FHN

First Horizon National reported Q3 2026 earnings of $0.53 per share, matching consensus estimates but missing revenue expectations at $880 million. The stock has underperformed the S&P 500 by 18% year-to-date.

With a Zacks Rank #3 (Hold) rating, the company is expected to perform in line with the market. Southside Bancshares is expected to report earnings of $0.79 per share with revenues of $72.55 million.

First Horizon National is expected to report Q3 2026 earnings of $0.53 per share (up 3.9% YoY) with revenues of $889.7 million (up 0.1% YoY) on October 15. However, the stock carries a negative Earnings ESP of -0.55% with a Zacks Rank #3, making it difficult to predict an earnings beat. While the company has beaten consensus estimates in the last four quarters, recent analyst revisions suggest bearish sentiment on near-term earnings prospects.

The Federal Reserve's 25-basis-point rate hike to 3.75-4% is expected to benefit First Horizon Corporation's net interest income, given its 58% variable-rate loan portfolio and $6 billion in maturing fixed-rate assets available for reinvestment at higher yields. However, rising deposit costs and potential loan demand weakness could offset some gains. Bank of America and Citigroup are similarly positioned to benefit from higher rates, though both face headwinds from increased deposit funding costs.