First Horizon Corporation (FHN)

First Horizon Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	4,367	3,626	2,331	1,990	1,752
Interest Income on Investments	-	474	352	168	146
Total Interest Income	4,367	4,100	2,683	2,158	1,898
Interest Paid on Deposits	1,857	1,266	184	81	152
Interest Paid on Borrowings	-	294	107	83	84
Total Interest Expense	1,857	1,560	291	164	236
Net Interest Income	2,510	2,540	2,392	1,994	1,662
Net Interest Income Growth (YoY)	-1.18%	6.19%	19.96%	19.98%	37.36%
Trust Income	-	47	48	51	39
Mortgage Banking Activities	35	23	68	154	129
Gain (Loss) on Sale of Assets	-	9	22	6	-
Gain (Loss) on Sale of Investments	-89	-4	18	13	-6
Other Non-Interest Income	734	448	488	677	649
Total Non-Interest Income	680	702	815	1,076	959
Non-Interest Income Growth (YoY)	-3.13%	-13.87%	-24.26%	12.20%	46.64%
Revenues Before Loan Losses	3,190	3,242	3,207	3,070	2,621
Provision for Loan Losses	150	260	95	-310	503
Revenue	3,040	2,982	3,112	3,380	2,118
Revenue Growth (YoY)	1.95%	-4.18%	-7.93%	59.58%	16.44%
Salaries and Employee Benefits	1,130	1,064	1,026	1,167	1,001
Occupancy Expenses	293	80	83	90	78
Federal Deposit Insurance	-	122	32	24	-
Amortization of Goodwill & Intangibles	44	47	51	56	40
Selling, General & Administrative	289	436	481	462	354
Other Non-Interest Expense	271	268	273	212	225
Total Non-Interest Expense	2,027	2,078	1,953	2,025	1,698
EBT Excluding Unusual Items	1,013	904	1,159	1,355	420
Asset Writedown	-	-	-	-34	-7
Other Unusual Items	-	-	-	-	533
Pretax Income	1,005	1,128	1,159	1,284	933
Income Tax Expense	211	212	247	274	76
Earnings From Continuing Operations	794	916	912	1,010	857
Minority Interest in Earnings	-19	-19	-12	-11	-12
Net Income	775	897	900	999	845
Preferred Dividends & Other Adjustments	36	32	32	37	23
Net Income to Common	739	865	868	962	822
Net Income Growth	-13.60%	-0.33%	-9.91%	18.22%	91.61%
Basic Shares Outstanding	540	548	535	546	432
Diluted Shares Outstanding	544	562	566	551	434
Shares Change (YoY)	-3.16%	-0.75%	2.68%	27.10%	37.40%
EPS (Basic)	1.37	1.58	1.62	1.76	1.90
EPS (Diluted)	1.36	1.54	1.53	1.74	1.89
EPS Growth	-11.69%	0.65%	-12.07%	-7.94%	36.96%
Dividend Per Share	0.600	0.600	0.600	0.600	0.600
Dividend Growth	0%	0%	0%	0%	7.14%
Effective Tax Rate	21.00%	18.79%	21.31%	21.34%	8.15%

Source: S&P Capital IQ. Banks template. Financial Sources.