First Horizon | 8-K: FY2025 Revenue: USD 3.42 B

Revenue: As of FY2025, the actual value is USD 3.42 B.EPS: As of FY2025, the actual value is USD 1.87, beating the estimate of USD 1.8155.EBIT: As of FY2025, the actual value is USD -1.29 B.The Form 8-K filing by First Horizon Corporation on January 15, 2026, primarily announced the availability of the company’s Fourth Quarter 2025 Earnings Release and an Investor Slide Presentation; the Form 8-K itself does not contain specific financial or operational metrics or an outlook summary.Full Year 2025 vs. Full Year 2024#### Net Income Available to Common Shareholders (NIAC) Net Income Available to Common Shareholders (NIAC) increased 29% to $956 million in 2025, from $738 million in 2024.#### Adjusted NIACAdjusted NIAC increased 15% to $968 million in 2025, from $843 million in 2024.#### Net Interest Income (FTE) Net Interest Income (FTE) increased $110 million, or 4%, to $2.6 billion in 2025.#### Net Interest MarginNet Interest Margin improved to 3.47% in 2025, up 12 basis points from 3.35% in 2024.#### Noninterest IncomeNoninterest Income increased $118 million to $797 million in 2025.#### Adjusted Noninterest IncomeAdjusted Noninterest Income increased $26 million to $797 million in 2025.#### Noninterest ExpenseNoninterest Expense increased $39 million to $2.1 billion in 2025, including $13 million of notable items in 2025 and $37 million in 2024.#### Adjusted Noninterest ExpenseAdjusted Noninterest Expense increased $63 million to $2.1 billion in 2025.#### Average Loan and Lease BalancesAverage Loan and Lease Balances increased $0.6 billion to $62.6 billion in 2025.#### Period-end Loans and LeasesPeriod-end Loans and Leases reached $64.2 billion in 2025, an increase of $1.6 billion.#### Average DepositsAverage Deposits remained flat at $65.4 billion compared to 2024.#### Period-end DepositsPeriod-end Deposits increased 3% to $67.5 billion compared to year-end 2024.#### Deposit CostsDeposit Costs decreased 42 basis points year-over-year in 2025.#### Provision for Credit Losses ExpenseProvision for Credit Losses Expense decreased from $150 million in 2024 to $65 million in 2025.#### Net Charge-offsNet Charge-offs remained consistent at $120 million or 0.19% in 2025, compared to $112 million or 0.18% in 2024.#### ACL to Loans RatioACL to Loans Ratio decreased to 1.31% in 2025 from 1.43% in 2024.#### CET1 RatioCET1 Ratio was 10.64% at year-end 2025, down from 11.20% at the end of 2024.#### Total Capital RatioTotal Capital Ratio was 13.4% at year-end 2025, down from 14.2% at the end of 2024.#### Capital Returned to Shareholders$894 million was returned to shareholders in 2025 through share repurchases at an average price of $21.16 per share.#### Effective Tax RateEffective Tax Rate was 22.1% in 2025, compared with 21.0% in 2024; on an adjusted basis, it was 22.1% in 2025 and 21.4% in 2024.#### Pre-provision Net RevenuePre-provision Net Revenue increased $190 million, or 16%, to $1,346 million in 2025 from $1,155 million in 2024.#### Net IncomeNet Income increased $204 million, or 26%, to $998 million in 2025 from $794 million in 2024.#### Return on Average AssetsReturn on Average Assets increased to 1.22% in 2025 from 0.97% in 2024.#### Adjusted Return on Average AssetsAdjusted Return on Average Assets increased to 1.23% in 2025 from 1.09% in 2024.#### Return on Average Common Equity (ROCE) Return on Average Common Equity (ROCE) increased to 11.3% in 2025 from 8.8% in 2024.#### Return on Average Tangible Common Equity (ROTCE) Return on Average Tangible Common Equity (ROTCE) increased to 14.0% in 2025 from 11.0% in 2024, while Adjusted ROTCE increased to 14.2% in 2025 from 12.5% in 2024.#### Efficiency RatioEfficiency Ratio decreased to 60.66% in 2025 from 62.06% in 2024; Adjusted efficiency ratio decreased to 60.04% in 2025 from 60.64% in 2024.#### Average AssetsAverage Assets increased $0.2 billion to $82.0 billion in 2025 from $81.8 billion in 2024.#### Nonperforming Loan and Leases RatioNonperforming Loan and Leases Ratio decreased to 0.94% in 2025 from 0.96% in 2024.#### Risk-weighted Assets (RWA) Risk-weighted Assets (RWA) increased $1.8 billion, or 3%, to $72.9 billion in 2025 from $71.1 billion in 2024.#### Period-end Shares OutstandingPeriod-end Shares Outstanding decreased by 39 million, or -8%, to 485 million in 2025 from 524 million in 2024.#### Book Value per Common ShareBook Value per Common Share increased $1.53, or 10%, to $17.53 in 2025 from $16.00 in 2024.#### Tangible Book Value per Common ShareTangible Book Value per Common Share increased $1.35, or 11%, to $14.20 in 2025 from $12.85 in 2024.#### Full-time Equivalent AssociatesFull-time Equivalent Associates increased by 48, or 1%, to 7,290 in 2025 from 7,242 in 2024.Fourth Quarter 2025 vs. Third Quarter 2025#### Net Income Available to Common ShareholdersNet Income Available to Common Shareholders was $257 million, an increase of $3 million or 1% from $254 million in third quarter 2025.#### Adjusted Net Income Available to Common ShareholdersAdjusted Net Income Available to Common Shareholders was $259 million, a decrease of $4 million or -1% from $263 million in third quarter 2025.#### Net Interest Income (FTE) Net Interest Income (FTE) increased $2 million to $679 million.#### Net Interest MarginNet Interest Margin decreased 4 basis points to 3.51%.#### Noninterest IncomeNoninterest Income decreased $3 million to $212 million.#### Noninterest ExpenseNoninterest Expense decreased $6 million to $545 million.#### Adjusted Noninterest ExpenseAdjusted Noninterest Expense decreased $1 million to $541 million.#### Average Loan and Lease BalancesAverage Loan and Lease Balances increased $645 million to $63.4 billion.#### Period-end Loan BalancesPeriod-end Loan Balances increased $1.1 billion to $64.2 billion.#### Loan YieldsLoan Yields decreased 23 basis points to 5.83%.#### Average DepositsAverage Deposits increased $0.6 billion to $66.5 billion.#### Period-end DepositsPeriod-end Deposits increased $2.0 billion to $67.5 billion.#### Interest-bearing Deposit CostInterest-bearing Deposit Cost decreased 25 basis points to 2.53%, with a spot rate of approximately 2.34% at quarter-end.#### Provision for Credit Losses ExpenseProvision for Credit Losses Expense was $0 in the quarter, compared to a -$5 million credit in the prior quarter.#### Net Charge-offsNet Charge-offs were $30 million or 0.19%, up from $26 million or 0.17% in the prior quarter.#### Nonperforming LoansNonperforming Loans decreased $1 million to $604 million.#### ACL to Loans RatioACL to Loans Ratio decreased from 1.38% to 1.31%.#### CET1 RatioCET1 Ratio declined 32 basis points to 10.64% from third quarter 2025.#### Effective Tax RateEffective Tax Rate was 22.6% for fourth quarter 2025, while adjusted effective tax rate was 22.7%; both were 22.7% for third quarter 2025.#### Pre-provision Net RevenuePre-provision Net Revenue increased $5 million, or 1%, to $343 million in 4Q25 from $339 million in 3Q25.#### Net IncomeNet Income was $266 million in both 4Q25 and 3Q25.#### Return on Average AssetsReturn on Average Assets decreased 2 basis points to 1.27% in 4Q25 from 1.29% in 3Q25; Adjusted return on average assets decreased 4 basis points to 1.28% in 4Q25 from 1.32% in 3Q25.#### Return on Average Common Equity (ROCE) Return on Average Common Equity (ROCE) increased 25 basis points to 12.0% in 4Q25 from 11.7% in 3Q25.#### Return on Average Tangible Common Equity (ROTCE) Return on Average Tangible Common Equity (ROTCE) increased 33 basis points to 14.8% in 4Q25 from 14.5% in 3Q25; Adjusted ROTCE decreased 4 basis points to 15.0% in 4Q25 from 15.0% in 3Q25.#### Efficiency RatioEfficiency Ratio decreased 59 basis points to 61.33% in 4Q25 from 61.92% in 3Q25; Adjusted efficiency ratio decreased 3 basis points to 60.73% in 4Q25 from 60.76% in 3Q25.#### Average AssetsAverage Assets increased $1.0 billion, or 1%, to $83.1 billion in 4Q25 from $82.0 billion in 3Q25.#### Loans-to-Deposit Ratio (period-end balances) Loans-to-Deposit Ratio (period-end balances) decreased 115 basis points to 95.08% in 4Q25 from 96.23% in 3Q25.#### Full-time Equivalent AssociatesFull-time Equivalent Associates increased by 32 to 7,373 in 4Q25 from 7,341 in 3Q25.Outlook / GuidanceFirst Horizon Corporation is focused on deepening client relationships, maximizing revenue opportunities, and enhancing products and capabilities as it enters 2026. The company’s disciplined risk management, resilient balance sheet, and operations in robust markets and businesses are expected to deliver sustainable growth. This growth is anticipated to build on the positive momentum generated in 2025.