First Horizon Corporation Delivers Strong Second Quarter 2026 Results with Net Income Available to Common Shareholders of $260 Million, up 12% year-over-year and EPS of $0.54, up $0.09 from Second Quarter 2025
Rhea-AI Summary
First Horizon (NYSE: FHN) reported second quarter 2026 net income available to common shareholders of $260 million and earnings per share of $0.54, up from $233 million and $0.45 in second quarter 2025 and slightly above first quarter 2026's $257 million and $0.53.
Return on common equity reached 12.3% and return on tangible common equity was 15.2%. According to First Horizon, net income available to common shareholders for the first half of 2026 rose 16% versus the first half of 2025, supported by 3% year-over-year loan growth. The company also detailed a same-day earnings conference call and webcast.
Positive
- Q2 2026 NIAC $260 million, up from $233 million in Q2 2025
- Q2 2026 EPS $0.54, versus $0.45 in Q2 2025
- First-half 2026 NIAC up 16% versus first half 2025
- Loan portfolio growth 3% year-over-year
- Return on common equity 12.3% and ROTCE 15.2% in Q2 2026
Negative
- None.
News Market Reaction – FHN
On the day this news was published, FHN declined 3.03%, reflecting a moderate negative market reaction. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $366M from the company's valuation, bringing the market cap to $11.72B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| 2026-04-15 | earnings report | Positive | -0.3% | Q1 2026 NIAC and EPS rose strongly year-over-year with higher ROTCE. |
| 2025-10-15 | earnings report | Positive | -9.4% | 3Q2025 NIAC and EPS increased versus 2Q2025, including higher adjusted earnings. |
| 2025-07-30 | stress test results | Positive | -0.6% | 2025 stress test showed CET1 comfortably above regulatory minimum with added loss capacity. |
| 2025-07-16 | earnings report | Positive | +2.1% | Q2 2025 NIAC and EPS increased with adjusted earnings and asset growth. |
| 2025-04-16 | earnings report | Positive | -1.6% | Q1 2025 NIAC and EPS improved versus Q4 2024 with notable items reduced. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings and related capital updates have, on average, been followed by slightly negative next-day moves despite broadly constructive fundamentals.
Key Terms
return on common equity financial
return on tangible common equity financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
"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."
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
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
Contact: Investor Relations - Tyler.Craft@firsthorizon.com
Media Relations - Beth.Ardoin@firsthorizon.com
* "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.
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SOURCE First Horizon Corporation