First Horizon Corporation (NYSE:FHN) saw its shares jump 8.34% in premarket trading Wednesday after reporting second-quarter earnings that surpassed Wall Street expectations.
The Memphis-based regional lender posted adjusted earnings per share of $0.45, topping the consensus forecast of $0.42. Net income available to common shareholders on an adjusted basis rose to $229 million, up from $217 million in the first quarter. While revenue came in at $830 million—just shy of the $831.93 million consensus—it still reflected strong top-line performance.
Earnings per share improved sequentially, climbing by $0.03 over Q1, and the sharp rise in share price following the announcement signals renewed investor confidence in First Horizon’s outlook and stability.
“We are pleased with our strong performance this quarter, underscoring our unwavering commitment to safety and soundness, profitability and growth,” said Bryan Jordan, President and CEO of First Horizon. “Our results in the second quarter and first half of the year highlight the strengths of our business model and our geographic footprint.”
Operating across 12 states in the southern U.S., First Horizon reported total assets of $82.1 billion as of June 30, 2025. The bank continues to capitalize on its regional network to drive expansion, even amid diverse economic headwinds.
Quarterly results were also boosted by $3 million in after-tax notable items, a turnaround from a $4 million negative impact from similar items in the prior quarter.
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