First Horizon Corporation reported net income available to common shareholders of $260 million for the second quarter of 2026, a 12% increase from the same period last year. Diluted earnings per share rose 20% to $0.54, while adjusted pre-provision net revenue grew 8% to $364 million, driven by loan growth and relationship profitability. Net interest income on a taxable-equivalent basis reached $679 million, up $9 million sequentially, though net interest margin compressed three basis points to 3.49% due to higher deposit costs from brokered funding. Average loan balances increased $1.5 billion to $64.7 billion, with period-end loans at $65.3 billion, reflecting $1 billion in commercial loan growth. Period-end deposits rose $1.6 billion to $68.1 billion, primarily from brokered deposits, while the cumulative deposit beta since September 2024 stood at 66%. The company repurchased $100 million in shares and reiterated full-year 2026 revenue growth guidance of 3% to 7%.
First Horizon CorporationNet income up 12%, EPS up 20%, and share buyback of $100 million.