First Horizon FHN Specialty Banking — Income Tax

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Questions, answered.

What is First Horizon's specialty banking — income tax?

First Horizon (FHN) reported specialty banking — income tax of $19M in Q1 2023.

How has First Horizon's specialty banking — income tax changed year-over-year?

First Horizon's specialty banking — income tax decreased by 34.5% year-over-year, from $29M to $19M.

What does specialty banking — income tax mean?

The total tax cost attributed to the specialty banking segment's earnings.

How do you interpret specialty banking — income tax?

Changes generally track pre-tax income fluctuations, though significant deviations may indicate changes in effective tax rates or tax credit utilization.

How does specialty banking — income tax compare across companies?

Standard accounting line item for all corporate segments, usually proportional to pre-tax income.