First Horizon Corporation (FHN) 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report, dated July 16, 2025, covers the Second Quarter 2025 results for First Horizon Corporation, a financial institution headquartered in Memphis, Tennessee. The filing serves to disseminate the Q2 2025 Earnings Release and an accompanying Investor Slide Presentation.
Key Financial Metrics
The provided text does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are detailed in the attached exhibits (Exhibit 99.1 and 99.2) which are referenced but not included in the source text.
Key capital measures referenced include:
- Common Equity Tier 1 (CET1) Capital
- Tier 1 Capital
- Risk-Weighted Assets (RWA)
Material Changes and Corporate Actions
A significant corporate action was announced regarding the company's preferred stock:
- Series B Preferred Stock Redemption: On July 2, 2025, First Horizon called all shares of Series B Preferred Stock for redemption, effective August 1, 2025.
- Consequences: This action will result in the redemption, suspension from trading, and delisting of the related Series B Depositary Shares (FHN PR B).
Guidance, Outlook, and Risks
The filing includes standard forward-looking statements regarding future operations, strategies, and financial results. Management notes that these statements are based on estimates and assumptions subject to significant uncertainties, including economic and competitive factors. The company explicitly states it assumes no obligation to update these forward-looking statements.
The report highlights the use of non-GAAP and regulatory measures to provide context on the company's capital position and financial condition, with reconciliations to GAAP measures provided in the exhibits.
Investor Verification Checklist
- Review Exhibit 99.1 (Earnings Release) for specific Q2 2025 revenue, net income, and earnings per share figures.
- Verify the exact redemption price and total cost associated with the Series B Preferred Stock redemption.
- Examine the reconciliation tables in the exhibits to understand the variance between GAAP and non-GAAP regulatory capital ratios.
- Confirm the delisting timeline for Series B Depositary Shares following the August 1, 2025 effective date.