First Horizon (NYSE:FHN) reported better-than-expected second-quarter earnings, helping lift its shares more than 3 percent in premarket trading on Wednesday as the regional lender delivered higher profitability and continued loan growth.
Earnings come in ahead of expectations
The Memphis-based bank posted earnings per share of 0.54 dollars for the second quarter, ahead of analysts’ consensus estimate of 0.52 dollars.
Net income available to common shareholders increased 12 percent year on year to 260 million dollars, while earnings improved by 0.09 dollars per share compared with the same quarter in 2025.
Following the results, First Horizon shares rose 3.6 percent in premarket trading.
Loan growth supports performance
The bank said disciplined execution and continued investment in customer relationships helped drive its results.
Loan balances increased 3 percent from a year earlier, contributing to improved profitability across the business.
Chairman, President and Chief Executive Officer Bryan Jordan said:
“Our results represent another quarter of disciplined execution.”
He added:
“This performance is the result of our focus on developing client relationships and prioritizing and delivering outstanding service.”
Jordan also noted:
“Net income available to common shareholders grew 16% in the first half of 2026 compared to the first half of 2025, reflecting strength across multiple aspects of the business.”
Profitability and returns improve
First Horizon generated a return on common equity of 12.3 percent during the quarter, while return on tangible common equity increased to 15.2 percent.
Total assets stood at 84.4 billion dollars as of 30 June 2026.
Net income available to common shareholders reached 260 million dollars, compared with 257 million dollars in the first quarter of 2026 and 233 million dollars in the second quarter of the previous year.
Regional banking franchise continues to expand
First Horizon operates through First Horizon Bank across 12 states in the southern United States, offering a broad range of financial services including commercial banking, consumer banking, private banking, wealth management, trust services, capital markets, fixed income, retail brokerage and mortgage banking.
The latest quarterly results highlight the bank’s continued focus on relationship-driven growth while maintaining steady improvements in earnings and profitability.
First Horizon stock price
