First Horizon National Stock Earnings Reports

First Horizon reported solid second-quarter 2026 results with year-over-year improvement in adjusted EPS (+20% vs. prior year) and continued loan growth (period-end loans up about $2 billion vs. Q2 2025). Adjusted PPNR increased 8% year-over-year and the bank highlighted momentum across core regional and specialty businesses, wealth management, and commercial lending. NII rose modestly (+$9 million Q/Q) despite a 3 bps NIM compression to the high 3.40% range, driven by strong loan growth. Deposits increased (period-end +$1.6 billion Q/Q), led by brokered deposits, and the average rate on interest-bearing deposits ticked up to 2.33%. Management expects deposit competition to remain heightened through Q3/Q4 and sees deposit beta moderating but remaining elevated compared with pre-rate-cut periods. Credit trends were favorable: net charge-offs were $33 million (20 bps), provision was $15 million, ACL-to-loans declined to 1.24%, and NPLs fell to 0.81%. CET1 ended the quarter at 10.5%, in line with the company’s near-term target; management expects the proposed Basel III standardized approach changes to reduce RWA by ~10%. Expense guidance remains flattish into the back half of the year, while management reiterated a multi-quarter $100M+ PPNR opportunity from deeper relationship penetration, treasury/wealth initiatives and other revenue actions. The company plans to be thoughtful and opportunistic with capital deployment (dividend and buybacks) as regulatory changes and organic growth dynamics evolve.