FIRST HORIZON CORP
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
View on SEC.govAbout this filing
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.
See the whole filing, with its images and exhibitsContents
Glossary
TABLE OF CONTENTS and GLOSSARY
Glossary
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 |
| ATM | Automated teller machine |
| Bank | First Horizon Bank |
| BHCA | Bank Holding Company Act of 1956 |
| BOLI | Bank-owned life insurance |
| C&I | Commercial, financial, and industrial loan portfolio |
| CAS | Credit Assurance Services |
| CBF | Capital Bank Financial |
| CCAR | Comprehensive Capital Analysis and Review |
| CECL | Current expected credit loss |
| CEO | Chief Executive Officer |
| CFPB | Consumer Financial Protection Bureau |
| CIO | Chief Information Officer |
| CME | Chicago Mercantile Exchange |
| CMO | Collateralized mortgage obligations |
| CODM | Chief Operating Decision-Maker |
| Company | First Horizon Corporation |
| Corporation | First Horizon Corporation |
| CRA | Community Reinvestment Act |
| CRE | Commercial Real Estate |
| CRMC | Credit Risk Management Committee |
| CSIRP | Computer Security Incident Response Plan |
| DIF | Deposit Insurance Fund |
| DTA | Deferred tax asset |
| DTL | Deferred tax liability |
| EAD | Exposure at default |
| ECP | Equity Compensation Plan |
| 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 |
| FTP | Funds transfer pricing |
| FTRESC | FT Real Estate Securities Company, Inc. |
| GAAP | Generally accepted accounting principles (U.S.) |
| GHG | Greenhouse Gas |
| GNMA | Government National Mortgage Association or Ginnie Mae |
| GSE | Government sponsored enterprises, in this filing references Fannie Mae and Freddie Mac |
| HELOC | Home equity line of credit |
| HFS | Held for sale |
| HR | Human Resources |
| 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 |
| LCR | Liquidity coverage ratio |
| 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 |
| LMI | Low- and moderate-income |
| LOCOM | Lower of cost or market |
| 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 |
TABLE OF CONTENTS and GLOSSARY
| NIM | Net interest margin |
|---|---|
| NM | Not meaningful |
| NMTC | New Market Tax Credit |
| NOL | Net operating loss |
| NPA | Nonperforming asset |
| NPL | Nonperforming loan |
| NYSE | New York Stock Exchange |
| OCI | Other comprehensive income |
| OREO | Other Real Estate Owned |
| PAM | Proportional amortization method |
| PCA | Prompt corrective action |
| PCAOB | Public Company Accounting Oversight Board |
| PCD | Purchased credit deteriorated financial assets |
| PCI-DSS | Payment Card Industry Data Security Standard |
| PD | Probability of default |
| PM | Portfolio managers |
| PPNR | Pre-provision net revenue |
| PPP | Paycheck Protection Program |
| PSU | Performance Stock Unit |
| PTNI | Pre-tax net income |
| RE | Real estate |
| RM | Relationship managers |
| ROU | Right-of-use |
| SAD | Special Assets Department |
| SBA | Small Business Administration |
| SEC | Securities and Exchange Commission |
| SOFR | Secure Overnight Funding Rate |
| SOX | Sarbanes-Oxley Act of 2002 |
| 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 acquisition of FHN by TD contemplated by the TD Merger Agreement |
| TDFI | Tennessee Department of Financial Institutions |
| TDR | Troubled Debt Restructuring |
| TPRM | Third-Party Risk Management |
| 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 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.