filecrux
Oct 15, 10:44 AM
$FHN (First Horizon, Memphis regional bank,
$84.3B assets) posted a Q3 2026 net loss of $(94)M, $(0.20)/sh, on a
$347M after-tax charge tied mainly to moving ~
$4.5B of lower-yielding consumer mortgages to held for sale for a sale agreed in early October. The hit is ~3% of the ~
$10.74B market value at
$22.67 (16:00 ET, Oct 14, 2026); the loans are ~5% of assets. Ex-items, Q3 adjusted EPS was
$0.53; FHN says the sale will be accretive to earnings going forward and free room for loan growth. Settlement expected early in Q4.
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