First Horizon: 3 Key Takeaways for Long-Term Investors

First Horizon announced the sale of $4.5 billion in low-yielding residential mortgage loans to reposition its balance sheet toward higher-yielding commercial lending. The transaction is expected to boost 2027 earnings per share by approximately 4% and improve return on tangible common equity by 150 basis points. The bank will resume share buybacks in Q4 while maintaining its capital ratios, supported by over $1 billion in new customer deposits during Q3.