MARKETS / NYSE / FHN

NYSE · NATIONAL COMMERCIAL BANKS · LARGE CAP

First Horizon Corp. FHN

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$3.4B

▲ 7.2% YoY

Net income

$982.0M

▲ 26.7% YoY

Free cash flow

$595.0M

▼ 51.4% YoY

In brief

What this company does

First Horizon Corporation provides commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services principally through its wholly-owned subsidiary, First Horizon Bank. At December 31, 2025, it had total consolidated assets of $84 billion. At December 31, 2025, First Horizon had over 450 business locations in 23 U.S. states, most of them banking centers concentrated in southern states such as Tennessee, North Carolina, Florida, and Louisiana. At December 31, 2025, First Horizon had 7,404 associates, including 7,277 full-time associates and 127 part-time associates. Following a 2024 reclassification, its reportable business segments are commercial, consumer and wealth; wholesale; and corporate. The principal lines of business in the wholesale banking segment include fixed income securities sales, trading, underwriting and strategies for institutional clients, along with loan sales. First Horizon Corporation incorporated in 1968 and is headquartered in Memphis, Tennessee.

Written from the business description in FIRST HORIZON CORP's annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 3.4B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 3.4 · Net income 1.0

Compound annual growth

Revenue

+2.2%

+11.4%

+6.2%

Net income

+2.9%

+3.1%

+27.6%

+21.9%

EPS, diluted

+6.9%

−0.2%

+18.6%

Dividend / share

+0.0%

+9.6%

Returned to shareholders

+55.8%

+40.7%

+31.5%

3 yrs

5 yrs

10 yrs

15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

29 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 37.4% · Net 29.2%

ROE

FY2025 · ROE 11.1%

Gross margin—

Operating margin37.4%

Net margin29.2%

Return on assets1.2%

EBITDAUSD 1.3B

Each USD of equity produced 11 cents of profit this year.

Cash & shareholders

USD 1.2B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 0.6

Net buybacks $M Dividends $M

FY2025 · Dividends 314.0 · Net buybacks 912.0

Dividends paidUSD 314.0M

Net buybacksUSD 912.0M

Share of profit124.8%

Consecutive raises—

USD 314.0M in dividends and USD 912.0M in buybacks — 125% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 83.9B

EquityUSD 8.8B

CashUSD 1.6B

Gross debtUSD 3.3B

Net debtUSD 1.7B

DepositsUSD 67.5B

Net debt stands at 19% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	3.4	3.2	3.5	3.2	·	·	1.8	1.9	1.3	1.3	1.2	1.2	1.2	1.3	1.4	1.4	1.1	1.3
Operating income $B	1.3	1.0	1.1	1.2	1.3	0.9	0.6	0.7	0.3	0.3	0.1	·	·	·	·	·	·	·
EBITDA $B	1.3	1.1	1.2	1.2	1.3	1.0	0.7	0.8	0.4	0.4	0.2	·	·	·	·	·	·	·
Income tax $B	0.3	0.2	0.2	0.2	0.3	0.1	0.1	0.2	0.1	0.1	0.0	0.1	−0.0	−0.1	0.0	−0.0	−0.2	−0.2
Net income $B	1.0	0.8	0.9	0.9	1.0	0.8	0.4	0.5	0.2	0.2	0.1	0.2	0.0	−0.0	0.1	0.1	−0.3	−0.2
Free cash flow $B	0.6	1.2	1.3	2.3	0.7	−0.2	0.8	0.2	−0.3	0.1	0.3	0.7	0.4	0.3	0.0	0.7	0.8	4.2
EPS, diluted $	1.87	1.36	1.54	1.53	1.74	1.89	1.38	1.65	0.65	0.94	0.34	0.91	0.09	−0.11	0.50	−0.25	−1.41	−0.96
Dividend / sh $	0.60	0.60	0.60	0.60	0.60	0.60	0.56	0.48	0.36	0.28	0.24	0.20	0.20	0.04	0.04	·	·	0.33
Payout %	32	43	37	36	33	26	39	26	48	28	63	21	142	−36	6	0	·	−63
ROE %	11.1	8.7	10.4	10.9	12.3	13.2	9.5	12.4	4.9	9.6	3.7	9.9	1.2	−1.2	5.5	1.9	−9.0	·
Shares out B	·	·	·	·	·	·	·	·	·	0.23	0.24	0.23	0.24	0.24	0.26	0.00	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 4 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityNational Commercial Banks

Listed onNYSE

Incorporated inTennessee

Fiscal year endsDecember 31

Data on record since2008