FIRST HORIZON CORP

FHN 10-K · FY 2025

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Interest And Fee Income Loans And Leases Held In Portfolio 3,698 3,874 -4.5%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -46 -65 +29.2%
Interest And Fee Income Loans And Leases Held For Sale 34 36 -5.6%
Interest Income Debt Securities Available For Sale Operating 282 241 +17.0%
Interest Income Debt Securities Trading Operating 91 85 +7.1%
Other Interest And Dividend Income 81 116 -30.2%
Interest Income Operating 4,186 4,352 -3.8%
Show Business Segments breakouts
Commercial, Consumer & Wealth 3,317 3,538 -6.2%
Corporate 314 289 +8.7%
Wholesale 555 525 +5.7%
Interest Expense Deposits 1,339 1,620 -17.3%
Interest Expense Trading Liabilities 26 24 +8.3%
Interest Expense Short Term Borrowings 121 130 -6.9%
Interest Expense Long Term Debt 78 67 +16.4%
Show Consolidated Entities breakouts
Parent Company 29 15 +93.3%
Interest Expense Operating 1,564 1,841 -15.0%
Show Business Segments breakouts
Commercial, Consumer & Wealth 1,156 1,413 -18.2%
Corporate 301 303 -0.7%
Wholesale 107 125 -14.4%
Interest Income Expense Net 2,622 2,511 +4.4%
Show Business Segments breakouts
Commercial, Consumer & Wealth 2,569 2,531 +1.5%
Corporate -180 -214 +15.9%
Wholesale 233 194 +20.1%
Financing Receivable Excluding Accrued Interest And Off Balance Sheet Liability Credit Loss Expense Reversal 65 150 -56.7%
Show Business Segments breakouts
Commercial, Consumer & Wealth 50 158 -68.4%
Corporate 3 -11 +127.3%
Wholesale 12 3 +300.0%
Interest Income Expense After Provision For Loan Loss 2,557 2,361 +8.3%
Fixed Income 206 187 +10.2%
Show Business Segments breakouts
Wholesale 206 187 +10.2%
Deposit Transactions And Cash Management 169 176 -4.0%
Show Business Segments breakouts
Commercial, Consumer & Wealth 158 163 -3.1%
Corporate 8 9 -11.1%
Wholesale 3 4 -25.0%
Brokerage Management Fees And Commissions 105 101 +4.0%
Show Business Segments breakouts
Commercial, Consumer & Wealth 105 101 +4.0%
Card And Digital Banking Fees 74 77 -3.9%
Show Business Segments breakouts
Commercial, Consumer & Wealth 64 67 -4.5%
Corporate 10 10 0.0%
Other Service Charges And Fees 60 51 +17.6%
Show Business Segments breakouts
Commercial, Consumer & Wealth 57 48 +18.8%
Wholesale 3 2 +50.0%
Trust Services And Investment Management 51 48 +6.2%
Show Business Segments breakouts
Commercial, Consumer & Wealth 50 47 +6.4%
Corporate 1 1 0.0%
Fees And Commissions Mortgage Banking And Servicing 43 35 +22.9%
Show Business Segments breakouts
Commercial, Consumer & Wealth 1 1 0.0%
Corporate 1 1 0.0%
Wholesale 41 33 +24.2%
Show Income Statement Location breakouts
Mortgage banking and title income 4 4 0.0%
Debt And Equity Securities Realized Gain Loss 1 -89 +101.1%
Show Business Segments breakouts
Corporate 1 -89 +101.1%
Noninterest Income Other Operating Income 88 93 -5.4%
Show Business Segments breakouts
Commercial, Consumer & Wealth 29 34 -14.7%
Corporate 56 55 +1.8%
Wholesale 3 4 -25.0%
Noninterest Income 797 679 +17.4%
Show Business Segments breakouts
Commercial, Consumer & Wealth 464 461 +0.7%
Corporate 77 -12 +741.7%
Wholesale 256 230 +11.3%
Labor And Related Expense 1,159 1,137 +1.9%
Show Business Segments breakouts
Commercial, Consumer & Wealth 542 539 +0.6%
Corporate 403 402 +0.2%
Wholesale 214 196 +9.2%
Show Consolidated Entities breakouts
Parent Company 110 111 -0.9%
Occupancy Net 139 130 +6.9%
Show Business Segments breakouts
Commercial, Consumer & Wealth 77 76 +1.3%
Corporate 53 45 +17.8%
Wholesale 9 9 0.0%
Computer Software 138 121 +14.0%
Show Business Segments breakouts
Commercial, Consumer & Wealth 32 32 0.0%
Corporate 99 84 +17.9%
Wholesale 7 5 +40.0%
Information Technology And Data Processing 96 94 +2.1%
Show Business Segments breakouts
Commercial, Consumer & Wealth 17 17 0.0%
Corporate 56 55 +1.8%
Wholesale 23 22 +4.5%
Legal Fees 86 64 +34.4%
Show Business Segments breakouts
Commercial, Consumer & Wealth 17 11 +54.5%
Corporate 65 50 +30.0%
Wholesale 4 3 +33.3%
Marketing And Advertising Expense 54 48 +12.5%
Show Business Segments breakouts
Commercial, Consumer & Wealth 7 7 0.0%
Corporate 46 40 +15.0%
Wholesale 1 1 0.0%
Federal Deposit Insurance Corporation Premium Expense 42 64 -34.4%
Show Business Segments breakouts
Corporate 42 64 -34.4%
Contract Employment And Outsourcing Expense 38 51 -25.5%
Show Business Segments breakouts
Commercial, Consumer & Wealth 5 5 0.0%
Corporate 29 43 -32.6%
Wholesale 4 3 +33.3%
Amortization Of Intangible Assets 38 44 -13.6%
Show Business Segments breakouts
Commercial, Consumer & Wealth 35 39 -10.3%
Corporate 2 3 -33.3%
Wholesale 1 2 -50.0%
Charitable Contribution Expense 26 18 +44.4%
Show Business Segments breakouts
Commercial, Consumer & Wealth 1 2 -50.0%
Corporate 25 16 +56.2%
Other Noninterest Expense 258 264 -2.3%
Show Business Segments breakouts
Commercial, Consumer & Wealth 80 96 -16.7%
Corporate 151 141 +7.1%
Wholesale 27 27 0.0%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income 11 11 0.0%
Noninterest Expense 2,074 2,035 +1.9%
Show Business Segments breakouts
Commercial, Consumer & Wealth 1,443 1,417 +1.8%
Corporate 311 319 -2.5%
Wholesale 320 299 +7.0%
Income Before Taxes 1,280 1,005 +27.4%
Show Business Segments breakouts
Commercial, Consumer & Wealth 1,540 1,417 +8.7%
Corporate -417 -534 +21.9%
Wholesale 157 122 +28.7%
Show Consolidated Entities breakouts
Parent Company 871 985 -11.6%
Income Tax Expense (Benefit) 282 211 +33.6%
Show Business Segments breakouts
Commercial, Consumer & Wealth 367 334 +9.9%
Corporate -122 -152 +19.7%
Wholesale 37 29 +27.6%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -3 -3 0.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -11 -16 +31.2%
Show Consolidated Entities breakouts
Parent Company -27 -27 0.0%
Net Income 998 794 +25.7%
Show Business Segments breakouts
Commercial, Consumer & Wealth 1,173 1,083 +8.3%
Corporate -295 -382 +22.8%
Wholesale 120 93 +29.0%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -8 -8 0.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -35 -49 +28.6%
Noncontrolling Interest 16 19 -15.8%
Retained Earnings Unappropriated 982 775 +26.7%
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income -43 -126 +65.9%
Net Income Loss Attributable To Noncontrolling Interest 16 19 -15.8%
Net Income 982 775 +26.7%
Show Consolidated Entities breakouts
Parent Company 982 775 +26.7%
Dividends Preferred Stock 26 37 -29.7%
Net Income Loss Available To Common Stockholders Basic 956 738 +29.5%
Net Income Loss Available To Common Stockholders Diluted 956 738 +29.5%
EPS (Basic) 1.89 1.37 +38.0%
EPS (Diluted) 1.87 1.36 +37.5%
Wtd Avg Shares (Basic) 505,130 540,317 -6.5%
Wtd Avg Shares (Diluted) 511,107 544,285 -6.1%
Revenue 3,419 3,190 +7.2%
Show Business Segments breakouts
Commercial, Consumer & Wealth 3,033 2,992 +1.4%
Corporate -103 -226 +54.4%
Wholesale 489 424 +15.3%
Revenue (FY)
Show Product Lines breakouts
Underwriting, Portfolio Advisory, and Other Noninterest Income 40 42 -4.8%
Comprehensive Income 1,300 835 +55.7%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax (FY)
Show Hedging Designation breakouts
Designated As Hedging Instrument · Cash Flow Hedging 17 -63 +127.0%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents (Q)
Show Consolidated Entities breakouts
Parent Company 608 837 -27.4%
Non-Current Assets
Property, Plant & Equipment 544 574 -5.2%
Goodwill 1,510 1,510 0.0%
Show Business Segments breakouts
Commercial, Consumer & Wealth 1,217 1,217 0.0%
Wholesale 293 293 0.0%
Total Assets 83,876 82,152 +2.1%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Estimate Of Fair Value Fair Value Disclosure 1,279 1,692 -24.4%
Fair Value Inputs Level2 · Estimate Of Fair Value Fair Value Disclosure 12,421 12,005 +3.5%
Fair Value Inputs Level3 · Estimate Of Fair Value Fair Value Disclosure 64,038 61,336 +4.4%
Show Consolidated Entities breakouts
Parent Company 9,833 9,639 +2.0%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 78,410 76,660 +2.3%
Estimate Of Fair Value Fair Value Disclosure 77,738 75,033 +3.6%
Operating Lease Right-of-Use Assets 321 296 +8.4%
Other Assets
Cash And Due From Banks 961 906 +6.1%
Interest Bearing Deposits In Banks 1,125 1,538 -26.9%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Estimate Of Fair Value Fair Value Disclosure 1,125 1,538 -26.9%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 1,125 1,538 -26.9%
Estimate Of Fair Value Fair Value Disclosure 1,125 1,538 -26.9%
Federal Funds Sold And Securities Purchased Under Agreements To Resell 634 631 +0.5%
Trading Securities 1,904 1,387 +37.3%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Collateralized Mortgage Obligations 326 180 +81.1%
Fair Value Inputs Level2 · Corporate Debt Securities 930 767 +21.3%
Fair Value Inputs Level2 · Estimate Of Fair Value Fair Value Disclosure 1,859 1,364 +36.3%
Fair Value Inputs Level2 · Fair Value Measurements Recurring 1,859 1,364 +36.3%
Fair Value Inputs Level2 · Mortgage Backed Securities Issued By US Government Sponsored Enterprises 352 98 +259.2%
Fair Value Inputs Level2 · US Government Corporations And Agencies Securities 157 252 -37.7%
Fair Value Inputs Level2 · US States And Political Subdivisions 86 64 +34.4%
Fair Value Inputs Level2 · US Treasury Securities 8 3 +166.7%
Fair Value Inputs Level3 · Estimate Of Fair Value Fair Value Disclosure 45 23 +95.7%
Fair Value Inputs Level3 · Fair Value Measurements Recurring 45 23 +95.7%
Fair Value Inputs Level3 · Interest Only Strip 45 23 +95.7%
Show Financial Instrument breakouts
Collateralized Mortgage Obligations · Fair Value Measurements Recurring 326 180 +81.1%
Corporate Debt Securities · Fair Value Measurements Recurring 930 767 +21.3%
Interest Only Strip · Fair Value Measurements Recurring 45 23 +95.7%
Mortgage Backed Securities Issued By US Government Sponsored Enterprises · Fair Value Measurements Recurring 352 98 +259.2%
US Government Corporations And Agencies Securities · Fair Value Measurements Recurring 157 252 -37.7%
US States And Political Subdivisions · Fair Value Measurements Recurring 86 64 +34.4%
US Treasury Securities · Fair Value Measurements Recurring 8 3 +166.7%
Show Balance Sheet Location breakouts
Holdings of agency mortgage-backed securities 678 278 +143.9%
On-balance sheet trust preferred securitization 1 2 -50.0%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 1,904 1,387 +37.3%
Estimate Of Fair Value Fair Value Disclosure 1,904 1,387 +37.3%
Show Fair Value By Measurement Frequency breakouts
Fair Value Measurements Recurring 1,904 1,387 +37.3%
Debt Securities Available For Sale Excluding Accrued Interest 8,165 7,896 +3.4%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Collateralized Mortgage Obligations 2,869 2,767 +3.7%
Fair Value Inputs Level2 · Fair Value Measurements Recurring 8,165 7,896 +3.4%
Fair Value Inputs Level2 · Mortgage Backed Securities Issued By US Government Sponsored Enterprises 3,641 3,702 -1.6%
Fair Value Inputs Level2 · US Government Corporations And Agencies Securities 1,317 1,073 +22.7%
Fair Value Inputs Level2 · US States And Political Subdivisions 338 354 -4.5%
Fair Value Inputs Level3 · Interest Only Strip 45 23 +95.7%
Show Financial Instrument breakouts
Collateralized Mortgage Obligations 2,869 2,767 +3.7%
Collateralized Mortgage Obligations · Fair Value Measurements Recurring 2,869 2,767 +3.7%
Mortgage Backed Securities Issued By US Government Sponsored Enterprises 3,641 3,702 -1.6%
Mortgage Backed Securities Issued By US Government Sponsored Enterprises · Fair Value Measurements Recurring 3,641 3,702 -1.6%
Other U.S. government agencies 1,317 1,073 +22.7%
US Government Corporations And Agencies Securities · Fair Value Measurements Recurring 1,317 1,073 +22.7%
US States And Political Subdivisions 338 354 -4.5%
US States And Political Subdivisions · Fair Value Measurements Recurring 338 354 -4.5%
Show Balance Sheet Location breakouts
Holdings of agency mortgage-backed securities 6.5 6.5 0.0%
Show Fair Value By Measurement Frequency breakouts
Fair Value Measurements Recurring 8,165 7,896 +3.4%
Held To Maturity Securities 1,216 1,270 -4.3%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Estimate Of Fair Value Fair Value Disclosure 1,073 1,083 -0.9%
Show Financial Instrument breakouts
Collateralized Mortgage Obligations 758 466 +62.7%
Mortgage Backed Securities Issued By US Government Sponsored Enterprises 458 804 -43.0%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 1,216 1,270 -4.3%
Estimate Of Fair Value Fair Value Disclosure 1,073 1,083 -0.9%
Show Pledged Status breakouts
Asset Pledged As Collateral 1.1 1.2 -8.3%
Loans Receivable Held For Sale Net Not Part Of Disposal Group 406 551 -26.3%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Estimate Of Fair Value Fair Value Disclosure 370 508 -27.2%
Fair Value Inputs Level2 · Estimate Of Fair Value Fair Value Disclosure 233 439 -46.9%
Fair Value Inputs Level2 · Estimate Of Fair Value Fair Value Disclosure 137 69 +98.6%
Fair Value Inputs Level3 · Estimate Of Fair Value Fair Value Disclosure 36 43 -16.3%
Fair Value Inputs Level3 · Estimate Of Fair Value Fair Value Disclosure 22 27 -18.5%
Fair Value Inputs Level3 · Estimate Of Fair Value Fair Value Disclosure 14 16 -12.5%
Show Accounts Notes Loans And Financing Receivable By Receivable Type breakouts
Mortgage Receivables 147 81 +81.5%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 406 551 -26.3%
Carrying Reported Amount Fair Value Disclosure · Mortgage loans - LOCOM 22 27 -18.5%
Carrying Reported Amount Fair Value Disclosure · Residential Mortgage 151 85 +77.6%
Carrying Reported Amount Fair Value Disclosure · USDA & SBA loans - LOCOM 233 439 -46.9%
Estimate Of Fair Value Fair Value Disclosure 406 551 -26.3%
Estimate Of Fair Value Fair Value Disclosure · Mortgage loans - LOCOM 22 27 -18.5%
Estimate Of Fair Value Fair Value Disclosure · Residential Mortgage 151 85 +77.6%
Estimate Of Fair Value Fair Value Disclosure · USDA & SBA loans - LOCOM 233 439 -46.9%
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss 64,156 62,565 +2.5%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 · Fair Value Measurements Nonrecurring 370 344 +7.6%
Show Sub Class of Financing Receivable [Axis] breakouts
Commercial Real Estate · Collateral Pledged 240
Commercial Real Estate · Commercial Portfolio Segment 13,563 14,421 -5.9%
Commercial Real Estate · Commercial Portfolio Segment 12,129 12,612 -3.8%
Commercial Real Estate · Commercial Portfolio Segment 1,029 1,121 -8.2%
Commercial Real Estate · Commercial Portfolio Segment 405 688 -41.1%
Finance And Insurance Companies · Commercial Portfolio Segment 4.1
General C I · Collateral Pledged 160
Home Equity · Asset Pledged As Collateral 5 6 -16.7%
Real estate installment loans · Asset Pledged As Collateral 46 36 +27.8%
Show Sub Class of Financing Receivable [Axis] breakouts
Commercial Real Estate · Commercial Real Estate Portfolio Segment 13,563 14,421 -5.9%
Credit card · Consumer Portfolio Segment 228 265 -14.0%
General C I · Commercial Portfolio Segment 31,202 29,957 +4.2%
Home Equity · Consumer Portfolio Segment 2,164 2,092 +3.4%
Loans to mortgage companies · Commercial Portfolio Segment 4,703 3,471 +35.5%
Other · Consumer Portfolio Segment 352 404 -12.9%
Real estate installment loans · Consumer Portfolio Segment 11,944 11,955 -0.1%
Show Collateral breakouts
Collateral Pledged · Commercial Portfolio Segment 400 352 +13.6%
Show Credit Score Fico breakouts
FICO score 620-659 · Consumer Portfolio Segment 193 240 -19.6%
FICO score 620-659 · Consumer Portfolio Segment 10 13 -23.1%
FICO score 660-699 · Consumer Portfolio Segment 1,020 1,116 -8.6%
FICO score 660-699 · Consumer Portfolio Segment 9 26 -65.4%
FICO score 700-719 · Consumer Portfolio Segment 1,068 1,112 -4.0%
FICO score 700-719 · Consumer Portfolio Segment 17 21 -19.0%
FICO score 720-739 · Consumer Portfolio Segment 1,397 1,391 +0.4%
FICO score 720-739 · Consumer Portfolio Segment 19 37 -48.6%
FICO score 740 or greater · Consumer Portfolio Segment 9,982 9,854 +1.3%
FICO score 740 or greater · Consumer Portfolio Segment 257 283 -9.2%
FICO score less than 620 · Consumer Portfolio Segment 448 334 +34.1%
FICO score less than 620 · Consumer Portfolio Segment 268 289 -7.3%
Show Fair Value By Measurement Frequency breakouts
Fair Value Measurements Nonrecurring 370 344 +7.6%
Show Financing Receivable Portfolio breakouts
Commercial Portfolio Segment · Commercial and industrial 31,202 29,957 +4.2%
Commercial Portfolio Segment · Commercial and industrial 35,905 33,428 +7.4%
Commercial Portfolio Segment · Commercial and industrial 34,441 31,593 +9.0%
Commercial Portfolio Segment · Commercial and industrial 1,062 1,206 -11.9%
Commercial Portfolio Segment · Commercial and industrial 402 629 -36.1%
Commercial Portfolio Segment · Commercial Real Estate Portfolio Segment 13,563 14,421 -5.9%
Commercial Portfolio Segment · Credit card and other: 143 174 -17.8%
Commercial Portfolio Segment · Loans to mortgage companies 4,703 3,471 +35.5%
Consumer Portfolio Segment 14,108 14,047 +0.4%
Consumer Portfolio Segment · Consumer real estate 14,108 14,047 +0.4%
Consumer Portfolio Segment · Credit card and other: 580 669 -13.3%
Consumer Portfolio Segment · Home Equity 2,164 2,092 +3.4%
Consumer Portfolio Segment · Real estate installment loans 11,944 11,955 -0.1%
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest -738 -815 +9.4%
Show Accounts Notes Loans And Financing Receivable By Receivable Type breakouts
Mortgage Receivables -12 -15 +20.0%
Show Financing Receivable Portfolio breakouts
Commercial Portfolio Segment · Commercial and industrial -335 -345 +2.9%
Commercial Portfolio Segment · Commercial Real Estate Portfolio Segment -177 -227 +22.0%
Consumer Portfolio Segment · Consumer real estate -206 -221 +6.8%
Consumer Portfolio Segment · Credit card and other: -20 -22 +9.1%
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss 63,418 61,750 +2.7%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 · Estimate Of Fair Value Fair Value Disclosure 62,955 60,324 +4.4%
Fair Value Inputs Level3 · Estimate Of Fair Value Fair Value Disclosure 35,401 32,511 +8.9%
Fair Value Inputs Level3 · Estimate Of Fair Value Fair Value Disclosure 13,707 13,262 +3.4%
Fair Value Inputs Level3 · Estimate Of Fair Value Fair Value Disclosure 558 657 -15.1%
Fair Value Inputs Level3 · Estimate Of Fair Value Fair Value Disclosure 13,289 13,894 -4.4%
Show Legal Entity breakouts
First Horizon Bank 27
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 63,418 61,750 +2.7%
Carrying Reported Amount Fair Value Disclosure · Commercial and industrial 35,570 33,083 +7.5%
Carrying Reported Amount Fair Value Disclosure · Commercial Real Estate Portfolio Segment 13,386 14,194 -5.7%
Carrying Reported Amount Fair Value Disclosure · Consumer real estate 13,902 13,826 +0.5%
Carrying Reported Amount Fair Value Disclosure · Credit Card And Other Portfolio Segment [Member] 560 647 -13.4%
Estimate Of Fair Value Fair Value Disclosure 62,955 60,324 +4.4%
Estimate Of Fair Value Fair Value Disclosure · Commercial and industrial 35,401 32,511 +8.9%
Estimate Of Fair Value Fair Value Disclosure · Commercial Real Estate Portfolio Segment 13,289 13,894 -4.4%
Estimate Of Fair Value Fair Value Disclosure · Consumer real estate 13,707 13,262 +3.4%
Estimate Of Fair Value Fair Value Disclosure · Credit Card And Other Portfolio Segment [Member] 558 657 -15.1%
Show Pledged Status breakouts
Asset Pledged As Collateral 45.1 45.8 -1.5%
Intangible Assets Net Excluding Goodwill 105 143 -26.6%
Show Finite Lived Intangible Assets By Major Class breakouts
Core Deposits 90 123 -26.8%
Customer Relationships 12 14 -14.3%
Other Intangible Assets 3 6 -50.0%
Other Assets 3,888 3,996 -2.7%
Show Consolidated Entities breakouts
Parent Company 258 251 +2.8%
Rabbi Trusts Used For Deferred Compensation Plans 202 195 +3.6%
Non-Current Liabilities
Total Liabilities 74,734 73,041 +2.3%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Estimate Of Fair Value Fair Value Disclosure 9 6 +50.0%
Fair Value Inputs Level2 · Estimate Of Fair Value Fair Value Disclosure 11,753 12,057 -2.5%
Fair Value Inputs Level3 · Estimate Of Fair Value Fair Value Disclosure 307 311 -1.3%
Show Consolidated Entities breakouts
Parent Company 986 823 +19.8%
Variable Interest Entity Not Primary Beneficiary · Low income housing partnerships 260 222 +17.1%
Variable Interest Entity Not Primary Beneficiary · On-balance sheet trust preferred securitization 89 88 +1.1%
Variable Interest Entity Not Primary Beneficiary · Other tax credit investments 74 73 +1.4%
Variable Interest Entity Not Primary Beneficiary · Proprietary trust preferred issuances 167 167 0.0%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 12,069 12,429 -2.9%
Estimate Of Fair Value Fair Value Disclosure 12,069 12,374 -2.5%
Other Liabilities
Noninterest Bearing Deposit Liabilities 15,823 16,021 -1.2%
Interest Bearing Deposit Liabilities 51,653 49,560 +4.2%
Deposits 67,476 65,581 +2.9%
Trading Liabilities 607 550 +10.4%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Estimate Of Fair Value Fair Value Disclosure 607 550 +10.4%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 607 550 +10.4%
Estimate Of Fair Value Fair Value Disclosure 607 550 +10.4%
Short Term Borrowings 3,254 3,400 -4.3%
Show Short Term Debt Type breakouts
Federal Funds Purchased 1,039 259 +301.2%
Other Short-term Borrowings 242 1,045 -76.8%
Securities Sold Under Agreements To Repurchase 1,973 2,096 -5.9%
Trading Liabilities 607 550 +10.4%
Other Long Term Debt 1,321 1,195 +10.5%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Estimate Of Fair Value Fair Value Disclosure 1,058 866 +22.2%
Show Debt Instrument breakouts
0.00% on December 31, 2025 and 4.92% on December 31, 2024 · First Horizon Bank 89 88 +1.1%
Maturity date – December 15, 2035 - 5.35% on December 31, 2025 and 5.99% on December 31, 2024 · First Horizon Corporation 19 18 +5.6%
Maturity date – July 7, 2036 - 5.72% on December 31, 2025 and 6.47% on December 31, 2024 · First Horizon Corporation 19 19 0.0%
Maturity date – June 15, 2037 - 5.63% on December 31, 2025 and 6.27% on December 31, 2024 · First Horizon Corporation 53 53 0.0%
Maturity date – June 28, 2035 - 5.66% on December 31, 2025 and 6.30% on December 31, 2024 · First Horizon Corporation 3 3 0.0%
Maturity date – June 30, 2036 - 5.27% on December 31, 2025 and 5.91% on December 31, 2024 · First Horizon Corporation 28 28 0.0%
Maturity date – March 15, 2036 - 5.38% on December 31, 2025 and 6.02% on December 31, 2024 · First Horizon Corporation 10 9 +11.1%
Maturity date – March 15, 2036 - 5.52% on December 31, 2025 and 6.16% on December 31, 2024 · First Horizon Corporation 12 12 0.0%
Maturity date – March 31, 2031 - 9.50% · FT Real Estate Securities Company, Inc.: 47 47 0.0%
Maturity date – March 7, 2031 - 5.51% · First Horizon Corporation 497
Maturity date – May 1, 2030 - 5.75% · First Horizon Bank 449 448 +0.2%
Maturity date – September 6, 2037 - 5.43% on December 31, 2025 and 6.14% on December 31, 2024 · First Horizon Corporation 9 9 0.0%
Notes payable - New Market Tax Credit investments; 17 to 34 year term, 0.93% to 4.75% on December 31, 2025; 17 to 35 year term, 0.93% to 4.75% on December 31, 2024 · First Horizon Corporation 74 74 0.0%
Other collateralized borrowings - SBA loans · First Horizon Bank 12 37 -67.6%
Show Consolidated Entities breakouts
Parent Company 497 350 +42.0%
Show Balance Sheet Location breakouts
On-balance sheet trust preferred securitization 89 88 +1.1%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 1,035 886 +16.8%
Estimate Of Fair Value Fair Value Disclosure 1,058 866 +22.2%
Other Liabilities 2,076 2,315 -10.3%
Show Consolidated Entities breakouts
Rabbi Trusts Used For Deferred Compensation Plans 176 165 +6.7%
Stockholders' Equity
Preferred Stock Value 349 426 -18.1%
Show Statement Class Of Stock breakouts
Series C Preferred Stock 59 59 0.0%
Series E Preferred Stock 145 145 0.0%
Series F Preferred Stock 145 145 0.0%
Common Stock 303 328 -7.6%
Additional Paid In Capital Common Stock 3,974 4,808 -17.3%
Retained Earnings 5,031 4,382 +14.8%
Show Legal Entity breakouts
First Horizon Bank 3.2
Accumulated Other Comprehensive Income -810 -1,128 +28.2%
Total Stockholders' Equity 8,847 8,816 +0.4%
Minority Interest 295 295 0.0%
Show Statement Class Of Stock breakouts
Preferred Class A 295 295 0.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 9,142 9,111 +0.3%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -256 -252 -1.6%
Accumulated Gain Loss Net Cash Flow Hedge Parent -42 -94 +55.3%
Accumulated Net Unrealized Investment Gain Loss -512 -782 +34.5%
Accumulated Other Comprehensive Income -810 -1,128 +28.2%
Additional Paid In Capital 3,974 4,808 -17.3%
Common Stock 303 328 -7.6%
Noncontrolling Interest 295 295 0.0%
Preferred Stock 349 426 -18.1%
Retained Earnings Unappropriated 5,031 4,382 +14.8%
Show Consolidated Entities breakouts
Parent Company 8,847 8,816 +0.4%
Total Liabilities & Equity 83,876 82,152 +2.1%
Show Consolidated Entities breakouts
Parent Company 9,833 9,639 +2.0%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Deferred Income Taxes 49 -17 +388.2%
Show Consolidated Entities breakouts
Parent Company 16 15 +6.7%
Depreciation Premises And Equipment 56 55 +1.8%
Accretion Amortization Of Discounts And Premiums Investments -30 2 -1600.0%
Increase Decrease In Debt Securities Trading 530 1,011 -47.6%
Unrealized Gain Loss On Derivatives 5 -2 +350.0%
Stock-Based Compensation 61 59 +3.4%
Show Consolidated Entities breakouts
Parent Company 61 59 +3.4%
Equity Securities Fv Ni Gain Loss -1 89 -101.1%
Payments To Purchase Loans Held For Sale -3,077 -2,758 -11.6%
Proceeds From Sale Of Loans Held For Sale 2,187 1,792 +22.0%
Loans Held For Sale Adjustment For Gain Loss Fair Value Disclosure -19 -75 +74.7%
Other Operating Activities Cash Flow Statement -234 124 -288.7%
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities -370 474 -178.1%
Show Consolidated Entities breakouts
Parent Company 60 56 +7.1%
Net Cash from Operations 628 1,268 -50.5%
Depreciation & Amortization 64 101 -36.6%
Show Business Segments breakouts
Commercial, Consumer & Wealth 19 38 -50.0%
Corporate 38 57 -33.3%
Wholesale 7 6 +16.7%
Investing Activities
Proceeds From Sale Of Available For Sale Securities Debt (FY)
Show Consolidated Entities breakouts
Parent Company 11 3 +266.7%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 957 831 +15.2%
Purchases of Investments -874 -1,538 +43.2%
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities 57 57 0.0%
Proceeds From Sale Of Property Plant And Equipment 3 8 -62.5%
Capital Expenditures -33 -44 +25.0%
Proceeds From Life Insurance Policies 24 13 +84.6%
Payments For Proceeds From Loans And Leases -1,647 -1,337 -23.2%
Proceeds From Payments For In Interest Bearing Deposits In Banks 413 -209 +297.6%
Other Investing Activities 6 6 0.0%
Net Cash from Investing -1,094 -1,058 -3.4%
Show Consolidated Entities breakouts
Parent Company -2 -7 +71.4%
Financing Activities
Proceeds From Stock Options Exercised 6 9 -33.3%
Show Consolidated Entities breakouts
Parent Company 6 9 -33.3%
Payments Of Dividends Common Stock -314 -332 +5.4%
Show Consolidated Entities breakouts
Parent Company -314 -332 +5.4%
Share Repurchases -918 -626 -46.6%
Show Consolidated Entities breakouts
Parent Company -918 -626 -46.6%
Payments For Repurchase Of Preferred Stock And Preference Stock -80 -100 +20.0%
Show Consolidated Entities breakouts
Parent Company -80 -100 +20.0%
Payments Of Dividends Minority Interest -16 -19 +15.8%
Payments Of Dividends Preferred Stock And Preference Stock -26 -29 +10.3%
Show Consolidated Entities breakouts
Parent Company -26 -29 +10.3%
Increase Decrease In Deposits 1,894 -201 +1042.3%
Proceeds From Repayments Of Short Term Debt -146 851 -117.2%
Proceeds From Issuance Of Long Term Debt 513 16 +3106.2%
Show Consolidated Entities breakouts
Parent Company 497
Repayments Of Long Term Debt -366 -6 -6000.0%
Show Consolidated Entities breakouts
Parent Company -350
Increase Decrease In Secured Borrowings -23 33 -169.7%
Net Cash from Financing 524 -404 +229.7%
Show Consolidated Entities breakouts
Parent Company -1,185 -1,078 -9.9%
Supplemental
Interest Paid 1,584 1,869 -15.2%
Show Consolidated Entities breakouts
Parent Company 31 26 +19.2%
Income Taxes Paid 62 106 -41.5%
Proceeds From Income Tax Refunds 2 7 -71.4%
Transfer From Loans To Real Estate Acquired By Foreclosure 5 3 +66.7%
Transferfrom Loans Held For Saleto Trading Securities 1,053 992 +6.1%
Transfer Of Portfolio Loans And Leases To Held For Sale1 1
Income Taxes Paid 60 99 -39.4%
Show Consolidated Entities breakouts
Parent Company 27 60 -55.0%
Other Cash Flow
Net Change in Cash 58 -194 +129.9%
Show Consolidated Entities breakouts
Parent Company -229 -17 -1247.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,595 1,537 +3.8%
Show Consolidated Entities breakouts
Parent Company 608 837 -27.4%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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