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    Brennan Crowley • Robert W. Baird & Co. Incorporated

    Brennan Crowley's questions to First Horizon Corp (FHN) leadership

    Brennan Crowley's questions to First Horizon Corp (FHN) leadership • Q1 2025

    Question

    Brennan Crowley asked for commentary on trends in Commercial Real Estate (CRE) lending, including competition and the outlook for loan growth given ongoing paydowns and project fund-ups.

    Answer

    Chief Credit Officer Thomas Hung acknowledged good competition in CRE but noted a solid pipeline, focused on construction financing. He cautioned that uncertainty around lumber and steel prices due to tariffs might cause a temporary pause in new project starts. Chairman, President and CEO Bryan Jordan added that while prepayments have been a headwind, the bank remains positive on the business and is well-positioned across its footprint for when activity levels out.

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    Brennan Crowley's questions to First Horizon Corp (FHN) leadership • Q4 2024

    Question

    Brennan Crowley inquired about the strategic trade-off between share buybacks and further securities portfolio restructuring. He also asked for clarification on the run-rate for service charge income following recent overdraft policy changes.

    Answer

    CEO Bryan Jordan described the Q4 restructuring as an opportunistic move but stressed that the company sees significant value in its stock and will prioritize buybacks for deploying excess capital. CFO Hope Dmuchowski added that the company executed both buybacks and the restructuring in Q4. Regarding service charges, she clarified that a $4 million quarterly impact from overdraft changes is the new run rate, with the remainder of the Q4 decline being due to onetime items.

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