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AI brief of an SEC Form 8-K · First Horizon (FHN)

First Horizon posts Q3 net loss of $94 million on $4.5 billion mortgage sale charge

Mixed Impact 4 of 5 earnings Written later

First Horizon reported a third-quarter 2026 net loss available to common shareholders of $(94) million, or $(0.20) per diluted share, driven by $347 million in after-tax notable items tied to a pending sale of about $4.5 billion of consumer mortgages agreed in early October. Excluding notable items, adjusted diluted EPS was $0.53, down $0.01 from the second quarter, and the sale is expected to settle early in the fourth quarter.

Key points

  • Notable items totaled $0.73 per share, or $347 million after tax, mainly from reclassifying targeted mortgage loans to held for sale.
  • Adjusted diluted EPS was $0.53, down $0.01 from second quarter 2026.
  • CET1 capital ratio was a preliminary 10.3%, down from 10.5% in second quarter 2026.
  • Average client deposit balances rose $1.3 billion in the quarter.

The filing

CompanyFirst Horizon (FHN)
Form8-K, current report
Filed with the SECOct 15, 2026, 7:31 AM ET
Accession number0000036966-26-000178

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 15, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.