Equity Profile

FHN

First Horizon Corporation

FinancialsRegional Banks$12.3B

Jul15Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

First Horizon Corporation is a regional bank that provides a range of financial services, including commercial banking, retail banking, and wealth management. As a player in the financial sector, it is influenced by interest rates, economic conditions, and consumer spending trends.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

0.52

Revenue

Revenue figures provide insight into the company's overall sales performance and growth trajectory.

880M

Wall Street expectations, options signals, track record, and call prep available with Pro.

FHN Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+9.06%

Avg Stock Reaction

-1.22%

Last Quarter Recap

In Q1-2026, First Horizon reported an EPS of $0.53, exceeding expectations by 8.61%. However, the stock price fell slightly the following day, indicating mixed market reactions.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect First Horizon to report solid earnings this quarter, with a consensus EPS of $0.52. The market is watching closely for any surprises that could impact stock performance.

Bull Case

If First Horizon beats EPS estimates and shows strong revenue growth, it could signal effective management and a positive outlook, potentially boosting investor confidence.

Bear Case

Conversely, if the company misses earnings expectations or shows weak revenue growth, it could raise concerns about its financial health and lead to a decline in stock price.

Key Metrics to Watch

EPS

0.52

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

Revenue

880M

Revenue figures provide insight into the company's overall sales performance and growth trajectory.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $0.52?

A beat on EPS could indicate strong operational performance and boost investor sentiment.

What is the revenue outlook compared to the consensus of $880M?

Revenue performance is crucial for assessing growth and could impact future guidance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of recent interest rate changes on First Horizon's profitability, which could lead to better-than-expected earnings.

Supporting Evidence

The company's recent performance has shown a consistent ability to exceed EPS estimates.

Options pricing suggests a higher expected move than historical averages, indicating potential for a surprise.

Key Risk

If the company reports an EPS below $0.49, it could undermine the optimistic outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether First Horizon can sustain its recent earnings momentum amid economic pressures.

Bull Confirmed If

An EPS of $0.55 or higher would confirm strong earnings performance.

Bear Confirmed If

An EPS below $0.49 would signal potential issues in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±9.18%

Historical Avg

±3.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±9.2% while FHN has averaged ±3.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

20.8%

Calls (62K)P/C Ratio: 0.24Puts (18K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If First Horizon beats estimates, history suggests a modest positive reaction, confirming a strong operational outlook.

In-Line / Cautious

An in-line report may lead to cautious trading as investors await further guidance from management.

Miss

If the company misses expectations, history suggests a significant negative reaction, potentially leading to a drop in stock price.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth and credit quality.
2Management's commentary on interest rate impacts.
3Guidance on future revenue expectations.
4Insights into cost management strategies.
5Any changes in market conditions affecting operations.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

0.52

Revenue

Revenue figures provide insight into the company's overall sales performance and growth trajectory.

880M

Wall Street expectations, options signals, track record, and call prep available with Pro.

FHN Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+9.06%

Avg Stock Reaction

-1.22%

Last Quarter Recap

In Q1-2026, First Horizon reported an EPS of $0.53, exceeding expectations by 8.61%. However, the stock price fell slightly the following day, indicating mixed market reactions.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect First Horizon to report solid earnings this quarter, with a consensus EPS of $0.52. The market is watching closely for any surprises that could impact stock performance.

Bull Case

If First Horizon beats EPS estimates and shows strong revenue growth, it could signal effective management and a positive outlook, potentially boosting investor confidence.

Bear Case

Conversely, if the company misses earnings expectations or shows weak revenue growth, it could raise concerns about its financial health and lead to a decline in stock price.

Key Metrics to Watch

EPS

0.52

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

Revenue

880M

Revenue figures provide insight into the company's overall sales performance and growth trajectory.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $0.52?

A beat on EPS could indicate strong operational performance and boost investor sentiment.

What is the revenue outlook compared to the consensus of $880M?

Revenue performance is crucial for assessing growth and could impact future guidance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of recent interest rate changes on First Horizon's profitability, which could lead to better-than-expected earnings.

Supporting Evidence

The company's recent performance has shown a consistent ability to exceed EPS estimates.

Options pricing suggests a higher expected move than historical averages, indicating potential for a surprise.

Key Risk

If the company reports an EPS below $0.49, it could undermine the optimistic outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether First Horizon can sustain its recent earnings momentum amid economic pressures.

Bull Confirmed If

An EPS of $0.55 or higher would confirm strong earnings performance.

Bear Confirmed If

An EPS below $0.49 would signal potential issues in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±9.18%

Historical Avg

±3.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±9.2% while FHN has averaged ±3.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

20.8%

Calls (62K)P/C Ratio: 0.24Puts (18K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If First Horizon beats estimates, history suggests a modest positive reaction, confirming a strong operational outlook.

In-Line / Cautious

An in-line report may lead to cautious trading as investors await further guidance from management.

Miss

If the company misses expectations, history suggests a significant negative reaction, potentially leading to a drop in stock price.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth and credit quality.
2Management's commentary on interest rate impacts.
3Guidance on future revenue expectations.
4Insights into cost management strategies.
5Any changes in market conditions affecting operations.