First Horizon Corporation reported second quarter net income available to common shareholders of $260 million, or earnings per share of $0.54, representing a 12% increase from the second quarter of 2025. The company generated sales of $887.000 million for the period, surpassing the estimate of $879.419 million. The company's return on common equity grew to 12.3%, while return on tangible common equity increased to 15.2% for the quarter.

Compared to the first quarter of 2026, net income available to common shareholders rose from $257 million, with earnings per share increasing from $0.53. For the first half of 2026, net income available to common shareholders grew 16% compared to the first half of 2025, supported by 3% year-over-year loan growth.

Financial Performance

The company's earnings per share increased by $0.09 from the second quarter of 2025, when it stood at $0.45. First Horizon attributed the performance to disciplined execution, a focus on developing client relationships, and delivering outstanding service.

Operational Highlights

Chairman, President and CEO Bryan Jordan emphasized the strength across multiple aspects of the business. The company reported $84.4 billion in assets as of June 30, 2026. First Horizon Bank operates in 12 states concentrated in the southern U.S., offering commercial, private banking, consumer, and wealth management services.

First Horizon Corporation is scheduled to release its second quarter earnings report before the opening bell on Wednesday, July 15. Analysts expect the Memphis, Tennessee-based company to report quarterly earnings of 53 cents per share, an increase from 45 cents per share in the year-ago period. The consensus estimate for First Horizon’s quarterly revenue is $881.11 million, compared to $833 million reported last year.

On July 1, First Horizon Bank named Jason Triplett as Western North Carolina Area President for the Mid-Atlantic Region. First Horizon shares rose 0.7% to close at $25.85 on Monday.

Analyst Ratings and Price Targets

Several analysts have recently revised their ratings and price targets for First Horizon stock. The following table summarizes the recent actions taken by top-rated analysts:

Raymond James analyst Daniel Tamayo maintained an Outperform rating and raised the price target from $26 to $28 on July 1, 2026. JP Morgan analyst Anthony Elian maintained a Neutral rating and increased the price target from $26 to $28.5 on the same date. DA Davidson analyst Peter Winter maintained the stock with a Neutral rating and a price target of $26 on April 16, 2026. Keefe, Bruyette & Woods analyst Christopher McGratty maintained the stock with a Market Perform rating and raised the price target from $25 to $26 on April 16, 2026. Barclays analyst Jared Shaw maintained the stock with an Overweight rating and cut the price target from $30 to $29 on April 7, 2026.