FIRST HORIZON CORP Earnings Summary — H2 2025

• Net Interest Income rose to $1.35 billion, a 7.3% sequential increase, supported by higher rates and loan growth.
• Non-interest income surged 52.4% year-over-year to $378 million, significantly contributing to top-line performance.
• The corporation reported a negative provision for credit losses of $5 million, reflecting strong asset quality and reserve releases.
• Total non-interest expenses increased 12% sequentially to $1.1 billion, driven by higher compensation and other operating costs.
• Net income attributable to common shareholders reached $510 million, up 38% compared to the prior half-year period.
• Pretax income margins improved to 39.7%, up from 36.2% in the previous six-month period.

Management remains focused on executing post-merger integration strategies and managing risks associated with the macroeconomic environment and interest rate volatility.

Improving

A significant rebound in revenue growth and net income, paired with a negative credit provision, indicates a strengthening financial position compared to the flat performance in 2024.

The company anticipates continued benefits from its 2020 merger with IBERIABANK and is positioned to capitalize on its expanded market presence despite potential impacts from changes in customer behavior or economic shifts.