First Horizon Corporation (FRA:FT2)

First Horizon Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	3,800	3,910	3,626	2,331	1,990	1,752
Interest Income on Investments	445	442	474	352	168	146
Total Interest Income	4,245	4,352	4,100	2,683	2,158	1,898
Interest Paid on Deposits	1,489	1,620	1,266	184	81	152
Interest Paid on Borrowings	226	221	294	107	83	84
Total Interest Expense	1,715	1,841	1,560	291	164	236
Net Interest Income	2,530	2,511	2,540	2,392	1,994	1,662
Net Interest Income Growth (YoY)	2.22%	-1.14%	6.19%	19.96%	19.98%	37.35%
Trust Income	49	48	47	48	51	39
Mortgage Banking Activities	34	35	23	68	154	129
Gain (Loss) on Sale of Assets	-	-	9	22	6	-
Gain (Loss) on Sale of Investments	-90	-89	-4	18	13	-6
Other Non-Interest Income	506	509	448	488	677	649
Total Non-Interest Income	668	679	702	815	1,076	959
Non-Interest Income Growth (YoY)	-9.36%	-3.28%	-13.87%	-24.26%	12.20%	46.64%
Revenues Before Loan Losses	3,198	3,190	3,242	3,207	3,070	2,621
Provision for Loan Losses	115	150	260	95	-310	503
Revenue	3,083	3,040	2,982	3,112	3,380	2,118
Revenue Growth (YoY)	4.61%	1.94%	-4.18%	-7.93%	59.59%	16.44%
Salaries and Employee Benefits	1,057	1,078	1,064	1,026	1,167	1,001
Occupancy Expenses	94	87	80	83	90	78
Federal Deposit Insurance	49	64	122	32	24	-
Amortization of Goodwill & Intangibles	42	44	47	51	56	40
Selling, General & Administrative	457	460	436	481	462	354
Other Non-Interest Expense	281	284	269	273	212	225
Total Non-Interest Expense	1,998	2,035	2,079	1,953	2,025	1,698
EBT Excluding Unusual Items	1,085	1,005	903	1,159	1,355	420
Asset Writedown	-	-	-	-	-34	-7
Other Unusual Items	-	-	-	-	-	533
Pretax Income	1,085	1,005	1,128	1,159	1,284	933
Income Tax Expense	225	211	212	247	274	76
Earnings From Continuing Operations	860	794	916	912	1,010	857
Minority Interest in Earnings	-17	-19	-19	-12	-11	-12
Net Income	843	775	897	900	999	845
Preferred Dividends & Other Adjustments	27	37	32	32	37	23
Net Income to Common	816	738	865	868	962	822
Net Income Growth	18.40%	-13.60%	-0.33%	-9.91%	18.22%	91.61%
Basic Shares Outstanding	522	540	548	535	546	432
Diluted Shares Outstanding	527	544	562	566	551	434
Shares Change (YoY)	-5.30%	-3.11%	-0.76%	2.68%	27.10%	37.40%
EPS (Basic)	1.56	1.37	1.58	1.62	1.76	1.90
EPS (Diluted)	1.55	1.36	1.54	1.53	1.74	1.89
EPS Growth	28.04%	-11.69%	0.65%	-12.07%	-7.94%	36.96%
Dividend Per Share	0.600	0.600	0.600	0.600	0.600	0.600
Dividend Growth	-	-	-	-	-	7.14%
Effective Tax Rate	20.74%	21.00%	18.79%	21.31%	21.34%	8.15%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.