Will Mortgage Sale Change First Horizon Stock Narrative

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 decision to sell US$4.5 billion of mortgages at an estimated 10% discount indicates management’s focus on margin improvement, balance sheet flexibility, and capacity for future capital return through the remaining US$660...