First Horizon

What First Horizon does

First Horizon Corporation (NYSE: FHN) is a publicly traded regional bank holding company headquartered in Memphis, Tennessee, with approximately $84.1 billion in total assets as of March 31, 2026, operating 400+ branches across 12 southeastern U.S. states and employing 7,000+ people. The company traces its roots to First National Bank of Memphis (1864) and operates through First Horizon Bank as its primary banking subsidiary, alongside capital markets (FHN Financial), insurance (First Horizon Insurance Services), investment advisory (FHN Financial Main Street Advisors, FHN Financial Securities Corp.), wealth management (First Horizon Advisors), and capital markets divisions (FHN Capital Markets). First Horizon completed a $3.9 billion merger with IberiaBank in 2022 and operates through four primary business segments: Personal Banking (FirstView, SmartView, TotalView checking accounts; mortgages; Visa cards; digital/mobile banking), Small Business Banking (BizEssentials checking, SBA loans, equipment leasing, accounts receivable funding via United Capital Funding, Visa Business Debit), Commercial & Specialty (commercial real estate, C&I lending, treasury management, asset-based lending, mortgage warehouse lending, ClearPath Fast Payments), and Wealth Management (financial planning, investment services, private banking, trust and estate planning, corporate retirement plan services).

The bank's technology stack centers on its BusinessConnect and TreasuryConnect online banking platforms, which integrate with QuickBooks and Quicken via OFX Web Connect, support ACH cash concentration, lockbox, merchant credit card services, remote deposit capture, wire transfer, positive pay, controlled disbursement, and ClearPath Fast Payments for real-time settlement. First Horizon is a design partner in the Cari Network tokenized deposit platform (alongside Huntington, M&T, KeyCorp, and Old National Bancorp, managing $600B+ combined deposits), built on Matter Labs' Prividium privacy-preserving blockchain using ZKsync technology, enabling 24/7 instant payments using FDIC-insured deposit tokens. The bank's GTM motion is relationship-led and sales-driven, leveraging local bankers and relationship managers across the branch network to serve consumer, SMB, middle-market commercial, and high-net-worth wealth clients.

First Horizon's revenue model blends net interest income (interest on commercial real estate, C&I, and consumer loans net of deposit costs, the majority of revenue) with non-interest income from deposit account fees, treasury management services, and wealth management fees, with wealth management operating on a recurring fee basis. Net interest income grew 6% year-over-year and the loan portfolio grew 3% year-over-year in Q1 2026, producing ROTCE above 15% for the third consecutive quarter. Recent strategic actions include joining the Cari Network consortium (March 2026), appointing a new CISO and Wealth Management CIO (February 2026), and announcing a $1.2 billion share repurchase program (October 2025), partially offset by the May 2024 termination of a proposed $13.4 billion merger with TD Bank after which related investor litigation was dismissed.

Name

First Horizon

Legal name

First Horizon Corporation

Website

https://firsthorizon.com

Company type

Public

Founded year

1864

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

First Horizon Corporation is a regional bank holding company headquartered in Memphis, Tennessee, operating 400+ branches across 12 southeastern U.S. states. It provides personal, small business, commercial, and wealth management banking services with approximately $84.1 billion in total assets as of Q1 2026.

Ownership category

akta.pro rank

Product category

Regional Banking

NAICS

Commercial Banking (522110), Portfolio Management and Investment Advice (523940), Credit Card Issuing (52221)

SIC

State Commercial Banks (6022), Finance Services (6199), Investment Advice (6282), Personal Credit Institutions (6141)

akta.pro primary industry

Open Banking, Account Aggregation & Payment Initiation APIs (BPAMAFAJ)

akta.pro secondary industries

Affluent/Premier Retail Banking (Mass Affluent) (FSABAAAG), Open Finance Expansion (investments, pensions, insurance, utilities data) (FSAGACAK)

Keywords

• Retail banking services
• Commercial banking
• Small business lending
• Treasury management
• Wealth management services

Headquarters

HQ city

Memphis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Net Interest Income: Interest income from loan portfolio including commercial real estate, C&I loans, and consumer loans, offset by interest paid on deposits. Core revenue driver representing majority of bank revenue.
2. Non-Interest Income: Fee income from deposit accounts, treasury management services, wealth management fees, and banking center services.
3. Wealth Management: Investment services, trust services, insurance, and financial planning for high-net-worth individuals and families.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

First Horizon is a regional bank holding company that delivers personal and small-business banking, commercial lending and treasury management, and wealth management through an integrated retail, digital, and capital-markets platform. It earns primarily through net interest income on loans (commercial real estate, C&I, consumer, mortgage) supplemented by deposit, treasury, wealth, and investment services fees.

Product overview

First Horizon is a regional bank offering a comprehensive, multi-channel banking platform organized into four primary business segments: Personal Banking (consumer checking, savings, mortgages, credit cards, and digital banking), Small Business Banking (BizEssentials checking, SBA loans, equipment leasing, and AR funding), Commercial & Specialty (corporate banking, treasury management via BusinessConnect/TreasuryConnect, commercial real estate, industry-specific lending, and merchant services), and Wealth Management (financial planning, investment services, insurance, private banking, and trust services). The bank operates primarily in the southern United States across 12 states with digital banking as a core delivery channel alongside a branch network. Key digital platforms include BusinessConnect for basic treasury services and TreasuryConnect for advanced cash management, both integrating with QuickBooks and Quicken for accounting automation.

Differentiator

Problem solved

Functional benefit

Brands

• BizEssentials: Small business checking and banking product line offering multiple account levels
• FirstView Checking
• SmartView Checking
• TotalView Checking
• BusinessConnect
• TreasuryConnect
• First Horizon Connect
• First Horizon Coliseum

Products and services

• FirstView Checking Personal checking account for consumers with online and mobile access for everyday banking needs.
• SmartView Checking Mid-tier personal checking account with enhanced digital banking features and tools for consumers.
• TotalView Checking Premium personal checking account offering comprehensive digital banking capabilities and consolidated visibility across accounts.
• TotalView Money Market Savings and Traditional Savings Personal savings accounts (money market and traditional) with competitive interest rates and digital banking access for consumer savers.
• Regular CD Certificate of deposit with fixed terms and competitive interest rates for retail depositors.
• Home Loans Residential mortgage products including purchase, refinance, construction, and home equity lines of credit for consumers.
• Personal Loans Unsecured personal loans, CD/savings secured loans, and personal lines of credit for individual borrowers.
• Auto Loans Vehicle purchase financing with competitive rates for consumers.
• Visa Credit Card Line (Signature, Platinum, Classic, Secured) Consumer credit card products ranging from premium (Visa Signature with rewards and travel benefits) to secured (credit-building) cards.
• Digital Banking and Mobile App Online and mobile banking platform providing account access, bill pay, Zelle person-to-person transfers, mobile deposit, budgeting tools, and account alerts for personal banking customers.
• BizEssentials Checking Small business checking account with tiered levels (standard, Interest, Plus) and essential banking features for small business owners.
• Visa Business Debit Card Business debit card with cash flow management features for small business banking customers.
• Business Money Market Savings and Business Savings and CDs Money market savings, BizEssentials savings, Regular CD, Jumbo CD, and CDARS for business depositors.
• SBA Loans Small Business Administration loans including 7(a) and 504 programs for small business financing.
• Business Term Loans and Lines of Credit Term loans and lines of credit for small businesses to finance growth and operations.
• Business Real Estate Loans Real estate loans for small business owners to finance property acquisition and improvement.
• Business Equipment Leasing Equipment leasing services for business assets with flexible terms from $5,000 minimum.
• Accounts Receivable Funding Factoring service enabling businesses to sell receivables for immediate cash flow, with no minimums and flexible invoice selection.
• BusinessConnect Online banking platform for small business clients providing basic treasury management solutions with single sign-on and integrated reporting.
• TreasuryConnect Advanced online banking platform for power users managing business cash flow, including payment origination, fraud mitigation, customizable reporting, and full treasury management.
• ACH Cash Concentration, Lockbox, Remote Deposit Capture, Wire Transfer Services Treasury management services including automated fund transfers/cash pooling, payment processing for high-volume checks, electronic check deposit, and domestic/international wire transfer capabilities.
• ClearPath Fast Payments Real-time payment service accessible through TreasuryConnect for immediate fund transfers for business customers.
• Positive Pay (Check and ACH) and Controlled Disbursement Fraud protection service matching issued checks and ACH transactions against presented items, plus morning notification of checks presented for payment.
• Merchant Credit Card Services Payment processing accepting multiple card types for business customers.
• Commercial Real Estate Loans Financing for commercial property acquisition, development, and refinancing serving corporate and institutional borrowers.
• Asset Based Lending Secured lending using inventory, receivables, or equipment as collateral for commercial borrowers.
• Mortgage Warehouse Lending Financing for mortgage lenders to fund residential mortgage originations.
• Wealth Management Financial Planning and Investment Services Goal-based financial planning, retirement strategies, and brokerage/investment advisory services for wealth management clients.
• Insurance Insurance products and services distributed through affiliated providers for consumer and wealth clients.
• Private Banking Personalized banking and wealth services for high-net-worth individuals.
• Trust and Estate Planning Trust services including estate administration, fiduciary services, and trust investments for wealth and family clients.
• Corporate Retirement Plan Services 401(k) and retirement plan services for businesses and their employees.

Quantifiable outcome

• Third consecutive quarter with 15% return on tangible common equity
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Huntington BancsharescoreStrategic or Co-development Partner · 1 May 2026Co-participants in Cari Network tokenized deposit platform along with M&T Bank, KeyCorp, and Old National Bancorp. Together managing over $600 billion in total deposits.
• M&T BankcoreStrategic or Co-development Partner · 1 May 2026Co-participants in Cari Network tokenized deposit platform along with Huntington, KeyCorp, and Old National Bancorp.
• KeyCorpcoreStrategic or Co-development Partner · 1 May 2026Co-participants in Cari Network tokenized deposit platform along with Huntington, M&T Bank, and Old National Bancorp.
• Old National BancorpcoreStrategic or Co-development Partner · 1 May 2026Co-participants in Cari Network tokenized deposit platform along with Huntington, M&T Bank, and KeyCorp.
• Matter Labs (Prividium)coreTechnology or Integration · 1 March 2026Matter Labs' Prividium provides the blockchain infrastructure for the Cari Network's multi-bank tokenized deposit platform. Prividium is a permissioned, privacy-preserving product built on ZKsync technology.
• Cari NetworkcoreTechnology or Integration · 1 February 2026First Horizon is a design partner in the Cari Network tokenized deposit platform, collaborating with other regional banks to develop blockchain-based digital settlement infrastructure using ZKsync's Prividium technology. The platform enables 24/7 instant payments using FDIC-insured deposit tokens.
• Mid-Size Bank Coalition of AmericaminorStrategic or Co-development Partner · 1 February 2026MSBCA has endorsed the Cari Network tokenized deposit model as critical for small business lending and industry modernization.
• United Capital FundingminorStrategic or Co-development PartnerStrategic alliance for accounts receivable funding services. United Capital Funding provides factoring services to First Horizon small business customers, with no minimums and flexible invoice selection.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• KeyCorp: Mid-sized regional bank with comparable commercial and consumer banking offerings across a similar geographic footprint. Co-participant in the Cari Network consortium with First Horizon, indicating parallel strategies in digital payments modernization.
• Regions Financial: Major Southeast regional bank with overlapping presence in many of First Horizon's 12 states, offering similar commercial, small business, and consumer banking services with comparable deposit and lending product mixes.
• M&T Bank: Regional bank with similar asset size and Northeast/Mid-Atlantic/Southeast footprint, offering commercial, retail, and wealth management services. Cari Network consortium partner alongside First Horizon, sharing the same tokenized deposit platform initiative.
• Old National Bancorp: Mid-sized regional bank formed through multiple acquisitions, offering commercial and consumer banking services. Co-participant in the Cari Network consortium alongside First Horizon, indicating similar size profile and digital banking priorities.
• Cadence Bank: Mid-sized regional bank serving the Southeast and Texas with comparable commercial banking, treasury management, and consumer offerings, overlapping with First Horizon in several southern states.
• Simmons First National Corp: Regional bank holding company with overlapping Southeast and Mid-South presence, offering similar commercial, consumer, and treasury management products to comparable small and middle-market clients.
• Huntington Bancshares: Mid-sized regional bank holding company operating across the Midwest and Southeast with comparable commercial, retail, and wealth management offerings. Co-participant with First Horizon in the Cari Network tokenized deposit consortium, indicating similar digital banking ambitions.
• Fifth Third Bancorp: Midwestern and southeastern regional bank of similar size with comparable commercial banking, treasury management, and consumer lending offerings. Operates in adjacent geographies to First Horizon with overlapping product strategy.

Regional players

• Pinnacle Financial Partners: Tennessee-headquartered regional bank focused on the Southeast with similar relationship-banking model and commercial lending emphasis, though smaller in asset size than First Horizon and serving overlapping Tennessee markets.

Broad incumbents

• Truist Financial: One of the largest U.S. regional bank holding companies with extensive Southeast presence, offering commercial, consumer, and wealth services that directly overlap with First Horizon's footprint and product set, but at significantly greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/first-horizon-bank
• Xx.com/FirstHorizonBnk
• Facebookfacebook.com/FirstHorizonBank

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Horizon