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ASB vs FHN
Associated Banc-Corp (ASB) vs First Horizon (FHN) Earnings Preview: Q1 Results on Deck
Key Takeaways
- First Horizon (FHN) reports Q1 2026 earnings on April 15, with consensus EPS of $0.49 and revenue of $869 million.
- Associated Banc-Corp (ASB) follows on April 23, analysts expecting EPS around $0.69 amid 5-6% loan growth guidance.
- Both regional banks showed strong Q4 2025 results: FHN EPS $0.52 (beat), NII $676 million; ASB EPS $0.80, record NII $310 million.
- FHN boasts larger scale with $84 billion assets vs. ASB's $45 billion, but ASB delivered higher ROTCE (return on tangible common equity, a profitability measure) over 15%.
- NIM (net interest margin, the spread between interest income and funding costs) stable at 3.5% for FHN and 3.06% for ASB in Q4.
- Guidance points to continued growth: ASB eyes 5.5-6.5% full-year NII rise; both benefit from deposit stability and C&I (commercial and industrial) loan momentum.
Earnings Context and Why This Comparison Matters
Quarterly earnings remain a critical gauge for regional banks like Associated Banc-Corp (ASB) and First Horizon (FHN), revealing resilience amid interest rate shifts and economic uncertainty. Both operate in the Midwest and Southeast, competing in commercial banking, consumer lending, and wealth management. FHN's larger footprint ($84 billion assets) offers diversification, while ASB ($45 billion assets) emphasizes Wisconsin roots with strong deposit growth. Comparing their Q1 2026 reports highlights execution on NII growth, credit quality, and efficiency, key for investors eyeing regional bank stability and yield potential.
First Horizon Focus
First Horizon (FHN) will disclose Q1 2026 results on April 15, before market open, followed by a 9:30 a.m. ET conference call. Analysts project EPS of $0.49 (up from $0.43 YoY) and revenue near $869 million, with NII around $658 million. Q4 2025 set a solid tone: EPS $0.52 (beat by $0.06), revenue $892 million, NII $676 million (up slightly QoQ), NIM 3.51%, and ROTCE 15%. Loans hit $64 billion (+2% QoQ), deposits $67.5 billion. Focus areas include deposit costs (down to 2.53% in Q4), mortgage warehouse lending, and credit metrics (NCOs or net charge-offs low). Full-year 2025 NIAC (net income available to common) rose 29% to $956 million.
Associated Banc-Corp Context
Associated Banc-Corp (ASB) reports Q1 2026 on April 23, after close, with a 4 p.m. CT call. Consensus eyes EPS $0.69, buoyed by 2026 guidance (ex-acquisition): 5-6% loan/deposit growth, NII +5.5-6.5%, noninterest income +4-5%. Q4 2025 shone with record EPS $0.80, NII $310 million (+15% annual), NIM 3.06%, ROTCE 15%. Loans reached $31.2 billion (+5% YoY), core deposits $29.6 billion (+3% YoY), assets $45.2 billion. C&I loans drove momentum (+11% YoY), provisions fell to $7 million, NCOs 3 bps. Full-year earnings hit $463 million record.
Head-to-Head Earnings and Market Comparison
FHN edges in scale (market cap ~$11.5B vs. ASB's $5B; assets 84x vs. 45x; loans 64x vs. 31x; deposits 67x vs. 36x), supporting diversified revenue but exposing to broader risks like mortgage exposure. ASB counters with superior profitability (2025 EPS $2.77 vs. FHN $1.89; higher ROTCE) and nimble growth (C&I focus). Both stabilized NIM amid rate cuts—FHN 3.51%, ASB 3.06%—with deposit betas easing. Credit strong: low NCOs (FHN ~16 bps ex-PCD or purchased credit deteriorated; ASB 12 bps annual). Sentiment favors FHN's size for M&A appeal, but ASB's efficiency (expense growth 3% guided) signals upside. Risks include economic slowdowns hitting loans, though CET1 ratios (FHN 10.6%, ASB 10%) provide buffers.
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Tickeron AI Verdict
Tickeron AI leans toward ASB (~60% probability) for superior earnings quality (higher EPS, ROTCE), trend strength (NII records), and positioning (growth guidance), though FHN's scale offers stability in volatility.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer. Disclaimers and Limitations
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is ASB is a Buy and FHN is a Buy.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
ASB’s FA Score shows that 2 FA rating(s) are green whileFHN’s FA Score has 1 green FA rating(s).
- ASB’s FA Score: 2 green, 3 red.
- FHN’s FA Score: 1 green, 4 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
ASB’s TA Score shows that 5 TA indicator(s) are bullish while FHN’s TA Score has 5 bullish TA indicator(s).
- ASB’s TA Score: 5 bullish, 4 bearish.
- FHN’s TA Score: 5 bullish, 2 bearish.
Price Growth
ASB (@Regional Banks) experienced а +0.55% price change this week, while FHN (@Regional Banks) price change was +0.32% for the same time period.
The average weekly price growth across all stocks in the @Regional Banks industry was +1.31%. For the same industry, the average monthly price growth was +5.68%, and the average quarterly price growth was +13.55%.
Reported Earning Dates
ASB is expected to report earnings on Jul 23, 2026.
FHN is expected to report earnings on Jul 15, 2026.
Industries' Descriptions
@Regional Banks (+1.31% weekly)Regional banks have a smaller reach than major banks, and cater mostly to one region of a country, such as a state or within a group of states. They offer services often similar – albeit with some limitations/smaller scale – compared to major banks. Taking deposits, making loans, mortgages, leases, credit cards , fund management, insurance and investment banking. SunTrust Banks, State Street Corp., M&T Bank Corp. are some examples of U.S. regional banks.
| ASB | FHN | ASB / FHN | |
| Capitalization | 5.65B | 11.8B | 48% |
| EBITDA | N/A | N/A | - |
| Gain YTD | 16.101 | 5.326 | 302% |
| P/E Ratio | 10.20 | 12.47 | 82% |
| Revenue | 1.52B | 3.37B | 45% |
| Total Cash | 465M | 889M | 52% |
| Total Debt | 4.01B | 3.29B | 122% |
ASB | FHN | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 29 | 23 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 25 Undervalued | 43 Fair valued | |
PROFIT vs RISK RATING 1..100 | 42 | 62 | |
SMR RATING 1..100 | 22 | 14 | |
PRICE GROWTH RATING 1..100 | 44 | 47 | |
P/E GROWTH RATING 1..100 | 97 | 62 | |
SEASONALITY SCORE 1..100 | 50 | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
ASB's Valuation (25) in the Regional Banks industry is in the same range as FHN (43). This means that ASB’s stock grew similarly to FHN’s over the last 12 months.
ASB's Profit vs Risk Rating (42) in the Regional Banks industry is in the same range as FHN (62). This means that ASB’s stock grew similarly to FHN’s over the last 12 months.
FHN's SMR Rating (14) in the Regional Banks industry is in the same range as ASB (22). This means that FHN’s stock grew similarly to ASB’s over the last 12 months.
ASB's Price Growth Rating (44) in the Regional Banks industry is in the same range as FHN (47). This means that ASB’s stock grew similarly to FHN’s over the last 12 months.
FHN's P/E Growth Rating (62) in the Regional Banks industry is somewhat better than the same rating for ASB (97). This means that FHN’s stock grew somewhat faster than ASB’s over the last 12 months.
| ASB | FHN | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 72% | N/A |
| Stochastic ODDS (%) | 2 days ago 63% | 2 days ago 54% |
| Momentum ODDS (%) | 2 days ago 66% | 2 days ago 51% |
| MACD ODDS (%) | 2 days ago 66% | 2 days ago 62% |
| TrendWeek ODDS (%) | 2 days ago 60% | 2 days ago 51% |
| TrendMonth ODDS (%) | 2 days ago 56% | 2 days ago 53% |
| Advances ODDS (%) | 2 days ago 60% | 12 days ago 57% |
| Declines ODDS (%) | 23 days ago 61% | N/A |
| BollingerBands ODDS (%) | 2 days ago 61% | 2 days ago 56% |
| Aroon ODDS (%) | 2 days ago 52% | 2 days ago 49% |
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ASB and
Correlation & Price change
A.I.dvisor indicates that over the last year, ASB has been closely correlated with FNB. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if ASB jumps, then FNB could also see price increases.
FHN and
Correlation & Price change
A.I.dvisor indicates that over the last year, FHN has been closely correlated with HWC. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if FHN jumps, then HWC could also see price increases.