WS News
17 Apr 2025, 10:10
First Horizon Q1 2025 Summary:
- Net income to common shareholders: $213M (up from $158M in Q4)
- EPS: $0.41 (up $0.12); adjusted EPS: $0.42 (down $0.01)
- Net interest income: $634M, flat; margin rose to 3.42% (up 9 bps)
- Noninterest income: $181M (up $82M); adjusted down $9M
- Noninterest expense: $488M (down $21M); adjusted $482M (down $24M)
- Provision for credit losses: $40M (up from $10M)
- Net charge-offs: $29M vs $13M prior
- Loans: $62.2B (down $350M); deposits: $64.2B (down $1.4B)
- CET1 ratio: 10.9% (down 27 bps)
- ROAA: 1.11%, ROTCE: 12.8%, efficiency ratio: 60.1%
- Notable items: $4M after-tax, mainly Visa derivative expense and FDIC fee
- Net income to common shareholders: $213M (up from $158M in Q4)
- EPS: $0.41 (up $0.12); adjusted EPS: $0.42 (down $0.01)
- Net interest income: $634M, flat; margin rose to 3.42% (up 9 bps)
- Noninterest income: $181M (up $82M); adjusted down $9M
- Noninterest expense: $488M (down $21M); adjusted $482M (down $24M)
- Provision for credit losses: $40M (up from $10M)
- Net charge-offs: $29M vs $13M prior
- Loans: $62.2B (down $350M); deposits: $64.2B (down $1.4B)
- CET1 ratio: 10.9% (down 27 bps)
- ROAA: 1.11%, ROTCE: 12.8%, efficiency ratio: 60.1%
- Notable items: $4M after-tax, mainly Visa derivative expense and FDIC fee
