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First Horizon FHN Commercial, Consumer & Wealth — Net occupancy expense

Other segment segments

Corporate
$15M+25.0%
Wholesale
$2M0.0%

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Other financials

Income statement

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Revenue$887.0M+6.9%
Net income$270.0M+12.0%
EPS (diluted)$0.54+20.0%

Balance sheet

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Total debt$4.3B-10.0%
Total equity$9.2B+2.3%
Total assets$84.4B+2.9%

Cash flow

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Operating cash flow$585.0M+605%
CapEx$19.0M+111%
Free cash flow$566.0M+665%

Valuation

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Market cap$12.42B+14.0%
P/E11.8×-1.2×
P/S3.5×+0.1×

Profitability

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Net margin29.9%+3.6pp
FCF margin30.4%

Returns & leverage

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Return on equity11.6%+2.1pp
Debt / equity0.5×-0.1×

Where this comes from

Reported directly by First Horizon in its filing.

Tagged under the XBRL concept us-gaap:OccupancyNet.

The source filing: First Horizon’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:17 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000036966-26-000155
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest expense:
Personnel expense$142$52$110$304
Computer software922940
Net occupancy expense1921536
Operations services461626
Legal and professional fees311418
Advertising and public relations1717
Deposit insurance expense1212

Item 1. [Financial Statements](#i5fa0e3cbccce46a9bbf1ea1c199d896c_28)

FAQ

What is First Horizon's commercial, consumer & wealth — net occupancy expense?
First Horizon (FHN) reported commercial, consumer & wealth — net occupancy expense of $19M in Q2 2026.
How has First Horizon's commercial, consumer & wealth — net occupancy expense changed year-over-year?
First Horizon's commercial, consumer & wealth — net occupancy expense decreased by 5.0% year-over-year, from $20M to $19M.
What is the long-term trend for First Horizon's commercial, consumer & wealth — net occupancy expense?
Over 3 years (2022 to 2025), First Horizon's commercial, consumer & wealth — net occupancy expense has grown at a 3.1% compound annual growth rate (CAGR), from $72M to $79M.
What does commercial, consumer & wealth — net occupancy expense mean?
This metric represents the net costs of maintaining physical branch locations and office space, including rent, utilities, property taxes, and maintenance. It is a key measure of the physical footprint's cost efficiency.

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