First Horizon (NYSE:FHN) Posts Better-Than-Expected Sales In Q2 CY2026

Regional banking company First Horizon (NYSE:FHN) reported revenue ahead of Wall Street’s expectations in Q2 CY2026, with sales up 6.4% year on year to $887 million. Its non-GAAP profit of $0.54 per share was 3.8% above analysts’ consensus estimates.

Regional banking company First Horizon (NYSE:FHN) reported revenue ahead of Wall Street's expectations in Q2 CY2026, with sales up 6.4% year on year to $887 million. Its non-GAAP profit of $0.54 per share was 3.8% above analysts' consensus estimates. Is now the time to buy First Horizon?

Find out in our full research report. First Horizon (FHN) Q2 CY2026 Highlights: - Net Interest Income: $676 million vs analyst estimates of $680.4 million (5.5% year-on-year growth, 0.6% miss) - Net Interest Margin: 3.5% vs analyst estimates of 3.5% (in line) - Revenue: $887 million vs analyst estimates of $881 million (6.4% year-on-year growth, 0.7% beat) - Efficiency Ratio: 59.9% vs analyst estimates of 57.5% (234.8 basis point miss) - Adjusted EPS: $0.54 vs analyst estimates of $0.52 (3.8% beat) - Tangible Book Value per Share: $14.53 vs analyst estimates of $14.56 (7.1% year-on-year growth, in line) - Market Capitalization: $12.21 billion Company Overview Tracing its roots back to 1864 during the Civil War era, First Horizon (NYSE:FHN) is a Tennessee-based bank holding company that provides commercial and consumer banking, wealth management, and specialty financial services across multiple states.

Sales Growth Net interest income and fee-based revenue are the two pillars supporting bank earnings. The former captures profit from the gap between lending rates and deposit costs, while the latter encompasses charges for banking services, credit products, wealth management, and trading activities. Over the last five years, First Horizon grew its revenue at a weak 1.8% compounded annual growth rate.

This was below our standards and is a tough starting point for our analysis. Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. First Horizon's annualized revenue growth of 4.7% over the last two years is above its five-year trend, which is encouraging.

This quarter, First Horizon reported year-on-year revenue growth of 6.4%, and its $887 million of revenue exceeded Wall Street's estimates by 0.7%. Net interest income made up 75.3% of the company's total revenue during the last five years, meaning lending operations are First Horizon's largest