First Horizon Corp (NYSE: FHN)

First Horizon Corporation is a bank holding company and financial holding company headquartered in Memphis Tennessee. It provides commercial banking private banking consumer banking small business banking wealth and trust management retail brokerage capital markets fixed income and mortgage banking services primarily through its subsidiary First Horizon Bank. As of December 31 2025 the company reported total consolidated assets of eighty four billion dollars and total deposits of sixty seven billion dollars. The bank operated over four hundred fifty banking locations across twenty three states with the majority concentrated in Tennessee North Carolina Florida and Louisiana.

Interest income on loans and leases forms the largest component of the company's revenue. The loan portfolio consists mainly of commercial and industrial loans commercial real estate loans and consumer real estate loans. Noninterest income is derived from wealth management fees brokerage commissions card service fees and other deposit related charges. Capital markets activities including fixed income sales trading underwriting and mortgage warehouse lending also contribute to earnings.

First Horizon Corporation reports its financial results through three operating segments: commercial consumer and wealth wholesale and corporate. The commercial consumer and wealth segment aggregates retail and commercial banking activities while the wholesale segment focuses on capital markets and specialized lending and the corporate segment contains the remaining support functions.

• This segment includes commercial banking business banking consumer banking private client investment wealth management financial planning trust and asset management services asset based lending commercial real estate equipment finance energy finance international banking healthcare finance transportation and logistics finance treasury management solutions loan syndications and corporate banking services.

• This segment consists of fixed income securities sales trading underwriting and strategy services for institutional clients loan sales portfolio advisory services derivative sales mortgage warehouse lending franchise finance correspondent banking and mortgage origination.

• This segment comprises the remaining corporate functions such as treasury finance risk management internal audit and other support activities not allocated to the consumer and wealth or wholesale segments.

First Horizon Corporation operates as a regional bank with a strong presence in the southeastern United States. It competes with large national banks such as Bank of America Fifth Third Bank JPMorgan Chase Wells Fargo and Citibank and with regional peers including Regions Bank PNC Bank Truist Bank Hancock Whitney Bank and BB&T. The company differentiates itself through a relationship focused banking model a broad suite of products and disciplined capital management. Its capital ratios consistently exceed regulatory minimums providing a buffer for growth and resilience.

The company serves individual consumers ranging from retail depositors to high net worth individuals seeking wealth management services. It also provides financing and deposit services to small and medium sized businesses and to large corporations across various industries. Institutional clients such as banks insurance companies asset managers and pension funds access its capital markets and fixed income offerings.