First Horizon beats Q2 profit estimates on loan growth

First Horizon

15/07/2026 11:39

Overview
US regional bank's Q2 net income rose 12% yr/yr to $260 mln
Adjusted EPS for Q2 beat analyst expectations
Company cites disciplined execution and 3% yr/yr loan growth as drivers of results

Outlook
Company did not provide specific guidance or outlook for future quarters or full year

Result Drivers
CLIENT RELATIONSHIPS - Co attributed results to focus on developing client relationships and delivering service, per CEO Bryan Jordan

Company press release: ID:nPn5fH2tNa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$0.54
$0.52 (19 Analysts)
Q2 EPS
 
$0.54
 
Q2 Net Income
 
$260 mln
 
Q2 Net Interest Income
 
$679 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for First Horizon Corp is $28.50, about 10.8% above its July 14 closing price of $25.72
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)