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Canada Pension Plan Investment Board bought a new position in shares of First Horizon Corporation (NYSE:FHN – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 59,700 shares of the financial services provider’s stock, valued at approximately $1,531,000.

Several other large investors have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in shares of First Horizon by 102.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,434 shares of the financial services provider’s stock worth $33,197,000 after purchasing an additional 865,109 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of First Horizon by 156.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,794 shares of the financial services provider’s stock valued at $35,000 after buying an additional 1,095 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of First Horizon by 88.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,189 shares of the financial services provider’s stock valued at $174,000 after buying an additional 3,835 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of First Horizon by 9.1% in the second quarter. Federated Hermes Inc. now owns 54,125 shares of the financial services provider’s stock valued at $1,147,000 after buying an additional 4,507 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in First Horizon by 20.8% during the second quarter. Cerity Partners LLC now owns 152,878 shares of the financial services provider’s stock worth $3,241,000 after buying an additional 26,323 shares during the last quarter. 80.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades A number of analysts have commented on the stock. JPMorgan Chase & Co. cut their price target 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. Fundamental Research set a $28.50 target price on shares of First Horizon in a research note on Wednesday, July 1st. Wall Street Zen downgraded shares of First Horizon from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Raymond James Financial lifted their price target on First Horizon from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings raised First Horizon from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 8th. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.26.

View Our Latest Stock Analysis on First Horizon First Horizon Trading Down 1.2% Shares of FHN stock opened at $24.35 on Tuesday. The firm has a 50 day moving average price of $25.45 and a two-hundred day moving average price of $24.44. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $11.54 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. First Horizon Corporation has a 12-month low of $19.80 and a 12-month high of $26.56.

First Horizon (NYSE:FHN – Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $0.54 EPS for the quarter, beating 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 firm had revenue of $887.00 million for the quarter, compared to analyst estimates of $878.42 million. During the same period in the prior year, the firm posted $0.45 EPS. As a group, analysts predict that First Horizon Corporation will post 2.15 earnings per share for the current year.

First Horizon Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 2.8%. First Horizon’s dividend payout ratio (DPR) is currently 32.54%.

Insider Buying and Selling at First Horizon In related news, EVP Elizabeth A. Ardoin sold 18,313 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $24.85, for a total transaction of $455,078.05. Following the sale, the executive vice president owned 340,368 shares of the company’s stock, valued at $8,458,144.80. This represents a 5.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.91% of the company’s stock.

First Horizon Company 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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Deutsche Bank AG purchased a new stake in shares of First Horizon Corporation (NYSE:FHN – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 45,830 shares of the financial services provider’s stock, valued at approximately $1,175,000.

A number of other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in First Horizon during the second quarter valued at approximately $747,445,000. North Reef Capital Management LP boosted its stake in shares of First Horizon by 25.5% during the 1st quarter. North Reef Capital Management LP now owns 14,453,208 shares of the financial services provider’s stock worth $328,955,000 after acquiring an additional 2,936,368 shares during the last quarter. Invesco Ltd. boosted its stake in shares of First Horizon by 5.6% during the 4th quarter. Invesco Ltd. now owns 8,033,759 shares of the financial services provider’s stock worth $192,007,000 after acquiring an additional 426,951 shares during the last quarter. Norges Bank bought a new stake in shares of First Horizon during the 4th quarter valued at $153,942,000. Finally, William Blair Investment Management LLC increased its stake in shares of First Horizon by 2.2% in the 4th quarter. William Blair Investment Management LLC now owns 5,336,021 shares of the financial services provider’s stock worth $127,531,000 after purchasing an additional 116,191 shares in the last quarter. Hedge funds and other institutional investors own 80.28% of the company’s stock.

First Horizon Stock Performance NYSE FHN opened at $24.66 on Monday. The business’s 50 day moving average price is $25.46 and its 200-day moving average price is $24.45. First Horizon Corporation has a fifty-two week low of $19.80 and a fifty-two week high of $26.56. The company has a market cap of $11.68 billion, a P/E ratio of 11.80, a P/E/G ratio of 0.98 and a beta of 0.61. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.96 and a current ratio of 0.97.

First Horizon (NYSE:FHN – Get Free Report) last announced its earnings results on Wednesday, July 15th. The financial services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. First Horizon had a net margin of 21.12% and a return on equity of 12.06%. The business had revenue of $887.00 million for the quarter, compared to the consensus estimate of $878.42 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. Sell-side analysts predict that First Horizon Corporation will post 2.15 earnings per share for the current year. First Horizon Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, September 11th. This represents a $0.68 dividend on an annualized basis and a yield of 2.8%. First Horizon’s payout ratio is presently 32.54%.

Analyst Ratings Changes Several research firms have issued reports on FHN. Wall Street Zen lowered First Horizon from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Raymond James Financial lifted their price target on shares of First Horizon from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Wells Fargo & Company assumed coverage on shares of First Horizon in a research report on Monday, August 10th. They set an “equal weight” rating and a $28.00 price objective on the stock. Truist Financial boosted their price objective on First Horizon from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, July 10th. Finally, Evercore set a $27.00 price target on First Horizon in a report on Monday, July 6th. Nine equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.26.

Check Out Our Latest Analysis on FHN

Insider Buying and Selling at First Horizon In other news, EVP Elizabeth A. Ardoin sold 18,313 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $24.85, for a total value of $455,078.05. Following the transaction, the executive vice president directly owned 340,368 shares in the company, valued at approximately $8,458,144.80. This represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

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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MEMPHIS, Tenn., Aug. 28, 2026 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) is pleased to announce that Amy Perry, Executive Vice President and Operations Executive, has been named a 2026 Woman of Impact by the Mid-South Chapter of the American Heart Association and Go Red for Women.

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
Image Source: Zacks Investment Research

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
Image Source: Zacks Investment Research

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
Image Source: Zacks Investment Research

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
Image Source: Zacks Investment Research

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. 

, /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) (or "First Horizon") is proud to announce Keva Latham, Senior Vice President and Director of Financial Planning & Analysis, Corporate Development and Incentives Strategy, has been named to the Memphis Business Journal's Super Women in Business Class of 2026.

Keva Latham - First Horizon This recognition honors female leaders in the Memphis business community for their excellence in professional achievement and community engagement. Latham's standout leadership has also earned her honors from Color Magazine's Power 40 Under 40, Memphis Business Journal's 40 Under 40 and Memphis Urban Elite 40 Under 40.

"Keva demonstrates high standards in both her performance and character. As a former athlete, she brings discipline, resilience and a team-first mindset to banking, balancing initiative with diplomacy and combining a pursuit of excellence with a deep respect for others," said Hope Dmuchowski, Senior Executive Vice President and Chief Financial Officer for First Horizon. "Her professionalism and leadership inspire teams and deliver measurable value to our organization and the Memphis community."

Beyond the bank, Latham remains committed to supporting children, families and mentorship in Memphis through her service on the boards of Memphis Athletic Ministries (MAM), First 8 Memphis, The Bodine School and her own financial literacy program, Banking and Buckets. She also serves on the advisory council of The University of Memphis Fogelman College of Business and Economics.

This year's 25 Super Women in Business honorees will be featured in the Memphis Business Journal's October 16 weekly edition and during a celebration at the Memphis Botanic Garden on October 20.

About First Horizon
First Horizon Corp. (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.

SOURCE First Horizon Corporation

, /PRNewswire/ -- First Horizon Bank (NYSE: FHN or "First Horizon") is pleased to announce that Harvey Authement, Jr. has joined the company as Banking Center Manager of the First Horizon Houma Banking Center at 706 Barrow St.

In this role, Authement will oversee banking center operations while leading a team committed to delivering excellent service, fostering meaningful client relationships and providing tailored financial solutions to clients throughout the Houma area.

Harvey Authement, Jr. Joins First Horizon Bank As Banking Center Manager In Houma Authement brings more than 45 years of banking experience to First Horizon Bank, including 27 years with Synergy Bank and 18 years with First National Bank of Houma. Throughout his career, he has held roles in retail banking, banking center management, consumer and small business lending, operations and client relationship management.

Active in serving the Houma community, Authement has been a board member of United Way of South Louisiana for 27 years, including serving as board president and campaign chairman.

"We are excited to welcome Harvey to First Horizon Bank," said Valencia Goodly, Regional Banking Executive for First Horizon Bank. "His extensive banking experience, proven leadership and longstanding commitment to the Houma community make him a valuable addition to the First Horizon team. He will be a tremendous asset to our clients, associates and the communities we serve."

About First Horizon 
First Horizon Corp. (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.

SOURCE First Horizon Bank

, /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) is proud to announce it has been recognized on the Memphis Business Journal's Best Places to Work in Memphis list in the Large Companies category. This is the fifth time First Horizon has appeared on the award list, and the recognition comes after feedback gathered through a survey of Memphis-based First Horizon associates.

The survey reflects associate perspectives on the following four areas:

Workplace culture Engagement Leadership Overall employee experience "This recognition is a direct result of the dedication and commitment of our associates, along with the inclusive, people-first culture we work hard to strengthen every day," said Tanya Hart, Senior Executive Vice President and Chief Human Resources Officer for First Horizon. "We're grateful for the feedback from our team and remain focused on creating an environment where First Horizon associates can grow, thrive and do their best work for our clients and communities."

Final category rankings and the top winners for the 2026 program will be released at an event for honorees on September 15, 2026 at the Memphis Sports and Events Center. To view the full list of 2026 honorees, visit bizjournals.com.

About First Horizon
First Horizon Corp. (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. 

SOURCE First Horizon Corporation

, /PRNewswire/ -- First Horizon Bank (NYSE: FHN) (or "First Horizon") announced today that veteran Baton Rouge banker Michael Doerr has been promoted to Senior Vice President, Senior Commercial Banking Sales Manager.

Doerr brings decades of local commercial banking experience to his new role. Prior to joining First Horizon Bank and IBERIABANK in 2010, he served as a vice president in commercial banking for Whitney National Bank in Baton Rouge.

Mike Doerr, Senior Vice President, Senior Commercial Banking Sales Manager for First Horizon Bank "Mike's elevation to this role is a reflection of the experience, client focus and strategic guidance he brings to the Baton Rouge business community," said Craig Netterville, Executive Vice President, Baton Rouge Market President for First Horizon Bank. "With more than 30 years of commercial banking experience, he has consistently delivered service excellence and strong leadership, helping clients reach their financial goals."

A Baton Rouge native, Doerr earned a Bachelor of Science degree in Finance from Louisiana State University.

About First Horizon 
First Horizon Corp. (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.

SOURCE First Horizon Bank

, /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.

SOURCE First Horizon Corporation

Lending support to his choice, First Horizon, on July 15, posted better-than-expected second-quarter results. The company posted adjusted earnings of 54 cents per share, beating market estimates of 52 cents per share.

Mizuho analyst Vijay Rakesh, on Monday, maintained Cerebras with an Outperform rating and raised the price target from $300 to $310.

In the U.S., Nike’s rivals include Adidas, Hoka and New Balance. Abroad, the company competes with Puma in Germany, On in Switzerland, and Asics in Japan.

On the earnings front, Nike, on June 30, posted fourth-quarter revenue of $10.97 billion, beating analyst estimates of $10.86 billion, according to Benzinga Pro. The apparel company reported adjusted earnings of 20 cents per share for the period, beating analyst estimates of 13 cents per share.

Price Action Cerebras shares fell 5.3% to settle at $188.61 on Monday. First Horizon shares slipped 0.2% to close at $25.48 during the session. Nike shares gained 1.1% to settle at $42.14 on Monday. Photo via Shutterstock

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Posted by Defense World Staff on Jul 27th, 2026

Entropy Technologies LP boosted its position in First Horizon Corporation (NYSE:FHN – Free Report) by 98.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,842 shares of the financial services provider’s stock after buying an additional 41,152 shares during the period. Entropy Technologies LP’s holdings in First Horizon were worth $1,885,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FHN. Goldman Sachs Group Inc. grew its position in First Horizon by 102.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,434 shares of the financial services provider’s stock valued at $33,197,000 after purchasing an additional 865,109 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of 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 valued at $35,000 after buying an additional 1,095 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of First Horizon by 88.1% during the second quarter. EverSource Wealth Advisors LLC now owns 8,189 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 3,835 shares in the last quarter. Federated Hermes Inc. increased its position in shares of First Horizon by 9.1% during the second quarter. Federated Hermes Inc. now owns 54,125 shares of the financial services provider’s stock worth $1,147,000 after acquiring an additional 4,507 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of First Horizon by 20.8% in the 2nd quarter. Cerity Partners LLC now owns 152,878 shares of the financial services provider’s stock worth $3,241,000 after acquiring an additional 26,323 shares during the last quarter. 80.28% of the stock is owned by institutional investors and hedge funds.

First Horizon Stock Performance NYSE:FHN opened at $25.51 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $24.94 and a 200 day simple moving average of $24.32. First Horizon Corporation has a 1-year low of $19.80 and a 1-year high of $26.56. The stock has a market cap of $12.11 billion, a P/E ratio of 12.20, a PEG ratio of 1.01 and a beta of 0.60.

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 $890.00 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. Research analysts anticipate that First Horizon Corporation will post 2.15 earnings per share for the current year.

First Horizon Announces Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, June 12th. First Horizon’s dividend payout ratio is 32.54%.

Analyst Ratings Changes A number of equities analysts have issued reports on the company. Autonomous Res downgraded First Horizon from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Weiss Ratings raised First Horizon from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 8th. Evercore set a $27.00 price objective on First Horizon in a research note on Monday, July 6th. UBS Group reiterated a “buy” rating on shares of First Horizon in a research note on Thursday, July 16th. Finally, National Bank Financial set a $29.00 target price on shares of First Horizon in a report on Thursday, July 16th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.16.

Read Our Latest Stock Analysis on First Horizon

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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, /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) today announced Scott Serpico has been appointed Senior Vice President, Head of Product. In this new Memphis-based role, Serpico will lead the strategy and vision for First Horizon Bank's multi-product portfolio that includes credit cards, deposits, lending and emerging payments.

Scott Serpico - Senior Vice President, Head of Product for First Horizon "As we continue strengthening our client-first strategy, we're thrilled to welcome Scott to our growing team," said Erin Pryor, Senior Executive Vice President, Chief Marketing and Experience Officer for First Horizon. "He brings category-leading financial services expertise combined with disciplined execution—a unique set of skills and talents that will elevate how our clients discover, choose and use our offerings to improve their lives. We're excited for the impact Scott will deliver."

Serpico most recently served as the executive leader for Consumer Lending at USAA, where he directed strategy and growth plans, product management, product forecasting, pricing and portfolio optimization. His career also includes leadership roles at Ally Financial, Chase, SunTrust, Wells Fargo and MBNA.

About First Horizon
First Horizon Corp. (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.

SOURCE First Horizon Corporation

Lebron Womack Named Chattanooga Market President for First Horizon Bank PR Newswire CHATTANOOGA, Tenn., July 22,

, /PRNewswire/ -- First Horizon Bank (NYSE: FHN) (or "First Horizon") today announced that Josh Newsom has been named Senior Vice President for Commercial and Business Banking in the North Mississippi market. In this role, Newsom will drive growth and develop strategies to support clients across the region while focusing on client relationships, new to bank acquisitions and fostering strong community involvement.

Josh Newsom - Senior Vice President, Commercial and Business Banking for First Horizon Bank "With more than seventeen years of banking experience in revenue growth, deposit generation and bank operations, Josh is an ideal client-focused banker to serve our growing North Mississippi market," said Michael Parker, North Mississippi Market President for First Horizon Bank.

Newsom joins First Horizon from Southern Bancorp, where he previously held leadership roles as Market President, City President and Senior Vice President, Commercial Lending. He's also served in various banking roles with Community Bank and Regions Bank and is a graduate of Mississippi State University, attended the Mississippi School of Banking and the Graduate School of Banking at Louisiana State University.

About First Horizon

First Horizon Corp. (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.

SOURCE First Horizon Bank

, /PRNewswire/ -- First Horizon Bank (NYSE: FHN) (or "First Horizon") today announced the upcoming 10th anniversary of its Music, Sports and Entertainment Group. Founded in 2016 by Music Finance leader Andrew Kintz in Nashville and joined in 2020 by Miami-based Alex Hernandez, the specialty division has expanded to a collaborative team of more than 20 industry experts, strategically located in Miami, Atlanta and its Nashville headquarters, serving clients coast to coast. 

Pictured (L-R): Ben James, Senior Vice President and Managing Director, Music, Sports and Entertainment Group for First Horizon Bank; Andrew Kintz, Executive Vice President, Music, Sports and Entertainment Group for First Horizon Bank; Bryan Bolton, Senior Vice President and Managing Director, Music, Sports and Entertainment Group for First Horizon Bank. Photo: Courtesy of First Horizon Bank The current leadership team comprises three industry veterans dedicated to supporting Music, Sports and Entertainment companies and individuals, with a blend of deep experience and full-service capabilities guided by Nashville-based executive Kintz. His leadership and client-first approach continue to drive the group's exposure and momentum with owners and decision makers at the industry's largest and most respected firms. 

Based in Nashville, Managing Director Bryan Bolton brings more than 20 years of music banking experience. He joined First Horizon in August 2016 to assist Kintz in expanding the Music Industry Group. Now marking its 10th anniversary, the group has grown into a specialty platform delivering consistent year-over-year growth. In 2024, Bolton was promoted to Managing Director of the music vertical. He remains focused on strengthening long-standing client relationships, pairing capital with counsel and helping clients plan with confidence.

Managing Director Ben James is based in Atlanta and leads the group's Atlanta and Coral Gables offices. With more than 24 years of banking experience, most spent serving music, sports and entertainment, he brings a client-focused mindset and practical expertise. He and his associates work with corporate and private banking clients, leveraging the group's specialty platform and First Horizon's full suite of capabilities to deliver tailored solutions and responsive service.

"Decades in this space have taught us relationships drive outcomes. With our combined leadership experience, we deliver tailored strategies and responsive service so our clients can focus on what they do best," said Andrew Kintz, EVP of Music, Sports and Entertainment for First Horizon. "Bryan Bolton and Ben James have brought strong leadership to our team, and we are proud of our accomplishments of the past decade and the role our group plays in the expansion strategy of First Horizon."

About First Horizon
First Horizon Corp. (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.

SOURCE First Horizon Bank

, /PRNewswire/ -- First Horizon Bank (NYSE: FHN) (or "First Horizon") announced today that Catherine Wood has been promoted to Senior Vice President, Head of Commercial Banking Strategy. Wood has served as a Raleigh-based banking leader for more than 15 years. In her new role she will lead the corporate multi-year strategy to drive growth and a differentiated client experience with a focus on identifying high‑impact AI and technology opportunities across commercial onboarding, origination, underwriting and servicing. Her responsibilities will include oversight of the commercial client experience, portfolio management and SBA lending.

Catherine Wood - Senior Vice President, Head of Commercial Banking Strategy, First Horizon Bank "Catherine has consistently demonstrated strong leadership, deep industry knowledge and a talent for building long-term relationships that strengthen our commercial banking franchise," said Samuel Erwin, Director of Regional Banking for First Horizon Bank. "Her promotion to lead Commercial Strategy is a well-deserved recognition of her impact. I'm confident she'll continue to drive growth while delivering exceptional service for our clients and communities."

Wood is an industry veteran who has held several leadership positions within First Horizon Bank, most recently as Head of Commercial Portfolio Management where she led multiple strategic initiatives. Prior to that, she led a team of commercial and corporate portfolio managers and credit analysts across North Carolina and Virginia and was the Credit Administration Manager for TrustAtlantic Bank, prior to its acquisition by First Horizon Bank in 2015.

Dedication to the community continues to be a priority for Wood. She developed a financial literacy program for children ages 5-12 at The Daniel Center for Math and Science in Raleigh and previously served as President of the Board of Directors of Meals on Wheels of Wake County.

About First Horizon Bank
First Horizon Corp. (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.

SOURCE First Horizon Bank

First Horizon Corporation remains a 'hold' at current ~$25 levels, reflecting solid credit quality but deposit mix and reserve concerns. FHN's Q2 earnings beat was driven by a low tax rate, not core operations; deposit growth relied on expensive brokered funds, pressuring margins. NIM compressed in Q2 and faces near-term headwinds, but loan repricing offers longer-term upside; loan growth is steady, with manageable CRE and NDFI exposure.

First Horizon Corporation (FHN) Q2 2026 Earnings Call Transcript

Banking and trucking: Is the economy rolling toward troubles?First Horizon NYSE: FHN reported higher adjusted earnings and continued loan growth in the second quarter of 2026, with management saying the bank remains on track with its full-year expectations despite deposit competition, rate uncertainty and volatility affecting fixed income revenue.

Chairman, President and Chief Executive Officer Bryan Jordan said adjusted earnings per share rose $0.09, or 20%, from a year earlier, while adjusted pre-provision net revenue increased 8%. Period-end loan balances grew by about $2 billion compared with the second quarter of 2025.

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PacWest, First Horizon Shares Plummet On Continued Bank Worries“These outcomes are the direct results of our clear objectives, disciplined execution, and the value we demonstrate to clients day in and day out,” Jordan said. He added that First Horizon sees “continued growth momentum going into the second half of the year.”

Earnings, margin and loan growth Chief Financial Officer Hope Dmuchowski said adjusted EPS increased $0.01 from the prior quarter to $0.54, while adjusted PPNR rose 1% to $364 million. Average loan balances increased by $1.5 billion during the quarter. Compared with the first half of 2025, adjusted return on common equity rose by more than 180 basis points, adjusted PPNR increased 8%, and adjusted EPS was up $0.21.

Net interest income rose by $9 million from the prior quarter, reflecting loan growth. Net interest margin compressed by three basis points, settling in the high 340-basis-point range, which Dmuchowski said was in line with expectations given the interest rate environment.

Period-end loans increased $953 million from the prior quarter, driven by $1 billion in commercial loan growth. That included $710 million in commercial and industrial growth, excluding loans to mortgage companies, and $175 million in commercial real estate growth. Loans to mortgage companies rose $118 million, reflecting normal home-buying seasonality, though management noted some headwinds from the rate environment.

Dmuchowski said new commitments were up more than 50% year over year, driven by commercial real estate activity, creating an opportunity for flat to slightly higher period-end balances as construction projects fund over time. She said loan pipelines remained strong across business lines and the company’s footprint, while commercial loan spreads remained generally consistent with prior quarters in a competitive market.

Deposits and funding costs remain a focus Period-end deposit balances increased $1.6 billion from the prior quarter, primarily due to growth in brokered deposits. The average rate paid on interest-bearing deposits increased five basis points to 2.33%.

Dmuchowski said deposit costs increased due to competition and portfolio mix, but the company’s cumulative deposit beta remained “strong” at 66% since rates began falling in September 2024. She said average costs on client interest-bearing deposits were roughly flat in the quarter.

During the question-and-answer portion of the call, Dmuchowski said she expects deposit costs in the third quarter and the rest of the year to look similar to 2025 if the current rate trajectory continues. She said competition typically increases in the second and third quarters because of deposit offers and acquisition campaigns.

Jordan said the market appears to be moving through a “secular change” in which deposit costs are drifting toward wholesale funding costs, aided by greater transparency around interest rates. He said rates could “drift up a little bit” over the next quarter, though he emphasized the uncertainty around the rate outlook.

Fee income, fixed income volatility and wealth momentum Fee income decreased $1 million from the prior quarter, excluding deferred compensation, but was up $14 million from a year earlier. Dmuchowski said fixed income revenue declined as ADRs fell to 594,000, though that was still an 8% increase year over year. She attributed the decline to macroeconomic volatility, a changing geopolitical environment and uncertainty over interest rates.

The fixed income decline was partly offset by higher brokerage, trust and insurance income, which management attributed to continued momentum in wealth management and increased client activity. Dmuchowski said the company’s move to the LPL platform in the third quarter of 2025 helped deepen product penetration with existing clients and bring new clients onto the platform.

Jordan said volatility in rates would continue to have a real-time effect on the fixed income business. He said the back half of 2026 did not feel likely to be as strong as the back half of 2025, though he noted positive signs, including a strong week in the business shortly before the call.

Expenses, credit and capital Adjusted expenses, excluding deferred compensation, increased $6 million from the prior quarter. Personnel expenses rose $1 million, driven by a $4 million increase in salaries and benefits tied to hiring and higher day count. Outside services increased $10 million, primarily due to seasonal marketing expenses, partly offset by lower client cash incentive payouts in other noninterest expenses.

Dmuchowski said the company expects expenses to be flat over the next two quarters. She said some movement may occur between outside services and other expense categories as marketing campaigns shift from acquisition costs to cash incentive payouts.

Credit metrics remained within management’s expectations. Net charge-offs increased $4 million to $33 million, and the net charge-off ratio was 20 basis points. The provision for credit losses was $15 million. The allowance for credit losses-to-loans ratio declined to 1.24%, driven by portfolio mix changes and credit resolutions, while nonperforming loans declined 13 basis points to 81 basis points.

Chief Credit Officer Thomas Hunt said the company continued to focus on minimizing losses and maximizing recoveries rather than pursuing quick resolutions. He said non-depository financial institution exposure remained steady with no major concerns, and consumer-sensitive sectors such as retail, restaurants and trucking remained areas to monitor, though they had been “surprisingly resilient.”

First Horizon ended the quarter with a common equity tier 1 ratio of 10.5%, in line with its near-term target. The company repurchased 4 million shares for $100 million during the quarter. Tangible book value per share ended at $14.53, up 7% year over year, which Dmuchowski said included $857 million of buybacks and an increase to the dividend.

Dmuchowski said First Horizon continues to analyze the potential impact of Basel III and currently expects about a 10% reduction in risk-weighted assets under the standardized approach as proposed. She said capital allocation priorities remain organic loan growth, dividends and then share repurchases.

Jordan said the company remains focused on building full client relationships, improving profitability and maintaining expense discipline while investing in talent, technology and tools. “Our job is to stack one good quarter on top of the next by serving clients well and staying disciplined, rather than reacting to economic volatility and market changes,” he said.

About First Horizon NYSE: FHNFirst 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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, /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") today reported second quarter net income available to common shareholders ("NIAC") of $260 million or earnings per share of $0.54, compared with first quarter 2026 NIAC of $257 million or earnings per share of $0.53 and second quarter 2025 NIAC of $233 million or earnings per share of $0.45. Return on common equity and return on tangible common equity grew to 12.3% and 15.2%, respectively, in the quarter.*

"Our results represent another quarter of disciplined execution," said Chairman, President and CEO Bryan Jordan. "This performance is the result of our focus on developing client relationships and prioritizing and delivering outstanding service."

Jordan continued, "Compared to the first half of 2025, net income available to common shareholders grew 16% in the first half of 2026. This reflects strength across multiple aspects of our business and includes 3% year-over-year loan growth."

Conference Call Information

Analysts, investors and interested parties may call toll-free starting at 8:15 a.m. CT on July 15, 2026, by dialing 1-833-461-5787 (if calling from the U.S.) and entering access code 702071053. 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 July 15 and will be archived on the site for one year.

Forward-Looking Statements 

This document and the complete 2Q2026 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, or other factors not listed.

Throughout this document and the complete 2Q2026 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 2Q2026 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 2Q2026 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, provides a meaningful basis 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 20 of FHN's complete 2Q26 earnings release available at https://ir.firsthorizon.com.

First Horizon Corp. (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.

Contact: Investor Relations - [email protected] 
                Media Relations - [email protected] 

* "Adjusted" results, along with return on tangible common equity, tangible book value per share, 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 4 of our complete 2Q26 earnings release for information on our use of non-GAAP measures and a reconciliation of these measures to GAAP beginning on page 20 of that release.

SOURCE First Horizon Corporation

, /PRNewswire/ -- First Horizon Bank (NYSE: FHN or "First Horizon") announced today the naming of Craig A. Netterville as Senior Vice President and Baton Rouge President. Netterville has served as a leader on the Baton Rouge team for 20 years and contributed to the market's significant client growth as head of the Private Client team.

Craig A. Netterville - SVP, Baton Rouge President for First Horizon Bank "As a Baton Rouge native and graduate of LSU, Craig is the ideal leader for our team and clients," said Tony Adams, Gulf States Regional President. "He has a deep understanding of the community and our clients' needs. Under his leadership, our team will continue to deliver large bank capabilities with the high-touch, relationship-focused service and customized solutions our clients value."

Netterville has also been a lifelong leader in the community. He currently serves on the Louisiana State Civil Service Commission. He previously served as Board Chair of Franciscan Missionaries of Our Lady University, President of LA Mortgage Lenders Association, Treasurer of Istrouma Area Boy Scouts and as a Board Member of Baton Rouge Area Chamber, Knock Knock Children's Museum and Credit Bureau of Baton Rouge Foundation.  He also serves on the finance committee of OLOL Regional Medical Center.

About First Horizon Bank
First Horizon Corp. (NYSE: FHN), with $84.1 billion in assets as of March 31, 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.

SOURCE First Horizon Bank

, /PRNewswire/ -- First Horizon Bank (NYSE: FHN or "First Horizon") announced today the donation of its former banking center located at 4011 Canal Street in New Orleans to United Way of Southeast Louisiana in support of the organization's Prosperity Center initiative. The donation builds on both organizations' shared commitment to financial empowerment and long-term community stability throughout the Greater New Orleans region.

First Horizon Bank and United Way Prosperity Center. Pictured from left to right are: Tony Adams, First Horizon Bank; Brittany Elder, United Way of Southeast Louisiana; Meghan Donelon, First Horizon Bank; Michael Williamson, United Way of Southeast Louisiana "At First Horizon Bank, we believe strong communities are built through meaningful partnerships and investments that create lasting impact," said Tony Adams, Gulf States Regional President for First Horizon Bank and board member of United Way of Southeast Louisiana. "We are proud to support United Way and its continued work to create greater opportunity for individuals and families across our region."

"United Way has made a tremendous impact in this space, helping families access critical resources and support to build stronger futures," said Meghan Donelon, Commercial Banking Group Manager at First Horizon Bank and Board Chair of United Way of Southeast Louisiana for 2026–2027. "They have truly made this space their own, and First Horizon Bank is proud to help make it their permanent home. This donation reflects the power of partnership and our shared commitment to creating lasting change across Southeast Louisiana."

The Canal Street location will allow United Way to build on the Prosperity Center's established presence and continue addressing barriers to economic mobility throughout Southeast Louisiana.  The center offers education, workforce development resources, housing counseling, tax preparation, and other services designed to help individuals and families build more secure financial futures.

"This generous donation from First Horizon Bank marks a transformative milestone for the J. Wayne Leonard Prosperity Center," said Michael Williamson, President and CEO of United Way of Southeast Louisiana. "This investment ensures that the center can continue serving as a gateway to opportunity for families across Southeast Louisiana. As we look ahead, the J. Wayne Leonard Prosperity Center will play an increasingly vital role in helping more people achieve economic stability, build financial resilience, and create pathways to lasting prosperity for generations to come."

About First Horizon Bank
First Horizon Corp. (NYSE: FHN), with $84.1 billion in assets as of March 31, 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.

SOURCE First Horizon Bank

Wall Street analysts expect First Horizon National (FHN - Free Report) to post quarterly earnings of $0.52 per share in its upcoming report, which indicates a year-over-year increase of 15.6%. Revenues are expected to be $873.47 million, up 5.2% from the year-ago quarter.

The consensus EPS estimate for the quarter has undergone an upward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

In light of this perspective, let's dive into the average estimates of certain First Horizon metrics that are commonly tracked and forecasted by Wall Street analysts.

The consensus among analysts is that 'Efficiency Ratio' will reach 57.5%. The estimate is in contrast to the year-ago figure of 59.2%.

Based on the collective assessment of analysts, 'Average Balance - Total interest earning assets' should arrive at $78.03 billion. Compared to the current estimate, the company reported $75.89 billion in the same quarter of the previous year.

The average prediction of analysts places 'Net Interest Margin (FTE)' at 3.5%. The estimate is in contrast to the year-ago figure of 3.4%.

Analysts forecast 'Total nonperforming assets' to reach $604.50 million. The estimate is in contrast to the year-ago figure of $606.00 million.

The consensus estimate for 'Total nonperforming loans and leases' stands at $603.00 million. The estimate is in contrast to the year-ago figure of $593.00 million.

Analysts predict that the 'Net Interest Income' will reach $678.48 million. The estimate is in contrast to the year-ago figure of $641.00 million.

The collective assessment of analysts points to an estimated 'Total Non-Interest Income' of $198.21 million. Compared to the present estimate, the company reported $189.00 million in the same quarter last year.

According to the collective judgment of analysts, 'Net interest income (FTE)' should come in at $680.14 million. Compared to the present estimate, the company reported $645.00 million in the same quarter last year.

View all Key Company Metrics for First Horizon here>>>

Over the past month, First Horizon shares have recorded returns of +2.8% versus the Zacks S&P 500 composite's +2.2% change. Based on its Zacks Rank #3 (Hold), FHN will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

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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, /PRNewswire/ -- First Horizon Bank (NYSE: FHN or "First Horizon") announced today that Jason Triplett, Head of Commercial Banking, has been named Western North Carolina Area President for the Mid-Atlantic Region. He will report to Laura Bunn, Mid-Atlantic Regional President, and be responsible for leading community banking and associate and community engagement while expanding the bank's market share across Western North Carolina, including Asheville, Boone, Hickory and Lenoir.

Jason Triplett, First Horizon Bank "Since joining First Horizon, Jason's deep local ties and community involvement have made a clear impact. His vision will be key to extending the reach of First Horizon Bank in Western North Carolina and helping clients and associates thrive," said Laura Bunn, Mid-Atlantic Regional President for First Horizon.

"As Western North Carolina Area President and a long-time resident, I'm honored to lead a team committed to strengthening relationships with our clients, associates and community partners, and to supporting our clients' goals and investing in the communities we call home," said Jason Triplett, Western North Carolina Area President for First Horizon Bank.

Triplett's commitment to Western North Carolina is also evident through his dedication to community service. He currently serves on the Board of Advisors for Appalachian State University's Department of Finance, Banking and Insurance, the Board of Directors of the NC Housing Finance Agency and is a Boone Chamber Advocacy Task Force member.

About First Horizon 
First Horizon Corp. (NYSE: FHN), with $84.1 billion in assets as of March 31, 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.

SOURCE First Horizon Bank