FIRST HORIZON CORP

For the period ended Jun 30, 2025. Filed Aug 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.

Jun 30, 2025 · Filed Aug 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 June 30,		Six Months Ended June 30,
(Dollars in millions, except per share data; shares in thousands) (Unaudited)	2025	2024	2025	2024
Interest income
Interest and fees on loans and leases	$921	$975	$1,816	$1,927
Interest and fees on loans held for sale	8	9	18	17
Interest on investment securities	71	59	139	119
Interest on trading securities	23	21	43	42
Interest on other earning assets	21	29	42	60
Total interest income	1,044	1,093	2,058	2,165
Interest expense
Interest on deposits	337	399	666	797
Interest on trading liabilities	6	7	14	12
Interest on short-term borrowings	38	41	66	70
Interest on term borrowings	22	17	40	33
Total interest expense	403	464	786	912
Net interest income	641	629	1,272	1,253
Provision for credit losses	30	55	70	105
Net interest income after provision for credit losses	611	574	1,202	1,148
Noninterest income
Fixed income	42	40	91	92
Deposit transactions and cash management	41	44	81	88
Brokerage, management fees and commissions	26	25	52	49
Card and digital banking fees	19	20	37	38
Other service charges and fees	14	14	26	27
Trust services and investment management	13	12	25	24
Mortgage banking income	10	10	18	19
Securities gains (losses), net	—	1	—	1
Other income	24	20	40	43
Total noninterest income	189	186	370	381
Noninterest expense
Personnel expense	282	279	561	580
Net occupancy expense	34	31	69	62
Computer software	34	29	66	59
Operations services	23	23	46	45
Legal and professional fees	17	18	31	33
Deposit insurance expense	12	16	25	40
Advertising and public relations	14	14	24	22
Equipment expense	11	11	22	22
Amortization of intangible assets	10	11	20	22
Contract employment and outsourcing	8	14	16	28
Communications and delivery	8	8	16	16
Other expense	38	46	82	86
Total noninterest expense	491	500	978	1,015
Income before income taxes	309	260	594	514
Income tax expense	64	56	127	113
Net income	$245	$204	$467	$401
Net income attributable to noncontrolling interest	4	5	8	10
Net income attributable to controlling interest	$241	$199	$459	$391
Preferred stock dividends	8	15	13	23
Net income available to common shareholders	$233	$184	$446	$368

8	2Q25 FORM 10-Q REPORT

PART I, ITEM 1. FINANCIAL STATEMENTS

Table of Contents

CONSOLIDATED STATEMENTS OF INCOME (continued)
Basic earnings per common share	$0.46	$0.34	$0.87	$0.67
Diluted earnings per common share	$0.45	$0.34	$0.86	$0.67
Weighted average common shares	508,125	543,981	512,596	549,479
Diluted average common shares	513,606	547,093	518,701	552,539

9	2Q25 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.