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 and retail banking. With a market cap of $12 billion, it plays a significant role in the financial sector, particularly in the Southeastern United States, where it serves both individuals and businesses.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, and it helps investors gauge performance against expectations.

0.52

Revenue

Revenue reflects the overall sales performance of the bank and is crucial for assessing growth and operational efficiency.

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 saw a slight decline of 0.33% 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 bank's recent performance has shown a trend of beating estimates, which may set a positive tone for this report.

Bull Case

If First Horizon can exceed the EPS estimate and show strong revenue growth, it could signal robust demand for its services and improved operational efficiency, potentially boosting investor confidence.

Bear Case

Conversely, if the bank fails to meet earnings expectations or shows signs of slowing growth, it could raise concerns about its market position and profitability, leading to a negative reaction from investors.

Key Metrics to Watch

Earnings Per Share (EPS)

0.52

EPS is a key indicator of the company's profitability and financial health, and it helps investors gauge performance against expectations.

Revenue

880M

Revenue reflects the overall sales performance of the bank and is crucial for assessing growth and operational efficiency.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $0.52?

A beat on EPS could reinforce investor confidence and validate the bank's growth strategy, while a miss could raise concerns about profitability.

What insights can be shared about revenue trends and growth drivers?

Understanding revenue performance and the factors driving growth will be crucial for assessing the bank's operational health and future outlook.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the bank's ability to capitalize on regional economic growth, which could lead to stronger-than-expected revenue and EPS figures.

Supporting Evidence

First Horizon has consistently beaten EPS estimates in recent quarters, suggesting a trend of improving performance.

The options market is pricing in a larger move than historical averages, indicating that traders expect significant volatility.

Recent economic indicators in the Southeast show signs of growth, which could positively impact the bank's performance.

Key Risk

If revenue growth exceeds the expected $880 million, it could challenge the current consensus and lead to a reassessment of the bank's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it follows a history of beating estimates, and any deviation could significantly impact investor sentiment.

Bull Confirmed If

An EPS of $0.56 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $0.49 would indicate potential challenges in profitability and growth.

Pre-Earnings Positioning

Options Market

Implied Move

±9.18%

Historical Avg

±3.2%

Pricing rich

The options market is pricing in a significant move of around 9.18%, suggesting that traders expect heightened 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 expectations and raises guidance, history suggests the stock could see an average move of around -0.57%, indicating a cautious market reaction despite positive news.

In-Line / Cautious

If results are in line with expectations, the stock may react moderately, reflecting a wait-and-see approach from investors.

Miss

A miss on earnings could lead to a decline of about -5.79%, as historical patterns show that misses tend to result in negative market reactions.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth and credit quality metrics.
2Insights into the bank's strategy for managing interest rate changes.
3Details on customer acquisition and retention efforts.
4Comments on regional economic conditions impacting business.
5Any guidance on future earnings expectations or strategic initiatives.

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Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, and it helps investors gauge performance against expectations.

0.52

Revenue

Revenue reflects the overall sales performance of the bank and is crucial for assessing growth and operational efficiency.

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 saw a slight decline of 0.33% the following day, indicating mixed market reactions.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

Bear Case

Key Metrics to Watch

Earnings Per Share (EPS)

0.52

EPS is a key indicator of the company's profitability and financial health, and it helps investors gauge performance against expectations.

Revenue

880M

Revenue reflects the overall sales performance of the bank and is crucial for assessing growth and operational efficiency.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $0.52?

A beat on EPS could reinforce investor confidence and validate the bank's growth strategy, while a miss could raise concerns about profitability.

What insights can be shared about revenue trends and growth drivers?

Understanding revenue performance and the factors driving growth will be crucial for assessing the bank's operational health and future outlook.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the bank's ability to capitalize on regional economic growth, which could lead to stronger-than-expected revenue and EPS figures.

Supporting Evidence

First Horizon has consistently beaten EPS estimates in recent quarters, suggesting a trend of improving performance.

The options market is pricing in a larger move than historical averages, indicating that traders expect significant volatility.

Recent economic indicators in the Southeast show signs of growth, which could positively impact the bank's performance.

Key Risk

If revenue growth exceeds the expected $880 million, it could challenge the current consensus and lead to a reassessment of the bank's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it follows a history of beating estimates, and any deviation could significantly impact investor sentiment.

Bull Confirmed If

An EPS of $0.56 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $0.49 would indicate potential challenges in profitability and growth.

Pre-Earnings Positioning

Options Market

Implied Move

±9.18%

Historical Avg

±3.2%

Pricing rich

The options market is pricing in a significant move of around 9.18%, suggesting that traders expect heightened 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 expectations and raises guidance, history suggests the stock could see an average move of around -0.57%, indicating a cautious market reaction despite positive news.

In-Line / Cautious

If results are in line with expectations, the stock may react moderately, reflecting a wait-and-see approach from investors.

Miss

A miss on earnings could lead to a decline of about -5.79%, as historical patterns show that misses tend to result in negative market reactions.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth and credit quality metrics.
2Insights into the bank's strategy for managing interest rate changes.
3Details on customer acquisition and retention efforts.
4Comments on regional economic conditions impacting business.
5Any guidance on future earnings expectations or strategic initiatives.