First Horizon Corporation Releases Second Quarter 2026 Earnings Results and Investor Presentation

First Horizon Files Second Quarter 2026 Earnings Disclosure on July 15, 2026

First Horizon Corporation formally furnished its Second Quarter 2026 Earnings Release on July 15, 2026, the same date as the filing itself. The earnings release, designated as Exhibit 99.1, covers operational and financial results for the quarter ended June 30, 2026, and was released publicly on that date. This current report reflects the company's routine quarterly cadence of financial disclosure, offering investors a structured window into the bank's most recent performance period.

Accompanying the earnings release is an Investor Slide Presentation, designated as Exhibit 99.2, which covers the same quarterly period. The investor presentation was also released on July 15, 2026, and is furnished under the Regulation FD Disclosure provision, ensuring that material information disclosed to institutional investors is simultaneously made available to the broader investment public. Both exhibits speak as of their respective release dates, and the company has stated it does not assume any obligation to update the information contained within them in the future.

Securities Registered by First Horizon and Exchange Listings as of the Filing Date

First Horizon Corporation currently has multiple classes of securities registered under Section 12(b) of the Securities Exchange Act of 1934. The company's primary equity instrument is its $0.625 par value Common Capital Stock, which trades on the New York Stock Exchange under the ticker symbol FHN. In addition to common equity, First Horizon has three series of preferred depositary shares listed on the same exchange.

These preferred instruments include Depositary Shares each representing a 1/4,000th interest in a share of Non-Cumulative Perpetual Preferred Stock, Series E, trading as FHN PR E; Series F, trading as FHN PR F; and Series H, trading as FHN PR H. The non-cumulative and perpetual nature of these preferred instruments is a detail investors in preferred securities typically monitor closely, as it affects dividend treatment and the overall risk profile of these instruments relative to the company's common equity.

Non-GAAP Financial Measures Included in First Horizon's Q2 2026 Exhibits

The current report notes that certain measures included in the furnished exhibits are non-GAAP, meaning they are not presented in accordance with generally accepted accounting principles in the United States and are not codified in U.S. banking regulations currently applicable to First Horizon. Management has stated its belief that such measures are relevant to understanding the financial condition, capital position, and financial results of First Horizon and its business segments. These non-GAAP measures are also reported to the company's management and Board of Directors through various internal reports.

The non-GAAP measures included in the exhibits are identified within those exhibits, and reconciliations to the most comparable GAAP measures are presented near the end of Exhibit 99.1, the Earnings Release, and at the end of Exhibit 99.2, the Investor Slide Presentation. The company has also noted that the exhibits include forward-looking guidance with respect to certain non-GAAP financial measures, and that First Horizon is not able to reconcile these forward-looking non-GAAP measures to their most directly comparable GAAP measures without unreasonable efforts, because sufficient information is not available to determine or quantify all variables and adjustments that would be required for such reconciliations.

Regulatory Capital Measures Disclosed: CET1, Tier 1 Capital, and Risk-Weighted Assets

Beyond standard non-GAAP disclosures, the furnished exhibits also include regulatory capital measures that, while not GAAP terms, are not classified as non-GAAP under U.S. financial reporting rules, provided their presentation conforms to regulatory standards. These measures include Common Equity Tier 1 capital, referred to as CET1, which is generally defined as common equity less goodwill, other intangibles, and certain other required regulatory deductions. CET1 is a widely followed indicator of a bank's financial resilience and its capacity to absorb losses.

The disclosure also covers Tier 1 capital, generally defined as the sum of core capital — including common equity and instruments that cannot be redeemed at the option of the holder — adjusted for certain items under risk-based capital regulations. Additionally, risk-weighted assets, or RWA, are included, representing a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios. The filing notes that capital ratios for the most recent quarter are presented as estimates, which is a standard qualifier for preliminary quarterly regulatory capital disclosures by U.S. financial institutions.

Forward-Looking Statements and Key Risk Disclosures in the Q2 2026 Release

Each exhibit furnished through this report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The disclosure states that forward-looking statements are not a representation of historical information but instead pertain to future operations, strategies, financial results, or other developments. Such statements frequently use language including "believe," "expect," "anticipate," "intend," "estimate," "should," "is likely," "will," "going forward," and similar expressions indicating future events and trends.

The company has cautioned that forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, operational, economic, and competitive uncertainties and contingencies, many of which are beyond First Horizon's control. The filing specifically notes that future business decisions and actions, including acquisitions and divestitures, are subject to change and could cause actual future results and outcomes to differ materially from those contemplated or implied by forward-looking statements or historical performance. First Horizon has also stated that it assumes no obligation to update or revise any forward-looking statements made in any exhibit or other statement, release, report, or filing.

Preferred Stock Series H Depositary Shares and the Ticker Symbol FHN-PH

The filing specifically identifies the Depositary Shares, each representing a 1/4,000th interest in a share of Non-Cumulative Perpetual Preferred Stock, Series H, as one of the securities registered under Section 12(b) of the Exchange Act. These shares trade on the New York Stock Exchange under the symbol FHN PR H, and are referenced in market data contexts by variants including FHN-PH. Preferred share investors tracking this particular series would find this current report relevant as it represents the company's most recent public update on financial results.

As a Non-Cumulative Perpetual Preferred instrument, the Series H shares do not accumulate unpaid dividends, which distinguishes them from cumulative preferred securities. Investors in preferred shares of financial institutions frequently monitor issuer earnings results and regulatory capital levels closely, as these factors can influence the company's ability and decision to pay preferred dividends each period. The company did not disclose specific dividend declarations or preferred share payment details in this particular current report filing; those details, if any, would be contained within the detailed exhibits.

First Horizon's Corporate Structure and Principal Executive Offices

First Horizon Corporation is incorporated in the State of Tennessee and is headquartered at 165 Madison Avenue, Memphis, Tennessee 38103. The company's Commission File Number is 001-15185, and its I.R.S. Employer Identification Number is 62-0803242. First Horizon is not classified as an emerging growth company as defined under applicable Securities Act and Exchange Act rules, meaning it is subject to the full range of reporting and accounting standards applicable to large established registrants.

The company's Central Index Key with the Commission is 0000036966. As a Tennessee-chartered financial holding company with multiple classes of exchange-listed securities, First Horizon is subject to ongoing reporting obligations across its common equity and preferred share instruments. The quarterly earnings disclosure cycle reflected in this report is part of the company's standard regulatory and investor communications cadence, and the furnished exhibits represent the primary mechanism through which detailed financial data is communicated to the market each quarter.

Exhibit Structure and the Furnished vs. Filed Distinction in This Report

An important technical detail highlighted in the current report is the distinction between exhibits that are "furnished" versus those that are formally "filed" with the Commission. Exhibits 99.1 and 99.2, comprising the earnings release and investor slide presentation respectively, are furnished pursuant to Items 2.02 and 7.01 and are expressly stated not to be considered "filed" under the Securities Exchange Act of 1934, as amended. This distinction carries legal significance: furnished exhibits are not subject to the same liability standards as filed documents and shall not be incorporated by reference into any of First Horizon's previous or future filings under the Securities Act of 1933 or the Exchange Act.

The report also lists Exhibit 104, a Cover Page Interactive Data File formatted in Inline XBRL, which is a standard machine-readable data file accompanying current reports. The XBRL-formatted cover page enables regulators and data aggregators to electronically process key identifying information from the filing. Investors and analysts accessing the raw data through financial data terminals or regulatory databases will typically be able to retrieve structured data from this exhibit alongside the narrative content of the earnings release and investor slide presentation.

Use of Non-GAAP Guidance and Comparability Across Banking Peers

The report emphasizes that while other financial institutions may use calculation methods that differ from those used by First Horizon for non-GAAP measures, management views these measures as relevant to understanding the company's financial condition, capital position, and the results of its business segments. This is a common disclosure framework among U.S. regional banks, where non-GAAP metrics such as adjusted return on tangible common equity, adjusted efficiency ratios, and tangible book value per share are frequently used by investors for peer comparison purposes.

The inclusion of regulatory capital measures such as CET1 and Tier 1 ratios alongside non-GAAP operating metrics allows investors and analysts to assess First Horizon on both a GAAP-adjusted operational basis and a regulatory capital adequacy basis. The disclosure notes that presentation of regulatory measures, even those which are not GAAP, provides a meaningful basis for comparability to other financial institutions subject to the same regulations as First Horizon, as demonstrated by their use by banking regulators in reviewing capital adequacy. Investors seeking full quantitative details are directed to the detailed exhibits furnished alongside this report.

Rounding and EPS Presentation Notes in First Horizon's Q2 2026 Materials

The current report includes a standard note that throughout each exhibit, numbers may not total due to rounding, and that references to earnings per share, or EPS, are on a fully diluted basis. This is a standard disclosure practice for quarterly earnings materials, ensuring that readers understand that minor numerical discrepancies across tables and summaries in the exhibits are attributable to rounding conventions rather than errors in the underlying financial data.

The clarification that capital ratios for the most recent quarter are presented as estimates is also noteworthy. Preliminary regulatory capital figures are common in initial quarterly earnings releases before the final regulatory filings are completed, and are subject to adjustment in subsequent formal regulatory reports. Investors and analysts modeling First Horizon's capital trajectory based on these preliminary figures should account for the possibility of minor revisions as final regulatory submissions are processed in the weeks following the earnings release date of July 15, 2026.