First Horizon (FHN) Q3 Results Hinge On A Costly Balance Sheet Reset

First Horizon stock barely budged after its Q3 2026 report, ticking up just 0.1% to about US$22.89, even though the last three months have taken the share price down more than 11%. The market shrugged. The quarter did not. The bank swung to a Q3 loss of about US$94 million on US$432 million of revenue as it took a deliberate hit tied to a roughly US$4.5b residential mortgage sale that management says is about reshaping the balance sheet, not about credit stress. If you only watch the next few...