First Horizon (NYSE:FHN) announced robust financial results for the first quarter of 2026, reporting net income available to common shareholders of $257 million.
This performance represents a 21% increase compared to the same period last year.
Diluted earnings per share (EPS) reached $0.53, an improvement of $0.12 over the prior year's first-quarter results.
The bank’s profitability was further highlighted by a rise in return on tangible common equity to 15.1%, while tangible book value per share increased 9% year-over-year.
The Memphis-based lender attributed the strong quarterly performance to a combination of disciplined revenue generation and rigorous expense control.
Throughout the quarter, First Horizon maintained a focus on its core credit culture, which management cited as a critical factor in navigating the current economic landscape.