First Horizon's net interest income has expanded gradually from $625.0M in 2024Q1 to $683.0M in 2026Q3 with net interest margin steady near 0.8%, suggesting growth is driven by balance sheet scale rather than rate tailwinds.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Net interest income rose from $625.0M to $683.0M over the period with NIM holding near 0.8%, but the efficiency ratio spiked to 130.0% and net income fell to -$83.0M in 2026Q3, driven by a negative fee income share of -67.8%.
First Horizon has demonstrated a solid financial foundation with consistent revenue growth and profitability. Its trailing twelve months (TTM) net income stands at $1.01 billion, showcasing its profitability, with Q1 2026 net income reported at $263 million, up from the previous quarter.
First Horizon is actively expanding its footprint, with approximately 500 banking offices across 22 states. The company's tangible book value has also shown strong growth, increasing by 2.7% quarter-over-quarter in Q4 2025.
The stock is trading at a price-to-earnings (P/E) ratio of around 11.30 to 12.33, which is considered attractive compared to industry averages. Some analysts believe the stock is trading at a significant discount to its estimated fair value.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 15, 2026 | $0.53+1.1% vs $0.52 | $883M-0.7% vs $889M |
Q3 2026 Jul 15, 2026 | $0.54+3.8% vs $0.52 | $887M+1.0% vs $878M |
Q2 2026 Apr 15, 2026 | $0.53+6.6% vs $0.50 | $864M-0.6% vs $869M |
Q1 2026 Jan 15, 2026 | $0.52+13.0% vs $0.46 | $891M+3.4% vs $861M |
Dr. Balser is the President, Chief Executive Officer and a member of the board of directors of Vanderbilt University Medical Center and Dean of Vanderbilt University School of Medicine. MEMPHIS, Tenn.
MEMPHIS, Tenn., Oct. 26, 2026 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) (or "First Horizon") today announced that its board of directors declared a quarterly cash dividend of $0.17 per share on FHN's common stock.
MEMPHIS, Tenn., Oct. 26, 2026 /PRNewswire/ -- First Horizon Bank (NYSE: FHN) (or "First Horizon") is pleased to announce that Dwayne "DJ" Mercadel has joined the First Horizon team as its Gulf States Retail Banking Executive covering Texas and Louisiana.
MEMPHIS, Tenn., Oct. 21, 2026 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN) today announced Chief Financial Officer Hope Dmuchowski will participate in the BancAnalysts Association of Boston Conference on November 5, 2026, at 2:55 pm ET.
Benchmark FHN against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for First Horizon Corporation (FHN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $23.04 | $10.94B | 15.34 | 10.5% | 23.4% | 7.66% | 2.75% | |
| $64.76 | $9.45B | 7.75 | 8.21% | 32.23% | 16.25% | 2.76% | |
| $63.24 | $26.74B | 11.87 | -5.85% | 25.4% | 8.74% | 2.74% | |
| $15.47 | $31.26B | 12.72 | 10.58% | 24% | 8.17% | 3.9% | |
| $28.31 | $24.16B | 10.56 | 6.25% | 29.89% | 12.26% | 3.66% | |
| $53.04 | $48.07B | 18.98 | 8.37% | 21.86% | 8.3% | 3.28% |
First Horizon Corporation (FHN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
First Horizon Corporation (FHN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 27, 2026·SEC
Oct 15, 2026·SEC
Jul 15, 2026·SEC
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First Horizon Corporation (FHN) stock FAQ — growth, dividends, profitability & financials explained
First Horizon Corporation (FHN) revenue fell by 3.8% over the trailing twelve months, compared with the twelve months before.
Yes. First Horizon Corporation (FHN) earned $712.0M in net income over the trailing twelve months (a 23.4% net margin).
Yes. First Horizon Corporation (FHN) pays a dividend that yields 2.75% at the current price, a moderate yield.
First Horizon Corporation (FHN) had a return on equity (ROE) of 7.7% over the trailing twelve months. That is below the market's typical 10-15%.
First Horizon Corporation (FHN) has a net interest margin (NIM) of 3.1%. This indicates healthy earnings from lending activities.
First Horizon Corporation (FHN) has an efficiency ratio of 60.7%. This is reasonable for a bank.
