First Horizon

Q2 FY2026 EarningsQ2 FY26 results beat consensus on both top and bottom lines: diluted EPS was $0.54 vs. $0.52 expected, and total revenue reached $887M vs. $880M expected. Net interest margin (NIM) was 3.49%, exactly in-line with the consensus of 3.49%. The beat was primarily driven by a lower-than-expected effective tax rate (19.5% vs. 22.3%) and reduced provision for credit losses ($15M vs. $30M YoY), reflecting improved asset quality as nonperforming loans (NPLs) declined $73M from year-end 2025.