FIRST HORIZON CORP
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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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.
FY2024 · Filed Feb 27, 2025
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) | 2024 | 2023 |
| Assets | ||
| Cash and due from banks | $906 | $1,012 |
| Interest-bearing deposits with banks | 1,538 | 1,328 |
| Federal funds sold and securities purchased under agreements to resell | 631 | 719 |
| Trading securities | 1,387 | 1,412 |
| Securities available for sale at fair value | 7,896 | 8,391 |
| Securities held to maturity (fair value of $1,083 and $1,161, respectively) | 1,270 | 1,323 |
| Loans held for sale (including $85 and $68 at fair value, respectively) | 551 | 502 |
| Loans and leases | 62,565 | 61,292 |
| Allowance for loan and lease losses | (815) | (773) |
| Net loans and leases | 61,750 | 60,519 |
| Premises and equipment | 574 | 590 |
| Goodwill | 1,510 | 1,510 |
| Other intangible assets | 143 | 186 |
| Other assets | 3,996 | 4,169 |
| Total assets | $82,152 | $81,661 |
| Liabilities | ||
| Noninterest-bearing deposits | $16,021 | $17,204 |
| Interest-bearing deposits | 49,560 | 48,576 |
| Total deposits | 65,581 | 65,780 |
| Trading liabilities | 550 | 509 |
| Short-term borrowings | 3,400 | 2,549 |
| Term borrowings | 1,195 | 1,150 |
| Other liabilities | 2,315 | 2,382 |
| Total liabilities | 73,041 | 72,370 |
| Equity | ||
| Preferred stock, Non-cumulative perpetual, no par value; authorized 5,000,000 shares; issued 16,750 and 26,750 shares, respectively | 426 | 520 |
| Common stock, $0.625 par value; authorized 700,000,000 shares; issued 524,280,412 and 558,838,694 shares, respectively | 328 | 349 |
| Capital surplus | 4,808 | 5,351 |
| Retained earnings | 4,382 | 3,964 |
| Accumulated other comprehensive loss, net | (1,128) | (1,188) |
| FHN shareholders' equity | 8,816 | 8,996 |
| Noncontrolling interest | 295 | 295 |
| Total equity | 9,111 | 9,291 |
| Total liabilities and equity | $82,152 | $81,661 |
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