First Horizon Tops Q1 Estimates on NII and Fees, Adds Three Acadiana Hires
First Horizon Q1 net interest income and fee income topped estimates, but rising expenses and softer capital ratios tempered gains despite solid revenue growth. The bank also promoted Eddie Buttross to Commercial Banking Group Manager and added Christine Kieu and Melinda Brahan to strengthen its Acadiana market team.
1. Q1 Financial Performance
First Horizon delivered a first-quarter result driven by higher net interest income and fee income, enabling it to exceed analysts’ earnings estimates. However, the bank saw rising operating expenses and a decline in key capital ratios, which moderated the overall profit improvement despite solid revenue growth.
2. Acadiana Market Staffing Updates
In Lafayette, First Horizon strengthened its Acadiana presence by promoting Eddie Buttross to Commercial Banking Group Manager and hiring Christine Kieu as Senior Private Client Relationship Manager and Melinda Brahan as Treasury Management Sales Officer. These moves aim to bolster commercial and treasury management capabilities and support business growth in the region.