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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income (Loss) (unaudited)
PART I, ITEM 1. FINANCIAL STATEMENTS
Table of Contents
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (Dollars in millions, except per share data; shares in thousands) (Unaudited) | 2026 | 2025 | 2026 | 2025 |
| Interest income | ||||
| Interest and fees on loans and leases | $929 | $955 | $2,726 | $2,770 |
| Interest and fees on loans held for sale | 7 | 8 | 22 | 26 |
| Interest on investment securities | 69 | 71 | 209 | 211 |
| Interest on trading securities | 23 | 23 | 69 | 66 |
| Interest on other earning assets | 26 | 20 | 62 | 62 |
| Total interest income | 1,054 | 1,077 | 3,088 | 3,135 |
| Interest expense | ||||
| Interest on deposits | 325 | 351 | 905 | 1,017 |
| Interest on trading liabilities | 7 | 5 | 21 | 19 |
| Interest on short-term borrowings | 20 | 28 | 80 | 94 |
| Interest on term borrowings | 19 | 19 | 56 | 59 |
| Total interest expense | 371 | 403 | 1,062 | 1,189 |
| Net interest income | 683 | 674 | 2,026 | 1,946 |
| Provision (benefit) for credit losses | (25) | (5) | 5 | 65 |
| Net interest income after provision (benefit) for credit losses | 708 | 679 | 2,021 | 1,881 |
| Noninterest income | ||||
| Fixed income | 49 | 57 | 148 | 149 |
| Deposit transactions and cash management | 45 | 43 | 131 | 125 |
| Brokerage, management fees and commissions | 32 | 26 | 93 | 77 |
| Card and digital banking fees | 19 | 19 | 55 | 55 |
| Other service charges and fees | 14 | 14 | 45 | 40 |
| Trust services and investment management | 13 | 13 | 40 | 38 |
| Mortgage banking income | 8 | 15 | 26 | 33 |
| Loss on pending sale of mortgage loans | (473) | — | (473) | — |
| Securities gains (losses), net | (1) | — | (2) | 1 |
| Other income | 18 | 28 | 66 | 67 |
| Total noninterest income | (276) | 215 | 129 | 585 |
| Noninterest expense | ||||
| Personnel expense | 295 | 296 | 888 | 856 |
| Computer software | 42 | 34 | 120 | 100 |
| Net occupancy expense | 37 | 36 | 108 | 105 |
| Operations services | 27 | 24 | 79 | 71 |
| Legal and professional fees | 16 | 24 | 50 | 54 |
| Advertising and public relations | 16 | 12 | 43 | 36 |
| Deposit insurance expense | 12 | 11 | 37 | 36 |
| Equipment expense | 10 | 10 | 32 | 32 |
| Amortization of intangible assets | 8 | 9 | 25 | 29 |
| Other expense | 66 | 94 | 182 | 210 |
| Total noninterest expense | 529 | 550 | 1,564 | 1,529 |
| Income (loss) before income taxes | (97) | 344 | 586 | 937 |
| Income tax expense (benefit) | (18) | 78 | 125 | 205 |
| Net income (loss) | $(79) | $266 | $461 | $732 |
| Net income attributable to noncontrolling interest | 4 | 4 | 11 | 12 |
| Net income (loss) attributable to controlling interest | $(83) | $262 | $450 | $720 |
| Preferred stock dividends | 11 | 8 | 26 | 21 |
| Net income (loss) available to common shareholders | $(94) | $254 | $424 | $699 |
| Basic earnings (loss) per common share | $(0.20) | $0.50 | $0.89 | $1.37 |
| Diluted earnings (loss) per common share | $(0.20) | $0.50 | $0.88 | $1.36 |
| Weighted average common shares | 473,835 | 504,863 | 476,304 | 509,990 |
| Diluted average common shares | 473,835 | 510,351 | 481,751 | 515,919 |
| 6 | 3Q26 FORM 10-Q REPORT |
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