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dailymemphian.comOCT 151 min read$FHN

First Horizon reports net loss of $94 million

First Horizon Corp. reported a net loss of $94 million, or $0.20 per share, for Q3, missing Wall Street expectations. Adjusted EPS was $0.53, down from Q2 but up from Q3 2025.

Original reporting
dailymemphian.com
Published Oct 15, 2026, 6:01 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 15, 2026, 6:39 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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First Horizon reports net loss of $94 million — source image
Source · dailymemphian.com
Decision brief

The 30-second read

$FHNBearishMed
01

Why it matters

Earnings miss may trigger short‑term price decline.

02

Market read

The earnings miss provides a fresh catalyst for traders in the banking sector.

03

What to watch

Potential cost‑cutting measures or future guidance were not disclosed.

Relevance 7/10Novelty 7/10Timing: after-hours

Background

First Horizon Corp. is a US‑listed regional bank (ticker FHN).

Company-level read

Ticker impact

$FHNBearishHigh confidence
Context

First Horizon reported a Q3 net loss of $94 million, missing Wall Street expectations.

Expected impact

likely downside as the market prices in the earnings miss

Evidence & confidence

The loss and EPS miss are new information that can move the stock lower.

Market effects

Sector

Regional banking sector may face broader scrutiny after the miss.

Regional

US banking stocks could see modest pressure.

Global

Limited to US financial markets.

Counterpoint

What could challenge this read

If the loss is seen as a one‑off, the stock could rebound on a buy‑the‑dip basis.

Key entities

  • company
    First Horizon Corp.

    Regional bank reporting Q3 results.

Read at source← All news

StoryFirst Horizon announces $4.5 billion mortgage sale and reports Q3 loss

Also covered by

5 outlets

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First Horizon Corp reported Q3 2026 earnings with adjusted EPS declining to $0.53 due to lower fee income and higher provision expense. The company sold $4.5 billion in residential mortgage loans, expecting a 4% EPS accretion in 2027. Tangible book value per share fell 5% to $13.84. The mortgage sale aims to free up balance sheet capacity for higher-yielding loans and client relationships. Deposit costs increased 12 basis points to 2.45%, with competitive pressures expected to persist.

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First Horizon Corporation Q3 2026 Earnings Call Summary

First Horizon Corporation sold $4.5B in low-yielding mortgage loans at a 10% discount to boost profitability. The move aims to redeploy capital into higher-yielding loans, expecting a 4% EPS boost by 2027. Q3 saw $1.5B in client deposit growth, reducing reliance on expensive brokered deposits. Management plans to resume share buybacks in Q4 and targets a $100M+ PPNR opportunity.

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First Horizon (FHN) Q3 2026 Earnings Call Transcript

First Horizon (FHN) reported Q3 2026 adjusted EPS of $0.53, down from prior periods, with adjusted ROPCE at 14.4%. The company expects a $4.5B mortgage portfolio sale to reduce loan-to-deposit ratio to 88%, improve NIM, and boost 2027 EPS by 4%. Share buybacks will resume in Q4. The transaction aligns with their focus on relationship banking and strategic growth.

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