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via finance.yahoo.comBusiness & Companies

First Horizon posts $83M Q3 loss after selling $4.5B in mortgages

FROM THE WIRE · FINANCE.YAHOO.COM

First Horizon reported a third quarter 2026 net loss of US$83 million, primarily due to reclassifying US$4.5 billion of lower-yielding consumer mortgages as held for sale, along with US$36 million in net charge-offs and revenue that came in slightly below expectations. The…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe quarterly loss and mortgage sale at an estimated 10% discount weigh on the shares near term.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01First Horizon reported a Q3 2026 net loss of $83 million.
  2. 02The bank reclassified $4.5 billion of mortgages as held for sale.
  3. 03More than $660 million of buyback authorization remains.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
First Horizon CorporationFHNStock22.86 USDMarket closedtoday +0.84%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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