- First Horizon’s Q3 adjusted earnings per share (EPS) matched analyst estimates at $0.53.
- The adjusted efficiency ratio was 58.9%, slightly higher than the estimate of 58.2%.
- Adjusted non-interest expenses came in at $521.0 million, slightly exceeding the projected $519 million.
- Adjusted net income available to common shareholders was reported at $253.0 million, surpassing the estimate of $250.6 million.
- Loans at the end of the period totaled $59.81 billion, which was below the expected $66.05 billion.
- The tangible book value per share was $13.84, falling short of the estimated $14.64.
- First Horizon will implement strategic changes by selling approximately $4.5 billion of consumer mortgages.
- The company reported a Q3 net loss of $94 million, translating to a loss per share of $0.20.
- The mortgage sale, expected to settle in early Q4, aims to enhance earnings and provide balance sheet flexibility for future loan growth.
- Analyst recommendations include 9 buys and 15 holds, with no sell ratings.
First Horizon National on Smartkarma
Analysts on Smartkarma, including those from Ξ±SK Primers, are covering First Horizon National, a resilient regional bank with a strong presence in the Southeastern U.S. According to the primer titled “Primer: First Horizon National (FHN US) – Aug 2026″, the company has successfully navigated past merger-related volatility to implement its “First Horizon 2.0” standalone strategy. With a diversified business model that includes a significant Capital Markets segment, First Horizon benefits from stable, fee-based revenue streams, providing a valuable counter-cyclical hedge to traditional lending.
This coverage highlights First Horizon’s disciplined balance sheet management, strong client relationships, and focus on specialty banking niches as factors positioning the company for sustained profitability. Despite industry-wide challenges like deposit competition and interest rate sensitivity, analysts lean bullishly on First Horizon National due to its strategic initiatives and market positioning.
A look at First Horizon National Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
First Horizon National Corporation, a financial services provider, is set for a promising long-term outlook based on its Smartkarma Smart Scores. With strong scores in Value, Dividend, and Resilience, the company demonstrates solid fundamentals and financial health. The high scores in Value and Dividend indicate that the company is undervalued and offers attractive dividend payouts to investors. Additionally, its resilience score suggests that it has the capability to weather economic uncertainties and market downturns effectively.
While First Horizon National shows a slightly lower score in Growth and Momentum, the overall outlook remains positive due to its robust performance in key areas. The company’s diverse range of financial services, including commercial banking, mortgage banking, and capital markets, positions it well for sustained growth and stability in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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