First Horizon vs Intesa Sanpaolo S.p.A: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

First Horizon Corporation (FHN)

Q3 202614 Jul – 8 Oct 2026

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Q2 profit beat, loans and deposits grew First Horizon's second-quarter profit beat expectations: net income rose 12% to $260 million, revenue grew 7% to $887 million, and loans and deposits both grew. More profit and more lending push the stock up over time.
This is the core new fundamental result that drives FHN's value.
Buybacks shrink the share count The bank bought back 4 million shares for $100 million in the quarter and still has $665 million left to spend. Fewer shares outstanding means each remaining share owns a bigger slice of profit, which supports the price.
Buybacks are a concrete new capital action that lifts per-share value.
Fed rate hike should lift lending income The Fed raised rates to 3.75-4%. Because 58% of First Horizon's loans are variable-rate, borrowers pay more as rates rise, and the bank estimates a 1-point rate rise adds 2.9% to net interest income over a year.
This is the new monetary force behind FHN's earnings power.
Costs and capital ratio are the counterweight Even with the earnings beat, shares slipped about 3% because expenses rose 8% and the key capital ratio fell to 10.5% from 11% a year earlier. Rising costs and a thinner cushion can hold the stock back.
It is the honest negative side of the same earnings period.

August 202614 Jul – 8 Oct 2026

▲3

Q2 profit beat, loans and deposits grew First Horizon's second-quarter profit beat expectations: net income rose 12% to $260 million, revenue grew 7% to $887 million, and loans and deposits both grew. More profit and more lending push the stock up over time.
This is the core new fundamental result that drives FHN's value.
Buybacks shrink the share count The bank bought back 4 million shares for $100 million in the quarter and still has $665 million left to spend. Fewer shares outstanding means each remaining share owns a bigger slice of profit, which supports the price.
Buybacks are a concrete new capital action that lifts per-share value.
Fed rate hike should lift lending income The Fed raised rates to 3.75-4%. Because 58% of First Horizon's loans are variable-rate, borrowers pay more as rates rise, and the bank estimates a 1-point rate rise adds 2.9% to net interest income over a year.
This is the new monetary force behind FHN's earnings power.
Costs and capital ratio are the counterweight Even with the earnings beat, shares slipped about 3% because expenses rose 8% and the key capital ratio fell to 10.5% from 11% a year earlier. Rising costs and a thinner cushion can hold the stock back.
It is the honest negative side of the same earnings period.

Latest14 Jul – 8 Oct 2026

▲3

Q2 profit beat, loans and deposits grew First Horizon's second-quarter profit beat expectations: net income rose 12% to $260 million, revenue grew 7% to $887 million, and loans and deposits both grew. More profit and more lending push the stock up over time.
This is the core new fundamental result that drives FHN's value.
Buybacks shrink the share count The bank bought back 4 million shares for $100 million in the quarter and still has $665 million left to spend. Fewer shares outstanding means each remaining share owns a bigger slice of profit, which supports the price.
Buybacks are a concrete new capital action that lifts per-share value.
Fed rate hike should lift lending income The Fed raised rates to 3.75-4%. Because 58% of First Horizon's loans are variable-rate, borrowers pay more as rates rise, and the bank estimates a 1-point rate rise adds 2.9% to net interest income over a year.
This is the new monetary force behind FHN's earnings power.
Costs and capital ratio are the counterweight Even with the earnings beat, shares slipped about 3% because expenses rose 8% and the key capital ratio fell to 10.5% from 11% a year earlier. Rising costs and a thinner cushion can hold the stock back.
It is the honest negative side of the same earnings period.