First Horizon Q1 EPS Beats Forecast at $0.53, Revenue $869M
First Horizon reported Q1 earnings of $0.53 per share, beating estimates of $0.49 and up from $0.42 a year earlier. Revenue rose to $869.16 million from $812 million year-over-year, while tangible book value per share increased 9% and adjusted return on tangible common equity exceeded 15%.
1. First Quarter Earnings Beat
First Horizon reported first-quarter EPS of $0.53, surpassing analysts' forecast of $0.49 and rising from $0.42 in the year-ago period.
2. Revenue Growth and Financial Position
Revenue grew 7% year-over-year to $869.16 million, up from $812 million, supporting an improved price-to-earnings ratio of 12.08 and a debt-to-equity ratio of 0.52 with a current ratio of 0.96.
3. Return on Tangible Equity and Capital Metrics
Tangible book value per share increased by 9%, and adjusted return on tangible common equity exceeded 15% for the third consecutive quarter, reflecting disciplined business execution and strong profitability.