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First Horizon FHN Wholesale — Cost allocations

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WEYSWholesale — Cost of Goods Sold
$32.87M0.0%

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 wholesale — cost allocations?
First Horizon (FHN) reported wholesale — cost allocations of $7M in Q2 2026.
How has First Horizon's wholesale — cost allocations changed year-over-year?
First Horizon's wholesale — cost allocations increased by 40.0% year-over-year, from $5M to $7M.
What is the long-term trend for First Horizon's wholesale — cost allocations?
Over 3 years (2022 to 2025), First Horizon's wholesale — cost allocations has grown at a 13.2% compound annual growth rate (CAGR), from $20M to $29M.
What does wholesale — cost allocations mean?
The portion of corporate overhead and shared service costs (such as HR, IT, and legal) that is charged to the Wholesale banking segment. This ensures the segment reflects its true contribution to the firm's total operating burden.

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