the new fiscal year. Investors will be watching to see if the company can maintain its momentum and continue to meet or exceed these projections.

Press Release Highlights

Beyond the earnings figures, the press release underscored the company's sequential stability. Fourth-quarter net income available to common shareholders grew 1% from the third quarter to $257 million ($0.52 EPS), and adjusted NIAC of $259 million ($0.52 EPS) was up 2% from what was described as "strong third quarter results." This indicates the bank is not only growing year-over-year but also maintaining its profitability on a quarterly basis, a sign of operational consistency.

For a detailed breakdown of historical earnings, future estimates, and analyst revisions, you can review the full data on First Horizon's earnings and estimates page.

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