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Premises, Equipment, and Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Premises and Equipment
Premises and equipment was comprised of the following at December 31, 2025 and 2024.
Table 8.5.1
PREMISES & EQUIPMENT
(Dollars in millions)December 31, 2025December 31, 2024
Land$162 $163 
Buildings575 570 
Leasehold improvements91 88 
Furniture, fixtures, and equipment316 304 
Fixed assets held for sale (a)1 1 
Total premises and equipment1,145 1,126 
Less accumulated depreciation and amortization(601)(552)
Premises and equipment, net$544 $574 
(a) Primarily comprised of land and buildings.
Schedule of Lease Liabilities Included in the Consolidated Balance Sheet
The following table provides details of the classification of FHN's right-of-use assets and lease liabilities included in the Consolidated Balance Sheets.
Table 8.5.2
RIGHT-OF-USE ASSETS & LEASE LIABILITIES
(Dollars in millions)December 31, 2025December 31, 2024
Lease right-of-use assets:Classification
Operating lease right-of-use assetsOther assets$321 $296 
Finance lease right-of-use assetsOther assets2 2 
Total lease right-of-use assets$323 $298 
Lease liabilities:
Operating lease liabilitiesOther liabilities$368 $330 
Finance lease liabilitiesOther liabilities2 3 
Total lease liabilities$370 $333 
Schedule of Components of Lease Expense, Other Information, and Supplemental Cash Flow The following table details the weighted average remaining lease term and discount rate for FHN's operating and finance leases as of December 31, 2025 and 2024.
Table 8.5.3
REMAINING LEASE TERMS
& DISCOUNT RATES
December 31, 2025December 31, 2024
Weighted Average Remaining Lease Terms
Operating leases11.65 years11.68 years
Finance leases8.31 years8.60 years
Weighted Average Discount Rate
Operating leases3.69 %3.19 %
Finance leases2.00 %2.16 %
The following table provides a detail of the components of lease expense and other lease information for the years ended December 31, 2025, 2024, and 2023.
Table 8.5.4

LEASE EXPENSE & OTHER INFORMATION
(Dollars in millions)202520242023
Lease cost
Operating lease cost$46 $44 $45 
Sublease income(1)(1)(2)
Total lease cost$45 $43 $43 
Other information
(Gain) loss on right-of-use asset impairment - operating leases$1 $— $1 
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases34 43 46 
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases60 22 11 
Schedule of Maturity of Lease Liabilities, Operating
The following table provides a detail of the maturities of FHN's operating and finance lease liabilities as of December 31, 2025.
Table 8.5.5
LEASE LIABILITY MATURITIES
(Dollars in millions)December 31, 2025
2026$45 
202749 
202845 
202942 
203037 
2031 and thereafter243 
Total lease payments461 
Less lease liability interest(91)
Total lease liability$370 
Schedule of Maturity of Lease Liabilities, Finance
The following table provides a detail of the maturities of FHN's operating and finance lease liabilities as of December 31, 2025.
Table 8.5.5
LEASE LIABILITY MATURITIES
(Dollars in millions)December 31, 2025
2026$45 
202749 
202845 
202942 
203037 
2031 and thereafter243 
Total lease payments461 
Less lease liability interest(91)
Total lease liability$370 
Schedule of Lease Net Investments
The components of the Company’s net investment in leases as of December 31, 2025 and 2024 were as follows.
Table 8.5.6
LEASE NET INVESTMENTS
(Dollars in millions)December 31, 2025December 31, 2024
Lease receivable$1,371 $1,300 
Unearned income(315)(279)
Guaranteed residual164 166 
Unguaranteed residual250 228 
Total net investment$1,470 $1,415 
Schedule of Maturity of Lease Receivables as Lessor
Maturities of the Company's lease receivables as of December 31, 2025 were as follows.
Table 8.5.7
LEASE RECEIVABLE MATURITIES
(Dollars in millions)December 31, 2025
2026$188 
2027165 
2028158 
2029117 
2030165 
2031 and thereafter578 
Total future minimum lease payments$1,371