First Horizon (NYSE: FHN) navázala partnerství se společností Greenlight; oprávnění klienti získají tarif Select zdarma, včetně debetních karet a finančních nástrojů pro děti a teenagery.
, /PRNewswire/ -- First Horizon Bank (NYSE: FHN) (or "First Horizon") today announced a partnership with Greenlight Financial Technology, Inc. ("Greenlight") to give First Horizon clients and their families access to Greenlight's family financial app and safety tools. The platform combines debit cards, money management tools and financial education for kids and teens with resources that help parents and caregivers manage family finances.
Greenlight teaches kids and teens how to build healthy money habits by giving them hands-on tools to learn how to earn, save, spend and manage money. Parents and caregivers get greater visibility and control over how their children use and learn about money, and can monitor and protect senior loved ones from financial fraud and theft.
Eligible clients who connect a First Horizon account as their funding source can access Greenlight's Select subscription at no cost. Enhanced Greenlight plans are available at a discount for additional features and family protection.
Greenlight Options and Key Features
Select (free) includes:
Debit cards for up to five children
2% savings reward through Greenlight
Automated allowance and chore management
Quick and easy family money transfers
Interactive financial literacy games
Infinity Select (discounted) adds:
Investing for kids
Family location sharing
Driving reports
SOS alerts
Crash detection
Family Shield Select (discounted) adds:
Account monitoring
Suspicious activity alerts
Identity protection for up to two senior family members
"Many of our clients are looking for ways to help their children build smart financial habits from an early age," said Erin Pryor, Senior Executive Vice President, Chief Marketing and Experience Officer at First Horizon Bank. "Through our partnership with Greenlight, we're excited to offer tools to help children develop healthy finance habits, while providing parents and caregivers resources to support their families and aging loved ones. Together, these solutions can help build stronger financial futures."
"We're thrilled to partner with First Horizon to bring our family finance platform to more families and make tools for financial education, money management and family safety more accessible to their clients," said Matt Wolf, Chief Commercial Officer at Greenlight. "This collaboration furthers Greenlight's commitment to helping families navigate money and life together, across all generations."
Eligible First Horizon clients can enroll by registering through firsthorizon.com and connecting a First Horizon account as their funding source.
About First Horizon Corporation
First Horizon Corp. (NYSE: FHN), with $84.3 billion in assets as of September 30, 2026, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
About Greenlight
Greenlight is a family technology company on a mission to help families navigate money and life together. Through its subscription plans, families get access to the Greenlight app, debit card, GPS-enabled safety devices†, and Family Hub — bringing together financial tools, scam and fraud protection, real-time safety features, and everyday family management in one connected experience for every stage of life. Today, more than 6.5 million family members trust Greenlight to stay in sync.
Greenlight partners with more than 200 leading banks and credit unions to bring its family finance solution to more families through the Greenlight for Banks and Greenlight for Credit Unions.
The Greenlight Debit Card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International. Greenlight Investment Advisors, LLC, an SEC Registered Investment Advisor, provides investment advisory services to its clients. Investing involves risk and may include the loss of principal. Greenlight is a financial technology company, not a bank. The Greenlight app facilitates banking services through Greenlight's bank partners. For more information, please visit: greenlight.com.
†Requires mobile data or a WiFi connection, and access to sensory and motion data from cell phone to utilize safety features including family location sharing and driving alerts and reports. Messaging and data rates and other terms may apply.
First Horizon prodá hypoteční úvěry s nízkým výnosem v objemu zhruba 4,5 mld. USD a kapitál přesune do výnosnějších komerčních úvěrů. Očekává, že tím v roce 2027 zvýší EPS přibližně o 4 %.
On its third quarter of 2026 earnings call, held on Oct. 15, 2026, First Horizon (FHN -0.61%) announced an agreement to sell approximately $4.5 billion of low-yielding residential mortgage loans as part of a balance sheet repositioning. The transaction frees up balance sheet capacity by removing non-relationship assets. This move allows the bank to reinvest capital into higher-yielding commercial client lending. Three key takeaways from management explain how this operational shift creates shareholder value.
1. Selling Non-Core Mortgages Capitalizes Balance Sheet CapacityFirst Horizon is shedding lower-yielding single-product residential loans that carry minimal customer deposits. Replacing these assets creates balance sheet capacity for profitable commercial client relationships.
"This transaction, along with the business line restructuring, is aligned with the strategy we have discussed consistently throughout the past year of prioritizing full client relationships, enhancing the profitability of our balance sheet, and driving improved earnings and returns through the cycle," said
D. Bryan Jordan, Chairman, President and Chief Executive Officer.2. Loan Repositioning Drives Earnings Growth and Capital ReturnManagement expects the portfolio sale to boost earnings per share (EPS) by around 4% in 2027. The company is maintaining its common equity tier 1 (CET1) ratio, a key measure of capital strength, enabling it to resume buying back shares.
Excluding further upside of yields from incremental lending, we expect the transaction to be accretive going forward with 2027 earnings per share benefit of around 4% and improved ROTCE of approximately 150 basis points. Share buybacks will resume in Q4 in line with our CET1 target ratios for the year.
-- Hope Dmuchowski, Executive Vice President and Chief Financial Officer3. Relationship Deposit Growth Strengthens Core Net Interest MarginCustomer deposits grew by more than $1 billion during the quarter, helping offset expensive wholesale funding. This deposit growth supports net interest margin (NIM), which measures the difference between interest earned on loans and interest paid on deposits.
We continue to see momentum with our strategic focus on relationship banking with client deposits up more than $1 billion this quarter and NIM remaining in line with our expectations at 3.48%.
-- Hope Dmuchowski, Executive Vice President and Chief Financial OfficerLooking AheadCommercial loan demand is holding steady, and recent actions increase asset sensitivity for a rising interest rate environment.
The results in the third quarter position First Horizon for continued success. Meaningful upside opportunities, and deepening strategic alignment.
-- D. Bryan Jordan, Chairman, President and Chief Executive OfficerFirst Horizon relies on national specialty lending niches, wealth management partnerships, and treasury management growth to expand pre-provision net revenue (PPNR), which measures profit before taxes and credit losses. Leadership is strategically monitoring deposit pricing discipline.
Reinvesting cash into higher-yielding assets drives long-term returns.
Deployment into incremental lending in the coming quarters and years will further improve these results.
-- Hope Dmuchowski, Executive Vice President and Chief Financial OfficerThe Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
First Horizon ve 3. čtvrtletí vykázala čistou ztrátu 94 milionů USD v důsledku kroků souvisejících s prodejem hypotečního portfolia v hodnotě zhruba 4,5 miliardy USD.
, /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) (or "First Horizon") today reported financial results for the third quarter of a net loss available to common shareholders of $(94) million or loss per share of $(0.20). These results reflect the impact of strategic actions to further align the balance sheet with the Company's growth priorities. During the quarter, the Company began evaluating the possibility of selling ~$4.5 billion of select lower yielding consumer mortgages and, in early October, entered into an agreement to sell these mortgages. This transaction will be accretive to earnings on a go forward basis and will provide balance sheet flexibility to support future loan growth. The transaction is expected to settle early in the fourth quarter.
Excluding notable items, adjusted earnings per share for third quarter 2026 was $0.53, down $0.01 from second quarter 2026 and up $0.02 from third quarter 2025. Reported results include the impacts of notable items totaling $0.73 per share, or $347 million after tax, primarily related to the reclassification of targeted mortgage loans to held for sale in relation to the pending mortgage portfolio sale.
CEO Commentary
"This quarter's results are a testament to our disciplined approach and clear strategic priorities," said Bryan Jordan, Chairman, President and CEO of First Horizon Corporation. "Average client deposit balances increased $1.3 billion in the quarter, and we continue to focus on growing and maintaining full client relationships and deploying capital where it best serves long-term value creation. Looking ahead, we remain committed to executing our strategy and delivering sustainable growth and value for our clients, associates, and shareholders."
Conference Call Information
Analysts, investors and interested parties may call toll-free starting at 8:15 a.m. CT on October 15, 2026, by dialing 1-833-461-5787 (if calling from the U.S.) and entering access code 391 852 446. The conference call will begin at 8:30 a.m. CT.
Participants can also opt to listen to the live audio webcast at https://ir.firsthorizon.com/events-and-presentations/default.aspx.
A replay of the webcast will be available on our website on October 15 and will be archived on the site for one year.
Forward-Looking Statements
This document and the complete 3Q2026 earnings release to which it relates contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to FHN's beliefs, plans, goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results, or other developments. Forward-looking statements often use words such as "believe," "expect," "anticipate," "intend," "estimate," "should," "is likely," "will," "going forward," and other similar expressions that indicate future events and trends. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, operational, economic, and competitive uncertainties and contingencies, many of which are beyond FHN's control, and many of which, with respect to future business decisions and actions (including acquisitions and divestitures), are subject to change and could cause FHN's actual future results and outcomes to differ materially from those contemplated or implied by forward-looking statements or historical performance. While there is no assurance that any list of uncertainties and contingencies is complete, examples of factors which could cause actual results to differ from those contemplated by forward-looking statements or historical performance include those mentioned: in this document; in Items 2.02 and 7.01 of FHN's Current Report on Form 8-K filed with the Securities and Exchange Commission on the date of this release; in the forepart, and in Items 1, 1A, and 7, of FHN's most recent Annual Report on Form 10-K; and in the forepart, and in Item 1A of Part II, of FHN's Quarterly Report(s) on Form 10-Q filed after that Annual Report. Any forward-looking statements made by or on behalf of FHN speak only as of the date they are made, and FHN assumes no obligation to update or revise any forward-looking statements that are made in this document or in any other statement, release, report, or filing from time to time. Actual results could differ and expectations could change, possibly materially, because of one or more factors, including those factors listed in this document or the documents mentioned above, and other factors not listed.
Throughout this document and the complete 3Q2026 earnings release to which it relates, numbers may not total due to rounding, references to EPS are fully diluted, and capital ratios for the most recent quarter are estimates.
Use of non-GAAP Measures and Regulatory Measures that are not GAAP
Certain measures included in this document and the complete 3Q2026 earnings release to which it relates are "non-GAAP," meaning they are not presented in accordance with generally accepted accounting principles in the U.S. and also are not codified in U.S. banking regulations currently applicable to FHN. Although other entities may use calculation methods that differ from those used by FHN for non-GAAP measures, FHN's management believes such measures are relevant to understanding the financial condition, capital position, and financial results of FHN and its business segments. Non-GAAP measures are reported to FHN's management and Board of Directors through various internal reports.
The non-GAAP measures presented in this document and the complete 3Q2026 earnings release to which it relates are fully taxable equivalent measures, pre-provision net revenue ("PPNR"), return on average tangible common equity ("ROTCE"), tangible common equity ("TCE") to tangible assets ("TA"), tangible book value ("TBV") per common share, and various consolidated and segment results and performance measures and ratios adjusted for notable items.
Presentation of regulatory measures, even those which are not GAAP, provide a meaningful base for comparability to other financial institutions subject to the same regulations as FHN, as demonstrated by their use by banking regulators in reviewing capital adequacy of financial institutions. Although not GAAP terms, these regulatory measures are not considered "non-GAAP" under U.S. financial reporting rules as long as their presentation conforms to regulatory standards. Regulatory measures used in this financial supplement include: common equity tier 1 capital ("CET1"), generally defined as common equity less goodwill, other intangibles, and certain other required regulatory deductions; tier 1 capital, generally defined as the sum of core capital (including common equity and instruments that cannot be redeemed at the option of the holder) adjusted for certain items under risk based capital regulations; and risk-weighted assets, which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios.
Refer to the tabular reconciliation of non-GAAP to GAAP measures and presentation of the most comparable GAAP items, beginning on page 19 of FHN's complete 3Q26 earnings release available at https://ir.firsthorizon.com.
First Horizon Corp. (NYSE: FHN), with $84.3 billion in assets as of September 30, 2026, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
* "Adjusted" results, along with return on tangible common equity, tangible book value per share, PPNR, ACL to loans ratio and certain other financial measures, are non-GAAP financial measures. All references to loans include leases. All references to earnings per share are based on diluted shares. NII, total revenue, NIM, and PPNR are presented on a fully taxable equivalent ("FTE") basis. Capital ratios are preliminary. Please see page 3 of our complete 3Q2026 earnings release for information on our use of non-GAAP measures and a reconciliation of these measures to GAAP beginning on page 19 of that release.
Analytici očekávají, že First Horizon (FHN) vykáže čtvrtletní zisk ve výši 0,53 USD na akcii, což představuje meziroční růst o 3,9 %, při očekávaných tržbách 889,7 mil. USD.
Wall Street analysts expect First Horizon National (FHN - Free Report) to post quarterly earnings of $0.53 per share in its upcoming report, which indicates a year-over-year increase of 3.9%. Revenues are expected to be $889.7 million, up 0.1% from the year-ago quarter.
The current level reflects an upward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific First Horizon metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Efficiency Ratio' to come in at 58.1%. Compared to the present estimate, the company reported 61.9% in the same quarter last year.
According to the collective judgment of analysts, 'Net Interest Margin (FTE)' should come in at 3.5%. Compared to the present estimate, the company reported 3.6% in the same quarter last year.
Analysts forecast 'Average Balance - Total interest earning assets' to reach $78.61 billion. Compared to the present estimate, the company reported $76.03 billion in the same quarter last year.
The average prediction of analysts places 'Total nonperforming assets' at $527.00 million. Compared to the current estimate, the company reported $621.00 million in the same quarter of the previous year.
The consensus among analysts is that 'Total nonperforming loans and leases' will reach $525.50 million. Compared to the present estimate, the company reported $605.00 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Total Non-Interest Income' of $202.75 million. Compared to the present estimate, the company reported $215.00 million in the same quarter last year.
The consensus estimate for 'Net interest income (FTE)' stands at $684.87 million. Compared to the present estimate, the company reported $678.00 million in the same quarter last year.
Based on the collective assessment of analysts, 'Net Interest Income' should arrive at $684.00 million. The estimate compares to the year-ago value of $674.00 million.
Analysts' assessment points toward 'Fixed income' reaching $42.73 million. The estimate compares to the year-ago value of $57.00 million.
It is projected by analysts that the 'Brokerage, trust, and insurance' will reach $44.98 million. The estimate compares to the year-ago value of $39.00 million.
Analysts predict that the 'Service charges and fees' will reach $59.45 million. Compared to the current estimate, the company reported $57.00 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Card and digital banking fees' will likely reach $18.71 million. Compared to the current estimate, the company reported $19.00 million in the same quarter of the previous year.
View all Key Company Metrics for First Horizon here>>>
Shares of First Horizon have experienced a change of -5.7% in the past month compared to the +2.4% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), FHN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Společnost First Horizon by měla za čtvrtletí končící v září 2026 vykázat zisk 0,53 USD na akcii, což představuje meziroční nárůst o 3,9 %, při výnosech ve výši 889,7 mil. USD.
Wall Street expects a year-over-year increase in earnings on higher revenues when First Horizon National (FHN - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on October 15, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis bank holding company is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of +3.9%.
Revenues are expected to be $889.7 million, up 0.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.67% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for First Horizon?For First Horizon, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.55%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that First Horizon will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that First Horizon would post earnings of $0.52 per share when it actually produced earnings of $0.54, delivering a surprise of +3.85%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
First Horizon doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
First Horizon za poslední rok vzrostl o 9,4 % a vedení čeká v roce 2026 růst rozvahy ve středně jednociferných procentech. Rizikem zůstávají vyšší náklady a koncentrace úvěrů v komerčním segmentu.
Key Takeaways FHN's shares gained 9.4% over the past year, slightly outpacing the industry's 8.9% growth.FHN targets mid-single-digit balance-sheet growth in 2026, supported by healthy lending pipelines.Elevated expenses and commercial loan concentration remain key risks despite improving profitability. Shares of First Horizon Corporation (FHN - Free Report) have gained 9.4% in the past year, outperforming the industry’s 8.9% growth.
However, if we compare the company’s price performance with its close peers like BOK Financial Corporation (BOKF - Free Report) and Texas Capital Bancshares, Inc. (TCBI - Free Report) , it appears that FHN shares have underperformed both. In the past year, BOKF shares have rallied 27.4%, while TCBI stock has gained 14.1%.
Price Performance
Image Source: Zacks Investment Research
Does FHN stock have more upside left despite its recent price strength? Let us find out by looking at its fundamentals and growth prospects.
Key Positives of First HorizonRevenue Growth: The company’s revenues have witnessed a six-year compound annual growth rate (CAGR) of 6.5% through 2025, with the growth trend continuing in the first half of 2026. Its NII recorded a six-year CAGR of 13.8% through 2025, supported by balance-sheet growth and disciplined asset-liability management, with growth continuing in the first half of 2026. Lower funding costs, continued loan growth, relationship-based deposit gathering and reinvestment at higher yields are expected to support NII growth in the upcoming period.
Meanwhile, the company’s non-interest income recorded a six-year CAGR of 3.4% through 2025 and increased in the first half of 2026. Growth in wealth management, treasury management and commercial specialty services is helping FHN to expand its fee-based revenue streams. The strategic partnership with LPL Financial in April 2025 further strengthened its wealth-management capabilities, while the 2020 Iberiabank merger expanded its customer base and cross-selling opportunities. Continued NII growth and broader fee-generating opportunities are expected to support FHN’s top-line performance.
The Zacks Consensus Estimate for FHN’s 2026 and 2027 revenues is pegged at $3.5 billion and $3.7 billion, respectively, which indicate year-over-year growth rates of 3.5% and 3.9%.
Revenue Estimates
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Expanding Balance Sheet: The company’s balance sheet remains on a growth trajectory, supported by relationship-driven lending and a diversified banking franchise. Its loans and leases and deposits posted CAGRs of 12.9% and 13%, respectively, from 2019 to 2025, with both growing year over year in the first half of 2026. Commercial and industrial lending and steady mortgage activity are supporting loan growth, while promotional and non-interest-bearing deposits are strengthening the deposit base.
Management expects mid-single-digit balance-sheet growth in 2026, backed by healthy pipelines across business lines and markets. Its regional and specialty banking franchises in high-growth markets are helping attract and retain customers. Continued loan demand, deposit growth and deeper client relationships are expected to support balance-sheet expansion in the coming quarters.
Focus on Profitability Enhancement: FHN is strengthening profitability through revenue growth and disciplined execution. Its adjusted return on tangible common equity reached 15.3% in the second quarter of 2026, marking the fourth consecutive quarter above 15%. Adjusted pre-provision net revenue (PPNR) increased from $750 million in 2019 to $1.46 billion in the first half of 2026, demonstrating the company’s stronger earnings-generating capacity. Building on this momentum, the company is targeting positive operating leverage and sees more than $100 million of additional revenue-driven PPNR opportunity by 2027 through deeper client relationships, higher product penetration and better coordination across business lines.
PPNR Growth Trend
Image Source: First Horizon Corporation
By expanding treasury management, wealth management and regional-specialty partnerships, First Horizon aims to deepen client relationships and increase fee income. Its diversified business model and attractive geographic footprint also support performance across economic cycles. Counter-cyclical businesses, including fixed income, loans to mortgage companies and mortgage banking, can help offset pressure on its asset-sensitive balance sheet when interest rates decline. Overall, revenue diversification and disciplined execution are expected to support sustainable profitability and long-term growth.
Decent Liquidity Supports Capital Returns: FHN maintains a decent liquidity position. As of June 30, 2026, cash and interest-bearing deposits totaled $2.2 billion, while short-term and term borrowings stood at $842 million and $1.3 billion, respectively.
This liquidity position provides FHN with flexibility to support shareholder returns while investing in balance-sheet growth. The company has an active share repurchase program, with $665 million remaining under its $1.2 billion authorization as of June 30, 2026.
Apart from share repurchases, the company continues to return capital through dividends. In January 2026, First Horizon raised its quarterly dividend by 13.3% to 17 cents per share. The company has raised its dividend once over the past five years, resulting in a five-year annualized dividend growth rate of 1.4%. Its current dividend yield of 2.8% compares favorably with the industry average of 2.2%. Meanwhile, BOKF and TCBI offer dividend yields of 1.8% and 0.8%, respectively. Overall, FHN’s liquidity position provides a solid foundation for continued shareholder returns.
Dividend Yield
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FHN’s Near-Term HeadwindsElevated Expense Level: The company’s noninterest expenses have increased over the past several years, recording a CAGR of 8.9% from 2019 to 2025. Although management continues to focus on cost control, expenses increased year over year in the first half of 2026. Management expects adjusted expenses, excluding deferred compensation, to remain roughly flat in 2026. However, continued investments in talent, technology and client acquisition may keep the expense base elevated in the near term.
Expense Trend
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Loan Concentration Risk: FHN’s loan portfolio remains concentrated in commercial categories. As of June 30, 2026, commercial and industrial (C&I) loans, excluding loans to mortgage companies, and commercial real estate (CRE) loans accounted for about 71% of period-end loans. This concentration increases exposure to economic volatility, particularly if business conditions weaken.
Analyst Sentiments for FHNOver the past week, the Zacks Consensus Estimate for First Horizon’s 2026 and 2027 earnings has remained unchanged, indicating a neutral analyst sentiment. The estimates imply year-over-year growth rates of 13.8% and 8.7% for 2026 and 2027, respectively.
Estimate Revision Trend
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Final Thought on First HorizonContinued loan and deposit growth, supported by strong client relationships, is expected to drive NII. The company’s focus on treasury management, wealth management and specialty banking is likely to further diversify revenue and strengthen its fee-generating capabilities. A solid liquidity position should support balance-sheet growth and continued capital returns.
In terms of valuation, FHN stock appears inexpensive relative to the industry. The company is currently trading at a 12-month trailing price-to-earnings (P/E) ratio of 10.8X, which is lower than the industry’s 12.3X.
Price-to-Earnings F12 M
Image Source: Zacks Investment Research
However, investors should remain mindful of the risks. Persistently elevated expenses could weigh on profitability, while FHN’s concentration in commercial lending leaves it vulnerable to potential deterioration in credit quality. Moreover, neutral analyst sentiment toward the company’s earnings outlook suggests limited visibility into near-term growth prospects.
Nevertheless, FHN’s solid capital position, revenue diversification and balance-sheet growth provide a favorable foundation for long-term value creation. Existing investors may continue to hold the stock, while potential investors could wait for stronger earnings momentum and better expense control before taking a more aggressive stance.
Currently, FHN carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
BlackRock ve 2. čtvrtletí koupil nový podíl ve společnosti First Horizon za zhruba 1,505 miliardy USD a drží asi 12,37 % firmy. First Horizon zároveň oznámila čtvrtletní dividendu ve výši 0,17 USD na akcii.
BlackRock Inc. acquired a new stake in First Horizon Corporation (NYSE:FHN – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 58,706,667 shares of the financial services provider’s stock, valued at approximately $1,505,239,000. BlackRock Inc. owned about 12.37% of First Horizon at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Investment Management LLC boosted its stake in First Horizon by 873.1% in the 2nd quarter. Kestra Investment Management LLC now owns 1,625 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,458 shares during the period. Geneos Wealth Management Inc. boosted its holdings in First Horizon by 156.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,794 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 1,095 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in First Horizon by 1,348.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 2,013 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 1,874 shares in the last quarter. Basecamp Wealth Advisors LLC grew its position in First Horizon by 56.2% in the first quarter. Basecamp Wealth Advisors LLC now owns 2,073 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 746 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in First Horizon in the 4th quarter valued at $51,000. Institutional investors and hedge funds own 80.28% of the company’s stock.
Analyst Upgrades and Downgrades FHN has been the subject of several analyst reports. Raymond James Financial raised their price objective on First Horizon from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. decreased their target price on shares of First Horizon from $28.50 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, July 16th. Evercore set a $27.00 target price on shares of First Horizon in a report on Monday, July 6th. Wall Street Zen lowered shares of First Horizon from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Autonomous Res cut shares of First Horizon from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Nine research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, First Horizon currently has a consensus rating of “Hold” and a consensus target price of $27.26.
View Our Latest Stock Analysis on First Horizon First Horizon Trading Down 0.6% Shares of FHN stock opened at $24.72 on Friday. First Horizon Corporation has a 12-month low of $19.80 and a 12-month high of $26.56. The company has a market capitalization of $11.71 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.99 and a beta of 0.61. The firm has a 50 day moving average price of $25.50 and a two-hundred day moving average price of $24.50. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.15.
First Horizon (NYSE:FHN – Get Free Report) last posted its earnings results on Wednesday, July 15th. The financial services provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. First Horizon had a return on equity of 12.06% and a net margin of 21.12%.The company had revenue of $887.00 million during the quarter, compared to the consensus estimate of $878.42 million. During the same quarter last year, the firm earned $0.45 earnings per share. As a group, analysts predict that First Horizon Corporation will post 2.15 earnings per share for the current year.
First Horizon Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a $0.17 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.8%. First Horizon’s dividend payout ratio (DPR) is presently 32.54%.
First Horizon Profile (Free Report)
First Horizon Corporation, headquartered in Memphis, Tennessee, is a diversified financial services company providing an array of retail, commercial and wealth management solutions. As the largest bank-based financial services firm in Tennessee, First Horizon operates through a network of branches and digital platforms across the Southeastern United States, offering personal and business banking, mortgage origination and servicing, payment solutions and treasury management services.
Tracing its origins to the First National Bank of Memphis established in 1864, First Horizon has grown through strategic acquisitions and organic expansion to serve customers in Tennessee, Texas, North Carolina, South Carolina, Georgia and Florida.
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First Horizon za poslední měsíc přidal asi 2,4 % po zveřejnění výsledků za 2Q, kde EPS 54 centů překonal odhad 52 centů. Výnosy vzrostly o 7 % na 887 milionů USD.
It has been about a month since the last earnings report for First Horizon National (FHN - Free Report) . Shares have added about 2.4% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is First Horizon due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
First Horizon Q2 Earnings Beat Estimates on Higher NII & Fee IncomeFirst Horizon posted second-quarter 2026 earnings per share (EPS) of 54 cents, surpassing the Zacks Consensus Estimate of 52 cents. This compares favorably with 45 cents in the year-ago quarter.
Results benefited from higher net interest income and non-interest income, along with a lower provision for credit losses. Higher loan and deposit balances also provided support. However, rising expenses and weaker capital ratios were headwinds.
Net income available to its common shareholders was $260 million, up 12% year over year.
Revenues & Expenses RiseTotal quarterly revenues were $887 million, which increased 7% year over year. The top line surpassed the Zacks Consensus Estimate of $873.5 million.
NII increased 5% year over year to $676 million. Additionally, the net interest margin expanded 9 basis points from the prior-year quarter to 3.49%.
Non-interest income was $211 million, rising 12% year over year. The increase reflected growth in brokerage, trust and insurance income, fixed income revenues, mortgage banking revenues and deferred compensation income.
Non-interest expenses increased 8% year over year to $531 million. The rise was mainly due to higher salaries and benefits, outside services, occupancy and equipment, and deferred compensation expenses.
The efficiency ratio was 59.88%, up from 59.20% in the same quarter last year. A rise in the efficiency ratio indicates lower profitability.
Loans & Deposits Balances IncreaseTotal period-end loans and leases, net of unearned income, were $65.3 billion, up 1.5% from the end of the prior quarter. Total period-end deposits were $68.1 billion, increasing 2.4% sequentially.
Credit Quality ImprovesNon-performing loans and leases totaled roughly $531 million, down from $593 million in the prior-year quarter. The non-performing loans and leases ratio declined to 0.81% from 0.94%.
The allowance for credit losses to loans and leases ratio was 1.24%, down from 1.42% in the year-ago quarter.
Net charge-offs were $33 million, down 3% year over year. Provision for credit losses was $15 million compared with $30 million in the year-ago quarter.
Capital Ratios DeclineAs of June 30, 2026, the common equity tier 1 ratio was 10.5%, down from 11% reported at the end of the year-ago quarter.
The total capital ratio was 13.4%, down from 14% a year ago. The tier 1 leverage ratio declined slightly to 10.5% from 10.6% in the prior-year quarter.
Capital DeploymentDuring the quarter, FHN repurchased $100 million worth of shares at an average price of $24.52 per share. The company had $665 million remaining under its share repurchase authorization.
2026 OutlookAdjusted revenues, excluding deferred compensation, are expected to increase 3-7% from the 2025 baseline of $3.42 billion.
The company expects mid-single-digit balance-sheet growth, supported by commercial loan pipelines and continued relationship expansion.
Adjusted expenses, excluding deferred compensation, are projected to remain roughly flat from the 2025 baseline of $2.05 billion.
The net charge-off ratio is expected to be 0.15-0.25%, compared with 0.19% in 2025.
The effective tax rate is projected at 21-23%, although discrete items may cause quarterly variation.
The company continues to target a CET1 ratio of about 10.5%, with the level likely to vary based on loan growth and capital deployment.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in fresh estimates.
VGM ScoresCurrently, First Horizon has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, First Horizon has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
, /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) ("First Horizon" or "the Company") announced today its 2026 company-run capital stress test results. The 2026 test showed that, under hypothetical severe economic and business downturns, First Horizon would maintain capital ratios well above regulatory-required minimums. These internally generated results, which utilized the 2026 Dodd-Frank Act Stress Test Severely Adverse Scenario published by the Federal Reserve on February 4, 2026, reflect continued strong risk discipline.
"First Horizon's 2026 stress test results reinforce the strength of our capital position and the resilience built into our business model," said Hope Dmuchowski, Chief Financial Officer. "Our ability to maintain a CET1 ratio of 9.3% and a loan loss rate less than half that of our peer median - even amid a scenario of severe recession and market stress - demonstrates the value of our diversified revenue streams and prudent risk culture. Through disciplined capital management and unwavering focus on our clients, we are well equipped to deliver on our commitments, sustain our dividend, and support economic opportunity in our communities, regardless of the environment."
The following table reflects the Company's actual and projected stressed capital ratios under the Federal Reserve's Severely Adverse Scenario compared to required regulatory minimums.
% Regulatory Ratio
Actual
Projected Stressed
Capital Ratios
Regulatory Capital
Ratios
4Q25
Minimum
Minimum
Common Equity Tier 1 Capital ratio
10.6 %
9.3 %
4.5 %
Tier 1 Risk-based Capital ratio
11.5 %
10.2 %
6.0 %
Total Risk-based Capital ratio
13.3 %
12.2 %
8.0 %
Tier 1 Leverage ratio
10.2 %
9.1 %
4.0 %
These results include a $0.17 quarterly common stock dividend throughout the nine-quarter scenario horizon.
First Horizon's loan portfolio stressed loss rate of 2.3% is significantly lower than the 6.7% loss rate from the Federal Reserve-published median DFAST result. FHN's lower loss rate benefits from its portfolio mix, including lower-loss loans to mortgage companies and limited exposure to higher-loss rate credit cards. Additionally, the Company's pre-provision net revenue as a percentage of total assets of 5.1% exceeded the peer median of 3.0%. FHN's stresses to pre-provision net revenue are buffered by its counter-cyclical businesses of fixed income, loans to mortgage companies, and mortgage.
For more information, please see First Horizon's 2026 stress test disclosure at https://ir.firsthorizon.com/fixed-income/stress-test-results/default.aspx.
About First Horizon
First Horizon Corporation (NYSE: FHN), with $84.4 billion in assets as of June 30, 2026, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
, /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) (or the "Company") today announced that its board of directors declared a quarterly cash dividend of $0.17 per share on FHN's common stock. The dividend is payable on October 1, 2026, to shareholders of record at the close of business on September 11, 2026.
Preferred Dividend Information
Cash dividends were also declared on the Company's Series E, Series F and Series H Preferred Stock, and on First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock, as follows:
FHN Series E
Quarterly cash dividend of $1,625.00 per share on FHN's 6.50% Non-Cumulative Perpetual Preferred Stock, Series E ("Series E Preferred Stock"). This equates to a cash dividend of $0.40625 per Depositary Share (NYSE: FHN PRE), each of which represents a 1/4,000th interest in a share of the Series E Preferred Stock. The dividend is payable on October 13, 2026, to shareholders of record at the close of business on September 28, 2026.
FHN Series F
Quarterly cash dividend of $1,175.00 per share on FHN's 4.70% Non-Cumulative Perpetual Preferred Stock, Series F ("Series F Preferred Stock"). This equates to a cash dividend of $0.29375 per Depositary Share (NYSE: FHN PRF), each of which represents a 1/4,000th interest in a share of the Series F Preferred Stock. The dividend is payable on October 13, 2026, to shareholders of record at the close of business on September 28, 2026.
FHN Series H
Quarterly cash dividend of $1,687.50 per share on FHN's 6.75% Non-Cumulative Perpetual Preferred Stock, Series H ("Series H Preferred Stock"). This equates to a cash dividend of $0.421875 per Depositary Share (NYSE: FHN PRH), each of which represents a 1/4,000th interest in a share of the Series H Preferred Stock. The dividend is payable on October 13, 2026, to shareholders of record at the close of business on September 28, 2026.
First Horizon Bank Class A
Quarterly cash dividend of $12.82318 per share on First Horizon Bank's Class A Non-Cumulative Perpetual Preferred Stock. The dividend is payable on October 13, 2026, to shareholders of record at the close of business on September 28, 2026.
About First Horizon
First Horizon Corporation (NYSE: FHN), with $84.4 billion in assets as of June 30, 2026, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
First Horizon National (FHN - Free Report) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +3.85%. A quarter ago, it was expected that this bank holding company would post earnings of $0.49 per share when it actually produced earnings of $0.53, delivering a surprise of +8.16%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
First Horizon, which belongs to the Zacks Banks - Southwest industry, posted revenues of $887 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.55%. This compares to year-ago revenues of $830 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
First Horizon shares have added about 7.6% since the beginning of the year versus the S&P 500's gain of 10.2%.
What's Next for First Horizon?While First Horizon has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for First Horizon was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.55 on $895.6 million in revenues for the coming quarter and $2.15 on $3.54 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
BOK Financial (BOKF - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 20.
This Regional banking operator is expected to post quarterly earnings of $2.56 per share in its upcoming report, which represents a year-over-year change of +16.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
BOK Financial's revenues are expected to be $558.9 million, up 4.4% from the year-ago quarter.
First Horizon zveřejní výsledky za 2. čtvrtletí před otevřením trhu ve středu 15. července. Analytici čekají zisk 53 centů na akcii a výnosy 881,11 milionu USD.
First Horizon Corporation (NYSE:FHN) will release its second quarter earnings report before the opening bell on Wednesday, July 15.
Analysts expect the Memphis, Tennessee-based company to report quarterly earnings of 53 cents per share, up from 45 cents per share in the year-ago period. The consensus estimate for First Horizon’s quarterly revenue is $881.11 million. It reported $833 million last year, according to Benzinga Pro.
On July 1, First Horizon Bank named Jason Triplett as Western North Carolina Area President for the Mid-Atlantic Region.
First Horizon shares rose 0.7% to close at $25.85 on Monday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying FHN stock? Here’s what analysts think:
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