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FHN logoFirst Horizon Corporation(FHN)Earnings, Financials & Key Ratios

FHN•NYSE•Banking & Credit
$24.78
$12.02B mkt cap·13.2× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryBanks with large fee businesses
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%
  • Tangible BV/Share15.18+10.8%
  • Debt/Equity0.50-0.8%
Analysis→Technical→

FHN Key Insights

First Horizon Corporation (FHN) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓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.

FHN Price & Volume

First Horizon Corporation (FHN) stock price & volume — 10-year historical chart

Loading chart...

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

Full history →
●Beat EPS 9/12 qtrs (90%)●Beat Revenue 2/12 qtrs (22%)
Q2 2026Latest
Apr 15, 2026
EPS
$0.53
Est $0.49
+8.2%
Revenue
$864M
Est $869M
-0.6%
Q1 2026
Feb 26, 2026
EPS
$0.53
Revenue
$1.3B
Q1 2026
Jan 15, 2026
EPS
$0.52
Est $0.46
+13.0%
Revenue
$891M
Est $861M
+3.4%
Q4 2025
Oct 15, 2025
EPS
$0.51
Est $0.45
+14.5%
Revenue
$865M
Est $847M
+2.1%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 15, 2026
$0.53vs $0.49+8.2%
$864Mvs $869M-0.6%
Q1 2026Feb 26, 2026
$0.53
$1.3B
Q1 2026Jan 15, 2026
$0.52vs $0.46+13.0%
$891Mvs $861M+3.4%
Q4 2025Oct 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

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ZION logoZIONZions Bancorporation, National AssociationDirect Competitor9.34B63.1312.757.98%15.7%12.41%11.26%0.71
CFG logoCFGCitizens Financial Group, Inc.Direct Competitor27.77B64.3621.241.31%12.22%6.6%6.77%0.51
HBAN logoHBANHuntington Bancshares IncorporatedDirect Competitor25.97B16.4111.814.38%17.71%10.04%8.77%0.76
RF logoRFRegions Financial CorporationDirect Competitor24.34B28.0412.242.51%22.44%11.29%8.96%0.26
FITB logoFITBFifth Third BancorpDirect Competitor33.69B50.3016.025.62%17.73%11.43%7.15%0.97
CMA logoCMAComerica IncorporatedDirect Competitor11.35B88.6716.76-3.91%15.07%9.38%0.70
KEY logoKEYKeyCorpDirect Competitor24.11B21.8714.3923.56%16.35%8.97%0.54
SNV logoSNVSynovus Financial Corp.Product Competitor6.95B50.0516.521.16%14.09%13.7%11.01%0.35

Compare FHN vs Peers

First Horizon Corporation (FHN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ZION

Most directly comparable listed peer for FHN.

Scale Benchmark

vs ICE

Larger-name benchmark to compare FHN against a more recognizable public peer.

Peer Set

Compare Top 5

vs ZION, CFG, HBAN, RF

FHN Income Statement

First Horizon Corporation (FHN) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income842.31M1.22B1.21B1.66B1.99B2.39B2.54B2.51B2.62B
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 Income989.93M1.55B1.62B1.9B2.16B2.68B4.1B4.35B4.19B
Interest Expense147.62M326M414M236M164M291M1.56B1.84B1.56B
Loan Loss Provision08M45M503M-310M95M260M150M65M
Non-Interest Income460.73M667M608M903M996M728M615M585M799M
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 Expense994.17M1.17B1.19B1.13B2.02B1.87B1.77B1.94B2.08B
Efficiency Ratio68.53%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 Tax131.89M157M134M76M274M247M212M211M282M
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)176.98M557M452M857M1.01B912M916M794M999M
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)0.661.661.391.901.761.621.581.371.89
Diluted Shares Outstanding244.45M327.44M315.66M433.72M551.24M566M561.73M544.28M496M

FHN Balance Sheet

First Horizon Corporation (FHN) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments6.99B6.69B5.56B17.6B24.76B11.28B10.73B8.94B4.62B
Cash & Due from Banks1.82B2.06B1.12B9.55B16.05B2.44B2.34B2.44B961M
Short Term Investments5.17B4.63B4.45B8.05B8.71B8.84B8.39B6.49B3.66B
Total Investments33.43B32.75B36.08B66.35B64.78B68.21B70.73B71.47B13.04B
Investments Growth %41.79%-2.03%10.17%83.88%-2.36%5.3%3.7%1.03%-81.75%
Long-Term Investments28.26B28.13B31.64B58.3B56.07B59.38B62.34B64.97B9.38B
Accounts Receivables68.69M38.86M00000063.42B
Goodwill & Intangibles1.57B1.59B1.56B1.86B1.81B1.75B1.7B1.65B1.61B
Goodwill1.39B1.43B1.43B1.51B1.51B1.51B1.51B1.51B1.61B
Intangible Assets184.39M155.03M131M354M298M234M186M143M0
PP&E (Net)532.25M494.04M455M759M665M612M590M574M544M
Other Assets4B3.9B4.05B5.68B5.78B5.94B6.3B6.01B0
Total Current Assets7.06B6.72B5.6B17.6B24.76B11.28B10.73B8.94B68.45B
Total Non-Current Assets34.36B34.11B37.71B66.61B64.33B67.67B70.93B73.22B11.54B
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 Payable0000000067.48B
Total Debt4.85B2.26B5.57B3.87B3.71B4.1B3.7B4.59B4.57B
Net Debt3.03B199.82M4.46B-5.69B-12.34B1.66B1.36B2.15B3.61B
Long-Term Debt775.89M728.92M791M1.67B1.59B1.6B1.15B1.2B1.32B
Short-Term Debt4.08B1.53B4.78B2.2B2.12B2.51B2.55B3.4B3.25B
Other Liabilities729.39M769.79M-275.27M1.7B1.56B2.48B2.38B2.31B0
Total Current Liabilities35.34B34.55B37.72B72.53B77.44B66.33B68.84B69.53B71.34B
Total Non-Current Liabilities1.51B1.5B515.73M3.37B3.15B4.08B3.53B3.51B1.32B
Total Liabilities36.84B36.05B38.23B75.9B80.6B70.41B72.37B73.04B74.73B
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 Share18.7414.6116.0819.1515.4115.1016.5416.7418.43
Tangible BV per Share12.319.7711.1314.8512.1312.0213.5213.7015.18
Common Stock204.21M199.11M195M347M333M336M349M328M303M
Additional Paid-in Capital3.15B3.03B2.93B5.07B4.74B4.84B5.35B4.81B3.97B
Retained Earnings1.16B1.54B1.8B2.26B2.89B3.43B3.96B4.38B5.03B
Accumulated OCI-322.82M-376.62M-239M-140M-288M-1.37B-1.19B-1.13B-809M
Treasury Stock000000000
Preferred Stock95.62M95.62M96M470M520M1.01B520M426M349M

FHN Cash Flow Statement

First Horizon Corporation (FHN) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-28.8M234.31M830M172M725M2.29B1.3B1.27B628M
Operating CF Growth %-116%913.62%254.24%-79.28%321.51%216%-43.3%-2.39%-50.47%
Net Income176.98M557M452M857M1.01B900M916M794M983M
Depreciation & Amortization70.92M59M66M62M45M85M102M101M94M
Deferred Taxes121M104M14M-18M0044M-17M49M
Other Non-Cash Items-202.84M-551M-1.01B-2.45B-2.61B-1.41B-648M-678M-559M
Working Capital Changes-215.5M42M1.29B1.69B2.24B2.64B849M1.01B0
Cash from Investing-1.32B480M-2.39B-4.97B-4.6B8.33B-2.6B-1.06B-1.09B
Purchase of Investments-1.56B-473M-630M-4.74B-4.46B-3.48B-261M-1.54B-874M
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K1000K1000K1000K
Net Investment Activity-1.56B-472M-629M-4.74B-4.46B-3.48B-260M-1.54B-873M
Acquisitions-336.63M-46M02.07B0011M00
Other Investing-900.64M350M-2.7B-6.97B-2.95B10.43B-3.23B-1.52B-1.18B
Cash from Financing1.77B-761M1.42B5.18B4.02B-10.87B1.49B-404M524M
Dividends Paid-86.1M-145M-177M-239M-366M-356M-367M-361M-314M
Share Repurchases-5.55M-105M-134M-11M-416M-12M-10M-626M-918M
Stock Issued000000000
Net Stock Activity-5.55M-105M-134M-11M-416M-12M-10M-626M-918M
Debt Issuance (Net)1000K-1000K1000K-1000K-1000K1000K-1000K1000K0
Other Financing-202.46M2.09B-255M7.14B4.84B-11.38B2.28B-311M838M
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%
0▲ 100.0%
Exchange Rate Effect000000000
Cash at Beginning1.04B1.45B1.41B1.27B1.65B1.79B1.54B1.73B0
Cash at End1.45B1.41B1.27B1.65B1.79B1.54B1.73B1.54B0
Interest Paid140.37M308M411M261M170M280M1.43B1.87B0
Income Taxes Paid54.42M43M71M105M258M20M123M106M0
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%
628M▼ 48.7%
FCF Growth %-169.69%327.65%319.17%-85.4%489.47%236.76%-44.23%-3.01%-48.69%

FHN Banking Ratios

First Horizon Corporation (FHN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
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 Margin2.55%2.03%2.99%2.79%1.97%2.24%3.03%3.11%3.06%3.13%
Efficiency Ratio66.49%68.53%52.64%53.18%40.31%63.92%54.71%37.48%39.32%41.62%
Equity / Assets9.47%11.06%11.72%11.72%9.86%9.53%10.83%11.38%11.09%10.9%
Book Value / Share11.518.7414.6116.0819.1515.4115.116.5416.7418.43
NII Growth11.53%15.53%44.84%-0.82%37.36%19.98%19.96%6.19%-1.14%4.42%
Dividend Payout27.97%48.28%25.5%38.78%26.27%33.33%36%37.35%42.84%-

FHN SEC Filings & Documents

First Horizon Corporation (FHN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 15, 2026·SEC

Material company update

Mar 12, 2026·SEC

Material company update

Jan 15, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

5
FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 7, 2025·SEC

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.

Explore More FHN

First Horizon Corporation (FHN) financial analysis — history, returns, DCA and operating performance tools

Full FHN Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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