Key Points – First Horizon posted stronger second-quarter results, with adjusted EPS up 20% year over year and loan balances growing by about $2 billion.
Management said the bank remains on track with full-year expectations and sees continued momentum into the second half of the year. – Loan growth was a major bright spot, driven by commercial lending, while net interest income rose even as net interest margin compressed slightly in line with expectations
New commitments were up more than 50% year over year, supporting a healthy pipeline. – Deposits, fee income and credit remained manageable but mixed: deposit costs rose amid competition, fixed income revenue fell on volatility, and expenses increased modestly. Credit quality stayed within expectations, and the bank ended the quarter with a solid CET1 ratio of 10.5% and continued share repurchases. – Banking and trucking: Is the economy rolling toward troubles? First Horizon (NYSE:FHN) reported higher adjusted earnings and continued loan growth in the second quarter of 2026, with management saying the bank remains on track with its full-year expectations despite deposit competition, rate uncertainty and volatility affecting fixed income revenue.
Chairman, President and Chief Executive Officer Bryan Jordan said adjusted earnings per share rose $0.09, or 20%, from a year earlier, while adjusted pre-provision net revenue increased 8%. Period-end loan balances grew by about $2 billion compared with the second quarter of 2025. – PacWest, First Horizon Shares Plummet On Continued Bank Worries “These outcomes are the direct results of our clear objectives, disciplined execution, and the value we demonstrate to clients day in and day out,” Jordan said. He added that First Horizon sees “continued growth momentum going into the second half of the year.” Earnings, margin and loan growth Chief Financial Officer Hope Dmuchowski said adjusted EPS increased $0.01 from the prior quarter to $0.54, while adjusted PPNR rose 1% to…