First Horizon Corporation (FHN:NYSE) reported its Q1 results, with EPS of $0.38 coming in above the Street estimate of $0.35.

Analysts at RBC Capital provided their view on the company following the results, stating that the company’s acquisition by TD will close later this year or early 2023.

The analysts view the trends in First Horizon’s stand-alone Q1 fundamentals as reasonable, given that strong credit continues to support earnings while core loan growth continues to improve and the core margin showed stability.