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First Horizon FHN Corporate — Income tax expense (benefit)

Other segment segments

Commercial, Consumer & Wealth
$94M+9.3%
Wholesale
$8M0.0%

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AIZCorporate and Other — Provision (benefit) for income taxes
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Other financials

Income statement

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Revenue$862.0M+6.2%
Net income$262.0M+20.2%
EPS (diluted)$0.53+29.3%

Balance sheet

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Cash & equivalents$1.9B
Total debt$5.5B0.0%
Total equity$9.2B+4.8%
Total assets$84.1B+3.2%

Cash flow

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Operating cash flow$278.0M-20.3%
CapEx$8.0M-11.1%
Free cash flow$270.0M-20.6%

Valuation

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Market cap$11.78B+8.9%
P/E11.5×-2.0×
P/S3.4×0.0×

Profitability

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Net margin29.6%+4.4pp
FCF margin30.4%

Returns & leverage

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Return on equity11.5%+2.4pp
Debt / equity0.6×0.0×

Where this comes from

Reported directly by First Horizon in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: First Horizon’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Horizon's corporate — income tax expense (benefit)?
First Horizon (FHN) reported corporate — income tax expense (benefit) of -$26M in Q1 2026.
How has First Horizon's corporate — income tax expense (benefit) changed year-over-year?
First Horizon's corporate — income tax expense (benefit) increased by 16.1% year-over-year, from -$31M to -$26M.
What is the long-term trend for First Horizon's corporate — income tax expense (benefit)?
Over 4 years (2021 to 2025), First Horizon's corporate — income tax expense (benefit) has grown at a -11.2% compound annual growth rate (CAGR), from -$201M to -$125M.
What does corporate — income tax expense (benefit) mean?
The amount of income tax expense or benefit attributed to the corporate segment.
How do you interpret corporate — income tax expense (benefit)?
A decrease in expense or an increase in benefit improves net income, while higher tax expense reduces it.
How does corporate — income tax expense (benefit) compare across companies?
Standard across all financial institutions; typically aligns with statutory tax rates adjusted for segment-specific items.