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First Horizon FHN Wholesale — Pre-Provision Net Revenue

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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 fhn:PreProvisionNetRevenue.

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 income1235830211
Total revenues777125(15)887
Noninterest expense (a)3767977532
Pre-provision net revenue (b)40146(92)355
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

Item 1. [Financial Statements](#i5fa0e3cbccce46a9bbf1ea1c199d896c_28)

FAQ

What is First Horizon's wholesale — pre-provision net revenue?
First Horizon (FHN) reported wholesale — pre-provision net revenue of $46M in Q2 2026.
How has First Horizon's wholesale — pre-provision net revenue changed year-over-year?
First Horizon's wholesale — pre-provision net revenue increased by 27.8% year-over-year, from $36M to $46M.
What is the long-term trend for First Horizon's wholesale — pre-provision net revenue?
Over 3 years (2022 to 2025), First Horizon's wholesale — pre-provision net revenue has grown at a 0.2% compound annual growth rate (CAGR), from $168M to $169M.
What does wholesale — pre-provision net revenue mean?
The total revenue of the wholesale segment minus noninterest expenses, calculated before accounting for the provision for credit losses. It is a critical measure of the segment's core operating profitability and its ability to absorb potential credit losses.

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