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Consolidated Statements of Changes in Equity - USD ($)
$ in Millions
Total
Adjustment
Series G
Series D
Series B
Preferred Stock
Preferred Stock
Series D
Preferred Stock
Series B
Common Stock
Common Stock
Series G
Capital Surplus
Capital Surplus
Series G
Retained Earnings
Retained Earnings
Adjustment
Retained Earnings
Series D
Retained Earnings
Series B
Accumulated Other Comprehensive Income (Loss)
[1]
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2022           31,686                        
Beginning balance at Dec. 31, 2022 $ 8,547 $ 4       $ 1,014     $ 336   $ 4,840   $ 3,430 $ 4     $ (1,368) $ 295
Beginning balance (in shares) at Dec. 31, 2022                 537,100,615                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net income 916                       897         19
Other comprehensive income 180                               180  
Cash dividends declared:                                    
Preferred stock (32)                       (32)          
Common stock (335)                       (335)          
Preferred stock conversion/redemption (in shares)           (4,936)                        
Preferred stock conversion/redemption (494)         $ (494)                        
Common stock repurchased (in shares)                 (806,360)                  
Common stock repurchased (10)               $ (1)   (9)              
Common stock issued for:                                    
Stock options exercised and restricted stock awards (in shares)                 2,801,663                  
Stock options exercised and restricted stock awards 5                   5              
Series G preferred stock conversion (in shares)                   19,742,776                
Series G preferred stock conversion 493   $ 493             $ 12   $ 481            
Stock-based compensation expense 36               $ 2   34              
Dividends declared - noncontrolling interest of subsidiary preferred stock (19)                                 (19)
Ending balance (in shares) at Dec. 31, 2023           26,750                        
Ending balance at Dec. 31, 2023 9,291 $ 8       $ 520     $ 349   5,351   3,964 $ 8     (1,188) 295
Ending balance (in shares) at Dec. 31, 2023                 558,838,694                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net income 794                       775         19
Other comprehensive income 60                               60  
Cash dividends declared:                                    
Preferred stock (29)                       (29)          
Common stock (329)                       (329)          
Preferred stock conversion/redemption (in shares)             (10,000)                      
Preferred stock conversion/redemption       $ (100)     $ (94)               $ (6)      
Excise tax on preferred stock redemption (1)                       (1)          
Common stock repurchased (in shares) [2]                 (39,202,433)                  
Common stock repurchased [2] (626)               $ (25)   (601)              
Excise tax on common stock repurchased (6)                   (6)              
Common stock issued for:                                    
Stock options exercised and restricted stock awards (in shares)                 4,644,151                  
Stock options exercised and restricted stock awards 9               $ 1   8              
Series G preferred stock conversion 0                                  
Stock-based compensation expense 59               3   56              
Dividends declared - noncontrolling interest of subsidiary preferred stock (19)                                 (19)
Ending balance (in shares) at Dec. 31, 2024           16,750                        
Ending balance at Dec. 31, 2024 9,111         $ 426     $ 328   4,808   4,382       (1,128) 295
Ending balance (in shares) at Dec. 31, 2024                 524,280,412                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Net income 998                       982         16
Other comprehensive income 318                               318  
Cash dividends declared:                                    
Preferred stock (23)                       (23)          
Common stock (307)                       (307)          
Preferred stock conversion/redemption (in shares)               (8,000)                    
Preferred stock conversion/redemption         $ (80)     $ (77)         (3)     $ (3)    
Common stock repurchased (in shares) [2]                 (43,442,126)                  
Common stock repurchased [2] (918)               $ (27)   (891)              
Excise tax on common stock repurchased (8)                   (8)              
Common stock issued for:                                    
Stock options exercised and restricted stock awards (in shares)                 3,987,109                  
Stock options exercised and restricted stock awards 6               $ 0   6              
Series G preferred stock conversion 0                                  
Stock-based compensation expense 61               2   59              
Dividends declared - noncontrolling interest of subsidiary preferred stock $ (16)                                 (16)
Ending balance (in shares) at Dec. 31, 2025 8,750       0 8,750                        
Ending balance at Dec. 31, 2025 $ 9,142         $ 349     $ 303   $ 3,974   $ 5,031       $ (810) $ 295
Ending balance (in shares) at Dec. 31, 2025                 484,825,395                  
[1] Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of other comprehensive income (loss) have been attributed solely to FHN as the controlling interest holder.
[2] 2025 and 2024 include $894 million and $604 million, respectively, repurchased under FHN's general purchase programs.