The consistent beat and maintained guidance reinforce FHN's steady execution. Watch for NIM trajectory given deposit cost pressure and any rate cut signals. The $665M remaining buyback authorization provides downside support.
Price Chart
Executive Summary
First Horizon reported Q2 2026 EPS of $0.54, beating consensus of $0.52 by 3.8%, with net income available to common shareholders of $260M (+12% YoY) and total revenue of $887M (+7% YoY). The company reiterated its 2026 outlook, maintained CET1 at 10.5%, and repurchased $100M in stock, reflecting steady operational execution and improving credit quality.
Key Financial Metrics
Key Facts
- GAAP diluted EPS $0.54 vs consensus $0.52 (beat by 3.8%)
- Net income available to common shareholders $260M, up 12% YoY from $233M
- Total revenue $887M, up 7% YoY from $830M
- Net interest margin 3.49%, down 3bps QoQ but up 9bps YoY
- Nonperforming loan ratio improved to 0.81% from 0.94% QoQ
- CET1 ratio stable at 10.5%; share repurchases of $100M at $24.52/share
- Dividend maintained at $0.17 per common share
- 2026 outlook reiterated: adjusted revenue growth 3-7%, expenses ~0% growth, NCOs 0.15-0.25%
Financial Impact
Modest EPS beat of $0.02 (3.8%) with 12% NIAC growth; revenue slightly above consensus; no guidance change.
Risk Factors
- NIM compression from rising deposit costs and potential Fed rate cuts
- Expense growth outpacing revenue (efficiency ratio worsened to 59.88% from 58.54% QoQ)
- Fixed income revenue declined 14% QoQ, signaling market headwinds in that segment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000036966-26-000143 |
| Document: a2q26earningsslides.htm | 0000036966-26-000143 |
| Document: fhn-20260715.htm | 0000036966-26-000143 |
| Document: 0000036966-26-000143-index-headers.html | 0000036966-26-000143 |
| Document: 0000036966-26-000143-index.html | 0000036966-26-000143 |
| Document: 0000036966-26-000143.txt | 0000036966-26-000143 |
| 8-K Data (Synthetic) | 0000036966-26-000143 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 5w ago | Press Release | $24.32 $23.10 | ▼ −5.02% | ▼ −4.83% | $23.42 (−3.70%) |
Aug 20, 2026 6w ago | Press Release | $24.63 $23.93 | ▼ −2.84% | ▼ −2.32% | $23.42 (−4.91%) |
Jul 31, 2026 9w ago | Press Release | $25.80 $24.32 | ▼ −5.74% | ▼ −6.97% | $23.42 (−9.22%) |
Jul 23, 2026 10w ago | Press Release | $25.53 $24.63 | ▼ −3.53% | ▼ −7.15% | $23.42 (−8.26%) |
Jul 20, 2026 10w ago | Press Release | $25.47 $26.02 | ▲ +2.16% | ▼ −1.96% | $23.42 (−8.05%) |
Jul 15, 2026 11w ago | 8-K | $24.94 $25.88 | ▲ +3.77% | ▲ +1.43% | $23.42 (−6.09%) |
Apr 15, 2026 24w ago | 8-K | $24.99 $24.96 | ▼ −0.12% | ▼ −6.16% | $23.42 (−6.28%) |
Mar 16, 2026 28w ago | DEFA14A | $21.84 $24.17 | ▲ +10.67% | ▲ +6.37% | $23.42 (+7.23%) |
US Market Status
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