Last 48 quarters of trend data · Financial Services · Regional Banks
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.34 | — | 11.87 | 10.74 | 11.49 | 11.30 | 11.78 | 11.84 | 17.36 | 9.71 | 11.60 | 11.67 | 11.42 | 11.98 | 5.03 | 10.34 | 13.61 | 12.72 | 18.84 | 17.27 | 10.21 |
| — | — | +0.8% | -9.3% | -33.8% | +16.5% | +1.6% | +1.5% | +52.0% | -19.0% | +130.5% | +12.9% | -16.1% | -5.8% | -73.3% | -40.2% | +33.4% | +28.1% | +131.2% | +63.4% | +34.4% | |
| P/S Ratio | 3.59 | 6.70 | 3.47 | 3.21 | 3.34 | 3.33 | 3.38 | 3.22 | 3.82 | 2.60 | 2.72 | 2.69 | 2.56 | 2.04 | 2.02 | 3.04 | 4.07 | 3.83 | 4.32 | 4.69 | 3.16 |
| — | +101.1% | +2.9% | -0.1% | -12.7% | +28.0% | +24.0% | +19.6% | +49.6% | +27.5% | +34.9% | -11.4% | -37.3% | -46.6% | -53.3% | -35.3% | +29.1% | +26.1% | +37.1% | +57.2% | +40.6% | |
| P/B Ratio | 1.25 | 1.20 | 1.30 | 1.17 | 1.30 | 1.25 | 1.18 | 1.12 | 1.18 | 0.90 | 0.96 | 0.94 | 0.85 | 0.70 | 0.71 | 1.14 | 1.64 | 1.58 | 1.46 | 1.49 | 1.04 |
| — | -4.1% | +10.5% | +4.3% | +9.9% | +39.1% | +22.2% | +19.9% | +38.1% | +27.5% | +36.6% | -18.1% | -47.9% | -55.4% | -51.5% | -23.0% | +57.4% | +50.2% | +29.6% | +30.8% | +21.8% | |
| P/FCF | 5.06 | 4.59 | 5.44 | 10.26 | 4.05 | — | 36.81 | 7.47 | 15.45 | 5.45 | — | 2.59 | 5.66 | 2.24 | 5.34 | — | 184.39 | 4.27 | 3.82 | 4.72 | 13.33 |
| — | — | -85.2% | +37.4% | -73.8% | — | — | +187.9% | +173.1% | +142.9% | — | — | -96.9% | -47.4% | +39.8% | — | +1283.3% | — | — | +111.0% | +216.7% | |
| EV / EBITDA | 14.49 | — | 10.77 | 14.75 | 10.74 | 11.58 | 10.52 | 11.05 | 14.09 | 7.87 | 10.44 | 8.77 | 12.31 | 7.71 | 4.80 | 10.24 | 11.13 | 7.54 | 5.44 | 1.33 | -2.98 |
| — | — | +2.4% | +33.5% | -23.8% | +47.1% | +0.8% | +25.9% | +14.5% | +2.1% | +117.2% | -14.3% | +10.6% | +2.4% | -11.6% | +667.6% | +473.9% | +385.7% | +833.6% | +240.7% | -367.3% | |
| EV / EBIT | 11.36 | — | 11.43 | 15.66 | 11.27 | 11.79 | 11.17 | 11.90 | 15.36 | 8.74 | 11.44 | 9.67 | 13.07 | 8.91 | 5.15 | 11.17 | 11.73 | 8.41 | 5.99 | 1.43 | -3.10 |
| — | — | +2.4% | +31.6% | -26.6% | +34.8% | -2.4% | +23.0% | +17.6% | -1.8% | +121.9% | -13.4% | +11.4% | +5.9% | -14.0% | +682.0% | +477.9% | +407.4% | +886.9% | +246.7% | -363.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 98.1% | 106.1% | 98.3% | 100.0% | 100.0% | 100.6% | 96.3% | 94.9% | 98.6% | 95.6% | 93.1% | 93.7% | 93.6% | 85.5% | 93.6% | 94.0% | 94.8% | 93.0% | 95.8% | 105.8% | 109.3% |
| — | +5.5% | +2.1% | +5.3% | +1.4% | +5.2% | +3.5% | +1.3% | +5.4% | +11.9% | -0.6% | -0.3% | -1.3% | -8.1% | -2.3% | -11.1% | -13.3% | -16.6% | -16.7% | +0.1% | +9.4% | |
| Operating Margin | 37.4% | -23.8% | 38.5% | 41.4% | 38.6% | 39.8% | 38.3% | 36.1% | 29.9% | 35.0% | 32.8% | 31.8% | 22.9% | 25.6% | 54.3% | 39.5% | 38.8% | 40.6% | 31.3% | 37.1% | 40.1% |
| — | -159.9% | +0.5% | +14.7% | +29.3% | +13.5% | +16.6% | +13.5% | +30.4% | +36.7% | -39.5% | -19.5% | -41.0% | -36.8% | +73.7% | +6.7% | -3.1% | +0.5% | -40.2% | -4.6% | +5.4% | |
| Net Margin | 28.7% | -20.4% | 30.6% | 30.5% | 29.4% | 30.3% | 29.9% | 27.6% | 23.6% | 27.2% | 25.1% | 24.1% | 23.7% | 18.1% | 41.5% | 30.0% | 30.9% | 31.1% | 24.2% | 28.3% | 32.4% |
| — | -167.3% | +2.4% | +10.4% | +24.5% | +11.4% | +18.9% | +14.8% | -0.3% | +50.2% | -39.5% | -19.8% | -23.4% | -41.7% | +71.8% | +5.8% | -4.5% | -1.2% | -40.1% | -3.9% | +6.2% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.8% | -0.9% | 2.9% | 2.8% | 2.8% | 2.8% | 2.6% | 2.4% | 1.8% | 2.4% | 2.2% | 2.1% | 2.0% | 1.5% | 3.6% | 2.9% | 3.2% | 3.1% | 2.0% | 2.3% | 2.7% |
| — | -131.5% | +8.7% | +17.7% | +57.6% | +18.7% | +20.0% | +15.5% | -11.5% | +54.6% | -39.7% | -27.7% | -35.6% | -51.0% | +80.4% | +26.9% | +18.5% | +16.0% | -44.7% | -19.1% | -9.2% | |
| ROA | 1.2% | -0.1% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.2% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.4% | 0.3% | 0.3% | 0.3% | 0.2% | 0.2% | 0.3% |
| — | -131.0% | +9.1% | +17.5% | +55.0% | +19.8% | +21.5% | +13.4% | -10.1% | +61.8% | -38.1% | -25.3% | -32.9% | -49.0% | +95.8% | +43.3% | +30.7% | +21.8% | -43.0% | -19.2% | -11.5% | |
| ROIC | 7.0% | -0.5% | 1.4% | 1.5% | 1.8% | 1.8% | 1.6% | 1.5% | 1.2% | 1.5% | 1.4% | 1.5% | 1.0% | 1.0% | 1.9% | 1.7% | 2.1% | 2.2% | 1.4% | 1.6% | 1.7% |
| — | -130.1% | -13.6% | -3.0% | +53.3% | +17.5% | +15.1% | +3.4% | +12.0% | +54.1% | -24.8% | -12.6% | -49.9% | -55.6% | +33.8% | +6.1% | +21.9% | +23.2% | -42.3% | -16.4% | -6.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.50 | 0.45 | 0.46 | 1.40 | 0.50 | 0.61 | 0.52 | 0.61 | 0.50 | 0.41 | 0.64 | 0.42 | 0.40 | 0.42 | 0.90 | 0.91 | 0.48 | 0.36 | 0.42 | 0.38 | 0.44 |
| — | -25.4% | -11.9% | +131.3% | -0.8% | +49.0% | -18.3% | +43.9% | +26.7% | -2.4% | -29.7% | -53.6% | -17.1% | +14.6% | +117.7% | +138.9% | +9.8% | -18.5% | -9.2% | -18.4% | -6.1% | |
| Debt / EBITDA | 3.40 | — | 11.94 | 35.03 | 12.71 | 16.00 | 14.64 | 17.87 | 20.07 | 12.14 | 19.96 | 13.81 | 19.57 | 16.36 | 17.77 | 22.41 | 11.66 | 7.81 | 14.32 | 12.12 | 12.68 |
| — | — | -18.4% | +96.0% | -36.7% | +31.8% | -26.7% | +29.4% | +2.5% | -25.8% | +12.4% | -38.3% | +67.9% | +109.6% | +24.1% | +84.8% | -8.0% | -36.7% | +49.9% | +1.1% | +4.6% | |
| Current Ratio | 0.96 | 0.33 | 0.34 | 0.96 | 0.96 | 0.15 | 0.16 | 0.13 | 0.13 | 0.15 | 0.15 | 0.16 | 0.16 | 0.16 | 0.20 | 0.18 | 0.17 | 0.19 | 0.27 | 0.31 | 0.32 |
| — | +128.1% | +112.5% | +656.7% | +646.5% | -3.7% | +9.2% | -18.5% | -17.5% | -4.4% | -24.5% | -14.3% | -8.3% | -18.6% | -26.7% | -42.0% | -46.8% | -39.3% | -11.9% | +12.7% | +31.8% | |
| Quick Ratio | 0.96 | 0.33 | 0.34 | 0.96 | 0.96 | 0.15 | 0.16 | 0.13 | 0.13 | 0.15 | 0.15 | 0.16 | 0.16 | 0.16 | 0.20 | 0.18 | 0.17 | 0.19 | 0.27 | 0.31 | 0.32 |
| — | +128.1% | +112.5% | +656.7% | +646.5% | -3.7% | +9.2% | -18.5% | -17.5% | -4.4% | -24.5% | -14.3% | -8.3% | -18.6% | -26.7% | -42.0% | -46.8% | -39.3% | -11.9% | +12.7% | +31.8% | |
| Interest Coverage | 0.82 | -0.26 | 0.96 | 1.06 | 0.91 | 0.85 | 0.77 | 0.74 | 0.48 | 0.57 | 0.56 | 0.57 | 0.38 | 0.41 | 1.10 | 1.43 | 2.27 | 4.87 | 5.49 | 8.23 | 8.26 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying FHN stock.
First Horizon Corporation's current P/E is 15.3x. The average P/E over the last 3 quarters is 11.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
First Horizon Corporation's current operating margin is 37.4%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking First Horizon Corporation's business trajectory between earnings reports.