**First Horizon Corp Reports Increased Net Income for 2025**

First Horizon Corporation (FHN) reported a net income available to common shareholders of $956 million, or $1.87 per diluted share, for the year ended December 31, 2025. This represents an increase of $218 million compared to the $738 million, or $1.36 per diluted share, reported for the same period in 2024. The company's total consolidated assets stood at $84 billion as of December 31, 2025, with First Horizon Bank holding $64 billion in total loans and $68 billion in total deposits.

The company's net interest income (NII) increased by $111 million to $2.6 billion in 2025, primarily driven by lower deposit pricing and higher loan balances, particularly in high-yielding loans to mortgage companies. The net interest margin (NIM) also saw an improvement, increasing by 12 basis points to 3.47%. Provision for credit losses decreased to $65 million, compared to $150 million in 2024, reflecting improvements in criticized and classified loans and a more favorable portfolio mix. Net charge-offs were $120 million, or 0.19% of average loans and leases, compared to $112 million, or 0.18% in the prior year.

Noninterest income rose by $118 million to $797 million, largely due to the impact of $91 million in net securities losses from a restructuring of the securities portfolio in the prior year. Additionally, the countercyclical businesses improved during 2025 as fixed income increased $19 million and mortgage banking income increased $8 million. Noninterest expense increased by $39 million to $2.1 billion, primarily due to higher personnel expenses from talent additions and increases in occupancy, software, and legal and professional fees, partially offset by lower deposit insurance expense.

Looking ahead, First Horizon will continue to focus on strategic priorities and initiatives, including consolidating and optimizing processes, delivering premium client service, and investing in talent and technology. The company's Common Equity Tier 1 (CET1) capital ratio was 10.63% at the end of 2025, and the Tier 1 capital ratio was 11.51%, both exceeding regulatory requirements. The company is also focused on managing risks associated with economic downturns, monetary events, credit exposures, and regulatory changes.

About FIRST HORIZON CORP

First Horizon Corporation is a Tennessee-based bank holding company providing diversified financial services through its subsidiary, First Horizon Bank. Its core activities include commercial and consumer banking, mortgage lending, fixed income/capital markets, wealth management, and insurance brokerage. Serving clients across the U.S., the company emphasizes relationship-based banking, fee and interest income, and competitive technology-driven delivery channels. It operates a broad network of banking centers and specialized offices, focusing on risk management and strategic growth.

This description was generated via AI from an annual report. Updated 8 months ago.

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