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Apr 15, 2026·SEC
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First Horizon Corporation(FHN)Earnings, Financials & Key Ratios
FHN•NYSE•Banking & Credit
13.2× P/E·Price updated Jun 19, 2026
AboutFirst Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through three segments: Regional Banking, Specialty Banking, and Corporate. It offers general banking services for consumers, businesses, financial institutions, and governments. The company also underwrites bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; sells loans and derivatives; and offers advisory services. In addition, it offers various services, such as mortgage banking; title insurance and loan-closing; brokerage; correspondent banking; nationwide check clearing and remittance processing; trust, fiduciary, and agency; equipment finance; and investment and financial advisory services. Further, the company sells mutual fund and retail insurance products; and credit cards. It operates approximately 500 banking offices in 22 states under the First Horizon Bank brand; and 400 banking centers in 12 states under the FHN Financial brand in the United States. The company was formerly known as First Horizon National Corporation and changed its name to First Horizon Corporation in November 2020. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.Show more
- Net Interest Income$2.62B+4.4%
- Total Revenue$4.99B+1.0%
- Net Income$983M+26.8%
- Return on Equity10.77%+27.9%
- Net Interest Margin3.13%+2.3%
- Efficiency Ratio41.62%+5.9%
- ROA1.18%+25.1%
- Equity / Assets10.9%-1.7%
- Book Value per Share18.43+10.1%
FHN Key Insights
First Horizon Corporation (FHN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 8/9
- ✓Efficient operations: 41.6% efficiency ratio
- ✓Well capitalized: 10.9% equity/assets
- ✓Healthy dividend yield of 2.6%
- ✓Share count reduced 8.9% through buybacks
- ✓Trading at only 1.3x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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FHN Price & Volume
First Horizon Corporation (FHN) stock price & volume — 10-year historical chart
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FHN Growth Metrics
First Horizon Corporation (FHN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years15.22%
5 Years12.22%
3 Years13.48%
TTM-
Profit CAGR
10 Years27.6%
5 Years3.07%
3 Years2.98%
TTM26.71%
EPS CAGR
10 Years18.65%
5 Years-0.11%
3 Years7.11%
TTM38.24%
Return on Capital
10 Years9.32%
5 Years9.5%
3 Years8.98%
Last Year10.18%
FHN Recent Earnings
First Horizon Corporation (FHN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (90%)●Beat Revenue 2/12 qtrs (22%)
Q2 2026Latest
Apr 15, 2026Metric
Actual
Est
EPS
$0.53+6.6%
$0.50
Rev
$864M-0.6%
$869M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.53
—
Rev
$1.3B
—
Q1 2026
Jan 15, 2026Metric
Actual
Est
EPS
$0.52+13.0%
$0.46
Rev
$891M+3.4%
$861M
Q4 2025
Oct 15, 2025Metric
Actual
Est
EPS
$0.51+14.5%
$0.45
Rev
$865M+2.1%
$847M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 15, 2026 | $0.53vs $0.50+6.6% | $864Mvs $869M-0.6% |
| Q1 2026 | Feb 26, 2026 | $0.53 | $1.3B |
| Q1 2026 | Jan 15, 2026 | $0.52vs $0.46+13.0% | $891Mvs $861M+3.4% |
| Q4 2025 | Oct 15, 2025 | $0.51vs $0.45+14.5% | $865Mvs $847M+2.1% |
Based on last 12 quarters of dataView full earnings history →
FHN Peer Comparison
First Horizon Corporation (FHN) competitors in Banks with large fee businesses — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ZION | 9.73B | 66.17 | 11.01 | -0.98% | 18.18% | 13.33% | 0.61 | |
 CFG | 29.21B | 67.08 | 17.38 | -9.71% | 16.42% | 7.16% | 0.43 | |
 HBAN | 26.69B | 16.86 | 12.13 | 4.38% | 17.71% | 10.04% | 0.76 | |
 RF | 25.19B | 28.62 | 12.50 | 2.51% | 22.44% | 11.43% | 0.26 | |
 FITB | 35.29B | 52.74 | 14.90 | -1.4% | 19.61% | 11.96% | 0.67 | |
 CMA | 11.35B | 88.67 | 16.76 | -3.91% | 15.07% | 9.96% | 0.70 | |
 KEY | 24.74B | 22.59 | 14.86 | 23.56% | 16.35% | 9.26% | 0.54 | |
 SNV | 6.95B | 50.05 | 16.52 | 1.16% | 24.05% | 14.45% | 0.35 |
Compare FHN vs Peers
First Horizon Corporation (FHN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FHN Income Statement
First Horizon Corporation (FHN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 842.31M | 1.22B | 1.21B | 1.66B | 1.99B | 2.39B | 2.54B | 2.51B | 2.62B |
NII Growth % | 15.53% | 44.84% | -0.82% | 37.36% | 19.98% | 19.96% | 6.19% | -1.14% | 4.42% |
Net Interest Margin % | 2.03% | 2.99% | 2.79% | 1.97% | 2.24% | 3.03% | 3.11% | 3.06% | 3.13% |
Interest Income | 989.93M | 1.55B | 1.62B | 1.9B | 2.16B | 2.68B | 4.1B | 4.35B | 4.19B |
Interest Expense | 147.62M | 326M | 414M | 236M | 164M | 291M | 1.56B | 1.84B | 1.56B |
Loan Loss Provision | 0 | 8M | 45M | 503M | -310M | 95M | 260M | 150M | 65M |
Non-Interest Income | 460.73M | 667M | 608M | 903M | 996M | 728M | 615M | 585M | 799M |
Non-Interest Income % | 31.76% | 30.14% | 27.24% | 32.24% | 31.58% | 21.34% | 13.04% | 11.85% | 16.03% |
Total Revenue | 1.45B▲ 0% | 2.21B▲ 52.6% | 2.23B▲ 0.9% | 2.8B▲ 25.5% | 3.15B▲ 12.6% | 3.41B▲ 8.1% | 4.71B▲ 38.2% | 4.94B▲ 4.7% | 4.99B▲ 1.0% |
Revenue Growth % | 9.2% | 52.55% | 0.86% | 25.49% | 12.6% | 8.15% | 38.23% | 4.71% | 0.97% |
Non-Interest Expense | 994.17M | 1.17B | 1.19B | 1.13B | 2.02B | 1.87B | 1.77B | 1.94B | 2.08B |
Efficiency Ratio | 68.53% | 52.64% | 53.18% | 40.31% | 63.92% | 54.71% | 37.48% | 39.32% | 41.62% |
Operating Income | 308.87M▲ 0% | 714M▲ 131.2% | 586M▼ 17.9% | 933M▲ 59.2% | 1.28B▲ 37.6% | 1.16B▼ 9.7% | 1.13B▼ 2.7% | 1B▼ 10.9% | 1.28B▲ 27.5% |
Operating Margin % | 21.29% | 32.26% | 26.25% | 33.31% | 40.71% | 33.98% | 23.92% | 20.36% | 25.7% |
Operating Income Growth % | -10.56% | 131.16% | -17.93% | 59.21% | 37.62% | -9.74% | -2.67% | -10.9% | 27.46% |
Pretax Income | 308.87M▲ 0% | 714M▲ 131.2% | 586M▼ 17.9% | 933M▲ 59.2% | 1.28B▲ 37.6% | 1.16B▼ 9.7% | 1.13B▼ 2.7% | 1B▼ 10.9% | 1.28B▲ 27.5% |
Pretax Margin % | 21.29% | 32.26% | 26.25% | 33.31% | 40.71% | 33.98% | 23.92% | 20.36% | 25.7% |
Income Tax | 131.89M | 157M | 134M | 76M | 274M | 247M | 212M | 211M | 282M |
Effective Tax Rate % | 42.7% | 21.99% | 22.87% | 8.15% | 21.34% | 21.31% | 18.79% | 21% | 22.01% |
Net Income | 165.51M▲ 0% | 545M▲ 229.3% | 441M▼ 19.1% | 845M▲ 91.6% | 999M▲ 18.2% | 900M▼ 9.9% | 897M▼ 0.3% | 775M▼ 13.6% | 983M▲ 26.8% |
Net Margin % | 11.41% | 24.63% | 19.76% | 30.17% | 31.67% | 26.39% | 19.02% | 15.7% | 19.72% |
Net Income Growth % | -27.1% | 229.28% | -19.08% | 91.61% | 18.22% | -9.91% | -0.33% | -13.6% | 26.84% |
Net Income (Continuing) | 176.98M | 557M | 452M | 857M | 1.01B | 912M | 916M | 794M | 999M |
EPS (Diluted) | 0.65▲ 0% | 1.65▲ 153.8% | 1.38▼ 16.4% | 1.89▲ 37.0% | 1.74▼ 7.9% | 1.53▼ 12.1% | 1.54▲ 0.7% | 1.36▼ 11.7% | 1.88▲ 38.2% |
EPS Growth % | -30.85% | 153.85% | -16.36% | 36.96% | -7.94% | -12.07% | 0.65% | -11.69% | 38.24% |
EPS (Basic) | 0.66 | 1.66 | 1.39 | 1.90 | 1.76 | 1.62 | 1.58 | 1.37 | 1.89 |
Diluted Shares Outstanding | 244.45M | 327.44M | 315.66M | 433.72M | 551.24M | 566M | 561.73M | 544.28M | 496M |
FHN Balance Sheet
First Horizon Corporation (FHN) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 6.99B | 6.69B | 5.56B | 17.6B | 24.76B | 11.28B | 10.73B | 8.94B | 4.62B |
Cash & Due from Banks | 1.82B | 2.06B | 1.12B | 9.55B | 16.05B | 2.44B | 2.34B | 2.44B | 961M |
Short Term Investments | 5.17B | 4.63B | 4.45B | 8.05B | 8.71B | 8.84B | 8.39B | 6.49B | 3.66B |
Total Investments | 33.43B | 32.75B | 36.08B | 66.35B | 64.78B | 68.21B | 70.73B | 71.47B | 13.04B |
Investments Growth % | 41.79% | -2.03% | 10.17% | 83.88% | -2.36% | 5.3% | 3.7% | 1.03% | -81.75% |
Long-Term Investments | 28.26B | 28.13B | 31.64B | 58.3B | 56.07B | 59.38B | 62.34B | 64.97B | 9.38B |
Accounts Receivables | 68.69M | 38.86M | 0 | 0 | 0 | 0 | 0 | 0 | 63.42B |
Goodwill & Intangibles | 1.57B | 1.59B | 1.56B | 1.86B | 1.81B | 1.75B | 1.7B | 1.65B | 1.61B |
Goodwill | 1.39B | 1.43B | 1.43B | 1.51B | 1.51B | 1.51B | 1.51B | 1.51B | 1.61B |
Intangible Assets | 184.39M | 155.03M | 131M | 354M | 298M | 234M | 186M | 143M | 0 |
PP&E (Net) | 532.25M | 494.04M | 455M | 759M | 665M | 612M | 590M | 574M | 544M |
Other Assets | 4B | 3.9B | 4.05B | 5.68B | 5.78B | 5.94B | 6.3B | 6.01B | 0 |
Total Current Assets | 7.06B | 6.72B | 5.6B | 17.6B | 24.76B | 11.28B | 10.73B | 8.94B | 68.45B |
Total Non-Current Assets | 34.36B | 34.11B | 37.71B | 66.61B | 64.33B | 67.67B | 70.93B | 73.22B | 11.54B |
Total Assets | 41.42B▲ 0% | 40.83B▼ 1.4% | 43.31B▲ 6.1% | 84.21B▲ 94.4% | 89.09B▲ 5.8% | 78.95B▼ 11.4% | 81.66B▲ 3.4% | 82.15B▲ 0.6% | 83.88B▲ 2.1% |
Asset Growth % | 45.06% | -1.43% | 6.07% | 94.43% | 5.8% | -11.38% | 3.43% | 0.6% | 2.1% |
Return on Assets (ROA) | 0.47% | 1.33% | 1.05% | 1.33% | 1.15% | 1.07% | 1.12% | 0.95% | 1.18% |
Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67.48B |
Total Debt | 4.85B | 2.26B | 5.57B | 3.87B | 3.71B | 4.1B | 3.7B | 4.59B | 4.57B |
Net Debt | 3.03B | 199.82M | 4.46B | -5.69B | -12.34B | 1.66B | 1.36B | 2.15B | 3.61B |
Long-Term Debt | 775.89M | 728.92M | 791M | 1.67B | 1.59B | 1.6B | 1.15B | 1.2B | 1.32B |
Short-Term Debt | 4.08B | 1.53B | 4.78B | 2.2B | 2.12B | 2.51B | 2.55B | 3.4B | 3.25B |
Other Liabilities | 729.39M | 769.79M | -275.27M | 1.7B | 1.56B | 2.48B | 2.38B | 2.31B | 0 |
Total Current Liabilities | 35.34B | 34.55B | 37.72B | 72.53B | 77.44B | 66.33B | 68.84B | 69.53B | 71.34B |
Total Non-Current Liabilities | 1.51B | 1.5B | 515.73M | 3.37B | 3.15B | 4.08B | 3.53B | 3.51B | 1.32B |
Total Liabilities | 36.84B | 36.05B | 38.23B | 75.9B | 80.6B | 70.41B | 72.37B | 73.04B | 74.73B |
Total Equity | 4.58B▲ 0% | 4.79B▲ 4.5% | 5.08B▲ 6.1% | 8.31B▲ 63.7% | 8.49B▲ 2.3% | 8.55B▲ 0.6% | 9.29B▲ 8.7% | 9.11B▼ 1.9% | 9.14B▲ 0.3% |
Equity Growth % | 69.33% | 4.47% | 6.07% | 63.65% | 2.25% | 0.62% | 8.7% | -1.94% | 0.34% |
Equity / Assets (Capital Ratio) | 11.06% | 11.72% | 11.72% | 9.86% | 9.53% | 10.83% | 11.38% | 11.09% | 10.9% |
Return on Equity (ROE) | 4.54% | 11.64% | 8.94% | 12.63% | 11.89% | 10.56% | 10.06% | 8.42% | 10.77% |
Book Value per Share | 18.74 | 14.61 | 16.08 | 19.15 | 15.41 | 15.10 | 16.54 | 16.74 | 18.43 |
Tangible BV per Share | 12.31 | 9.77 | 11.13 | 14.85 | 12.13 | 12.02 | 13.52 | 13.70 | 15.18 |
Common Stock | 204.21M | 199.11M | 195M | 347M | 333M | 336M | 349M | 328M | 303M |
Additional Paid-in Capital | 3.15B | 3.03B | 2.93B | 5.07B | 4.74B | 4.84B | 5.35B | 4.81B | 3.97B |
Retained Earnings | 1.16B | 1.54B | 1.8B | 2.26B | 2.89B | 3.43B | 3.96B | 4.38B | 5.03B |
Accumulated OCI | -322.82M | -376.62M | -239M | -140M | -288M | -1.37B | -1.19B | -1.13B | -809M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 95.62M | 95.62M | 96M | 470M | 520M | 1.01B | 520M | 426M | 349M |
FHN Cash Flow Statement
First Horizon Corporation (FHN) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -28.8M | 234.31M | 830M | 172M | 725M | 2.29B | 1.3B | 1.27B | 988M |
Operating CF Growth % | -116% | 913.62% | 254.24% | -79.28% | 321.51% | 216% | -43.3% | -2.39% | -22.08% |
Net Income | 176.98M | 557M | 452M | 857M | 1.01B | 900M | 916M | 794M | 983M |
Depreciation & Amortization | 70.92M | 59M | 66M | 62M | 45M | 85M | 102M | 101M | 94M |
Deferred Taxes | 121M | 104M | 14M | -18M | 0 | 0 | 44M | -17M | 49M |
Other Non-Cash Items | -202.84M | -551M | -1.01B | -2.45B | -2.61B | -1.41B | -648M | -678M | -734M |
Working Capital Changes | -215.5M | 42M | 1.29B | 1.69B | 2.24B | 2.64B | 849M | 1.01B | 535M |
Cash from Investing | -1.32B | 480M | -2.39B | -4.97B | -4.6B | 8.33B | -2.6B | -1.06B | -1.45B |
Purchase of Investments | -1.56B | -473M | -630M | -4.74B | -4.46B | -3.48B | -261M | -1.54B | -874M |
Sale/Maturity of Investments | 1.52B | 697M | 992M | 4.73B | 2.86B | 1.41B | 909M | 2.04B | 957M |
Net Investment Activity | -34.28M | 224M | 362M | -12M | -1.6B | -2.07B | 648M | 505M | 83M |
Acquisitions | -336.63M | -46M | 0 | 2.07B | 0 | 0 | 11M | 0 | 0 |
Other Investing | -900.64M | 350M | -2.7B | -6.97B | -2.95B | 10.43B | -3.23B | -1.52B | -1.54B |
Cash from Financing | 1.77B | -761M | 1.42B | 5.18B | 4.02B | -10.87B | 1.49B | -404M | 524M |
Dividends Paid | -86.1M | -145M | -177M | -239M | -366M | -356M | -367M | -361M | -340M |
Share Repurchases | -5.55M | -105M | -134M | -11M | -416M | -12M | -10M | -626M | -998M |
Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 519M |
Net Stock Activity | -5.55M | -105M | -134M | -11M | -416M | -12M | -10M | -626M | -479M |
Debt Issuance (Net) | 1000K | -1000K | 1000K | -1000K | -1000K | 1000K | -1000K | 1000K | -1000K |
Other Financing | -202.46M | 2.09B | -255M | 7.14B | 4.84B | -11.38B | 2.28B | -311M | 1.88B |
Net Change in Cash | 414.25M▲ 0% | -47M▼ 111.3% | -138M▼ 193.6% | 381M▲ 376.1% | 140M▼ 63.3% | -245M▼ 275.0% | 188M▲ 176.7% | -194M▼ 203.2% | 58M▲ 129.9% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 1.04B | 1.45B | 1.41B | 1.27B | 1.65B | 1.79B | 1.54B | 1.73B | 1.54B |
Cash at End | 1.45B | 1.41B | 1.27B | 1.65B | 1.79B | 1.54B | 1.73B | 1.54B | 1.59B |
Interest Paid | 140.37M | 308M | 411M | 261M | 170M | 280M | 1.43B | 1.87B | 1.58B |
Income Taxes Paid | 54.42M | 43M | 71M | 105M | 258M | 20M | 123M | 106M | 62M |
Free Cash Flow | -81.84M▲ 0% | 186.32M▲ 327.7% | 781M▲ 319.2% | 114M▼ 85.4% | 672M▲ 489.5% | 2.26B▲ 236.8% | 1.26B▼ 44.2% | 1.22B▼ 3.0% | 955M▼ 22.0% |
FCF Growth % | -169.69% | 327.65% | 319.17% | -85.4% | 489.47% | 236.76% | -44.23% | -3.01% | -21.98% |
FHN Banking Ratios
First Horizon Corporation (FHN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 8.5% | 4.54% | 11.64% | 8.94% | 12.63% | 11.89% | 10.56% | 10.06% | 8.42% | 10.77% |
Return on Assets (ROA) | 0.83% | 0.47% | 1.33% | 1.05% | 1.33% | 1.15% | 1.07% | 1.12% | 0.95% | 1.18% |
Net Interest Margin | 2.55% | 2.03% | 2.99% | 2.79% | 1.97% | 2.24% | 3.03% | 3.11% | 3.06% | 3.13% |
Efficiency Ratio | 66.49% | 68.53% | 52.64% | 53.18% | 40.31% | 63.92% | 54.71% | 37.48% | 39.32% | 41.62% |
Equity / Assets | 9.47% | 11.06% | 11.72% | 11.72% | 9.86% | 9.53% | 10.83% | 11.38% | 11.09% | 10.9% |
Book Value / Share | 11.5 | 18.74 | 14.61 | 16.08 | 19.15 | 15.41 | 15.1 | 16.54 | 16.74 | 18.43 |
NII Growth | 11.53% | 15.53% | 44.84% | -0.82% | 37.36% | 19.98% | 19.96% | 6.19% | -1.14% | 4.42% |
Dividend Payout | 27.97% | 48.28% | 25.5% | 38.78% | 26.27% | 33.33% | 36% | 37.35% | 42.84% | 31.94% |
Related:FHN Dividend History·FHN Revenue History·FHN Price History·FHN P/E History·FHN Financial Ratios·FHN Institutional Holders
FHN SEC Filings & Documents
First Horizon Corporation (FHN) SEC filings — annual & quarterly reports (10-K, 10-Q)
FHN Frequently Asked Questions
First Horizon Corporation (FHN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
First Horizon Corporation (FHN) grew revenue by 1.0% over the past year. Growth has been modest.
Yes, First Horizon Corporation (FHN) is profitable, generating $982.0M in net income for fiscal year 2025 (19.7% net margin).
Dividend & Returns
Yes, First Horizon Corporation (FHN) pays a dividend with a yield of 2.55%. This makes it attractive for income-focused investors.
First Horizon Corporation (FHN) has a return on equity (ROE) of 10.8%. This is reasonable for most industries.
Industry Metrics
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 41.6%. This is excellent, indicating strong cost control.