First Horizon Corporation reported a net income of $233 million for the second quarter of 2025, translating to earnings of $0.45 per diluted share, an increase from $184 million or $0.34 per diluted share in the same quarter of the previous year. The company's net interest income rose to $641 million, up $10 million from the first quarter of 2025 and $12 million from the second quarter of 2024, primarily driven by loan growth, particularly in loans to mortgage companies. The provision for credit losses decreased to $30 million from $40 million in the previous quarter and $55 million a year earlier, reflecting improved asset quality.
Total loans and leases reached $63.3 billion as of June 30, 2025, marking a $695 million increase from the end of 2024. This growth was largely attributed to a $931 million rise in the commercial and industrial (C&I) portfolio, which includes loans to mortgage companies. However, the commercial real estate (CRE) segment saw a decline of $485 million. The company’s nonperforming loans decreased to $593 million, contributing to a reduction in the nonperforming loans ratio to 0.94% from 0.96% at the end of 2024.
In terms of operational metrics, First Horizon's total deposits remained stable at $65.6 billion, with a slight increase in interest-bearing deposits offset by a decrease in noninterest-bearing deposits. The company’s Common Equity Tier 1 ratio was reported at 10.99%, down from 11.20% at the end of 2024, while total equity increased to $9.3 billion, reflecting net income and changes in accumulated other comprehensive income.
Strategically, First Horizon has been active in managing its capital structure, having redeemed $350 million in senior notes and announced the redemption of its Series B Preferred Stock, which had a carrying value of $77 million. The company continues to focus on maintaining a well-capitalized position while navigating the competitive landscape for deposits, particularly in light of recent interest rate fluctuations and economic uncertainties. Looking ahead, First Horizon anticipates continued growth in its loan portfolio and a stable capital position, although it remains vigilant regarding potential economic challenges.
About FIRST HORIZON CORP
First Horizon Corporation is a Tennessee-based bank holding company providing diversified financial services through its subsidiary, First Horizon Bank. Its core activities include commercial and consumer banking, mortgage lending, fixed income/capital markets, wealth management, and insurance brokerage. Serving clients across the U.S., the company emphasizes relationship-based banking, fee and interest income, and competitive technology-driven delivery channels. It operates a broad network of banking centers and specialized offices, focusing on risk management and strategic growth.
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