FIRST HORIZON CORP — Form 8-K

First Horizon Corporation (NYSE: FHN) entered into an agreement in early October 2026 to sell approximately $4.5 billion of select lower-yielding consumer mortgages, expected to settle in Q4 2026. The transaction generated a pre-tax loss of $473 million recorded in 3Q26 noninterest income, plus $3 million restructuring costs, but included a $45 million provision reversal. On an adjusted basis (excluding notable items), the sale is projected to be accretive to forward earnings and ROTCE by ~$45 million after-tax and ~150 basis points respectively in 2027, while improving the loan-to-deposit ratio to ~88% from 96%.