First Horizon Reports $83 Million Loss in Q3 2026

The bank's quarterly results reflect significant non-recurring cost adjustments that impact net earnings.

Updated on Oct. 15, 2026 in Corporate Finance

First Horizon Reports $83 Million Loss in Q3 2026

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Memphis-based First Horizon National Corp. reported an $83 million loss for the third quarter of 2026. The bank disclosed total revenue of $1.25 billion for the period.

Why it matters

The discrepancy between the bank's reported net loss and adjusted earnings illustrates the impact of non-recurring cost adjustments on bottom-line performance. These results serve as a benchmark for operators monitoring regional banking stability and credit market fluctuations.

First Horizon reported an $83 million quarterly loss, or 20 cents per share, though adjusted earnings reached 53 cents per share. Total revenue for the period reached $1.25 billion, with revenue net of interest expense totaling $880 million.

The players

First Horizon National Corp.

A regional bank headquartered in Memphis, Tennessee, focused on commercial and consumer banking services.

The details

The bank arrived at these figures by applying non-recurring cost adjustments to its raw financial performance. This approach highlights the distinction between headline net losses and adjusted operational earnings, a common practice when analyzing regional banking health against analyst consensus estimates. The bank's performance was measured against surveys of nine financial analysts to determine market alignment.

Q3 2026 reporting period for financial results.

Market Landscape

This earnings report follows the broader trend of regional institutions navigating persistent interest expense pressures in the wake of the 2023 regional banking crisis. It provides a localized gauge for how similar entities are managing non-recurring costs to maintain operational stability.

Operators in the Memphis area should monitor regional lending shifts resulting from these adjustments, as credit availability can tighten following periods of institutional restructuring. Maintain close communication with your account officers to identify any changes in capital access or banking terms.

The takeaway

The gap between net loss and adjusted earnings highlights the importance of scrutinizing non-recurring items when evaluating your primary financial partner's health. Monitor future quarterly filings to see if these cost adjustments stabilize or continue to weigh on the bank's bottom line.