First Horizon Sees 7% Revenue Rise to $3.42B, Forecasts Up to 7% Growth
First Horizon reported 2025 net revenues of $3.42 billion, a 7% year-over-year increase driven by a 13.8% CAGR in net interest income and 12.9% loan and 13% deposit growth since 2019. It forecasts 2026 revenues rising 3–7% to $3.6 billion, supported by NII resilience and potential rate cuts.
1. 2025 Financial Performance
First Horizon recorded net revenues of $3.42 billion in 2025, a 7% rise over the previous year. The increase reflected solid growth across lending, deposit services and fee income channels.
2. Key Growth Drivers
Net interest income delivered a six-year CAGR of 13.8%, fueled by lower deposit pricing and higher loan balances. Loans and leases grew at a 12.9% CAGR from 2019 to 2025 while deposits expanded at a 13% CAGR, supported by acquisitions and a diversified portfolio. Federal Reserve rate reductions of 75 basis points in 2025 and potential cuts in 2026 are expected to further bolster NII.
3. 2026 Revenue Outlook
Management projects 2026 revenues to increase 3–7% from $3.42 billion to around $3.6 billion. Consensus estimates align at $3.6 billion, with forecasts driven by continued NII strength, loan expansion, deposit growth and improving fee-based income.