First Horizon Corporation Reports Third Quarter 2026 Results and Announces Strategic Balance Sheet Changes to Support Earnings and Growth
First Horizon reported a Q3 2026 GAAP net loss of $(94) million, or $(0.20) per share, driven by $347 million of after-tax notable items tied to a strategic mortgage portfolio sale. Adjusted EPS of $0.53 was roughly flat sequentially and up $0.02 year-over-year. The company began evaluating a ~$4.5 billion sale of lower-yielding consumer mortgages during the quarter and signed the agreement in early October, with settlement expected early in Q4. Management said the sale will be accretive to earnings going forward and add balance-sheet flexibility for loan growth.
Key figures
- Adjusted eps
- 0.53
- Total assets
- $84.3 billion
- Deposit growth
- $1.3 billion
- Mortgage portfolio sale
- $4.5 billion
- Notable items after tax
- 347000000
- Notable items per share
- 0.73
AI analysis
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