# First Horizon Misses Q3 2026 Revenue Estimates as Sales Fall to $883 Million

- URL: https://stocks.freetheai.org/news/first-horizon-misses-q3-2026-revenue-estimates-as-sales-fall-to-883-million-5e614c
- Published: 2026-10-15T12:58:15Z
- Category: earnings; sentiment: bearish; impact: medium
- Symbols: [NYSE:FHN](https://stocks.freetheai.org/symbols/NYSE-FHN)
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First Horizon Corporation (NYSE:FHN) reported third-quarter 2026 revenue that fell short of market expectations, with sales declining 1.1% year over year to $883 million. The bank missed analyst revenue forecasts of $891.4 million as net interest income reached $683 million, slightly below projections. Adjusted earnings per share came in at $0.53, matching Wall Street estimates, while net interest margin held steady at 3.5%.

The quarterly shortfall matters because lending operations drive the bulk of profitability for the Tennessee-based regional bank. Key balance sheet metrics also disappointed investors, as adjusted tangible book value per share remained flat year over year at $13.84, trailing the consensus target of $14.62. The company's adjusted efficiency ratio rose to 58.9%, slightly higher than expected costs relative to revenue.

Looking ahead, market participants will watch whether First Horizon can resume balance sheet expansion toward Wall Street forecasts. Analysts anticipate tangible book value per share could grow to $15.66 over the next 12 months, making loan growth and deposit cost management critical focus areas for upcoming quarters.

## Key points

- First Horizon reported third-quarter 2026 revenue of $883 million, down 1.1% year over year and below analyst estimates of $891.4 million.
- Adjusted earnings per share reached $0.53, matching Wall Street consensus expectations.
- Net interest income grew 1.3% year over year to $683 million, missing target estimates of $687 million.
- Tangible book value per share landed at $13.84, flat year over year and short of the $14.62 analyst estimate.

## Questions and answers

### What were First Horizon's Q3 2026 revenue and earnings?

First Horizon reported Q3 2026 revenue of $883 million, down 1.1% year over year and missing estimates of $891.4 million. Adjusted earnings per share reached $0.53, in line with expectations.

### Did First Horizon meet Wall Street estimates in Q3 2026?

First Horizon matched profit estimates with $0.53 per share but missed expectations for total revenue, net interest income, and tangible book value per share.

### What is First Horizon's tangible book value per share for Q3 2026?

First Horizon reported an adjusted tangible book value per share of $13.84, which was flat year over year and below the analyst forecast of $14.62.