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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Capital Surplus
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2024   16,750          
Beginning balance at Dec. 31, 2024 $ 9,111 $ 426 $ 328 $ 4,808 $ 4,382 $ (1,128) [1] $ 295
Beginning balance (in shares) at Dec. 31, 2024     524,280,412        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 222       218   4
Other comprehensive income (loss) 145         145 [1]  
Cash dividends declared:              
Preferred stock (5)       (5)    
Common stock (78)       (78)    
Common stock repurchased (in shares) [2]     (17,657,334)        
Common stock repurchased [2] (365)   $ (11) (354)      
Excise tax on common stock repurchased (3)     (3)      
Common stock issued for:              
Stock options exercised and restricted stock awards (in shares)     692,106        
Stock options exercised and restricted stock awards 3     3      
Stock-based compensation expense 18     18      
Dividends declared - noncontrolling interest of subsidiary preferred stock (4)           (4)
Ending balance (in shares) at Mar. 31, 2025   16,750          
Ending balance at Mar. 31, 2025 9,044 $ 426 $ 317 4,472 4,517 (983) [1] 295
Ending balance (in shares) at Mar. 31, 2025     507,315,184        
Beginning balance (in shares) at Dec. 31, 2025   8,750          
Beginning balance at Dec. 31, 2025 9,142 $ 349 $ 303 3,974 5,031 (810) [3] 295
Beginning balance (in shares) at Dec. 31, 2025     484,825,395        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 266       262   4
Other comprehensive income (loss) (22)         (22) [3]  
Cash dividends declared:              
Preferred stock (5)       (5)    
Common stock (83)       (83)    
Preferred stock issuance (in shares)   4,000          
Preferred stock issuance 392 $ 392          
Common stock repurchased (in shares) [4]     (9,578,588)        
Common stock repurchased [4] (235)   $ (6) (229)      
Excise tax on common stock repurchased (2)     (2)      
Common stock issued for:              
Stock options exercised and restricted stock awards (in shares)     475,425        
Stock options exercised and restricted stock awards 3     3      
Stock-based compensation expense 13     13      
Dividends declared - noncontrolling interest of subsidiary preferred stock $ (4)           (4)
Ending balance (in shares) at Mar. 31, 2026 12,750 12,750          
Ending balance at Mar. 31, 2026 $ 9,465 $ 741 $ 297 $ 3,759 $ 5,205 $ (832) [3] $ 295
Ending balance (in shares) at Mar. 31, 2026     475,722,232        
[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] Includes $360 million repurchased under FHN's general purchase program.
[3] 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.
[4] Includes $233 million repurchased under FHN's general purchase program