First Horizon Corp (FHN) delivered a solid earnings beat on Thursday, the kind of quarter that typically makes investors happy and analysts reach for their price target spreadsheets.
The company posted quarterly earnings of 52 cents per share, comfortably ahead of the 46-cent consensus estimate. Revenue also exceeded expectations at $888 million versus the $859.3 million analysts were penciling in. It's the kind of clean beat on both top and bottom lines that tends to generate positive momentum.
Chairman, President and CEO Bryan Jordan seemed pleased with the results. "We are pleased to report a strong fourth quarter performance to close out an outstanding 2025 for First Horizon," he said. "Consistent execution of our strategy across the organization has driven tremendous earnings growth throughout the year, resulting in an earnings per share of $0.52 in the fourth quarter."
The earnings beat prompted four analysts to adjust their outlook on the regional bank. Here's how they responded:
- Keefe, Bruyette & Woods analyst Christopher McGratty maintained a Market Perform rating and raised his price target from $24 to $25.
- Stephens & Co. analyst Russell Gunther kept an Overweight rating and boosted his target from $28 to $29.
- TD Cowen analyst Janet Lee stuck with a Hold rating while raising her price target from $26 to $27.
- DA Davidson analyst Peter Winter maintained a Neutral rating and increased his target from $25 to $27.
Despite the upbeat earnings and analyst upgrades, First Horizon shares fell 1.1% to trade at $24.17 on Friday. Sometimes the market has a funny way of responding to good news, or perhaps investors were looking for something even more spectacular. Either way, the analyst community seems more optimistic about where the stock is headed from here.
