FIRST HORIZON CORP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), FIRST HORIZON CORP reported net income of $998.0M (+25.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Interest and fees on loans and leases | $3.7B | $3.9B | $3.6B | $2.3B |
| Interest and fees on loans held for sale | $34.0M | $36.0M | $51.0M | $39.0M |
| Interest on investment securities | $282.0M | $241.0M | $247.0M | $198.0M |
| Interest on trading securities | $91.0M | $85.0M | $78.0M | $58.0M |
| Interest on other earning assets | $81.0M | $116.0M | $149.0M | $96.0M |
| Total interest income | $4.2B | $4.4B | $4.1B | $2.7B |
| Interest on deposits | $1.3B | $1.6B | $1.3B | $184.0M |
| Interest on trading liabilities | $26.0M | $24.0M | $12.0M | $12.0M |
| Interest on short-term borrowings | $121.0M | $130.0M | $210.0M | $23.0M |
| Interest on term borrowings | $78.0M | $67.0M | $72.0M | $72.0M |
| Total interest expense | $1.6B | $1.8B | $1.6B | $291.0M |
| Net interest income | $2.6B | $2.5B | $2.5B | $2.4B |
| Provision for credit losses | $65.0M | $150.0M | — | $95.0M |
| Net interest income after provision for credit losses | $2.6B | $2.4B | $2.3B | $2.3B |
| Fixed income | $206.0M | $187.0M | $133.0M | $205.0M |
| Deposit transactions and cash management | $169.0M | $176.0M | $179.0M | $171.0M |
| Brokerage, management fees and commissions | $105.0M | $101.0M | $90.0M | $92.0M |
| Card and digital banking fees | $74.0M | $77.0M | $77.0M | $84.0M |
| Other service charges and fees | $60.0M | $51.0M | $54.0M | $54.0M |
| Trust services and investment management | $51.0M | $48.0M | $47.0M | $48.0M |
| Mortgage banking income | $43.0M | $35.0M | $23.0M | $68.0M |
| Gain on merger termination | $0 | $0 | $225.0M | — |
| Securities gains (losses), net | $1.0M | ($89.0M) | ($4.0M) | $18.0M |
| Other income | $88.0M | $93.0M | $103.0M | $75.0M |
| Total noninterest income | $797.0M | $679.0M | $927.0M | $815.0M |
| Personnel expense | $1.2B | $1.1B | $1.1B | $1.1B |
| Net occupancy expense | $139.0M | $130.0M | $123.0M | $128.0M |
| Computer software | $138.0M | $121.0M | $111.0M | $113.0M |
| Operations services | $96.0M | $94.0M | $87.0M | $87.0M |
| Legal and professional fees | $86.0M | $64.0M | $49.0M | $62.0M |
| Advertising and public relations | $54.0M | $48.0M | $71.0M | $50.0M |
| Deposit insurance expense | $42.0M | $64.0M | $122.0M | — |
| Contract employment and outsourcing | $38.0M | $51.0M | $49.0M | $54.0M |
| Amortization of intangible assets | $38.0M | $44.0M | $47.0M | $51.0M |
| Contributions | $26.0M | $18.0M | $61.0M | $7.0M |
| Other expense | $258.0M | $190.0M | $182.0M | $218.0M |
| Total noninterest expense | $2.1B | $2.0B | $2.1B | $2.0B |
| Income before income taxes | $1.3B | $1.0B | $1.1B | $1.2B |
| Income tax expense | $282.0M | $211.0M | $212.0M | $247.0M |
| Net income (loss) | $998.0M | $794.0M | $916.0M | $912.0M |
| Net income attributable to noncontrolling interest | $16.0M | $19.0M | $19.0M | $12.0M |
| Net income attributable to controlling interest | $982.0M | $775.0M | $897.0M | $900.0M |
| Preferred stock dividends | $26.0M | $37.0M | $32.0M | $32.0M |
| Net income available to common shareholders | $956.0M | $738.0M | $865.0M | $868.0M |
| Basic earnings per share (in dollars per share) | $1.89 | $1.37 | $1.58 | $1.62 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Interest and fees on loans and leases | $912.0M | $885.0M | $955.0M | $921.0M |
| Interest and fees on loans held for sale | $8.0M | $7.0M | $8.0M | $8.0M |
| Interest on investment securities | $70.0M | $71.0M | $71.0M | $71.0M |
| Interest on trading securities | $23.0M | $23.0M | $23.0M | $23.0M |
| Interest on other earning assets | $17.0M | $18.0M | $20.0M | $21.0M |
| Total interest income | $1.0B | $1.0B | $1.1B | $1.0B |
| Interest on deposits | $296.0M | $284.0M | $351.0M | $337.0M |
| Interest on trading liabilities | $6.0M | $7.0M | $5.0M | $6.0M |
| Interest on short-term borrowings | $33.0M | $28.0M | $28.0M | $38.0M |
| Interest on term borrowings | $19.0M | $18.0M | $19.0M | $22.0M |
| Total interest expense | $354.0M | $337.0M | $403.0M | $403.0M |
| Net interest income | $676.0M | $667.0M | $674.0M | $641.0M |
| Provision for credit losses | $15.0M | $15.0M | ($5.0M) | $30.0M |
| Net interest income after provision for credit losses | $661.0M | $652.0M | $679.0M | $611.0M |
| Fixed income | $46.0M | $53.0M | $57.0M | $42.0M |
| Deposit transactions and cash management | $43.0M | $43.0M | $43.0M | $41.0M |
| Brokerage, management fees and commissions | $31.0M | $29.0M | $26.0M | $26.0M |
| Card and digital banking fees | $18.0M | $18.0M | $19.0M | $19.0M |
| Other service charges and fees | $15.0M | $16.0M | $14.0M | $14.0M |
| Deferred compensation income | $15.0M | — | — | — |
| Trust services and investment management | $14.0M | $13.0M | $13.0M | $13.0M |
| Mortgage banking income | $9.0M | $9.0M | $15.0M | $10.0M |
| Other income | $20.0M | $15.0M | $28.0M | $24.0M |
| Total noninterest income | $211.0M | $195.0M | $215.0M | $189.0M |
| Personnel expense | $304.0M | $289.0M | $296.0M | $282.0M |
| Computer software | $40.0M | $38.0M | $34.0M | $34.0M |
| Net occupancy expense | $36.0M | $35.0M | $36.0M | $34.0M |
| Operations services | $26.0M | $25.0M | $24.0M | $23.0M |
| Legal and professional fees | $18.0M | $16.0M | $24.0M | $17.0M |
| Advertising and public relations | $17.0M | $10.0M | $12.0M | $14.0M |
| Deposit insurance expense | $12.0M | $13.0M | $11.0M | $12.0M |
| Equipment expense | $11.0M | $11.0M | $10.0M | $11.0M |
| Amortization of intangible assets | $8.0M | $8.0M | $9.0M | $10.0M |
| Other expense | $60.0M | $60.0M | $52.0M | $38.0M |
| Total noninterest expense | $532.0M | $505.0M | $550.0M | $491.0M |
| Income before income taxes | $340.0M | $342.0M | $344.0M | $309.0M |
| Income tax expense | $66.0M | $76.0M | $78.0M | $64.0M |
| Net income | $274.0M | $266.0M | $266.0M | $245.0M |
| Net income attributable to noncontrolling interest | $4.0M | $4.0M | $4.0M | $4.0M |
| Net income attributable to controlling interest | $270.0M | $262.0M | $262.0M | $241.0M |
| Preferred stock dividends | $10.0M | $5.0M | $8.0M | $8.0M |
| Net income available to common shareholders | $260.0M | $257.0M | $254.0M | $233.0M |
| Basic earnings per common share (in dollars per share) | $0.55 | $0.54 | $0.50 | $0.46 |
| Diluted earnings per common share (in dollars per share) | $0.54 | $0.53 | $0.50 | $0.45 |
| Weighted average common shares (in shares) | 474.8M | 480.3M | 504.9M | 508.1M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and due from banks | $961.0M | $906.0M | $1.0B | $1.1B |
| Interest-bearing deposits with banks | $1.1B | $1.5B | $1.3B | $1.4B |
| Federal funds sold and securities purchased under agreements to resell | $634.0M | $631.0M | $719.0M | $482.0M |
| Trading securities | $1.9B | $1.4B | $1.4B | $1.4B |
| Securities available for sale at fair value | $8.2B | $7.9B | $8.4B | $8.8B |
| Securities held to maturity (fair value of $1,073 and $1,083, respectively) | $1.2B | $1.3B | $1.3B | $1.4B |
| Loans held for sale (including $151 and $85 at fair value, respectively) | $406.0M | $551.0M | $502.0M | $590.0M |
| Loans and leases | $64.2B | $62.6B | $61.3B | $58.1B |
| Allowance for loan and lease losses | ($738.0M) | ($815.0M) | ($773.0M) | ($685.0M) |
| Net loans and leases | $63.4B | $61.8B | $60.5B | $57.4B |
| Premises and equipment | $544.0M | $574.0M | $590.0M | $612.0M |
| Goodwill | $1.5B | $1.5B | $1.5B | $1.5B |
| Other intangible assets | $105.0M | $143.0M | $186.0M | $234.0M |
| Other assets | $3.9B | $4.0B | $4.2B | $4.1B |
| Total assets | $83.9B | $82.2B | $81.7B | $79.0B |
| Noninterest-bearing deposits | $15.8B | $16.0B | $17.2B | $23.5B |
| Interest-bearing deposits | $51.7B | $49.6B | $48.6B | $40.0B |
| Total deposits | $67.5B | $65.6B | $65.8B | $63.5B |
| Trading liabilities | $607.0M | $550.0M | $509.0M | $335.0M |
| Short-term borrowings | $3.3B | $3.4B | $2.5B | $2.5B |
| Term borrowings | $1.3B | $1.2B | $1.1B | $1.6B |
| Other liabilities | $2.1B | $2.3B | $2.4B | $2.5B |
| Total liabilities | $74.7B | $73.0B | $72.4B | $70.4B |
| Preferred stock, Non-cumulative perpetual, no par value; authorized 5,000,000 shares; issued 8,750 and 16,750 shares, respectively | 349.0M | 426.0M | 520.0M | 1.0B |
| Common stock, $0.625 par value; authorized 700,000,000 shares; issued 484,825,395 and 524,280,412 shares, respectively | 303.0M | 328.0M | 349.0M | 336.0M |
| Capital surplus | $4.0B | $4.8B | $5.4B | $4.8B |
| Retained earnings | $5.0B | $4.4B | $4.0B | $3.4B |
| Accumulated other comprehensive loss, net | ($810.0M) | ($1.1B) | ($1.2B) | ($1.4B) |
| FHN shareholders' equity | $8.8B | $8.8B | $9.0B | $8.3B |
| Noncontrolling interest | $295.0M | $295.0M | $295.0M | $295.0M |
| Total equity | $9.1B | $9.1B | $9.3B | $8.5B |
| Total liabilities and equity | $83.9B | $82.2B | $81.7B | $79.0B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and due from banks | $1.0B | $889.0M | $912.0M | $988.0M |
| Interest-bearing deposits with banks | $1.2B | $1.1B | $1.2B | $911.0M |
| Federal funds sold and securities purchased under agreements to resell | $594.0M | $754.0M | $774.0M | $527.0M |
| Trading securities | $1.4B | $1.8B | $2.1B | $1.4B |
| Securities available for sale at fair value | $7.9B | $8.1B | $8.1B | $8.1B |
| Securities held to maturity (fair value of $1,038 and $1,073, respectively) | $1.2B | $1.2B | $1.2B | $1.2B |
| Loans held for sale (including $88 and $151 at fair value, respectively) | $501.0M | $562.0M | $501.0M | $402.0M |
| Loans and leases | $65.3B | $64.4B | $63.1B | $63.3B |
| Allowance for loan and lease losses | ($709.0M) | ($730.0M) | ($777.0M) | ($814.0M) |
| Net loans and leases | $64.6B | $63.6B | $62.3B | $62.4B |
| Premises and equipment | $545.0M | $539.0M | $553.0M | $561.0M |
| Goodwill | $1.5B | $1.5B | $1.5B | $1.5B |
| Other intangible assets | $89.0M | $97.0M | $114.0M | $123.0M |
| Other assets | $3.9B | $3.9B | $3.9B | $3.8B |
| Total assets | $84.4B | $84.1B | $83.2B | $82.1B |
| Noninterest-bearing deposits | $16.0B | $15.9B | $16.0B | $15.9B |
| Interest-bearing deposits | $52.1B | $50.6B | $49.5B | $49.7B |
| Total deposits | $68.1B | $66.5B | $65.5B | $65.6B |
| Trading liabilities | $533.0M | $666.0M | $662.0M | $469.0M |
| Short-term borrowings | $3.0B | $4.2B | $4.3B | $3.5B |
| Term borrowings | $1.3B | $1.3B | $1.3B | $1.3B |
| Other liabilities | $2.0B | $2.0B | $2.2B | $2.0B |
| Total liabilities | $75.0B | $74.7B | $73.9B | $72.8B |
| Preferred stock, Non-cumulative perpetual, no par value; authorized 5,000,000 shares; issued 7,000 and 8,750 shares, respectively | 682.0M | 741.0M | 349.0M | 426.0M |
| Common stock, $0.625 par value; authorized 700,000,000 shares; issued 473,919,939 and 484,825,395 shares, respectively | 296.0M | 297.0M | 313.0M | 318.0M |
| Capital surplus | $3.7B | $3.8B | $4.3B | $4.5B |
| Retained earnings | $5.4B | $5.2B | $4.8B | $4.7B |
| Accumulated other comprehensive loss, net | ($846.0M) | ($832.0M) | ($849.0M) | ($912.0M) |
| FHN shareholders' equity | $9.2B | $9.2B | $8.9B | $9.0B |
| Noncontrolling interest | $295.0M | $295.0M | $295.0M | $295.0M |
| Total equity | $9.5B | $9.5B | $9.2B | $9.3B |
| Total liabilities and equity | $84.4B | $84.1B | $83.2B | $82.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $998.0M | $794.0M | $916.0M | $912.0M |
| Provision for credit losses | $65.0M | $150.0M | — | $95.0M |
| Deferred income tax expense (benefit) | $49.0M | ($17.0M) | $44.0M | $91.0M |
| Depreciation and amortization of premises and equipment | $56.0M | $55.0M | $55.0M | $59.0M |
| Amortization of intangible assets | $38.0M | $44.0M | $47.0M | $51.0M |
| Net other amortization (accretion) | ($30.0M) | $2.0M | $0 | ($11.0M) |
| Net decrease in trading securities (a) | $530.0M | $1.0B | $1.2B | $2.1B |
| Net (increase) decrease in derivatives | $5.0M | ($2.0M) | ($314.0M) | $524.0M |
| Stock-based compensation expense | $61.0M | $59.0M | $36.0M | $75.0M |
| Securities (gains) losses, net | ($1.0M) | $89.0M | $4.0M | ($18.0M) |
| Purchases and originations | ($3.1B) | ($2.8B) | ($2.3B) | ($3.7B) |
| Gross proceeds from settlements and sales | $2.2B | $1.8B | $1.2B | $2.3B |
| Gain due to fair value adjustments and other | ($19.0M) | ($75.0M) | ($12.0M) | $107.0M |
| Other operating activities, net | ($234.0M) | $132.0M | $228.0M | ($232.0M) |
| Total adjustments | ($370.0M) | $474.0M | $383.0M | $1.4B |
| Net cash provided by operating activities | $628.0M | $1.3B | $1.3B | $2.3B |
| Proceeds from sales of securities available for sale | $0 | $1.2B | $0 | $0 |
| Proceeds from payments on securities available for sale | $957.0M | $831.0M | $856.0M | $1.4B |
| Purchases of securities available for sale | ($874.0M) | ($1.5B) | ($261.0M) | ($2.8B) |
| Proceeds from payments on securities held to maturity | $57.0M | $57.0M | $53.0M | $55.0M |
| Proceeds from sales of premises and equipment | $3.0M | $8.0M | $1.0M | $18.0M |
| Purchases of premises and equipment | ($33.0M) | ($44.0M) | ($37.0M) | ($28.0M) |
| Proceeds from BOLI | $24.0M | $13.0M | $14.0M | $22.0M |
| Net increase in loans and leases | ($1.6B) | ($1.3B) | ($3.3B) | ($3.2B) |
| Net decrease (increase) in interest-bearing deposits with banks | $413.0M | ($209.0M) | $56.0M | $13.5B |
| Other investing activities, net | $6.0M | $6.0M | $5.0M | $75.0M |
| Net cash used in investing activities | ($1.1B) | ($1.1B) | ($2.6B) | $8.3B |
| Stock options exercised | $6.0M | $9.0M | $5.0M | $36.0M |
| Cash dividends paid | ($314.0M) | ($332.0M) | ($335.0M) | ($324.0M) |
| Repurchase of shares | -918.0M | -626.0M | -10.0M | -12.0M |
| Preferred stock redemption | ($80.0M) | ($100.0M) | $0 | $0 |
| Cash dividends paid - preferred stock - noncontrolling interest | ($16.0M) | ($19.0M) | ($17.0M) | ($11.0M) |
| Cash dividends paid - preferred stock | ($26.0M) | ($29.0M) | ($32.0M) | ($32.0M) |
| Net increase (decrease) in deposits | $1.9B | ($201.0M) | $2.3B | ($11.4B) |
| Net (decrease) increase in short-term borrowings | ($146.0M) | $851.0M | $43.0M | $382.0M |
| Proceeds from issuance of term borrowings | $513.0M | — | — | — |
| Repayment of term borrowings | ($366.0M) | — | — | — |
| (Decreases) increases in secured borrowings | ($23.0M) | — | — | — |
| Net cash provided by (used in) financing activities | $524.0M | ($404.0M) | $1.5B | ($10.9B) |
| Net increase (decrease) in cash and cash equivalents | $58.0M | ($194.0M) | $188.0M | ($245.0M) |
| Cash and cash equivalents at beginning of period | $1.5B | $1.7B | $1.5B | $1.8B |
| Cash and cash equivalents at end of period | $1.6B | $1.5B | $1.7B | $1.5B |
| Total interest paid | $1.6B | $1.9B | $1.4B | $280.0M |
| Total taxes paid | $62.0M | $106.0M | $123.0M | $20.0M |
| Total taxes refunded | $2.0M | $7.0M | $19.0M | $7.0M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $541.0M | $266.0M | $732.0M | $467.0M |
| Provision for credit losses | $30.0M | $15.0M | $65.0M | $70.0M |
| Deferred income tax expense | $69.0M | $25.0M | $56.0M | $20.0M |
| Depreciation and amortization of premises and equipment | $27.0M | $14.0M | $42.0M | $28.0M |
| Amortization of intangible assets | $16.0M | $8.0M | $29.0M | $20.0M |
| Net other amortization (accretion) | ($2.0M) | $0 | ($24.0M) | ($7.0M) |
| Net decrease in trading securities | $1.1B | $363.0M | ($18.0M) | $433.0M |
| Net decrease (increase) in derivatives | $5.0M | ($12.0M) | ($4.0M) | ($10.0M) |
| Stock-based compensation expense | $27.0M | $13.0M | $48.0M | $33.0M |
| Purchases and originations | ($2.1B) | ($1.0B) | ($2.1B) | ($1.2B) |
| Gross proceeds from settlements and sales | $1.4B | $592.0M | $1.5B | $916.0M |
| Gain (loss) due to fair value adjustments and other | $43.0M | $26.0M | $2.0M | ($7.0M) |
| Other operating activities, net | ($235.0M) | $14.0M | ($71.0M) | ($290.0M) |
| Total adjustments | $322.0M | $12.0M | ($500.0M) | ($35.0M) |
| Net cash provided by operating activities | $863.0M | $278.0M | $232.0M | $432.0M |
| Proceeds from maturities of securities available for sale | $544.0M | $261.0M | $711.0M | $457.0M |
| Purchases of securities available for sale | ($284.0M) | ($262.0M) | ($624.0M) | ($457.0M) |
| Proceeds from prepayments of securities held to maturity | $29.0M | $13.0M | $43.0M | $27.0M |
| Purchases of premises and equipment | ($27.0M) | ($8.0M) | ($26.0M) | ($18.0M) |
| Net increase in loans and leases | ($1.2B) | ($240.0M) | ($534.0M) | ($732.0M) |
| Net (increase) decrease in interest-bearing deposits with banks | ($33.0M) | $9.0M | $310.0M | $626.0M |
| Other investing activities, net | $8.0M | $3.0M | $18.0M | $14.0M |
| Net cash used in investing activities | ($977.0M) | ($224.0M) | ($99.0M) | ($83.0M) |
| Stock options exercised | $4.0M | $3.0M | $5.0M | $3.0M |
| Cash dividends paid | ($160.0M) | ($73.0M) | ($238.0M) | ($162.0M) |
| Repurchase of shares | -356.0M | -235.0M | -583.0M | -393.0M |
| Series C preferred stock redemption | ($57.0M) | — | ($80.0M) | $0 |
| Series H preferred stock issuance | $392.0M | $392.0M | — | — |
| Cash dividends paid - preferred stock - noncontrolling interest | ($7.0M) | ($4.0M) | ($12.0M) | ($8.0M) |
| Cash dividends paid - preferred stock | ($10.0M) | ($5.0M) | ($21.0M) | ($13.0M) |
| Net increase (decrease) in deposits | $593.0M | ($995.0M) | ($57.0M) | ($5.0M) |
| Net increase (decrease) in short-term borrowings | ($251.0M) | $914.0M | $871.0M | $61.0M |
| Proceeds from issuance of term borrowings | $0 | $0 | $504.0M | $497.0M |
| Repayment of term borrowing | $0 | — | ($350.0M) | ($350.0M) |
| Decreases in secured term borrowings | ($1.0M) | ($3.0M) | — | — |
| Net cash provided by (used in) financing activities | $147.0M | ($6.0M) | $16.0M | ($371.0M) |
| Net increase (decrease) in cash and cash equivalents | $33.0M | $48.0M | $149.0M | ($22.0M) |
| Cash and cash equivalents at beginning of period | $1.6B | $1.6B | $1.5B | $1.5B |
| Cash and cash equivalents at end of period | $1.6B | $1.6B | $1.7B | $1.5B |
| Total interest paid | $658.0M | $317.0M | $1.2B | $775.0M |
| Total taxes paid | $43.0M | $6.0M | $29.0M | $25.0M |
| Total taxes refunded | $2.0M | — | $2.0M | $2.0M |
| Transfer from loans to OREO | $1.0M | — | $5.0M | $1.0M |
| Transfer from loans HFS to trading securities | $607.0M | $273.0M | $671.0M | $480.0M |
| Transfer from loans to loans HFS | $0 | — | — | ($1.0M) |
FIRST HORIZON CORP score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.