Risks and Uncertainties

12 Months Ended

Dec. 31, 2025

EBP 002

EBP, Risk and Uncertainty [Line Items]

Risks and Uncertainties

Risks and Uncertainties

Investments, including the First Horizon Corporation common stock fund, are exposed to various risks, such as interest rate, market and credit risks. Due to the level of risk associated with certain investments, it is at least reasonably possible that changes in their fair value could occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits.

(4)    Concentration of Participant Investments

The Plan has a significant portion of its assets invested in BlackRock Equity Index Fund and First Horizon Corporation common stock fund. The investment in the BlackRock Equity Index Fund approximates 19% and 19% as of December 31, 2025 and 2024, respectively. The investment in the First Horizon Corporation common stock fund approximates 10% and 11% of the Plan’s net assets available for benefits as of both December 31, 2025 and 2024, respectively. The investment in Schwab Personal Choice Retirement Account approximates 10% for benefits as of December 31, 2025.