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.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	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 YoY+7.2%	3.19B YoY-8.0%	3.47B YoY+18.9%	2.92B YoY-5.0%	3.07B YoY-2.7%
Noninterest income	797M YoY+17.4%	679M YoY-26.8%	927M YoY+13.7%	815M YoY-24.3%	1.08B YoY-27.9%
Amortization of intangibles	38.0M YoY-13.6%	44.0M YoY-6.4%	47.0M YoY-7.8%	51.0M YoY-8.9%	56.0M YoY+40.0%
Noninterest expense	2.07B YoY+1.9%	2.04B YoY-2.1%	2.08B YoY+6.5%	1.95B YoY-6.8%	2.10B YoY+22.0%
Interest expense	—	—	1.56B YoY+436.1%	291M YoY+77.4%	164M YoY-30.5%
Interest & investment income	4.19B YoY-3.8%	4.35B YoY+6.1%	4.10B YoY+52.8%	2.68B YoY+24.3%	2.16B YoY+13.7%
Net interest income	2.62B YoY+4.4%	2.51B YoY-1.1%	2.54B YoY+6.2%	2.39B YoY+20.0%	1.99B YoY+20.0%
Gain (loss) on equity securities	10.0M YoY-9.1%	11.0M YoY+375.0%	-4.00M YoY-122.2%	18.0M YoY+38.5%	13.0M YoY+316.7%
Pre-tax income	1.28B YoY+27.4%	1.00B YoY-10.9%	1.13B YoY-2.7%	1.16B YoY-9.7%	1.28B YoY+37.6%
Income tax	282M YoY+33.6%	211M YoY-0.5%	212M YoY-14.2%	247M YoY-9.9%	274M YoY+260.5%
	982M YoY+26.7%	775M YoY-13.6%	897M YoY-0.3%	900M YoY-9.9%	999M YoY+18.2%
Net income to non-controlling interest	16.0M YoY-15.8%	19.0M YoY+0.0%	19.0M YoY+58.3%	12.0M YoY+9.1%	11.0M YoY-8.3%
Preferred dividends	26.0M YoY-29.7%	37.0M YoY+15.6%	32.0M YoY+0.0%	32.0M YoY-13.5%	37.0M YoY+60.9%
Net income to common	956M YoY+29.5%	738M YoY-14.7%	865M YoY-0.3%	868M YoY-9.8%	962M YoY+17.0%
	$1.87 YoY+37.5%	$1.36 YoY-11.7%	$1.54 YoY+0.7%	$1.53 YoY-12.1%	$1.74 YoY-7.9%
EPS (basic)	$1.89 YoY+38.0%	$1.37 YoY-13.3%	$1.58 YoY-2.5%	$1.62 YoY-8.0%	$1.76 YoY-7.4%
	505M YoY-6.5%	540M YoY-1.5%	548M YoY+2.5%	535M YoY-2.1%	546M YoY+26.4%
	511M YoY-6.1%	544M YoY-3.1%	562M YoY-0.8%	566M YoY+2.7%	551M YoY+27.1%
Dividends per share	$0.60 YoY+0.0%	$0.60 YoY+0.0%	$0.60 YoY+0.0%	$0.60 YoY+0.0%	$0.60 YoY+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 YoY+3.8%	1.54B YoY-11.2%	1.73B YoY+12.2%	1.54B YoY-13.7%	1.79B YoY+8.5%
	83.9B YoY+2.1%	82.2B YoY+0.6%	81.7B YoY+3.4%	79.0B YoY-11.4%	89.1B YoY+5.8%
Property, plant & equipment	544M YoY-5.2%	574M YoY-2.7%	590M YoY-3.6%	612M YoY-8.0%	665M YoY-12.4%
Operating lease right-of-use	321M YoY+8.4%	296M YoY-3.3%	306M YoY-7.6%	331M YoY-4.1%	345M YoY-6.0%
Goodwill	1.51B YoY+0.0%	1.51B YoY+0.0%	1.51B YoY-0.1%	1.51B YoY+0.0%	1.51B YoY+0.0%
Intangible assets	105M YoY-26.6%	143M YoY-23.1%	186M YoY-20.5%	234M YoY-21.5%	298M YoY-15.8%
Short-term & current debt	3.25B YoY-4.3%	3.40B YoY+33.4%	2.55B YoY+1.7%	2.51B YoY+18.0%	2.12B YoY-3.4%
	74.7B YoY+2.3%	73.0B YoY+0.9%	72.4B YoY+2.8%	70.4B YoY-12.6%	80.6B YoY+6.2%
Operating lease liability (total)	368M YoY+11.5%	330M YoY-3.5%	342M YoY-6.8%	367M YoY-3.9%	382M YoY-6.1%
Finance lease liability (total)	2.00M YoY-33.3%	3.00M YoY+0.0%	3.00M YoY-25.0%	4.00M YoY+0.0%	4.00M YoY+0.0%
	8.85B YoY+0.4%	8.82B YoY-2.0%	9.00B YoY+9.0%	8.25B YoY+0.6%	8.20B YoY+2.3%
Preferred stock	349M YoY-18.1%	426M YoY-18.1%	520M YoY-48.7%	1.01B YoY+95.0%	520M YoY+10.6%
Common stock	303M YoY-7.6%	328M YoY-6.0%	349M YoY+3.9%	336M YoY+0.9%	333M YoY-4.0%
Additional paid-in capital	3.97B YoY-17.3%	4.81B YoY-10.1%	5.35B YoY+10.6%	4.84B YoY+2.0%	4.74B YoY-6.5%
Retained earnings	5.03B YoY+14.8%	4.38B YoY+10.5%	3.96B YoY+15.6%	3.43B YoY+18.6%	2.89B YoY+27.9%
Accumulated other comprehensive income	-810M YoY+28.2%	-1.13B YoY+5.1%	-1.19B YoY+13.2%	-1.37B YoY-375.0%	-288M YoY-105.7%
Non-controlling interest	295M YoY+0.0%	295M YoY+0.0%	295M YoY+0.0%	295M YoY+0.0%	295M YoY+0.0%
Total equity incl. non-controlling	9.14B YoY+0.3%	9.11B YoY-1.9%	9.29B YoY+8.7%	8.55B YoY+0.6%	8.49B YoY+2.3%
Total liabilities & equity	83.9B YoY+2.1%	82.2B YoY+0.6%	81.7B YoY+3.4%	79.0B YoY-11.4%	89.1B YoY+5.8%
	485M YoY-7.5%	524M YoY-6.2%	559M YoY+4.0%	537M YoY+0.7%	534M YoY-3.9%
	483M YoY-7.4%	522M YoY-6.6%	559M YoY+4.0%	537M YoY+0.7%	534M YoY-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 YoY-50.5%	1.27B YoY-2.4%	1.30B YoY-43.3%	2.29B YoY+216.0%	725M YoY+321.5%
Depreciation & amortization	64.0M YoY-36.6%	101M YoY-1.0%	102M YoY+20.0%	85.0M YoY+88.9%	45.0M YoY-2.2%
Intangible amortization	38.0M YoY-13.6%	44.0M YoY-6.4%	47.0M YoY-7.8%	51.0M YoY-8.9%	56.0M YoY+40.0%
Share-based compensation	61.0M YoY+3.4%	59.0M YoY+63.9%	36.0M YoY-52.0%	75.0M YoY+74.4%	43.0M YoY+34.4%
Deferred income taxes	49.0M YoY+388.2%	-17.0M YoY-138.6%	44.0M YoY-51.6%	91.0M	0.00 YoY+100.0%
Other operating activities	-234M YoY-288.7%	124M YoY-41.5%	212M YoY+177.9%	-272M YoY-518.5%	65.0M YoY+111.9%
	-1.09B YoY-3.4%	-1.06B YoY+59.4%	-2.60B YoY-131.3%	8.33B YoY+281.1%	-4.60B YoY+7.4%
Capital expenditure	33.0M YoY-25.0%	44.0M YoY+18.9%	37.0M YoY+32.1%	28.0M YoY-24.3%	37.0M YoY-90.2%
Free cash flow	595M YoY-51.4%	1.22B YoY-3.0%	1.26B YoY-44.2%	2.26B YoY+228.9%	688M YoY+432.4%
Acquisitions	0.00	0.00	0.00	0.00	0.00 YoY+100.0%
Sales/maturities of investments	957M YoY+15.2%	831M YoY-2.9%	856M YoY-36.6%	1.35B YoY-51.2%	2.77B YoY-32.4%
Proceeds from sale of PP&E	3.00M YoY-62.5%	8.00M YoY+700.0%	1.00M YoY-94.4%	18.0M YoY-57.1%	42.0M YoY+250.0%
Other investing activities	-6.00M YoY+0.0%	-6.00M YoY+62.5%	-16.0M YoY+78.7%	-75.0M YoY-294.7%	-19.0M YoY-35.7%
	524M YoY+229.7%	-404M YoY-127.0%	1.49B YoY+113.7%	-10.9B YoY-370.6%	4.02B YoY-22.4%
Long-term debt issued	513M YoY+3106.3%	16.0M	0.00	0.00	0.00 YoY-100.0%
Long-term debt repaid	366M YoY+6000.0%	6.00M YoY-98.7%	450M	0.00 YoY-100.0%	108M YoY-67.0%
Net short-term debt	-146M YoY-117.2%	851M YoY+1879.1%	43.0M YoY-88.7%	382M YoY+609.3%	-75.0M YoY+95.1%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	918M YoY+46.6%	626M YoY+6160.0%	10.0M YoY-16.7%	12.0M YoY-97.1%	416M YoY+10300.0%
Dividends paid	314M YoY-5.4%	332M YoY-0.9%	335M YoY+3.4%	324M YoY-2.7%	333M YoY+50.0%
Net change in cash	58.0M YoY+129.9%	-194M YoY-203.2%	188M YoY+176.7%	-245M YoY-275.0%	140M YoY-63.3%
Interest paid	1.58B YoY-15.2%	1.87B YoY+30.9%	1.43B YoY+410.0%	280M YoY+64.7%	170M YoY-34.9%
Income taxes paid	60.0M YoY-39.4%	99.0M YoY-4.8%	104M YoY+420.0%	20.0M YoY-92.2%	258M YoY+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 YoY+9.9%	10.5B YoY+32.8%	7.91B YoY-39.8%	13.2B YoY+50.9%	8.71B YoY+22.9%
P/E	11.8× YoY-13.3%	13.6× YoY+67.8%	8.1× YoY-47.1%	15.3× YoY+75.1%	8.7× YoY+4.0%
P/S	3.4× YoY+2.5%	3.3× YoY+47.8%	2.2× YoY-47.9%	4.3× YoY+50.9%	2.8× YoY+26.3%
P/B	1.3× YoY+9.5%	1.2× YoY+28.0%	0.9× YoY-43.4%	1.6× YoY+54.9%	1.1× YoY+20.1%
P/FCF	19.4× YoY+126.1%	8.6× YoY+145.6%	3.5× YoY-81.7%	19.1× YoY+50.9%	12.7×
	8.5% YoY+15.3%	7.4% YoY-40.4%	12.4% YoY+89.0%	6.5% YoY-42.9%	11.5% YoY-3.8%
	5.2% YoY-55.8%	11.6% YoY-59.3%	28.6% YoY+446.7%	5.2% YoY-33.7%	7.9%
	2.5% YoY-15.7%	3.0% YoY-29.7%	4.2% YoY+73.0%	2.4% YoY-33.3%	3.7% YoY-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.