FIRST HORIZON CORP
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
FHN$23.56+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Glossary of Acronyms and Terms
GLOSSARY OF ACRONYMS & TERMS
Table of Contents
Glossary of Acronyms and Terms
The following is a list of common acronyms and terms used throughout this report:
| ACL | Allowance for credit losses |
|---|---|
| AFS | Available for sale |
| AIR | Accrued interest receivable |
| ALCO | Asset/Liability Committee |
| ALLL | Allowance for loan and lease losses |
| ALM | Asset/liability management |
| AOCI | Accumulated other comprehensive income |
| ASC | FASB Accounting Standards Codification |
| Associate | Person employed by FHN |
| ASU | Accounting Standards Update |
| Bank | First Horizon Bank |
| BOLI | Bank-owned life insurance |
| C&I | Commercial, financial, and industrial loan portfolio |
| CECL | Current expected credit loss |
| CEO | Chief Executive Officer |
| CMO | Collateralized mortgage obligations |
| CODM | Chief Operating Decision-Maker |
| Company | First Horizon Corporation |
| Corporation | First Horizon Corporation |
| CRE | Commercial Real Estate |
| CRMC | Credit Risk Management Committee |
| DTA | Deferred tax asset |
| DTL | Deferred tax liability |
| EAD | Exposure as default |
| EPS | Earnings per share |
| Fannie Mae | Federal National Mortgage Association |
| FASB | Financial Accounting Standards Board |
| FDIC | Federal Deposit Insurance Corporation |
| Federal Reserve | Federal Reserve Board |
| Fed | Federal Reserve Board |
| FHA | Federal Housing Administration |
| FHLB | Federal Home Loan Bank |
| FHN | First Horizon Corporation |
| FHNF | FHN Financial; FHN's fixed income division |
| FICO | Fair Isaac Corporation |
| First Horizon | First Horizon Corporation |
| FRB | Federal Reserve Bank or the Federal Reserve Board |
| Freddie Mac | Federal Home Loan Mortgage Corporation |
| FTE | Fully taxable equivalent |
| GAAP | Generally accepted accounting principles (U.S.) |
|---|---|
| GHG | Greenhouse Gas |
| GNMA | Government National Mortgage Association or Ginnie Mae |
| GSE | Government sponsored enterprises, in this report references Fannie Mae and Freddie Mac |
| HELOC | Home equity line of credit |
| HFS | Held for Sale |
| HTC | Historic tax credit |
| HTM | Held to maturity |
| IBKC | IBERIABANK Corporation |
| IBKC merger | FHN's merger of equals with IBKC that closed July 2020 |
| ISDA | International Swap and Derivatives Association |
| IRS | Internal Revenue Service |
| LGD | Loss given default |
| LIBOR | London Inter-Bank Offered Rate |
| LIHTC | Low Income Housing Tax Credit |
| LLC | Limited Liability Company |
| LMC | Loans to mortgage companies |
| LOCOM | Lower of cost or market |
| LRRD | Loan Rehab and Recovery Department |
| LTV | Loan-to-value |
| MBS | Mortgage-backed securities |
| MD&A | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
| NAICS | North American Industry Classification System |
| NII | Net interest income |
| NM | Not meaningful |
| NMTC | New Market Tax Credit |
| NPA | Nonperforming asset |
| Non-PCD | Non-Purchased Credit Deteriorated Financial Assets |
| NPL | Nonperforming loan |
| OREO | Other Real Estate Owned |
| PAM | Proportional amortization method |
| PCAOB | Public Company Accounting Oversight Board |
| PCD | Purchased credit deteriorated financial assets |
| PCI | Purchased credit impaired |
| PD | Probability of default |
| PM | Portfolio managers |
| 1 | 3Q24 FORM 10-Q REPORT |
GLOSSARY OF ACRONYMS & TERMS
Table of Contents
| PPP | Paycheck Protection Program |
|---|---|
| PSU | Performance Stock Unit |
| RE | Real estate |
| RM | Relationship managers |
| ROA | Return on assets |
| RPL | Reasonably possible loss |
| SBA | Small Business Administration |
| SEC | Securities and Exchange Commission |
| SOFR | Secure Overnight Funding Rate |
| SVaR | Stressed Value-at-Risk |
| TD | The Toronto-Dominion Bank |
| TD Merger Agreement | Merger agreement between FHN, TD, and certain TD subsidiaries, which the parties mutually terminated on May 4, 2023 |
| TD Transaction | The merger transactions contemplated by the TD Merger Agreement |
| TDR | Troubled Debt Restructuring |
| TRUP | Trust preferred loan |
| UPB | Unpaid principal balance |
| USDA | United States Department of Agriculture |
| VaR | Value-at-Risk |
| VIE | Variable Interest Entities |
| we / us / our | First Horizon Corporation |
| 2 | 3Q24 FORM 10-Q REPORT |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.