First Horizon Corporation is a bank holding company that operates through a wholly-owned subsidiary to deliver comprehensive financial services across three primary segments: commercial, consumer, and wealth banking serving enterprises and high-net-worth clients; wholesale banking focused on institutional clients through securities sales, trading, and advisory services; and supporting investment advisory, broker-dealer, and insurance subsidiaries. The company generates revenue primarily from net interest income on its large loan portfolio (concentrated in commercial lending) and deposits, along with noninterest income from investment advisory, trust, insurance, and treasury management services, operating across more than 450 locations in 23 U.S. states with significant geographic concentration in southern markets.