First Horizon (FHN) Q2 2026 Earnings Beat on Loan Growth and NII
As seen on the 24/7 Wall St. homepage on July 15, 2026.
First Horizon beat earnings estimates with a 12% year-over-year jump in net income to common shareholders, driven by $1.5 billion in average loan growth and a 5% rise in net interest income. The regional bank reiterated its 2026 outlook for adjusted revenue growth of 3-7%, signaling confidence despite a rough revenue comparison to the year-ago period.
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First Horizon posted Q2 2026 EPS of $0.54, coming in about 4% above the consensus estimate of $0.52. Net income to common shareholders rose 12% year over year, with $1.5 billion in average loan growth and a 5% increase in net interest income doing much of the heavy lifting. Revenue came in at $887 million, edging past the $880 million estimate.
The beat extends a consistent run of outperformance for the Memphis-based regional bank. Looking back over the past eight quarters, First Horizon has topped EPS estimates every single period, with reported figures climbing from $0.42 in Q3 2024 to $0.54 this quarter while estimates have steadily tracked higher as well. Management acknowledged a tough revenue comparison to the year-ago period but held firm on its 2026 guidance for adjusted revenue growth of 3–7%.
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Investors will be watching whether the loan growth momentum can continue as the rate environment evolves, and whether net interest income can sustain its upward trajectory into the back half of the year. The reiterated full-year outlook suggests management sees the current quarter's strength as durable rather than a one-time bounce.