第一地平线银行 2025年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period endedMarch31, 2025or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from __________ to__________ Commission File Number:001-15185____________________________________ (Exact name of registrant as specified in its charter)______________________________________ TN(State or other jurisdiction ofincorporation or organization)165 Madison AvenueMemphis,Tennessee(Address of principal executive offices) (Registrant’s telephone number, including area code) (901)523-4444 (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒No APPLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. OutstandingonApril30, 2025507,233,437 Common Stock, $0.625 par value Table of Contents GlossaryForward-Looking StatementsNon-GAAP Informaon Part I. Financial InformaonItem 1. Financial StatementsItem 2. Management’s Discussion and Analysis of Financial Condion and Results of OperaonsItem 3. Quantave and Qualitave DisclosuresAbout Market RiskItem 4. Controls and Procedures Part II. Other InformaonItem 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securies and Use of ProceedsItem 3. Defaults Upon Senior SecuriesItem 4. Mine Safety DisclosuresItem 5. Other InformaonItem 6. Exhibits Signatures Glossary The following is a list of common acronyms and terms used throughout this report: TRUPTrust preferred loanUPBUnpaid principal balanceUSDAUnited States Department of AgricultureVaRValue-at-RiskVIEVariable Interest Eneswe / us / ourFirst Horizon Corporaon Forward-Looking Statements This report, including materials incorporated into it, containsforward-looking statements within the meaning of the PrivateSecuries Ligaon Reform Act of 1995, Secon 27A of theSecuries Act of 1933, as amended, and Secon 21E of theSecuries Exchange Act of 1934, as amended, with respect toFHN's beliefs, plans, goals, expectaons, and esmates.Forward-looking statements are not a representaon ofhistorical informaon, but instead pertain to futureoperaons, strategies,financial results or otherdevelopments. Forward-looking statements oen use wordssuch as “believe,” “expect,” “ancipate,” “intend,” “esmate,”“should,” “is likely,” “will,” “going forward,” and other similarexpressions that indicate future events and trends. •the occurrence of natural or man-made disasters,pandemics, conflicts, or terrorist aacks, or otheradverse external events; •effecveness and cost-efficiency of FHN’s hedgingpracces;•fraud, the, or other incursions through convenonal,electronic, or other means directly or indirectly affecngFHN or its clients, business counterpares, orcompetors;•the ability to adapt products and services to changingindustry standards and client preferences;•risks inherent in originang, selling, servicing, andholding loans and loan-based assets, includingprepayment risks, pricing concessions,fluctuaon inU.S. housing and other real estate prices,fluctuaon ofcollateral values, and changes in client profiles;•changes in the regulaon of the U.S.financial servicesindustry;•changes in laws, regulaons, and administrave acons,including execuve orders, whether or not specific tothefinancial services industry;•potenal claims alleging mortgage servicing failures,individually, on a class basis, or as master servicer ofse