Quarterly ResultJul 15, 2026, 06:36 AM
First Horizon Q2 2026 Net Income $260M, EPS $0.54
AI Summary
First Horizon Corporation reported strong second quarter 2026 results, with net income available to common shareholders reaching $260 million, a 12% increase year-over-year. Diluted EPS rose to $0.54, up $0.09 from the second quarter of 2025. The company demonstrated disciplined execution with 3% year-over-year loan growth and robust returns on equity, while also executing $100 million in share repurchases.
Key Highlights
- Net income available to common shareholders was $260 million, up 12% year-over-year.
- Diluted earnings per share (EPS) was $0.54, an increase of $0.09 from Q2 2025.
- Return on common equity (ROCE) reached 12.3% and return on tangible common equity (ROTCE) was 15.2%.
- Average loan balances grew 3% year-over-year to $64.7 billion, up $1.5 billion quarter-over-quarter.
- Average deposits increased by $572 million quarter-over-quarter to $66.8 billion.
- The Common Equity Tier 1 (CET1) ratio stood at 10.5%.
- The company repurchased $100 million in shares during the quarter.
- Nonperforming loans decreased by $75 million to $531 million.
Price Impact