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    How Investors Are Reacting To First Horizon (FHN) Quarterly Loss

    Simply Wall St·10/20/2026 11:34:24
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    • First Horizon Corporation reported a third quarter 2026 net loss of US$83 million, with net charge offs of US$36 million compared with US$26 million in the same period in 2025.
    • The group continued its share repurchase program through September 2026, buying back 156,986 shares for US$4 million while reporting weaker quarterly results.
    • We will now look at how First Horizon's investment narrative could be affected by the shift to a quarterly loss and higher charge offs.

    Scan how First Horizon's quarterly loss and rising charge offs compare with peers by reviewing a curated 32 resilient stocks with low risk scores that may offer steadier balance sheets and cleaner credit profiles.

    First Horizon Investment Narrative Recap

    For an investor to stay with First Horizon, the core belief is that its commercial, wealth and treasury banking engines can outweigh near term credit and funding pressure. The third quarter 2026 net loss of US$83 million and US$36 million in net charge offs put more attention on credit quality. The key short term swing factor remains how effectively management protects net interest margin while deposit costs stay competitive.

    The biggest risk right now is that rising charge offs combine with weaker fixed income activity and keep earnings compressed for longer. If that happened, the multi year plan to lift pre tax, pre provision profit through deeper commercial relationships and wealth cross sell could prove slower to show through, even if the underlying pipelines remain in place.

    The most relevant update alongside these results is the continuation of share repurchases. From July to September 2026, First Horizon bought back 156,986 shares for US$4 million and has now completed 23,011,986 shares for US$539.3 million under the October 2025 authorization. That is a meaningful use of capital, particularly in a quarter that produced a loss.

    For you, the operational question is whether that capital return fits comfortably with near term credit and earnings pressure. If credit costs stay elevated or fixed income fee trends remain soft, investors will likely focus more on how buybacks interact with loan growth capacity, regulatory ratios and the timing of any recovery in pre tax, pre provision earnings.

    First Horizon's analyst narrative points to revenues of US$4.0 billion and earnings of US$1.1 billion by 2029, built on 4.3% yearly revenue growth and an earnings increase of about US$100 million from the current US$1.0 billion base.

    Uncover how First Horizon's fair value indicates a 21% potential upside to its current price before the market closes that gap.

    NYSE:FHN 1-Year Stock Price Chart
    NYSE:FHN 1-Year Stock Price Chart

    Exploring Other Perspectives

    Across 2 fair value estimates from the Simply Wall St Community, First Horizon screens between roughly US$27 and US$48 per share, which shows how far apart private investors can be. When this is set against rising net charge offs, a quarterly net loss and ongoing buybacks, there are plenty of reasons to test several contrasting viewpoints for yourself.

    Explore another First Horizon fair value estimate, including one that suggests it could be worth just $27.45!

    Decide For Yourself

    Don't just follow the ticker. Dig into the data and build a conviction that's truly your own.

    • A great starting point for your First Horizon research is our analysis highlighting 3 key rewards that could impact your investment decision.
    • See our latest analysis for First Horizon. The report includes a comprehensive fundamental analysis summarized in a single visual, the Snowflake, making it easy to evaluate First Horizon's overall financial health at a glance.

    Looking For More Investment Ideas Beyond First Horizon?

    If the First Horizon story has you reassessing your portfolio, this is an ideal moment to widen the lens and see how other businesses compare on quality, risk and income potential using the Simply Wall St Screener.