FIRST HORIZON CORP
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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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, 2026 · Filed Nov 5, 2026
FHN$23.56+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (unaudited)
PART I, ITEM 1. FINANCIAL STATEMENTS
Table of Contents
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine months ended September 30, | ||
|---|---|---|
| (Dollars in millions) (Unaudited) | 2026 | 2025 |
| Operating Activities | ||
| Net income | $461 | $732 |
| Adjustments to reconcile net income to net cash from operating activities: | ||
| Provision for credit losses | 5 | 65 |
| Deferred income tax (benefit) expense | (24) | 56 |
| Depreciation and amortization of premises and equipment | 40 | 42 |
| Amortization of intangible assets | 25 | 29 |
| Net other amortization (accretion) | (4) | (24) |
| Net decrease (increase) in trading securities | 941 | (18) |
| Net decrease (increase) in derivatives | 12 | (4) |
| Stock-based compensation expense | 41 | 48 |
| Loss on pending sale of mortgage loans | 473 | — |
| Securities losses (gains), net | 2 | (1) |
| Loans held for sale: | ||
| Purchases and originations | (2,886) | (2,148) |
| Gross proceeds from settlements and sales | 1,955 | 1,524 |
| Gain (loss) due to fair value adjustments and other | 47 | 2 |
| Other operating activities, net | 398 | (71) |
| Total adjustments | 1,025 | (500) |
| Net cash provided by operating activities | 1,486 | 232 |
| Investing Activities | ||
| Proceeds from maturities of securities available for sale | 894 | 711 |
| Purchases of securities available for sale | (559) | (624) |
| Proceeds from prepayments of securities held to maturity | 47 | 43 |
| Purchases of premises and equipment | (56) | (26) |
| Net increase in loans and leases | (187) | (534) |
| Net (increase) decrease in interest-bearing deposits with banks | (673) | 310 |
| Other investing activities, net | 10 | 21 |
| Net cash used in investing activities | (524) | (99) |
| Financing Activities | ||
| Common stock: | ||
| Stock options exercised | 4 | 5 |
| Cash dividends paid | (241) | (238) |
| Repurchase of shares | (360) | (583) |
| Preferred stock: | ||
| Series B preferred stock redemption | — | (80) |
| Series C preferred stock redemption | (58) | — |
| Series H preferred stock issuance | 392 | — |
| Cash dividends paid - preferred stock - noncontrolling interest | (11) | (12) |
| Cash dividends paid - preferred stock | (14) | (21) |
| Net increase (decrease) in deposits | 221 | (57) |
| Net (decrease) increase in short-term borrowings | (450) | 871 |
| Proceeds from issuance of term borrowings | — | 504 |
| Repayment of term borrowing | — | (350) |
| Decreases in secured term borrowings | (3) | (23) |
| Net cash (used in) provided by financing activities | (520) | 16 |
| Net increase in cash and cash equivalents | 442 | 149 |
| Cash and cash equivalents at beginning of period | 1,595 | 1,537 |
| Cash and cash equivalents at end of period | $2,037 | $1,686 |
| Supplemental Disclosures | ||
| Total interest paid | $1,008 | $1,211 |
| Total taxes paid | 57 | 29 |
| Total taxes refunded | 3 | 2 |
| Transfer from loans to OREO | 6 | 5 |
| Transfer from loans HFS to trading securities | 916 | 671 |
| Transfer from loans to loans HFS | 4,467 | — |
| 10 | 3Q26 FORM 10-Q REPORT |
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