Eric's questions to FIRST HORIZON (FHN) leadership • Q2 2025
Question
Eric from Bank of America, on for Ebrahim Poonawala, followed up on the expense guidance in relation to fee income trends, particularly the Average Daily Revenue (ADR). He also asked about the company's plans for its remaining share repurchase authorization, given the different market dynamics compared to the first quarter.
Answer
Senior EVP & CFO Hope Dmuchowski explained that fee income was down due to the yield curve's impact on FHN Financial's ADR. She noted Q3 expenses will see seasonal increases from marketing and the amortization of completed tech projects. On buybacks, she stated that future activity is highly dependent on loan growth, explaining that repurchases were paused in May as loan pipelines strengthened, but she expects to use more of the authorization if loan growth is moderate.