FIRST HORIZON CORP

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

About 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.

FY2025 · Filed Feb 26, 2026

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

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Contents

Item 8. Consolidated Statements of Cash Flows

ITEM 8. FINANCIAL STATEMENTS & SUPPLEMENTARY DATA
Table of Contents	CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
(Dollars in millions)	2025	2024	2023
Operating Activities
Net income	$998	$794	$916
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	65	150	260
Deferred income tax expense (benefit)	49	(17)	44
Depreciation and amortization of premises and equipment	56	55	55
Amortization of intangible assets	38	44	47
Net other amortization (accretion)	(30)	2	—
Net decrease in trading securities (a)	530	1,011	1,163
Net (increase) decrease in derivatives	5	(2)	(314)
Stock-based compensation expense	61	59	36
Securities (gains) losses, net	(1)	89	4
Loans held for sale:
Purchases and originations	(3,077)	(2,758)	(2,295)
Gross proceeds from settlements and sales	2,187	1,792	1,183
Gain due to fair value adjustments and other	(19)	(75)	(12)
Other operating activities, net	(234)	124	212
Total adjustments	(370)	474	383
Net cash provided by operating activities	628	1,268	1,299
Investing Activities
Proceeds from sales of securities available for sale	—	1,155	—
Proceeds from payments on securities available for sale	957	831	856
Purchases of securities available for sale	(874)	(1,538)	(261)
Proceeds from payments on securities held to maturity	57	57	53
Proceeds from sales of premises and equipment	3	8	1
Purchases of premises and equipment	(33)	(44)	(37)
Proceeds from BOLI	24	13	14
Net increase in loans and leases	(1,647)	(1,337)	(3,303)
Net decrease (increase) in interest-bearing deposits with banks	413	(209)	56
Other investing activities, net	6	6	16
Net cash used in investing activities	(1,094)	(1,058)	(2,605)
Financing Activities
Common stock:
Stock options exercised	6	9	5
Cash dividends paid	(314)	(332)	(335)
Repurchase of shares	(918)	(626)	(10)
Preferred stock:
Preferred stock redemption	(80)	(100)	—
Cash dividends paid - preferred stock - noncontrolling interest	(16)	(19)	(17)
Cash dividends paid - preferred stock	(26)	(29)	(32)
Net increase (decrease) in deposits	1,894	(201)	2,289
Net (decrease) increase in short-term borrowings	(146)	851	43
Proceeds from issuance of term borrowings	513	16	—
Repayment of term borrowings	(366)	(6)	(450)
(Decreases) increases in secured borrowings	(23)	33	1
Net cash provided by (used in) financing activities	524	(404)	1,494

ITEM 8. FINANCIAL STATEMENTS & SUPPLEMENTARY DATA
Table of Contents	CONSOLIDATED STATEMENTS OF CASH FLOWS

Supplemental Disclosures
Net increase (decrease) in cash and cash equivalents	58	(194)	188
Cash and cash equivalents at beginning of period	1,537	1,731	1,543
Cash and cash equivalents at end of period	$1,595	$1,537	$1,731
Total interest paid	$1,584	$1,869	$1,428
Total taxes paid	62	106	123
Total taxes refunded	2	7	19
Transfer from loans to OREO	5	3	4
Transfer from loans HFS to trading securities	1,053	992	1,212
Transfer from loans HFS to loans	1	—	—
Preferred stock conversion to common stock	—	—	493

(a) Includes transfers from loans HFS to trading securities.

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