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First Horizon FHN Wholesale — Income tax expense (benefit)

Other segment segments

Commercial, Consumer & Wealth
$94M+9.3%
Corporate
-$26M+16.1%

Similar metrics at other companies

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SUNWholesale — Income Tax Expense Benefit
-$1M-200%
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HBANRetail And Business Banking — Income Tax Expense Benefit
$34.59M+9.8%
Huntington Bancshares logo
HBANHome Lending — Income Tax Expense Benefit
$2.71M
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TFCWB — Expense allocation
$521M+0.8%
Wintrust Financial logo
WTFCOperating Segments — Income Tax Expense Benefit
$33.08M+5.9%
Webster Financial Corporation logo
WBSConsumer Banking — Income Tax
$26.84M-22.7%

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 wholesale — income tax expense (benefit)?
First Horizon (FHN) reported wholesale — income tax expense (benefit) of $8M in Q1 2026.
How has First Horizon's wholesale — income tax expense (benefit) changed year-over-year?
First Horizon's wholesale — income tax expense (benefit) decreased by 0.0% year-over-year, from $8M to $8M.
What is the long-term trend for First Horizon's wholesale — income tax expense (benefit)?
Over 3 years (2022 to 2025), First Horizon's wholesale — income tax expense (benefit) has grown at a -0.9% compound annual growth rate (CAGR), from $38M to $37M.
What does wholesale — income tax expense (benefit) mean?
The amount of income tax expense attributed specifically to the wholesale banking segment.
How do you interpret wholesale — income tax expense (benefit)?
Changes generally track with pre-tax income levels, though significant deviations may indicate changes in effective tax rates or tax credits.
How does wholesale — income tax expense (benefit) compare across companies?
Standard tax accounting metric; comparable across all financial institutions based on segment-level tax allocation policies.