First Horizon (NYSE: FHN) Q2 2026 earnings rise to $260M net income

Q: What were First Horizon (FHN) earnings for the second quarter of 2026?

First Horizon reported net income available to common shareholders of $260 million and diluted EPS of $0.54 for Q2 2026, up from $233 million and $0.45 in Q2 2025 and slightly above Q1 2026.

Q: How did First Horizon (FHN) revenue and margins perform in Q2 2026?

Total revenue was $887 million, up 7% year-over-year. Net interest income (FTE) reached $679 million with a net interest margin of 3.49%, 3 basis points lower than Q1 2026 but 9 basis points higher than Q2 2025.

Q: What were First Horizon (FHN) loan and deposit trends in Q2 2026?

Average loans and leases were $64.7 billion, up 2% quarter-over-quarter and 3% year-over-year. Average deposits were $66.8 billion, rising 1% from Q1 2026 and 3% from Q2 2025, with period-end deposits at $68.1 billion.

Q: How strong was First Horizon’s (FHN) asset quality in Q2 2026?

Provision for credit losses was $15 million , unchanged from Q1 2026. Net charge-offs were $33 million, or 0.20% of loans, while nonperforming loans fell to $531 million, 0.81% of loans, and the allowance for credit losses was 1.24% of loans.

Q: What were First Horizon (FHN) capital ratios and capital actions in Q2 2026?

The estimated CET1 capital ratio was 10.5%, with total capital at 13.4%. First Horizon deployed capital into loan growth and repurchased $100 million of common stock at an average price of $24.52 per share, including commissions.

Q: Which non-GAAP measures did First Horizon (FHN) emphasize for Q2 2026?

Key non-GAAP measures included pre-provision net revenue (PPNR) of $364 million on a taxable-equivalent basis, adjusted net income of $278 million, adjusted diluted EPS of $0.54, and an adjusted ROTCE of 15.29%, with reconciliations provided in the earnings materials.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

First Horizon Corporation reported second quarter 2026 net income available to common shareholders of $260 million and diluted EPS of $0.54, up from $233 million and $0.45 a year earlier and slightly above first quarter 2026’s $257 million and $0.53. Reported return on common equity was 12.3% and return on tangible common equity was 15.2%. Adjusted net income available to common shareholders was $262 million, with adjusted diluted EPS also $0.54.

Net interest income on a fully taxable equivalent basis was $679 million, up 5% year-over-year, with a net interest margin of 3.49%, 3 basis points lower than the prior quarter but 9 basis points higher than a year ago. Noninterest income rose to $211 million from $189 million, while noninterest expense increased to $531 million, producing pre-provision net revenue of $356 million and an adjusted efficiency ratio of 59.1%.

Average loans and leases were $64.7 billion, up 3% year-over-year, and average deposits were $66.8 billion, also up 3%. Provision for credit losses was $15 million, with net charge-offs of $33 million, or 0.20% of average loans. Nonperforming loans declined to $531 million, 0.81% of loans, while the allowance for credit losses was 1.24% of loans. The estimated CET1 capital ratio was 10.5%. First Horizon repurchased $100 million of common stock at an average price of $24.52 per share and continues to highlight several non-GAAP measures, with reconciliations provided in its earnings materials.

Positive

Net income available to common shareholders of $260 million and diluted EPS of $0.54 increased 12% and 20% year-over-year, respectively, while adjusted NIAC rose 14%, demonstrating solid earnings growth over second quarter 2025.

Negative

None.

Insights

Analyzing...

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: $260 million Diluted EPS: $0.54 Total revenue: $887 million +5 more

8 metrics

Net income available to common shareholders $260 million Second quarter 2026; up 12% versus second quarter 2025

Diluted EPS $0.54 Second quarter 2026; up from $0.53 in Q1 2026 and $0.45 in Q2 2025

Total revenue $887 million Second quarter 2026; 7% higher than $830 million in second quarter 2025

Net interest income (FTE) $679 million Second quarter 2026; increased $9 million, or 1%, from first quarter 2026

Net interest margin 3.49% Second quarter 2026; down 3 basis points from Q1 2026 and up 9 basis points from Q2 2025

Average loans and leases $64.7 billion Quarterly average in second quarter 2026; up 2% from first quarter 2026

Net charge-offs $33 million (0.20%) Second quarter 2026 net charge-offs and annualized net charge-off ratio

CET1 capital ratio 10.5% Estimated common equity tier 1 ratio at June 30, 2026

Key Terms

net interest margin, pre-provision net revenue, Common Equity Tier 1 capital, risk-weighted assets, +1 more

5 terms

net interest margin financial

"Net interest income (FTE) increased $9 million to $679 million and net interest margin of 3.49% decreased 3 basis points."

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.

pre-provision net revenue financial

"Pre-provision net revenue 3 | | 356 | | | 357 | | | 339 |"

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.

Common Equity Tier 1 capital regulatory

"Regulatory measures included in the measures furnished by this report include: common equity tier 1 capital ("CET1"), generally defined as common equity less goodwill."

Core capital a bank holds consisting mainly of common shares and retained profits that can absorb losses without forcing the bank to sell assets or seek emergency help; items that can’t reliably cover losses are excluded. Think of it as the bank’s shock-absorbing cushion: a higher common equity tier 1 (CET1) level and ratio means regulators and investors view the bank as better able to survive bad loans or market shocks, so it signals lower risk to shareholders and creditors.

risk-weighted assets regulatory

"risk-weighted assets ("RWA"), which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk."

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.

allowance for credit losses financial

"The ACL to loans ratio decreased from 1.28% in first quarter 2026 to 1.24%, reflecting continued positive loan resolutions."

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.

Earnings Snapshot

Total revenue: $887 million

Quarter ended June 30, 2026

Total revenue $887 million up 7% vs second quarter 2025

Net income available to common shareholders $260 million up 12% vs second quarter 2025

Adjusted net income available to common shareholders $262 million up 14% vs second quarter 2025

Diluted EPS $0.54 up 20% vs second quarter 2025

Net interest margin 3.49% up 9 basis points vs second quarter 2025

Return on average common equity (ROCE) 12.3% up 119 basis points vs second quarter 2025

Average loans and leases $64.7 billion up 3% vs second quarter 2025

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Available on EDGAR 07/15/2026 - 06:32 AM Accepted by SEC EDGAR 07/15/2026 - 06:32 AM

FAQ

What were First Horizon (FHN) earnings for the second quarter of 2026?

First Horizon reported net income available to common shareholders of $260 million and diluted EPS of $0.54 for Q2 2026, up from $233 million and $0.45 in Q2 2025 and slightly above Q1 2026.

How did First Horizon (FHN) revenue and margins perform in Q2 2026?

Total revenue was $887 million, up 7% year-over-year. Net interest income (FTE) reached $679 million with a net interest margin of 3.49%, 3 basis points lower than Q1 2026 but 9 basis points higher than Q2 2025.

What were First Horizon (FHN) loan and deposit trends in Q2 2026?

Average loans and leases were $64.7 billion, up 2% quarter-over-quarter and 3% year-over-year. Average deposits were $66.8 billion, rising 1% from Q1 2026 and 3% from Q2 2025, with period-end deposits at $68.1 billion.

How strong was First Horizon’s (FHN) asset quality in Q2 2026?

Provision for credit losses was $15 million, unchanged from Q1 2026. Net charge-offs were $33 million, or 0.20% of loans, while nonperforming loans fell to $531 million, 0.81% of loans, and the allowance for credit losses was 1.24% of loans.

What were First Horizon (FHN) capital ratios and capital actions in Q2 2026?

The estimated CET1 capital ratio was 10.5%, with total capital at 13.4%. First Horizon deployed capital into loan growth and repurchased $100 million of common stock at an average price of $24.52 per share, including commissions.

Which non-GAAP measures did First Horizon (FHN) emphasize for Q2 2026?

Key non-GAAP measures included pre-provision net revenue (PPNR) of $364 million on a taxable-equivalent basis, adjusted net income of $278 million, adjusted diluted EPS of $0.54, and an adjusted ROTCE of 15.29%, with reconciliations provided in the earnings materials.

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

July 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 1/4,000th 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

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") Second 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 June 30, 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 7/15/2026

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


FIRST HORIZON CORPORATION			3			FORM 8-K CURRENT REPORT 7/15/2026

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:

July 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 7/15/2026

First Horizon Corporation Delivers Strong Second Quarter 2026 Results

with Net Income Available to Common Shareholders of $260 Million, up 12% year-over-year

and EPS of $0.54, up $0.09 from Second Quarter 2025

MEMPHIS, TN (July 15, 2026) – First Horizon Corporation (NYSE: FHN or “First Horizon”) today reported second quarter net income available to common shareholders ("NIAC") of $260 million or earnings per share of $0.54, compared with first quarter 2026 NIAC of $257 million or earnings per share of $0.53 and second quarter 2025 NIAC of $233 million or earnings per share of $0.45. Return on common equity and return on tangible common equity grew to 12.3% and 15.2%, respectively, in the quarter.*

"Our results represent another quarter of disciplined execution," said Chairman, President and CEO Bryan Jordan. "This performance is the result of our focus on developing client relationships and prioritizing and delivering outstanding service.”

Jordan continued, "Compared to the first half of 2025, net income available to common shareholders grew 16% in the first half of 2026. This reflects strength across multiple aspects of our business and includes 3% year-over-year loan growth."

Notable Items


Notable Items
Quarterly, Unaudited ($ in millions, except per share data)	2Q26		1Q26		2Q25
Summary of Notable Items:






Deferred compensation adjustment	$	—	$	—	$	4
FDIC special assessment (other noninterest expense)	—		—		1
Other notable expenses	(5)		—		—
Total notable items (pre-tax)	$	(5)	$	—	$	4
Tax on notable items before preferred stock dividends	$	1	$	—	$	(1)
Preferred Stock Dividend **	$	3	$	—	$	—
Total notable items (after-tax)	$	(1)	$	—	$	3

Numbers may not total due to rounding.

Second quarter pre-tax notable items included a $5 million impact related to Visa derivative valuation expenses. Second quarter after-tax notable items include $3 million of deemed dividend impacts related to the redemption of preferred stock.

* "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.

Second Quarter 2026 versus First Quarter 2026

Net interest income

Net interest income (FTE) increased $9 million to $679 million and net interest margin of 3.49% decreased 3 basis points. The NII increase was primarily driven by loan portfolio growth. The NIM decrease was driven by higher deposit costs associated with increased brokered deposits.

Noninterest income

Noninterest income increased $16 million to $211 million, driven by increases of $3 million in brokerage, trust, and insurance, $18 million in deferred compensation income, and $2 million in other noninterest income, partially offset by a $7 million decrease in fixed income.

Noninterest expense

Noninterest expense of $531 million increased $26 million from the prior quarter. This includes a $10 million increase in outside services, a $4 million increase in salaries and benefits expenses, and a $14 million increase in deferred compensation expenses.

Loans and leases

Average loan and lease balances of $64.7 billion increased $1.5 billion from the prior quarter, while period-end balances were $65.3 billion, up $953 million from first quarter 2026. Loans to mortgage companies (LMC) increased by $118 million at period-end, and other C&I balances increased by $710 million. Loan yields of 5.67% decreased 1 basis point.

Deposits

Average deposits of $66.8 billion increased $572 million from first quarter 2026. Period-end deposits of $68.1 billion increased $1.6 billion, driven by a $1.5 billion increase in interest bearing deposits. Interest-bearing deposit cost of 2.33% increased 5 basis points from the prior quarter, with a spot rate of approximately 2.43% at the end of the quarter.

Asset quality

Provision for credit losses expense was $15 million, consistent with first quarter 2026. Net charge-offs were $33 million or 20 basis points, up from $29 million or 18 basis points in the prior quarter. Nonperforming loans of $531 million decreased $75 million. The ACL to loans ratio decreased from 1.28% in first quarter 2026 to 1.24%, reflecting continued positive loan resolutions and lower NPLs.

Capital

CET1 ratio was 10.5%, consistent with first quarter 2026. Capital was deployed into loan growth as well as share repurchases, which totaled $100 million at an average price of $24.52 per share including commissions.

Income taxes

The second quarter 2026 effective and adjusted tax rate was 19.5%, compared to 22.2% in the previous quarter.


SUMMARY RESULTS
Quarterly, Unaudited

										2Q26 Change vs.
($ in millions, except per share and balance sheet data)	2Q26			1Q26			2Q25			1Q26						2Q25
										$/bp				%		$/bp			%
Income Statement
Interest income - taxable equivalent1	$	1,033		$	1,008		$	1,047		$	26			3	%	$	(14)		(1)	%
Interest expense- taxable equivalent1	354			337			403			17				5		(49)			(12)
Net interest income- taxable equivalent	679			670			645			9				1		35			5
Less: Taxable-equivalent adjustment	3			3			4			—				3		—			(13)
Net interest income	676			667			641			9				1		35			5
Noninterest income	211			195			189			16				8		22			12
Total revenue	887			862			830			25				3		57			7
Noninterest expense	531			505			491			26				5		40			8
Pre-provision net revenue3	356			357			339			(1)				—		17			5
Provision for credit losses	15			15			30			—				—		(15)			(50)
Income before income taxes	341			342			309			(1)				—		32			10
Provision for income taxes	66			76			64			(10)				(13)		2			4
Net income	274			266			244			8				3		30			12
Net income attributable to noncontrolling interest	4			3			4			—				4		—			(10)
Net income attributable to controlling interest	271			263			240			8				3		30			13
Preferred stock dividends	10			5			8			5				103		3			34
Net income available to common shareholders	$	260		$	257		$	233		$	3			1	%	$	28		12	%

Adjusted net income4	$	278		$	266		$	241		$	12			5	%	$	37		16	%
Adjusted net income available to common shareholders4	$	262		$	257		$	229		$	5			2	%	$	33		14	%
Common stock information
EPS	$	0.54		$	0.53		$	0.45		$	0.01			2	%	$	0.09		20	%
Adjusted EPS4	$	0.54		$	0.53		$	0.45		$	0.01			2	%	$	0.09		20	%


Diluted shares8	480			487			514			(7)				(1)	%	(34)			(7)	%
Key performance metrics
Net interest margin6	3.49		%	3.52		%	3.40		%	(3)		bp				9		bp

Efficiency ratio	59.88			58.54			59.20			134		bp				68		bp
Adjusted efficiency ratio4	59.11			58.34			59.47			77		bp				(36)		bp
Effective income tax rate	19.47			22.21			20.78			(274)		bp				(131)		bp
Return on average assets	1.31			1.30			1.20			1		bp				11		bp
Adjusted return on average assets4	1.33			1.30			1.18			3		bp				15		bp
Return on average common equity (“ROCE")	12.3			12.3			11.1			7		bp				119		bp

Return on average tangible common equity (“ROTCE”)4	15.2			15.1			13.8			9		bp				136		bp
Adjusted ROTCE4	15.3			15.1			13.6			17		bp				164		bp
Noninterest income as a % of total revenue	23.73			22.63			22.73			110		bp				100		bp
Adjusted noninterest income as a % of total revenue4	23.65		%	22.55		%	22.63		%	110		bp				102		bp
Balance Sheet (billions)
Average loans	$	64.7		$	63.2		$	62.6		$	1.5			2	%	$	2.1		3	%
Average deposits	66.8			66.2			64.7			0.6				1		2.0			3
Average assets	84.1			83.0			82.0			1.1				1		2.1			3
Average common equity	$	8.5		$	8.5		$	8.4		$	—			(1)	%	$	0.1		1	%
Asset Quality Highlights
Allowance for loan and lease losses to loans and leases	1.09		%	1.13		%	1.29		%	(4)		bp	—			(20)		bp

Allowance for credit losses to loans and leases4	1.24		%	1.28		%	1.42		%	(4)		bp				(18)		bp

Nonperforming loans and leases ratio	0.81		%	0.94		%	0.94		%	(13)		bp				(13)		bp
Net charge-off ratio	0.20		%	0.18		%	0.22		%	2		bp				(2)		bp
Net charge-offs	$	33		$	29		$	34		$	4			14	%	$	(1)		(3)	%
Capital Ratio Highlights (current quarter is an estimate)



Common Equity Tier 1	10.5		%	10.5		%	11.0		%	(7)		bp				(53)		bp
Tier 1	11.8			11.9			12.0			(17)		bp				(23)		bp
Total Capital	13.4			13.7			14.0			(36)		bp				(56)		bp
Tier 1 leverage	10.5		%	10.6		%	10.6		%	(12)		bp				(5)		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, or 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 July 15, 2026, by dialing 1-833-461-5787 (if calling from the U.S.) and entering access code 702071053. 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 webcast will be available on our website on July 15 and will be archived on the site for one year.

First Horizon Corporation (NYSE: FHN), with $84.4 billion in assets as of June 30, 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

																2Q26 Change vs.
($ in millions, except per share data)	2Q26			1Q26			4Q25			3Q25			2Q25			1Q26				2Q25
																$		%		$		%
Interest income - taxable equivalent1	$	1,033		$	1,008		$	1,054		$	1,081		$	1,047		$	26	3	%	$	(14)	(1)	%
Interest expense - taxable equivalent1	354			337			375			403			403			17		5		(49)		(12)
Net interest income - taxable equivalent	679			670			679			678			645			9		1		35		5
Less: Taxable - equivalent adjustment	3			3			3			3			4			—		3		—		(13)
Net interest income	676			667			676			674			641			9		1		35		5
Noninterest income:
Fixed income	46			53			57			57			42			(7)		(14)		4		8
Mortgage banking	9			9			10			15			10			—		2		—		(3)
Brokerage, trust, and insurance	45			43			41			39			39			3		7		7		17
Service charges and fees	59			58			64			57			55			—		—		4		6
Card and digital banking fees	18			18			18			19			19			—		(2)		(1)		(6)
Deferred compensation income9	15			(3)			3			8			8			18		NM		7		97

Securities gains/(losses)	—			(1)			—			—			—			1		141		—		72
Other noninterest income	18			16			18			19			16			2		12		2		14
Total noninterest income	211			195			212			215			189			16		8		22		12
Total revenue	887			862			888			889			830			25		3		57		7
Noninterest expense:
Personnel expense:
Salaries and benefits	215			211			213			209			206			4		2		9		4
Incentives and commissions	76			79			87			79			73			(3)		(4)		3		5
Deferred compensation expense9	13			(2)			3			8			3			14		NM		10		NM
Total personnel expense	304			289			303			296			282			16		5		22		8
Occupancy and equipment2	86			84			83			80			79			2		3		7		9
Outside services	79			69			95			79			71			10		15		9		12
Amortization of intangible assets	8			8			9			9			10			—		—		(2)		(16)
Other noninterest expense	53			55			55			87			50			(3)		(5)		3		6
Total noninterest expense	531			505			545			551			491			26		5		40		8
Pre-provision net revenue3	356			357			343			339			339			(1)		—		17		5
Provision for credit losses	15			15			—			(5)			30			—		—		(15)		(50)
Income before income taxes	341			342			343			344			309			(1)		—		32		10
Provision for income taxes	66			76			78			78			64			(10)		(13)		2		4
Net income	274			266			266			266			244			8		3		30		12
Net income attributable to noncontrolling interest	4			3			4			4			4			—		4		—		(10)
Net income attributable to controlling interest	271			263			262			262			240			8		3		30		13
Preferred stock dividends	10			5			5			8			8			5		103		3		34
Net income available to common shareholders	$	260		$	257		$	257		$	254		$	233		$	3	1	%	$	28	12	%
Common Share Data
EPS	$	0.55		$	0.54		$	0.52		$	0.50		$	0.46		$	0.01	2	%	$	0.09	20	%
Basic shares	475			480			491			505			508			(5)		(1)		(33)		(7)
Diluted EPS	$	0.54		$	0.53		$	0.52		$	0.50		$	0.45		$	0.01	2		$	0.09	20
Diluted shares8	480			487			496			510			514			(7)		(1)	%	(34)		(7)	%

Effective tax rate	19.5		%	22.2		%	22.6		%	22.7		%	20.8		%

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


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


Net interest income (FTE)1	$	679		$	670		$	679		$	678		$	645		$	9	1	%	$	35	5	%
Adjusted noninterest income:
Fixed income	46			53			57			57			42			(7)		(14)		4		8
Mortgage banking	9			9			10			15			10			—		2		—		(3)
Brokerage, trust, and insurance	45			43			41			39			39			3		7		7		17
Service charges and fees	59			58			64			57			55			—		—		4		6
Card and digital banking fees	18			18			18			19			19			—		(2)		(1)		(6)
Deferred compensation income9	15			(3)			3			8			8			18		NM		7		97

Adjusted securities gains/(losses)	—			(1)			—			—			—			1		141		—		72
Adjusted other noninterest income	18			16			18			19			16			2		12		2		14
Adjusted total noninterest income	$	211		$	195		$	212		$	215		$	189		$	16	8	%	$	22	12	%
Total revenue (FTE)1	$	890		$	865		$	892		$	893		$	833		$	25	3	%	$	57	7	%

Adjusted noninterest expense:
Adjusted personnel expense:
Adjusted salaries and benefits	$	215		$	211		$	213		$	209		$	206		$	4	2	%	$	9	4	%
Adjusted Incentives and commissions	76			79			87			79			73			(3)		(4)		3		5
Deferred compensation expense9	13			(2)			3			8			7			14		NM		6		98
Adjusted total personnel expense	304			289			303			296			286			16		5		19		7
Adjusted occupancy and equipment2	86			84			83			80			79			2		3		7		9
Adjusted outside services	79			69			95			79			71			10		15		9		12
Amortization of intangible assets	8			8			9			9			10			—		—		(2)		(16)
Adjusted other noninterest expense	48			55			52			79			50			(8)		(14)		(3)		(6)
Adjusted total noninterest expense	$	526		$	505		$	541		$	542		$	495		$	21	4	%	$	30	6	%

Adjusted pre-provision net revenue4	$	364		$	360		$	350		$	351		$	338		$	4	1	%	$	26	8	%

Provision for credit losses	$	15		$	15		$	—		$	(5)		$	30		$	—	—	%	$	(15)	(50)	%







Adjusted net income available to common shareholders	$	262		$	257		$	259		$	263		$	229		$	5	2	%	$	33	14	%

Adjusted Common Share Data


Adjusted diluted EPS	$	0.54		$	0.53		$	0.52		$	0.51		$	0.45		$	0.01	2	%	$	0.09	20	%
Diluted shares8	480			487			496			510			514			(7)		(1)	%	(34)		(7)	%

Adjusted effective tax rate	19.5		%	22.2		%	22.7		%	22.7		%	20.8		%
Adjusted ROTCE4	15.3		%	15.1		%	15.0		%	15.0		%	13.6		%
Adjusted efficiency ratio4	59.1		%	58.3		%	60.7		%	60.8		%	59.5		%

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






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

Numbers may not total due to rounding.

* 2Q26 includes $5 million of Visa derivative valuation expenses and 4Q25 and 3Q25 each include $10 million.

** 2Q26 and 3Q25 include deemed dividends on the redemption of Preferred Stock.


IMPACT OF NOTABLE ITEMS:
Quarterly, Unaudited



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
















Noninterest expense:
Personnel expenses:


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

Outside services	—		—		—		—		—

Other noninterest expense	(5)		—		(3)		(8)		1
Total noninterest expense	$	(5)	$	—	$	(3)	$	(8)	$	4


Income before income taxes	$	5	$	—	$	3	$	8	$	(4)
Provision for income taxes	1		—		1		2		(1)
Preferred stock dividends *	3		—		—		(3)		—
Net income/(loss) available to common shareholders	$	1	$	—	$	2	$	9	$	(3)
EPS impact of notable items	$	—	$	—	$	—	$	0.01	$	—

Numbers may not total due to rounding.

* 2Q26 and 3Q25 include deemed dividends on the redemption of Preferred Stock.


FINANCIAL RATIOS
Quarterly, Unaudited
																2Q26 Change vs.
	2Q26			1Q26			4Q25			3Q25			2Q25			1Q26					2Q25
FINANCIAL RATIOS																$/bp			%		$/bp			%
Net interest margin6	3.49		%	3.52		%	3.51		%	3.55		%	3.40		%	(3)		bp			9		bp

Return on average assets	1.31		%	1.30		%	1.27		%	1.29		%	1.20		%	1		bp			11		bp
Adjusted return on average assets4	1.33		%	1.30		%	1.28		%	1.32		%	1.18		%	3		bp			15		bp
Return on average common equity (“ROCE”)	12.33		%	12.26		%	11.99		%	11.74		%	11.14		%	7		bp			119		bp

Return on average tangible common equity (“ROTCE”)4	15.21		%	15.12		%	14.82		%	14.49		%	13.85		%	9		bp			136		bp
Adjusted ROTCE4	15.29		%	15.12		%	14.96		%	15.00		%	13.65		%	17		bp			164		bp
Noninterest income as a % of total revenue	23.73		%	22.63		%	23.89		%	24.16		%	22.73		%	110		bp			100		bp
Adjusted noninterest income as a % of total revenue4	23.65		%	22.55		%	23.80		%	24.07		%	22.63		%	110		bp			102		bp
Efficiency ratio	59.88		%	58.54		%	61.33		%	61.92		%	59.20		%	134		bp			68		bp
Adjusted efficiency ratio4	59.11		%	58.34		%	60.73		%	60.76		%	59.47		%	77		bp			(36)		bp
Allowance for loan and lease losses to loans and leases	1.09		%	1.13		%	1.15		%	1.23		%	1.29		%	(4)		bp			(20)		bp
Allowance for credit losses to loans and leases4	1.24		%	1.28		%	1.31		%	1.38		%	1.42		%	(4)		bp			(18)		bp

CAPITAL DATA
CET1 capital ratio*	10.5		%	10.5		%	10.6		%	11.0		%	11.0		%	(7)		bp			(53)		bp
Tier 1 capital ratio*	11.8		%	11.9		%	11.5		%	11.9		%	12.0		%	(17)		bp			(23)		bp
Total capital ratio*	13.4		%	13.7		%	13.3		%	13.8		%	14.0		%	(36)		bp			(56)		bp
Tier 1 leverage ratio*	10.5		%	10.6		%	10.2		%	10.5		%	10.6		%	(12)		bp			(5)		bp
Risk-weighted assets (“RWA”) (billions)*	$	74.6		$	73.3		$	73.0		$	72.0		$	71.7		$	1.2		2	%	$	2.8		4	%
Total equity to total assets	11.21		%	11.25		%	10.90		%	11.11		%	11.28		%	(4)		bp			(7)		bp
Tangible common equity/tangible assets (“TCE/TA”)4	8.31		%	8.27		%	8.37		%	8.55		%	8.58		%	4		bp			(27)		bp
Period-end shares outstanding (millions)8	474			476			485			500			509			(2)			—	%	(35)			(7)	%
Cash dividends declared per common share	$	0.17		$	0.17		$	0.15		$	0.15		$	0.15		$	—		—	%	$	0.02		13	%
Book value per common share	$	17.91		$	17.72		$	17.53		$	17.19		$	16.78		$	0.19		1	%	$	1.13		7	%
Tangible book value per common share4	$	14.53		$	14.34		$	14.20		$	13.94		$	13.57		$	0.19		1	%	$	0.96		7	%


SELECTED BALANCE SHEET DATA
Loans-to-deposit ratio (period-end balances)	95.97		%	96.83		%	95.08		%	96.23		%	96.47		%	(86)		bp			(50)		bp
Loans-to-deposit ratio (average balances)	96.87		%	95.44		%	95.33		%	95.24		%	96.62		%	143		bp			25		bp
Full-time equivalent associates	7,422			7,369			7,373			7,341			7,255			53			1	%	167			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


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

Loans and leases:
Commercial, financial, and industrial (C&I)	$	37,296	$	36,467	$	35,905	$	34,401	$	34,359	$	829	2	%	$	2,936	9	%
Commercial real estate	13,595		13,420		13,563		13,674		13,936		175		1		(341)		(2)
Total Commercial	50,891		49,887		49,468		48,076		48,295		1,004		2		2,596		5
Consumer real estate	13,869		13,928		14,107		14,403		14,368		(59)		—		(498)		(3)
Credit card and other5	570		562		580		579		597		8		1		(27)		(5)
Total Consumer	14,439		14,490		14,688		14,982		14,965		(50)		—		(525)		(4)
Loans and leases, net of unearned income	65,330		64,377		64,156		63,058		63,260		953		1		2,070		3
Loans held for sale	501		562		406		501		402		(61)		(11)		99		25
Investment securities	9,062		9,351		9,382		9,332		9,362		(289)		(3)		(300)		(3)
Trading securities	1,417		1,812		1,904		2,070		1,430		(395)		(22)		(13)		(1)
Interest-bearing deposits with banks	1,158		1,116		1,125		1,228		911		43		4		247		27
Federal funds sold and securities purchased under agreements to resell	594		754		634		774		527		(160)		(21)		67		13
Total interest earning assets	78,063		77,971		77,606		76,963		75,893		92		—		2,170		3
Cash and due from banks	1,034		889		961		912		988		145		16		46		5
Goodwill and other intangible assets, net	1,599		1,607		1,615		1,624		1,633		(8)		(1)		(34)		(2)
Premises and equipment, net	545		539		544		553		561		5		1		(17)		(3)
Allowance for loan and lease losses	(709)		(730)		(738)		(777)		(814)		21		3		105		13
Other assets	3,906		3,855		3,889		3,916		3,823		51		1		83		2
Total assets	$	84,437	$	84,132	$	83,876	$	83,192	$	82,084	$	306	—	%	$	2,354	3	%

Liabilities and Shareholders' Equity:
Deposits:
Savings	$	25,553	$	26,007	$	26,010	$	26,365	$	25,939	$	(454)	(2)	%	$	(386)	(1)	%
Time deposits	10,018		7,125		6,485		6,201		7,270		2,893		41		2,749		38
Other interest-bearing deposits	16,508		17,440		19,158		16,936		16,477		(933)		(5)		31		—
Total interest-bearing deposits	52,078		50,572		51,653		49,502		49,685		1,506		3		2,393		5
Trading liabilities	533		666		607		662		469		(134)		(20)		63		14
Federal funds purchased and securities sold under agreements to repurchase	2,161		2,193		3,012		2,675		3,201		(32)		(1)		(1,040)		(32)
Short-term borrowings	842		1,975		241		1,596		260		(1,132)		(57)		582		NM
Term borrowings	1,321		1,318		1,321		1,328		1,342		2		—		(21)		(2)
Total interest-bearing liabilities	56,935		56,725		56,835		55,763		54,957		210		—		1,978		4
Noninterest-bearing deposits	15,994		15,910		15,823		16,023		15,892		84		1		103		1
Other liabilities	2,045		2,032		2,076		2,163		1,978		13		1		67		3
Total liabilities	74,974		74,667		74,734		73,948		72,826		307		—		2,148		3
Shareholders' Equity:
Preferred stock10	682		741		349		349		426		(59)		(8)		255		60
Common stock	296		297		303		313		318		(1)		—		(22)		(7)
Capital surplus	3,653		3,759		3,974		4,288		4,459		(106)		(3)		(805)		(18)
Retained earnings	5,383		5,205		5,030		4,848		4,671		178		3		713		15
Accumulated other comprehensive loss, net	(846)		(832)		(809)		(849)		(912)		(13)		(2)		66		7
Combined shareholders' equity	9,168		9,170		8,847		8,949		8,962		(1)		—		206		2
Noncontrolling interest	295		295		295		295		295		—		—		—		—
Total shareholders' equity	9,464		9,465		9,142		9,244		9,257		(1)		—		206		2
Total liabilities and shareholders' equity	$	84,437	$	84,132	$	83,876	$	83,192	$	82,084	$	306	—	%	$	2,354	3	%
Memo:
Total deposits	$	68,073	$	66,482	$	67,477	$	65,525	$	65,576	$	1,590	2	%	$	2,496	4	%
Loans to mortgage companies	$	4,759	$	4,641	$	4,703	$	3,926	$	4,058	$	118	3	%	$	701	17	%
Unfunded Loan Commitments:
Commercial	$	20,164	$	18,980	$	18,644	$	18,485	$	17,784	$	1,184	6	%	$	2,381	13	%
Consumer	$	4,016	$	4,022	$	4,002	$	4,036	$	4,153	$	(6)	—	%	$	(137)	(3)	%

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


											2Q26 Change vs.
(In millions)	2Q26		1Q26		4Q25		3Q25		2Q25		1Q26				2Q25
Assets:											$		%		$		%
Loans and leases:
Commercial, financial, and industrial (C&I)	$	36,745	$	35,208	$	35,005	$	34,011	$	33,634	$	1,537	4	%	$	3,111	9	%
Commercial real estate	13,510		13,417		13,587		13,772		14,070		93		1		(560)		(4)
Total Commercial	50,256		48,625		48,591		47,784		47,704		1,631		3		2,551		5
Consumer real estate	13,873		13,998		14,255		14,409		14,224		(126)		(1)		(351)		(2)
Credit card and other5	566		569		586		594		623		(2)		—		(56)		(9)
Total Consumer	14,439		14,567		14,841		15,004		14,847		(128)		(1)		(408)		(3)
Loans and leases, net of unearned income	64,695		63,192		63,432		62,787		62,551		1,503		2		2,144		3
Loans held-for-sale	532		479		515		454		501		53		11		30		6
Investment securities	9,218		9,454		9,321		9,321		9,330		(236)		(2)		(112)		(1)
Trading securities	1,677		1,796		1,798		1,625		1,609		(118)		(7)		68		4
Interest-bearing deposits with banks	1,168		1,233		1,218		1,272		1,259		(65)		(5)		(91)		(7)
Federal funds sold and securities purchased under agreements to resell	669		756		743		573		636		(87)		(11)		33		5
Total interest earning assets	77,960		76,910		77,027		76,032		75,887		1,050		1		2,073		3
Cash and due from banks	923		936		900		860		864		(13)		(1)		59		7
Goodwill and other intangible assets, net	1,603		1,611		1,619		1,628		1,638		(8)		(1)		(35)		(2)
Premises and equipment, net	544		543		548		556		565		—		—		(22)		(4)
Allowance for loan and lease losses	(732)		(750)		(774)		(809)		(828)		18		2		96		12
Other assets	3,799		3,795		3,760		3,781		3,831		4		—		(32)		(1)
Total assets	$	84,097	$	83,045	$	83,081	$	82,049	$	81,958	$	1,052	1	%	$	2,139	3	%

Liabilities and shareholders' equity:
Deposits:
Savings	$	25,618	$	26,148	$	26,693	$	26,326	$	25,899	$	(530)	(2)	%	$	(281)	(1)	%
Time deposits	8,501		6,755		6,205		6,871		6,630		1,746		26		1,871		28
Other interest-bearing deposits	16,914		17,679		17,573		16,866		16,362		(765)		(4)		552		3
Total interest-bearing deposits	51,033		50,582		50,470		50,063		48,891		451		1		2,142		4
Trading liabilities	645		729		722		549		613		(83)		(11)		33		5
Federal funds purchased and securities sold under agreements to repurchase	2,518		2,649		2,807		2,631		2,692		(132)		(5)		(174)		(6)
Short-term borrowings	1,400		894		470		387		1,208		507		57		192		16
Term borrowings	1,319		1,319		1,323		1,335		1,556		—		—		(238)		(15)
Total interest-bearing liabilities	56,916		56,173		55,792		54,965		54,960		742		1		1,956		4
Noninterest-bearing deposits	15,749		15,628		16,072		15,862		15,851		121		1		(102)		(1)
Other liabilities	1,988		1,999		2,082		1,999		2,050		(11)		(1)		(61)		(3)
Total liabilities	74,652		73,800		73,946		72,825		72,861		853		1		1,792		2
Shareholders' Equity:
Preferred stock10	682		436		349		350		426		246		56		255		60
Common stock	297		300		307		316		318		(3)		(1)		(21)		(7)
Capital surplus	3,703		3,866		4,095		4,379		4,464		(163)		(4)		(761)		(17)
Retained earnings	5,310		5,129		4,910		4,798		4,562		181		4		748		16
Accumulated other comprehensive loss, net	(842)		(781)		(821)		(913)		(967)		(61)		(8)		125		13
Combined shareholders' equity	9,149		8,950		8,840		8,928		8,802		199		2		347		4
Noncontrolling interest	295		295		295		295		295		—		—		—		—
Total shareholders' equity	9,444		9,245		9,135		9,224		9,097		199		2		347		4
Total liabilities and shareholders' equity	$	84,097	$	83,045	$	83,081	$	82,049	$	81,958	$	1,052	1	%	$	2,139	3	%
Memo:
Total deposits	$	66,782	$	66,210	$	66,542	$	65,924	$	64,742	$	572	1	%	$	2,040	3	%
Loans to mortgage companies	$	4,284	$	3,884	$	4,160	$	3,628	$	3,533	$	399	10	%	$	751	21	%

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
																					2Q26 Change vs.
	2Q26				1Q26				4Q25				3Q25				2Q25				1Q26					2Q25
(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	$	735	5.87	%	$	707	5.89	%	$	743	6.07	%	$	767	6.37	%	$	738	6.21	%	$	28		4	%	$	(3)		—	%


Consumer	180		4.97		181		4.99		187		5.02		191		5.07		186		4.99		(2)			(1)		(6)			(3)
Loans and leases, net of unearned income	915		5.67		887		5.68		930		5.83		957		6.06		924		5.92		27			3		(9)			(1)
Loans held-for-sale	8		6.18		7		6.26		8		6.45		8		6.86		8		6.76		1			10		—			(3)
Investment securities	70		3.05		71		3.02		71		3.06		72		3.09		71		3.06		(1)			(2)		(1)			(2)
Trading securities	23		5.55		24		5.25		25		5.57		24		5.81		23		5.72		—			(1)		—			1
Interest-bearing deposits with banks	11		3.69		11		3.69		12		3.97		14		4.41		14		4.45		—			(4)		(3)			(23)
Federal funds sold and securities purchased under agreements	6		3.56		7		3.55		7		3.86		6		4.20		7		4.24		(1)			(10)		(1)			(11)
Interest income	$	1,033	5.31	%	$	1,008	5.29	%	$	1,054	5.44	%	$	1,081	5.65	%	$	1,047	5.53	%	$	26		3	%	$	(14)		(1)	%

Interest-bearing liabilities/Interest expense:
Interest-bearing deposits:
Savings	$	138	2.17	%	$	138	2.14	%	$	169	2.51	%	$	184	2.78	%	$	177	2.73	%	$	—		—	%	$	(38)		(22)	%
Time deposits	74		3.48		56		3.39		55		3.49		64		3.71		64		3.88		17			31		10			15
Other interest-bearing deposits	84		1.99		89		2.04		98		2.22		102		2.41		96		2.36		(5)			(6)		(12)			(13)
Total interest-bearing deposits	296		2.33		284		2.28		322		2.53		351		2.78		337		2.76		12			4		(41)			(12)
Trading liabilities	6		4.00		7		3.81		7		3.76		5		3.93		6		4.07		—			(6)		—			4
Federal funds purchased and securities sold under agreements to repurchase	19		3.09		20		2.98		23		3.21		23		3.52		24		3.61		—			(1)		(5)			(20)
Short-term borrowings	13		3.83		8		3.78		5		4.08		4		4.39		13		4.47		5			61		—			—
Term borrowings	19		5.65		19		5.65		19		5.76		19		5.82		22		5.60		—			—		(3)			(14)
Interest expense	354		2.49		337		2.43		375		2.67		403		2.91		403		2.94		17			5		(49)			(12)
Net interest income - tax equivalent basis	679		2.82		670		2.86		679		2.77		678		2.74		645		2.59		9			1		35			5
Fully taxable equivalent adjustment	(3)		0.67		(3)		0.66		(3)		0.74		(3)		0.81		(4)		0.81		—			(3)		—			13
Net interest income	$	676	3.49	%	$	667	3.52	%	$	676	3.51	%	$	674	3.55	%	$	641	3.40	%	$	9		1	%	$	35		5	%

Memo:
Total loan yield			5.67	%			5.68	%			5.83	%			6.06	%			5.92	%	(1)		bp			(25)		bp
Total deposit cost			1.78	%			1.74	%			1.92	%			2.11	%			2.09	%	4		bp			(31)		bp
Total funding cost			1.95	%			1.90	%			2.07	%			2.26	%			2.28	%	5		bp			(33)		bp
Average loans and leases, net of unearned income	$	64,695			$	63,192			$	63,432			$	62,787			$	62,551			$	1,503		2	%	$	2,144		3	%
Average deposits	66,782				66,210				66,542				65,924				64,742				572			1	%	2,040			3	%
Average funded liabilities	72,664				71,801				71,864				70,827				70,811				$	863		1	%	$	1,853		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															2Q26 change vs.
(In millions, except ratio data)	2Q26			1Q26			4Q25			3Q25			2Q25			1Q26				2Q25
																$		%		$		%
Nonperforming loans and leases
Commercial, financial, and industrial (C&I)	$	205		$	219		$	224		$	211		$	224		$	(13)	(6)	%	$	(19)	(9)	%
Commercial real estate	184			243			239			254			236			(58)		(24)		(52)		(22)
Consumer real estate	141			144			140			139			131			(3)		(2)		10		8
Credit card and other5	1			1			1			1			1			—		(30)		—		(40)
Total nonperforming loans and leases	$	531		$	606		$	604		$	605		$	593		$	(75)	(12)	%	$	(62)	(10)	%

Asset Quality Ratio
Nonperforming loans and leases to loans and leases
Commercial, financial, and industrial (C&I)	0.55		%	0.60		%	0.62		%	0.61		%	0.65		%
Commercial real estate	1.36			1.81			1.76			1.86			1.70
Consumer real estate	1.02			1.03			0.99			0.96			0.91
Credit card and other5	0.13			0.19			0.16			0.25			0.21
Total nonperforming loans and leases to loans and leases	0.81		%	0.94		%	0.94		%	0.96		%	0.94		%

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										2Q26 change vs.
(In millions)	2Q26		1Q26		4Q25		3Q25		2Q25		1Q26				2Q25
											$		%		$		%
Loans and leases 90 days or more past due and accruing
Commercial, financial, and industrial (C&I)	$	1	$	1	$	1	$	1	$	1	$	—	2	%	$	—	37	%
Commercial real estate	—		—		—		—		—		—		NM		—		NM
Consumer real estate	—		2		6		6		6		(1)		(65)		(6)		(91)
Credit card and other5	1		1		1		2		1		—		21		—		(35)
Total loans and leases 90 days or more past due and accruing	$	2	$	3	$	8	$	9	$	8	$	(1)	(28)	%	$	(6)	(73)	%

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															2Q26 change vs.
(In millions, except ratio data)	2Q26			1Q26			4Q25			3Q25			2Q25			1Q26				2Q25
Charge-off, Recoveries and Related Ratios																$		%		$		%
Gross Charge-offs
Commercial, financial, and industrial (C&I)	$	32		$	36		$	39		$	25		$	28		$	(4)	(11)	%	$	4	16	%
Commercial real estate	3			4			2			3			8			(1)		(18)		(5)		(61)
Consumer real estate	1			1			1			1			2			(1)		(35)		(1)		(47)
Credit card and other5	5			4			4			6			6			—		9		(1)		(24)
Total gross charge-offs	$	41		$	45		$	47		$	36		$	43		$	(5)	(11)	%	$	(2)	(6)	%
Gross Recoveries
Commercial, financial, and industrial (C&I)	$	(5)		$	(14)		$	(13)		$	(6)		$	(6)		$	9	65	%	$	1	22	%
Commercial real estate	—			—			—			—			—			—		13		—		NM
Consumer real estate	(2)			(2)			(2)			(1)			(2)			—		18		—		1
Credit card and other5	(1)			(1)			(1)			(1)			(2)			—		(22)		—		21
Total gross recoveries	$	(8)		$	(17)		$	(16)		$	(9)		$	(9)		$	9	54	%	$	1	15	%
Net Charge-offs (Recoveries)
Commercial, financial, and industrial (C&I)	$	27		$	23		$	26		$	19		$	22		$	5	20	%	$	6	26	%
Commercial real estate	3			3			2			3			8			(1)		(18)		(5)		(64)
Consumer real estate	(1)			—			(1)			(1)			—			—		(38)		(1)		NM
Credit card and other5	4			3			3			5			4			—		4		(1)		(25)
Total net charge-offs	$	33		$	29		$	30		$	26		$	34		$	4	14	%	$	(1)	(3)	%

Annualized Net Charge-off (Recovery) Rates
Commercial, financial, and industrial (C&I)	0.30		%	0.26		%	0.30		%	0.22		%	0.26		%
Commercial real estate	0.08			0.10			0.04			0.09			0.22
Consumer real estate	(0.02)			(0.01)			(0.02)			(0.02)			—
Credit card and other5	2.17			2.10			2.31			3.54			2.64
Total loans and leases	0.20		%	0.18		%	0.19		%	0.17		%	0.22		%

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										2Q26 Change vs.
(In millions)	2Q26		1Q26		4Q25		3Q25		2Q25		1Q26				2Q25
Summary of Changes in the Components of the Allowance For Credit Losses											$		%		$		%
Allowance for loan and lease losses - beginning	$	730	$	738	$	777	$	814	$	822	$	(9)	(1)	%	$	(93)	(11)	%













Charge-offs:
Commercial, financial, and industrial (C&I)	(32)		(36)		(39)		(25)		(28)		4		11		(4)		(16)
Commercial real estate	(3)		(4)		(2)		(3)		(8)		1		18		5		61
Consumer real estate	(1)		(1)		(1)		(1)		(2)		1		35		1		47
Credit card and other5	(5)		(4)		(4)		(6)		(6)		—		(9)		1		24
Total charge-offs	(41)		(45)		(47)		(36)		(43)		5		11		2		6
Recoveries:
Commercial, financial, and industrial (C&I)	5		14		13		6		6		(9)		(65)		(1)		(22)
Commercial real estate	—		—		—		—		—		—		(13)		—		NM
Consumer real estate	2		2		2		1		2		—		(18)		—		(1)
Credit card and other5	1		1		1		1		2		—		22		—		(21)
Total Recoveries	8		17		16		9		9		(9)		(54)		(1)		(15)
Provision for loan and lease losses:
Commercial, financial, and industrial (C&I)	24		41		28		5		23		(16)		(40)		1		4
Commercial real estate	(3)		(17)		(26)		(5)		(5)		13		78		1		17
Consumer real estate	(12)		(6)		(13)		(15)		4		(5)		(84)		(16)		NM
Credit card and other5	3		3		3		4		3		—		5		—		(13)
Total provision for loan and lease losses:	12		20		(8)		(11)		26		(8)		(40)		(14)		(53)
Allowance for loan and lease losses - ending	$	709	$	730	$	738	$	777	$	814	$	(21)	(3)	%	$	(105)	(13)	%

Reserve for unfunded commitments - beginning	$	96	$	101	$	93	$	87	$	83	$	(5)	(5)	%	$	13	16	%


Provision for unfunded commitments	3		(5)		8		6		4		8		NM		(1)		(25)
Reserve for unfunded commitments - ending	$	99	$	96	$	101	$	93	$	87	$	3	3	%	$	12	14	%
Total allowance for credit losses - ending	$	808	$	826	$	839	$	870	$	901	$	(18)	(2)	%	$	(93)	(10)	%

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
	2Q26		1Q26		4Q25		3Q25		2Q25

Allowance for loan and lease losses to loans and leases
Commercial, financial, and industrial (C&I)	0.94	%	0.97	%	0.93	%	0.97	%	1.01	%
Commercial real estate	1.10	%	1.16	%	1.30	%	1.49	%	1.53	%
Consumer real estate	1.37	%	1.44	%	1.46	%	1.52	%	1.63	%
Credit card and other5	3.42	%	3.49	%	3.40	%	3.42	%	3.50	%
Total allowance for loan and lease losses to loans and leases	1.09	%	1.13	%	1.15	%	1.23	%	1.29	%
Allowance for loan and lease losses to nonperforming loans and leases
Commercial, financial, and industrial (C&I)	171	%	162	%	150	%	158	%	155	%
Commercial real estate	81	%	64	%	74	%	80	%	90	%
Consumer real estate	135	%	140	%	147	%	158	%	179	%
Credit card and other5	2,617	%	1,842	%	2,096	%	1,380	%	1,684	%
Total allowance for loan and lease losses to nonperforming loans and leases	133	%	120	%	122	%	128	%	137	%

Allowance for credit losses ratios
Total allowance for credit losses to loans and leases4	1.24	%	1.28	%	1.31	%	1.38	%	1.42	%
Total allowance for credit losses to nonperforming loans and leases4	152	%	136	%	139	%	144	%	152	%

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

COMMERCIAL, CONSUMER, AND WEALTH

Quarterly, Unaudited


																2Q26 Change vs.
	2Q26			1Q26			4Q25			3Q25			2Q25			1Q26					2Q25
																$/bp			%		$/bp			%
Income Statement (millions)
Net interest income	$	654		$	649		$	662		$	671		$	643		$	5		1	%	$	11		2	%
Noninterest income	123			119			124			117			113			5			4		10			9
Total revenue	777			768			786			787			757			9			1		21			3
Noninterest expense	376			368			380			366			355			9			2		21			6
Pre-provision net revenue3	401			400			407			421			402			1			—		—			—
Provision for credit losses	1			8			(2)			2			13			(7)			(89)		(12)			(94)
Income before income tax expense	400			393			409			420			389			8			2		12			3
Income tax expense	96			94			98			100			92			2			2		4			4
Net income	$	304		$	299		$	311		$	319		$	296		$	6		2	%	$	8		3	%

Average Balances (billions)
Total loans and leases	$	57.5		$	56.5		$	56.5		$	56.4		$	56.3		$	1.0		2	%	$	1.2		2	%
Interest-earning assets	57.5			56.5			56.5			56.4			56.3			1.0			2		1.2			2
Total assets	60.0			59.0			59.0			58.8			58.7			1.0			2		1.3			2
Total deposits	58.1			58.7			59.4			59.1			58.9			(0.6)			(1)		(0.8)			(1)

Key Metrics
Net interest margin6	4.58		%	4.68		%	4.67		%	4.74		%	4.60		%	(10)		bp			(2)		bp
Efficiency ratio	48.39		%	47.86		%	48.31		%	46.50		%	46.91		%	53		bp			148		bp
Loans-to-deposits ratio (period-end balances)	98.64		%	95.94		%	94.83		%	94.56		%	95.33		%	270		bp			331		bp
Loans-to-deposits ratio (average balances)	98.90		%	96.19		%	95.09		%	95.30		%	95.59		%	271		bp			331		bp
Return on average assets (annualized)	2.03		%	2.05		%	2.09		%	2.15		%	2.02		%	(2)		bp			1		bp
Return on allocated equity7	20.81		%	20.57		%	20.34		%	20.37		%	18.80		%	24		bp			201		bp
Financial center locations	407			410			412			413			414			(3)					(7)

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


																2Q26 Change vs.
	2Q26			1Q26			4Q25			3Q25			2Q25			1Q26					2Q25
																$/bp			%		$/bp			%
Income Statement (millions)
Net interest income	$	67		$	62		$	66		$	60		$	57		$	5		8	%	$	10		17	%
Noninterest income	58			64			69			74			53			(7)			(10)		4			8
Total revenue	125			126			135			134			111			(2)			(1)		14			13
Noninterest expense	79			83			85			83			75			(5)			(6)		4			5
Pre-provision net revenue3	46			43			50			52			36			3			7		10			29
Provision for credit losses	23			9			3			(1)			6			14			146		17			NM
Income before income tax expense	23			34			47			52			30			(10)			(31)		(7)			(22)
Income tax expense	6			8			11			13			7			(3)			(32)		(2)			(24)
Net income	$	18		$	26		$	36		$	40		$	23		$	(8)		(30)	%	$	(5)		(22)	%

Average Balances (billions)
Total loans and leases	$	7.0		$	6.3		$	6.5		$	6.0		$	5.8		$	0.7		10	%	$	1.2		20	%
Interest-earning assets	9.9			9.4			9.6			8.7			8.6			0.5			5		1.3			15
Total assets	10.5			10.1			10.3			9.4			9.3			0.5			5		1.2			13
Total deposits	2.0			2.3			2.3			2.2			2.1			(0.3)			(12)		(0.1)			(4)

Key Metrics
Fixed income product average daily revenue (thousands)	$	594		$	742		$	765		$	771		$	550		$	(149)		(20)	%	$	43		8	%
Net interest margin6	2.73		%	2.68		%	2.72		%	2.77		%	2.67		%	5		bp			6		bp
Efficiency ratio	63.00		%	66.01		%	62.77		%	61.54		%	67.76		%	(302)		bp			(476)		bp
Loans-to-deposits ratio (period-end balances)	419		%	354		%	343		%	319		%	312		%	6,585		bp			10,756		bp
Loans-to-deposits ratio (average balances)	353		%	280		%	288		%	276		%	282		%	7,220		bp			7,021		bp
Return on average assets (annualized)	0.68		%	1.03		%	1.38		%	1.68		%	0.98		%	(35)		bp			(31)		bp
Return on allocated equity7	11.50		%	17.55		%	24.11		%	26.29		%	15.39		%	(605)		bp			(389)		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


											2Q26 Change vs.
	2Q26		1Q26		4Q25		3Q25		2Q25		1Q26				2Q25
											$		%		$		%
Income Statement (millions)
Net interest income/(expense)	$	(45)	$	(44)	$	(51)	$	(56)	$	(60)	$	(1)	(2)	%	$	14	24	%
Noninterest income	30		12		18		25		22		18		NM		8		36
Total revenues	(15)		(32)		(33)		(32)		(38)		17		52		22		59
Noninterest expense	76		54		80		102		61		22		41		15		24
Pre-provision net revenue3	(92)		(86)		(113)		(134)		(99)		(5)		(6)		7		7
Provision for credit losses	(9)		(2)		(1)		(6)		11		(7)		NM		(20)		NM
Income before income tax expense	(83)		(84)		(112)		(128)		(110)		1		2		27		25
Income tax expense (benefit)	(35)		(26)		(31)		(35)		(35)		(9)		(35)		—		—
Net income/(loss)	$	(48)	$	(58)	$	(81)	$	(93)	$	(75)	$	11	18	%	$	27	36	%

Average Balance Sheet (billions)
Interest bearing assets	$	10.6	$	11.1	$	11.0	$	11.0	$	11.0	$	(0.5)	(4)	%	$	(0.4)	(4)	%
Total assets	13.6		14.0		13.8		13.9		13.9		(0.4)		(3)		(0.4)		(3)

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 $153 million of commercial credit card balances at June 30, 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 was 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)	2Q26			1Q26			4Q25			3Q25			2Q25

Tangible Common Equity (Non-GAAP)
(A) Total equity (GAAP)	$	9,464		$	9,465		$	9,142		$	9,244		$	9,257
Less: Noncontrolling interest (a)	295			295			295			295			295
Less: Preferred stock (a)	682			741			349			349			426
(B) Total common equity	$	8,487		$	8,429		$	8,498		$	8,600		$	8,536
Less: Intangible assets (GAAP) (b)	1,599			1,607			1,615			1,624			1,633
(C) Tangible common equity (Non-GAAP)	$	6,888		$	6,822		$	6,882		$	6,976		$	6,903

Tangible Assets (Non-GAAP)
(D) Total assets (GAAP)	$	84,437		$	84,132		$	83,876		$	83,192		$	82,084
Less: Intangible assets (GAAP) (b)	1,599			1,607			1,615			1,624			1,633
(E) Tangible assets (Non-GAAP)	$	82,839		$	82,525		$	82,261		$	81,568		$	80,451












Period-end Shares Outstanding
(F) Period-end shares outstanding	474			476			485			500			509

Ratios


(A)/(D) Total equity to total assets (GAAP)	11.21		%	11.25		%	10.90		%	11.11		%	11.28		%
(C)/(E) Tangible common equity to tangible assets (“TCE/TA”) (Non-GAAP)	8.31		%	8.27		%	8.37		%	8.55		%	8.58		%
(B)/(F) Book value per common share (GAAP)	$	17.91		$	17.72		$	17.53		$	17.19		$	16.78
(C)/(F) Tangible book value per common share (Non-GAAP)	$	14.53		$	14.34		$	14.20		$	13.94		$	13.57

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

Adjusted Diluted EPS
Net income available to common shareholders ("NIAC") (GAAP)	a	$	260		$	257		$	257		$	254		$	233
Plus Total notable items (after-tax) (Non-GAAP) (a)		$	1		$	—		$	2		$	9		$	(3)
Adjusted net income available to common shareholders (Non-GAAP)	b	$	262		$	257		$	259		$	263		$	229

Diluted Shares (GAAP)8	c	480			487			496			510			514

Diluted EPS (GAAP)	a/c	$	0.54		$	0.53		$	0.52		$	0.50		$	0.45
Adjusted diluted EPS (Non-GAAP)	b/c	$	0.54		$	0.53		$	0.52		$	0.51		$	0.45

Adjusted Net Income ("NI") and Adjusted Return on Assets ("ROA")
Net Income ("NI") (GAAP)		$	274		$	266		$	266		$	266		$	244
Plus Relevant notable items (after-tax) (Non-GAAP) (a)		$	4		$	—		$	2		$	6		$	(3)
Adjusted NI (Non-GAAP)		$	278		$	266		$	268		$	272		$	241

NI (annualized) (GAAP)	d	$	1,101		$	1,079		$	1,054		$	1,055		$	980
Adjusted NI (annualized) (Non-GAAP)	e	$	1,116		$	1,079		$	1,064		$	1,079		$	967

Average assets (GAAP)	f	$	84,097		$	83,045		$	83,081		$	82,049		$	81,958

ROA (GAAP)	d/f	1.31		%	1.30		%	1.27		%	1.29		%	1.20		%
Adjusted ROA (Non-GAAP)	e/f	1.33		%	1.30		%	1.28		%	1.32		%	1.18		%

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		$	1,044		$	1,018		$	1,007		$	933
Adjusted Net income available to common shareholders (annualized) (Non-GAAP)	h	$	1,049		$	1,044		$	1,028		$	1,042		$	919

Average Common Equity (GAAP)	i	$	8,468		$	8,514		$	8,491		$	8,579		$	8,376
Intangible Assets (GAAP) (b)		1,603			1,611			1,619			1,628			1,638
Average Tangible Common Equity (Non-GAAP)	j	$	6,865		$	6,903		$	6,872		$	6,950		$	6,738



ROCE (GAAP)	g/i	12.33		%	12.26		%	11.99		%	11.74		%	11.14		%


ROTCE (Non-GAAP)	g/j	15.21		%	15.12		%	14.82		%	14.49		%	13.85		%
Adjusted ROTCE (Non-GAAP)	h/j	15.29		%	15.12		%	14.96		%	15.00		%	13.65		%

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

Adjusted Noninterest Income as a % of Total Revenue
Noninterest income (GAAP)	k	$	211		$	195		$	212		$	215		$	189
Plus notable items (pretax) (GAAP) (a)		—			—			—			—			—
Adjusted noninterest income (Non-GAAP)	l	$	211		$	195		$	212		$	215		$	189

Revenue (GAAP)	m	$	887		$	862		$	888		$	889		$	830
Taxable-equivalent adjustment		3			3			3			3			4
Revenue- Taxable-equivalent (Non-GAAP)		890			865			892			893			833
Plus notable items (pretax) (GAAP) (a)		—			—			—			—			—
Adjusted revenue (Non-GAAP)	n	$	890		$	865		$	892		$	893		$	833

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

Noninterest income as a % of total revenue (GAAP)	(k-o)/(m-o)	23.73		%	22.63		%	23.89		%	24.16		%	22.73		%
Adjusted noninterest income as a % of total revenue (Non-GAAP)	(l-o)/(n-o)	23.65		%	22.55		%	23.80		%	24.07		%	22.63		%

Adjusted Efficiency Ratio
Noninterest expense (GAAP)	p	$	531		$	505		$	545		$	551		$	491
Plus notable items (pretax) (GAAP) (a)		(5)			—			(3)			(8)			4
Adjusted noninterest expense (Non-GAAP)	q	$	526		$	505		$	541		$	542		$	495

Revenue (GAAP)	r	$	887		$	862		$	888		$	889		$	830
Taxable-equivalent adjustment		3			3			3			3			4
Revenue- Taxable-equivalent (Non-GAAP)		890			865			892			893			833
Plus notable items (pretax) (GAAP) (a)		—			—			—			—			—
Adjusted revenue (Non-GAAP)	s	$	890		$	865		$	892		$	893		$	833

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

Efficiency ratio (GAAP)	p/ (r-t)	59.88		%	58.54		%	61.33		%	61.92		%	59.20		%
Adjusted efficiency ratio (Non-GAAP)	q/ (s-t)	59.11		%	58.34		%	60.73		%	60.76		%	59.47		%

(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
	2Q26		1Q26		2Q26 vs. 1Q26				2Q26		1Q26		2Q26 vs. 1Q26










Loans excluding LMC
Total Loans (GAAP)	$	65,330	$	64,377	$	953	1	%	$	64,695	$	63,192	$	1,503	2	%
LMC (GAAP)	4,759		4,641		118		3	%	4,284		3,884		399		10	%
Total Loans excl. LMC (Non-GAAP)	60,571		59,736		835		1	%	60,411		59,308		1,104		2	%
Total Consumer (GAAP)	14,439		14,490		(50)		—	%	14,439		14,567		(128)		(1)	%
Total Commercial excl. LMC (Non-GAAP)	46,131		45,246		886		2	%	45,972		44,741		1,232		3	%
Total CRE (GAAP)	13,595		13,420		175		1	%	13,510		13,417		93		1	%
Total C&I excl. LMC (Non-GAAP)	$	32,536	$	31,826	$	710	2	%	$	32,462	$	31,324	1,138		4	%

Numbers may not total due to rounding.



		2Q26			1Q26			4Q25			3Q25			2Q25
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	$	709		$	730		$	738		$	777		$	814
Reserve for unfunded commitments (GAAP)		99			96			101			93			87
Allowance for credit losses (Non-GAAP)	B	$	808		$	826		$	839		$	870		$	901

Loans and leases (GAAP)	C	$	65,330		$	64,377		$	64,156		$	63,058		$	63,260
Nonaccrual loans and leases (GAAP)	D	$	531		$	606		$	604		$	605		$	593

Allowance for loan and lease losses to loans and leases (GAAP)	A/C	1.09		%	1.13		%	1.15		%	1.23		%	1.29		%
Allowance for credit losses to loans and leases (Non-GAAP)	B/C	1.24		%	1.28		%	1.31		%	1.38		%	1.42		%

Allowance for loan and lease losses to nonperforming loans and leases (GAAP)	A/D	133		%	120		%	122		%	128		%	137		%
Allowance for credit losses to nonperforming loans and leases (Non-GAAP)	B/D	152		%	136		%	139		%	144		%	152		%

Numbers may not total due to rounding.


CONSOLIDATED NON-GAAP TO GAAP RECONCILIATION
Quarterly, Unaudited

($ in millions)

	2Q26		1Q26		4Q25		3Q25		2Q25
Adjusted Pre-provision Net Revenue (PPNR)
Pre-tax income (GAAP)	$	341	$	342	$	343	$	344	$	309
Plus notable items (pretax) (GAAP) (a)	5		—		3		8		(4)
Adjusted Pre-tax income (non-GAAP)	$	346	$	342	$	347	$	352	$	304
Plus provision for credit losses expense (GAAP)	15		15		—		(5)		30
Adjusted Pre-provision net revenue (PPNR) (non-GAAP)	$	361	$	357	$	347	$	347	$	334
Taxable-equivalent adjustment	3		3		3		3		4
Adjusted Pre-provision net revenue-Taxable-equivalent (Non-GAAP)	$	364	$	360	$	350	$	351	$	338

(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

Second Quarter 2026 Earnings July 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, ACL to loans ratio, 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 2Q26 Change vs. 2Q26 1Q26 4Q25 3Q25 2Q25 1Q26 2Q25 Net interest income $676 $667 $676 $674 $641 $9 1% $35 5% Fee income 211 195 212 215 189 16 8% 22 12% Total revenue 887 862 888 889 830 25 3% 57 7% Expense 531 505 545 551 491 26 5% 40 8% Pre-provision net revenue (PPNR) 356 357 343 339 339 (1) —% 17 5% Provision for credit losses 15 15 — (5) 30 — —% (15) (50%) Pre-tax income 341 342 343 344 309 (1) —% 32 10% Income tax expense 66 76 78 78 64 (10) (13%) 2 4% Net income 274 266 266 266 244 8 3% 30 12% Non-controlling interest 4 3 4 4 4 — 4% — (10%) Preferred dividends 10 5 5 8 8 5 103% 3 34% Net income available to common shareholders (NIAC) $260 $257 $257 $254 $233 $3 1% $28 12% Diluted EPS $0.54 $0.53 $0.52 $0.50 $0.45 $0.01 2% $0.09 20% Diluted shares 480 487 496 510 514 (7) (1%) (34) (7%) ROCE 12.3% 12.3% 12.0% 11.7% 11.1% 7bps 119bps ROTCE 15.2% 15.1% 14.8% 14.5% 13.8% 9bps 136bps ROA 1.3% 1.3% 1.3% 1.3% 1.2% 1bps 11bps Net interest margin 3.49% 3.52% 3.51% 3.55% 3.40% (3bps) 9bps Fee income / total revenue 23.7% 22.6% 23.9% 24.2% 22.7% 110bps 100bps Efficiency ratio 59.9% 58.5% 61.3% 61.9% 59.2% 134bps 68bps FTEs (full-time equivalent associates) 7,422 7,369 7,373 7,341 7,255 53 1% 167 2% CET1 ratio 10.5% 10.5% 10.6% 11.0% 11.0% (7bps) (53bps) Effective tax rate 19.5% 22.2% 22.6% 22.7% 20.8% (274bps) (131bps) Tangible book value per share (TBVPS) $14.53 $14.34 $14.20 $13.94 $13.57 $0.19 1% $0.96 7% Period end loans $65.3B $64.4B $64.2B $63.1B $63.3B $1.0B 1% $2.1B 3% Period end deposits $68.1B $66.5B $67.5B $65.5B $65.6B $1.6B 2% $2.5B 4% Period end loan to deposit ratio 96% 97% 95% 96% 96% (86bps) (50bps) Allowance for loans and lease losses to loans and leases 1.09% 1.13% 1.15% 1.23% 1.29% (4bps) (20bps) Allowance for credit losses to loans and leases 1.24% 1.28% 1.31% 1.38% 1.42% (4bps) (18bps) 2Q26 reported financial summary 3

©2026 First Horizon Bank. Member FDIC. $ in millions, except per share data Adjusted Results 2Q26 Change vs. 2Q26 1Q26 4Q25 3Q25 2Q25 1Q26 2Q25 Net interest income (FTE) $679 $670 $679 $678 $645 $9 1% $35 5% Fee income $211 $195 $212 $215 $189 $16 8% $22 12% Total revenue (FTE) $890 $865 $892 $893 $833 $25 3% $57 7% Expense $526 $505 $541 $542 $495 $21 4% $30 6% Pre-provision net revenue $364 $360 $350 $351 $338 $4 1% $26 8% Provision for credit losses $15 $15 $— ($5) $30 $— —% ($15) (50%) Net charge-offs $33 $29 $30 $26 $34 $4 14% ($1) (3%) Reserve build / (release) ($18) ($14) ($30) ($31) ($4) ($4) (33%) ($14) NM NIAC $262 $257 $259 $263 $229 $5 2% $33 14% EPS $0.54 $0.53 $0.52 $0.51 $0.45 $0.01 2% $0.09 20% Diluted shares 480 487 496 510 514 (7) (1%) (34) (7%) ROTCE 15.3% 15.1% 15.0% 15.0% 13.6% 17bps 164bps ROA 1.3% 1.3% 1.3% 1.3% 1.2% 3bps 15bps Net interest margin (NIM) 3.49% 3.52% 3.51% 3.55% 3.40% (3bp) 9bps Fee income / total revenue 23.6% 22.6% 23.8% 24.1% 22.6% 110bps 102bps Efficiency ratio 59.1% 58.3% 60.7% 60.8% 59.5% 77bps (36bps) CET1 Ratio 10.5% 10.5% 10.6% 11.0% 11.0% (7bps) (53bps) TBVPS $14.53 $14.34 $14.20 $13.94 $13.57 $0.19 1% $0.96 7% Effective tax rate 19.5% 22.2% 22.7% 22.7% 20.8% (271bps) (126bps) 2Q26 adjusted financial summary PPNR, ROTCE, TBVPS, 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. 2Q26 highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 2Q26 notable items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 NII and NIM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Adjusted fee income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Adjusted expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Asset quality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 2026 outlook . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Strategic focus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 5 Table of Contents 5

©2026 First Horizon Bank. Member FDIC. redit: Capital 1H26 vs. 1H25 Adjusted PPNR growth +8%Earnings: 2Q26 Change vs. 1Q26 Adjusted EPS $0.54 +$0.01 Adjusted PPNR $364 million +1% NII $679 million +1% Capital: CET1 ratio 10.5% (7bps) TBVPS $14.53 +1% Buybacks $100 million Credit: NCO% 20bps 2bp ACL% 1.24% (4bps) NPL% 0.81% (13bps) Continued momentum in 2Q26 Strong First Half Performance 1H26 vs. 1H25 Adjusted EPS growth +$0.21 • Adjusted ROTCE of 15.3% for 2Q26 • Adjusted PPNR of $364 million, up 1% from 1Q26 and up 8% vs 2Q25 • NII up $9 million from prior quarter reflecting strong average loan balance growth of $1.5 billion • NIM compression of 3bps driven by increased deposit costs similar to prior year patterns • Adjusted fee income excluding deferred compensation decreased $1 million, reflecting a decline in fixed income average daily revenue (ADR), partially offset by a $3 million increase in Brokerage, Trust, and Insurance • Adjusted expense excluding deferred compensation increased $6 million driven by typical marketing seasonal patterns of increased advertising costs partially offset by client cash incentive payout reductions • Provision expense of $15 million • Net charge-offs of $33 million, or 0.20% of total loans, up 2bps from 1Q26 • Maintained CET1 ratio of 10.5% in line with near-term target; 2Q26 buybacks of $100 million at $24.52 per share 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 1H26 vs. 1H25 adjusted ROTCE increase +184bps 2Q26 financial highlights

©2026 First Horizon Bank. Member FDIC. Notable Items ($ in millions, except per share data) 2Q26 Visa derivative valuation expense (other noninterest expense) ($5) Pre-tax impact of notable items $5 Tax on notable items before preferred stock dividends $1 Deemed dividend on redemption of preferred stock $3 Total notable items (after-tax) $1 EPS impact of notable items $— Pre-Tax Notable Items • $5 million impact related to Visa derivative valuation expenses • $3 million of deemed dividend impacts related to the redemption of preferred stock 2Q26 notable items After-Tax Notable Items 7

©2026 First Horizon Bank. Member FDIC. • Net interest income increased $9 million and net interest margin compressed 3bps versus 1Q26 ◦ Interest-bearing deposit costs increased 5bps primarily due to higher brokered deposit balances • As of period end 2Q26, 58%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 ~4.9% and $1 billion of securities with a roll-off yield of ~2.8% $645 $678 $679 $670 $679 3.40% 3.55% 3.51% 3.52% 3.49% 2Q25 3Q25 4Q25 1Q26 2Q26 Net interest income ($) and NIM (%) $ in millions NII Margin 1Q26 $670 3.52% Loan Balances & Fees $9 (0.02%) Deposit Funding Mix ($3) (0.05%) Investment Portfolio & Trading Securities $2 0.02% Day Count & Other $1 0.02% 2Q26 $679 3.49% Loan growth supported NII growth in the quarter 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 18 in the Appendix. 8

©2026 First Horizon Bank. Member FDIC. • 2Q26 period end deposits of $68.1 billion ◦ Increase of $1.6 billion versus 1Q26, driven by a $2 billion increase in brokered CDs ◦ Retained ~96% of ~$30 billion of total balances associated with repriced deposits in the quarter, while keeping costs on these balances flat from 1Q26 • 2Q26 average deposits of $66.8 billion ◦ Brokered deposits averaged $1.3 billion higher in 2Q26 compared to 1Q26 ◦ Average DDA balances increased $121 million from the prior quarter • 2Q26 interest-bearing rate paid of 2.33%, up 5bps ◦ Maintained strong repricing performance with ~66% cumulative beta since cuts began in 3Q24 ◦ Quarter end interest-bearing deposit spot rate was ~2.43% Period end deposits $65.6B $65.5B $67.5B $66.5B $68.1B $15.9 $16.0 $15.8 $15.9 $16.0 $14.7 $13.6 $14.2 $14.2 $14.2 $30.6 $31.7 $31.5 $31.1 $30.1 $4.4 $4.2 $6.0 $5.3 $7.8 Noninterest bearing deposits Base rate deposits Customer promos, CDs, & indexed deposits Brokered deposits 2Q25 3Q25 4Q25 1Q26 2Q26 Deposit portfolio reflects balance sheet seasonality 9

©2026 First Horizon Bank. Member FDIC. Period end loans • 2Q26 period end loans of $65.3 billion, up 1% versus 1Q26 and 3% versus 2Q25 ◦ C&I excluding loans to mortgage companies (LMC) grew $710 million, or 2% versus 1Q26 ◦ LMC increased $118 million versus 1Q26 ◦ CRE balances increased $175 million versus 1Q26 • Average loan balances increased by $1.5 billion from 1Q26 reflecting $1.6 billion in total commercial loan growth ◦ Average loan balances grew 3% from 2Q25 • Period end total loan portfolio line utilization of 44%1 • Loan yield compression of 1bp to 5.67% • Asset sensitive profile reflected in loan composition of 58% variable rate, 12% ARM, and 30% fixed rate3 $63.3B $63.1B $64.2B $64.4B $65.3B $30.3B $30.5B $31.2B $31.8B $32.5B $13.9B $13.7B $13.6B $13.4B $13.6B $14.4B $14.4B $14.1B $13.9B $13.9B $4.1B $3.9B $4.7B $4.6B $4.8B C&I ex LMC Commercial real estate (CRE) Consumer real estate LMC Credit card & other² 2Q25 3Q25 4Q25 1Q26 2Q26 Loan growth driven by commercial in 2Q26 1Utilization rates exclude loans to mortgage companies. 2Credit card & other was $0.6B in 2Q25, 3Q25, 4Q25, 1Q26, and 2Q26. 3Does not include the impact of interest rate hedges. For more detail on the hedges, see slide 18 in the Appendix. 10

©2026 First Horizon Bank. Member FDIC. • 2Q26 adjusted fee income excluding deferred compensation decreased $1 million from 1Q26 ◦ Fixed income down $7 million from 1Q26 as average daily revenue decreased to $594k, reflecting market conditions in the quarter ◦ Brokerage, trust, and insurance increased $3 million from increased wealth management production and continued strong client activity • Strong start to 2026 results as adjusted fee income excluding deferred compensation increased $28 million in the first half of the year versus the first half of 2025 $ in millions Adjusted Results 2Q26 Change vs. 2Q26 1Q26 4Q25 3Q25 2Q25 1Q26 2Q25 Fixed income $46 $53 $57 $57 $42 ($7) (14%) $4 8% Mortgage banking $9 $9 $10 $15 $10 $0 2% $0 (3%) Service charges and fees $59 $58 $64 $57 $55 $0 —% $4 6% Brokerage, trust, and insurance $45 $43 $41 $39 $39 $3 7% $7 17% Card and digital banking fees $18 $18 $18 $19 $19 $0 (2%) ($1) (6%) Deferred compensation income $15 $(3) $3 $8 $8 $18 NM $7 97% Securities gains/(losses) $0 $(1) $0 $0 $0 $1 141% $0 72% Other noninterest income $18 $16 $18 $19 $16 $2 12% $2 14% Total fee income $211 $195 $212 $215 $189 $16 8% $22 12% Fee income ex deferred comp $196 $197 $209 $207 $181 ($1) —% $14 8% Fixed income ADR1 $594k $742k $765k $771k $550k ($149k) (20%) $43k 8% Fee income reflects changing rate environment 11 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. • 2Q26 adjusted expense excluding deferred compensation increased $6 million versus 1Q26 ◦ Personnel expense excluding deferred compensation increased $1 million ▪ Salaries and benefits increased $4 million driven by higher day count and net hires ▪ Incentives and commissions decreased $3 million driven by decreased fixed income ADR, partially offset by increased incentives from higher mortgage production ◦ Outside services increased by $10 million mostly driven by marketing, partially offset by client cash incentive payout reductions noted in other noninterest expense, which reflects marketing campaign seasonality ◦ Other noninterest expense decreased by $8 million primarily driven by timing of new account promotions $ in millions Adjusted Results 2Q26 Change vs. 2Q26 1Q26 4Q25 3Q25 2Q25 1Q26 2Q25 Salaries and benefits $215 $211 $213 $209 $206 $4 2% $9 4% Incentives and commissions $76 $79 $87 $79 $73 ($3) (4%) $3 5% Deferred compensation expense $13 $(2) $3 $8 $7 $14 NM $6 98% Total personnel expense $304 $289 $303 $296 $286 $16 5% $19 7% Occupancy and equipment1 $86 $84 $83 $80 $79 $2 3% $7 9% Outside services $79 $69 $95 $79 $71 $10 15% $9 12% Amortization of intangible assets $8 $8 $9 $9 $10 $— —% ($2) (16%) Other noninterest expense $48 $55 $52 $79 $50 ($8) (14%) ($3) (6%) Adjusted total noninterest expense $526 $505 $541 $542 $495 $21 4% $30 6% Expense ex deferred comp $513 $507 $538 $534 $489 $6 1% $24 4% Full-time equivalent associates 7,422 7,369 7,373 7,341 7,255 53 1% 167 2% Expense discipline continues through the first half of 2026 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. 12

©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 $34 $26 $30 $29 $33 0.22% 0.17% 0.19% 0.18% 0.20% 0.54% 0.60% 0.56% 0.58% 2Q25 3Q25 4Q25 1Q26 2Q26 FHN NCOs $901 $870 $839 $826 $808 1.42% 1.38% 1.31% 1.28% 1.24% ACL ACL/Loans 2Q25 3Q25 4Q25 1Q26 2Q26 $593 $605 $604 $606 $531 0.94% 0.96% 0.94% 0.94% 0.81% NPLs $ NPLs % 2Q25 3Q25 4Q25 1Q26 2Q26 • 2Q26 net charge-offs of $33 million ◦ NCO ratio of 0.20%, up 2bps from 1Q26 • Provision expense of $15 million in 2Q26 ◦ 2Q26 ACL to loans ratio decreased to 1.24%, reflecting lower non-pass and non-performing loans • NPL ratio of 81bps, down 13 basis points from 1Q26 Credit performance remains in line with expectations 13 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. 10.5% 0.35% (0.11)% (0.14)% (0.20)% 0.03% 10.5% 1Q26 Actual Adj. NIAC Common Dividend Share Buybacks Change in Loan Balances & Unfunded Commitments Notable items & other¹ 2Q26 Estimate • CET1 ratio remained consistent with the prior quarter at 10.5% ◦ CET1 changes were supported by strong loan growth and share buybacks of $100 million at $24.52 per share3 ◦ $665 million of authorization remaining under repurchase program approved in 4Q25 • TBVPS of $14.53 increased $0.19 versus 1Q26 driven by NIAC contribution of $0.55 and is up $0.96 year-over-year Capital ratios Common equity tier 1 (CET1) Tangible book value per share (TBVPS) 14.0% 13.8% 13.3% 13.7% 13.4% CET1 ratio Tier 1 capital ratio Total capital ratio 2Q25 3Q25 4Q25 1Q26 2Q26 $14.34 $0.55 $(0.17) $(0.03) $(0.09) $(0.07) $14.53 1Q26 Actual Adj. NIAC Impact Common Dividends Marks on AFS & Hedges Share Buybacks Notable items & other² 2Q26 Actual 11.0% 11.0% 10.6% 10.5% 10.5% 11.9%11.5%11.9%12.0% 11.8% Loan growth and share repurchases support CET1 targets 14 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 $24.52 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 15 Initial 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 Four Quarters 15.1% 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 continues (~$5mm+ annual impact) • Improved wealth management penetration across the footprint (~$5mm recognized in 1H2026) Four consecutive quarters of 15%+ adjusted ROTCE driven by focused execution 16

©2026 First Horizon Bank. Member FDIC. Variable 58% Fixed 30% ARMs 12% $65.3B Floors 60% Swaps 40% $5.0B Loan repricing profile Balance sheet hedges Modest interest rate sensitivity1 +100bps +2.9% -100bps -3.3% • Modestly asset-sensitive profile driven by 58% variable rate loan mix • Within the ARM portfolio, only 9% 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 59% Neither 33%7% $68.1B 67% of deposits insured or collateralized Collateralized • Commercial deposits of $41 billion or 60% and consumer deposits of $27 billion or 40% • Attractive lower-cost deposit base with 23% comprised of non-interest bearing products • Contingency funding plan equates to ~140% of uninsured or uncollateralized deposits Actively managing liquidity and interest rate sensitivity 18 1Estimate as of 6/30/2026.

©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 19 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. $116 / 8% $1,344 / 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 20

©2026 First Horizon Bank. Member FDIC. A balanced mix of NDFI, designed to manage risk and capture opportunity across cycles $8.7 $4.1 7% 6% 87% LMC Non-LMC NDFI All Other 21 All loan balance references are to period-end loans. All NDFI numbers are sourced from the call report as of 3/31/26. 1Q26 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 $64.4 1Q26 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 0.34% of total NDFI~53% of 3/31/26 call report NDFI

©2026 First Horizon Bank. Member FDIC. Other 14 Industries 24% Mortgage Warehouse 13% Real Estate & Leasing 12% Finance & Insurance 11% Wholesale Trade 7%Health Care & Social Assistance 7% Manufacturing 7% Accommodation & Food Service 6% Retail Trade 5% Transportation & Warehousing 5% Energy 3% Multi-family 42% Office 5% All other CRE 53% Total loan portfolio RE installment loans 81% HELOC 15% Credit card & other 4% Total loans $65.3B Consumer $14.4B C&I $37.3B Consumer by product CRE $13.6B • 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 ~73% of loans are floating and ~$3B on average maturing annually throughout 2026 and 2027 ◦ Granular portfolio with less than 0.4% of loan relationships by count with commitments above $50 million ◦ Medical office comprises 53% 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 7% Industrial 14% Retail 17% Office 19% Multi-Family 29% CRE by property type CRE $13.6B 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. 22

©2026 First Horizon Bank. Member FDIC. 31% $37.3B 9% FL 31% TX 21% GA 8% NC 10% TN 7% LA 5% Other SE1 6% 7% 18% 14% SC 3% Total C&I Multi- family Traditional office Other CRE Total CRE $4.5B $1.2B $7.9B $13.6B C&I C&I exposure to markets outside the southeast primarily driven by specialty businesses with no state accounting for more than 6% $50.9B commercial loan portfolio with 74% in attractive southeastern footprint Southeastern (SE) footprint All other TN 18% FL 12% TX 10% NC 6% LA 6% GA 4% 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. 23 NC 21% FL 14% TN 17% GA 11% TX 13% Other SE1 6% LA 7% SC 4% FL 26% NC 11% LA 9% TN 8% TX 10% GA 6% SC 4% Other SE1 8% FL 26% TX 14% NC 12% TN 8% GA 7% LA 8% SC 4% Other SE1 7% CRE Map excludes $13.3B of loans outside of the southeastern footprint driven by specialty business lines

©2026 First Horizon Bank. Member FDIC. 2Q26 investment portfolio composition2 Steady principal cash flows3 Investment portfolio $0.4B $0.3B $0.3B $0.2B 3Q26 4Q26 1Q27 2Q27 Agency MBS 38% Agency CMBS 28% Agency CMO 14% U.S. Agencies & Treasury 16% States & Municipalities 4% $9.3B $9.3B $9.3B $9.5B $9.2B 3.06% 3.09% 3.06% 3.02% 3.05% Average AFS Securities Average HTM Securities Average Yield 2Q25 3Q25 4Q25 1Q26 2Q26 • 2Q26 investment portfolio represents ~11% of total assets ◦ Moderate total portfolio effective duration of 3.8 years ◦ Low reliance on the HTM designation at ~13% of total portfolio ◦ 96% U.S. government or agency-backed by GSEs • 2Q26 total unrealized losses on the AFS and HTM portfolios of $0.9B, consistent with 1Q26 levels 2Q25 3Q25 4Q25 1Q26 2Q26 % of total assets 11% 11% 11% 11% 11% Pre-tax unrealized losses ($1.0B) ($0.9B) ($0.8B) ($0.8B) ($0.9B) Effective duration (years) 4.4 4.2 3.9 3.7 3.8 Excess collateral ratio1 30% 34% 26% 35% 33% Investment portfolio prudently managed to support liquidity and IRR 24 1Unpledged securities and securities pledged in excess of collateral requirements divided by total securities. 2Calculated based on period end market values. 3Estimated as of 6/30/26; includes maturities and projected calls.

©2026 First Horizon Bank. Member FDIC. $ in millions, except EPS 2Q26 1Q26 4Q25 3Q25 2Q25 Summary of Notable Items: Deferred compensation adjustment $— $— $— $— $4 FDIC special assessment (other noninterest expense) $— $— $7 $2 $1 Other notable expenses * $(5) $— $(10) $(10) $— Total notable items (pre-tax) $(5) $— $(3) $(8) $4 Tax-related notable items $— $— $— $— $— Preferred Stock Dividend ** $3 $— $— $(3) $— Notable items 25 Numbers may not total due to rounding. * 2Q26 includes $5 million of Visa derivative valuation expenses and 4Q25 and 3Q25 each include $10 million. ** 2Q26 and 3Q25 include deemed dividends on the redemption of 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 2Q26 1Q26 4Q25 3Q25 2Q25 Tangible Common Equity (non-GAAP) (A) Total equity (GAAP) $9,464 $9,465 $9,142 $9,244 $9,257 Less: Noncontrolling interest (a) 295 295 295 295 295 Less: Preferred stock (a) 682 741 349 349 426 (B) Total common equity $8,487 $8,429 $8,498 $8,600 $8,536 Less: Intangible assets (GAAP) (b) 1,599 1,607 1,615 1,624 1,633 (C) Tangible common equity (non-GAAP) $6,888 $6,822 $6,882 $6,976 $6,903 Tangible Assets (non-GAAP) (D) Total assets (GAAP) $84,437 $84,132 $83,876 $83,192 $82,084 Less: Intangible assets (GAAP) (b) 1,599 1,607 1,615 1,624 1,633 (E) Tangible assets (non-GAAP) $82,839 $82,525 $82,261 $81,568 $80,451 Period end Shares Outstanding (F) Period end shares outstanding 474 476 485 500 509 Ratios (A)/(D) Total equity to total assets (GAAP) 11.21% 11.25% 10.90% 11.11% 11.28% (C)/(E) Tangible common equity to tangible assets (“TCE/TA”) (non-GAAP) 8.31% 8.27% 8.37% 8.55% 8.58% (B)/(F) Book value per common share (GAAP) $17.91 $17.72 $17.53 $17.19 $16.78 (C)/(F) Tangible book value per common share (non-GAAP) $14.53 $14.34 $14.20 $13.94 $13.57 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. 26

©2026 First Horizon Bank. Member FDIC. $ in millions, except per share data Quarterly, Unaudited 2Q26 1Q26 4Q25 3Q25 2Q25 Adjusted Diluted EPS Net income available to common shareholders ("NIAC") (GAAP) a $260 $257 $257 $254 $233 Plus Total notable items (after-tax) (Non-GAAP) (a) 1 — 2 9 (3) Adjusted net income available to common shareholders (Non-GAAP) b $262 $257 $259 $263 $229 Diluted Shares (GAAP) c 480 487 496 510 514 Diluted EPS (GAAP) a/c $0.54 $0.53 $0.52 $0.50 $0.45 Adjusted diluted EPS (Non-GAAP) b/c $0.54 $0.53 $0.52 $0.51 $0.45 Adjusted Net Income ("NI") and Adjusted Return on Assets ("ROA") Net Income ("NI") (GAAP) $274 $266 $266 $266 $244 Plus Relevant notable items (after-tax) (Non-GAAP) (a) $4 $— $2 $6 $(3) Adjusted NI (Non-GAAP) $278 $266 $268 $272 $241 NI (annualized) (GAAP) d $1,101 $1,079 $1,054 $1,055 $980 Adjusted NI (annualized) (Non-GAAP) e $1,116 $1,079 $1,064 $1,079 $967 Average assets (GAAP) f $84,097 $83,045 $83,081 $82,049 $81,958 ROA (GAAP) d/f 1.31% 1.30% 1.27% 1.29% 1.20% Adjusted ROA (Non-GAAP) e/f 1.33% 1.30% 1.28% 1.32% 1.18% Return on Average Common Equity ("ROCE")/ Return on Average Tangible Common Equity ("ROTCE")/ Adjusted ROTCE $ in millions, except per share data Quarterly, Unaudited Annual, Unaudited Last Four 2Q26 1Q26 4Q25 3Q25 2Q25 2025 2024 Quarters NIAC (annualized) (GAAP) g $1,044 $1,044 $1,018 $1,007 $933 $956 $738 $1,028 Adjusted NIAC (annualized) (Non-GAAP) h $1,049 $1,044 $1,028 $1,042 $919 $968 $843 $1,041 Average Common Equity (GAAP) i $8,468 $8,514 $8,491 $8,579 $8,376 $8,459 $8,391 $8,513 Intangible Assets (GAAP) (b) $1,603 $1,611 $1,619 $1,628 $1,638 $1,633 $1,674 $1,615 Average Tangible Common Equity (Non-GAAP) j $6,865 $6,903 $6,872 $6,950 $6,738 $6,826 $6,717 $6,897 Equity Adjustment (Non-GAAP) $— $— $— $— $— $4 $20 $8 Adjusted Average Tangible Common Equity (Non-GAAP) k $6,865 $6,903 $6,872 $6,950 $6,738 $6,830 $6,737 $6,890 ROCE (GAAP) g/i 12.33% 12.26% 11.99% 11.74% 11.14% 11.30% 8.80% 12.08% ROTCE (Non-GAAP) g/j 15.21% 15.12% 14.82% 14.49% 13.85% 14.01% 10.99% 14.91% Adjusted ROTCE (Non-GAAP) h/k 15.29% 15.12% 14.96% 15.00% 13.65% 14.18% 12.51% 15.11% 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 27 (a) Adjusted for notable items as detailed on page 25. (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 2Q26 1Q26 4Q25 3Q25 2Q25 Adjusted Noninterest Income as a % of Total Revenue Noninterest income (GAAP) l $211 $195 $212 $215 $189 Plus notable items (pretax) (GAAP) (a) $— $— $— $— $— Adjusted noninterest income (Non-GAAP) m $211 $195 $212 $215 $189 Revenue (GAAP) n $887 $862 $888 $889 $830 Taxable-equivalent adjustment $3 $3 $3 $3 $4 Revenue- Taxable-equivalent (Non-GAAP) $890 $865 $892 $893 $833 Plus notable items (pretax) (GAAP) (a) $— $— $— $— $— Adjusted revenue (Non-GAAP) o $890 $865 $892 $893 $833 Securities gains/(losses) (GAAP) p $— $(1) $— $— $— Noninterest income as a % of total revenue (GAAP) (l-p)/(n-p) 23.73% 22.63% 23.89% 24.16% 22.73% Adjusted noninterest income as a % of total revenue (Non-GAAP) (m-p)/(o-p) 23.65% 22.55% 23.80% 24.07% 22.63% Adjusted Efficiency Ratio Noninterest expense (GAAP) q $531 $505 $545 $551 $491 Plus notable items (pretax) (GAAP) (a) $(5) $— $(3) $(8) $4 Adjusted noninterest expense (Non-GAAP) r $526 $505 $541 $542 $495 Revenue (GAAP) s $887 $862 $888 $889 $830 Taxable-equivalent adjustment $3 $3 $3 $3 $4 Revenue- Taxable-equivalent (Non-GAAP) $890 $865 $892 $893 $833 Plus notable items (pretax) (GAAP) (a) — — — — — Adjusted revenue (Non-GAAP) t $890 $865 $892 $893 $833 Securities gains/(losses) (GAAP) u $— $(1) $— $— $— Efficiency ratio (GAAP) q/(s-u) 59.88% 58.54% 61.33% 61.92% 59.20% Adjusted efficiency ratio (Non-GAAP) r/(t-u) 59.11% 58.34% 60.73% 60.76% 59.47% 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 25. Numbers may not total due to rounding. 28

©2026 First Horizon Bank. Member FDIC. $ in millions Period end Average 2Q26 1Q26 2Q26 vs. 1Q26 2Q26 1Q26 2Q26 vs. 1Q26 Loans excluding LMC Total Loans (GAAP) $65,330 $64,377 $953 1% $64,695 $63,192 $1,503 2% LMC (GAAP) 4,759 4,641 118 3% 4,284 3,884 399 10% Total Loans excl. LMC (non-GAAP) 60,571 59,736 835 1% 60,411 59,308 1,104 2% Total Consumer (GAAP) 14,439 14,490 (50) —% 14,439 14,567 (128) (1)% Total Commercial excl. LMC (non-GAAP) 46,131 45,246 886 2% 45,972 44,741 1,232 3% Total CRE (GAAP) 13,595 13,420 175 1% 13,510 13,417 93 1% Total C&I excl. LMC (non-GAAP) $32,536 $31,826 $710 2% $32,462 $31,324 $1,138 4% $ in millions Quarterly, Unaudited 2Q26 1Q26 4Q25 3Q25 2Q25 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 $709 $730 $738 $777 $814 Reserve for unfunded commitments (GAAP) 99 96 101 93 87 Allowance for credit losses (Non-GAAP) B $808 $826 $839 $870 $901 Loans and leases (GAAP) C $65,330 $64,377 $64,156 $63,058 $63,260 Nonaccrual loans and leases (GAAP) D $531 $606 $604 $605 $593 Allowance for loan and lease losses to loans and leases (GAAP) A/C 1.09% 1.13% 1.15% 1.23% 1.29% Allowance for credit losses to loans and leases (Non-GAAP) B/C 1.24% 1.28% 1.31% 1.38% 1.42% Allowance for loan and lease losses to nonperforming loans and leases (GAAP) A/D 133% 120% 122% 128% 137% Allowance for credit losses to nonperforming loans and leases (Non-GAAP) B/D 152% 136% 139% 144% 152% 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 29 Numbers may not total due to rounding.

©2026 First Horizon Bank. Member FDIC. $ in millions Quarterly, Unaudited 2Q26 1Q26 4Q25 3Q25 2Q25 Adjusted noninterest income excluding deferred compensation income Noninterest income (GAAP) $211 $195 $212 $215 $189 Plus notable items (pretax) (GAAP) (a) — — — — — Adjusted noninterest income (non-GAAP) $211 $195 $212 $215 $189 Less adjusted deferred compensation income (GAAP) 15 (3) 3 8 8 Adjusted noninterest income excluding deferred compensation income (non-GAAP) $196 $197 $209 $207 $181 Adjusted revenue excluding deferred compensation income Revenue (GAAP) $887 $862 $888 $889 $830 Taxable-equivalent adjustment $3 $3 $3 $3 $4 Revenue- Taxable-equivalent (non-GAAP) $890 $865 $892 $893 $833 Plus notable items (pretax) (GAAP) (a) $— $— $— $— $— Adjusted revenue (non-GAAP) $890 $865 $892 $893 $833 Less adjusted deferred compensation income (GAAP) 15 (3) 3 8 8 Adjusted revenue excluding adjusted deferred compensation income (non-GAAP) $875 $868 $889 $884 $826 Adjusted noninterest expense excluding deferred compensation expense Noninterest expense (GAAP) $531 $505 $545 $551 $491 Plus notable items (pretax) (GAAP) (a) $(5) $— $(3) $(8) $4 Adjusted noninterest expense (non-GAAP) $526 $505 $541 $542 $495 Less adjusted deferred compensation expense (GAAP) 13 (2) 3 8 7 Adjusted noninterest expense excluding deferred compensation expense (non-GAAP) $513 $507 $538 $534 $489 Adjusted personnel expense excluding deferred compensation expense Personnel expense (GAAP) $304 $289 $303 $296 $282 Plus notable items (pretax) (GAAP) (a) $— $— $— $— $4 Adjusted personnel expense (non-GAAP) $304 $289 $303 $296 $286 Less adjusted deferred compensation expense (GAAP) 13 (2) 3 8 7 Adjusted personnel expense excluding deferred compensation expense (non-GAAP) $291 $290 $300 $288 $279 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 25. Numbers may not total due to rounding. 30

©2026 First Horizon Bank. Member FDIC. $ in millions Quarterly, Unaudited 2Q26 1Q26 4Q25 3Q25 2Q25 Adjusted Pre-provision Net Revenue (PPNR) Pre-tax income (GAAP) $ 341 $ 342 $ 343 $ 344 $ 309 Plus notable items (pretax) (GAAP) (a) 5 — 3 8 (4) Adjusted Pre-tax income (non-GAAP) $ 346 $ 342 $ 347 $ 352 $ 304 Plus provision for credit losses expense (GAAP) 15 15 — (5) 30 Adjusted Pre-provision net revenue (PPNR) (non-GAAP) $ 361 $ 357 $ 347 $ 347 $ 334 Taxable-equivalent adjustment 3 3 3 3 4 Adjusted Pre-provision net revenue-Taxable-equivalent (non-GAAP) $ 364 $ 360 $ 350 $ 351 $ 338 $ 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 $1,377 Provision for Credit Losses Expense (GAAP) 45 503 (310) 95 260 150 65 60 Total PPNR (non-GAAP) $631 $1,436 $974 $1,254 $1,388 $1,155 $1,346 $1,437 Taxable-equivalent adjustment (9) (11) (12) (13) (16) (15) (14) (12) Notable Items (GAAP) (a) (114) 363 (235) (107) 33 (129) (13) (10) 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 $1,344 Counter-cyclical Adjusted PPNR (non-GAAP) $158 $406 $347 $108 $26 $81 $118 $116 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 25. 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. 31

©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. Reconciliation to GAAP financials (a) Adjusted for notable items as detailed on page 25 32 $ in millions, except per share data Quarterly, Unaudited 2Q26 1Q26 1H26 2Q25 1Q25 1H25 Adjusted Diluted EPS Net income available to common ("NIAC") (GAAP) $260 $257 $518 $233 $213 $446 Plus Tax effected notable items (Non-GAAP) (a) $1 $— $1 $(3) $4 $1 Adjusted NIAC (Non-GAAP) $262 $257 $519 $229 $217 $447 Diluted Shares (GAAP) 480 487 483 514 523 519 Diluted EPS (GAAP) $0.54 $0.53 $1.07 $0.45 $0.41 $0.86 Adjusted diluted EPS (Non-GAAP) $0.54 $0.53 $1.07 $0.45 $0.42 $0.86 Adjusted noninterest income excluding deferred compensation income Noninterest income (GAAP) $211 $195 $405 $189 $181 $370 Plus notable items (pretax) (GAAP) (a) $— $— $— $— $— $— Adjusted noninterest income (non-GAAP) $211 $195 $405 $189 $181 $370 Less adjusted deferred compensation income (GAAP) $15 $(3) $13 $8 $(3) $5 Adjusted noninterest income excluding deferred compensation income (non-GAAP) $196 $197 $393 $181 $184 $365 Adjusted Pre-provision Net Revenue (PPNR) Pre-tax income (GAAP) $341 $342 $683 $309 $285 $593 Plus notable items (pretax) (GAAP) (a) $5 $— $5 $(4) $6 $1 Adjusted Pre-tax income (non-GAAP) $346 $342 $688 $304 $290 $595 Plus provision expense (GAAP) $15 $15 $30 $30 $40 $70 Adjusted Pre-provision net revenue (PPNR) (non-GAAP) $361 $357 $718 $334 $330 $665 Taxable-equivalent adjustment $3 $3 $6 $4 $3 $7 Adjusted Pre-provision net revenue-Taxable-equivalent (Non-GAAP) $364 $360 $724 $338 $334 $672

©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. Reconciliation to GAAP financials (a) Adjusted for notable items as detailed on page 25. (b) Includes goodwill and other intangible assets, net of amortization. Numbers may not total due to rounding. 33 $ in millions, except per share data Quarterly, Unaudited 2Q26 1Q26 1H26 2Q25 1Q25 1H25 Return on Average Common Equity ("ROCE")/ Return on Average Tangible Common Equity ("ROTCE")/ Adjusted ROTCE NIAC (GAAP) $260 $257 $518 $233 $213 $446 Plus Tax effected notable items (Non-GAAP) (a) $1 $— $1 $(3) $4 $1 Adjusted NIAC (Non-GAAP) $262 $257 $519 $229 $217 $447 NIAC (annualized) (GAAP) $1,044 $1,044 $1,044 $933 $864 $898 Adjusted NIAC (annualized) (Non-GAAP) $1,049 $1,044 $1,047 $919 $882 $901 Average Common Equity (GAAP) $8,468 $8,514 $8,491 $8,376 $8,389 $8,383 Intangible Assets (GAAP) (b) $1,603 $1,611 $1,607 $1,638 $1,648 $1,643 Average Tangible Common Equity (Non-GAAP) $6,865 $6,903 $6,884 $6,738 $6,742 $6,740 Equity Adjustment (Non-GAAP) $— $— $— $— $— $— Adjusted Average Tangible Common Equity (Non-GAAP) $6,865 $6,903 $6,884 $6,738 $6,742 $6,740 ROCE (GAAP) 12.33% 12.26% 12.30% 11.14% 10.30% 10.72% ROTCE (Non-GAAP) 15.21% 15.12% 15.17% 13.85% 12.81% 13.33% Adjusted ROTCE (Non-GAAP) 15.29% 15.12% 15.21% 13.65% 13.08% 13.36%

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First Horizon (NYSE: FHN) Q2 2026 earnings rise to $260M net income

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