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First Horizon FHN Wholesale — Personnel expense

Other segment segments

Commercial, Consumer & Wealth
$142M+6.8%
Corporate
$110M+13.4%

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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:LaborAndRelatedExpense.

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
Noninterest expense:
Personnel expense$142$52$110$304
Computer software922940
Net occupancy expense1921536
Operations services461626
Legal and professional fees311418
Advertising and public relations1717
Deposit insurance expense1212

Item 1. [Financial Statements](#i5fa0e3cbccce46a9bbf1ea1c199d896c_28)

FAQ

What is First Horizon's wholesale — personnel expense?
First Horizon (FHN) reported wholesale — personnel expense of $52M in Q2 2026.
How has First Horizon's wholesale — personnel expense changed year-over-year?
First Horizon's wholesale — personnel expense decreased by 0.0% year-over-year, from $52M to $52M.
What is the long-term trend for First Horizon's wholesale — personnel expense?
Over 3 years (2022 to 2025), First Horizon's wholesale — personnel expense has grown at a -3.7% compound annual growth rate (CAGR), from $240M to $214M.
What does wholesale — personnel expense mean?
Total costs associated with employee compensation, including salaries, benefits, incentives, and payroll taxes for the wholesale segment. This is typically the largest operating expense for a banking division.

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