Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Information Pertaining to Term Borrowings

The following table presents information pertaining to term borrowings as of December 31, 2025 and 2024.

Table 8.10.1

TERM BORROWINGS

(Dollars in millions)	2025		2024
First Horizon Bank:
Subordinated notes (a)
Maturity date – May 1, 2030 - 5.75%	$	449	$	448
Other collateralized borrowings - Maturity date – December 22, 2037
4.28% on December 31, 2025 and 4.92% on December 31, 2024 (b)	89		88
Other collateralized borrowings - SBA loans (c)	12		37
First Horizon Corporation:
Senior notes
Maturity date – May 26, 2025 - 4.00%	—		350
Maturity date – March 7, 2031 - 5.51%	497		—
Junior subordinated debentures (d)
Maturity date – June 28, 2035 - 5.66% on December 31, 2025 and 6.30% on December 31, 2024	3		3
Maturity date – December 15, 2035 - 5.35% on December 31, 2025 and 5.99% on December 31, 2024	19		18
Maturity date – March 15, 2036 - 5.38% on December 31, 2025 and 6.02% on December 31, 2024	10		9
Maturity date – March 15, 2036 - 5.52% on December 31, 2025 and 6.16% on December 31, 2024	12		12
Maturity date – June 30, 2036 - 5.27% on December 31, 2025 and 5.91% on December 31, 2024	28		28
Maturity date – July 7, 2036 - 5.72% on December 31, 2025 and 6.47% on December 31, 2024	19		19
Maturity date – June 15, 2037 - 5.63% on December 31, 2025 and 6.27% on December 31, 2024	53		53
Maturity date – September 6, 2037 - 5.43% on December 31, 2025 and 6.14% on December 31, 2024	9		9
Tax Credit Investment Subsidiaries:
Notes payable - New Market Tax Credit investments; 17 to 34 year term, 0.93% to 4.75% on December 31, 2025; 17 to 35 year term, 0.93% to 4.75% on December 31, 2024	74		74
FT Real Estate Securities Company, Inc.:
Cumulative preferred stock (e)
Maturity date – March 31, 2031 - 9.50%	47		47
Total	$	1,321	$	1,195

(a)Qualifies for Tier 2 capital under the risk-based capital guidelines for First Horizon Bank as well as First Horizon Corporation up to certain limits for minority interest capital instruments.

(b)Secured by trust preferred loans.

(c)Collateralized borrowings associated with SBA loan sales that did not meet sales criteria. The loans have remaining terms of 0 to 18 years. These borrowings had a weighted average interest rate of 6.82% and 7.08% on December 31, 2025 and 2024, respectively.

(d)Acquired in conjunction with the acquisition of CBF. A portion qualifies for Tier 2 capital under the risk-based capital guidelines. All are floating rate debentures tied to 3-month CME Term SOFR plus a term spread adjustment of 0.26161%.

(e)Qualifies for Tier 2 capital under the risk-based capital guidelines for both First Horizon Bank and First Horizon Corporation up to certain limits for minority interest capital instruments.

Schedule of Annual Principal Repayment Requirements

Annual principal repayment requirements as of December 31, 2025 are as follows.

Table 8.10.2

ANNUAL PRINCIPAL REPAYMENT SCHEDULE

(Dollars in millions)
2026	$	—
2027	—
2028	—
2029	—
2030 and after	1,339