FIRST HORIZON Business Summary

First Horizon Corp (FHN) is a premier Sunbelt-focused financial services holding company with approximately $84 billion in total assets, generating the majority of its revenue through net interest income from a $64 billion loan book and fee-based income from its FHN Financial capital markets, wealth management, and mortgage banking divisions. The firm operates via three core segments: Regional Banking, providing commercial and consumer services across 12 states; Specialty Banking, which targets niche markets such as mortgage warehouse lending and asset-based lending; and Corporate. Competing primarily against Regions Financial, Synovus Financial, and Huntington Bancshares, First Horizon occupies a strategic "super-regional" position, leveraging a relationship-centric model to target 3-7% revenue growth and a sustainable 15% return on tangible common equity (ROTCE) throughout 2026. The corporation is anchored by Chairman, President, and CEO Bryan Jordan, who has led the organization since 2008 following his tenure as CFO of Regions Financial. The executive suite includes CFO Hope Dmuchowski, formerly of Truist, who manages the firm’s $1.2 billion capital return program, and Chief Credit Officer Thomas Hung. Recent leadership updates include the February 2026 appointment of Leilani Farol as Chief Information Security Officer and Shaun McDougall as Head of Consumer Banking. Originally founded in 1864 by Frank S. Davis, the Memphis-based company is governed by a board that includes recent appointee Michael Moehn and maintains significant institutional backing from Vanguard, BlackRock, and State Street, supporting its independent growth trajectory following the 2023 termination of its TD Bank merger.