JP Morgan analyst Anthony Elian has maintained First Horizon with a Neutral rating while lowering the price target to $27 from $28.5. This adjustment reflects a revised valuation outlook for the financial institution's stock. Separately, Evercore ISI Group analyst John Pancari has maintained First Horizon with an In-Line rating while lowering the price target to $26 from $27.

Analyst Ratings and Price Targets

Anthony Elian of JP Morgan kept the Neutral rating on First Horizon but decreased the price target to $27 from $28.5. John Pancari of Evercore ISI Group also kept the In-Line rating but reduced the price target to $26 from $27. These new targets suggest revised valuation outlooks under neutral market performance perspectives.

Additional Analyst Updates

Raymond James analyst Daniel Tamayo has maintained an Outperform rating on First Horizon while raising the price target to $28 from $26. Wells Fargo analyst Robert Rutschow maintains First Horizon with an Equal-Weight rating and raises the price target from $25 to $26. Truist Securities analyst John McDonald has maintained First Horizon with a Hold rating while raising the price target from $26 to $27.

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.