First Horizon Corp. Turns To Loss In Q3

First Horizon (FHN) reported Q3 2026 earnings with sales below analyst estimates. Its tangible book value per share (TBVPS) grew 4.9% annually over five years, but decelerated to 3.1% over the last two years. Consensus estimates expect 13.2% TBVPS growth in the next 12 months. The stock dropped 2.4% post-earnings.

FIRST HORIZON CORP (FHN) filed an SEC Form 8-K — Results of Operations and Financial Condition. First Horizon Corporation Reports Third Quarter 2026 Results and Announces Strategic Balance Sheet Changes to Support Earnings and Growth MEMPHIS, TN (October 15, 2026) – First Horizon Corporation (NYSE: FHN or “First Horizon”) today reported financial results for the third quart

First Horizon (FHN) reported Q3 adjusted EPS of $0.53, beating estimates, but revenue of $883M missed expectations. The company reported a GAAP net loss of $94M due to mortgage reclassification. Shares fell 1.6% post-results. The mortgage sale is expected to be accretive to earnings and provide balance sheet flexibility.

First Horizon National Corp. (FHN) reported a Q3 loss of $83M, or 20 cents per share, with adjusted earnings of 53 cents per share, meeting expectations. Revenue was $1.25B, but net revenue of $880M missed forecasts.

First Horizon Corporation (FHN) reported a Q3 net loss of $94 million, or $0.20 per share, due to reclassifying $4.5 billion in mortgages for sale. Adjusted EPS was $0.53, down slightly from Q2 but up from Q3 2025. The company plans to sell these mortgages in Q4. Average client deposits rose by $1.3 billion. FHN had $84.3 billion in assets as of September 30, 2026.

First Horizon reported a Q3 net loss of $94M or $0.20 per share, including a $0.73 per share charge for loan reclassification. The company plans to sell $4.5B in consumer mortgages in early Q4. Adjusted EPS was $0.53. The move aims to improve net interest margin and earnings.