FIRST HORIZON CORP
Business
First Horizon Corporation is a bank holding company providing commercial, consumer, private banking, wealth management, retail brokerage, capital markets, and mortgage banking services through its subsidiary First Horizon Bank, a Tennessee-chartered bank. The company operates across multiple U.S. states with hundreds of banking locations. Core revenue sources include lending across commercial and consumer portfolios, deposit-taking, mortgage warehouse lending, institutional fixed-income services, wealth management, equipment finance, and specialty lending.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest and fees on loans and leases | 3,698 | 3,874 | 3,575 | 2,292 | 1,957 | |
| Interest and fees on loans held for sale | 34 | 36 | 51 | 39 | 33 | |
| Interest on investment securities | 282 | 241 | 247 | 198 | 121 | |
| Interest on trading securities | 91 | 85 | 78 | 58 | 30 | |
| Interest on other earning assets | 81 | 116 | 149 | 96 | 17 | |
| Total interest income | 4,186 | 4,352 | 4,100 | 2,683 | 2,158 | |
| Interest on deposits | 1,339 | 1,620 | 1,266 | 184 | 81 | |
| Interest on trading liabilities | 26 | 24 | 12 | 12 | 6 | |
| Interest on short-term borrowings | 121 | 130 | 210 | 23 | 5 | |
| Interest on term borrowings | 78 | 67 | 72 | 72 | 72 | |
| Total interest expense | 1,564 | 1,841 | 1,560 | 291 | — | |
| Net interest income | 2,622 | 2,511 | 2,540 | 2,392 | 1,994 | |
| Provision for credit losses | 65 | 150 | 260 | 95 | — | |
| Net interest income after provision for credit losses | 2,557 | 2,361 | 2,280 | 2,297 | 2,304 | |
| Fixed income | 206 | 187 | 133 | 205 | 406 | |
| Deposit transactions and cash management | 169 | 176 | 179 | 171 | 175 | |
| Brokerage, management fees and commissions | 105 | 101 | 90 | 92 | 88 | |
| Card and digital banking fees | 74 | 77 | 77 | 84 | 78 | |
| Other service charges and fees | 60 | 51 | 54 | 54 | 44 | |
| Trust services and investment management | 51 | 48 | 47 | 48 | 51 | |
| Mortgage banking income | 43 | 35 | 23 | 68 | 154 | |
| Gain on merger termination | 0 | 0 | 225 | 0 | 0 | |
| Securities gains (losses), net | 1 | −89 | −4 | 18 | 13 | |
| Other income | 88 | 93 | 103 | 75 | 67 | |
| Total noninterest income | 797 | 679 | 927 | 815 | 1,076 | |
| Personnel expense | 1,159 | 1,137 | 1,100 | 1,101 | 1,210 | |
| Net occupancy expense | 139 | 130 | 123 | 128 | 137 | |
| Computer software | 138 | 121 | 111 | 113 | 116 | |
| Operations services | 96 | 94 | 87 | 87 | 80 | |
| Legal and professional fees | 86 | 64 | 49 | 62 | 68 | |
| Advertising and public relations | 54 | 48 | 71 | 50 | 37 | |
| Deposit insurance expense | 42 | 64 | 122 | 32 | 24 | |
| Contract employment and outsourcing | 38 | 51 | 49 | 54 | 67 | |
| Amortization of intangible assets | 38 | 44 | 47 | 51 | 56 | |
| Contributions | 26 | 18 | 61 | 7 | 14 | |
| Other expense | 258 | 264 | 259 | 186 | 169 | |
| Total noninterest expense | 2,074 | 2,035 | 2,079 | 1,953 | 2,096 | |
| Income before income taxes | 1,280 | 1,005 | 1,128 | 1,159 | 1,284 | |
| Income tax expense | 282 | 211 | 212 | 247 | 274 | |
| Net income (loss) | 998 | 794 | 916 | 912 | 1,010 | |
| Net income attributable to noncontrolling interest | 16 | 19 | 19 | 12 | 11 | |
| Net income attributable to controlling interest | 982 | 775 | 897 | 900 | 999 | |
| Preferred stock dividends | 26 | 37 | 32 | 32 | 37 | |
| Net income available to common shareholders | 956 | 738 | 865 | 868 | 962 | |
| Net income available to common shareholders | 956 | 738 | 865 | 868 | 962 | |
| Basic earnings per share (in dollars per share) | 1.89 | 1.37 | 1.58 | 1.62 | 1.76 | |
| Diluted earnings per share (in dollars per share) | 1.87 | 1.36 | 1.54 | 1.53 | 1.74 | |
| Weighted average common shares (in shares) | 505 | 540 | 548 | 535 | 546 | |
| Diluted average common shares (in shares) | 511 | 544 | 562 | 566 | 551 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 961 | 906 | 1,012 | 1,061 | 1,147 | |
| Interest-bearing deposits with banks | 1,125 | 1,538 | 1,328 | 1,384 | 14,907 | |
| Federal funds sold and securities purchased under agreements to resell | 634 | 631 | 719 | 482 | 641 | |
| Trading securities | 1,904 | 1,387 | 1,412 | 1,375 | 1,601 | |
| Securities available for sale at fair value | 8,165 | 7,896 | 8,391 | 8,836 | 8,707 | |
| Securities held to maturity (fair value of $1,073 and $1,083, respectively) | 1,216 | 1,270 | 1,323 | 1,371 | 712 | |
| Loans held for sale (including $151 and $85 at fair value, respectively) | 406 | 551 | 502 | 590 | 1,172 | |
| Loans and leases | 64,156 | 62,565 | 61,292 | 58,102 | 54,859 | |
| Allowance for loan and lease losses | −738 | −815 | −773 | −685 | −670 | |
| Net loans and leases | 63,418 | 61,750 | 60,519 | 57,417 | 54,189 | |
| Premises and equipment | 544 | 574 | 590 | 612 | 665 | |
| Goodwill | 1,510 | 1,510 | 1,510 | 1,511 | 1,511 | |
| Other intangible assets | 105 | 143 | 186 | 234 | 298 | |
| Other assets | 3,888 | 3,996 | 4,169 | 4,080 | 3,542 | |
| Total assets | 83,876 | 82,152 | 81,661 | 78,953 | 89,092 | |
| Noninterest-bearing deposits | 15,823 | 16,021 | 17,204 | 23,466 | 27,883 | |
| Interest-bearing deposits | 51,653 | 49,560 | 48,576 | 40,023 | 47,012 | |
| Total deposits | 67,476 | 65,581 | 65,780 | 63,489 | 74,895 | |
| Trading liabilities | 607 | 550 | 509 | 335 | 426 | |
| Short-term borrowings | 3,254 | 3,400 | 2,549 | 2,506 | 2,124 | |
| Term borrowings | 1,321 | 1,195 | 1,150 | 1,597 | 1,590 | |
| Other liabilities | 2,076 | 2,315 | 2,382 | 2,479 | 1,563 | |
| Total liabilities | 74,734 | 73,041 | 72,370 | 70,406 | 80,598 | |
| Preferred stock, Non-cumulative perpetual, no par value; authorized 5,000,000 shares; issued 8,750 and 16,750 shares, respectively | 349 | 426 | 520 | 1,014 | 520 | |
| Common stock, $0.625 par value; authorized 700,000,000 shares; issued 484,825,395 and 524,280,412 shares, respectively | 303 | 328 | 349 | 336 | 333 | |
| Capital surplus | 3,974 | 4,808 | 5,351 | 4,840 | 4,743 | |
| Retained earnings | 5,031 | 4,382 | 3,964 | 3,430 | 2,891 | |
| Accumulated other comprehensive loss, net | −810 | −1,128 | −1,188 | −1,368 | −288 | |
| FHN shareholders' equity | 8,847 | 8,816 | 8,996 | 8,252 | 8,199 | |
| Noncontrolling interest | 295 | 295 | 295 | 295 | 295 | |
| Total equity | 9,142 | 9,111 | 9,291 | 8,547 | 8,494 | |
| Total liabilities and equity | 83,876 | 82,152 | 81,661 | 78,953 | 89,092 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Deferred income tax expense (benefit) | 49 | −17 | 44 | 91 | 0 | |
| Depreciation and amortization of premises and equipment | 56 | 55 | 55 | 59 | 61 | |
| Net other amortization (accretion) | −30 | 2 | 0 | −25 | −72 | |
| Net decrease in trading securities (a) | 530 | 1,011 | 1,163 | 2,120 | 1,824 | |
| Net (increase) decrease in derivatives | 5 | −2 | −314 | 524 | 412 | |
| Stock-based compensation expense | 61 | 59 | 36 | 75 | 43 | |
| Securities (gains) losses, net | −1 | 89 | 4 | −18 | −13 | |
| Purchases and originations | −3,077 | −2,758 | −2,295 | −3,728 | −6,644 | |
| Gross proceeds from settlements and sales | 2,187 | 1,792 | 1,183 | 2,310 | 4,451 | |
| Gain due to fair value adjustments and other | −19 | −75 | −12 | 107 | −205 | |
| Other operating activities, net | −234 | 124 | 212 | −272 | 65 | |
| Total adjustments | −370 | 474 | 383 | 1,379 | −285 | |
| Net cash provided by operating activities | 628 | 1,268 | 1,299 | 2,291 | 725 | |
| Proceeds from sales of securities available for sale | 0 | 1,155 | 0 | 0 | 68 | |
| Proceeds from payments on securities available for sale | 957 | 831 | 856 | 1,351 | 2,771 | |
| Purchases of securities available for sale | −874 | −1,538 | −261 | −2,767 | −3,736 | |
| Proceeds from payments on securities held to maturity | 57 | 57 | 53 | 55 | 17 | |
| Proceeds from sales of premises and equipment | 3 | 8 | 1 | 18 | 42 | |
| Purchases of premises and equipment | −33 | −44 | −37 | −28 | — | |
| Proceeds from BOLI | 24 | 13 | 14 | 22 | 22 | |
| Net increase in loans and leases | −1,647 | −1,337 | −3,303 | −3,204 | 3,525 | |
| Net decrease (increase) in interest-bearing deposits with banks | 413 | −209 | 56 | 13,523 | −6,556 | |
| Other investing activities, net | 6 | 6 | 16 | 75 | 19 | |
| Net cash used in investing activities | −1,094 | −1,058 | −2,605 | 8,333 | −4,601 | |
| Stock options exercised | 6 | 9 | 5 | 36 | 28 | |
| Cash dividends paid | −314 | −332 | −335 | −324 | −333 | |
| Repurchase of shares | −918 | −626 | −10 | −12 | −416 | |
| Preferred stock redemption | −80 | −100 | 0 | 0 | −100 | |
| Cash dividends paid - preferred stock - noncontrolling interest | −16 | −19 | −17 | −11 | −11 | |
| Cash dividends paid - preferred stock | −26 | −29 | −32 | −32 | −33 | |
| Net increase (decrease) in deposits | 1,894 | −201 | 2,289 | −11,406 | 4,919 | |
| Net (decrease) increase in short-term borrowings | −146 | 851 | 43 | 382 | −75 | |
| Proceeds from issuance of term borrowings | 513 | 16 | 0 | — | — | |
| Repayment of term borrowings | −366 | −6 | −450 | — | −108 | |
| (Decreases) increases in secured borrowings | −23 | 33 | 1 | — | — | |
| Net cash provided by (used in) financing activities | 524 | −404 | 1,494 | −10,869 | 4,016 | |
| Net increase (decrease) in cash and cash equivalents | 58 | −194 | 188 | −245 | 140 | |
| Total interest paid | 1,584 | 1,869 | 1,428 | 280 | 170 | |
| Total taxes paid | 62 | 106 | 123 | 20 | 258 | |
| Total taxes refunded | 2 | 7 | 19 | 7 | 30 | |
| Transfer from loans to OREO | 5 | 3 | 4 | 3 | 4 | |
| Transfer from loans HFS to trading securities | 1,053 | 992 | 1,212 | 1,893 | 2,232 | |
| Transfer from loans HFS to loans | 1 | 0 | 0 | 0 | 31 |
Filings
Material Events
Insiders
Institutional Holders
Holdings (13F)
Portfolio as of 2026-03-31 · 2,094 positions
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $2.43B | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| STATE STREET SPDR S&P 500 ETF | — | 100.4K | $65.30M | 2.7% |
| APPLE INC | — | 215.8K | $54.78M | 2.3% |
| ISHARES MSCI EAFE ETF | — | 523.2K | $50.81M | 2.1% |
| VANGUARD GROWTH ETF | — | 93.3K | $40.77M | 1.7% |
| CHIPOTLE MEXICAN GRILL INC | — | 1.2K | $37.48M | 1.5% |
| MICROSOFT CORP | — | 95.7K | $35.44M | 1.5% |
| JP MORGAN CHASE & CO | — | 111.5K | $32.80M | 1.4% |
| ISHARES RUSSELL 1000 GROWTH ET | — | 74.4K | $31.73M | 1.3% |
| ISHARES CORE S&P 500 ETF | — | 48.1K | $31.42M | 1.3% |
| BROADCOM INC | — | 99.9K | $30.93M | 1.3% |
Frequently asked questions
What is FIRST HORIZON CORP's CIK number?
FIRST HORIZON CORP's SEC CIK number is 0000036966 (36966). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find FIRST HORIZON CORP's SEC filings?
All of FIRST HORIZON CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did FIRST HORIZON CORP last report earnings?
FIRST HORIZON CORP (FHN) most recently filed an earnings 8-K with the SEC on Jul 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000036966-26-000143). This is FIRST HORIZON CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is FIRST HORIZON CORP's most recent earnings 8-K?
FIRST HORIZON CORP's latest earnings 8-K (Item 2.02) was filed Jul 15, 2026 under accession 0000036966-26-000143. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View FIRST HORIZON CORP's latest earnings 8-K →
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