First Horizon Corporation has announced a strong first half of 2026, with its net income available to common shareholders climbing an impressive 16% compared to the same period in the prior year. This earnings growth was primarily fueled by a solid 3% increase in the bank's average loan balances, which reached $64.7 billion by the end of the second quarter.
The Memphis-based financial services company reported second quarter earnings per share of $0.54, surpassing analyst expectations of $0.52 and marking a substantial year-over-year increase from $0.45 in the second quarter of 2025. Net income available to common shareholders for the quarter stood at $260 million, up from $233 million in the prior year's second quarter. Chairman, President, and CEO Bryan Jordan attributed the success to disciplined execution and a continued focus on developing client relationships and delivering outstanding service.
The bank's net interest income also saw a healthy increase, rising 5% year-over-year to $679 million. While the net interest margin experienced a slight dip compared to the previous quarter, it remained higher than the previous year. Noninterest income also contributed positively, growing to $211 million. Despite share repurchases totaling $100 million, First Horizon maintained a strong Common Equity Tier 1 (CET1) capital ratio of 10.5%, indicating a solid capital position. Overall, the results reflect a resilient performance in a dynamic market environment.
First Horizon operates as a regional financial services company with a banking subsidiary serving 12 states, primarily in the southern U. S., offering a comprehensive suite of commercial, private banking, consumer, small business, wealth management, and capital markets services.
