First Horizon posts Q3 net loss of $94M amid mortgage portfolio sale plans, expects future earnings boost.

First Horizon Corporation reported a net loss of $94 million in Q3 2026, primarily due to strategic moves including the planned sale of about $4.5 billion in lower-yielding consumer mortgages. This sale, expected to close early in Q4, aims to improve earnings going forward and provide flexibility for loan growth. Adjusted earnings per share were $0.53, slightly down from the previous quarter but up from the same period last year. The company highlighted growth in client deposits and reaffirmed its commitment to long-term value creation and sustainable growth.

First Horizon Corporation's stock is trading at USD 22.63 on Pluang, showing a slight decline of 0.18% as of Oct 15, 2026 17:12 WIB. The stock maintains a dividend yield of 3% with a market cap of $10.74 billion, reflecting steady investor interest despite recent strategic changes.