First Horizon Reports Third Quarter Financial Loss
The Memphis-based bank reported an 83 million dollar loss for the third quarter of 2026 despite total revenue of 1.25 billion dollars.
Updated on Oct. 15, 2026 in Corporate Finance
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First Horizon National Corp. has announced an 83 million dollar loss for the third quarter of 2026, equating to a loss of 20 cents per share. The company reported total revenue of 1.25 billion dollars for the period.
Why it matters
Understanding these financial results provides insight into the company's performance amidst non-recurring cost adjustments. Investors look to these figures to gauge how the bank manages its operational expenses and net revenue against broader market expectations.
First Horizon reported adjusted earnings of 53 cents per share and net revenue after interest expense of 880 million dollars. These figures were analyzed against surveys of nine financial analysts.
The players
First Horizon National Corp.
This is a prominent financial services company headquartered in Memphis, Tennessee, that operates as a regional banking institution.
The details
The bank calculated its quarterly results by accounting for various non-recurring cost adjustments. While the company saw total revenue reach 1.25 billion dollars, the adjustments contributed significantly to the reported loss per share.
Timeline
The financial reporting period covered the third quarter of 2026.
Market Dynamics
This earnings report reflects the broader challenges regional banks face when balancing total revenue with non-recurring expenses. Such fluctuations often align with larger economic cycles affecting the banking sector in the current interest rate environment.
Shareholders and potential investors should evaluate the impact of these non-recurring costs on the bank's long-term profitability. Tracking adjusted earnings per share helps retail investors compare the bank's operational health against previous quarters.
The takeaway
Investors should focus on the discrepancy between total revenue and adjusted earnings to understand the bank's core profitability. Monitoring how First Horizon manages non-recurring costs in future quarters remains essential for assessing its financial stability.
Further reading
For more context on how banks manage performance disclosures, see the Corporate Finance section.
More information
View the Zacks stock report on FHN for detailed financial analysis.
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