FIRST HORIZON CORP FHN
First Horizon Corporation is a Tennessee corporation. We incorporated in 1968, and are headquartered in Memphis, Tennessee. We are registered as a bank holding company and have elected to be treated as a financial holding company. Our common stock is listed on the New York Stock Exchange under the symbol "FHN." At December 31, 2025, we had total consolidated assets of $84 billion.
We provide commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services principally through our wholly-owned subsidiary, First Horizon Bank. Founded in 1864 as First National Bank of Memphis, the Bank is a Tennessee banking corporation headquartered in Memphis, Tennessee. At December 31, 2025, the Bank had $84 billion in total assets, $68 billion in total deposits, and $64 billion in total loans (including
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.42B | $3.19B | $3.47B | $3.21B | — | — | $1.82B | $1.94B | $1.33B | $1.27B |
| Interest expense | $2.62B | $2.51B | $2.54B | $2.39B | $164.0M | $236.0M | $414.0M | $326.0M | $147.6M | $88.8M |
| Pre-tax income | $1.28B | $1.00B | $1.13B | $1.16B | $1.28B | $933.0M | $586.0M | $714.0M | $308.9M | $345.3M |
| Income tax | $282.0M | $211.0M | $212.0M | $247.0M | $274.0M | $76.0M | $134.0M | $157.0M | $131.9M | $106.8M |
| Net income | $982.0M | $775.0M | $897.0M | $900.0M | $999.0M | $845.0M | $441.0M | $545.0M | $165.5M | $227.0M |
| EPS, basic | 1.89 | 1.37 | 1.58 | 1.62 | 1.76 | 1.90 | 1.39 | 1.66 | 0.66 | 0.95 |
| EPS, diluted | 1.87 | 1.36 | 1.54 | 1.53 | 1.74 | 1.89 | 1.38 | 1.65 | 0.65 | 0.94 |
| Shares, diluted (wtd. avg.) | $511.1M | $544.3M | $561.7M | $566.0M | $551.2M | $433.7M | $315.7M | $327.4M | $244.5M | $235.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.59B | $1.54B | $1.73B | $1.54B | $1.79B | $1.65B | $1.27B | $1.41B | $1.45B | $1.04B |
| Property, plant and equipment | $544.0M | $574.0M | $590.0M | $612.0M | $665.0M | $759.0M | $455.0M | $494.0M | $532.3M | $289.4M |
| Goodwill | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | $1.43B | $1.43B | $1.39B | $191.4M |
| Other intangibles | $105.0M | $143.0M | $186.0M | $234.0M | $298.0M | $354.0M | $131.0M | $155.0M | $184.4M | $21.0M |
| Total assets | $83.88B | $82.15B | $81.66B | $78.95B | $89.09B | $84.21B | $43.31B | $40.83B | $41.42B | $28.56B |
| Short-term debt | $3.25B | $3.40B | $2.55B | $2.51B | $2.12B | $2.20B | $3.52B | — | — | — |
| Total liabilities | $74.73B | $73.04B | $72.37B | $70.41B | $80.60B | $75.90B | $38.23B | $36.05B | $36.84B | $25.85B |
| Retained earnings | $5.03B | $4.38B | $3.96B | $3.43B | $2.89B | $2.26B | $1.80B | $1.54B | $1.16B | $1.03B |
| Total equity | $8.85B | $8.82B | $9.29B | $8.55B | $8.49B | $8.31B | $5.08B | $4.79B | $4.58B | $2.71B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $628.0M | $1.27B | $1.30B | $2.29B | $725.0M | $172.0M | $830.0M | $234.0M | -$28.8M | $180.0M |
| Depreciation and amortisation | $64.0M | $101.0M | $102.0M | $85.0M | $45.0M | $46.0M | $65.0M | $59.0M | $70.9M | $64.7M |
| Stock-based compensation | $61.0M | $59.0M | $36.0M | $75.0M | $43.0M | $32.0M | $22.0M | $23.0M | $20.6M | $17.5M |
| Capital expenditure | $33.0M | $44.0M | $37.0M | $28.0M | $37.0M | $379.0M | $49.0M | $38.0M | $287.6M | $62.6M |
| Investing cash flow | -$1.09B | -$1.06B | -$2.60B | $8.33B | -$4.60B | -$4.97B | -$2.39B | $480.0M | -$1.32B | -$2.47B |
| Financing cash flow | $524.0M | -$404.0M | $1.49B | -$10.87B | $4.02B | $5.18B | $1.42B | -$761.0M | $1.77B | $2.29B |
| Dividends paid | $314.0M | $332.0M | $335.0M | $324.0M | $333.0M | $222.0M | $171.0M | $139.0M | $79.9M | $63.5M |
| Buybacks | $918.0M | $626.0M | $10.0M | $12.0M | $416.0M | $4.0M | $134.0M | $105.0M | $5.6M | $97.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000036966-26-000051.
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