FIRST HORIZON CORP

For the period ended Sep 30, 2025. Filed Nov 6, 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.

Sep 30, 2025 · Filed Nov 6, 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 September 30,		Nine Months Ended September 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	$955	$996	$2,770	$2,923
Interest and fees on loans held for sale	8	10	26	27
Interest on investment securities	71	60	211	179
Interest on trading securities	23	22	66	64
Interest on other earning assets	20	31	62	91
Total interest income	1,077	1,119	3,135	3,284
Interest expense
Interest on deposits	351	434	1,017	1,231
Interest on trading liabilities	5	6	19	18
Interest on short-term borrowings	28	35	94	104
Interest on term borrowings	19	17	59	50
Total interest expense	403	492	1,189	1,403
Net interest income	674	627	1,946	1,881
Provision for credit losses	(5)	35	65	140
Net interest income after provision for credit losses	679	592	1,881	1,741
Noninterest income
Fixed income	57	47	149	138
Deposit transactions and cash management	43	45	125	134
Brokerage, management fees and commissions	26	27	77	76
Card and digital banking fees	19	19	55	58
Other service charges and fees	14	13	40	40
Trust services and investment management	13	12	38	36
Mortgage banking income	15	9	33	28
Securities gains (losses), net	—	1	1	2
Other income	28	27	67	69
Total noninterest income	215	200	585	581
Noninterest expense
Personnel expense	296	282	856	862
Net occupancy expense	36	33	105	95
Computer software	34	30	100	89
Operations services	24	25	71	69
Legal and professional fees	24	15	54	47
Deposit insurance expense	11	11	36	51
Advertising and public relations	12	14	36	37
Equipment expense	10	10	32	32
Amortization of intangible assets	9	11	29	33
Contract employment and outsourcing	11	12	27	40
Communications and delivery	8	8	25	24
Contributions	23	4	25	6
Other expense	52	56	133	142
Total noninterest expense	550	511	1,529	1,527
Income before income taxes	344	281	937	795
Income tax expense	78	58	205	171
Net income	$266	$223	$732	$624
Net income attributable to noncontrolling interest	4	5	12	15
Net income attributable to controlling interest	$262	$218	$720	$609
Preferred stock dividends	8	5	21	28
Net income available to common shareholders	$254	$213	$699	$581

8	3Q25 FORM 10-Q REPORT

PART I, ITEM 1. FINANCIAL STATEMENTS

Table of Contents

CONSOLIDATED STATEMENTS OF INCOME (continued)
Basic earnings per common share	$0.50	$0.40	$1.37	$1.07
Diluted earnings per common share	$0.50	$0.40	$1.36	$1.06
Weighted average common shares	504,863	534,222	509,990	544,356
Diluted average common shares	510,351	537,971	515,919	547,629

9	3Q25 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.