First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through Regional Banking and Specialty Banking segments. It offers general banking services for consumers, businesses, financial institutions, and governments. The company also accepts deposits; provides underwriting services for bank-eligible securities and other fixed-income securities by financial subsidiaries; sells loans and derivatives; financial planning; and offers investment and financial advisory services. In addition, it offers mortgage banking; loan syndications; brokerage services; commercial and business banking for business enterprises, consumer banking, and private client and wealth management services; capital markets, professional commercial real estate, mortgage warehouse and asset-based lending, franchise and equipment finance, tax credit finance, energy and healthcare finance, asset management, and corporate and correspondent banking services. Further, the company provides transaction processing services including check clearing services and remittance processing, credit cards, investment, and sale of mutual fund and retail insurances, as well as trust, fiduciary, and agency services. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.

First Horizon looks like a bank with a solid capital base, but with a noticeable cooling in profitability over the last few quarters. Valuation at a P/E of 17.06 and a P/S of 2.57 is above the industry median, which requires higher earnings quality; however, the current quality metrics only partially support that. A P/B ratio around the industry median looks reasonable, but P/FCF is also above the benchmark, so the margin for overvaluation based on multiples is limited. The strong point is the very low debt burden: debt/equity of 0.14 is significantly below the industry level and has barely changed over the years, which reduces financial risk. At the same time, ROE of 7.30, ROA of 0.81, and ROI of 6.39 are noticeably below industry levels and worse than the company’s own readings in previous periods, indicating weakening capital efficiency. It is especially important that ROE and ROA have fallen from levels of around 10–11% and 1.1–1.2%, respectively, to current values, meaning the trend in asset and equity returns is negative. Net margin of 15.14% and operating margin of 20.74% are also below the median and worse than last year’s levels, which points to pressure on profitability. EPS and forecast EPS remain below industry benchmarks, and the year-over-year trend looks almost flat, with no clear acceleration in earnings growth. Revenue and net income in absolute terms remain high, and net income shows resilience, but revenue in the latest period declined compared with earlier quarters, which does not add confidence in growth acceleration. The balance sheet still looks stable: assets and equity are large, cash on hand has increased, and long-term debt remains stable. Dividend yield of about 0.69% is present, but it does not look high enough to offset the weaker profitability trend and the premium in multiples. Overall, the fundamentals support a moderately cautious view: financial stability is good, but earnings quality and capital efficiency have deteriorated, so it would be reasonable to slightly lower the price target.

First Horizon Corporation

Сильный индекс, без изменений. Быки крепко уверены в своих позициях.

Strong index, flat. The bulls are very confident in their positions.

Слабый индекс, значительно упал. Рынок на стороне быков.

Weak index, significantly down. The market is on the bulls' side.

Сильный индекс, без изменений. Отток средств из лонгов на высоком уровне.

Strong index, flat. Outflow of funds from longs at a high level.

Strong balance sheet and low debt support FHN, but declining ROE/ROA and higher valuation multiples limit re-rating potential.

In trading on Thursday, shares of First Horizon Corp's 6.50% Dep Shares Non-Cumulative Prfd Stock, Series E (Symbol: FHN.PRE) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $23.20 on the day. This compares to an average yield of 6.86% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, FHN.PRE was trading at a 6.80% discount to its liquidation preference amount, versus the average discount of 14.01% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
Below is a dividend history chart for FHN.PRE, showing historical dividend payments on First Horizon Corp's 6.50% Dep Shares Non-Cumulative Prfd Stock, Series E:
Further FHN.PRE Research:

First Horizon's Preferred Stock, Series E Shares Cross 7% Yield Mark

Zions Bancorporation National Association ZION maintains a disciplined capital distribution strategy, focusing on returning value to shareholders through regular increases in dividends and new share repurchase plans.
Last month, the company increased its quarterly cash dividend by 6.7% to 48 cents per share. Over the past five years, ZION has raised its dividend five times, with an annualized growth rate of 5.2%. The company has a payout ratio of 27% and currently offers a dividend yield of 2.58%.
Apart from dividends, Zions has been actively returning capital through share repurchases. Recently, the board authorized an additional $75 million common share repurchase program for the third quarter of 2026, bringing the 2026 repurchase target to $300 million.
During the second quarter of 2026, the company repurchased 1.2 million common shares for $75 million. This, together with regular dividend payouts, brought total capital distribution to $142 million in the quarter.
Zions has been pursuing strategic growth initiatives to strengthen its core operations. In March 2026, the company agreed to acquire the agency lending business of Basis Investment Group, expanding its real estate financing capabilities and capital markets platform. The deal is expected to enhance Zions' presence in high-growth Western markets and support long-term revenue growth through a broader range of commercial real estate lending solutions.
As of June 30, 2026, Zions' loans and leases totaled $62.5 billion, up 3% year over year, while total deposits increased 4% to $76.6 billion. The total borrowed funds declined 53% to $3.2 billion, primarily due to lower short-term FHLB advances, highlighting the company's improving funding profile. Further, ZION maintains an investment-grade BBB+ long-term issuer credit rating from S&P Global Ratings, reflecting its strong credit profile and ability to meet its financial obligations even during periods of economic stress.
The company’s estimated Common Equity Tier 1 (CET1) capital ratio improved to 11.8% as of June 30, 2026, from 11.0% a year earlier, while the Tier 1 risk-based capital ratio and total risk-based capital ratio were 11.9% and 14.0%, respectively. The Tier 1 leverage ratio improved to 9.4%, underscoring the company's solid capital strength and ability to withstand economic uncertainty.
Thus, Zions’ consistent dividend hikes, active share repurchases, and disciplined payout strategy indicate strong capital management and financial stability. Thus, the company is well-positioned to sustain enhanced capital distribution activities and reinforce investor confidence in its long-term prospects.
Zions’ Price Performance
Over the past six months, shares of Zions Bancorporation have gained 9.2%, outperforming the industry's 1% growth.
Currently, ZION carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Peer Banks’ Capital Return Strategy
KeyCorp KEY follows a disciplined capital distribution strategy through dividends and share repurchases. In July 2026, the company declared a quarterly common cash dividend of 20.5 cents per share. The dividend will be paid out on Sept. 15, 2026, to shareholders of record as of Sept. 1.
During the second quarter of 2026, KEY repurchased $341 million of its common shares while maintaining a strong Common Equity Tier 1 (CET1) ratio of 11.2%.
Management reaffirmed its commitment to delivering shareholder value through a balanced capital return strategy, supported by a resilient balance sheet and solid capital generation.
First Horizon Corporation FHN has a disciplined capital distribution strategy in place. Last month, the company's board declared a quarterly cash dividend of 17 cents per common share. This will be paid out on Oct. 1, 2026, to shareholders of record as of Sept. 11.
During the second quarter of 2026, FHN repurchased approximately 3.5 million common shares for $69 million.
Supported by solid earnings and healthy profitability, the company remains committed to returning capital to shareholders while investing in long-term growth initiatives.
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Is Zions Well-Positioned to Sustain Enhanced Capital Returns?

In trading on Thursday, shares of First Horizon Corp's Dep Shares RPRSTG 6.75% Non-Cumulative Perpetual Preferred Stock, Series H (Symbol: FHN.PRH) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.2125), with shares changing hands as low as $24.54 on the day. This compares to an average yield of 6.76% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, FHN.PRH was trading at a 1.52% discount to its liquidation preference amount, versus the average discount of 12.69% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
Below is a dividend history chart for FHN.PRH, showing historical dividend payments on First Horizon Corp's Dep Shares RPRSTG 6.75% Non-Cumulative Perpetual Preferred Stock, Series H:
Further FHN.PRH Research:
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First Horizon's Preferred Stock, Series H Shares Cross 9% Yield Mark

Huntington Bancshares Incorporated HBAN reported second-quarter 2026 adjusted earnings per share (EPS) of 39 cents, which matched the Zacks Consensus Estimate. In the prior-year quarter, the company reported EPS of 38 cents.
Results reflected improvements in net interest income (NII) and non-interest income. Also, an increase in loan and deposit balances was a tailwind. However, an increase in non-interest expenses and higher provisions acted as a spoilsport.
The quarter’s results excluded 6 cents per share of the after-tax impact of acquisition-related expenses. After considering this, net income attributable to common shareholders (GAAP basis) was $727 million, up 36% year over year.
HBAN’s Revenues & Expenses Increase
Total quarterly revenues (on a fully taxable-equivalent or FTE basis) increased 46% year over year to $2.86 billion in the second quarter. The top line surpassed the Zacks Consensus Estimate of $2.85 billion.
NII (FTE basis) was $2.07 billion, up 40% from the prior-year quarter’s tally. The increase reflected higher average earning assets and an expansion in net interest margin (NIM). NIM rose 10 basis points year over year to 3.21%.
Non-interest income climbed 67% year over year to $785 million. The upside was driven by increases in capital markets and advisory fees, payments and cash management revenues, customer deposit and loan fees, wealth and asset management revenues and mortgage banking income. The prior-year quarter also included a $58-million loss from the sale of certain investment securities.
Non-interest expenses surged 51% year over year to $1.81 billion. The rise was mainly due to increases in personnel costs, outside data processing and other services, net occupancy expenses, equipment costs and amortization of intangibles. Adjusted non-interest expenses increased 39% to $1.66 billion.
The efficiency ratio was 61.5%, up from 59% in the year-ago quarter. An increase in the efficiency ratio indicates lower profitability.
HBAN’s Loans and Deposits Increase
Average loans and leases at Huntington rose 9% sequentially to $189.3 billion. Growth was supported by the full-quarter impact of the Cadence acquisition and organic growth across corporate and specialty banking, asset finance and middle-market lending.
Average total deposits increased 9% sequentially to $223.4 billion. The rise was driven by the full-quarter impact of the Cadence acquisition and growth in demand, savings and time deposits.
HBAN’s Credit Quality Deteriorates
Net charge-offs were $119 million, up from $66 million reported in the prior-year quarter. The quarter-end allowance for credit losses increased to $3.38 billion from $2.52 billion in the year-ago quarter. Total non-performing assets were $1.61 billion as of June 30, 2026, up from $852 million in the prior-year quarter.
Net charge-offs as a percentage of average total loans and leases were 0.25%, up from 0.20% in the year-ago quarter.
In the second quarter, the company recorded a provision for credit losses of $132 million, up from $103 million in the year-ago quarter.
HBAN’s Capital Ratios: Mixed Bag
The common equity tier 1 (CET1) risk-based capital ratio was 10% in the second quarter, down from 10.5% in the year-ago period.
The regulatory Tier 1 risk-based capital ratio was 11.3%, down from 11.8% in the comparable period in 2025.
The tangible common equity to tangible assets ratio was 7.1%, up from 6.6% in the year-ago quarter.
HBAN’s Share Repurchase Update
During the second quarter, Huntington repurchased $159 million of common shares. The company repurchased $309 million, or approximately 19 million shares, in the first half of 2026.
Our View on HBAN
The company’s acquisitions and continued organic loan and deposit growth are likely to support revenues. In June 2026, Huntington successfully completed the systems conversion of Cadence Bank, marking the final major integration milestone. The company also realized $70 million of annualized run-rate expense savings in the second quarter from its October 2025 Veritex acquisition and expects the full earnings contribution from its recent acquisitions by the fourth quarter. The anticipated cost and revenue synergies are encouraging. However, elevated expenses and an increase in non-performing assets remain concerns.
Huntington Bancshares Incorporated Price, Consensus and EPS Surprise
Huntington Bancshares Incorporated price-consensus-eps-surprise-chart | Huntington Bancshares Incorporated Quote
Currently, Huntington carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Banks
First Horizon Corporation FHN posted second-quarter 2026 earnings per share of 54 cents, surpassing the Zacks Consensus Estimate of 52 cents. This compares favorably with 45 cents in the year-ago quarter
FHN’s results benefited from higher NII and non-interest income, along with a lower provision for credit losses. Higher loan and deposit balances also provided support. However, rising expenses and weaker capital ratios were headwinds.
M&T Bank Corporation MTB reported second-quarter 2026 net operating earnings per share of $5.35, which beat the Zacks Consensus Estimate of $4.66. The bottom line compared favorably with earnings of $4.28 per share in the year-ago quarter.
MTB’s results were aided by higher NII and a rise in non-interest income on a year-over-year basis, along with loan growth. However, higher expenses acted as headwinds.
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Huntington Q2 Earnings Match Estimates as NII & Fee Income Rise Y/Y

Bank OZK OZK reported second-quarter 2026 earnings per share (EPS) of $1.49, which surpassed the Zacks Consensus Estimate of $1.46. However, the bottom line declined 5.7% year over year from $1.58.
Results benefited from higher non-interest income and deposit balances. Progress in the strategic diversification of the loan portfolio also provided support. However, a higher provision for credit losses, rising expenses, lower net interest income (NII) and weakening credit quality were headwinds. Given the concern, OZK shares lost nearly 1.3% during yesterday's trading session.
Net income available to common shareholders was $163.3 million, down 8.7% from the year-ago quarter’s $178.9 million. Our estimate for the metric was $158.3 million.
OZK’s Revenues & Expenses Rise
Net revenues were $430.02 million, up 0.5% year over year. The top line missed the Zacks Consensus Estimate of $432.02 million.
NII was $392.1 million, down 1.2% year over year. Our estimate for the metric was $397.3 million.
The net interest margin (NIM), on a fully-taxable-equivalent basis, contracted 12 basis points year over year to 4.24%. Our estimate for NIM was 4.13%.
Non-interest income was $37.9 million, up 21% from the year-ago quarter. The increase reflected growth in deposit-related fees, loan-related fees and other income. Our estimate for the metric was $32.7 million.
Non-interest expenses were $170.6 million, up 11.4% from the prior-year quarter. The increase was due to higher salaries and employee benefits, net occupancy and equipment costs and other operating expenses. We expected this metric to be $166.4 million.
Bank OZK’s efficiency ratio was 39.16%, up from 35.46% in the year-ago quarter, indicating reduced profitability.
OZK’s Loan Balances Decline & Deposits Rise
As of June 30, 2026, total loans were $32.6 billion, down 1.3% from the prior quarter. Total deposits were $34 billion, reflecting increases of 0.7% sequentially. Our estimates for total loans and deposits were $33.7 billion and $34.7 billion, respectively.
OZK’s Credit Quality Weakens
Net charge-offs to average total loans grew to 0.69% from 0.10% in the year-ago quarter. Provision for credit losses was $45.6 million, rising 29.5% year over year. We projected provisions of $52.3 million.
The ratio of non-performing loans to total loans was 0.92% as of June 30, 2026, up from 0.18% a year ago. The non-performing assets-to-total assets ratio increased to 1.42% from 0.53%.
Profitability Ratios Decline for Bank OZK
At the end of the second quarter, return on average assets was 1.60%, down from 1.81% in the year-earlier quarter. Return on average common equity also declined to 11.14% from 12.98%.
Bank OZK’s Capital Deployment
During the second quarter, the company authorized a new $200 million share repurchase program through July 1, 2027, replacing the previous $200 million authorization announced in June 2025.
Bank OZK also increased its quarterly common stock dividend by 9.3% year over year to 47 cents per share, marking its 64th consecutive quarterly dividend increase.
Our Take on Bank OZK
Bank OZK continues to benefit from strong growth in non-interest income, record deposit balances and ongoing diversification of its loan portfolio, particularly through the expansion of its Corporate & Institutional Banking business. Management also remains optimistic about achieving stronger loan growth over the long term as diversification efforts continue. However, elevated operating expenses, higher provisions, declining NII and deteriorating asset quality remain key headwinds.
Bank OZK Price, Consensus and EPS Surprise
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performances of Other Banks
First Horizon Corporation FHN posted second-quarter 2026 earnings per share of 54 cents, surpassing the Zacks Consensus Estimate of 52 cents. This compares favorably with 45 cents in the year-ago quarter.
FHN’s results benefited from higher NII and non-interest income, along with a lower provision for credit losses. Higher loan and deposit balances also provided support. However, rising expenses and weaker capital ratios were headwinds.
Citizens Financial Group CFG reported second-quarter 2026 earnings per share of $1.30, which surpassed the Zacks Consensus Estimate of $1.25. The metric rose 41% from the year-ago quarter.
CFG’s results benefited from a rise in NII and non-interest income. Growth in loan and deposit balances and an improvement in credit quality were also encouraging. However, a rise in expenses and a weaker capital position were major headwinds.
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Bank OZK Q2 Earnings Beat Estimates on Higher Fee Income, Shares Fall

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First Horizon (FHN) Q2 2026 Earnings Call Transcript

BOK Financial Corporation's BOKF second-quarter 2026 adjusted earnings of $2.59 per share surpassed the Zacks Consensus Estimate of $2.56. The bottom line jumped 18.3% from the prior-year quarter.
BOKF’s results benefited from higher net interest income (NII) and total fees and commissions. An increase in loans was another positive. However, the rise in operating expenses was a major undermining factor.
Excluding the net gain related to the exchange of Visa B shares and the loss from repositioning the available-for-sale securities portfolio, net income attributable to shareholders (GAAP basis) was $176.5 million compared with $140 million in the prior-year quarter.
BOK Financial’s Revenues & Expenses Rise
Quarterly net revenues of $589.4 million (NII and total other operating revenues) rose 10.1% year over year. The top line surpassed the Zacks Consensus Estimate of $559 million.
NII was $351.8 million, up 7.2% year over year. The net interest margin expanded 11 basis points to 2.91%.
Total fees and commissions were $202 million, up 2.4% year over year. The rise was driven by higher transaction card revenues, fiduciary and asset management revenues, and deposit service charges and fees, partially offset by lower brokerage and trading revenues, mortgage banking revenues, and other revenues.
Total other operating expenses were $361.7 million, up 2% year over year. This rise was mainly driven by personnel, business promotion, net occupancy and equipment, FDIC and other insurance, data processing and communications, printing, postage and supplies, mortgage banking costs, and other expenses.
The efficiency ratio was 60.21% compared with the prior-year quarter’s 65.42%. A fall in the efficiency ratio indicates a rise in profitability.
BOKF’s Loans & Deposits Rise Sequentially
As of June 30, 2026, total loans were $27.1 billion, up 3.4% from the prior quarter. The increase was driven by growth in commercial loans and loans to individuals, while commercial real estate loans remained relatively stable.
Total deposits were $39.9 billion, up 3% sequentially. The rise was due to higher demand, interest-bearing transaction and time deposits, partially offset by a decline in savings deposits.
BOKF Credit Quality Improves
As of June 30, 2026, non-performing assets were $62.7 million or 0.23% of outstanding loans and repossessed assets compared with $81.1 million or 0.33% in the prior-year quarter.
The company recorded nil provisions for credit losses, unchanged from the prior-year quarter.
The company recorded net charge-offs of $500,000 compared with $561,000 in the year-ago quarter.
The allowance for loan losses was 1.02% of outstanding loans as of June 30, 2026, which declined 12 bps from the year-ago quarter.
BOKF’s Capital & Profitability Ratios
As of June 30, 2026, the common equity Tier 1 capital ratio was 12.89% compared with 13.59% a year earlier. The Tier 1 capital ratio and total capital ratio were 12.90% and 14.67%, respectively, compared with 13.60% and 14.48% as of June 30, 2025.
At the end of the second quarter, return on average equity was 11.73%, up from the year-earlier quarter’s 9.70%. Return on average assets was 1.30%, up from 1.07% a year ago.
BOK Financial’s Share Repurchase Update
The company repurchased 2,519 shares for $327,000 during the second quarter of 2026 at an average price of $129.89 per share.
Our View on BOK Financial
BOKF’s higher NII, fee income and solid loan balances continue to support its overall performance. The company’s improving profitability ratios and deposit growth are positive. However, rising operating expenses pose a near-term concern.
BOK Financial Corporation Price, Consensus and EPS Surprise
Currently, BOK Financial carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Banks
First Horizon Corporation FHN posted second-quarter 2026 earnings per share of 54 cents, surpassing the Zacks Consensus Estimate of 52 cents. This compares favorably with 45 cents in the year-ago quarter.
FHN’s results benefited from higher NII and non-interest income, along with a lower provision for credit losses. Higher loan and deposit balances also provided support. However, rising expenses and weaker capital ratios were headwinds.
M&T Bank Corporation MTB reported second-quarter net operating earnings per share of $5.35, which beat the Zacks Consensus Estimate of $4.66. The bottom line compared favorably with earnings of $4.28 in the year-ago quarter.
MTB’s results were aided by higher NII and a rise in non-interest income on a year-over-year basis, along with loan growth. However, higher expenses acted as headwinds.
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BOK Financial Q2 Earnings Beat Estimates as NII & Fee Income Rise Y/Y

First Horizon Corporation FHN posted second-quarter 2026 earnings per share (EPS) of 54 cents, surpassing the Zacks Consensus Estimate of 52 cents. This compares favorably with 45 cents in the year-ago quarter.
Results benefited from higher net interest income (NII) and non-interest income, along with a lower provision for credit losses. Higher loan and deposit balances also provided support. However, rising expenses and weaker capital ratios were headwinds. Given these concerns, FHN shares lost nearly 3% in yesterday’s trading session.
Net income available to its common shareholders was $260 million, up 12% year over year.
FHN’s Revenues & Expenses Rise
Total quarterly revenues were $887 million, which increased 7% year over year. The top line surpassed the Zacks Consensus Estimate of $873.5 million.
NII increased 5% year over year to $676 million. Additionally, the net interest margin expanded 9 basis points from the prior-year quarter to 3.49%.
Non-interest income was $211 million, rising 12% year over year. The increase reflected growth in brokerage, trust and insurance income, fixed income revenues, mortgage banking revenues and deferred compensation income.
Non-interest expenses increased 8% year over year to $531 million. The rise was mainly due to higher salaries and benefits, outside services, occupancy and equipment, and deferred compensation expenses.
The efficiency ratio was 59.88%, up from 59.20% in the same quarter last year. A rise in the efficiency ratio indicates lower profitability.
FHN’s Q2 Segment Results
Commercial, Consumer and Wealth revenues were $777 million, up 3% year over year. The segment’s net income increased 3% to $304 million.
Wholesale revenues rose 13% year over year to $125 million. However, the segment’s net income declined 22% to $18 million.
Corporate revenues were negative $15 million compared with negative $38 million in the prior-year quarter. The segment reported a net loss of $48 million, narrower than the year-ago loss of $75 million.
FHN’s Loans & Deposits Balances Increase
Total period-end loans and leases, net of unearned income, were $65.3 billion, up 1.5% from the end of the prior quarter. Total period-end deposits were $68.1 billion, increasing 2.4% sequentially.
FHN’s Credit Quality Improves
Non-performing loans and leases totaled roughly $531 million, down from $593 million in the prior-year quarter. The non-performing loans and leases ratio declined to 0.81% from 0.94%.
The allowance for credit losses to loans and leases ratio was 1.24%, down from 1.42% in the year-ago quarter.
Net charge-offs were $33 million, down 3% year over year. Provision for credit losses was $15 million compared with $30 million in the year-ago quarter.
FHN’s Capital Ratios Deteriorate
As of June 30, 2026, the common equity tier 1 ratio was 10.5%, down from 11% reported at the end of the year-ago quarter.
The total capital ratio was 13.4%, down from 14% a year ago. The tier 1 leverage ratio declined slightly to 10.5% from 10.6% in the prior-year quarter.
FHN’s Capital Deployment
During the quarter, FHN repurchased $100 million worth of shares at an average price of $24.52 per share. The company had $665 million remaining under its share repurchase authorization.
Our Viewpoint on FHN
First Horizon benefited from higher net interest income, solid non-interest income growth, loan and deposit growth, and improved credit quality. However, rising expenses, a higher efficiency ratio and lower capital ratios remain areas to watch going forward.
First Horizon Corporation Price, Consensus and EPS Surprise
FHN currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Dates & Expectations of Other Stocks
Regions Financial RF is scheduled to release second-quarter 2026 earnings on July 17.
The consensus estimate for RF’s quarterly earnings has remained unchanged at 64 cents per share over the past seven days. This indicates a 6.7% increase from the year-ago reported level.
Truist Financial TFC is slated to report second-quarter 2026 results on July 17.
Over the past seven days, the Zacks Consensus Estimate for TFC’s quarterly earnings has remained unchanged at $1.08 per share. This indicates an 18.7% increase from the year-ago reported level.
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FHN Shares Fall Despite Q2 Earnings Beat on Higher NII & Fee Income

First Horizon National (FHN) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 2.63%. A quarter ago, it was expected that this bank holding company would post earnings of $0.46 per share when it actually produced earnings of $0.46, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
First Horizon, which belongs to the Zacks Banks - Southwest industry, posted revenues of $1.03 billion for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 25.70%. This compares to year-ago revenues of $743 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
First Horizon shares have lost about 47.7% since the beginning of the year versus the S&P 500's gain of 18.6%.
What's Next for First Horizon?
While First Horizon has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for First Horizon: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.37 on $820.81 million in revenues for the coming quarter and $1.52 on $3.31 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the bottom 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Southside Bancshares (SBSI), has yet to report results for the quarter ended June 2023. The results are expected to be released on July 25.
This holding company for Southside Bank is expected to post quarterly earnings of $0.69 per share in its upcoming report, which represents a year-over-year change of -12.7%. The consensus EPS estimate for the quarter has been revised 4.2% lower over the last 30 days to the current level.
Southside Bancshares' revenues are expected to be $64.9 million, up 1.5% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

First Horizon National (FHN) Q2 Earnings and Revenues Top Estimates

(RTTNews) - First Horizon Corporation (FHN) released a profit for its second quarter that Increases, from the same period last year
The company's bottom line totaled $260 million, or $0.54 per share. This compares with $233 million, or $0.45 per share, last year.
Excluding items, First Horizon Corporation reported adjusted earnings of $262 million or $0.54 per share for the period.
The company's revenue for the period rose 6.9% to $887 million from $830 million last year.
First Horizon Corporation earnings at a glance (GAAP) :
-Earnings: $260 Mln. vs. $233 Mln. last year. -EPS: $0.54 vs. $0.45 last year. -Revenue: $887 Mln vs. $830 Mln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Periodand min./max. price, $	Price change, %		Volatility, %		Volume, $
Periodand min./max. price, $	FHN	Industry	FHN	Industry	Volume, $
Yesterday 23.3 - 23.8	0.34	3.61	10.94	2.15	—
Week 23.0 - 23.8	1.19	5.79	2.11	1.79	785.91M
Month 22.3 - 23.8	0.08	5.96	6.16	4.57	4.03B
3 Months 22.3 - 26.4	-8.98	8.96	11.35	9.43	8.38B
6 Months 22.3 - 26.4	-5.79	8.05	17.54	15.42	13.95B
Year 20.4 - 26.6	9.48	22.56	22.19	22.83	28.79B
3 years 10.4 - 26.6	120.41	22.66	53.14	46.38	81.02B
5 years 9.0 - 26.6	39.96	11.86	81.75	61.35	128.68B
All time 3.8 - 39.1	-43.02	9.63	—	—	96.31B

First Horizon Corporation

Price and volatility history

Risk ratios