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First Horizon (FHN) Reports Q2 Earnings: What Key Metrics Have to Say

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For the quarter ended June 2026, First Horizon National (FHN - Free Report) reported revenue of $887 million, up 6.4% over the same period last year. EPS came in at $0.54, compared to $0.45 in the year-ago quarter.

The reported revenue represents a surprise of +1.55% over the Zacks Consensus Estimate of $873.47 million. With the consensus EPS estimate being $0.52, the EPS surprise was +3.85%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how First Horizon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Average Balance - Total interest earning assets: $78.06 billion versus the three-analyst average estimate of $78.03 billion.
  • Efficiency Ratio: 59.9% versus the three-analyst average estimate of 57.5%.
  • Net Interest Margin (FTE): 3.5% versus 3.5% estimated by three analysts on average.
  • Total nonperforming loans and leases: $531 million versus $603 million estimated by two analysts on average.
  • Net charge-off ratio: 0.2% compared to the 0.2% average estimate based on two analysts.
  • Net Interest Income: $676 million versus $678.48 million estimated by three analysts on average.
  • Total Non-Interest Income: $211 million versus the three-analyst average estimate of $198.21 million.
  • Net interest income (FTE): $679 million versus $680.14 million estimated by two analysts on average.

View all Key Company Metrics for First Horizon here>>>

Shares of First Horizon have returned +3.2% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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