FIRST HORIZON CORP

Overview

First Horizon Corporation is a U.S. bank holding company headquartered in Memphis, Tennessee. Through First Horizon Bank and related businesses, it provides commercial, consumer and small-business banking, along with wealth and trust management, brokerage, capital-markets and mortgage services. Its operations are concentrated in the southern United States; as of June 2026, the company reported 407 banking centers across 12 states.[1][2]

The company describes its purpose as helping clients, communities and associates “unlock their full potential with capital and counsel.” First Horizon traces its banking history to the First National Bank of Memphis, founded in 1864.[3]

At year-end 2025, First Horizon reported approximately 7,400 associates and $84 billion in consolidated assets.[4][1] [1]+6

Products & services

First Horizon offers personal checking and savings accounts, including Essential, Advantage and Elite checking, Traditional Savings and money-market savings. Its consumer lending products include personal loans and lines of credit, savings- or CD-secured loans, auto and credit-builder loans, home-equity lines of credit, and residential mortgages such as fixed-rate, adjustable-rate, FHA, VA and USDA loans. Digital banking features include transfers, bill payment, alerts, Zelle, card locking and mobile check deposit.[5]+3

For businesses, offerings include term loans and credit lines, equipment finance and leasing, commercial real-estate and construction loans, asset-based and mortgage-warehouse lending, and commercial mortgage financing. Treasury services cover ACH and wire payments, cash concentration, lockbox, remote deposit capture, Positive Pay and virtual-card payments; BusinessConnect and TreasuryConnect provide online access to services including payment initiation. First Horizon also provides commercial cards, investment and wealth management, financial planning, trust and asset management, and insurance services.[9]+5

In FY2025, fixed-income fees were $206 million, or about 25.8% of $797 million in consolidated noninterest income; deposit-transaction and cash-management fees were $169 million (21.2%), brokerage and management fees and commissions were $105 million (13.2%), and card and digital-banking fees were $74 million (9.3%). At year-end 2025, the $64.2 billion loan portfolio included $31.2 billion of commercial and industrial loans excluding mortgage-company loans (about 48.6%), $14.1 billion of consumer real-estate loans (22.0%), $13.6 billion of commercial real-estate loans (21.2%) and $4.7 billion of loans to mortgage companies (7.3%); percentages are calculated from rounded reported balances.[15][16] [9]+11

Geographic presence

First Horizon’s banking footprint is concentrated in the southern United States. The company describes traditional lending and deposit-taking as primarily serving customers in the southern markets where it has banking centers; certain specialty lending and wholesale businesses operate across multiple regions or nationally.[17]+2 At December 31, 2025, it reported 412 banking centers across 12 states.[20]

The company’s current branch listings include Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, New York, North Carolina, South Carolina, Tennessee, Texas, and Virginia.[21] Memphis, Tennessee, is its headquarters.[2] The 2025 Form 10-K materials reviewed do not provide a geographic breakdown of revenue, loans, deposits, or employees.[17][22] [17]+9

Business segments

For FY2025, First Horizon reported three segments under its current structure, following a 2024 reorganization and reclassification. Commercial, Consumer & Wealth provides commercial and consumer lending and deposit services, specialty lending, and wealth and related financial services. Its total revenue was $3,033 million, approximately 88.7% of consolidated revenue.[23]+2 [23]+7

Company history

First Horizon’s history traces to First National Bank of Memphis, founded by Frank S. Davis in 1864 and opened in 1865. The bank changed its name to First Tennessee in 1977 as it expanded beyond Memphis. In 2004, the parent company changed its name from First Tennessee National Corporation to First Horizon National Corporation.[30][31]

First Horizon agreed to acquire Capital Bank Financial in 2017 and completed the acquisition that November, marking a major expansion in the Southeast.[32][33] In 2019, the company announced that First Tennessee Bank and Capital Bank would adopt the First Horizon Bank name.[34] First Horizon completed its merger of equals with IBERIABANK on July 2, 2020. D. Bryan Jordan, who became president and CEO in 2008, served as chairman from 2012 until the merger and resumed the chairmanship in 2022.[35][36] [36]+6

Sources

• FIRST HORIZON CORP — Full financial report (2025 Y)
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• www.firsthorizon.com[5]
• www.firsthorizon.com[6]
• www.firsthorizon.com[7]
• www.firsthorizon.com[8]
• FIRST HORIZON CORP — Full financial report (2026 Q 1)[9]
• www.firsthorizon.com[10]
• www.firsthorizon.com[11]
• www.firsthorizon.com[12]
• www.firsthorizon.com[13]
• www.firsthorizon.com[14]
• FIRST HORIZON CORP — Presentation (2025 Y)[16]
• www.firsthorizon.com[20]
• www.firsthorizon.com[21]
• www.sec.gov[29]
• www.firsthorizon.com[30]
• ir.firsthorizon.com[31]
• ir.firsthorizon.com[32]
• ir.firsthorizon.com[33]
• ir.firsthorizon.com[34]
• ir.firsthorizon.com[35]