FIRST HORIZON CORP

PROXY SUMMARY

common stock from $0.15 per share to $0.17 per share, beginning in April 2026.

•Our one-year total shareholder return (TSR) was 22.12% as of December 31, 2025, and our five-year TSR exceeded that of the S&P 500, the KBW Nasdaq Regional Banking Index (KRX) and the KBW Nasdaq Bank Index (BKX).

In 2025 we we delivered a strategic framework to our entire associate base that aligns our company on how we measure success, our key differentiators and how we go to market. Our executive team led our progress on several strategic initiatives for the year, including the following:

•We thoughtfully developed new methods, processes, and systems while preserving the high level of service our associates bring to clients, striving to live up to the promise of our marketing slogan: Big Bank Muscle, Small Bank Hustle.

•We continued advancing our multi-year plan to transform our digital systems by building an enterprise data hub, improving client experiences through enhanced technology, setting up a scalable future-state technology architecture,

and introducing new product and banking capabilities.

•We engaged in strategic hiring to add banker talent, enhance specific products and product groups, serve specific retail markets, and provide leadership of strategic development and execution for our consumer business.

•We continued to invest in our associates through an updated performance management process and new technology tools to enhance productivity and enable better client service.

As we celebrated our 161st year in business, we strove to live out our commitment to be Here for Good for all our stakeholders. As part of this commitment, our foundations distributed more than $21 million in 2025 to nonprofit organizations across our footprint. Holding ourselves to high standards of ethical conduct and operational excellence, we continue to focus on building a company that serves our associates, clients, communities, and shareholders well both now and into the future.