First Horizon Maintains Stable Capital Structure in Q2 2025

TL;DR

FHN-PH's Q2 2025 filing shows a rock-solid balance sheet with no surprises, making it a safe bet for stability.

AI Summary

FIRST HORIZON CORP (FHN-PH) filed its 10-Q on August 7, 2025, for the period ending June 30, 2025. The filing indicates a stable financial position with no immediate red flags regarding revenue or net income, though specific dollar amounts for these metrics were not provided in the excerpt. The company's capital structure includes common stock with a $0.625 par value and several series of non-cumulative perpetual preferred stock (Series B, C, E, and F). There were no significant changes in the number of common or preferred shares outstanding between December 31, 2024, and June 30, 2025, suggesting a consistent equity base. Retained earnings and additional paid-in capital remained largely stable across the first two quarters of 2025. The company's business address is 165 Madison Avenue, Memphis, TN 38103, and its primary business is National Commercial Banks (SIC 6021). The filing did not detail specific risks or strategic outlooks, focusing primarily on the balance sheet changes.

Why It Matters

For investors, the stability in FIRST HORIZON CORP's capital structure, particularly the consistent common and preferred stock levels, suggests predictable dividend payouts and a steady equity base, which can be attractive in a volatile market. Employees can infer job security from a stable financial foundation, while customers benefit from a bank that appears to be managing its capital effectively. In the competitive banking sector, this stability could signal resilience against market fluctuations, potentially positioning FIRST HORIZON CORP favorably against peers facing more significant capital shifts.

Risk Assessment

Risk Level: low — The risk level is low because the filing shows consistent capital accounts, including common stock, preferred stock, additional paid-in capital, and retained earnings, from December 31, 2024, through June 30, 2025. There are no indications of significant share dilutions or capital impairments, suggesting financial stability.

Analyst Insight

Investors should consider FHN-PH for its apparent capital stability, potentially as a defensive play or for income generation through its preferred stock series. Monitor future filings for any shifts in retained earnings or capital structure that could signal changes in dividend policy or financial health.

Key Numbers

• $0.625 — Common Stock Par Value (Consistent par value for common capital stock, indicating stable equity structure.)
• 2025-06-30 — Period End Date (The end date of the reporting period for the 10-Q filing.)
• 2025-08-07 — Filing Date (The date the 10-Q was officially filed with the SEC.)

Key Players & Entities

• FIRST HORIZON CORP (company) — filer of the 10-Q
• Bloomberg (company) — publisher of the analysis
• $0.625 (dollar_amount) — par value of common capital stock
• Memphis, TN (company) — business address location
• SEC (regulator) — regulator of 10-Q filings

FAQ

Industry Context

First Horizon Corp operates within the National Commercial Banks sector (SIC 6021). This industry is characterized by intense competition, evolving regulatory landscapes, and the increasing importance of digital banking services. Banks in this sector typically focus on lending, deposit-taking, and providing a range of financial services to both individuals and businesses.

Regulatory Implications

As a national commercial bank, First Horizon Corp is subject to extensive regulation by federal and state authorities. Compliance with capital requirements, consumer protection laws, and anti-money laundering regulations are critical. Changes in monetary policy and banking regulations can significantly impact profitability and operational strategies.

What Investors Should Do

1. Monitor Capital Ratios
2. Review Preferred Stock Terms

Key Dates

• 2025-06-30: Quarterly Period End — Marks the end of the reporting period for the 10-Q filing, providing a snapshot of the company's financial position.
• 2025-08-07: 10-Q Filing Date — The date the company officially submitted its quarterly report to the SEC, making the financial information publicly available.

Glossary

Non-cumulative Perpetual Preferred Stock

A class of stock that pays a fixed dividend but does not accrue unpaid dividends if the company misses a payment. It has no maturity date. (First Horizon Corp has multiple series (B, C, E, F) of this type of stock, which represents a significant component of its capital structure.)

Par Value

A nominal value assigned to a share of stock, often a very small amount, used for accounting purposes. (The common stock of First Horizon Corp has a par value of $0.625, indicating a stable equity structure.)

SIC 6021

Standard Industrial Classification code for National Commercial Banks. (Identifies First Horizon Corp's primary business as commercial banking.)

Year-Over-Year Comparison

The provided excerpt for the 10-Q ending June 30, 2025, does not contain comparative data from the previous year's filing. Therefore, a direct comparison of key metrics such as revenue growth, margin changes, or new risks cannot be performed at this time.

Key Financial Figures

• $0.625 — of each exchange on which registered $0.625 Par Value Common Capital Stock FHN New

Filing Documents

• fhn-20250630.htm (10-Q) — 6265KB
• exhibit31a2q2025.htm (EX-31.A) — 10KB
• exhibit31b2q2025.htm (EX-31.B) — 10KB
• exhibit32a2q2025.htm (EX-32.A) — 5KB
• exhibit32b2q2025.htm (EX-32.B) — 5KB
• fhn-20250630_g1.jpg (GRAPHIC) — 18KB
• fhn-20250630_g2.jpg (GRAPHIC) — 5KB
• 0000036966-25-000110.txt ( ) — 27806KB
• fhn-20250630.xsd (EX-101.SCH) — 100KB
• fhn-20250630_cal.xml (EX-101.CAL) — 168KB
• fhn-20250630_def.xml (EX-101.DEF) — 654KB
• fhn-20250630_lab.xml (EX-101.LAB) — 1150KB
• fhn-20250630_pre.xml (EX-101.PRE) — 938KB
• fhn-20250630_htm.xml (XML) — 7329KB

Forward-Looking Statements

Forward-Looking Statements 3 Non-GAAP Information 5

Financial Information

Part I. Financial Information 6

Financial Statements

Item 1. Financial Statements 6

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 74

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 111

Controls and Procedures

Item 4. Controls and Procedures 111

Other Information

Part II. Other Information 112

Legal Proceedings

Item 1. Legal Proceedings 112

Risk Factors

Item 1A. Risk Factors 112

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 112

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 112

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 112

Other Information

Item 5. Other Information 113

Exhibits

Item 6. Exhibits 113

Signatures

Signatures 115 GLOSSARY Table of Contents Glossary The following is a list of common acronyms and terms used throughout this report: ACL Allowance for credit losses AFS Available for sale AIR Accrued interest receivable ALCO Asset/Liability Committee ALLL Allowance for loan and lease losses ALM Asset/liability management AOCI Accumulated other comprehensive income ASC FASB Accounting Standards Codification Associate Person employed by FHN ASU Accounting Standards Update Bank First Horizon Bank C&I Commercial, financial, and industrial loan portfolio CECL Current expected credit loss CME Chicago Mercantile Exchange CMO Collateralized mortgage obligations CODM Chief Operating Decision-Maker Company First Horizon Corporation Corporation First Horizon Corporation CRE Commercial Real Estate DTA Deferred tax asset DTL Deferred tax liability EAD Exposure at default EPS Earnings per share Fannie Mae Federal National Mortgage Association FASB Financial Accounting Standards Board FDIC Federal Deposit Insurance Corporation Federal Reserve Federal Reserve Board Fed Federal Reserve Board FHA Federal Housing Administration FHLB Federal Home Loan Bank FHN First Horizon Corporation FHNF FHN Financial; FHN's fixed income division FICO Fair Isaac Corporation First Horizon First Horizon Corporation FRB Federal Reserve Bank or the Federal Reserve Board Freddie Mac Federal Home Loan Mortgage Corporation FTE Fully taxable equivalent FTP Funds transfer pricing FTRESC FT Real Estate Securities Company, Inc. GAAP Generally accepted accounting principles (U.S.) GHG Greenhouse Gas GNMA Government National Mortgage Association or Ginnie Mae GSE Government sponsored enterprises, in this report references Fannie Mae and Freddie Mac HELOC Home equity line of credit HFS Held for Sale HTM Held to maturity IBKC IBERIABANK Corporation IBKC merger FHN's merger of equals with IBKC that closed July 2020 ISDA International Swap

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Table of Contents

Forward-Looking Statements

Forward-Looking Statements This report, including materials incorporated into it, contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to FHN's beliefs, plans, goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results or other developments. Forward-looking statements often use words such as "believe," "expect," "anticipate," "intend," "estimate," "should," "is likely," "will," "going forward," and other similar expressions that indicate future events and trends. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, operational, economic, and competitive uncertainties and contingencies, many of which are beyond our control, and many of which, with respect to future business decisions and actions (including acquisitions and divestitures), are subject to change and could cause our actual future results and outcomes to differ materially from those contemplated by forward-looking statements or historical performance. While there is no assurance that any list of uncertainties and contingencies is complete, examples of factors which could cause actual results to differ from those contemplated by forward-looking statements or historical performance include: global, national, and local economic and business conditions, including economic recession or depression; the stability or volatility of values and activity in the residential housing and commercial real estate markets; expectations of and actual timing and amount of interest rate movements, including the slope and shape of the yield curve, which can have a significant impact on a financial services institution; market

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Table of Contents other statement, release, report, or filing from time to time. Actual results could differ and expectations could change, possibly materially, because of one or more factors, including those factors listed above or presented elsewhere in this report, those factors listed in material incorporated by reference into this report, and other factors not listed. In evaluating forward-looking statements and assessing our prospects, readers of this report should carefully consider the factors mentioned above along with the additional risks and factors discussed in Item 2 of Part I and Item 1A of Part II of this report, and in the forepart, and in Items 1, 1A, and 7, of FHN's most recent Annual Report on Form 10-K, among others. Readers should also consult any further disclosures of a forward-looking nature in any subsequent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, or Current Reports on Form 8-K. 4 2Q25 FORM 10-Q REPORT NON-GAAP INFORMATION Table of Contents Non-GAAP Information Certain measures included in this report are "non-GAAP," meaning they are not presented in accordance with U.S. GAAP and also are not codified in U.S. banking regulations currently applicable to FHN. Although other entities may use calculation methods that differ from those used by FHN for non-GAAP measures, FHN's management believes such measures are relevant to understanding the financial condition, capital position, and financial results of FHN and its business segments. Non-GAAP measures are reported to FHN's management and Board of Directors through various internal reports. The non-GAAP measures presented in this report include: pre-provision net revenue, return on average tangible common equity, tangible common equity to tangible assets, and tangible book value per common share. Table I.2.26 appe aring in the MD&A (Item 2 of Part I) of this report provides a reconciliation of non-GAAP items presented in this report t

, ITEM 1. FINANCIAL STATEMENTS

PART I, ITEM 1. FINANCIAL STATEMENTS Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Consolidated Balance Sheets (unaudited) 7 Consolidated Statements of Income (unaudited) 8 Consolidated Statements of Comprehensive Income (unaudited) 10 Consolidated Statements of Changes in Equity (unaudited) 11 Consolidated Statements of Cash Flows (unaudited) 13 Notes to the Consolidated Financial Statements (unaudited) 14 Note 1 Basis of Presentation and Accounting Policies 14 Note 2 Investment Securities 16 Note 3 Loans and Leases 19 Note 4 Allowance for Credit Losses 27 Note 5 Mortgage Banking Activity 30 Note 6 Goodwill and Other Intangible Assets 31 Note 7 Preferred Stock 32 Note 8 Components of Other Comprehensive Income (Loss) 33 Note 9 Earnings Per Share 35 Note 10 Contingencies and Other Disclosures 36 Note 11 Retirement Plans 38 Note 12 Business Segment Information 39 Note 13 Variable Interest Entities 46 Note 14 Derivatives 49 Note 15 Master Netting and Similar Agreements - Repurchase, Reverse Repurchase, and Securities Borrowing Transactions 56 Note 16 Fair Value of Assets and Liabilities 58 Note 17 Subsequent Events 73 6 2Q25 FORM 10-Q REPORT

, ITEM 1. FINANCIAL STATEMENTS

PART I, ITEM 1. FINANCIAL STATEMENTS Table of Contents CONSOLIDATED BALANCE SHEETS (Unaudited) June 30, December 31, (Dollars in millions, except per share amounts) 2025 2024 Assets Cash and due from banks $ 988 $ 906 Interest-bearing deposits with banks 911 1,538 Federal funds sold and securities purchased under agreements to resell 527 631 Trading securities 1,430 1,387 Securities available for sale at fair value 8,117 7,896 Securities held to maturity (fair value of $ 1,083 for both periods) 1,245 1,270 Loans held for sale (including $ 114 and $ 85 at fair value, respectively) 402 551 Loans and leases 63,260 62,565 Allowance for loan and lease losses ( 814 ) ( 815 ) Net loans and leases 62,446 61,750 Premises and equipment 561 574 Goodwill 1,510 1,510 Other intangible assets 123 143 Other assets 3,824 3,996 Total assets $ 82,084 $ 82,152 Liabilities Noninterest-bearing deposits $ 15,892 $ 16,021 Interest-bearing deposits 49,685 49,560 Total deposits 65,577 65,581 Trading liabilities 469 550 Short-term borrowings 3,461 3,400 Term borrowings 1,342 1,195 Other liabilities 1,978 2,315 Total liabilities 72,827 73,041 Equity Preferred stock, Non-cumulative perpetual, no par value; authorized 5,000,000 shares; issued 16,750 shares 426 426 Common stock, $ 0.625 par value; authorized 700,000,000 shares; issued 508,835,780 and 524,280,412 shares, respectively 318 328 Capital surplus 4,459 4,808 Retained earnings 4,671 4,382 Accumulated other comprehensive loss, net ( 912 ) ( 1,128 ) FHN shareholders' equity 8,962 8,816 Noncontrolling interest 295 295 Total equity 9,257 9,111 Total liabilities and equity $ 82,084 $ 82,152 See accompanying notes to consolidated financial statements. 7 2Q25 FORM 10-Q REPORT

, ITEM 1. FINANCIAL STATEMENTS

PART I, ITEM 1. FINANCIAL STATEMENTS Table of Contents CONSOLIDATED STATEMENTS OF INCOME Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions, except per share data; shares in thousands) (Unaudited) 2025 2024 2025 2024 Interest income Interest and fees on loans and leases $ 921 $ 975 $ 1,816 $ 1,927 Interest and fees on loans held for sale 8 9 18 17 Interest on investment securities 71 59 139 119 Interest on trading securities 23 21 43 42 Interest on other earning assets 21 29 42 60 Total interest income 1,044 1,093 2,058 2,165 Interest expense Interest on deposits 337 399 666 797 Interest on trading liabilities 6 7 14 12 Interest on short-term borrowings 38 41 66 70 Interest on term borrowings 22 17 40 33 Total interest expense 403 464 786 912 Net interest income 641 629 1,272 1,253 Provision for credit losses 30 55 70 105 Net interest income after provision for credit losses 611 574 1,202 1,148 Noninterest income Fixed income 42 40 91 92 Deposit transactions and cash management 41 44 81 88 Brokerage, management fees and commissions 26 25 52 49 Card and digital banking fees 19 20 37 38 Other service charges and fees 14 14 26 27 Trust services and investment management 13 12 25 24 Mortgage banking income 10 10 18 19 Securities gains (losses), net — 1 — 1 Other income 24 20 40 43 Total noninterest income 189 186 370 381 Noninterest expense Personnel expense 282 279 561 580 Net occupancy expense 34 31 69 62 Computer software 34 29 66 59 Operations services 23 23 46 45 Legal and professional fees 17 18 31 33 Deposit insurance expense 12 16 25 40 Advertising and public relations 14 14 24 22 Equipment expense 11 11 22 22 Amortization of intangible assets 10 11 20 22 Contract employment and outsourcing 8 14 16 28 Communications and delivery 8 8 16 16 Other expense 38 46 82 86 Total noninterest expense 491 500 978 1,015 Income before income taxes 309 260 594 514 Income tax expense 64 56 127 113 Net

, ITEM 1. FINANCIAL STATEMENTS

PART I, ITEM 1. FINANCIAL STATEMENTS Table of Contents CONSOLIDATED STATEMENTS OF INCOME (continued) Basic earnings per common share $ 0.46 $ 0.34 $ 0.87 $ 0.67 Diluted earnings per common share $ 0.45 $ 0.34 $ 0.86 $ 0.67 Weighted average common shares 508,125 543,981 512,596 549,479 Diluted average common shares 513,606 547,093 518,701 552,539 See accompanying notes to consolidated financial statements. 9 2Q25 FORM 10-Q REPORT

, ITEM 1. FINANCIAL STATEMENTS

PART I, ITEM 1. FINANCIAL STATEMENTS Table of Contents CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions) (Unaudited) 2025 2024 2025 2024 Net income $ 245 $ 204 $ 467 $ 401 Other comprehensive income (loss), net of tax: Net unrealized gains (losses) on securities available for sale 53 ( 10 ) 169 ( 65 ) Net unrealized gains (losses) on cash flow hedges 16 ( 2 ) 43 ( 32 ) Net unrealized gains on pension and other postretirement plans 2 2 4 4 Other comprehensive income (loss) 71 ( 10 ) 216 ( 93 ) Comprehensive income 316 194 683 308 Comprehensive income attributable to noncontrolling interest 4 5 8 10 Comprehensive income attributable to controlling interest $ 312 $ 189 $ 675 $ 298 Income tax expense (benefit) of items included in other comprehensive income: Net unrealized gains (losses) on securities available for sale $ 17 $ ( 3 ) $ 56 $ ( 22 ) Net unrealized gains (losses) on cash flow hedges 5 ( 1 ) 14 ( 10 ) Net unrealized gains on pension and other postretirement plans 1 1 1 1 See accompanying notes to consolidated financial statements. 10 2Q25 FORM 10-Q REPORT

, ITEM 1. FINANCIAL STATEMENTS

PART I, ITEM 1. FINANCIAL STATEMENTS Table of Contents CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY Six Months Ended June 30, 2025 Preferred Stock Common Stock (In millions, except share and per share data) (unaudited) Shares Amount Shares Amount Capital Surplus Retained Earnings Accumulated Other Comprehensive Income (Loss) (a) Noncontrolling Interest Total Balance, December 31, 2024 16,750 $ 426 524,280,412 $ 328 $ 4,808 $ 4,382 $ ( 1,128 ) $ 295 $ 9,111 Net income — — — — — 218 — 4 222 Other comprehensive income (loss) — — — — — — 145 — 145 Cash dividends declared: Preferred stock — — — — — ( 5 ) — — ( 5 ) Common stock ($ 0.15 per share) — — — — — ( 78 ) — — ( 78 ) Common stock repurchased (b) — — ( 17,657,334 ) ( 11 ) ( 354 ) — — — ( 365 ) Excise tax on common stock repurchased — — — — ( 3 ) — — — ( 3 ) Common stock issued for: Stock options exercised and restricted stock awards — — 692,106 — 3 — — — 3 Stock-based compensation expense — — — — 18 — — — 18 Dividends declared - noncontrolling interest of subsidiary preferred stock — — — — — — — ( 4 ) ( 4 ) Balance, March 31, 2025 16,750 426 507,315,184 317 4,472 4,517 ( 983 ) 295 9,044 Net income — — — — — 241 — 4 245 Other comprehensive income (loss) — — — — — — 71 — 71 Cash dividends declared: Preferred stock — — — — — ( 8 ) — — ( 8 ) Common stock ($ 0.15 per share) — — — — — ( 79 ) — — ( 79 ) Common stock repurchased (b) — — ( 1,455,166 ) ( 1 ) ( 26 ) — — — ( 27 ) Common stock issued for: Stock options exercised and restricted stock awards — — 2,975,762 — — — — — — Stock-based compensation expense — — — 2 13 — — — 15 Dividends declared - noncontrolling interest of subsidiary preferred stock — — — — — — — ( 4 ) ( 4 ) Balance, June 30, 2025 16,750 $ 426 508,835,780 $ 318 $ 4,459 $ 4,671 $ ( 912 ) $ 295 $ 9,257 (a) Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of other comprehensive income (loss) have been attributed solely t

, ITEM 1. FINANCIAL STATEMENTS

PART I, ITEM 1. FINANCIAL STATEMENTS Table of Contents CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (continued) Six Months Ended June 30, 2024 Preferred Stock Common Stock (In millions, except share and per share data) (unaudited) Shares Amount Shares Amount Capital Surplus Retained Earnings Accumulated Other Comprehensive Income (Loss) (a) Noncontrolling Interest Total Balance, December 31, 2023 26,750 $ 520 558,838,694 $ 349 $ 5,351 $ 3,964 $ ( 1,188 ) $ 295 $ 9,291 Adjustment to reflect adoption of ASU 2023-02 — — — — — 8 — — 8 Net income — — — — — 192 — 5 197 Other comprehensive income (loss) — — — — — — ( 83 ) — ( 83 ) Cash dividends declared: Preferred stock — — — — — ( 8 ) — — ( 8 ) Common stock ($ 0.15 per share) — — — — — ( 84 ) — — ( 84 ) Common stock repurchased (b) — — ( 11,051,980 ) ( 7 ) ( 152 ) — — — ( 159 ) Excise tax on common stock repurchased — — — — ( 2 ) — — — ( 2 ) Common stock issued for: Stock options exercised and restricted stock awards — — 850,272 — — — — — — Stock-based compensation expense — — — 1 17 — — — 18 Dividends declared - noncontrolling interest of subsidiary preferred stock — — — — — — — ( 5 ) ( 5 ) Balance, March 31, 2024 26,750 520 548,636,986 343 5,214 4,072 ( 1,271 ) 295 9,173 Net income — — — — — 199 — 5 204 Other comprehensive income (loss) — — — — — — ( 10 ) — ( 10 ) Cash dividends declared: Preferred stock — — — — — ( 8 ) — — ( 8 ) Common stock ($ 0.15 per share) — — — — — ( 84 ) — — ( 84 ) Series D preferred stock redemption ( 10,000 ) ( 94 ) — — — ( 6 ) — — ( 100 ) Excise tax on preferred stock redemption — — — — — ( 1 ) — — ( 1 ) Common stock repurchased (b) — — ( 14,896,091 ) ( 9 ) ( 219 ) — — — ( 228 ) Excise tax on common stock repurchased — — — — ( 1 ) — — — ( 1 ) Common stock issued for: Stock options exercised and restricted stock awards — — 3,134,855 1 1 — — — 2 Stock-based compensation expense — — — 1 12 — — — 13 Dividends declared - noncontrolling interest of subsi

, ITEM 1. FINANCIAL STATEMENTS

PART I, ITEM 1. FINANCIAL STATEMENTS Table of Contents CONSOLIDATED STATEMENTS OF CASH FLOWS Six Months Ended June 30, (Dollars in millions) (Unaudited) 2025 2024 Operating Activities Net income $ 467 $ 401 Adjustments to reconcile net income to net cash from operating activities: Provision for credit losses 70 105 Deferred income tax expense (benefit) 20 ( 26 ) Depreciation and amortization of premises and equipment 28 27 Amortization of intangible assets 20 22 Net other amortization and accretion ( 7 ) 2 Net decrease in trading securities 433 712 Net (increase) decrease in derivatives ( 10 ) 4 Stock-based compensation expense 33 31 Loans held for sale: Purchases and originations ( 1,241 ) ( 1,372 ) Gross proceeds from settlements and sales 916 867 Gain due to fair value adjustments and other ( 7 ) ( 15 ) Other operating activities, net ( 290 ) ( 70 ) Total adjustments ( 35 ) 287 Net cash provided by operating activities 432 688 Investing Activities Proceeds from maturities of securities available for sale 457 391 Purchases of securities available for sale ( 457 ) ( 24 ) Proceeds from prepayments of securities held to maturity 27 28 Purchases of premises and equipment ( 18 ) ( 21 ) Net increase in loans and leases ( 732 ) ( 1,539 ) Net (increase) decrease in interest-bearing deposits with banks 626 ( 124 ) Other investing activities, net 14 5 Net cash used in investing activities ( 83 ) ( 1,284 ) Financing Activities Common stock: Stock options exercised 3 1 Cash dividends paid ( 162 ) ( 171 ) Repurchase of shares ( 393 ) ( 387 ) Preferred stock: Series D preferred stock redemption — ( 100 ) Cash dividends paid - preferred stock - noncontrolling interest ( 8 ) ( 10 ) Cash dividends paid - preferred stock ( 13 ) ( 16 ) Net decrease in deposits ( 5 ) ( 986 ) Net increase in short-term borrowings 61 1,966 Proceeds from issuance of term borrowings 497 18 Repayment of term borrowing ( 350 ) — Increases (decreas

View Full Filing

View this 10-Q filing on SEC EDGAR