FIRST HORIZON CORP
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Equity
| ITEM 8. FINANCIAL STATEMENTS & SUPPLEMENTARY DATA | |
|---|---|
| Table of Contents | CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY |
Consolidated Statements of Changes in Equity
| Preferred Stock · Common Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| (Dollars in millions, except per share data; shares in thousands) | Shares | Amount | Shares | Amount | CapitalSurplus | Retained Earnings | AccumulatedOtherComprehensiveIncome (Loss) (a) | Noncontrolling Interest | Total |
| Balance, December 31, 2021 | 26,750 | $520 | 533,577 | $333 | $4,743 | $2,891 | $(288) | $295 | $8,494 |
| Net income | — | — | — | — | — | 900 | — | 12 | 912 |
| Other comprehensive income (loss) | — | — | — | — | — | — | (1,080) | — | (1,080) |
| Cash dividends declared: | |||||||||
| Preferred stock | — | — | — | — | — | (32) | — | — | (32) |
| Common stock ($0.60 per share) | — | — | — | — | — | (329) | — | — | (329) |
| Preferred stock issuance (4,936 shares issued at $100,000 per share) | 4,936 | 494 | — | — | — | — | — | — | 494 |
| Common stock repurchased | — | — | (577) | — | (12) | — | — | — | (12) |
| Common stock issued for: | |||||||||
| Stock options exercised and restricted stock awards | — | — | 4,101 | 3 | 34 | — | — | — | 37 |
| Stock-based compensation expense | — | — | — | — | 75 | — | — | — | 75 |
| Dividends declared - noncontrolling interest of subsidiary preferred stock | — | — | — | — | — | — | — | (12) | (12) |
| Balance, December 31, 2022 | 31,686 | 1,014 | 537,101 | 336 | 4,840 | 3,430 | (1,368) | 295 | 8,547 |
| Adjustment to reflect adoption of ASU 2022-02 | — | — | — | — | — | 4 | — | — | 4 |
| Net income | — | — | — | — | — | 897 | — | 19 | 916 |
| Other comprehensive income (loss) | — | — | — | — | — | — | 180 | — | 180 |
| Cash dividends declared: | |||||||||
| Preferred stock | — | — | — | — | — | (32) | — | — | (32) |
| Common stock ($0.60 per share) | — | — | — | — | — | (335) | — | — | (335) |
| Preferred stock conversion | (4,936) | (494) | — | — | — | — | — | — | (494) |
| Common stock repurchased | — | — | (807) | (1) | (9) | — | — | — | (10) |
| Common stock issued for: | |||||||||
| Stock options exercised and restricted stock awards | — | — | 2,802 | — | 5 | — | — | — | 5 |
| Series G preferred stock conversion | — | — | 19,743 | 12 | 481 | — | — | — | 493 |
| Stock-based compensation expense | — | — | — | 2 | 34 | — | — | — | 36 |
| Dividends declared - noncontrolling interest of subsidiary preferred stock | — | — | — | — | — | — | — | (19) | (19) |
| Balance, December 31, 2023 | 26,750 | 520 | 558,839 | 349 | 5,351 | 3,964 | (1,188) | 295 | 9,291 |
| Adjustment to reflect adoption of ASU 2023-02 | — | — | — | — | — | 8 | — | — | 8 |
| Net income | — | — | — | — | — | 775 | — | 19 | 794 |
| Other comprehensive income (loss) | — | — | — | — | — | — | 60 | — | 60 |
| Cash dividends declared: | |||||||||
| Preferred stock | — | — | — | — | — | (29) | — | — | (29) |
| Common stock ($0.60 per share) | — | — | — | — | — | (329) | — | — | (329) |
| Series D preferred stock redemption | (10,000) | (94) | — | — | — | (6) | — | — | (100) |
| Excise tax on preferred stock redemption | — | — | — | — | — | (1) | — | — | (1) |
| Common stock repurchased (b) | — | — | (39,203) | (25) | (601) | — | — | — | (626) |
| Excise tax on common stock repurchased | — | — | — | — | (6) | — | — | — | (6) |
| Common stock issued for: | |||||||||
| Stock options exercised and restricted stock awards | — | — | 4,644 | 1 | 8 | — | — | — | 9 |
| Stock-based compensation expense | — | — | — | 3 | 56 | — | — | — | 59 |
| Dividends declared - noncontrolling interest of subsidiary preferred stock | — | — | — | — | — | — | — | (19) | (19) |
| Balance, December 31, 2024 | 16,750 | $426 | 524,280 | $328 | $4,808 | $4,382 | $(1,128) | $295 | $9,111 |
(a)Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of other comprehensive income (loss) have been attributed solely to FHN as the controlling interest holder.
(b)2024 includes $604 million repurchased under FHN's general purchase programs.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.