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First Horizon FHN Wholesale — Provision for Credit Losses

Other segment segments

Corporate
-$9M-182%
Commercial, Consumer & Wealth
$1M-92.3%

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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:FinancingReceivableExcludingAccruedInterestAndOffBalanceSheetLiabilityCreditLossExpenseReversal.

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
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
Average assets$59,991$10,544$13,562$84,097

Item 1. [Financial Statements](#i5fa0e3cbccce46a9bbf1ea1c199d896c_28)

FAQ

What is First Horizon's wholesale — provision for credit losses?
First Horizon (FHN) reported wholesale — provision for credit losses of $23M in Q2 2026.
How has First Horizon's wholesale — provision for credit losses changed year-over-year?
First Horizon's wholesale — provision for credit losses increased by 283.3% year-over-year, from $6M to $23M.
What is the long-term trend for First Horizon's wholesale — provision for credit losses?
Over 3 years (2022 to 2025), First Horizon's wholesale — provision for credit losses has grown at a 0.0% compound annual growth rate (CAGR), from $11M to $11M.
What does wholesale — provision for credit losses mean?
This represents the expense set aside by the wholesale banking segment to cover potential future losses from loan defaults or credit deterioration. It reflects management's assessment of the credit risk inherent in the wholesale loan portfolio based on current economic conditions and borrower health.

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