Monitor Q4 2026 results for the mortgage sale settlement and its impact on NIM and fee income. The adjusted EPS beat was marginal; the GAAP loss and balance sheet restructuring signal a strategic pivot that may pressure near-term returns.
Price Chart
Executive Summary
First Horizon reported a GAAP net loss of $(0.20) per share for Q3 2026 due to a $347M after-tax charge from reclassifying ~$4.5B of consumer mortgages to held for sale. Adjusted EPS of $0.53 beat consensus by 1.1% and was up $0.02 YoY, but the headline loss and pending portfolio sale introduce near-term uncertainty.
Key Financial Metrics
Key Facts
- GAAP net loss available to common shareholders of $(94)M or $(0.20) per share for Q3 2026
- Adjusted EPS of $0.53 beat consensus of $0.52 by 1.1%
- Notable items totaled $0.73 per share ($347M after-tax) from reclassifying mortgage loans to held for sale
- Company entered agreement to sell ~$4.5B of lower-yielding consumer mortgages, expected to settle early Q4 2026
- Average client deposit balances increased $1.3B during the quarter
Financial Impact
$347M after-tax charge from mortgage portfolio reclassification; $4.5B mortgage sale pending
Risk Factors
- Mortgage sale may close at a discount or face execution risk
- Adjusted EPS declined sequentially ($0.54 to $0.53), suggesting core earnings pressure
- GAAP loss and restructuring could weigh on investor sentiment
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302909351 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $23.52 | awaiting T+5 | — | $23.35 (−0.72%) |
Oct 26, 2026 1d ago | Press Release | $23.36 | awaiting T+5 | — | $23.35 (−0.04%) |
Oct 22, 2026 5d ago | SC 13G/A | $23.54 | awaiting T+5 | — | $23.35 (−0.81%) |
Oct 21, 2026 6d ago | Institutional Cluster | $23.54 | awaiting T+5 | — | $23.35 (−0.81%) |
Oct 19, 2026 8d ago | Press Release | $22.73 $23.43 | ▲ +3.08% | ▲ +3.22% | $23.35 (+2.73%) |
Oct 15, 2026 12d ago | 8-K | $22.86 $23.54 | ▲ +2.97% | ▲ +3.99% | $23.35 (+2.14%) |
Oct 15, 2026 12d ago | Press Release | $22.86 $23.54 | ▼ −2.97% | ▼ −3.99% | $23.35 (−2.14%) |
Oct 15, 2026 13d ago | Court Ruling | $22.88 $23.44 | ▲ +2.45% | ▲ +2.88% | $23.35 (+2.05%) |
Oct 11, 2026 17d ago | Court Ruling | $23.06 $22.73 | ▼ −1.43% | ▲ +0.06% | $23.35 (+1.26%) |
Oct 5, 2026 22d ago | SC 13G | $23.34 $22.77 | ▼ −2.44% | ▼ −2.30% | $23.35 (+0.04%) |
US Market Status
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