Profit jumps 21% at First Horizon (NYSE: FHN) in Q1 2026

Q: How do First Horizon’s Q1 2026 results compare to the prior year?

Net income available to common shareholders increased 21% year-over-year from $213 million to $257 million , while diluted EPS rose from $0.41 to $0.53 . Return on average tangible common equity improved from 12.8% to 15.1% , reflecting stronger profitability.

Q: What were First Horizon’s key profitability metrics in Q1 2026?

First Horizon generated a net interest margin of 3.52% , an efficiency ratio of 58.54% , ROA of 1.30% , and ROTCE of 15.1% . Adjusted ROTCE also measured 15.1% , supported by solid revenue and expense discipline across business segments.

Q: How did asset quality trend for First Horizon in Q1 2026?

Asset quality remained stable, with net charge-offs of $29 million and a net charge-off ratio of 0.18% . Nonperforming loans totaled $606 million , representing 0.94% of loans and leases, while the allowance for credit losses was 1.28% of loans.

Q: What is First Horizon’s capital position after Q1 2026?

First Horizon reported a 10.5% common equity tier 1 (CET1) ratio, total capital ratio of 13.7% , and tier 1 leverage ratio of 10.6% . Risk-weighted assets were $73.3 billion , supporting continued growth and capital returns to shareholders.

Q: Did First Horizon return capital to shareholders in Q1 2026?

Yes. First Horizon repurchased $233 million of common stock at an average price of $24.54 per share, including commissions. The company also declared a quarterly common dividend of $0.17 per share, up from $0.15 per share a year earlier.

Q: What were First Horizon’s loan and deposit levels in Q1 2026?

Period-end loans and leases were $64.4 billion , up from $64.2 billion in the prior quarter, while total deposits were $66.5 billion . The loans-to-deposits ratio stood at 96.83% , indicating a relatively fully deployed balance sheet.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

First Horizon Corporation reported strong first quarter 2026 results, with net income available to common shareholders of $257 million and diluted EPS of $0.53, up from $0.41 a year earlier. Net interest income was $667 million, while total revenue reached $862 million, rising 6% year-over-year. Return on average tangible common equity improved to 15.1%, reflecting better profitability. Asset quality remained stable, with a net charge-off ratio of 0.18% and nonperforming loans at 0.94% of loans. The CET1 capital ratio was 10.5%, and the company returned capital to shareholders through $233 million of share repurchases in the quarter.

Positive

Strong earnings growth: Net income available to common shareholders rose 21% year-over-year to $257 million and diluted EPS increased from $0.41 to $0.53, indicating materially improved profitability.
High returns on capital: Return on average tangible common equity reached 15.1%, with adjusted ROTCE also at 15.1% and ROA at 1.30%, signaling efficient capital use.
Capital strength with buybacks: CET1 of 10.5% and risk-weighted assets of $73.3 billion supported $233 million of share repurchases at an average price of $24.54, while maintaining regulatory capital ratios.

Negative

None.

Insights

First Horizon posts double-digit profit growth with strong returns.

First Horizon delivered net income available to common shareholders of $257 million and diluted EPS of $0.53, up from $0.41 a year earlier. Total revenue grew to $862 million, supported by a 3.52% net interest margin and disciplined expenses.

Profitability metrics were robust, with reported ROTCE at 15.1% and the efficiency ratio improving to 58.54%. Credit costs stayed contained: provision for credit losses was $15 million, net charge-offs were $29 million, and nonperforming loans were $606 million, or 0.94% of loans.

Capital and balance sheet metrics remained solid. CET1 was 10.5% and risk-weighted assets were $73.3 billion. The company deployed capital into loan growth and executed $233 million of share repurchases at an average price of $24.54 per share. Subsequent filings may provide more detail on trends through 2026.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income available to common shareholders: $257 million Diluted EPS: $0.53 Total revenue: $862 million +5 more

8 metrics

Net income available to common shareholders $257 million Q1 2026, up 21% year-over-year from $213 million

Diluted EPS $0.53 Q1 2026, up from $0.41 in Q1 2025

Total revenue $862 million Q1 2026, compared with $812 million in Q1 2025

Net interest margin 3.52% Q1 2026, up 10 basis points year-over-year

Return on average tangible common equity 15.1% Q1 2026, improved from 12.8% in Q1 2025

Common Equity Tier 1 ratio 10.5% Q1 2026 capital ratio estimate

Share repurchases $233 million Q1 2026, average price $24.54 per share including commissions

Total assets $84.1 billion Period-end as of March 31, 2026

Key Terms

net interest margin, return on average tangible common equity, Common Equity Tier 1 capital (CET1), allowance for credit losses, +2 more

6 terms

net interest margin financial

"Net interest income (FTE) decreased $9 million to $670 million and net interest margin of 3.52% increased 1 basis point."

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

return on average tangible common equity financial

"Return on tangible common equity grew to 15.1% in the quarter."

A profitability ratio that shows how much profit common shareholders earn from the bank’s tangible equity — the shareholder capital left after removing goodwill, intangible assets and preferred stock — averaged over a period. Investors use it like a yield on the company’s real, hard capital to judge how efficiently management turns those tangible resources into earnings and to compare returns across banks or over time.

Common Equity Tier 1 capital (CET1) financial

"CET1 ratio was 10.53%, a 10 basis point decline from the fourth quarter 2025."

allowance for credit losses financial

"The ACL to loans ratio decreased from 1.31% in fourth quarter 2025 to 1.28%, driven by the continued positive resolution of non-pass loans."

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

pre-provision net revenue financial

"Pre-provision net revenue 3 was $357 million, up from $343 million in the prior quarter."

Pre-provision net revenue is a bank’s income from core operations — interest earned minus interest paid plus fees and other operating income, after operating costs — measured before setting aside funds for potential loan losses. Investors use it to gauge how well a bank’s everyday business generates money independent of one-time loss reserves, like judging a store’s sales and operating profit before accounting for an expected number of returned items.

risk-weighted assets financial

"Risk-weighted assets ("RWA") (billions)* were $73.3 in Q1 2026."

Risk-weighted assets are a bank’s assets (like loans and investments) adjusted by how risky regulators consider each one, so safer items count less and riskier items count more. Think of it as packing a suitcase where heavy, fragile items take up more “real” space; higher risk-weighted assets mean a bank must hold more capital as a cushion. Investors watch this because it affects a bank’s safety, regulatory limits and ability to lend or return money to shareholders.

Earnings Snapshot

Net income available to common shareholders: $257 million

Q1 2026

Net income available to common shareholders $257 million +21% year-over-year

Diluted EPS $0.53 +29% year-over-year

Total revenue $862 million +6% year-over-year

Net interest income $667 million +6% year-over-year

Return on average tangible common equity 15.1% +231 basis points year-over-year

Understanding 8-K Material Events →

04/15/2026 - 06:32 AM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________________________

FORM 8-K

_____________________________________

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

April 15, 2026

Date of Report (date of earliest event reported)

(Exact name of registrant as specified in its charter)


TN	001-15185		62-0803242
(State or other jurisdiction of incorporation)	(Commission File Number)		(I.R.S. Employer Identification No.)

165 Madison Avenue	Memphis,	Tennessee	38103
(Address of Principal Executive Offices)			(Zip Code)

(Registrant's telephone number, including area code) (901) 523-4444

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of Each Class	Trading Symbol(s)	Name of Exchange on which Registered
$0.625 Par Value Common Capital Stock	FHN	New York Stock Exchange LLC


Depositary Shares, each representing a 1/400th interest in	FHN PR C	New York Stock Exchange LLC
a share of Non-Cumulative Perpetual Preferred Stock, Series C*
Depositary Shares, each representing a 1/4,000th interest in	FHN PR E	New York Stock Exchange LLC
a share of Non-Cumulative Perpetual Preferred Stock, Series E
Depositary Shares, each representing a 1/4,000th interest in	FHN PR F	New York Stock Exchange LLC
a share of Non-Cumulative Perpetual Preferred Stock, Series F
Depositary Shares, each representing a 1/4,000th interest in	FHN PR H	New York Stock Exchange LLC
a share of Non-Cumulative Perpetual Preferred Stock, Series H

*On April 1, 2026, all shares of Series C Preferred Stock were called for redemption effective May 1, 2026. That redemption will result in the redemption, suspension from trading, and delisting of the related Series C Depositary Shares.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

ITEM 2.02. Results of Operations and Financial Condition.

Furnished as Exhibit 99.1 is a copy of the First Horizon Corporation (“FHN” or "First Horizon") First Quarter 2026 Earnings Release, released today.

ITEM 7.01. Regulation FD Disclosure.

Furnished as Exhibit 99.2 is a copy of the Investor Slide Presentation for the quarter ended March 31, 2026, released today.

Exhibits 99.1 and 99.2 are furnished pursuant to Item 2.02, “Results of Operations and Financial Condition” and Item 7.01, “Regulation FD Disclosure,” respectively. The exhibits speak as of the date thereof, and FHN does not assume any obligation to update in the future the information therein.

Use of Non-GAAP Measures and Regulatory Measures that are not GAAP in the Exhibits

Certain measures included in the exhibits furnished by this report are “non-GAAP,” meaning they are not presented in accordance with generally accepted accounting principles in the U.S. and also are not codified in U.S. banking regulations currently applicable to FHN. Although other entities may use calculation methods that differ from those used by FHN for non-GAAP measures, FHN’s management believes such measures are relevant to understanding the financial condition, capital position, and financial results of FHN and its business segments. Non-GAAP measures are reported to FHN’s management and Board of Directors through various internal reports.

The non-GAAP measures included in the exhibits furnished by this report are identified in the exhibits and in the reconciliations to GAAP measures. Reconciliations of non-GAAP to GAAP measures and presentation of the most comparable GAAP items are presented near the end (immediately before the Glossary) of Exhibit 99.1-Earnings Release and at the end of Exhibit 99.2-Investor Slide Presentation. The exhibits furnished by this report also include forward-looking guidance with respect to certain non-GAAP financial measures. FHN 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 and quantify, or to estimate the probable significance of, all of the variables and adjustments that would be needed for such reconciliations.

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 FHN, as demonstrated by their use by banking regulators in reviewing capital adequacy of financial institutions. Although not GAAP terms, these regulatory measures are not considered “non-GAAP” under U.S. financial reporting rules as long as their presentation conforms to regulatory standards. Regulatory measures included in the measures furnished by this report include: common equity tier 1 capital ("CET1"), generally defined as common equity less goodwill, other intangibles, and certain other required regulatory deductions; 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; and risk-weighted assets ("RWA"), which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios.

Forward-Looking Statements

Each exhibit furnished by this report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to FHN's beliefs, plans, goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results, or other developments. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “should,” “is likely,” “will,” “going forward,” and other similar expressions that indicate future events and trends. 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 FHN’s control, and many of which, with respect to future business decisions and actions (including acquisitions and divestitures), are subject to change and could cause FHN’s actual future results and outcomes to differ materially from those contemplated or implied by forward-looking statements or historical performance. While there is no assurance that any list of uncertainties and contingencies is complete, examples of factors which could cause actual results to differ from those contemplated by forward-looking statements or historical performance include those mentioned: in each exhibit; in the forepart, and in Items 1, 1A, and 7, of FHN’s most recent Annual Report on Form 10-K; and in the forepart, and in Item 1A of Part II, of FHN’s Quarterly Report(s) on Form 10-Q filed after that Annual Report. Any forward-looking statements made by or on behalf of FHN speak only as of the date they are made and FHN assumes no obligation to update or revise any forward-looking statements that are made in any exhibit or in any other statement, release, report, or filing from time to time. Actual results could differ, and expectations could change, possibly materially, because of one or more factors, including those factors listed in the documents mentioned above, and other factors not listed. Throughout each exhibit, numbers may not total due to rounding, references to EPS are fully diluted and capital ratios for the most recent quarter are estimates.


FIRST HORIZON CORPORATION			2			FORM 8-K CURRENT REPORT 4/15/2026

ITEM 9.01. Financial Statements and Exhibits.

(d)Exhibits

Each of the following Exhibits 99.1 and 99.2, furnished pursuant to Items 2.02 and 7.01, respectively, is not to be considered “filed” under the Securities Exchange Act of 1934, as amended (“Exchange Act”), and shall not be incorporated by reference into any of FHN’s previous or future filings under the Securities Act of 1933, as amended, or the Exchange Act.


Exhibit #						Description

99.1						First Horizon Corporation First Quarter 2026 Earnings Release
99.2						Investor Slide Presentation for First Quarter 2026 Earnings
104						Cover Page Interactive Data File, formatted in Inline XBRL


FIRST HORIZON CORPORATION			3			FORM 8-K CURRENT REPORT 4/15/2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FIRST HORIZON CORPORATION

(Registrant)

Date:

April 15, 2026

By:

/s/ Hope Dmuchowski

Name:

Hope Dmuchowski

Title:

Senior Executive Vice President—Chief Financial Officer

(Duly Authorized Officer and Principal Financial Officer)


FIRST HORIZON CORPORATION			4			FORM 8-K CURRENT REPORT 4/15/2026

First Horizon Corporation Delivers Strong First Quarter 2026 Results

with Net Income Available to Common Shareholders of $257 Million, up 21% year-over-year

and EPS of $0.53, up $0.12 from First Quarter 2025

MEMPHIS, TN (April 15, 2026) – First Horizon Corporation (NYSE: FHN or “First Horizon”) today reported first quarter net income available to common shareholders ("NIAC") of $257 million or earnings per share of $0.53, compared with fourth quarter 2025 NIAC of $257 million or earnings per share of $0.52 and first quarter 2025 NIAC of $213 million or earnings per share of $0.41. Return on tangible common equity grew to 15.1% in the quarter.*

"We are pleased to deliver adjusted return on tangible common equity* of 15%+ for the third consecutive quarter, a key measure of value creation for shareholders," said Chairman, President and CEO Bryan Jordan. "These results reflect disciplined execution across our footprint and lines of business."

Jordan continued, "Year-over-year, tangible book value per share* increased 9% and net income available to common shareholders grew 21%. We achieved this by creating revenue through relationship banking, maintaining expense discipline, and executing with a strong credit culture. Safety and soundness, profitability, and growth remain our top priorities to create meaningful value for our clients, communities, and shareholders."

Notable Items


Notable Items
Quarterly, Unaudited ($ in millions, except per share data)	1Q26		4Q25		1Q25
Summary of Notable Items:







FDIC special assessment (other noninterest expense)	$	—	$	7	$	(1)
Other notable expenses	—		(10)		(5)
Total notable items (pre-tax)	$	—	$	(3)	$	(6)
Tax on notable items before preferred stock dividends	$	—	$	1	$	1

Total notable items (after-tax)	$	—	$	(2)	$	(4)

Numbers may not total due to rounding.

* "Adjusted" results, along with return on tangible common equity, tangible book value per share, and certain other financial measures, are
non-GAAP financial measures. All references to loans include leases. All references to earnings per share are based on diluted shares. NII, total revenue, NIM, and PPNR are presented on a fully taxable equivalent ("FTE") basis. Capital ratios are preliminary. Please see page 4 for information on our use of non-GAAP measures and a reconciliation of these measures to GAAP beginning on page 20.

First Quarter 2026 versus Fourth Quarter 2025

Net interest income

Net interest income (FTE) decreased $9 million to $670 million and net interest margin of 3.52% increased 1 basis point. The NII decrease was primarily driven by day count changes from the prior quarter. Deposit repricing performance offset declines in loan yields to expand net interest margin.

Noninterest income

Noninterest income decreased $18 million to $195 million, driven by decreases of $6 million in service charges,

$5 million in deferred compensation income, and $4 million in fixed income.

Noninterest expense

Noninterest expense of $505 million decreased $40 million from the prior quarter. This includes a $26 million decrease in outside services, primarily driven by technology projects completed in the prior quarter and seasonally reduced marketing expenses, an $8 million decrease in incentives and commissions expenses related to accruals in the prior quarter, and a $5 million decrease in deferred compensation expenses.

Loans and leases

Average loan and lease balances of $63.2 billion decreased $240 million from the prior quarter, while period-end balances were $64.4 billion, up $221 million from fourth quarter 2025. Loans to mortgage companies (LMC) declined by $62 million at period-end, and other C&I balances increased by $624 million. The increase in C&I balances was partially offset by declines in consumer and CRE loan balances. Loan yields of 5.68% decreased 15 basis points, driven by the 25 basis point Fed rate cut in December 2025.

Deposits

Average deposits of $66.2 billion decreased $332 million from fourth quarter 2025. Period-end deposits of $66.5 billion decreased $1.0 billion, driven by a $1.1 billion decrease in interest bearing deposits. Interest-bearing deposit cost of 2.28% decreased 25 basis points from the prior quarter, with a spot rate of approximately 2.27% at the end of the quarter.

Asset quality

Provision for credit losses expense was $15 million, compared to zero in fourth quarter 2025. Net charge-offs were $29 million or 18 basis points, down slightly from $30 million or 19 basis points in the prior quarter. Nonperforming loans of $606 million increased $2 million. The ACL to loans ratio decreased from 1.31% in fourth quarter 2025 to 1.28%, driven by the continued positive resolution of non-pass loans, which are down over 20% year-over-year.

Capital

CET1 ratio was 10.53%, a 10 basis point decline from the fourth quarter 2025. Capital was deployed into loan growth as well as share repurchases, which totaled $233 million at an average price of $24.54 per share including commissions. Tier 1 and total capital ratios increased from the previous quarter, driven by the $400 million Series H Preferred Stock issuance in March 2026.

Income taxes

The first quarter 2026 tax rate was 22.2%, compared to an effective tax rate of 22.6% and an adjusted tax rate of 22.7% in the previous quarter.


SUMMARY RESULTS
Quarterly, Unaudited

										1Q26 Change vs.
($ in millions, except per share and balance sheet data)	1Q26			4Q25			1Q25			4Q25					1Q25
										$/bp			%		$/bp			%
Income Statement
Interest income - taxable equivalent1	$	1,008		$	1,054		$	1,017		$	(47)		(4)	%	$	(10)		(1)	%
Interest expense- taxable equivalent1	337			375			383			(38)			(10)		(46)			(12)
Net interest income- taxable equivalent	670			679			634			(9)			(1)		36			6
Less: Taxable-equivalent adjustment	3			3			3			—			(10)		—			(12)
Net interest income	667			676			631			(9)			(1)		36			6
Noninterest income	195			212			181			(18)			(8)		13			7
Total revenue	862			888			812			(26)			(3)		50			6
Noninterest expense	505			545			488			(40)			(7)		17			4
Pre-provision net revenue3	357			343			325			14			4		32			10
Provision for credit losses	15			—			40			15			NM		(25)			(63)
Income before income taxes	342			343			285			(1)			—		57			20
Provision for income taxes	76			78			63			(2)			(2)		13			22
Net income	266			266			222			—			—		44			20
Net income attributable to noncontrolling interest	3			4			4			—			(12)		(1)			(14)
Net income attributable to controlling interest	263			262			218			1			—		44			20
Preferred stock dividends	5			5			5			—			—		—			—
Net income available to common shareholders	$	257		$	257		$	213		$	1		—	%	$	44		21	%

Adjusted net income4	$	266		$	268		$	227		$	(2)		(1)	%	$	39		17	%
Adjusted net income available to common shareholders4	$	257		$	259		$	217		$	(2)		(1)	%	$	40		18	%
Common stock information
EPS	$	0.53		$	0.52		$	0.41		$	0.01		2	%	$	0.12		29	%
Adjusted EPS4	$	0.53		$	0.52		$	0.42		$	0.01		2	%	$	0.11		26	%


Diluted shares8	487			496			523			(10)			(2)	%	(37)			(7)	%
Key performance metrics
Net interest margin6	3.52		%	3.51		%	3.42		%	1		bp			10		bp

Efficiency ratio	58.54			61.33			60.06			(279)		bp			(152)		bp
Adjusted efficiency ratio4	58.34			60.73			59.09			(239)		bp			(75)		bp
Effective income tax rate	22.21			22.64			21.96			(43)		bp			25		bp
Return on average assets	1.30			1.27			1.11			3		bp			19		bp
Adjusted return on average assets4	1.30			1.28			1.14			2		bp			16		bp
Return on average common equity (“ROCE")	12.3			12.0			10.3			27		bp			196		bp

Return on average tangible common equity (“ROTCE”)4	15.1			14.8			12.8			31		bp			231		bp
Adjusted ROTCE4	15.1			15.0			13.1			16		bp			204		bp
Noninterest income as a % of total revenue	22.63			23.89			22.29			(126)		bp			34		bp
Adjusted noninterest income as a % of total revenue4	22.55		%	23.80		%	22.20		%	(125)		bp			35		bp
Balance Sheet (billions)
Average loans	$	63.2		$	63.4		$	61.6		$	(0.2)		—	%	$	1.5		3	%
Average deposits	66.2			66.5			64.5			(0.3)			—		1.7			3
Average assets	83.0			83.1			81.0			—			—		2.1			3
Average common equity	$	8.5		$	8.5		$	8.4		$	—		—	%	$	0.1		1	%
Asset Quality Highlights

Allowance for credit losses to loans and leases4	1.28		%	1.31		%	1.45		%	(3)		bp			(17)		bp

Nonperforming loans and leases ratio	0.94		%	0.94		%	0.98		%	—		bp			(4)		bp
Net charge-off ratio	0.18		%	0.19		%	0.19		%	(1)		bp			(1)		bp
Net charge-offs	$	29		$	30		$	29		$	(2)		(6)	%	$	—		(2)	%
Capital Ratio Highlights (current quarter is an estimate)



Common Equity Tier 1	10.5		%	10.6		%	10.9		%	(10)		bp			(40)		bp
Tier 1	11.9			11.5			11.9			44		bp			—		bp
Total Capital	13.7			13.3			14.1			39		bp			(32)		bp
Tier 1 leverage	10.6		%	10.2		%	10.5		%	44		bp			14		bp

Numbers may not total due to rounding.

See footnote disclosures on page 19 and glossary of terms on page 25.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to FHN's beliefs, plans, goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results, or other developments. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “should,” “is likely,” “will,” “going forward,” and other similar expressions that indicate future events and trends. 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 FHN’s control, and many of which, with respect to future business decisions and actions (including acquisitions and divestitures), are subject to change and could cause FHN’s actual future results and outcomes to differ materially from those contemplated or implied by forward-looking statements or historical performance. While there is no assurance that any list of uncertainties and contingencies is complete, examples of factors which could cause actual results to differ from those contemplated by forward-looking statements or historical performance include those mentioned: in this document; in Items 2.02 and 7.01 of FHN’s Current Report on Form 8-K to which this document has been furnished as an exhibit; in the forepart, and in Items 1, 1A, and 7, of FHN’s most recent Annual Report on Form 10-K; and in the forepart, and in Item 1A of Part II, of FHN’s Quarterly Report(s) on Form 10-Q filed after that Annual Report. Any forward-looking statements made by or on behalf of FHN speak only as of the date they are made, and FHN assumes no obligation to update or revise any forward-looking statements that are made in this document or in any other statement, release, report, or filing from time to time. Actual results could differ and expectations could change, possibly materially, because of one or more factors, including those factors listed in this document or the documents mentioned above, and other factors not listed.

Throughout this document, numbers may not total due to rounding, references to EPS are fully diluted, and capital ratios for the most recent quarter are estimates.

Use of non-GAAP Measures and Regulatory Measures that are not GAAP

Certain measures included in this report are “non-GAAP,” meaning they are not presented in accordance with generally accepted accounting principles in the U.S. and also are not codified in U.S. banking regulations currently applicable to FHN. Although other entities may use calculation methods that differ from those used by FHN for non-GAAP measures, FHN’s management believes such measures are relevant to understanding the financial condition, capital position, and financial results of FHN and its business segments. Non-GAAP measures are reported to FHN’s management and Board of Directors through various internal reports.

The non-GAAP measures presented in this earnings release are fully taxable equivalent measures, pre-provision net revenue ("PPNR"), return on average tangible common equity (“ROTCE”), tangible common equity (“TCE”) to tangible assets (“TA”), tangible book value ("TBV") per common share, and various consolidated and segment results and performance measures and ratios adjusted for notable items.

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 FHN, as demonstrated by their use by banking regulators in reviewing capital adequacy of financial institutions. Although not GAAP terms, these regulatory measures are not considered “non-GAAP” under U.S. financial reporting rules as long as their presentation conforms to regulatory standards. Regulatory measures used in this financial supplement include: common equity tier 1 capital ("CET1"), generally defined as common equity less goodwill, other intangibles, and certain other required regulatory deductions; 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; and risk-weighted assets, which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios.

Refer to the tabular reconciliation of non-GAAP to GAAP measures and presentation of the most comparable GAAP items, beginning on page 20.

Conference Call Information

Analysts, investors and interested parties may call toll-free starting at 8:15 a.m. CT on April 15, 2026, by dialing 1-833-470-1428 (if calling from the U.S.) and entering access code 672268. The conference call will begin at 8:30 a.m. CT.

Participants can also opt to listen to the live audio webcast at https://ir.firsthorizon.com/events-and-presentations/default.aspx.

A replay of the call will be available beginning at noon CT on April 15 until midnight CT on April 29, 2026. To listen to the replay, dial 1-866-813-9403 (U.S. callers); the access code is 513284. A replay of the webcast will also be available on our website on April 15 and will be archived on the site for one year.

First Horizon Corporation (NYSE: FHN), with $84.1 billion in assets as of March 31, 2026, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

Contact: Investor Relations - Tyler Craft - Tyler.Craft@firsthorizon.com

Media Relations - Beth Ardoin - Beth.Ardoin@firsthorizon.com


CONSOLIDATED INCOME STATEMENT
Quarterly, Unaudited

																1Q26 Change vs.
($ in millions, except per share data)	1Q26			4Q25			3Q25			2Q25			1Q25			4Q25				1Q25
																$		%		$		%
Interest income - taxable equivalent1	$	1,008		$	1,054		$	1,081		$	1,047		$	1,017		$	(47)	(4)	%	$	(10)	(1)	%
Interest expense- taxable equivalent1	337			375			403			403			383			(38)		(10)		(46)		(12)
Net interest income- taxable equivalent	670			679			678			645			634			(9)		(1)		36		6
Less: Taxable-equivalent adjustment	3			3			3			4			3			—		(10)		—		(12)
Net interest income	667			676			674			641			631			(9)		(1)		36		6
Noninterest income:
Fixed income	53			57			57			42			49			(4)		(7)		4		8
Mortgage banking	9			10			15			10			8			(1)		(10)		1		13
Brokerage, trust, and insurance	43			41			39			39			38			1		3		5		12
Service charges and fees	58			64			57			55			52			(6)		(9)		6		11
Card and digital banking fees	18			18			19			19			18			—		(1)		1		4
Deferred compensation income9	(3)			3			8			8			(3)			(5)		NM		—		(1)

Securities gains/(losses)	(1)			—			—			—			—			(1)		NM		(1)		NM
Other noninterest income	16			18			19			16			18			(2)		(11)		(2)		(11)
Total noninterest income	195			212			215			189			181			(18)		(8)		13		7
Total revenue	862			888			889			830			812			(26)		(3)		50		6
Noninterest expense:
Personnel expense:
Salaries and benefits	211			213			209			206			201			(2)		(1)		10		5
Incentives and commissions	79			87			79			73			81			(8)		(9)		(1)		(2)
Deferred compensation expense9	(2)			3			8			3			(3)			(5)		NM		1		47
Total personnel expense	289			303			296			282			279			(14)		(5)		10		4
Occupancy and equipment2	84			83			80			79			78			1		2		6		8
Outside services	69			95			79			71			63			(26)		(27)		6		9
Amortization of intangible assets	8			9			9			10			10			(1)		(8)		(2)		(16)
Other noninterest expense	55			55			87			50			58			—		—		(3)		(5)
Total noninterest expense	505			545			551			491			488			(40)		(7)		17		4
Pre-provision net revenue3	357			343			339			339			325			14		4		32		10
Provision for credit losses	15			—			(5)			30			40			15		NM		(25)		(63)
Income before income taxes	342			343			344			309			285			(1)		—		57		20
Provision for income taxes	76			78			78			64			63			(2)		(2)		13		22
Net income	266			266			266			244			222			—		—		44		20
Net income attributable to noncontrolling interest	3			4			4			4			4			—		(12)		(1)		(14)
Net income attributable to controlling interest	263			262			262			240			218			1		—		44		20
Preferred stock dividends	5			5			8			8			5			—		—		—		—
Net income available to common shareholders	$	257		$	257		$	254		$	233		$	213		$	1	—	%	$	44	21	%
Common Share Data
EPS	$	0.54		$	0.52		$	0.50		$	0.46		$	0.41		$	0.02	4	%	$	0.13	32	%
Basic shares	480			491			505			508			517			(10)		(2)		(37)		(7)
Diluted EPS	$	0.53		$	0.52		$	0.50		$	0.45		$	0.41		$	0.01	2		$	0.12	29
Diluted shares8	487			496			510			514			523			(10)		(2)	%	(37)		(7)	%

Effective tax rate	22.2		%	22.6		%	22.7		%	20.8		%	22.0		%

Numbers may not total due to rounding.

See footnote disclosures on page 19 and glossary of terms on page 25.


ADJUSTED4 FINANCIAL DATA - SEE NOTABLE ITEMS ON PAGE 8
Quarterly, Unaudited


																1Q26 Change vs.
($ in millions, except per share data)	1Q26			4Q25			3Q25			2Q25			1Q25			4Q25				1Q25
																$		%		$		%


Net interest income (FTE)1	$	670		$	679		$	678		$	645		$	634		$	(9)	(1)	%	$	36	6	%
Adjusted noninterest income:
Fixed income	53			57			57			42			49			(4)		(7)		4		8
Mortgage banking	9			10			15			10			8			(1)		(10)		1		13
Brokerage, trust, and insurance	43			41			39			39			38			1		3		5		12
Service charges and fees	58			64			57			55			52			(6)		(9)		6		11
Card and digital banking fees	18			18			19			19			18			—		(1)		1		4
Deferred compensation income9	(3)			3			8			8			(3)			(5)		NM		—		(1)

Adjusted securities gains/(losses)	(1)			—			—			—			—			(1)		NM		(1)		NM
Adjusted other noninterest income	16			18			19			16			18			(2)		(11)		(2)		(11)
Adjusted total noninterest income	$	195		$	212		$	215		$	189		$	181		$	(18)	(8)	%	$	13	7	%
Total revenue (FTE)1	$	865		$	892		$	893		$	833		$	816		$	(26)	(3)	%	$	49	6	%

Adjusted noninterest expense:
Adjusted personnel expense:
Adjusted salaries and benefits	$	211		$	213		$	209		$	206		$	201		$	(2)	(1)	%	$	10	5	%
Adjusted Incentives and commissions	79			87			79			73			81			(8)		(9)		(1)		(2)
Deferred compensation expense9	(2)			3			8			7			(3)			(5)		NM		1		47
Adjusted total personnel expense	289			303			296			286			279			(14)		(5)		10		4
Adjusted occupancy and equipment2	84			83			80			79			78			1		2		6		8
Adjusted outside services	69			95			79			71			63			(26)		(27)		6		9
Amortization of intangible assets	8			9			9			10			10			(1)		(8)		(2)		(16)
Adjusted other noninterest expense	55			52			79			50			52			3		6		3		6
Adjusted total noninterest expense	$	505		$	541		$	542		$	495		$	482		$	(36)	(7)	%	$	23	5	%

Adjusted pre-provision net revenue4	$	360		$	350		$	351		$	338		$	334		$	10	3	%	$	26	8	%

Provision for credit losses	$	15		$	—		$	(5)		$	30		$	40		$	15	NM		$	(25)	(63)	%







Adjusted net income available to common shareholders	$	257		$	259		$	263		$	229		$	217		$	(2)	(1)	%	$	40	18	%

Adjusted Common Share Data


Adjusted diluted EPS	$	0.53		$	0.52		$	0.51		$	0.45		$	0.42		$	0.01	2	%	$	0.11	26	%
Diluted shares8	487			496			510			514			523			(10)		(2)	%	(37)		(7)	%

Adjusted effective tax rate	22.2		%	22.7		%	22.7		%	20.8		%	22.0		%
Adjusted ROTCE4	15.1		%	15.0		%	15.0		%	13.6		%	13.1		%
Adjusted efficiency ratio4	58.3		%	60.7		%	60.8		%	59.5		%	59.1		%

Numbers may not total due to rounding.

See footnote disclosures on page 19 and glossary of terms on page 25.


NOTABLE ITEMS
Quarterly, Unaudited


(In millions)	1Q26		4Q25		3Q25		2Q25		1Q25
Summary of Notable Items:






Deferred compensation adjustment	$	—	$	—	$	—	$	4	$	—
FDIC special assessment (other noninterest expense)	—		7		2		1		(1)
Other notable expenses *	—		(10)		(10)		—		(5)
Total notable items (pre-tax)	$	—	$	(3)	$	(8)	$	4	$	(6)
Tax-related notable items	$	—	$	—	$	—	$	—	$	—
Preferred Stock Dividend **	$	—	$	—	$	(3)	$	—	$	—

Numbers may not total due to rounding.

* 4Q25 and 3Q25 each include $10 million of Visa derivative valuation expenses and 1Q25 includes $5 million.

** 3Q25 includes $3 million deemed dividends on the redemption of $80 million par value of Series B Preferred Stock.


IMPACT OF NOTABLE ITEMS:
Quarterly, Unaudited



($ in millions, except per share data)	1Q26		4Q25		3Q25		2Q25		1Q25
Impacts of Notable Items:
















Noninterest expense:
Personnel expenses:


Deferred compensation expense	$	—	$	—	$	—	$	4	$	—
Total personnel expenses	—		—		—		4		—

Outside services	—		—		—		—		—

Other noninterest expense	—		(3)		(8)		1		(6)
Total noninterest expense	$	—	$	(3)	$	(8)	$	4	$	(6)


Income before income taxes	$	—	$	3	$	8	$	(4)	$	6
Provision for income taxes	—		1		2		(1)		1
Preferred stock dividends *	—		—		(3)		—		—
Net income/(loss) available to common shareholders	$	—	$	2	$	9	$	(3)	$	4
EPS impact of notable items	$	—	$	—	$	0.01	$	—	$	0.01

Numbers may not total due to rounding.

* 3Q25 includes $3 million deemed dividends on the redemption of $80 million par value of Series B Preferred Stock.


FINANCIAL RATIOS
Quarterly, Unaudited
																1Q26 Change vs.
	1Q26			4Q25			3Q25			2Q25			1Q25			4Q25					1Q25
FINANCIAL RATIOS																$/bp			%		$/bp			%
Net interest margin6	3.52		%	3.51		%	3.55		%	3.40		%	3.42		%	1		bp			10		bp

Return on average assets	1.30		%	1.27		%	1.29		%	1.20		%	1.11		%	3		bp			19		bp
Adjusted return on average assets4	1.30		%	1.28		%	1.32		%	1.18		%	1.14		%	2		bp			16		bp
Return on average common equity (“ROCE”)	12.26		%	11.99		%	11.74		%	11.14		%	10.30		%	27		bp			196		bp

Return on average tangible common equity (“ROTCE”)4	15.12		%	14.82		%	14.49		%	13.85		%	12.81		%	31		bp			231		bp
Adjusted ROTCE4	15.12		%	14.96		%	15.00		%	13.65		%	13.08		%	16		bp			204		bp
Noninterest income as a % of total revenue	22.63		%	23.89		%	24.16		%	22.73		%	22.29		%	(126)		bp			34		bp
Adjusted noninterest income as a % of total revenue4	22.55		%	23.80		%	24.07		%	22.63		%	22.20		%	(125)		bp			35		bp
Efficiency ratio	58.54		%	61.33		%	61.92		%	59.20		%	60.06		%	(279)		bp			(152)		bp
Adjusted efficiency ratio4	58.34		%	60.73		%	60.76		%	59.47		%	59.09		%	(239)		bp			(75)		bp
Allowance for credit losses to loans and leases4	1.28		%	1.31		%	1.38		%	1.42		%	1.45		%	(3)		bp			(17)		bp

CAPITAL DATA
CET1 capital ratio*	10.5		%	10.6		%	11.0		%	11.0		%	10.9		%	(10)		bp			(40)		bp
Tier 1 capital ratio*	11.9		%	11.5		%	11.9		%	12.0		%	11.9		%	44		bp			—		bp
Total capital ratio*	13.7		%	13.3		%	13.8		%	14.0		%	14.1		%	39		bp			(32)		bp
Tier 1 leverage ratio*	10.6		%	10.2		%	10.5		%	10.6		%	10.5		%	44		bp			14		bp
Risk-weighted assets (“RWA”) (billions)*	$	73.3		$	73.0		$	72.0		$	71.7		$	70.8		$	0.3		—	%	$	2.5		4	%
Total equity to total assets	11.25		%	10.90		%	11.11		%	11.28		%	11.10		%	35		bp			15		bp
Tangible common equity/tangible assets (“TCE/TA”)4	8.27		%	8.37		%	8.55		%	8.58		%	8.37		%	(10)		bp			(10)		bp
Period-end shares outstanding (millions)8	476			485			500			509			507			(9)			(2)	%	(31)			(6)	%
Cash dividends declared per common share	$	0.17		$	0.15		$	0.15		$	0.15		$	0.15		$	0.02		13	%	$	0.02		13	%
Book value per common share	$	17.72		$	17.53		$	17.19		$	16.78		$	16.40		$	0.19		1	%	$	1.32		8	%
Tangible book value per common share4	$	14.34		$	14.20		$	13.94		$	13.57		$	13.17		$	0.14		1	%	$	1.17		9	%


SELECTED BALANCE SHEET DATA
Loans-to-deposit ratio (period-end balances)	96.83		%	95.08		%	96.23		%	96.47		%	96.90		%	175		bp			(7)		bp
Loans-to-deposit ratio (average balances)	95.44		%	95.33		%	95.24		%	96.62		%	95.57		%	11		bp			(13)		bp
Full-time equivalent associates	7,369			7,373			7,341			7,255			7,190			(4)			—	%	179			2	%

*Current quarter is an estimate.

See footnote disclosures on page 19 and glossary of terms on page 25.

CONSOLIDATED PERIOD-END BALANCE SHEET

Quarterly, Unaudited


											1Q26 Change vs.
(In millions)	1Q26		4Q25		3Q25		2Q25		1Q25		4Q25				1Q25
Assets:											$		%		$		%

Loans and leases:
Commercial, financial, and industrial (C&I)	$	36,467	$	35,905	$	34,401	$	34,359	$	33,354	$	562	2	%	$	3,113	9	%
Commercial real estate	13,420		13,563		13,674		13,936		14,139		(143)		(1)		(719)		(5)
Total Commercial	49,887		49,468		48,076		48,295		47,493		419		1		2,394		5
Consumer real estate	13,928		14,107		14,403		14,368		14,089		(179)		(1)		(160)		(1)
Credit card and other5	562		580		579		597		633		(19)		(3)		(72)		(11)
Total Consumer	14,490		14,688		14,982		14,965		14,722		(198)		(1)		(232)		(2)
Loans and leases, net of unearned income	64,377		64,156		63,058		63,260		62,215		221		—		2,162		3
Loans held for sale	562		406		501		402		510		156		38		53		10
Investment securities	9,351		9,382		9,332		9,362		9,333		(31)		—		17		—
Trading securities	1,812		1,904		2,070		1,430		1,376		(92)		(5)		436		32
Interest-bearing deposits with banks	1,116		1,125		1,228		911		1,164		(9)		(1)		(49)		(4)
Federal funds sold and securities purchased under agreements to resell	754		634		774		527		728		120		19		26		4
Total interest earning assets	77,971		77,606		76,963		75,893		75,326		365		—		2,645		4
Cash and due from banks	889		961		912		988		915		(72)		(7)		(26)		(3)
Goodwill and other intangible assets, net	1,607		1,615		1,624		1,633		1,643		(8)		(1)		(36)		(2)
Premises and equipment, net	539		544		553		561		569		(5)		(1)		(30)		(5)
Allowance for loan and lease losses	(730)		(738)		(777)		(814)		(822)		9		1		93		11
Other assets	3,855		3,889		3,916		3,823		3,861		(33)		(1)		(5)		—
Total assets	$	84,132	$	83,876	$	83,192	$	82,084	$	81,491	$	256	—	%	$	2,640	3	%

Liabilities and Shareholders' Equity:
Deposits:
Savings	$	26,007	$	26,010	$	26,365	$	25,939	$	26,242	$	(3)	—	%	$	(235)	(1)	%
Time deposits	7,125		6,485		6,201		7,270		5,918		640		10		1,207		20
Other interest-bearing deposits	17,440		19,158		16,936		16,477		16,213		(1,718)		(9)		1,227		8
Total interest-bearing deposits	50,572		51,653		49,502		49,685		48,373		(1,081)		(2)		2,199		5
Trading liabilities	666		607		662		469		670		59		10		(4)		(1)
Federal funds purchased and securities sold under agreements to repurchase	2,193		3,012		2,675		3,201		2,572		(819)		(27)		(378)		(15)
Short-term borrowings	1,975		241		1,596		260		1,223		1,733		NM		752		61
Term borrowings	1,318		1,321		1,328		1,342		1,691		(2)		—		(372)		(22)
Total interest-bearing liabilities	56,725		56,835		55,763		54,957		54,529		(110)		—		2,196		4
Noninterest-bearing deposits	15,910		15,823		16,023		15,892		15,835		87		1		75		—
Other liabilities	2,032		2,076		2,163		1,978		2,084		(44)		(2)		(52)		(2)
Total liabilities	74,667		74,734		73,948		72,826		72,447		(67)		—		2,220		3
Shareholders' Equity:
Preferred stock10	741		349		349		426		426		392		112		314		74
Common stock	297		303		313		318		317		(6)		(2)		(20)		(6)
Capital surplus	3,759		3,974		4,288		4,459		4,472		(215)		(5)		(713)		(16)
Retained earnings	5,205		5,030		4,848		4,671		4,516		175		3		689		15
Accumulated other comprehensive loss, net	(832)		(809)		(849)		(912)		(983)		(23)		(3)		151		15
Combined shareholders' equity	9,170		8,847		8,949		8,962		8,749		323		4		421		5
Noncontrolling interest	295		295		295		295		295		—		—		—		—
Total shareholders' equity	9,465		9,142		9,244		9,257		9,044		323		4		421		5
Total liabilities and shareholders' equity	$	84,132	$	83,876	$	83,192	$	82,084	$	81,491	$	256	—	%	$	2,640	3	%
Memo:
Total deposits	$	66,482	$	67,477	$	65,525	$	65,576	$	64,208	$	(994)	(1)	%	$	2,275	4	%
Loans to mortgage companies	$	4,641	$	4,703	$	3,926	$	4,058	$	3,369	$	(62)	(1)	%	$	1,272	38	%
Unfunded Loan Commitments:
Commercial	$	18,980	$	18,644	$	18,485	$	17,784	$	17,974	$	337	2	%	$	1,007	6	%
Consumer	$	4,022	$	4,002	$	4,036	$	4,153	$	4,190	$	21	1	%	$	(168)	(4)	%

Numbers may not total due to rounding. See footnote disclosures on page 19 and glossary of terms on page 25.

CONSOLIDATED AVERAGE BALANCE SHEET

Quarterly, Unaudited


											1Q26 Change vs.
(In millions)	1Q26		4Q25		3Q25		2Q25		1Q25		4Q25				1Q25
Assets:											$		%		$		%
Loans and leases:
Commercial, financial, and industrial (C&I)	$	35,208	$	35,005	$	34,011	$	33,634	$	32,632	$	203	1	%	$	2,576	8	%
Commercial real estate	13,417		13,587		13,772		14,070		14,318		(170)		(1)		(901)		(6)
Total Commercial	48,625		48,591		47,784		47,704		46,951		34		—		1,674		4
Consumer real estate	13,998		14,255		14,409		14,224		14,046		(257)		(2)		(47)		—
Credit card and other5	569		586		594		623		649		(17)		(3)		(80)		(12)
Total Consumer	14,567		14,841		15,004		14,847		14,694		(274)		(2)		(127)		(1)
Loans and leases, net of unearned income	63,192		63,432		62,787		62,551		61,645		(240)		—		1,547		3
Loans held-for-sale	479		515		454		501		519		(36)		(7)		(40)		(8)
Investment securities	9,454		9,321		9,321		9,330		9,209		134		1		245		3
Trading securities	1,796		1,798		1,625		1,609		1,442		(2)		—		354		25
Interest-bearing deposits with banks	1,233		1,218		1,272		1,259		1,265		14		1		(33)		(3)
Federal funds sold and securities purchased under agreements to resell	756		743		573		636		713		13		2		43		6
Total interest earning assets	76,910		77,027		76,032		75,887		74,793		(117)		—		2,117		3
Cash and due from banks	936		900		860		864		886		36		4		51		6
Goodwill and other intangible assets, net	1,611		1,619		1,628		1,638		1,648		(8)		(1)		(36)		(2)
Premises and equipment, net	543		548		556		565		570		(5)		(1)		(27)		(5)
Allowance for loan and lease losses	(750)		(774)		(809)		(828)		(827)		24		3		77		9
Other assets	3,795		3,760		3,781		3,831		3,896		34		1		(101)		(3)
Total assets	$	83,045	$	83,081	$	82,049	$	81,958	$	80,965	$	(36)	—	%	$	2,081	3	%

Liabilities and shareholders' equity:
Deposits:
Savings	$	26,148	$	26,693	$	26,326	$	25,899	$	26,544	$	(545)	(2)	%	$	(396)	(1)	%
Time deposits	6,755		6,205		6,871		6,630		6,329		550		9		426		7
Other interest-bearing deposits	17,679		17,573		16,866		16,362		16,096		106		1		1,583		10
Total interest-bearing deposits	50,582		50,470		50,063		48,891		48,970		112		—		1,612		3
Trading liabilities	729		722		549		613		692		7		1		36		5
Federal funds purchased and securities sold under agreements to repurchase	2,649		2,807		2,631		2,692		2,479		(158)		(6)		170		7
Short-term borrowings	894		470		387		1,208		681		423		90		212		31
Term borrowings	1,319		1,323		1,335		1,556		1,332		(4)		—		(12)		(1)
Total interest-bearing liabilities	56,173		55,792		54,965		54,960		54,154		381		1		2,019		4
Noninterest-bearing deposits	15,628		16,072		15,862		15,851		15,535		(444)		(3)		93		1
Other liabilities	1,999		2,082		1,999		2,050		2,165		(83)		(4)		(166)		(8)
Total liabilities	73,800		73,946		72,825		72,861		71,854		(146)		—		1,946		3
Shareholders' Equity:
Preferred stock10	436		349		350		426		426		87		25		10		2
Common stock	300		307		316		318		323		(7)		(2)		(23)		(7)
Capital surplus	3,866		4,095		4,379		4,464		4,664		(229)		(6)		(798)		(17)
Retained earnings	5,129		4,910		4,798		4,562		4,468		219		4		661		15
Accumulated other comprehensive loss, net	(781)		(821)		(913)		(967)		(1,066)		40		5		285		27
Combined shareholders' equity	8,950		8,840		8,928		8,802		8,816		110		1		134		2
Noncontrolling interest	295		295		295		295		295		—		—		—		—
Total shareholders' equity	9,245		9,135		9,224		9,097		9,111		110		1		134		1
Total liabilities and shareholders' equity	$	83,045	$	83,081	$	82,049	$	81,958	$	80,965	$	(36)	—	%	$	2,081	3	%
Memo:
Total deposits	$	66,210	$	66,542	$	65,924	$	64,742	$	64,504	$	(332)	—	%	$	1,706	3	%
Loans to mortgage companies	$	3,884	$	4,160	$	3,628	$	3,533	$	2,819	$	(275)	(7)	%	$	1,066	38	%

Numbers may not total due to rounding.

See footnote disclosures on page 19 and glossary of terms on page 25.


CONSOLIDATED NET INTEREST INCOME AND AVERAGE BALANCE SHEET: YIELDS AND RATES
Quarterly, Unaudited
																					1Q26 Change vs.
	1Q26				4Q25				3Q25				2Q25				1Q25				4Q25					1Q25
(In millions, except rates)	Income/Expense		Rate		Income/Expense		Rate		Income/Expense		Rate		Income/Expense		Rate		Income/Expense		Rate		Income/Expense					Income/Expense
																					$/bp			%		$/bp			%
Interest earning assets/Interest income:
Loans and leases, net of unearned income:


Commercial	$	707	5.89	%	$	743	6.07	%	$	767	6.37	%	$	738	6.21	%	$	715	6.18	%	$	(36)		(5)	%	$	(7)		(1)	%


Consumer	181		4.99		187		5.02		191		5.07		186		4.99		182		4.96		(6)			(3)		—			—
Loans and leases, net of unearned income	887		5.68		930		5.83		957		6.06		924		5.92		897		5.89		(43)			(5)		(10)			(1)
Loans held-for-sale	7		6.26		8		6.45		8		6.86		8		6.76		9		7.09		(1)			(10)		(2)			(19)
Investment securities	71		3.02		71		3.06		72		3.09		71		3.06		69		3.02		—			—		2			3
Trading securities	24		5.25		25		5.57		24		5.81		23		5.72		20		5.57		(1)			(6)		3			17
Interest-bearing deposits with banks	11		3.69		12		3.97		14		4.41		14		4.45		14		4.44		(1)			(8)		(3)			(19)
Federal funds sold and securities purchased under agreements	7		3.55		7		3.86		6		4.20		7		4.24		7		4.24		(1)			(9)		(1)			(11)
Interest income	$	1,008	5.29	%	$	1,054	5.44	%	$	1,081	5.65	%	$	1,047	5.53	%	$	1,017	5.50	%	$	(47)		(4)	%	$	(10)		(1)	%

Interest bearing liabilities/Interest expense:
Interest-bearing deposits:
Savings	$	138	2.14	%	$	169	2.51	%	$	184	2.78	%	$	177	2.73	%	$	175	2.67	%	$	(30)		(18)	%	$	(36)		(21)	%
Time deposits	56		3.39		55		3.49		64		3.71		64		3.88		62		4.00		2			3		(6)			(10)
Other interest-bearing deposits	89		2.04		98		2.22		102		2.41		96		2.36		92		2.31		(9)			(9)		(3)			(3)
Total interest-bearing deposits	284		2.28		322		2.53		351		2.78		337		2.76		329		2.72		(38)			(12)		(45)			(14)
Trading liabilities	7		3.81		7		3.76		5		3.93		6		4.07		7		4.29		—			—		—			(6)
Federal funds purchased and securities sold under agreements to repurchase	20		2.98		23		3.21		23		3.52		24		3.61		21		3.47		(3)			(14)		(2)			(8)
Short-term borrowings	8		3.78		5		4.08		4		4.39		13		4.47		7		4.40		3			72		1			13
Term borrowings	19		5.65		19		5.76		19		5.82		22		5.60		18		5.41		—			(2)		1			3
Interest expense	337		2.43		375		2.67		403		2.91		403		2.94		383		2.87		(38)			(10)		(46)			(12)
Net interest income - tax equivalent basis	670		2.86		679		2.77		678		2.74		645		2.59		634		2.63		(9)			(1)		36			6
Fully taxable equivalent adjustment	(3)		0.66		(3)		0.74		(3)		0.81		(4)		0.81		(3)		0.79		—			10		—			12
Net interest income	$	667	3.52	%	$	676	3.51	%	$	674	3.55	%	$	641	3.40	%	$	631	3.42	%	$	(9)		(1)	%	$	36		6	%

Memo:
Total loan yield			5.68	%			5.83	%			6.06	%			5.92	%			5.89	%	(15)		bp			(21)		bp
Total deposit cost			1.74	%			1.92	%			2.11	%			2.09	%			2.07	%	(18)		bp			(33)		bp
Total funding cost			1.90	%			2.07	%			2.26	%			2.28	%			2.23	%	(17)		bp			(33)		bp
Average loans and leases, net of unearned income	$	63,192			$	63,432			$	62,787			$	62,551			$	61,645			$	(240)		—	%	$	1,547		3	%
Average deposits	66,210				66,542				65,924				64,742				64,504				(332)			—	%	1,706			3	%
Average funded liabilities	71,801				71,864				70,827				70,811				69,689				$	(63)		—	%	$	2,112		3	%

Net interest income and yields are adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 21 percent and, where applicable, state income taxes.

Earning assets yields are expressed net of unearned income.

Loan yields include loan fees, cash basis interest income, and loans on nonaccrual status.

Numbers may not total due to rounding.

See footnote disclosures on page 19 and glossary of terms on page 25.


CONSOLIDATED NONPERFORMING LOANS AND LEASES ("NPL")
Quarterly, Unaudited

	As of															1Q26 change vs.
(In millions, except ratio data)	1Q26			4Q25			3Q25			2Q25			1Q25			4Q25				1Q25
																$		%		$		%
Nonperforming loans and leases
Commercial, financial, and industrial (C&I)	$	219		$	224		$	211		$	224		$	195		$	(5)	(2)	%	$	24	12	%
Commercial real estate	243			239			254			236			284			4		2		(42)		(15)
Consumer real estate	144			140			139			131			129			4		3		15		11
Credit card and other5	1			1			1			1			1			—		13		—		(14)
Total nonperforming loans and leases	$	606		$	604		$	605		$	593		$	609		$	2	—	%	$	(3)	(1)	%

Asset Quality Ratio
Nonperforming loans and leases to loans and leases
Commercial, financial, and industrial (C&I)	0.60		%	0.62		%	0.61		%	0.65		%	0.58		%
Commercial real estate	1.81			1.76			1.86			1.70			2.01
Consumer real estate	1.03			0.99			0.96			0.91			0.92
Credit card and other5	0.19			0.16			0.25			0.21			0.19
Total nonperforming loans and leases to loans and leases	0.94		%	0.94		%	0.96		%	0.94		%	0.98		%

Numbers may not total due to rounding.

See footnote disclosures on page 19 and glossary of terms on page 25.


CONSOLIDATED LOANS AND LEASES 90 DAYS OR MORE PAST DUE AND ACCRUING
Quarterly, Unaudited

	As of										1Q26 change vs.
(In millions)	1Q26		4Q25		3Q25		2Q25		1Q25		4Q25				1Q25
											$		%		$		%
Loans and leases 90 days or more past due and accruing
Commercial, financial, and industrial (C&I)	$	1	$	1	$	1	$	1	$	1	$	(1)	(44)	%	$	—	43	%
Commercial real estate	—		—		—		—		—		—		NM		—		NM
Consumer real estate	2		6		6		6		7		(4)		(72)		(5)		(77)
Credit card and other5	1		1		2		1		—		—		(30)		—		NM
Total loans and leases 90 days or more past due and accruing	$	3	$	8	$	9	$	8	$	8	$	(5)	(62)	%	$	(5)	(60)	%

Numbers may not total due to rounding.

See footnote disclosures on page 19 and glossary of terms on page 25.


CONSOLIDATED NET CHARGE-OFFS (RECOVERIES)
Quarterly, Unaudited

	As of															1Q26 change vs.
(In millions, except ratio data)	1Q26			4Q25			3Q25			2Q25			1Q25			4Q25				1Q25
Charge-off, Recoveries and Related Ratios																$		%		$		%
Gross Charge-offs
Commercial, financial, and industrial (C&I)	$	36		$	39		$	25		$	28		$	34		$	(3)	(8)	%	$	3	8	%
Commercial real estate	4			2			3			8			3			2		NM		1		36
Consumer real estate	1			1			1			2			—			—		(1)		1		NM
Credit card and other5	4			4			6			6			4			—		(7)		—		4
Total gross charge-offs	$	45		$	47		$	36		$	43		$	41		$	(1)	(3)	%	$	5	11	%
Gross Recoveries
Commercial, financial, and industrial (C&I)	$	(14)		$	(13)		$	(6)		$	(6)		$	(6)		$	—	(2)	%	$	(8)	NM
Commercial real estate	—			—			—			—			(3)			—		NM		3		96
Consumer real estate	(2)			(2)			(1)			(2)			(1)			—		12		(1)		(57)
Credit card and other5	(1)			(1)			(1)			(2)			(1)			—		(17)		—		19
Total gross recoveries	$	(17)		$	(16)		$	(9)		$	(9)		$	(12)		$	—	(2)	%	$	(5)	(44)	%
Net Charge-offs (Recoveries)
Commercial, financial, and industrial (C&I)	$	23		$	26		$	19		$	22		$	28		$	(3)	(13)	%	$	(5)	(19)	%
Commercial real estate	3			2			3			8			(1)			2		NM		4		NM
Consumer real estate	—			(1)			(1)			—			(1)			—		34		—		42
Credit card and other5	3			3			5			4			3			—		(14)		—		15
Total net charge-offs	$	29		$	30		$	26		$	34		$	29		$	(2)	(6)	%	$	—	(2)	%

Annualized Net Charge-off (Recovery) Rates
Commercial, financial, and industrial (C&I)	0.26		%	0.30		%	0.22		%	0.26		%	0.35		%
Commercial real estate	0.10			0.04			0.09			0.22			(0.02)
Consumer real estate	(0.01)			(0.02)			(0.02)			—			(0.02)
Credit card and other5	2.10			2.31			3.54			2.64			1.60
Total loans and leases	0.18		%	0.19		%	0.17		%	0.22		%	0.19		%

Numbers may not total due to rounding.

See footnote disclosures on page 19 and glossary of terms on page 25.


CONSOLIDATED ALLOWANCE FOR LOAN AND LEASE LOSSES AND RESERVE FOR UNFUNDED COMMITMENTS
Quarterly, Unaudited

	As of										1Q26 Change vs.
(In millions)	1Q26		4Q25		3Q25		2Q25		1Q25		4Q25				1Q25
Summary of Changes in the Components of the Allowance For Credit Losses											$		%		$		%
Allowance for loan and lease losses - beginning	$	738	$	777	$	814	$	822	$	815	$	(38)	(5)	%	$	(77)	(9)	%













Charge-offs:
Commercial, financial, and industrial (C&I)	(36)		(39)		(25)		(28)		(34)		3		8		(3)		(8)
Commercial real estate	(4)		(2)		(3)		(8)		(3)		(2)		NM		(1)		(36)
Consumer real estate	(1)		(1)		(1)		(2)		—		—		1		(1)		NM
Credit card and other5	(4)		(4)		(6)		(6)		(4)		—		7		—		(4)
Total charge-offs	(45)		(47)		(36)		(43)		(41)		1		3		(5)		(11)
Recoveries:
Commercial, financial, and industrial (C&I)	14		13		6		6		6		—		2		8		NM
Commercial real estate	—		—		—		—		3		—		NM		(3)		(96)
Consumer real estate	2		2		1		2		1		—		(12)		1		57
Credit card and other5	1		1		1		2		1		—		17		—		(19)
Total Recoveries	17		16		9		9		12		—		2		5		44
Provision for loan and lease losses:
Commercial, financial, and industrial (C&I)	41		28		5		23		28		13		45		12		45
Commercial real estate	(17)		(26)		(5)		(5)		(2)		9		35		(15)		NM
Consumer real estate	(6)		(13)		(15)		4		8		7		52		(14)		NM
Credit card and other5	3		3		4		3		2		(1)		(16)		1		27
Total provision for loan and lease losses:	20		(8)		(11)		26		36		28		NM		(16)		(44)
Allowance for loan and lease losses - ending	$	730	$	738	$	777	$	814	$	822	$	(9)	(1)	%	$	(93)	(11)	%

Reserve for unfunded commitments - beginning	$	101	$	93	$	87	$	83	$	79	$	8	9	%	$	22	28	%


Provision for unfunded commitments	(5)		8		6		4		4		(13)		NM		(9)		NM
Reserve for unfunded commitments - ending	$	96	$	101	$	93	$	87	$	83	$	(5)	(5)	%	$	13	16	%
Total allowance for credit losses- ending	$	826	$	839	$	870	$	901	$	905	$	(13)	(2)	%	$	(79)	(9)	%

Numbers may not total due to rounding.

See footnote disclosures on page 19 and glossary of terms on page 25.


CONSOLIDATED ASSET QUALITY RATIOS - ALLOWANCE FOR LOAN AND LEASE LOSSES
Quarterly, Unaudited

	As of
	1Q26		4Q25		3Q25		2Q25		1Q25

Allowance for loan and lease losses to loans and leases
Commercial, financial, and industrial (C&I)	0.97	%	0.93	%	0.97	%	1.01	%	1.04	%
Commercial real estate	1.16	%	1.30	%	1.49	%	1.53	%	1.59	%
Consumer real estate	1.44	%	1.46	%	1.52	%	1.63	%	1.63	%
Credit card and other5	3.49	%	3.40	%	3.42	%	3.50	%	3.41	%
Total allowance for loan and lease losses to loans and leases	1.13	%	1.15	%	1.23	%	1.29	%	1.32	%
Allowance for loan and lease losses to nonperforming loans and leases
Commercial, financial, and industrial (C&I)	162	%	150	%	158	%	155	%	178	%
Commercial real estate	64	%	74	%	80	%	90	%	79	%
Consumer real estate	140	%	147	%	158	%	179	%	178	%
Credit card and other5	1,842	%	2,096	%	1,380	%	1,684	%	1,752	%
Total allowance for loan and lease losses to nonperforming loans and leases	120	%	122	%	128	%	137	%	135	%

Allowance for credit losses ratios
Total allowance for credit losses to loans and leases4	1.28	%	1.31	%	1.38	%	1.42	%	1.45	%
Total allowance for credit losses to nonperforming loans and leases4	136	%	139	%	144	%	152	%	148	%

See footnote disclosures on page 19 and glossary of terms on page 25.

COMMERCIAL, CONSUMER, AND WEALTH

Quarterly, Unaudited


																1Q26 Change vs.
	1Q26			4Q25			3Q25			2Q25			1Q25			4Q25					1Q25
																$/bp			%		$/bp			%
Income Statement (millions)
Net interest income	$	649		$	662		$	671		$	643		$	633		$	(13)		(2)	%	$	17		3	%
Noninterest income	119			124			117			113			110			(6)			(5)		9			8
Total revenue	768			786			787			757			743			(18)			(2)		25			3
Noninterest expense	368			380			366			355			344			(12)			(3)		23			7
Pre-provision net revenue3	400			407			421			402			398			(6)			(1)		2			1
Provision for credit losses	8			(2)			2			13			38			10			NM		(30)			(79)
Income before income tax expense	393			409			420			389			360			(16)			(4)		32			9
Income tax expense	94			98			100			92			86			(4)			(4)		8			10
Net income	$	299		$	311		$	319		$	296		$	275		$	(12)		(4)	%	$	24		9	%

Average Balances (billions)
Total loans and leases	$	56.5		$	56.5		$	56.4		$	56.3		$	56.2		$	—		—	%	$	0.3		1	%
Interest-earning assets	56.5			56.5			56.4			56.3			56.2			—			—		0.3			1
Total assets	59.0			59.0			58.8			58.7			58.7			—			—		0.3			—
Total deposits	58.7			59.4			59.1			58.9			59.1			(0.7)			(1)		(0.4)			(1)

Key Metrics
Net interest margin6	4.68		%	4.67		%	4.74		%	4.60		%	4.58		%	1		bp			10		bp
Efficiency ratio	47.85		%	48.31		%	46.50		%	46.91		%	46.36		%	(46)		bp			149		bp
Loans-to-deposits ratio (period-end balances)	95.94		%	94.83		%	94.56		%	95.33		%	94.28		%	111		bp			166		bp
Loans-to-deposits ratio (average balances)	96.19		%	95.09		%	95.30		%	95.59		%	94.99		%	110		bp			120		bp
Return on average assets (annualized)	2.05		%	2.09		%	2.15		%	2.02		%	1.90		%	(4)		bp			15		bp
Return on allocated equity7	20.57		%	20.34		%	20.37		%	18.80		%	17.54		%	23		bp			303		bp
Financial center locations	410			412			413			414			414			(2)					(4)

Numbers may not total due to rounding.

Certain previously reported amounts have been reclassified to agree with current presentation.

See footnote disclosures on page 19 and glossary of terms on page 25.

Commercial, Consumer, and Wealth segment: Offers financial products and services, including traditional lending and deposit taking, to commercial and consumer clients primarily in the southern U.S. and other selected markets. Commercial, Consumer & Wealth also consists of lines of business that deliver product offerings and services with niche industry knowledge including asset-based lending, commercial real estate, equipment finance/leasing, energy, international banking, healthcare, and transportation and logistics. Additionally, Commercial, Consumer & Wealth provides investment, wealth management, financial planning, trust and asset management services for consumer clients as well as delivering treasury management solutions, loan syndications, and corporate banking services.

WHOLESALE

Quarterly, Unaudited


																1Q26 Change vs.
	1Q26			4Q25			3Q25			2Q25			1Q25			4Q25					1Q25
																$/bp			%		$/bp			%
Income Statement (millions)
Net interest income	$	62		$	66		$	60		$	57		$	50		$	(3)		(5)	%	$	12		25	%
Noninterest income	64			69			74			53			59			(5)			(7)		5			8
Total revenue	126			135			134			111			109			(9)			(6)		17			16
Noninterest expense	83			85			83			75			75			(1)			(1)		8			11
Pre-provision net revenue3	43			50			52			36			34			(7)			(15)		9			27
Provision for credit losses	9			3			(1)			6			3			6			NM		6			NM
Income before income tax expense	34			47			52			30			31			(13)			(28)		3			10
Income tax expense	8			11			13			7			7			(3)			(28)		1			10
Net income	$	26		$	36		$	40		$	23		$	23		$	(10)		(28)	%	$	2		10	%

Average Balances (billions)
Total loans and leases	$	6.3		$	6.5		$	6.0		$	5.8		$	5.0		$	(0.2)		(2)	%	$	1.3		26	%
Interest-earning assets	9.4			9.6			8.7			8.6			7.8			(0.2)			(2)		1.6			21
Total assets	10.1			10.3			9.4			9.3			8.5			(0.2)			(2)		1.6			18
Total deposits	2.3			2.3			2.2			2.1			2.0			—			—		0.3			13

Key Metrics
Fixed income product average daily revenue (thousands)	$	742		$	765		$	771		$	550		$	586		$	(23)		(3)	%	$	157		27	%
Net interest margin6	2.68		%	2.72		%	2.77		%	2.67		%	2.59		%	(4)		bp			9		bp
Efficiency ratio	66.03		%	62.77		%	61.54		%	67.76		%	69.01		%	326		bp			(298)		bp
Loans-to-deposits ratio (period-end balances)	354		%	343		%	319		%	312		%	288		%	1,047		bp			6,594		bp
Loans-to-deposits ratio (average balances)	280		%	288		%	276		%	282		%	252		%	(758)		bp			2,815		bp
Return on average assets (annualized)	1.03		%	1.38		%	1.68		%	0.98		%	1.11		%	(35)		bp			(8)		bp
Return on allocated equity7	17.54		%	24.11		%	26.29		%	15.39		%	16.00		%	(658)		bp			153		bp

Numbers may not total due to rounding.

Certain previously reported amounts have been reclassified to agree with current presentation.

See footnote disclosures on page 19 and glossary of terms on page 25.

Wholesale segment: Consists of lines of business that deliver product offerings and services with differentiated industry knowledge. Wholesale’s lines of business include mortgage warehouse lending, franchise finance, correspondent banking, and mortgage. Additionally, Wholesale has a line of business focused on fixed income securities sales, trading, underwriting, and strategies for institutional clients in the U.S. and abroad, as well as loan sales, portfolio advisory services, and derivative sales.

CORPORATE

Quarterly, Unaudited


											1Q26 Change vs.
	1Q26		4Q25		3Q25		2Q25		1Q25		4Q25				1Q25
											$		%		$		%
Income Statement (millions)
Net interest income/(expense)	$	(44)	$	(51)	$	(56)	$	(60)	$	(51)	$	7	14	%	$	7	14	%
Noninterest income	12		18		25		22		12		(7)		(36)		—		(1)
Total revenues	(32)		(33)		(32)		(38)		(40)		1		2		7		18
Noninterest expense	54		80		102		61		68		(26)		(33)		(14)		(21)
Pre-provision net revenue3	(86)		(113)		(134)		(99)		(108)		27		24		21		20
Provision for credit losses	(2)		(1)		(6)		11		(1)		(1)		(81)		(1)		(78)
Income before income tax expense	(84)		(112)		(128)		(110)		(106)		28		25		22		21
Income tax expense (benefit)	(26)		(31)		(35)		(35)		(31)		5		16		4		15
Net income/(loss)	$	(58)	$	(81)	$	(93)	$	(75)	$	(76)	$	23	28	%	$	18	23	%

Average Balance Sheet (billions)
Interest bearing assets	$	11.1	$	11.0	$	11.0	$	11.0	$	10.8	$	0.1	1	%	$	0.2	2	%
Total assets	14.0		13.8		13.9		13.9		13.8		0.2		1		0.2		2

Numbers may not total due to rounding.

Certain previously reported amounts have been reclassified to agree with current presentation.

Corporate segment: Consists primarily of corporate support functions including risk management, audit, accounting, finance, executive office, and corporate communications. Shared support services such as human resources, marketing, properties, technology, credit risk and bank operations are allocated to the activities of Commercial, Consumer & Wealth, Wholesale and Corporate. Additionally, the Corporate segment includes centralized management of capital and funding to support the business activities of the company including management of balance sheet funding, liquidity, and capital management and allocation. The Corporate segment also includes the revenue and expense associated with run-off businesses such as pre-2009 mortgage banking elements, run-off consumer and trust preferred loan portfolios, and other exited businesses.

FOOTNOTES

1 Taxable equivalent interest income and interest expense are non-GAAP measures and are reconciled to net interest income (GAAP) in the table.

2 Occupancy and Equipment expense includes Computer Software Expense.

3 Pre-provision net revenue is a non-GAAP measure and is reconciled to income before income taxes (GAAP) in the table.

4 Represents a non-GAAP measure and is reconciled to the nearest GAAP measure in the non-GAAP to GAAP reconciliations beginning on page 20.

5 Credit card and other includes $157 million of commercial credit card balances at March 31, 2026.

6 Net interest margin is computed using total NII adjusted for FTE assuming a statutory federal income tax rate of 21 percent and, where applicable, state taxes.

7 Segment equity is allocated based on an internal allocation methodology.

8 Share count for all periods shown was impacted by share repurchases.

9 Balance fluctuates based on market conditions. 1Q26 decrease driven by equity market valuations.

10 Preferred Stock balance impacted by the issuance of Series H Preferred Stock in 1Q26.


CONSOLIDATED NON-GAAP TO GAAP RECONCILIATION
Quarterly, Unaudited

($ in millions, except per share data)	1Q26			4Q25			3Q25			2Q25			1Q25

Tangible Common Equity (Non-GAAP)
(A) Total equity (GAAP)	$	9,465		$	9,142		$	9,244		$	9,257		$	9,044
Less: Noncontrolling interest (a)	295			295			295			295			295
Less: Preferred stock (a)	741			349			349			426			426
(B) Total common equity	$	8,429		$	8,498		$	8,600		$	8,536		$	8,322
Less: Intangible assets (GAAP) (b)	1,607			1,615			1,624			1,633			1,643
(C) Tangible common equity (Non-GAAP)	$	6,822		$	6,882		$	6,976		$	6,903		$	6,680

Tangible Assets (Non-GAAP)
(D) Total assets (GAAP)	$	84,132		$	83,876		$	83,192		$	82,084		$	81,491
Less: Intangible assets (GAAP) (b)	1,607			1,615			1,624			1,633			1,643
(E) Tangible assets (Non-GAAP)	$	82,525		$	82,261		$	81,568		$	80,451		$	79,849












Period-end Shares Outstanding
(F) Period-end shares outstanding	476			485			500			509			507

Ratios


(A)/(D) Total equity to total assets (GAAP)	11.25		%	10.90		%	11.11		%	11.28		%	11.10		%
(C)/(E) Tangible common equity to tangible assets (“TCE/TA”) (Non-GAAP)	8.27		%	8.37		%	8.55		%	8.58		%	8.37		%
(B)/(F) Book value per common share (GAAP)	$	17.72		$	17.53		$	17.19		$	16.78		$	16.40
(C)/(F) Tangible book value per common share (Non-GAAP)	$	14.34		$	14.20		$	13.94		$	13.57		$	13.17

(a) Included in Total equity on the Consolidated Balance Sheet.

(b) Includes goodwill and other intangible assets, net of amortization.

Numbers may not total due to rounding.


CONSOLIDATED NON-GAAP TO GAAP RECONCILIATION
Quarterly, Unaudited

($ in millions, except per share data)		1Q26			4Q25			3Q25			2Q25			1Q25

Adjusted Diluted EPS
Net income available to common shareholders ("NIAC") (GAAP)	a	$	257		$	257		$	254		$	233		$	213
Plus Total notable items (after-tax) (Non-GAAP) (a)		$	—		$	2		$	9		$	(3)		$	4
Adjusted net income available to common shareholders (Non-GAAP)	b	$	257		$	259		$	263		$	229		$	217

Diluted Shares (GAAP)8	c	487			496			510			514			523

Diluted EPS (GAAP)	a/c	$	0.53		$	0.52		$	0.50		$	0.45		$	0.41
Adjusted diluted EPS (Non-GAAP)	b/c	$	0.53		$	0.52		$	0.51		$	0.45		$	0.42

Adjusted Net Income ("NI") and Adjusted Return on Assets ("ROA")
Net Income ("NI") (GAAP)		$	266		$	266		$	266		$	244		$	222
Plus Relevant notable items (after-tax) (Non-GAAP) (a)		$	—		$	2		$	6		$	(3)		$	4
Adjusted NI (Non-GAAP)		$	266		$	268		$	272		$	241		$	227

NI (annualized) (GAAP)	d	$	1,079		$	1,054		$	1,055		$	980		$	901
Adjusted NI (annualized) (Non-GAAP)	e	$	1,079		$	1,064		$	1,079		$	967		$	919

Average assets (GAAP)	f	$	83,045		$	83,081		$	82,049		$	81,958		$	80,965

ROA (GAAP)	d/f	1.30		%	1.27		%	1.29		%	1.20		%	1.11		%
Adjusted ROA (Non-GAAP)	e/f	1.30		%	1.28		%	1.32		%	1.18		%	1.14		%

Return on Average Common Equity ("ROCE")/ Return on Average Tangible Common Equity ("ROTCE")/ Adjusted ROTCE




Net income available to common shareholders ("NIAC") (annualized) (GAAP)	g	$	1,044		$	1,018		$	1,007		$	933		$	864
Adjusted Net income available to common shareholders (annualized) (Non-GAAP)	h	$	1,044		$	1,028		$	1,042		$	919		$	882

Average Common Equity (GAAP)	i	$	8,514		$	8,491		$	8,579		$	8,376		$	8,389
Intangible Assets (GAAP) (b)		1,611			1,619			1,628			1,638			1,648
Average Tangible Common Equity (Non-GAAP)	j	$	6,903		$	6,872		$	6,950		$	6,738		$	6,742



ROCE (GAAP)	g/i	12.26		%	11.99		%	11.74		%	11.14		%	10.30		%


ROTCE (Non-GAAP)	g/j	15.12		%	14.82		%	14.49		%	13.85		%	12.81		%
Adjusted ROTCE (Non-GAAP)	h/j	15.12		%	14.96		%	15.00		%	13.65		%	13.08		%

(a) Adjusted for those notable items relevant to the amount being adjusted, as detailed on page 8.

(b) Includes goodwill and other intangible assets, net of amortization.

Numbers may not total due to rounding.


CONSOLIDATED NON-GAAP TO GAAP RECONCILIATION
Quarterly, Unaudited

(In millions)		1Q26			4Q25			3Q25			2Q25			1Q25

Adjusted Noninterest Income as a % of Total Revenue
Noninterest income (GAAP)	k	$	195		$	212		$	215		$	189		$	181
Plus notable items (pretax) (GAAP) (a)		—			—			—			—			—
Adjusted noninterest income (Non-GAAP)	l	$	195		$	212		$	215		$	189		$	181

Revenue (GAAP)	m	$	862		$	888		$	889		$	830		$	812
Taxable-equivalent adjustment		3			3			3			4			3
Revenue- Taxable-equivalent (Non-GAAP)		865			892			893			833			816
Plus notable items (pretax) (GAAP) (a)		—			—			—			—			—
Adjusted revenue (Non-GAAP)	n	$	865		$	892		$	893		$	833		$	816

Securities gains/(losses) (GAAP)	o	$	(1)		$	—		$	—		$	—		$	—

Noninterest income as a % of total revenue (GAAP)	(k-o)/(m-o)	22.63		%	23.89		%	24.16		%	22.73		%	22.29		%
Adjusted noninterest income as a % of total revenue (Non-GAAP)	(l-o)/(n-o)	22.55		%	23.80		%	24.07		%	22.63		%	22.20		%

Adjusted Efficiency Ratio
Noninterest expense (GAAP)	p	$	505		$	545		$	551		$	491		$	488
Plus notable items (pretax) (GAAP) (a)		—			(3)			(8)			4			(6)
Adjusted noninterest expense (Non-GAAP)	q	$	505		$	541		$	542		$	495		$	482

Revenue (GAAP)	r	$	862		$	888		$	889		$	830		$	812
Taxable-equivalent adjustment		3			3			3			4			3
Revenue- Taxable-equivalent (Non-GAAP)		865			892			893			833			816
Plus notable items (pretax) (GAAP) (a)		—			—			—			—			—
Adjusted revenue (Non-GAAP)	s	$	865		$	892		$	893		$	833		$	816

Securities gains/(losses) (GAAP)	t	$	(1)		$	—		$	—		$	—		$	—

Efficiency ratio (GAAP)	p/ (r-t)	58.54		%	61.33		%	61.92		%	59.20		%	60.06		%
Adjusted efficiency ratio (Non-GAAP)	q/ (s-t)	58.34		%	60.73		%	60.76		%	59.47		%	59.09		%

(a) Adjusted for those notable items relevant to the amount being adjusted, as detailed on page 8.

Numbers may not total due to rounding.

CONSOLIDATED NON-GAAP TO GAAP RECONCILIATION

Quarterly, Unaudited

($ in millions)



	Period-end								Average
	1Q26		4Q25		1Q26 vs. 4Q25				1Q26		4Q25		1Q26 vs. 4Q25










Loans excluding LMC
Total Loans (GAAP)	$	64,377	$	64,156	$	221	—	%	$	63,192	$	63,432	$	(240)	—	%
LMC (GAAP)	4,641		4,703		(62)		(1)	%	3,884		4,160		(275)		(7)	%
Total Loans excl. LMC (Non-GAAP)	59,736		59,453		283		—	%	59,308		59,273		35		—	%
Total Consumer (GAAP)	14,490		14,688		(198)		(1)	%	14,567		14,841		(274)		(2)	%
Total Commercial excl. LMC (Non-GAAP)	45,246		44,765		481		1	%	44,741		44,432		309		1	%
Total CRE (GAAP)	13,420		13,563		(143)		(1)	%	13,417		13,587		(170)		(1)	%
Total C&I excl. LMC (Non-GAAP)	$	31,826	$	31,202	$	624	2	%	$	31,324	$	30,845	479		2	%

Numbers may not total due to rounding.



		1Q26			4Q25			3Q25			2Q25			1Q25
Allowance for credit losses to loans and leases and Allowance for credit losses to nonperforming loans and leases
Allowance for loan and lease losses (GAAP)	A	$	730		$	738		$	777		$	814		$	822
Reserve for unfunded commitments (GAAP)		96			101			93			87			83
Allowance for credit losses (Non-GAAP)	B	$	826		$	839		$	870		$	901		$	905

Loans and leases (GAAP)	C	$	64,377		$	64,156		$	63,058		$	63,260		$	62,215
Nonaccrual loans and leases (GAAP)	D	$	606		$	604		$	605		$	593		$	609

Allowance for loans and lease losses to loans and leases (GAAP)	A/C	1.13		%	1.15		%	1.23		%	1.29		%	1.32		%
Allowance for credit losses to loans and leases (Non-GAAP)	B/C	1.28		%	1.31		%	1.38		%	1.42		%	1.45		%

Allowance for loans and lease losses to nonperforming loans and leases (GAAP)	A/D	120		%	122		%	128		%	137		%	135		%
Allowance for credit losses to nonperforming loans and leases (Non-GAAP)	B/D	136		%	139		%	144		%	152		%	148		%

Numbers may not total due to rounding.


CONSOLIDATED NON-GAAP TO GAAP RECONCILIATION
Quarterly, Unaudited

($ in millions)

	1Q26		4Q25		3Q25		2Q25		1Q25
Adjusted Pre-provision Net Revenue (PPNR)
Pre-tax income (GAAP)	$	342	$	343	$	344	$	309	$	285
Plus notable items (pretax) (GAAP) (a)	—		3		8		(4)		6
Adjusted Pre-tax income (non-GAAP)	$	342	$	347	$	352	$	304	$	290
Plus provision for credit losses expense (GAAP)	15		—		(5)		30		40
Adjusted Pre-provision net revenue (PPNR) (non-GAAP)	$	357	$	347	$	347	$	334	$	330
Taxable-equivalent adjustment	3		3		3		4		3
Adjusted Pre-provision net revenue-Taxable-equivalent (Non-GAAP)	$	360	$	350	$	351	$	338	$	334

(a) Adjusted for those notable items relevant to the amount being adjusted, as detailed on page 8.

Numbers may not total due to rounding.

GLOSSARY OF TERMS

Common Equity Tier 1 Ratio: Ratio consisting of common equity adjusted for certain unrealized gains/(losses) on available-for-sale securities, less disallowed portions of goodwill, other intangibles, and deferred tax assets as well as certain other regulatory deductions divided by risk-weighted assets.

Fully Taxable Equivalent (“FTE”): Reflects the amount of tax-exempt income adjusted to a level that would yield the same after-tax income had that income been subject to taxation.

Tier 1 Capital Ratio: Ratio consisting of shareholders’ equity adjusted for certain unrealized gains/(losses) on available-for-sale securities, plus qualifying portions of noncontrolling interests, less disallowed portions of goodwill, other intangible assets, and deferred tax assets as well as certain other regulatory deductions divided by risk-weighted assets.

Key Ratios

Return on Average Assets: Ratio is annualized net income to average total assets.

Return on Average Common Equity: Ratio is annualized net income available to common shareholders to average common equity.

Return on Average Tangible Common Equity: Ratio is annualized net income available to common shareholders to average tangible common equity.

Noninterest Income as a Percentage of Total Revenue: Ratio is noninterest income excluding securities gains/(losses) to total revenue - taxable equivalent excluding securities gains/(losses).

Efficiency Ratio: Ratio is noninterest expense to total revenue - taxable equivalent excluding securities gains/(losses).

Leverage Ratio: Ratio is tier 1 capital to average assets for leverage.

Asset Quality - Consolidated Key Ratios

Nonperforming loans and leases ("NPL") %: Ratio is nonaccruing loans and leases in the loan portfolio to total period-end loans and leases.

Net charge-offs %: Ratio is annualized net charge-offs to total average loans and leases.

Allowance / loans and leases: Ratio is allowance for loan and lease losses to total period-end loans and leases.

Allowance / Nonperforming loans and leases: Ratio is allowance for loan and lease losses to nonperforming loans and leases in the loan portfolio.

Operating Segments

First Quarter 2026 Earnings April 15, 2026

©2026 First Horizon Bank. Member FDIC. Non-GAAP Information Certain measures included in this document are “non-GAAP,” meaning they are not presented in accordance with generally accepted accounting principles in the U.S. and also are not codified in U.S. banking regulations currently applicable to FHN. Although other entities may use calculation methods that differ from those used by FHN for non-GAAP measures, FHN’s management believes such measures are relevant to understanding the financial condition, capital position, and financial results of FHN and its business segments. Non-GAAP measures are reported to FHN's management and Board of Directors through various internal reports. The non-GAAP measures presented in this document are listed, and are reconciled to the most comparable GAAP presentation, in the non-GAAP reconciliation table(s) appearing in the Appendix. In addition, 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 FHN, as demonstrated by their use by banking regulators in reviewing capital adequacy of financial institutions. Although not GAAP terms, these regulatory measures are not considered “non-GAAP” under U.S. financial reporting rules as long as their presentation conforms to regulatory standards. Regulatory measures used in this document include: common equity tier 1 capital, generally defined as common equity less goodwill, other intangibles, and certain other required regulatory deductions; 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; and risk-weighted assets, which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios.This document also includes forward-looking guidance with respect to certain non-GAAP financial measures. FHN 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 and quantify, or to estimate the probable significance of, all of the variables and adjustments that would be needed for such reconciliations. Forward-Looking Statements This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to FHN's beliefs, plans, goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results, or other developments. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “should,” “is likely,” “will,” “going forward,” and other similar expressions that indicate future events and trends. 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 FHN’s control, and many of which, with respect to future business decisions and actions (including acquisitions and divestitures), are subject to change and could cause FHN’s actual future results and outcomes to differ materially from those contemplated or implied by forward-looking statements or historical performance. While there is no assurance that any list of uncertainties and contingencies is complete, examples of factors which could cause actual results to differ from those contemplated by forward-looking statements or historical performance include those mentioned: in this document; in Items 2.02 and 7.01 of FHN’s Current Report on Form 8-K to which this document has been furnished as an exhibit; in the forepart, and in Items 1, 1A, and 7, of FHN’s most recent Annual Report on Form 10-K; and in the forepart, and in Item 1A of Part II, of FHN’s Quarterly Report(s) on Form 10-Q filed after that Annual Report. Any forward-looking statements made by or on behalf of FHN speak only as of the date they are made, and FHN assumes no obligation to update or revise any forward-looking statements that are made in this document or in any other statement, release, report, or filing from time to time. Actual results could differ and expectations could change, possibly materially, because of one or more factors, including those factors listed in this document or the documents mentioned above, and other factors not listed. Throughout this document numbers may not total due to rounding, references to EPS are fully diluted, and capital ratios for the most recent quarter are estimates. Disclaimers 2

©2026 First Horizon Bank. Member FDIC. PPNR, TBVPS, and ROTCE are non-GAAP and are reconciled to GAAP measures in the Appendix. Share count for all periods shown was impacted by share repurchases. $ in millions, except per share data Reported Results 1Q26 Change vs. 1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25 Net interest income $667 $676 $674 $641 $631 ($9) (1%) $36 6% Fee income 195 212 215 189 181 (18) (8%) 13 7% Total revenue 862 888 889 830 812 (26) (3%) 50 6% Expense 505 545 551 491 488 (40) (7%) 17 4% Pre-provision net revenue (PPNR) 357 343 339 339 325 14 4% 32 10% Provision for credit losses 15 — (5) 30 40 15 NM (25) (63%) Pre-tax income 342 343 344 309 285 (1) —% 57 20% Income tax expense 76 78 78 64 63 (2) (2%) 13 22% Net income 266 266 266 244 222 — —% 44 20% Non-controlling interest 3 4 4 4 4 — (12%) (1) (14%) Preferred dividends 5 5 8 8 5 — —% — —% Net income available to common shareholders (NIAC) $257 $257 $254 $233 $213 $1 —% $44 21% Diluted EPS $0.53 $0.52 $0.50 $0.45 $0.41 $0.01 2% $0.12 29% Diluted shares 487 496 510 514 523 (10) (2%) (37) (7%) ROCE 12.3% 12.0% 11.7% 11.1% 10.3% 27bps 196bps ROTCE 15.1% 14.8% 14.5% 13.8% 12.8% 31bps 231bps ROA 1.3% 1.3% 1.3% 1.2% 1.1% 3bps 19bps Net interest margin 3.52% 3.51% 3.55% 3.40% 3.42% 1bps 10bps Fee income / total revenue 22.6% 23.9% 24.2% 22.7% 22.3% (126bps) 34bps Efficiency ratio 58.5% 61.3% 61.9% 59.2% 60.1% (279bps) (152bps) FTEs (full-time equivalent associates) 7,369 7,373 7,341 7,255 7,190 (4) —% 179 2% CET1 ratio 10.5% 10.6% 11.0% 11.0% 10.9% (10bps) (40bps) Effective tax rate 22.2% 22.6% 22.7% 20.8% 22.0% (43bps) 25bps Tangible book value per share (TBVPS) $14.34 $14.20 $13.94 $13.57 $13.17 $0.14 1% $1.17 9% Period end loans $64.4B $64.2B $63.1B $63.3B $62.2B $0.2 —% $2.2 3% Period end deposits $66.5B $67.5B $65.5B $65.6B $64.2B ($1.0) (1%) $2.3 4% Period end loan to deposit ratio 97% 95% 96% 96% 97% 175bps (7bps) 1Q26 reported financial summary 3

©2026 First Horizon Bank. Member FDIC. $ in millions, except per share data Adjusted Results 1Q26 Change vs. 1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25 Net interest income (FTE) $670 $679 $678 $645 $634 ($9) (1%) $36 6% Fee income $195 $212 $215 $189 $181 ($18) (8%) $13 7% Total revenue (FTE) $865 $892 $893 $833 $816 ($26) (3%) $49 6% Expense $505 $541 $542 $495 $482 ($36) (7%) $23 5% Pre-provision net revenue $360 $350 $351 $338 $334 $10 3% $26 8% Provision for credit losses $15 $— ($5) $30 $40 $15 NM ($25) (63%) Net charge-offs $29 $30 $26 $34 $29 ($2) (6%) $— (2%) Reserve build / (release) ($14) ($30) ($31) ($4) $11 $17 55% ($25) NM NIAC $257 $259 $263 $229 $217 ($2) (1%) $40 18% EPS $0.53 $0.52 $0.51 $0.45 $0.42 $0.01 2% $0.11 26% Diluted shares 487 496 510 514 523 (10) (2%) (37) (7%) ROTCE 15.1% 15.0% 15.0% 13.6% 13.1% 16bps 204bps ROA 1.3% 1.3% 1.3% 1.2% 1.1% 2bps 16bps Net interest margin (NIM) 3.52% 3.51% 3.55% 3.40% 3.42% 1bp 10bps Fee income / total revenue 22.6% 23.8% 24.1% 22.6% 22.2% (125bps) 35bps Efficiency ratio 58.3% 60.7% 60.8% 59.5% 59.1% (239bps) (75bps) CET1 Ratio 10.5% 10.6% 11.0% 11.0% 10.9% (10bps) (40bps) TBVPS $14.34 $14.20 $13.94 $13.57 $13.17 $0.14 1% $1.17 9% Effective tax rate 22.2% 22.7% 22.7% 20.8% 22.0% (47bps) 23bps 1Q26 adjusted financial summary PPNR, ROTCE, TBVPS, ACL to loans ratio, fully taxable equivalents, and adjusted financial measures, including measures excluding deferred compensation, are non-GAAP and are reconciled to GAAP measures in the Appendix. Net interest income and margin are adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 21 percent and, where applicable, state income taxes. Share count for all periods shown was impacted by share repurchases. 4

©2026 First Horizon Bank. Member FDIC. 1Q26 highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 NII and NIM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Adjusted fee income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Adjusted expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Asset quality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 2026 outlook . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Strategic focus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 5 Table of Contents 5

©2026 First Horizon Bank. Member FDIC. Earnings: 1Q26 Change vs. 4Q25 Adjusted EPS $0.53 +$0.01 Adjusted PPNR $360 million +3% NIM 3.52% +1bp Capital: CET1 ratio 10.53% (10bps) TBVPS $14.34 +1% Buybacks $233 million NCO% 18bps (1bp) ACL% 1.28% (3bps) NPL% 0.94% — 1Q26 results set a solid foundation for the year Beginning the year with clear momentum 1Q26 adjusted ROTCE 15.1% C&I loan growth +2% Adjusted PPNR improvement vs 1Q25 +8% • Adjusted ROTCE of 15.1%, up 16bps from 4Q25 • Adjusted PPNR of $360 million, up 3% from 4Q25 • NII down $9 million from prior quarter driven primarily by day count • NIM expansion of 1bp driven by decreased deposit costs • Adjusted fee income excluding deferred compensation decreased $12 million, reflecting service charge seasonality and a slight decline in fixed income average daily revenue (ADR) • Adjusted expense excluding deferred compensation decreased $32 million driven by day count, prior quarter incentive accruals, and outside services expense declines • Provision expense of $15 million compared to zero in 4Q25 • Net charge-offs decreased to $29 million, or 0.18% of total loans, down slightly from 4Q25 • CET1 ratio decreased to 10.53% following $233 million of share repurchases in the quarter PPNR, ROTCE, TBVPS, ACL to loans ratio, fully taxable equivalents, and adjusted financial measures are non-GAAP and are reconciled to GAAP measures in the Appendix. Net interest income and margin are adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 21 percent and, where applicable, state income taxes. 6 1Q26 financial highlights

©2026 First Horizon Bank. Member FDIC. • Net interest income decreased $9 million and net interest margin expanded 1bp versus 4Q25 ◦ Interest income and net interest margin both benefited from lower deposit pricing as average interest-bearing costs declined by 25bps ◦ Total loan yields declined by 15bps primarily due to the Fed’s rate cut in December 2025 • As of period end 1Q26, 57%1 of loans are indexed to short-term rates • Fixed rate cash flows over the next year include ~$5 billion of fixed rate loans with a roll-off yield of ~4.8% and $1 billion of securities with a roll-off yield of ~2.9% $634 $645 $678 $679 $670 3.42% 3.40% 3.55% 3.51% 3.52% 1Q25 2Q25 3Q25 4Q25 1Q26 Net interest income ($) and NIM (%) $ in millions NII Margin 4Q25 $679 3.51% Day count ($9) Loan portfolio ($23) (0.11%) Deposit portfolio $28 0.16% Other ($4) (0.04%) 1Q26 $670 3.52% Continued deposit pricing discipline drives strong NIM Net interest income and margin are adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 21 percent and, where applicable, state income taxes. 1Does not include the impact of interest rate hedges. For more detail on the hedges, see slide 17 in the Appendix. 7

©2026 First Horizon Bank. Member FDIC. • 1Q26 period end deposits of $66.5 billion ◦ Decrease of $1.0 billion versus 4Q25, primarily driven by fluctuations in brokered deposits ◦ Retained ~97% of ~$29 billion of total balances associated with repriced deposits in the quarter, while reducing costs by 8bps on these balances • 1Q26 average deposits of $66.2 billion ◦ Brokered deposits averaged $253 million higher in 1Q26 compared to 4Q25 ◦ Average DDA balances decreased $444 million from the prior quarter reflecting seasonality in client balances • 1Q26 interest-bearing rate paid of 2.28%, down 25bps ◦ Maintained strong repricing performance with ~69% cumulative beta since cuts began in 3Q24 ◦ Quarter end interest-bearing deposit spot rate was ~2.27% Period end deposits $64.2B $65.6B $65.5B $67.5B $66.5B $15.8 $15.9 $16.0 $15.8 $15.9 $16.2 $14.7 $13.6 $14.2 $14.2 $29.4 $30.6 $31.7 $31.5 $31.1 $2.8 $4.4 $4.2 $6.0 $5.3 Noninterest bearing deposits Base rate deposits Customer promos, CDs, & indexed deposits Brokered deposits 1Q25 2Q25 3Q25 4Q25 1Q26 Deposit portfolio reflects balance sheet seasonality 8

©2026 First Horizon Bank. Member FDIC. Period end loans • 1Q26 period end loans of $64.4 billion, slightly up versus 4Q25 ◦ C&I excluding loans to mortgage companies (LMC) grew $624 million, or 2% ◦ LMC decreased $62 million ◦ CRE balances declined $143 million • Average loan balances decreased by $240 million from 4Q25 which reflects a $275 million seasonal decrease in LMC early in the quarter • Period end total loan portfolio line utilization of 44%1 • Loan yield compression of 15bps to 5.68% • Asset sensitive profile reflected in loan composition of 57% variable rate, 12% ARM, and 31% fixed rate3 $62.2B $63.3B $63.1B $64.2B $64.4B $30.0B $30.3B $30.5B $31.2B $31.8B $14.1B $13.9B $13.7B $13.6B $13.4B $14.1B $14.4B $14.4B $14.1B $13.9B $3.4B $4.1B $3.9B $4.7B $4.6B C&I ex LMC Commercial real estate (CRE) Consumer real estate LMC Credit card & other² 1Q25 2Q25 3Q25 4Q25 1Q26 Loan portfolio growth driven by strong C&I performance 1Utilization rates exclude loans to mortgage companies. 2Credit card & other was $0.6B in 1Q25, 2Q25, 3Q25, 4Q25, and 1Q26. 3Does not include the impact of interest rate hedges. For more detail on the hedges, see slide 17 in the Appendix. 9

©2026 First Horizon Bank. Member FDIC. • 1Q26 adjusted fee income excluding deferred compensation decreased $12 million from 4Q25 ◦ Fixed income down $4 million from 4Q25 as average daily revenue decreased slightly to $742k, remaining generally in line with expectations ◦ Service charges and fees decreased by $6 million, reflecting elevated equipment finance income in the fourth quarter (net impact of $2 million) as well as seasonality and day count impacts on service charges ($2 million impact) $ in millions Adjusted Results 1Q26 Change vs. 1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25 Fixed income $53 $57 $57 $42 $49 ($4) (7%) $4 8% Mortgage banking $9 $10 $15 $10 $8 ($1) (10%) $1 13% Service charges and fees $58 $64 $57 $55 $52 ($6) (9%) $6 11% Brokerage, trust, and insurance $43 $41 $39 $39 $38 $1 3% $5 12% Card and digital banking fees $18 $18 $19 $19 $18 $0 (1%) $1 4% Deferred compensation income $(3) $3 $8 $8 $(3) ($5) NM $0 (1%) Securities gains/(losses) $(1) $0 $0 $0 $0 ($1) NM ($1) NM Other noninterest income $16 $18 $19 $16 $18 ($2) (11%) ($2) (11%) Total fee income $195 $212 $215 $189 $181 ($18) (8%) $13 7% Fee income ex deferred comp $197 $209 $207 $181 $184 ($12) (6%) $13 7% Fixed income ADR1 $742k $765k $771k $550k $586k ($23k) (3%) $157k 27% Strong year-over-year fee income improvement 10 Adjusted financial measures, including measures excluding deferred compensation, are non-GAAP and are reconciled to GAAP measures in the Appendix. 1Fixed Income ADR is based upon Fixed Income trading revenues and excludes other product revenues (e.g. investment advisory, derivatives, loan trading and other service related revenues).

©2026 First Horizon Bank. Member FDIC. • 1Q26 adjusted expense excluding deferred compensation decreased $32 million versus 4Q25 ◦ Personnel expense excluding deferred compensation decreased $10 million ▪ Salaries and benefits decreased $2 million driven by lower day count ▪ Incentives and commissions decreased $8 million following incentive accruals in the fourth quarter ◦ Outside services decreased by $26 million mostly driven by the completion of technology, risk, and product initiatives and reduced marketing expense ◦ Other noninterest expense increased by $3 million primarily reflecting increased marketing customer incentives for new accounts $ in millions Adjusted Results 1Q26 Change vs. 1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25 Salaries and benefits $211 $213 $209 $206 $201 ($2) (1%) $10 5% Incentives and commissions $79 $87 $79 $73 $81 ($8) (9%) ($1) (2%) Deferred compensation expense ($2) $3 $8 $7 $(3) ($5) NM $1 47% Total personnel expense $289 $303 $296 $286 $279 ($14) (5%) $10 4% Occupancy and equipment1 $84 $83 $80 $79 $78 $1 2% $6 8% Outside services $69 $95 $79 $71 $63 ($26) (27%) $6 9% Amortization of intangible assets $8 $9 $9 $10 $10 ($1) (8%) ($2) (16%) Other noninterest expense $55 $52 $79 $50 $52 $3 6% $3 6% Adjusted total noninterest expense $505 $541 $542 $495 $482 ($36) (7%) $23 5% Expense ex deferred comp $507 $538 $534 $489 $485 ($32) (6%) $22 4% Full-time equivalent associates 7,369 7,373 7,341 7,255 7,190 (4) —% 179 2% Disciplined expense management to start the year Adjusted financial measures, including measures excluding deferred compensation, are non-GAAP and are reconciled to GAAP measures in the Appendix. 1Occupancy and equipment expense includes computer software expense. 11

©2026 First Horizon Bank. Member FDIC. Non-performing loans (NPLs)Allowance for credit losses (ACL) Net charge-offs (NCOs) FHN NCO%1 Average NCO% of BKX Index2 $29 $34 $26 $30 $29 0.19% 0.22% 0.17% 0.19% 0.18% 0.59% 0.54% 0.60% 0.56% 1Q25 2Q25 3Q25 4Q25 1Q26 FHN NCOs $905 $901 $870 $839 $826 1.45% 1.42% 1.38% 1.31% 1.28% ACL ACL/Loans 1Q25 2Q25 3Q25 4Q25 1Q26 $609 $593 $605 $604 $606 0.98% 0.94% 0.96% 0.94% 0.94% NPLs $ NPLs % 1Q25 2Q25 3Q25 4Q25 1Q26 • 1Q26 net charge-offs of $29 million ◦ NCO ratio of 0.18%, down slightly from 4Q25 ◦ Results include $17 million of recoveries • Provision expense of $15 million in 1Q26 ◦ 1Q26 ACL to loans ratio decreased to 1.28%, driven by the continued positive resolution of non-pass loans, which are down over 20% year-over-year • NPL ratio of 94bps, consistent with 4Q25 • Excluding LMC, non-depository financial institution (NDFI) lending is ~6% of loans Credit performance remains consistent 12 ACL to loans ratio is non-GAAP and is reconciled to the GAAP measure in the Appendix. 1Net charge-off ratio is annualized and as % of average loans. 2Excludes trust and investment banks. Historical numbers have changed due to the reweighting of the BKX index.

©2026 First Horizon Bank. Member FDIC. 10.63% 0.35% (0.11)% (0.32)% (0.06)% 0.04% 10.53% 4Q25 Actual NIAC Common Dividend Share Buybacks Change in Loan Balances & Unfunded Commitments Other¹ 1Q26 Estimate • CET1 ratio decreased to 10.53% ◦ CET1 changes were supported by share buybacks of $233 million at $24.54 per share3 ◦ $765 million of authorization remaining under repurchase program approved in 4Q25 ◦ Tier 1 and total capital ratios up 44 basis points and 39 basis points, respectively, from 4Q25 driven by the $400 million Series H Preferred Stock issuance in March 2026 • TBVPS of $14.34 increased $0.14 versus 4Q25 driven by NIAC contribution of $0.53 and is up $1.17 year-over-year Capital ratios Common equity tier 1 (CET1) Tangible book value per share (TBVPS) 14.1% 14.0% 13.8% 13.3% 13.7% CET1 ratio Tier 1 capital ratio Total capital ratio 1Q25 2Q25 3Q25 4Q25 1Q26 $14.20 $0.53 $(0.17) $(0.05) $(0.20) $0.03 $14.34 4Q25 Actual NIAC Impact Common Dividends Marks on AFS & Hedges Share Buybacks Other² 1Q26 Actual 10.9% 11.0% 11.0% 10.6% 10.5% 11.5%11.9%12.0%11.9% 11.9% Capital levels continue progress towards near term targets 13 TBVPS and adjusted financial measures are non-GAAP and are reconciled to GAAP measures in the Appendix. 1Other category includes other capital changes such as DTA, intangibles, and options exercised and other risk weighted asset (“RWA”) changes. 2Other includes change in intangibles and equity compensation. 3Weighted average share price of $24.54 includes related commission expenses.

©2026 First Horizon Bank. Member FDIC. Core objectives Pre-provision net revenue growth1 Mid-single digit balance sheet growth Positive operating leverage Key metrics 2025 Baseline 2026 Expectations Comments Adjusted Revenue ex. deferred comp. $3.42 billion 3 – 7% Revenue range reflects outcomes from various rate environments Adjusted Expenses ex. deferred comp. $2.05 billion ~0% Flat guidance excludes bonuses/ commissions from incremental counter-cyclical revenue Net Charge-Offs 0.19% 0.15% – 0.25% Reflects continued strong credit performance Tax Rate 22.1% 21% – 23% Discrete items will slightly impact the quarterly rate CET1 Ratio 10.63% ~10.5% Near term target now 10.5% level will vary with loan growth 2 3 Reiterating 2026 outlook 14 Expectation ranges built on base case assumptions in line with forward interest rate curve as of October 31, 2025 (25bp cuts in April 2026 and July 2026) with various scenarios used to develop the range. PPNR and adjusted financial measures, including measures excluding deferred compensation and fully taxable equivalents, are non-GAAP and are reconciled to GAAP measures in the Appendix. This page and the following one also include forward-looking guidance with respect to certain non-GAAP financial measures. FHN 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 and quantify, or to estimate the probable significance of, all of the variables and adjustments that would be needed for such reconciliations. Net interest income and margin are adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 21 percent and, where applicable, state income taxes. Variability in deferred compensation may impact growth rates in noninterest income and noninterest expense but should have an offsetting and immaterial impact on pretax income.

©2026 First Horizon Bank. Member FDIC. PPNR, ROTCE, TBVPS, ACL to loans ratio, fully taxable equivalents, and adjusted financial measures are non-GAAP and are reconciled to GAAP measures in the Appendix. Net interest income and margin are adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 21 percent and, where applicable, state income taxes. Key ingredients to sustained return levels Adjusted ROTCE trends FY24 12.5% FY25 14.2% Last Twelve Months 14.7% Capital Credit Profitability Strategic capital management to opportunistically deploy excess capital and lower CET1 to intermediate-term target of 10-10.5% Operate with through-the-cycle discipline: low losses, normalized provision that trends with loan growth, and appropriate reserve coverage Deliver revenue-driven PPNR growth with a balanced model; drive positive operating leverage with expense discipline while investing in growth $100mm+ revenue-driven, PPNR opportunity Areas of focus Examples of progress since mid-2025 • Client relationship growth • Maximizing revenue opportunities • Product and business line penetration • Product enhancements • CRE pricing enhancements with better business line alignment (~$2mm+ in yield- driven profitability and fee improvements) • Deeper partnership between regional and specialty teams (~$5mm annualized value captured) • Treasury management service momentum going into 2026 (~$5mm annual impact) • Initial phases of wealth management penetration growth (Growing into several million throughout the year) Sustaining 15%+ adjusted ROTCE through focused execution over the intermediate term 15

©2026 First Horizon Bank. Member FDIC. Variable 57% Fixed 31% ARMs 12% $64.4B Floors 60% Swaps 40% $5.0B Loan repricing profile Balance sheet hedges Modest interest rate sensitivity1 +100bps +1.9% -100bps -2.6% • Modestly asset-sensitive profile driven by 57% variable rate loan mix • Within the ARM portfolio, only 12% of loans will be in their variable period within the next year • Floors with strike prices between 1.25% and 2.5% and maturities ranging from late 2027 to early 2029 • Receive fixed swaps with fixed rates between 2.6% and 3.0% and maturities in 2027 and 2029 change in the next 12 months’ NII for an instantaneous, parallel shock on a static balance sheet Insured 58% Neither 34%8% $66.5B 66% of deposits insured or collateralized Collateralized • Commercial deposits of $39 billion or 59% and consumer deposits of $28 billion or 41% • Attractive lower-cost deposit base with 24% comprised of non-interest bearing products • Contingency funding plan equates to ~132% of uninsured or uncollateralized deposits Actively managing liquidity and interest rate sensitivity 17 1Estimate as of 3/31/2026.

©2026 First Horizon Bank. Member FDIC. Average Fed Funds Effective • Our diversified business model with a highly attractive geographic footprint provides opportunity to deliver strong performance through a variety of economic cycles • The counter-cyclical businesses (fixed income, loans to mortgage companies, and mortgage) provide a counterbalance to the asset sensitive balance sheet during periods of declining interest rates $754 $1,084 $1,222 $1,374 $1,370 $1,299 $1,372 $1,460 All Other Adjusted PPNR Counter-Cyclicals² Avg Fed Funds Effective Rate 2019¹ (pre-IBKC) 2020¹ (IBKC in 2H20) 2021 2022 2023 2024 2025 2026 YTD Annualized $— $200 $400 $600 $800 $1,000 $1,200 $1,400 0% 1% 2% 3% 4% 5% 6% 7% 8% $158 / 21% $406 / 37% $347 / 28% $81 / 6% $26 / 2% $108 / 8% $596 / 79% $678 / 63% $875 / 72% $1,266 / 92% $1,344 / 98% $1,218 / 94% Adjusted PPNR in millions $118 / 9% 1,254 / 91% Track record of strong results supported by stable, diversified business mix 18 Adjusted pre-provision net revenue (PPNR) is a non-GAAP measure and is reconciled to pre-tax income (GAAP) in the Appendix. Numbers may not total due to rounding. 12019 and 1H20 are standalone FHN, as the IBKC merger-of-equals did not occur until July 1, 2020. 2Counter-cyclical PPNR includes direct and allocated fees and expenses, as well as net interest income net of funds transfer pricing. $115 / 8% $1,345 / 92%

©2026 First Horizon Bank. Member FDIC. 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 19 20 20 20 21 20 22 20 23 20 24 20 25 —% 2.00% 4.00% 6.00% $0.0 $0.5 $1.0 $1.5 $2.0 Lower Revenue Market Factor Higher Revenue 2025 Environment Current Environment Up Rate Direction Down Decline in short-term rates Up Extreme (low/high) Market Volatility Moderate Improved volatility environment in 2H25 Moderately high Flat/Inverted Yield Curve Shape Steep Improved, flat vs historical Flat vs historical Tight Corporate & Mortgage Spreads Wide Tight Tight Lower Depository Liquidity Greater Neutral impact Greater • FHN Financial provides fixed income sales & trading, investment advisory, interest rate derivatives and other services to financial institutions, municipalities and other institutional investors across the United States and internationally • In addition to trading revenues, FHN Financial generates ~$40 million annually of fee income from other products, including investment advisory, derivatives, loan trading and other service related revenue • ~4,000 active institutional clients • Clients include approximately one third of all US banks and 50% of banks with portfolios over $100 million in size FOMC easing during GFC FOMC ZIRP Policy Normalizing FOMC Policy FOMC easing during pandemic FOMC tightening to fight inflation Fed Funds Average ADR in millions $1.6 $1.2 $0.7 $1.3 $0.5 Early stage of FOMC easing $0.7 FHN Financial’s strong full-cycle returns are counter-cyclical to bank franchise 19

©2026 First Horizon Bank. Member FDIC. A balanced mix of NDFI, designed to manage risk and capture opportunity across cycles $8.6B $3.9B 7% 6% 87% LMC Non-LMC NDFI All Other 20 All loan balance references are to period-end loans. All NDFI numbers are sourced from the call report as of 12/31/2025. 4Q25 call report NDFI exposure Loans to mortgage companies (LMC) Non-LMC NDFI Short-tenor, collateralized, high monitoring cadence Non-LMC NDFI spread across multiple industries, managed via experienced teams and includes risk monitoring like onsite collateral inspections LMC is the majority of NDFI lending $64.2 4Q25 period-end loans NDFI represents a small portion of the loan portfolio Non-depository financial institution (NDFI) Keys LMC exposure represents very low risk (~1bp average annualized NCOs over the last 10 years) Remaining exposure is primarily in specialty ABL vertical with diversified industries, deep expertise, and on staff inspectors NDFI non-accruals are only 0.37% of total NDFI~55% of 12/31/25 call report NDFI

©2026 First Horizon Bank. Member FDIC. Other 14 Industries 24% Mortgage Warehouse 13% Finance & Insurance 11% Real Estate & Leasing 11% Wholesale Trade 7% Health Care & Social Assistance 7% Accommodation & Food Service 7% Manufacturing 7% Retail Trade 5% Transportation & Warehousing 5% Energy 3% Multi-family 51% Office 4% All other CRE 45% Total loan portfolio RE installment loans 81% HELOC 15% Credit card & other 4% Total loans $64.4B Consumer $14.5B C&I $36.5B Consumer by product CRE $13.4B • C&I ◦ No more than 13% C&I exposure to any industry ◦ Period end C&I portfolio line utilization of 45%1 • CRE ◦ No significant upcoming repricing events, as ~72% of loans are floating and ~$3B on average maturing annually throughout 2026 and 2027 ◦ Granular portfolio with less than 0.5% of loan relationships by count with commitments above $50 million ◦ Medical office comprises 52% of outstanding office balances • Consumer ◦ Consumer portfolio focused on real estate, with negligible exposure to auto or consumer credit card C&I by industry Land 2% Construction 9% Other CRE 3% Hospitality 8% Industrial 14% Retail 17% Office 19% Multi-Family 28% CRE by property type CRE $13.4B C&I 57% CRE 21% Consumer 22% Industry & product diversification: total loan portfolio Numbers may not total to 100% due to rounding. 1Utilization rates exclude loans to mortgage companies. 21

©2026 First Horizon Bank. Member FDIC. 29% $36.5B 9% FL 31% TX 21% GA 9% NC 10% TN 6% LA 5% Other SE1 6% 7% 16% 13% SC 3% Total C&I Multi- family Traditional office Other CRE Total CRE $4.4B $1.2B $7.8B $13.4B C&I C&I exposure to markets outside the southeast primarily driven by specialty businesses with no state accounting for more than 7% $49.9B commercial loan portfolio with 76% in attractive southeastern footprint Southeastern (SE) footprint All other TN 19% FL 12% TX 10% NC 6% LA 6% GA 5% SC 2% Other SE1 11% Geographic diversification: commercial loan portfolio All loan balances are period end unless otherwise noted. Numbers may not total 100% due to rounding. 1Other southeastern (SE) includes AR, AL, MS, and VA. 22 NC 21% FL 14% TN 17% GA 11% TX 13% Other SE1 6% LA 7% SC 4% FL 26% NC 12% LA 9% TN 8% TX 10% GA 6% SC 5% Other SE1 8% FL 26% TX 14% NC 12% TN 8% GA 8% LA 8% SC 4% Other SE1 7% CRE Map excludes $12.3 of loans outside of the southeastern footprint driven by specialty business lines

©2026 First Horizon Bank. Member FDIC. 1Q26 investment portfolio composition2 Steady principal cash flows3 Investment portfolio $0.3B $0.4B $0.3B $0.3B 2Q26 3Q26 4Q26 1Q27 Agency MBS 38% Agency CMBS 27% Agency CMO 14% U.S. Agencies & Treasury 16% States & Municipalities 4% $9.2B $9.3B $9.3B $9.3B $9.5B 3.02% 3.06% 3.09% 3.06% 3.02% Average AFS Securities Average HTM Securities Average Yield 1Q25 2Q25 3Q25 4Q25 1Q26 • 1Q26 investment portfolio represents ~11% of total assets ◦ Moderate total portfolio effective duration of 3.7 years ◦ Low reliance on the HTM designation at ~13% of total portfolio ◦ 96% U.S. government or agency-backed by GSEs • 1Q26 total unrealized losses on the AFS and HTM portfolios of $0.8B, consistent with 4Q25 levels 1Q25 2Q25 3Q25 4Q25 1Q26 % of total assets 11% 11% 11% 11% 11% Pre-tax unrealized losses ($1.0B) ($1.0B) ($0.9B) ($0.8B) ($0.8B) Effective duration (years) 4.5 4.4 4.2 3.9 3.7 Excess collateral ratio1 36% 30% 34% 26% 35% Investment portfolio prudently managed to support liquidity and IRR 23 1Unpledged securities and securities pledged in excess of collateral requirements divided by total securities. 2Calculated based on period end market values. 3Estimated as of 3/31/2026; includes maturities and projected calls.

©2026 First Horizon Bank. Member FDIC. $ in millions, except EPS 1Q26 4Q25 3Q25 2Q25 1Q25 Summary of Notable Items: Deferred compensation adjustment $— $— $— $4 $— FDIC special assessment (other noninterest expense) $— $7 $2 $1 $(1) Other notable expenses * $— $(10) $(10) $— $(5) Total notable items (pre-tax) $— $(3) $(8) $4 $(6) Tax-related notable items $— $— $— $— $— Preferred Stock Dividend ** $— $— $(3) $— $— Notable items 24 Numbers may not total due to rounding. * 4Q25 and 3Q25 each include $10 million of Visa derivative valuation expenses and 1Q25 includes $5 million. ** 3Q25 includes $3 million deemed dividends on the redemption of $80 million par value of Series B Preferred Stock.

©2026 First Horizon Bank. Member FDIC. Slides in this presentation use non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. $ in millions, except per share data Quarterly, Unaudited 1Q26 4Q25 3Q25 2Q25 1Q25 Tangible Common Equity (non-GAAP) (A) Total equity (GAAP) $9,465 $9,142 $9,244 $9,257 $9,044 Less: Noncontrolling interest (a) 295 295 295 295 295 Less: Preferred stock (a) 741 349 349 426 426 (B) Total common equity $8,429 $8,498 $8,600 $8,536 $8,322 Less: Intangible assets (GAAP) (b) 1,607 1,615 1,624 1,633 1,643 (C) Tangible common equity (non-GAAP) $6,822 $6,882 $6,976 $6,903 $6,680 Tangible Assets (non-GAAP) (D) Total assets (GAAP) $84,132 $83,876 $83,192 $82,084 $81,491 Less: Intangible assets (GAAP) (b) 1,607 1,615 1,624 1,633 1,643 (E) Tangible assets (non-GAAP) $82,525 $82,261 $81,568 $80,451 $79,849 Period end Shares Outstanding (F) Period end shares outstanding 476 485 500 509 507 Ratios (A)/(D) Total equity to total assets (GAAP) 11.25% 10.90% 11.11% 11.28% 11.10% (C)/(E) Tangible common equity to tangible assets (“TCE/TA”) (non-GAAP) 8.27% 8.37% 8.55% 8.58% 8.37% (B)/(F) Book value per common share (GAAP) $17.72 $17.53 $17.19 $16.78 $16.40 (C)/(F) Tangible book value per common share (non-GAAP) $14.34 $14.20 $13.94 $13.57 $13.17 Reconciliation to GAAP financials (a) Included in total equity on the Consolidated Balance Sheet. (b) Includes goodwill and other intangible assets, net of amortization. Numbers may not total due to rounding. 25

©2026 First Horizon Bank. Member FDIC. $ in millions, except per share data Quarterly, Unaudited 1Q26 4Q25 3Q25 2Q25 1Q25 Adjusted Diluted EPS Net income available to common shareholders ("NIAC") (GAAP) a $257 $257 $254 $233 $213 Plus Total notable items (after-tax) (Non-GAAP) (a) — 2 9 (3) 4 Adjusted net income available to common shareholders (Non-GAAP) b $257 $259 $263 $229 $217 Diluted Shares (GAAP) c $487 $496 $510 $514 $523 Diluted EPS (GAAP) a/c $0.53 $0.52 $0.50 $0.45 $0.41 Adjusted diluted EPS (Non-GAAP) b/c $0.53 $0.52 $0.51 $0.45 $0.42 Adjusted Net Income ("NI") and Adjusted Return on Assets ("ROA") Net Income ("NI") (GAAP) $266 $266 $266 $244 $222 Plus Relevant notable items (after-tax) (Non-GAAP) (a) $— $2 $6 $(3) $4 Adjusted NI (Non-GAAP) $266 $268 $272 $241 $227 NI (annualized) (GAAP) d $1,079 $1,054 $1,055 $980 $901 Adjusted NI (annualized) (Non-GAAP) e $1,079 $1,064 $1,079 $967 $919 Average assets (GAAP) f $83,045 $83,081 $82,049 $81,958 $80,965 ROA (GAAP) d/f 1.30% 1.27% 1.29% 1.20% 1.11% Adjusted ROA (Non-GAAP) e/f 1.30% 1.28% 1.32% 1.18% 1.14% Return on Average Common Equity ("ROCE")/ Return on Average Tangible Common Equity ("ROTCE")/ Adjusted ROTCE Last twelve months NIAC (annualized) (GAAP) g $1,044 $1,018 $1,007 $933 $864 $1,000 Adjusted NIAC (annualized) (Non-GAAP) h $1,044 $1,028 $1,042 $919 $882 $1,008 Average Common Equity (GAAP) i $8,514 $8,491 $8,579 $8,376 $8,389 $8,490 Intangible Assets (GAAP) (b) $1,611 $1,619 $1,628 $1,638 $1,648 $1,624 Average Tangible Common Equity (Non-GAAP) j $6,903 $6,872 $6,950 $6,738 $6,742 $6,866 Equity Adjustment (Non-GAAP) $— $— $— $— $— $3 Adjusted Average Tangible Common Equity (Non-GAAP) k $6,903 $6,872 $6,950 $6,738 $6,742 $6,868 ROCE (GAAP) g/i 12.26% 11.99% 11.74% 11.14% 10.30% 11.78% ROTCE (Non-GAAP) g/j 15.12% 14.82% 14.49% 13.85% 12.81% 14.57% Adjusted ROTCE (Non-GAAP) h/k 15.12% 14.96% 15.00% 13.65% 13.08% 14.68% Slides in this presentation use non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Reconciliation to GAAP financials 26 (a) Adjusted for notable items as detailed on page 24. (b) Includes goodwill and other intangible assets, net of amortization. Numbers may not total due to rounding.

©2026 First Horizon Bank. Member FDIC. $ in millions Quarterly, Unaudited 1Q26 4Q25 3Q25 2Q25 1Q25 Adjusted Noninterest Income as a % of Total Revenue Noninterest income (GAAP) l $195 $212 $215 $189 $181 Plus notable items (pretax) (GAAP) (a) $— $— $— $— $— Adjusted noninterest income (Non-GAAP) m $195 $212 $215 $189 $181 Revenue (GAAP) n $862 $888 $889 $830 $812 Taxable-equivalent adjustment $3 $3 $3 $4 $3 Revenue- Taxable-equivalent (Non-GAAP) $865 $892 $893 $833 $816 Plus notable items (pretax) (GAAP) (a) $— $— $— $— $— Adjusted revenue (Non-GAAP) o $865 $892 $893 $833 $816 Securities gains/(losses) (GAAP) p $(1) $— $— $— $— Noninterest income as a % of total revenue (GAAP) (l-p)/(n-p) 22.63% 23.89% 24.16% 22.73% 22.29% Adjusted noninterest income as a % of total revenue (Non-GAAP) (m-p)/(o-p) 22.55% 23.80% 24.07% 22.63% 22.20% Adjusted Efficiency Ratio Noninterest expense (GAAP) q $505 $545 $551 $491 $488 Plus notable items (pretax) (GAAP) (a) $— $(3) $(8) $4 $(6) Adjusted noninterest expense (Non-GAAP) r $505 $541 $542 $495 $482 Revenue (GAAP) s $862 $888 $889 $830 $812 Taxable-equivalent adjustment $3 $3 $3 $4 $3 Revenue- Taxable-equivalent (Non-GAAP) $865 $892 $893 $833 $816 Plus notable items (pretax) (GAAP) (a) — — — — — Adjusted revenue (Non-GAAP) t $865 $892 $893 $833 $816 Securities gains/(losses) (GAAP) u $(1) $— $— $— $— Efficiency ratio (GAAP) q/(s-u) 58.54% 61.33% 61.92% 59.20% 60.06% Adjusted efficiency ratio (Non-GAAP) r/(t-u) 58.34% 60.73% 60.76% 59.47% 59.09% Slides in this presentation use non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Reconciliation to GAAP financials (a) Adjusted for notable items as detailed on page 24. Numbers may not total due to rounding. 27

©2026 First Horizon Bank. Member FDIC. $ in millions Period end Average 1Q26 4Q25 1Q26 vs. 4Q25 1Q26 4Q25 1Q26 vs. 4Q25 Loans excluding LMC Total Loans (GAAP) $64,377 $64,156 $221 —% $63,192 $63,432 $(240) —% LMC (GAAP) 4,641 4,703 (62) (1)% 3,884 4,160 (275) (7)% Total Loans excl. LMC (non-GAAP) 59,736 59,453 283 —% 59,308 59,273 35 —% Total Consumer (GAAP) 14,490 14,688 (198) (1)% 14,567 14,841 (274) (2)% Total Commercial excl. LMC (non-GAAP) 45,246 44,765 481 1% 44,741 44,432 309 1% Total CRE (GAAP) 13,420 13,563 (143) (1)% 13,417 13,587 (170) (1)% Total C&I excl. LMC (non-GAAP) $31,826 $31,202 $624 2% $31,324 $30,845 $479 2% $ in millions Quarterly, Unaudited 1Q26 4Q25 3Q25 2Q25 1Q25 Allowance for credit losses to loans and leases and Allowance for credit losses to nonperforming loans and leases Allowance for loan and lease losses (GAAP) A $730 $738 $777 $814 $822 Reserve for unfunded commitments (GAAP) 96 101 93 87 83 Allowance for credit losses (Non-GAAP) B $826 $839 $870 $901 $905 Loans and leases (GAAP) C $64,377 $64,156 $63,058 $63,260 $62,215 Nonaccrual loans and leases (GAAP) D $606 $604 $605 $593 $609 Allowance for loans and lease losses to loans and leases (GAAP) A/C 1.13% 1.15% 1.23% 1.29% 1.32% Allowance for credit losses to loans and leases (Non-GAAP) B/C 1.28% 1.31% 1.38% 1.42% 1.45% Allowance for loans and lease losses to nonperforming loans and leases (GAAP) A/D 120% 122% 128% 137% 135% Allowance for credit losses to nonperforming loans and leases (Non-GAAP) B/D 136% 139% 144% 152% 148% Slides in this presentation use non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Reconciliation to GAAP financials 28 Numbers may not total due to rounding.

©2026 First Horizon Bank. Member FDIC. $ in millions Quarterly, Unaudited 1Q26 4Q25 3Q25 2Q25 1Q25 Adjusted noninterest income excluding deferred compensation income Noninterest income (GAAP) $195 $212 $215 $189 $181 Plus notable items (pretax) (GAAP) (a) — — — — — Adjusted noninterest income (non-GAAP) $195 $212 $215 $189 $181 Less adjusted deferred compensation income (GAAP) (3) 3 8 8 (3) Adjusted noninterest income excluding deferred compensation income (non-GAAP) $197 $209 $207 $181 $184 Adjusted revenue excluding deferred compensation income Revenue (GAAP) $862 $888 $889 $830 $812 Taxable-equivalent adjustment $3 $3 $3 $4 $3 Revenue- Taxable-equivalent (non-GAAP) $865 $892 $893 $833 $816 Plus notable items (pretax) (GAAP) (a) $— $— $— $— $— Adjusted revenue (non-GAAP) $865 $892 $893 $833 $816 Less adjusted deferred compensation income (GAAP) (3) 3 8 8 (3) Adjusted revenue excluding adjusted deferred compensation income (non-GAAP) $868 $889 $884 $826 $818 Adjusted noninterest expense excluding deferred compensation expense Noninterest expense (GAAP) $505 $545 $551 $491 $488 Plus notable items (pretax) (GAAP) (a) $— $(3) $(8) $4 $(6) Adjusted noninterest expense (non-GAAP) $505 $541 $542 $495 $482 Less adjusted deferred compensation expense (GAAP) (2) 3 8 7 (3) Adjusted noninterest expense excluding deferred compensation expense (non-GAAP) $507 $538 $534 $489 $485 Adjusted personnel expense excluding deferred compensation expense Personnel expense (GAAP) $289 $303 $296 $282 $279 Plus notable items (pretax) (GAAP) (a) $— $— $— $4 $— Adjusted personnel expense (non-GAAP) $289 $303 $296 $286 $279 Less adjusted deferred compensation expense (GAAP) (2) 3 8 7 (3) Adjusted personnel expense excluding deferred compensation expense (non-GAAP) $290 $300 $288 $279 $282 Slides in this presentation use non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Reconciliation to GAAP financials (a) Adjusted for notable items as detailed on page 24. Numbers may not total due to rounding. 29

©2026 First Horizon Bank. Member FDIC. $ in millions Quarterly, Unaudited 1Q26 4Q25 3Q25 2Q25 1Q25 Adjusted Pre-provision Net Revenue (PPNR) Pre-tax income (GAAP) $ 342 $ 343 $ 344 $ 309 $ 285 Plus notable items (pretax) (GAAP) (a) — 3 8 (4) 6 Adjusted Pre-tax income (non-GAAP) $ 342 $ 347 $ 352 $ 304 $ 290 Plus provision for credit losses expense (GAAP) 15 — (5) 30 40 Adjusted Pre-provision net revenue (PPNR) (non-GAAP) $ 357 $ 347 $ 347 $ 334 $ 330 Taxable-equivalent adjustment 3 3 3 4 3 Adjusted Pre-provision net revenue-Taxable-equivalent (non-GAAP) $ 360 $ 350 $ 351 $ 338 $ 334 $ in millions 2024 2025 2026 YTD 2019 2020 2021 2022 2023 Annualized Adjusted Pre-provision Net Revenue (PPNR) Pre-tax Income (GAAP) $586 $933 $1,284 $1,159 $1,128 $1,005 $1,281 $1,387 Provision for Credit Losses Expense (GAAP) 45 503 (310) 95 260 150 65 61 Total PPNR (non-GAAP) $631 $1,436 $974 $1,254 $1,388 $1,155 $1,346 $1,448 Taxable-equivalent adjustment (9) (11) (12) (13) (16) (15) (14) (12) Notable Items (GAAP) (a) (114) 363 (235) (107) 33 (129) (13) — Adjusted PPNR (non-GAAP) $754 $1,084 $1,222 $1,374 $1,370 $1,299 $1,372 $1,460 All Other adjusted PPNR (non-GAAP) $596 $678 $875 $1,266 $1,344 $1,218 $1,254 $1,345 Counter-cyclical Adjusted PPNR (non-GAAP) $158 $406 $347 $108 $26 $81 $118 $115 Slides in this presentation use non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Reconciliation to GAAP financials (a) Adjusted for notable items as detailed on page 24. Numbers may not total due to rounding. Notable items can be found in the appendices of earnings releases in previously furnished 8-K filings related to the periods shown. 30

Source: View Original Filing on SEC EDGAR

FAQ

How did First Horizon (FHN) perform financially in Q1 2026?

First Horizon reported net income available to common shareholders of $257 million and diluted EPS of $0.53 in Q1 2026. Total revenue reached $862 million, up 6% year-over-year, supported by a 3.52% net interest margin and lower noninterest expense.

How do First Horizon’s Q1 2026 results compare to the prior year?

Net income available to common shareholders increased 21% year-over-year from $213 million to $257 million, while diluted EPS rose from $0.41 to $0.53. Return on average tangible common equity improved from 12.8% to 15.1%, reflecting stronger profitability.

What were First Horizon’s key profitability metrics in Q1 2026?

First Horizon generated a net interest margin of 3.52%, an efficiency ratio of 58.54%, ROA of 1.30%, and ROTCE of 15.1%. Adjusted ROTCE also measured 15.1%, supported by solid revenue and expense discipline across business segments.

How did asset quality trend for First Horizon in Q1 2026?

Asset quality remained stable, with net charge-offs of $29 million and a net charge-off ratio of 0.18%. Nonperforming loans totaled $606 million, representing 0.94% of loans and leases, while the allowance for credit losses was 1.28% of loans.

What is First Horizon’s capital position after Q1 2026?

First Horizon reported a 10.5% common equity tier 1 (CET1) ratio, total capital ratio of 13.7%, and tier 1 leverage ratio of 10.6%. Risk-weighted assets were $73.3 billion, supporting continued growth and capital returns to shareholders.

Did First Horizon return capital to shareholders in Q1 2026?

Yes. First Horizon repurchased $233 million of common stock at an average price of $24.54 per share, including commissions. The company also declared a quarterly common dividend of $0.17 per share, up from $0.15 per share a year earlier.

What were First Horizon’s loan and deposit levels in Q1 2026?

Period-end loans and leases were $64.4 billion, up from $64.2 billion in the prior quarter, while total deposits were $66.5 billion. The loans-to-deposits ratio stood at 96.83%, indicating a relatively fully deployed balance sheet.

Filing Exhibits & Attachments

6 documents

Profit jumps 21% at First Horizon (NYSE: FHN) in Q1 2026

Rhea-AI Filing Summary

Positive

Negative

Insights

8-K Event Classification

Key Figures

Key Terms

Earnings Snapshot

FAQ

How did First Horizon (FHN) perform financially in Q1 2026?

How do First Horizon’s Q1 2026 results compare to the prior year?

What were First Horizon’s key profitability metrics in Q1 2026?

How did asset quality trend for First Horizon in Q1 2026?

What is First Horizon’s capital position after Q1 2026?

Did First Horizon return capital to shareholders in Q1 2026?

What were First Horizon’s loan and deposit levels in Q1 2026?

Filing Exhibits & Attachments

Press Releases

Other Documents

Profit jumps 21% at First Horizon (NYSE: FHN) in Q1 2026

Rhea-AI Filing Summary

Positive

Negative

Insights

Banking equity analyst positive

8-K Event Classification

Key Figures

Key Terms

Earnings Snapshot

FAQ

How did First Horizon (FHN) perform financially in Q1 2026?

How do First Horizon’s Q1 2026 results compare to the prior year?

What were First Horizon’s key profitability metrics in Q1 2026?

How did asset quality trend for First Horizon in Q1 2026?

What is First Horizon’s capital position after Q1 2026?

Did First Horizon return capital to shareholders in Q1 2026?

What were First Horizon’s loan and deposit levels in Q1 2026?

Filing Exhibits & Attachments

Press Releases

Other Documents