First Horizon Sees Strong Growth Momentum in Q2 2026

First Horizon reported strong earnings growth in the second quarter of 2026, with adjusted earnings per share increasing by 20% year-over-year. The company's chairman, president, and CEO, Bryan Jordan, highlighted the results on a recent conference call, citing disciplined execution and a focus on delivering value to clients as key drivers of performance.

The company's adjusted net interest income (NII) grew by $9 million in the quarter, reflecting strong loan growth, with period-end loans increasing by $953 million from the prior quarter. Commercial loan growth was particularly notable, with $710 million in C&I growth and $175 million in commercial real estate growth.

First Horizon's deposit performance also showed positive trends, with period-end balances increasing by $1.6 billion compared to the prior quarter, driven primarily by growth in broker deposits. The average rate paid on interest-bearing deposits increased to 2.33%, but cumulative deposit beta remained strong at 66% since rates started to fall in September 2024.

Hope Dmuchowski, chief financial officer, noted that the company's adjusted return on common equity (ROCE) increased by over 180 basis points compared to the first half of 2025, with adjusted PPNR increasing 8% and adjusted earnings per share up $0.21.

The company's focus on building long-term relationships with clients who benefit most from its value proposition remains at the center of its strategy, as outlined by Bryan Jordan. First Horizon continues to grow and invest in people, products, and services that meet client needs and drive continued performance.

Tyler Craft, head of investor relations, emphasized that forward-looking statements made on the call were subject to risks and uncertainties, and encouraged investors to review the factors that may cause results to differ from expectations.