First Horizon Corporation (FHN) — Financial statements
Income statement, balance sheet, and cash flow for First Horizon Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 4,985↑1.0% | 4,937↑4.7% | 4,715↑38.2% | 3,411↑8.1% | 3,154 | |
| Cost of Revenue | 1,629↓18.2% | 1,991↑9.4% | 1,820↑371.5% | 386↑364.4% | -146 | |
| Gross Profit | 3,356↑13.9% | 2,946↑1.8% | 2,895↓4.3% | 3,025↓8.3% | 3,300 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 1,479↑18.1% | 1,252↓1.5% | 1,271↑7.1% | 1,187↓8.8% | 1,301 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 48↓32.4% | 71↑42.0% | 50↑35.1% | 37 | |
| SG&A Expenses | 1,479↑13.8% | 1,300↓3.1% | 1,342↑8.5% | 1,237↓7.5% | 1,338 | |
| Other Expenses | 596↓7.0% | 641↑50.8% | 425↓32.4% | 629↓7.2% | 678 | |
| Operating Expenses | 2,075↑6.9% | 1,941↑9.8% | 1,767↓5.3% | 1,866↓7.4% | 2,016 | |
| Total Costs & Expenses | 3,704↓5.8% | 3,932↑9.6% | 3,587↑59.3% | 2,252↑20.4% | 1,870 | |
| Operating Results | ||||||
| Operating Income | 1,281↑27.5% | 1,005↓10.9% | 1,128↓2.7% | 1,159↓9.7% | 1,284 | |
| Depreciation & Amortization | 56↓44.6% | 101↓1.0% | 102↑20.0% | 85↑88.9% | 45 | |
| EBITDA | 1,337↑20.9% | 1,106↓10.1% | 1,230↓1.1% | 1,244↓6.4% | 1,329 | |
| EBIT | 1,281↑27.5% | 1,005↓10.9% | 1,128↓2.7% | 1,159↓9.7% | 1,284 | |
| Interest & Other Income | ||||||
| Net Interest Income | 2,622↑4.4% | 2,511↓1.1% | 2,540↑6.2% | 2,392↑20.0% | 1,994 | |
| Interest Income | 4,186↓3.8% | 4,352↑6.1% | 4,100↑52.8% | 2,683↑24.3% | 2,158 | |
| Interest Expense | 1,564↓15.0% | 1,841↑18.0% | 1,560↑436.1% | 291↑77.4% | 164 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 1,281↑27.5% | 1,005↓10.9% | 1,128↓2.7% | 1,159↓9.7% | 1,284 | |
| Income Tax Expense | 282↑33.6% | 211↓0.5% | 212↓14.2% | 247↓9.9% | 274 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 999↑25.8% | 794↓13.3% | 916↑0.4% | 912↓9.7% | 1,010 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 983↑26.8% | 775↓13.6% | 897↓0.3% | 900↓9.9% | 999 | |
| Bottom-Line Net Income | 957↑29.7% | 738↓14.7% | 865↓0.3% | 868↓9.8% | 962 | |
| EPS (Basic) | 1.89↑38.0% | 1.37↓13.3% | 1.58↓2.5% | 1.62↓8.0% | 1.76 | |
| EPS (Diluted) | 1.88↑38.2% | 1.36↓11.7% | 1.54↑0.7% | 1.53↓12.1% | 1.74 | |
| Weighted Average Shares | 491↓9.1% | 540↓1.4% | 548↑2.4% | 535↓2.1% | 546 | |
| Weighted Average Diluted Shares | 496↓8.9% | 544↓3.1% | 562↓0.8% | 566↑2.7% | 551 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.