FIRST HORIZON CORP

For the period ended Mar 31, 2025. Filed May 7, 2025.

About this filing

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.

Mar 31, 2025 · Filed May 7, 2025

FHN$23.56+0.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income (unaudited)

PART I, ITEM 1. FINANCIAL STATEMENTS

Table of Contents

CONSOLIDATED STATEMENTS OF INCOME

	Three Months Ended March 31,
(Dollars in millions, except per share data; shares in thousands) (Unaudited)	2025	2024
Interest income
Interest and fees on loans and leases	$895	$952
Interest and fees on loans held for sale	9	9
Interest on investment securities	69	60
Interest on trading securities	20	20
Interest on other earning assets	21	32
Total interest income	1,014	1,073
Interest expense
Interest on deposits	329	398
Interest on trading liabilities	7	5
Interest on short-term borrowings	29	28
Interest on term borrowings	18	17
Total interest expense	383	448
Net interest income	631	625
Provision for credit losses	40	50
Net interest income after provision for credit losses	591	575
Noninterest income
Fixed income	49	52
Deposit transactions and cash management	40	44
Brokerage, management fees and commissions	26	24
Card and digital banking fees	18	19
Other service charges and fees	12	13
Trust services and investment management	12	11
Mortgage banking income	8	9
Other income	16	22
Total noninterest income	181	194
Noninterest expense
Personnel expense	279	301
Net occupancy expense	35	31
Computer software	32	30
Operations services	23	21
Legal and professional fees	14	14
Deposit insurance expense	13	24
Advertising and public relations	10	8
Amortization of intangible assets	10	11
Equipment expense	10	11
Contract employment and outsourcing	8	13
Communications and delivery	8	8
Other expense	45	43
Total noninterest expense	487	515
Income before income taxes	285	254
Income tax expense	63	57
Net income	$222	$197
Net income attributable to noncontrolling interest	4	5
Net income attributable to controlling interest	$218	$192
Preferred stock dividends	5	8
Net income available to common shareholders	$213	$184

8	1Q25 FORM 10-Q REPORT

PART I, ITEM 1. FINANCIAL STATEMENTS

Table of Contents

CONSOLIDATED STATEMENTS OF INCOME (continued)
Basic earnings per common share	$0.41	$0.33
Diluted earnings per common share	$0.41	$0.33
Weighted average common shares	517,116	554,977
Diluted average common shares	523,423	557,873

9	1Q25 FORM 10-Q REPORT

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.