First Horizon Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Net Income	1,042	998	794	916	912	1,010
Depreciation & Amortization	64	64	101	102	85	45
Provision for Credit Losses	40	65	150	260	95	-310
Stock-Based Compensation	56	61	59	36	75	43
Net Change in Loans Held-for-Sale	-1,151	-909	-1,041	-1,124	-1,311	-2,398
Other Adjustments	69	53	70	-266	587	446
Changes in Trading Assets	656	530	1,011	1,163	2,120	1,824
Changes in Other Operating Activities	-218	-234	124	212	-272	65
Operating Cash Flow	557	628	1,268	1,299	2,291	725
Operating Cash Flow Growth	-28.50%	-50.47%	-2.39%	-43.30%	216.00%	321.51%
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements	49	413	-209	56	13,523	-6,556
Net Change in Loans Held-for-Investment	-2,220	-1,647	-1,337	-3,303	-3,204	3,525
Net Change in Securities and Investments	167	140	505	648	-2,073	-1,600
Capital Expenditures	-32	-33	-44	-37	-28	-53
Sale of Property, Plant & Equipment	-	3	8	1	18	42
Other Investing Activities	-2	30	19	30	97	41
Investing Cash Flow	-2,011	-1,094	-1,058	-2,605	8,333	-4,601
Net Change in Deposits	2,272	1,894	-201	2,289	-11,406	4,919
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	373	-146	851	43	382	-75
Long-Term Debt Issued	-9	490	49	1	4	-108
Long-Term Debt Repaid	-191	-366	-6	-450	-	-
Net Long-Term Debt Issued (Repaid)	-200	124	43	-449	4	-108
Issuance of Common Stock	6	6	9	5	36	28
Repurchase of Common Stock	-788	-918	-626	-10	-12	-416
Net Common Stock Issued (Repurchased)	-782	-912	-617	-5	24	-388
Issuance of Preferred Stock	392	-	-	-	494	145
Repurchase of Preferred Stock	-80	-80	-100	-	-	-100
Net Preferred Stock Issued (Repurchased)	312	-80	-100	-	494	45
Common Dividends Paid	-307	-314	-332	-335	-324	-333
Preferred Share Dividends Paid	-39	-42	-48	-49	-43	-44
Financing Cash Flow	1,454	524	-404	1,494	-10,869	4,016
Net Cash Flow	-	58	-194	188	-245	140
Free Cash Flow	525	595	1,224	1,262	2,263	672
Free Cash Flow Growth	-11.77%	-51.39%	-3.01%	-44.23%	236.76%	489.47%
FCF Margin	61.91%	17.74%	40.26%	39.35%	72.72%	19.88%
Free Cash Flow Per Share	1.05	1.16	2.25	2.25	4.00	1.22
Levered Free Cash Flow	1,271	1,407	1,973	1,856	2,777	2,735
Unlevered Free Cash Flow	470	327	1,192	1,440	1,905	1,881

Updated Mar 31, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q