FHN Shares Fall Despite Q2 Earnings Beat on Higher NII & Fee Income

First Horizon’s Q2’26 results improved on higher NII, fee income, and balance growth, but shares still fell nearly 3%. The stock weakness reflects rising expenses and weakening capital ratios, suggesting margin and capital headwinds despite revenue support.

Analysis

First Horizon’s Q2’26 results improved on higher NII, fee income, and balance growth, but shares still fell nearly 3%. The stock weakness reflects rising expenses and weakening capital ratios, suggesting margin and capital headwinds despite revenue support.