For the quarter ending 2026-03-31, FHN-PC had $48M increase in cash & cash equivalents over the period. $270M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income | 266 | 266 | 732 |
| Provision for credit losses | 15 | 0 | 65 |
| Deferred income tax expense | 25 | -7 | 56 |
| Depreciation and amortization of premises and equipment | 14 | 14 | 42 |
| Amortization of intangible assets | 8 | 9 | 29 |
| Net other amortization (accretion) | 0 | 6 | 24 |
| Net decrease in trading securities | -363 | -548 | 18 |
| Net increase in derivatives | 12 | -9 | 4 |
| Stock-based compensation expense | 13 | 13 | 48 |
| Securities (gains) losses, net | -1 | 0 | 1 |
| Purchases and originations | 1,047 | 929 | 2,148 |
| Gross proceeds from settlements and sales | 592 | 663 | 1,524 |
| Gain (loss) due to fair value adjustments and other | -26 | 21 | -2 |
| Other operating activities, net | 14 | -163 | -71 |
| Total adjustments | 12 | 130 | -500 |
| Net cash provided by operating activities | 278 | 396 | 232 |
| Proceeds from sales of securities available for sale | - | 0 | - |
| Proceeds from maturities of securities available for sale | 261 | 246 | 711 |
| Purchases of securities available for sale | 262 | 250 | 624 |
| Proceeds from prepayments of securities held to maturity | 13 | 14 | 43 |
| Proceeds from sales of premises and equipment | - | 0 | 3 |
| Purchases of premises and equipment | 8 | 7 | 26 |
| Proceeds from boli | - | 24 | - |
| Net (increase) decrease in loans and leases | 240 | 1,113 | 534 |
| Net decrease in interest-bearing deposits with banks | 9 | 103 | 310 |
| Other investing activities, net | -3 | 12 | -18 |
| Net cash (used in) provided by investing activities | -224 | -995 | -99 |
| Stock options exercised | 3 | 1 | 5 |
| Cash dividends paid | 73 | 76 | 238 |
| Repurchase of shares | 235 | 335 | 583 |
| Series d and series b preferred stock redemption-Series DPreferred Stock | - | - | 0 |
| Series d and series b preferred stock redemption-Series BPreferred Stock | - | - | 80 |
| Preferred stock redemption | - | 80 | - |
| Series h preferred stock issuance | 392 | - | - |
| Cash dividends paid - preferred stock - noncontrolling interest | 4 | 4 | 12 |
| Cash dividends paid - preferred stock | 5 | 5 | 21 |
| Net decrease in deposits | -995 | 1,951 | -57 |
| Net increase in short-term borrowings | 914 | -1,017 | 871 |
| Proceeds from issuance of term borrowings | 0 | 9 | 504 |
| Repayment of term borrowing | - | - | 350 |
| Repayment of term borrowings | - | 366 | - |
| Increases (decreases) in secured term borrowings | - | - | 23 |
| Decreases in secured term borrowings | 3 | 23 | - |
| Net cash used in financing activities | -6 | 508 | 16 |
| Net increase in cash and cash equivalents | 48 | -91 | 149 |
| Cash and cash equivalents at beginning of period | 1,595 | 1,686 | 1,537 |
| Cash and cash equivalents at end of period | 1,643 | 1,595 | 1,686 |
FIRST HORIZON CORP (FHN-PC)
FIRST HORIZON CORP (FHN-PC)