Analysts Mixed on First Horizon Outlook as Valuation Estimate Eases and Share Buyback Announced

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

27 Aug 24

Updated

17 Dec 25

Views

99

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

20.6%

7D

1.9%

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1Y

20.6%

7D

1.9%

You can edit this narrative until Dec 18 2:05 AM. Then, changes will post as Updates.

Author's Valuation

US$25.254.8% undervalued

AnalystConsensusTarget Fair Value

Shared on 17 Dec 25

Fair value Increased 3.12%

FHN: Future Returns Will Reflect Buybacks Amid Mixed M&A Optionality

Analysts have modestly raised their intrinsic value estimate for First Horizon to approximately $25.25 per share from about $24.49, reflecting slightly stronger long term revenue growth assumptions and a higher future earnings multiple, even as near term price targets recalibrate lower amid fading M&A premium and limited upside catalysts. Analyst Commentary Bullish analysts acknowledge the volatility around management's M&A messaging but still view First Horizon as a strategically valuable franchise with upside potential relative to current trading levels.

Shared on 05 Nov 25

Fair value Increased 0.69%

FHN: Shares Will Benefit From $1.2 Billion Repurchase Plan and M&A Flexibility

The analyst price target for First Horizon has increased modestly from $24.32 to $24.49. Analysts cite improved profit margins and steady revenue growth, though these are offset by tempered expectations around merger activity and company strategic direction.

Shared on 22 Oct 25

Fair value Decreased 2.99%

Analysts have lowered their fair value estimate for First Horizon from $25.07 to $24.32 per share. They note that tempered growth expectations and ongoing uncertainty around the company's M&A strategy are key factors in the revision.

Shared on 08 Oct 25

Fair value Increased 1.23%

First Horizon's analyst price target has increased slightly to $25.07 from $24.77, as analysts cite improving profitability prospects, resilient revenue growth, and cost efficiencies reflected in recent earnings and industry outlook updates. Analyst Commentary Recent analyst research on First Horizon reflects a balanced view, with several optimistic highlights countered by some valuation-related caution.

Shared on 24 Sep 25

Fair value Increased 0.51%

First Horizon’s slightly higher analyst price target reflects improved earnings forecasts driven by lower expenses, an improving regulatory environment, and expectations for stabilized loan growth, partially offset by lingering macroeconomic uncertainties, resulting in a fair value increase from $24.64 to $24.77. Analyst Commentary Q2 earnings beat expectations, driven by lower expenses and provisions, leading to raised earnings forecasts for 2025 and 2026.

Shared on 07 May 25

Fair value Increased 14%

Shared on 30 Apr 25

Fair value Increased 0.51%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 23 Apr 25

Fair value Decreased 8.18%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Decreased 1.14%

AnalystConsensusTarget has increased revenue growth from 6.8% to 7.8%.

Shared on 09 Apr 25

Fair value Increased 2.81%

Shared on 02 Apr 25

Fair value Increased 0.17%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Decreased 1.41%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 10 Mar 25

Fair value Increased 5.42%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget Fair Value

US$25.25

4.8% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

4.97%

Banks revenue growth rate

0.26%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

7.11%

Calculation

US$1.03b

Earnings '28

x

12.40x

PE Ratio '28

=

US$12.82b

Market Cap '28

US$12.82b

Market Cap '28

/

413.82m

No. shares '28

=

US$30.97

Share Price '28

US$30.97 Share Price '28

Discounted to 2025 @ 7.12% p.a.

=

US$25.20

Fair Value '25