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First Horizon (FHN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended September 2026, First Horizon National (FHN - Free Report) reported revenue of $880 million, down 1% over the same period last year. EPS came in at $0.53, compared to $0.51 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $889.25 million, representing a surprise of -1.04%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.53.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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:
  • Net Interest Margin (FTE): 3.5% versus 3.5% estimated by six analysts on average.
  • Net charge-off ratio: 0.2% versus the five-analyst average estimate of 0.2%.
  • Average Balance - Total interest earning assets: $78.46 billion compared to the $78.6 billion average estimate based on four analysts.
  • Tier 1 Leverage Ratio: 10.2% versus 10.4% estimated by two analysts on average.
  • Tier 1 captial ratio: 11.7% versus 11.4% estimated by two analysts on average.
  • Total Capital Ratio: 13.2% versus 13.1% estimated by two analysts on average.
  • Total nonperforming loans and leases: $482 million versus the two-analyst average estimate of $525.5 million.
  • Total Non-Interest Income: $197 million versus the six-analyst average estimate of $202.96 million.
  • Net interest income (FTE): $686 million versus the five-analyst average estimate of $685.1 million.
  • Fixed income: $49 million versus $43.05 million estimated by four analysts on average.
  • Net Interest Income: $683 million versus $683.75 million estimated by four analysts on average.
  • Other noninterest income: $18 million versus the three-analyst average estimate of $20.23 million.

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

Shares of First Horizon have returned -5.3% over the past month versus the Zacks S&P 500 composite's +1.4% 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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