First Horizon Corporation (FHN) Financial Statements

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First Horizon financial statements at a glance

First Horizon reported revenue of $3.32 billion for fiscal year 2025 (ended December 31, 2025), up 7.3% from fiscal year 2024. Net income was $956.00 million, a net margin of 28.8%.

At the end of fiscal year 2025 it had total assets of $83.88 billion, total liabilities of $74.73 billion and shareholders' equity of $8.85 billion, with cash of $2.09 billion and total debt of $1.52 billion.

Its operations brought in $628.00 million of cash; capital spending was $33.00 million, leaving free cash flow of $595.00 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

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First Horizon Corporation

FHNUnited States
Financial Services
USD (Local)

Income Statement

Annual • USD

Total Revenue
3.32B
Prev Year: 3.10B
YoY: +7.3%
Net Interest Income
2.62B
Prev Year: 2.51B
YoY: +4.4%
Interest Income
4.19B
Prev Year: 4.35B
YoY: -3.8%
Interest Expense
1.56B
Prev Year: 1.84B
YoY: -15.0%
Occupancy And Equipment
277.00M
Prev Year: 293.00M
YoY: -5.5%
Professional and Contract Services Expense
86.00M
Prev Year: 64.00M
YoY: +34.4%
Other Noninterest Expense
284.00M
Prev Year: 240.00M
YoY: +18.3%
Pre-tax Income
1.28B
Prev Year: 1.00B
YoY: +27.4%
Non Interest Expense
-
Prev Year: 1.94B
Provision for Income Taxes
282.00M
Prev Year: 211.00M
YoY: +33.6%
Net Income Common Stockholders
956.00M
Prev Year: 738.00M
YoY: +29.5%
Net Income
982.00M
Prev Year: 775.00M
YoY: +26.7%
Net Income Including Non-Controlling Interests
998.00M
Prev Year: 794.00M
YoY: +25.7%
Net Income from Continuing Operations
998.00M
Prev Year: 794.00M
YoY: +25.7%
Noncontrolling Interests
-16.00M
Prev Year: -19.00M
YoY: +15.8%
Diluted NI Available to Com Stockholders
956.00M
Prev Year: 738.00M
YoY: +29.5%
Net Income from Continuing and Discontinued Operation
982.00M
Prev Year: 775.00M
YoY: +26.7%
Normalized Income
982.00M
Prev Year: 775.00M
YoY: +26.7%
Interest Income After Provision for Loan Loss
-
Prev Year: 2.36B
Reconciled Depreciation
64.00M
Prev Year: 101.00M
YoY: -36.6%
Net Income from Continuing Operation Net Minority Interest
982.00M
Prev Year: 775.00M
YoY: +26.7%
Tax Rate for Calcs
0.22
Prev Year: 0
Preferred Stock Dividends
26.00M
Prev Year: 37.00M
YoY: -29.7%
Gain on Sale of Securities
207.00M
Prev Year: 98.00M
YoY: +111.2%
Depreciation Amortization Depletion
38.00M
Prev Year: 44.00M
YoY: -13.6%
Depreciation and amortization
38.00M
Prev Year: 44.00M
YoY: -13.6%
Amortization
38.00M
Prev Year: 44.00M
YoY: -13.6%
Amortization of Intangibles
38.00M
Prev Year: 44.00M
YoY: -13.6%
Selling General and Administrative
1.29B
Prev Year: 1.30B
YoY: -0.5%
Selling and Marketing Expense
54.00M
Prev Year: 48.00M
YoY: +12.5%
General and Administrative Expense
1.24B
Prev Year: 1.25B
YoY: -1.0%
Insurance and Claims
42.00M
Prev Year: 64.00M
YoY: -34.4%
Salaries and Wages
1.20B
Prev Year: 1.19B
YoY: +0.8%
Operating Revenue
3.32B
Values in USD

First Horizon key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$3.3B$3.1B$3.2B$3.1B$3.0B
Net income$956.0M$738.0M$865.0M$868.0M$962.0M
Total assets$83.9B$82.2B$81.7B$79.0B$89.1B
Total liabilities$74.7B$73.0B$72.4B$70.4B$80.6B
Shareholders' equity$8.8B$8.8B$9.0B$8.3B$8.2B
Cash$2.1B$2.4B$2.3B$2.4B$16.1B
Total debt$1.5B$2.2B$1.5B$2.7B$1.7B
Operating cash flow$628.0M$1.3B$1.3B$2.3B$725.0M
Capital spending$33.0M$44.0M$37.0M$28.0M$53.0M
Free cash flow$595.0M$1.2B$1.3B$2.3B$672.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was First Horizon's revenue in fiscal year 2025?

$3.32 billion, up 7.3% from $3.10 billion in fiscal year 2024.

How much profit does First Horizon make?

First Horizon reported net income of $956.00 million for fiscal year 2025 (28.8% of revenue).

How much cash and debt does First Horizon have?

At the end of fiscal year 2025: cash of $2.09 billion and total debt of $1.52 billion.

What is First Horizon's free cash flow?

$595.00 million in fiscal year 2025 (operating cash flow of $628.00 million minus capital spending of $33.00 million).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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