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Business Segment Information (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting, Measurement Disclosures [Abstract]  
Schedule of Segment Financial Information
The following table presents financial information for each reportable business segment for the years ended December 31.
Table 8.19.1
SEGMENT FINANCIAL INFORMATION
2025
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Interest income$3,317 $555 $314 $4,186 
Interest expense1,156 107 301 1,564 
Funds transfer pricing408 (215)(193)— 
Net interest income (expense)2,569 233 (180)2,622 
Noninterest income464 256 77 797 
Total revenues3,033 489 (103)3,419 
Noninterest expense (c)(d)1,443 320 311 2,074 
Pre-provision net revenue (f)1,590 169 (414)1,345 
Provision for credit losses50 12 3 65 
Income (loss) before income taxes1,540 157 (417)1,280 
Income tax expense (benefit)367 37 (122)282 
Net income (loss)$1,173 $120 $(295)$998 
Average assets$58,820 $9,360 $13,839 $82,019 
Depreciation and amortization19 7 38 64 
Expenditures for long-lived assets18 1 9 28 
2024
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Interest income$3,538 $525 $289 $4,352 
Interest expense1,413 125 303 1,841 
Funds transfer pricing406 (206)(200)— 
Net interest income (expense)2,531 194 (214)2,511 
Noninterest income (a)461 230 (12)679 
Total revenues2,992 424 (226)3,190 
Noninterest expense (c)(d)1,417 299 319 2,035 
Pre-provision net revenue (f)1,575 125 (545)1,155 
Provision for credit losses158 3 (11)150 
Income (loss) before income taxes1,417 122 (534)1,005 
Income tax expense (benefit)334 29 (152)211 
Net income (loss)$1,083 $93 $(382)$794 
Average assets$59,398 $8,120 $14,304 $81,822 
Depreciation and amortization38 6 57 101 
Expenditures for long-lived assets26 1 18 45 
2023
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Interest income$3,286 $478 $336 $4,100 
Interest expense1,115 100 345 1,560 
Funds transfer pricing312 (201)(111)— 
Net interest income (expense)2,483 177 (120)2,540 
Noninterest income (a)448 174 305 927 
Total revenues2,931 351 185 3,467 
Noninterest expense (b)(c)(d)1,372 277 430 2,079 
Pre-provision net revenue (f)1,559 74 (245)1,388 
Provision for credit losses260 15 (15)260 
Income (loss) before income taxes1,299 59 (230)1,128 
Income tax expense (benefit) (e)305 14 (107)212 
Net income (loss)$994 $45 $(123)$916 
Average assets$58,109 $7,581 $15,993 $81,683 
Depreciation and amortization34 7 61 102 
Expenditures for long-lived assets16 1 17 34 
(a)2024 includes a $91 million loss on securities following the restructuring of a portion of the AFS securities portfolio. 2023 includes a $225 million gain on merger termination and a $6 million loss on equities valuation adjustments in the Corporate segment and a $9 million gain on an FHN Financial asset disposition in the Wholesale segment.
(b)2023 includes $51 million in merger and integration expenses related to the TD Transaction in the Corporate Segment.
(c)2025 includes an FDIC special assessment expense credit of $9 million and a $4 million expense credit related to an accrual release in deferred compensation in the Corporate segment. 2024 includes $14 million of restructuring costs and an FDIC special assessment of $9 million in the Corporate segment. 2023 includes $10 million of restructuring costs, an FDIC special assessment of $68 million, and a $50 million contribution to the First Horizon Foundation in the Corporate segment.
(d)2025, 2024, and 2023 include $25 million, $15 million, and $15 million, respectively, in derivative valuation adjustments related to prior Visa Class B share sales in the Corporate segment.
(e)2023 includes $24 million in expense related to the surrender of bank-owned life insurance policies and a $59 million benefit from merger-related tax items in the Corporate segment.
(f)Pre-provision net revenue is a non-GAAP measure and is reconciled to income (loss) before income taxes (GAAP) in this table.
The following table presents a disaggregation of FHN’s noninterest income by major product line and reportable segment for the years ended December 31, 2025, 2024, and 2023.
Table 8.19.2
NONINTEREST INCOME DETAIL BY SEGMENT
December 31, 2025
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest income:
Fixed income (a)$— $206 $— $206 
Deposit transactions and cash management158 3 8 169 
Brokerage, management fees and commissions105 — — 105 
Card and digital banking fees64 — 10 74 
Other service charges and fees57 3 — 60 
Trust services and investment management50 — 1 51 
Mortgage banking income
1 41 1 43 
Securities gains (losses), net (b)— — 1 1 
Other income (c)29 3 56 88 
     Total noninterest income$464 $256 $77 $797 
December 31, 2024
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest income:
Fixed income (a)$— $187 $— $187 
Deposit transactions and cash management163 4 9 176 
Brokerage, management fees and commissions101 — — 101 
Card and digital banking fees67 — 10 77 
Other service charges and fees48 2 1 51 
Trust services and investment management47 — 1 48 
Mortgage banking income
1 33 1 35 
Securities gains (losses), net (b)— — (89)(89)
Other income (c)34 4 55 93 
     Total noninterest income$461 $230 $(12)$679 
December 31, 2023
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest income:
Fixed income (a)$— $134 $(1)$133 
Deposit transactions and cash management165 4 10 179 
Brokerage, management fees and commissions90 — — 90 
Card and digital banking fees67 — 10 77 
Other service charges and fees51 3 — 54 
Trust services and investment management46 — 1 47 
Mortgage banking income
1 21 1 23 
Gain on merger termination— — 225 225 
Securities gains (losses), net (b)— — (4)(4)
Other income (c)28 12 63 103 
     Total noninterest income$448 $174 $305 $927 
(a)2025, 2024, and 2023 include $40 million, $42 million, and $42 million, respectively, of underwriting, portfolio advisory, and other noninterest income in scope of ASC 606, "Revenue from Contracts with Customers."
(b)Represents noninterest income excluded from the scope of ASC 606. Amount is presented for informational purposes to reconcile total noninterest income.
(c)Includes letter of credit fees and insurance commissions in scope of ASC 606.
The following table presents a disaggregation of FHN’s noninterest expense by major product line and reportable segment for the years ended December 31, 2025, 2024, and 2023.
Table 8.19.3
NONINTEREST EXPENSE DETAIL BY SEGMENT
December 31, 2025
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest expense:
Personnel expense$542 $214 $403 $1,159 
Net occupancy expense77 9 53 139 
Computer software32 7 99 138 
Operations services17 23 56 96 
Legal and professional fees17 4 65 86 
Advertising and public relations7 1 46 54 
Deposit insurance expense— — 42 42 
Contract employment and outsourcing5 4 29 38 
Amortization of intangible assets35 1 2 38 
Contributions1 — 25 26 
Other expense80 27 151 258 
Cost allocations630 30 (660)— 
Total noninterest expense$1,443 $320 $311 $2,074 
December 31, 2024
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest expense:
Personnel expense$539 $196 $402 $1,137 
Net occupancy expense76 9 45 130 
Computer software32 5 84 121 
Operations services17 22 55 94 
Legal and professional fees11 3 50 64 
Advertising and public relations7 1 40 48 
Deposit insurance expense— — 64 64 
Contract employment and outsourcing5 3 43 51 
Amortization of intangible assets39 2 3 44 
Contributions2 — 16 18 
Other expense96 27 141 264 
Cost allocations593 31 (624)— 
Total noninterest expense$1,417 $299 $319 $2,035 
December 31, 2023
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest expense:
Personnel expense$526 $178 $396 $1,100 
Net occupancy expense72 9 42 123 
Computer software29 5 77 111 
Operations services19 25 43 87 
Legal and professional fees10 3 36 49 
Advertising and public relations7 1 63 71 
Deposit insurance expense— — 122 122 
Contract employment and outsourcing6 4 39 49 
Amortization of intangible assets42 2 3 47 
Contributions2 — 59 61 
Other expense94 27 138 259 
Cost allocations565 23 (588)— 
Total noninterest expense$1,372 $277 $430 $2,079