EarningsQ2 2026 Earnings Report
DE:FT2 Q2 2026 EPS Results
Actual EPS€0.48
Consensus EPS€0.46
Beat/MissBeat by +€0.02
One Year Ago EPS€0.40
DE:FT2 Q2 2026 Revenue Results
Actual Revenue€1.10B
Expected Revenue€775.31M
Beat/MissBeat by +€321.11M
YoY Revenue Growth+0.73%
Earnings Announcement Details
QuarterQ2 2026
Date07/15/2026
TimeBefore Open
Conference CallWednesday, July 15, 2026
DE:FT2 Upcoming Earnings
First Horizon's next earnings date is estimated for October 15, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:FT2 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple positive operating and financial developments—double‑digit adjusted EPS improvement year over year, solid loan growth, stronger PPNR, improving ROTCE, disciplined capital management with meaningful buybacks, and favorable credit trends (lower NPLs). Offsetting items include modest NIM compression, a rise in deposit costs and seasonal reliance on brokered funding, ADR volatility impacting fixed income revenue, and higher marketing/outside services this quarter. Management reiterated guidance, expressed confidence in executing a $100M+ PPNR opportunity, and highlighted expense discipline and targeted investments. On balance, the positives (robust earnings momentum, loan and fee growth, capital deployment and improving credit) outweigh the manageable headwinds related to funding competition and macro volatility.Company Guidance
Strong Adjusted EPS and PPNR Growth
Adjusted EPS rose $0.09 year over year (≈20%); company reported adjusted EPS of $0.54 for the quarter. Adjusted PPNR increased 1% sequentially to $364 million and was up 8% versus the first half of 2025.
Loan Growth and Production Momentum
Period-end loan balances grew about $2.0 billion year over year and rose $953 million sequentially. Quarter included ~$1.0 billion in commercial loan growth (≈$710 million C&I excl. mortgage companies, ~$175 million CRE) and $118 million growth in loans to mortgage companies; new commitments up >50% year over year driven by CRE activity.
Improved Capital and Shareholder Returns
Common Equity Tier 1 (CET1) ended the quarter at 10.5% (in line with near-term target). Company repurchased 4 million shares ($100 million) in the quarter and cumulative buybacks of $807 million YTD; tangible book value per share was $14.53, up 7% year over year (includes buybacks and a dividend increase).
Credit Metrics Trending Favorably
Net charge-offs were $33 million (increase of $4 million QoQ) with a net charge-off ratio of 20 bps, consistent with expectations. Allowance for credit losses (ACL) to loan ratio declined to 1.24%; nonperforming loans (NPLs) declined 13 bps to 0.81% reflecting positive resolutions and continued credit management.
Fee Income and Wealth Momentum
Fee income was up $14 million year over year (despite a small QoQ decline ex-deferred compensation). Wealth-related revenue (brokerage, trust, insurance) increased driven by LPL platform conversion and advisor hiring; wealth momentum cited as a driver of the >$100 million PPNR opportunity.
Securities Reinvestment Driving Yield Pickup
Securities runoff of ~$1.2 billion at ~2.8% being reinvested at ~4%+, contributing positively to earnings; securities portfolio is ~11% of assets and being managed down as liquidity needs permit.
Operational Discipline and Expense Guidance
Adjusted expenses excluding deferred compensation increased $6 million QoQ driven by seasonality and hiring, but management reiterated full-year expense guidance expecting flat expenses over the next two quarters and continued focus on expense discipline while investing in growth areas.
DE:FT2 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed