FIRST HORIZON CORP
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 23, 2024
FHN$23.53+2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| ITEM 8. FINANCIAL STATEMENTS & SUPPLEMENTARY DATA | |
|---|---|
| Table of Contents | CONSOLIDATED BALANCE SHEETS |
| December 31, | ||
|---|---|---|
| (Dollars in millions, except per share amounts) | 2023 | 2022 |
| Assets | ||
| Cash and due from banks | $1,012 | $1,061 |
| Interest-bearing deposits with banks | 1,328 | 1,384 |
| Federal funds sold and securities purchased under agreements to resell | 719 | 482 |
| Trading securities | 1,412 | 1,375 |
| Securities available for sale at fair value | 8,391 | 8,836 |
| Securities held to maturity (fair value of $1,161 and $1,209, respectively) | 1,323 | 1,371 |
| Loans held for sale (including $68 and $51 at fair value, respectively) | 502 | 590 |
| Loans and leases | 61,292 | 58,102 |
| Allowance for loan and lease losses | (773) | (685) |
| Net loans and leases | 60,519 | 57,417 |
| Premises and equipment | 590 | 612 |
| Goodwill | 1,510 | 1,511 |
| Other intangible assets | 186 | 234 |
| Other assets | 4,169 | 4,080 |
| Total assets | $81,661 | $78,953 |
| Liabilities | ||
| Noninterest-bearing deposits | $17,204 | $23,466 |
| Interest-bearing deposits | 48,576 | 40,023 |
| Total deposits | 65,780 | 63,489 |
| Trading liabilities | 509 | 335 |
| Short-term borrowings | 2,549 | 2,506 |
| Term borrowings | 1,150 | 1,597 |
| Other liabilities | 2,382 | 2,479 |
| Total liabilities | 72,370 | 70,406 |
| Equity | ||
| Preferred stock, Non-cumulative perpetual, no par value; authorized 5,000,000 shares; issued 26,750 and 31,686 shares, respectively | 520 | 1,014 |
| Common stock, $0.625 par value; authorized 700,000,000 shares; issued 558,838,694 and 537,100,615 shares, respectively | 349 | 336 |
| Capital surplus | 5,351 | 4,840 |
| Retained earnings | 3,964 | 3,430 |
| Accumulated other comprehensive loss, net | (1,188) | (1,368) |
| FHN shareholders' equity | 8,996 | 8,252 |
| Noncontrolling interest | 295 | 295 |
| Total equity | 9,291 | 8,547 |
| Total liabilities and equity | $81,661 | $78,953 |
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