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First Horizon FHN Wholesale — Equipment expense

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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:EquipmentExpense.

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 — equipment expense?
First Horizon (FHN) reported wholesale — equipment expense of $0 in Q2 2026.
What is the long-term trend for First Horizon's wholesale — equipment expense?
Over 2 years (2022 to 2024), First Horizon's wholesale — equipment expense has grown at a 0.0% compound annual growth rate (CAGR), from $1M to $1M.
What does wholesale — equipment expense mean?
Operating expenses related to the maintenance, leasing, and depreciation of equipment used specifically by the Wholesale banking segment. This includes hardware, office machinery, and technology infrastructure necessary for daily operations.

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