First Horizon Corp (FHN) 8-K Summary
Business Context and Reporting Period
This Form 8-K is a current report filed by First Horizon Corporation on April 15, 2026. The filing serves to disseminate the company's First Quarter 2026 Earnings Release (Exhibit 99.1) and Investor Slide Presentation (Exhibit 99.2) for the period ended March 31, 2026.
Key Financial Metrics
The filing text itself does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are detailed in the attached exhibits (99.1 and 99.2) which are furnished but not filed as part of this document. The filing notes that capital ratios for the most recent quarter are estimates and that numbers in the exhibits may not total due to rounding.
Material Changes and Corporate Actions
- Preferred Stock Redemption: On April 1, 2026, First Horizon called all shares of its Non-Cumulative Perpetual Preferred Stock, Series C, for redemption effective May 1, 2026.
- Delisting: The redemption will result in the suspension from trading and delisting of the related Series C Depositary Shares (Symbol: FHN PR C).
Guidance, Outlook, and Risks
The exhibits contain forward-looking statements regarding future operations, strategies, and financial results. Management utilizes non-GAAP measures and regulatory measures (such as Common Equity Tier 1 capital and Risk-Weighted Assets) to assess financial condition. The filing explicitly states that forward-looking non-GAAP measures cannot be reconciled to GAAP measures without unreasonable effort due to unavailable variables. The company disclaims any obligation to update forward-looking statements, noting that actual results could differ materially due to economic, operational, and competitive uncertainties.
Investor Verification Checklist
- Review Exhibit 99.1 for specific Q1 2026 revenue, net income, and earnings per share figures.
- Verify the impact of the Series C Preferred Stock redemption on the company's capital structure and liquidity.
- Examine the reconciliation tables in Exhibit 99.1 to understand the differences between reported GAAP and non-GAAP measures.
- Check the Investor Slide Presentation (Exhibit 99.2) for updated guidance and management commentary on the outlook.