First Horizon Corporation reported strong First Quarter 2025 financial results, with net income available to common shareholders (NIAC) of $213 million, or $0.41 per diluted share. This represents a $0.12 increase from the fourth quarter 2024 NIAC of $158 million.
Adjusted NIAC for the quarter was $217 million, or $0.42 per share. The company's net interest income (NII) in Q1 2025 was $631 million, up $1 million from Q4 2024, driven by lower interest-bearing deposit costs. The net interest margin expanded to 3.42%, a 9 basis point increase from the prior quarter.
Total noninterest expense decreased to $487 million, down $21 million from Q4 2024, reflecting efficient expense management. Asset quality remained stable, with net charge-offs at $29 million, or an annualized 19 basis points. The Common Equity Tier 1 (CET1) ratio was 10.93%, and the company repurchased $365 million of common stock in Q1 2025.
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