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First Horizon FHN Corporate — Cost allocations

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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 fhn:CostAllocations.

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
Legal and professional fees311418
Advertising and public relations1717
Deposit insurance expense1212
Equipment expense3811
Amortization of intangible assets88
Other expense1693560
Cost allocations1727(179)
Total noninterest expense$376$79$77$532

Item 1. [Financial Statements](#i5fa0e3cbccce46a9bbf1ea1c199d896c_28)

FAQ

What is First Horizon's corporate — cost allocations?
First Horizon (FHN) reported corporate — cost allocations of -$179M in Q2 2026.
How has First Horizon's corporate — cost allocations changed year-over-year?
First Horizon's corporate — cost allocations decreased by 11.9% year-over-year, from -$160M to -$179M.
What is the long-term trend for First Horizon's corporate — cost allocations?
Over 3 years (2022 to 2025), First Horizon's corporate — cost allocations has grown at a 7.6% compound annual growth rate (CAGR), from -$531M to -$661M.
What does corporate — cost allocations mean?
The redistribution of shared corporate overhead costs to various business units or the absorption of costs from those units. This metric reflects the internal accounting mechanism used to determine the true profitability of specific business segments.

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