The following table presents a summary of FHN's non-cumulative perpetual preferred stock.


PREFERRED STOCK
(Dollars in millions)									June 30, 2026		December 31, 2025
	Issuance Date	Earliest Redemption Date (a)	Annual Dividend Rate		Dividend Payments	Shares Outstanding	Liquidation Amount		Carrying Amount		Carrying Amount


Series C	7/2/2020	5/1/2026	6.600%	(b)	Quarterly	—	$	—	$	—	$	59

Series E	5/28/2020	10/10/2025	6.500%		Quarterly	1,500	150		145		145
Series F	5/3/2021	7/10/2026	4.700%		Quarterly	1,500	150		145		145
Series H	3/12/2026	4/10/2031	6.750%		Quarterly	4,000	400		392		—
						7,000	$	700	$	682	$	349

(a)Denotes earliest optional redemption date. Earlier redemption is possible, at FHN's election, if certain regulatory capital events occur.

(b)On May 1, 2026, FHN redeemed all outstanding shares of its Series C Preferred Stock. The fixed dividend rate was set to convert to three-month CME Term SOFR plus 5.18161% (0.26161% plus 4.920%) on May 1, 2026.

FHN redeemed all outstanding shares of its Series C Preferred Stock effective May 1, 2026. The difference between the outstanding liquidation preference amount and the carrying value of the Series C Preferred Stock resulted in $2 million in deemed dividends that were included in net income available to common shareholders and EPS for the three and six months ended June 30, 2026. The Series C redemption date was also a dividend payment date, and the regular Series C quarterly dividend declared in first quarter 2026 was paid separately in the customary manner on May 1, 2026 to shareholders of record at the close of business on April 16, 2026.

Subsidiary Preferred Stock

First Horizon Bank has issued 300,000 shares of Class A Non-Cumulative Perpetual Preferred Stock ("Class A Preferred Stock") with a liquidation preference of $1,000 per share. Dividends on the Class A Preferred Stock, if declared, accrue and are payable each quarter, in arrears, at a floating rate equal to the greater of three-month CME Term SOFR plus 1.11161% (0.26161% plus 0.85%) or 3.75% per annum. These securities qualify fully as Tier 1 capital for both First Horizon Bank and FHN. On June 30, 2026 and December 31, 2025, $295 million of Class A Preferred Stock was recognized as noncontrolling interest on the Consolidated Balance Sheets.

FT Real Estate Securities Company, Inc. ("FTRESC"), an indirect subsidiary of FHN, has issued 50 shares of 9.50% Cumulative Preferred Stock, Class B ("Class B Preferred Shares"), with a liquidation preference of $1 million per share; of those shares, 47 were issued to nonaffiliates. FTRESC is a real estate investment trust established for the purpose of acquiring, holding, and managing real estate mortgage assets. Dividends on the Class B Preferred Shares are cumulative and are payable semi-annually. At June 30, 2026 and December 31, 2025, the Class B Preferred Shares qualified as Tier 2 capital. For all periods

presented, these securities are presented in the Consolidated Balance Sheets as term borrowings.

The Class B Preferred Shares are mandatorily redeemable on March 31, 2031, and redeemable at the discretion of FTRESC in the event that the Class B Preferred Shares cannot be accounted for as Tier 2 capital or there is more than an insubstantial risk that dividends paid with respect to the Class B Preferred Shares will not be fully deductible for tax purposes.