First Horizon Corporation · FHN-PF · FY2026 Q2 · Calendar Q3 2026
First Horizon posts EPS growth as loans expand and guidance holds
First Horizon's latest results support a constructive but conditional view: loan growth, wealth-management expansion and technology investment provide growth avenues, while deposit-cost pressure, credit sensitivity and regulatory uncertainty remain key constraints.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Compared with the prior quarter, the focus shifted to roughly $2 billion of loan growth, modestly rising deposit costs, the LPL-linked wealth-management opportunity and a potential 10% reduction in risk-weighted assets under the Basel III standardized approach. Guidance remained maintained.
Guidance delta
Full-year guidance was maintained.
Key takeaways
- Adjusted EPS increased 20% year over year, while loan balances grew by roughly $2 billion.
- Deposit costs remain competitive but are expected to rise modestly; brokered deposits increased $1.6 billion quarter over quarter.
- Management identified a $100 million-plus PPNR opportunity tied to wealth-management and fee-income growth.
- CET1 was 10.5%, with dividends and repurchases prioritized while further capital returns remain under review.
Management priorities
- Invest in technology and AI to improve productivity.
- Expand branch density in existing markets, particularly the Carolinas.
- Deepen wealth-management cross-selling to commercial clients.
- Continue loan growth in C&I and CRE while developing fee income.
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Try FN2 freeCompany context
Snapshot as of publicationFirst Horizon Corporation functions as the bank holding company for First Horizon Bank, delivering a comprehensive suite of financial services. The organization's operations are structured across three primary divisions: Regional Banking, Specialty Banking, and Corporate. The corporation extends general banking solutions to a diverse clientele, including individual consumers, commercial enterprises, other financial institutions, and governmental bodies. Beyond traditional banking, First Horizon engages in the underwriting of bank-eligible and other fixed-income securities. It also facilitates the sale of loans and various derivative products, alongside providing expert advisory services. Its broad spectrum of offerings encompasses mortgage banking, title insurance and loan-closing support, and brokerage services.…
Historical context
All FHN-PF earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| USB-PR U.S. Bancorp | FY2026 Q3 · Calendar Q4 2026 | — | — | U.S. Bancorp raises outlook as BTIG and fee growth lift Q3 |
| USB-PS U.S. Bancorp Depositary Shares, | FY2026 Q3 · Calendar Q4 2026 | — | — | U.S. Bancorp raises guidance as BTIG and fee growth support Q3 |
| FHN First Horizon Corporation | FY2026 Q3 · Calendar Q4 2026 | — | +2.1% | First Horizon Repositions Assets to Support NIM and Growth |
| USB-PQ U.S. Bancorp | FY2026 Q3 · Calendar Q4 2026 | — | — | U.S. Bancorp raises guidance as fees and BTIG support growth |
| PNC The PNC Financial Services Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +0.3% | PNC Raises Full-Year Outlook as Loan and Fee Growth Accelerate |
| USB-PA U.S. Bancorp PERP PFD SER A | FY2026 Q3 · Calendar Q4 2026 | — | — | U.S. Bancorp raises 2026 outlook as BTIG and payments gain traction |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-07-15T16:03:46.161751+00:00
- FN2 earnings calendar · 2026-08-20T01:23:16.878803+00:00
- Polygon adjusted daily market bars
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-15. For educational purposes only; not investment advice.