First Horizon Corporation Reports Third Quarter 2026 Results and Announces Strategic Balance Sheet Changes to Support Earnings and Growth
Key Highlights
- ➤$0.20 third-quarter loss per share available to common shareholders
- ➤$0.53 adjusted third-quarter EPS, down $0.01 sequentially
- ➤$4.5 billion mortgage portfolio sale agreed, expected to settle early Q4
- ➤$347 million after-tax notable items primarily reflected mortgage reclassification
- ➤$1.3 billion increase in average client deposit balances
Expert Statements
Bryan Jordan, Chairman, President and CEO of First Horizon Corporation
“This quarter's results are a testament to our disciplined approach and clear strategic priorities.”
Bryan Jordan, Chairman, President and CEO of First Horizon Corporation
“Average client deposit balances increased $1.3 billion in the quarter, and we continue to focus on growing and maintaining full client relationships and deploying capital where it best serves long-term value creation.”
Bryan Jordan, Chairman, President and CEO of First Horizon Corporation
“Looking ahead, we remain committed to executing our strategy and delivering sustainable growth and value for our clients, associates, and shareholders.”
First Horizon Corporation Reports Third Quarter 2026 Results and Announces Strategic Balance Sheet Changes to Support Earnings and Growth PR Newswire
MEMPHIS, Tenn., Oct. 15, 2026 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) (or "First Horizon") today reported financial results for the third quarter of a net loss available to common shareholders of $(94) million or loss per share of $(0.20). These results reflect the impact of strategic actions to further align the balance sheet with the Company's growth priorities. During the quarter, the Company began evaluating the possibility of selling ~$4.5 billion of select lower yielding consumer mortgages and, in early October, entered into an agreement to sell these mortgages. This transaction will be accretive to earnings on a go forward basis and will provide balance sheet flexibility to support future loan growth. The transaction is expected to settle early in the fourth quarter.
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