First Horizon Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	4,200	3,910	3,626	2,331	1,990
Interest Income on Investments	-	442	474	352	168
Total Interest Income	4,200	4,352	4,100	2,683	2,158
Interest Paid on Deposits	1,578	1,620	1,266	184	81
Interest Paid on Borrowings	-	221	294	107	83
Total Interest Expense	1,578	1,841	1,560	291	164
Net Interest Income	2,622	2,511	2,540	2,392	1,994
Net Interest Income Growth (YoY)	4.42%	-1.14%	6.19%	19.96%	19.98%
Trust Income	-	48	47	48	51
Mortgage Banking Activities	43	35	23	68	154
Gain (Loss) on Sale of Assets	-	-	9	22	6
Gain (Loss) on Sale of Investments	1	-89	-4	18	13
Other Non-Interest Income	754	509	448	488	677
Total Non-Interest Income	798	679	702	815	1,076
Non-Interest Income Growth (YoY)	17.53%	-3.28%	-13.87%	-24.26%	12.20%
Revenues Before Loan Losses	3,420	3,190	3,242	3,207	3,070
Provision for Loan Losses	65	150	260	95	-310
Revenue	3,355	3,040	2,982	3,112	3,380
Revenue Growth (YoY)	10.36%	1.94%	-4.18%	-7.93%	59.59%
Salaries and Employee Benefits	1,159	1,078	1,064	1,026	1,167
Occupancy Expenses	320	87	80	83	90
Federal Deposit Insurance	-	64	122	32	24
Amortization of Goodwill & Intangibles	38	44	47	51	56
Selling, General & Administrative	308	460	436	481	462
Other Non-Interest Expense	250	284	269	273	212
Total Non-Interest Expense	2,075	2,035	2,079	1,953	2,025
EBT Excluding Unusual Items	1,280	1,005	903	1,159	1,355
Asset Writedown	-	-	-	-	-34
Pretax Income	1,280	1,005	1,128	1,159	1,284
Income Tax Expense	282	211	212	247	274
Earnings From Continuing Operations	998	794	916	912	1,010
Minority Interest in Earnings	-16	-19	-19	-12	-11
Net Income	982	775	897	900	999
Preferred Dividends & Other Adjustments	26	37	32	32	37
Net Income to Common	956	738	865	868	962
Net Income Growth	26.71%	-13.60%	-0.33%	-9.91%	18.22%
Basic Shares Outstanding	505	540	548	535	546
Diluted Shares Outstanding	511	544	562	566	551
Shares Change (YoY)	-6.12%	-3.11%	-0.76%	2.68%	27.10%
EPS (Basic)	1.89	1.37	1.58	1.62	1.76
EPS (Diluted)	1.87	1.36	1.54	1.53	1.74
EPS Growth	37.50%	-11.69%	0.65%	-12.07%	-7.94%
Dividend Per Share	0.600	0.600	0.600	0.600	0.600
Effective Tax Rate	22.03%	21.00%	18.79%	21.31%	21.34%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.