FIRST HORIZON CORP (FHN) Form 8-K — Oct 15, 2026
First Horizon reported a third-quarter 2026 net loss available to common shareholders of $94 million, or $(0.20) per diluted share, driven by a $473 million pre-tax loss tied to reclassifying roughly $4.5 billion of low-yielding consumer mortgages to held-for-sale ahead of a portfolio sale agreed in early October. Excluding notable items totaling $0.73 per share ($347 million after tax), adjusted EPS was $0.53, down a penny from Q2 2026 but up $0.02 year-over-year, with adjusted ROTCE of 14.4% and a CET1 ratio of 10.3%.
Key figures
- Revenue
- 407000000
- Tbvps
- 13.84
- Npl Ratio
- 0.81%
- Cet1 Ratio
- 10.3%
- Cet1 Impact
- ~45 bps decrease
- Adjusted EPS
- 0.53
- Total Assets
- $84.3 billion
- Adjusted NIAC
- $253 million
- Net Charge Offs
- $36 million (0.22%)
- Period End Loans
- $59.8 billion
- Dividend Per Share
- 0.17
- Net Interest Margin
- 3.48%
- Period End Deposits
- $67.7 billion
- Loss On Mortgage Sale
- -$473 million
- Net Interest Income FTE
- 686000000
- Notable Items After Tax
- -$347 million
- Rotce Improvement2027
- ~150 bps
- Earnings Accretion2027
- +4% or +$45 million after-tax
- Mortgage Portfolio Sale Size
- ~$4.5 billion
- Buyback Authorization Remaining
- $661 million
AI analysis
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