Company Overview

First Horizon Corporation operates as the bank holding company for First Horizon Bank, providing a wide range of financial services. Founded in 1864 and headquartered in Memphis, Tennessee, First Horizon Corporation had $82.2 billion in assets and over 7,200 associates as of December 31, 2024. The company operates 416 banking center locations across the thriving southeastern United States.

First Horizon has established a reputation as a historic and comprehensive regional financial services organization, recognized for its sustained commitment to financial integrity and customer service excellence. Evolving over its long legacy, it has become a multifaceted banking institution offering a broad array of services across commercial banking, consumer lending, deposit taking, and wealth management.

Financial Performance and Market Position

First Horizon Corporation is a significant player in the regional banking sector, serving the dynamic southeastern United States market. As of December 31, 2024, the company reported $82.2 billion in assets.

In terms of financial performance for 2024, First Horizon's revenue was $3.04 billion, representing a 1.95% increase compared to the previous year's $2.98 billion. Earnings for the same period were $738.00 million, a decrease of -14.68%. These figures highlight the company's operational scale and its position within the regional banking landscape.

First Horizon maintains a strong regional presence, particularly in Tennessee and surrounding states within the southeastern United States. It operates as the parent company of First Tennessee Bank, a prominent regional bank with approximately 200 branches across Tennessee, offering comprehensive coverage in key growth markets.

Key Financial Metrics

- Assets (as of Dec 31, 2024): $82.2 Billion

- Banking Center Locations: 416

- 2024 Revenue: $3.04 Billion (+1.95% YoY)

- 2024 Earnings: $738.00 Million (-14.68% YoY)

- ISS Governance QualityScore (Sep 1, 2025): 1 (Audit: 2, Board: 3, Shareholder Rights: 1, Compensation: 1)

Business Segments and Operations

First Horizon Corporation structures its operations around three primary segments: Regional Banking, Specialty Banking, and Corporate.

Commercial and Consumer Banking

This core segment offers a comprehensive suite of financial products and services tailored for both commercial and consumer clients in the southern USA and other selected markets. It includes:

- Commercial banking

- Business banking

- Consumer banking

- Private client services

- Wealth management (including deposit, commercial, consumer, and wealth investment services)

- Financial planning

- Trust and asset management services

The majority of First Horizon's revenue is generated from its Commercial, Consumer & Wealth offerings.

Specialty Banking Services

The Specialty Banking segment focuses on wholesale banking solutions and specialized financial services, including:

- Fixed income/capital markets

- Professional commercial real estate finance

- Mortgage warehouse lending

- Asset-based lending

- Franchise finance

- Equipment finance

- Energy finance

- Healthcare finance

- Trucking and transportation finance

- Treasury management solutions

- Loan syndications

- International banking

Additional Services

In addition to its core segments, First Horizon provides:

- Corporate and correspondent banking services

- Transaction processing services (check clearing, remittance processing)

- Credit card products

- Investment and sale of mutual funds and retail insurances

- Trust, fiduciary, and agency services

Geographic Presence and Market Position

First Horizon maintains a strong regional footprint across the southeastern United States, with a particularly significant presence in Tennessee. The company's extensive network of banking centers provides comprehensive coverage in vital growth markets throughout the Southeast. This deep regional penetration is a cornerstone of its market strategy and competitive advantage.

Company Leadership and Governance

First Horizon Corporation is guided by an experienced management team dedicated to delivering value to its stakeholders. Recent strategic initiatives include board additions aimed at enhancing oversight and shaping future strategic direction. The company's ISS Governance QualityScore as of September 1, 2025, is 1, reflecting strong governance practices across key pillars such as Audit (2), Board (3), Shareholder Rights (1), and Compensation (1).

Community Commitment and Corporate Culture

First Horizon places a strong emphasis on its associates, clients, and the communities it serves. The company fosters an open, supportive workplace and is committed to providing opportunities and access to capital and counsel for all. It actively supports economic development and growth across its markets, reinforcing its role as a community partner. This deep-rooted community engagement serves as a significant competitive advantage, enabling tailored financial solutions based on localized knowledge of market trends, customer preferences, and regional economic conditions.

Strategic Focus and Competitive Advantages

First Horizon differentiates itself through its profound local market knowledge, extensive historical experience, and a steadfast commitment to transparent financial practices. The company's segmented business model is designed to minimize operational risks and diversify revenue streams, thereby reinforcing client trust and institutional stability.

The organization remains committed to expanding access to capital and counsel, enabling individuals to reach their full potential while simultaneously delivering shareholder value. This balanced approach underscores First Horizon's dual focus on community service and financial returns.

First Horizon Corporation trades on the New York Stock Exchange under the ticker symbol FHN. Its long history, comprehensive service offerings, and strong regional presence position it as a significant and established institution within the regional banking sector.