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First Horizon FHN Wholesale — Net Income

Other segment segments

Commercial, Consumer & Wealth
$304M+2.7%
Corporate
-$48M+35.1%

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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:ProfitLoss.

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
Provision (benefit) for credit losses123(9)15
Income (loss) before income taxes40023(83)340
Income tax expense (benefit)965(35)66
Net income (loss)$304$18$(48)$274
Average assets$59,991$10,544$13,562$84,097
Depreciation and amortization101920
Expenditures for long-lived assets71219
Three Months Ended June 30, 2025

Item 1. [Financial Statements](#i5fa0e3cbccce46a9bbf1ea1c199d896c_28)

FAQ

What is First Horizon's wholesale — net income?
First Horizon (FHN) reported wholesale — net income of $18M in Q2 2026.
How has First Horizon's wholesale — net income changed year-over-year?
First Horizon's wholesale — net income decreased by 21.7% year-over-year, from $23M to $18M.
What is the long-term trend for First Horizon's wholesale — net income?
Over 3 years (2022 to 2025), First Horizon's wholesale — net income has grown at a 0.6% compound annual growth rate (CAGR), from $119M to $121M.
What does wholesale — net income mean?
This is the bottom-line profit for the wholesale banking segment after all operating expenses, provisions for credit losses, and taxes have been deducted. It serves as the primary indicator of the segment's contribution to the overall corporate net income.

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