FHN
$23.42+1.61%
as of close, Oct 2, 2026
☾ AH $23.42 +1.61%
FHN financial statements
The full income statement, balance sheet, and cash-flow statement for First Horizon Corporation (FHN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 535.9M2024-09 530.1M2024-12 521.8M2025-03 507.2M2025-06 507.7M2025-09 492.4M2025-12 483.2M2026-03 474.6M2026-06 473.8M-11.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.42B+7.2% | 3.19B-8.0% | 3.47B+18.9% | 2.92B-5.0% | 3.07B-2.7% | ||
| Noninterest income | 797M+17.4% | 679M-26.8% | 927M+13.7% | 815M-24.3% | 1.08B-27.9% | |
| Amortization of intangibles | 38.0M-13.6% | 44.0M-6.4% | 47.0M-7.8% | 51.0M-8.9% | 56.0M+40.0% | |
| Noninterest expense | 2.07B+1.9% | 2.04B-2.1% | 2.08B+6.5% | 1.95B-6.8% | 2.10B+22.0% | |
| Interest expense | — | — | 1.56B+436.1% | 291M+77.4% | 164M-30.5% | |
| Interest & investment income | 4.19B-3.8% | 4.35B+6.1% | 4.10B+52.8% | 2.68B+24.3% | 2.16B+13.7% | |
| Net interest income | 2.62B+4.4% | 2.51B-1.1% | 2.54B+6.2% | 2.39B+20.0% | 1.99B+20.0% | |
| Gain (loss) on equity securities | 10.0M-9.1% | 11.0M+375.0% | -4.00M-122.2% | 18.0M+38.5% | 13.0M+316.7% | |
| Pre-tax income | 1.28B+27.4% | 1.00B-10.9% | 1.13B-2.7% | 1.16B-9.7% | 1.28B+37.6% | |
| Income tax | 282M+33.6% | 211M-0.5% | 212M-14.2% | 247M-9.9% | 274M+260.5% | |
| 982M+26.7% | 775M-13.6% | 897M-0.3% | 900M-9.9% | 999M+18.2% | ||
| Net income to non-controlling interest | 16.0M-15.8% | 19.0M+0.0% | 19.0M+58.3% | 12.0M+9.1% | 11.0M-8.3% | |
| Preferred dividends | 26.0M-29.7% | 37.0M+15.6% | 32.0M+0.0% | 32.0M-13.5% | 37.0M+60.9% | |
| Net income to common | 956M+29.5% | 738M-14.7% | 865M-0.3% | 868M-9.8% | 962M+17.0% | |
| $1.87+37.5% | $1.36-11.7% | $1.54+0.7% | $1.53-12.1% | $1.74-7.9% | ||
| EPS (basic) | $1.89+38.0% | $1.37-13.3% | $1.58-2.5% | $1.62-8.0% | $1.76-7.4% | |
| Weighted-avg shares (basic) | 505M-6.5% | 540M-1.5% | 548M+2.5% | 535M-2.1% | 546M+26.4% | |
| Weighted-avg shares (diluted) | 511M-6.1% | 544M-3.1% | 562M-0.8% | 566M+2.7% | 551M+27.1% | |
| Dividends per share | $0.60+0.0% | $0.60+0.0% | $0.60+0.0% | $0.60+0.0% | $0.60+0.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 1.59B+3.8% | 1.54B-11.2% | 1.73B+12.2% | 1.54B-13.7% | 1.79B+8.5% | |
| 83.9B+2.1% | 82.2B+0.6% | 81.7B+3.4% | 79.0B-11.4% | 89.1B+5.8% | ||
| Property, plant & equipment | 544M-5.2% | 574M-2.7% | 590M-3.6% | 612M-8.0% | 665M-12.4% | |
| Operating lease right-of-use | 321M+8.4% | 296M-3.3% | 306M-7.6% | 331M-4.1% | 345M-6.0% | |
| Goodwill | 1.51B+0.0% | 1.51B+0.0% | 1.51B-0.1% | 1.51B+0.0% | 1.51B+0.0% | |
| Intangible assets | 105M-26.6% | 143M-23.1% | 186M-20.5% | 234M-21.5% | 298M-15.8% | |
| Short-term & current debt | 3.25B-4.3% | 3.40B+33.4% | 2.55B+1.7% | 2.51B+18.0% | 2.12B-3.4% | |
| 74.7B+2.3% | 73.0B+0.9% | 72.4B+2.8% | 70.4B-12.6% | 80.6B+6.2% | ||
| Operating lease liability (total) | 368M+11.5% | 330M-3.5% | 342M-6.8% | 367M-3.9% | 382M-6.1% | |
| Finance lease liability (total) | 2.00M-33.3% | 3.00M+0.0% | 3.00M-25.0% | 4.00M+0.0% | 4.00M+0.0% | |
| 8.85B+0.4% | 8.82B-2.0% | 9.00B+9.0% | 8.25B+0.6% | 8.20B+2.3% | ||
| Preferred stock | 349M-18.1% | 426M-18.1% | 520M-48.7% | 1.01B+95.0% | 520M+10.6% | |
| Common stock | 303M-7.6% | 328M-6.0% | 349M+3.9% | 336M+0.9% | 333M-4.0% | |
| Additional paid-in capital | 3.97B-17.3% | 4.81B-10.1% | 5.35B+10.6% | 4.84B+2.0% | 4.74B-6.5% | |
| Retained earnings | 5.03B+14.8% | 4.38B+10.5% | 3.96B+15.6% | 3.43B+18.6% | 2.89B+27.9% | |
| Accumulated other comprehensive income | -810M+28.2% | -1.13B+5.1% | -1.19B+13.2% | -1.37B-375.0% | -288M-105.7% | |
| Non-controlling interest | 295M+0.0% | 295M+0.0% | 295M+0.0% | 295M+0.0% | 295M+0.0% | |
| Total equity incl. non-controlling | 9.14B+0.3% | 9.11B-1.9% | 9.29B+8.7% | 8.55B+0.6% | 8.49B+2.3% | |
| Total liabilities & equity | 83.9B+2.1% | 82.2B+0.6% | 81.7B+3.4% | 79.0B-11.4% | 89.1B+5.8% | |
| Common shares issued | 485M-7.5% | 524M-6.2% | 559M+4.0% | 537M+0.7% | 534M-3.9% | |
| Shares outstanding (cover) | 483M-7.4% | 522M-6.6% | 559M+4.0% | 537M+0.7% | 534M-3.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 628M-50.5% | 1.27B-2.4% | 1.30B-43.3% | 2.29B+216.0% | 725M+321.5% | ||
| Depreciation & amortization | 64.0M-36.6% | 101M-1.0% | 102M+20.0% | 85.0M+88.9% | 45.0M-2.2% | |
| Intangible amortization | 38.0M-13.6% | 44.0M-6.4% | 47.0M-7.8% | 51.0M-8.9% | 56.0M+40.0% | |
| Share-based compensation | 61.0M+3.4% | 59.0M+63.9% | 36.0M-52.0% | 75.0M+74.4% | 43.0M+34.4% | |
| Deferred income taxes | 49.0M+388.2% | -17.0M-138.6% | 44.0M-51.6% | 91.0M | 0.00+100.0% | |
| Other operating activities | -234M-288.7% | 124M-41.5% | 212M+177.9% | -272M-518.5% | 65.0M+111.9% | |
| -1.09B-3.4% | -1.06B+59.4% | -2.60B-131.3% | 8.33B+281.1% | -4.60B+7.4% | ||
| Capital expenditure | 33.0M-25.0% | 44.0M+18.9% | 37.0M+32.1% | 28.0M-24.3% | 37.0M-90.2% | |
| Free cash flow | 595M-51.4% | 1.22B-3.0% | 1.26B-44.2% | 2.26B+228.9% | 688M+432.4% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00+100.0% | |
| Sales/maturities of investments | 957M+15.2% | 831M-2.9% | 856M-36.6% | 1.35B-51.2% | 2.77B-32.4% | |
| Proceeds from sale of PP&E | 3.00M-62.5% | 8.00M+700.0% | 1.00M-94.4% | 18.0M-57.1% | 42.0M+250.0% | |
| Other investing activities | -6.00M+0.0% | -6.00M+62.5% | -16.0M+78.7% | -75.0M-294.7% | -19.0M-35.7% | |
| 524M+229.7% | -404M-127.0% | 1.49B+113.7% | -10.9B-370.6% | 4.02B-22.4% | ||
| Long-term debt issued | 513M+3106.3% | 16.0M | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 366M+6000.0% | 6.00M-98.7% | 450M | 0.00-100.0% | 108M-67.0% | |
| Net short-term debt | -146M-117.2% | 851M+1879.1% | 43.0M-88.7% | 382M+609.3% | -75.0M+95.1% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 918M+46.6% | 626M+6160.0% | 10.0M-16.7% | 12.0M-97.1% | 416M+10300.0% | |
| Dividends paid | 314M-5.4% | 332M-0.9% | 335M+3.4% | 324M-2.7% | 333M+50.0% | |
| Net change in cash | 58.0M+129.9% | -194M-203.2% | 188M+176.7% | -245M-275.0% | 140M-63.3% | |
| Interest paid | 1.58B-15.2% | 1.87B+30.9% | 1.43B+410.0% | 280M+64.7% | 170M-34.9% | |
| Income taxes paid | 60.0M-39.4% | 99.0M-4.8% | 104M+420.0% | 20.0M-92.2% | 258M+145.7% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 11.5B+9.9% | 10.5B+32.8% | 7.91B-39.8% | 13.2B+50.9% | 8.71B+22.9% | |
| P/E | 11.8×-13.3% | 13.6×+67.8% | 8.1×-47.1% | 15.3×+75.1% | 8.7×+4.0% | |
| P/S | 3.4×+2.5% | 3.3×+47.8% | 2.2×-47.9% | 4.3×+50.9% | 2.8×+26.3% | |
| P/B | 1.3×+9.5% | 1.2×+28.0% | 0.9×-43.4% | 1.6×+54.9% | 1.1×+20.1% | |
| P/FCF | 19.4×+126.1% | 8.6×+145.6% | 3.5×-81.7% | 19.1×+50.9% | 12.7× | |
| Earnings yield | 8.5%+15.3% | 7.4%-40.4% | 12.4%+89.0% | 6.5%-42.9% | 11.5%-3.8% | |
| FCF yield | 5.2%-55.8% | 11.6%-59.3% | 28.6%+446.7% | 5.2%-33.7% | 7.9% | |
| Dividend yield | 2.5%-15.7% | 3.0%-29.7% | 4.2%+73.0% | 2.4%-33.3% | 3.7%-21.9% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: FHN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FHN filings on SEC EDGAR → Not investment advice.