First Horizon Corp (FHN) Financial Statements
Industry: National Commercial Banks
In fiscal 2025, First Horizon reported revenue of $3.42B, up 7.2% from $3.19B the year before. Net income was $982.0M (a 28.7% net margin), or $1.87 per diluted share. Net interest income was $2.62B, and the efficiency ratio (noninterest expense / revenue) was 60.7%. Operating activities generated $628.0M of cash, leaving $595.0M of free cash flow. At fiscal year end, First Horizon held $83.88B in total assets against $74.73B in total liabilities.
Open the full interactive First Horizon financials → Quarterly statements, key ratios, valuation history and price charts.
First Horizon Key Stats
| Share Price | $22.77 |
|---|---|
| Market Cap | $10.93B |
| P/E Ratio | 12.2 |
| Revenue YoY Growth | +7.2% |
| 52-Week Range | $19.40 – $26.04 |
| Shares Outstanding | 474.8 million (basic, 2026 Q2) |
First Horizon Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $1.66B | $1.99B | $2.39B | $2.54B | $2.51B | $2.62B |
| Provision for Credit Losses | $503.0M | -$310.0M | $95.0M | $260.0M | $150.0M | $65.0M |
| Noninterest Income | $1.49B | $1.08B | $815.0M | $927.0M | $679.0M | $797.0M |
| Noninterest Expense | $1.72B | $2.10B | $1.95B | $2.08B | $2.04B | $2.07B |
| Revenue | $3.15B | $3.07B | $3.21B | $3.47B | $3.19B | $3.42B |
| Pre-Tax Income | $933.0M | $1.28B | $1.16B | $1.13B | $1.00B | $1.28B |
| Income Tax | $76.0M | $274.0M | $247.0M | $212.0M | $211.0M | $282.0M |
| Net Income | $845.0M | $999.0M | $900.0M | $897.0M | $775.0M | $982.0M |
| Diluted EPS | $1.89 | $1.74 | $1.53 | $1.54 | $1.36 | $1.87 |
First Horizon Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $889.0M | $888.0M | $862.0M | $887.0M |
| Net Income | $262.0M | $261.0M | $262.0M | $270.0M |
| Diluted EPS | $0.50 | $0.51 | $0.53 | $0.54 |
First Horizon Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Loans (Net) | $57.27B | $54.19B | $57.42B | $60.52B | $61.75B | $63.42B |
| Total Assets | $84.21B | $89.09B | $78.95B | $81.66B | $82.15B | $83.88B |
| Deposits | $69.98B | $74.89B | $63.49B | $65.78B | $65.58B | $67.48B |
| Total Long-Term Debt | $1.67B | $1.59B | $1.60B | $1.15B | $1.20B | $1.32B |
| Total Liabilities | $75.90B | $80.60B | $70.41B | $72.37B | $73.04B | $74.73B |
| Shareholders' Equity | $8.01B | $8.20B | $8.25B | $9.00B | $8.82B | $8.85B |
First Horizon Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $172.0M | $741.0M | $2.31B | $1.30B | $1.27B | $628.0M |
| Cash From Investing | -$4.97B | -$4.62B | $8.31B | -$2.60B | -$1.06B | -$1.09B |
| Cash From Financing | $5.18B | $4.02B | -$10.87B | $1.49B | -$404.0M | $524.0M |
| Free Cash Flow | -$207.0M | $704.0M | $2.29B | $1.26B | $1.22B | $595.0M |
Figures from First Horizon's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full First Horizon financials page for every line item.
First Horizon Company Profile
| Ticker | FHN |
|---|---|
| Exchange | NYSE |
| Industry | National Commercial Banks |
| Headquarters | Memphis, Tennessee |
| Incorporated in | Tennessee |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000036966 |
Frequently Asked Questions
What was First Horizon's revenue in fiscal 2025?
First Horizon (FHN) reported revenue of $3.42B for fiscal 2025.
What is First Horizon's annual revenue history?
First Horizon's annual revenue by fiscal year: 2020: $3.15B; 2021: $3.07B; 2022: $3.21B; 2023: $3.47B; 2024: $3.19B; 2025: $3.42B.
What was First Horizon's net income in fiscal 2025?
First Horizon reported net income of $982.0M for fiscal 2025.
What was First Horizon's earnings per share (EPS) in fiscal 2025?
First Horizon's diluted EPS was $1.87 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did First Horizon generate in fiscal 2025?
First Horizon generated $595.0M of free cash flow in fiscal 2025.
What was First Horizon's revenue last quarter?
In its most recent reported quarter (2026 Q2), First Horizon reported revenue of $887.0M.
How much debt does First Horizon have?
First Horizon reported $1.32B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of First Horizon are outstanding?
First Horizon reported a weighted average of 474.8 million basic shares outstanding in 2026 Q2.
What is First Horizon's market cap?
Based on its latest closing price, First Horizon (FHN) has a market capitalization of about $10.93B.
When does First Horizon's fiscal year end?
First Horizon's fiscal year end, as registered with the SEC, is December 31.
Where is First Horizon headquartered?
First Horizon lists its business address in Memphis, Tennessee in its SEC filings.