Earnings ·
Reports $0.20 loss per share for Q3 2026 amid pending sale of ~$4.5B in mortgages
FHNFirst Horizon Corp
First Horizon Corporation reported a net loss available to common shareholders of $94 million, or $0.20 per diluted share, for the third quarter ended September 30, 2026. The results were heavily impacted by notable items totaling $347 million after tax, primarily driven by a $473 million pre-tax loss on the reclassification of select mortgage loans to held for sale in relation to an agreement to sell approximately $4.5 billion of lower-yielding consumer mortgages. Excluding these notable items, adjusted earnings per share was $0.53. The company also announced strategic balance sheet changes and restructuring expenses of $3 million. First Horizon Corporation is a regional financial services company headquartered in Memphis, Tennessee.