First Horizon (NYSE:FHN.PRE) - Stock Price, News & Analysis

FHN.PRE Stock Overview

Operates as the bank holding company for First Horizon Bank that provides various financial services.

FHN.PRE fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	1/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 37.2% below our estimate of its fair value

Earnings are forecast to grow 5.43% per year

Pays a reliable dividend of 3.75%

Risk Analysis

Large one-off items impacting financial results

First Horizon Corporation Competitors

Commerce Bancshares

NasdaqGS:CBSH

US$7.4b

Zions Bancorporation National Association

NasdaqGS:ZION

US$6.5b

Prosperity Bancshares

NYSE:PB

US$6.2b

Popular

NasdaqGS:BPOP

US$6.5b

Price History & Performance

Summary of all time highs, changes and price drops for First Horizon
Historical stock prices
Current Share Price	US$23.88
52 Week High	US$24.72
52 Week Low	US$18.19
Beta	0.95
1 Month Change	1.12%
3 Month Change	1.17%
1 Year Change	14.73%
3 Year Change	-13.50%
5 Year Change	n/a
Change since IPO	-2.83%

Recent updates

Shareholder Returns

	FHN.PRE	US Banks	US Market
7D	-0.1%	-1.4%	-0.2%
1Y	14.7%	37.6%	28.2%

Return vs Industry: FHN.PRE underperformed the US Banks industry which returned 36.8% over the past year.

Return vs Market: FHN.PRE underperformed the US Market which returned 27.7% over the past year.

Price Volatility

Is FHN.PRE's price volatile compared to industry and market?
FHN.PRE volatility
FHN.PRE Average Weekly Movement	2.3%
Banks Industry Average Movement	3.9%
Market Average Movement	5.9%
10% most volatile stocks in US Market	16.0%
10% least volatile stocks in US Market	2.8%

Stable Share Price: FHN.PRE has not had significant price volatility in the past 3 months.

Volatility Over Time: FHN.PRE's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1864	7,300	D. Jordan	www.firsthorizon.com

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through Regional Banking and Specialty Banking segments. It offers general banking services for consumers, businesses, financial institutions, and governments.

First Horizon Corporation Fundamentals Summary

How do First Horizon's earnings and revenue compare to its market cap?
FHN.PRE fundamental statistics
Market cap	US$8.89b
Earnings (TTM)	US$806.00m
Revenue (TTM)	US$2.94b

10.9x

P/E Ratio

1.0x

P/B Ratio

Is FHN.PRE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FHN.PRE income statement (TTM)
Revenue	US$2.94b
Cost of Revenue	US$0
Gross Profit	US$2.94b
Other Expenses	US$2.14b
Earnings	US$806.00m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.47
Gross Margin	100.00%
Net Profit Margin	27.40%
Debt/Equity Ratio	51.1%

How did FHN.PRE perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

41%

Payout Ratio

Does FHN.PRE pay a reliable dividends?

See FHN.PRE dividend history and benchmarks

When do you need to buy FHN.PRE by to receive an upcoming dividend?
First Horizon dividend dates
Ex Dividend Date	Jun 25 2024
Dividend Pay Date	Jul 10 2024
Days until Ex dividend	32 days
Days until Dividend pay date	47 days

Does FHN.PRE pay a reliable dividends?

See FHN.PRE dividend history and benchmarks

FHN.PRE Stock Overview

Rewards

Risk Analysis

First Horizon Corporation Competitors

NasdaqGS:CBSH

US$7.4b

NasdaqGS:ZION

US$6.5b

NYSE:PB

US$6.2b

NasdaqGS:BPOP

US$6.5b

Price History & Performance

Recent News & Updates

First Horizon Corporation Declares Cash Dividends on Common Stock, Payable on July 1, 2024

First Horizon Corporation Reports Unaudited Net Charge-Offs Results for the First Quarter of 2024

First Horizon Corporation Announces Executive Changes

First Horizon Corporation to Report Q1, 2024 Results on Apr 17, 2024

First Horizon Corporation, Annual General Meeting, Apr 23, 2024

First Horizon Corporation and First Horizon Bank Announce Board Changes

Recent updates

First Horizon Corporation Declares Cash Dividends on Common Stock, Payable on July 1, 2024

First Horizon Corporation Reports Unaudited Net Charge-Offs Results for the First Quarter of 2024

First Horizon Corporation Announces Executive Changes

First Horizon Corporation to Report Q1, 2024 Results on Apr 17, 2024

First Horizon Corporation, Annual General Meeting, Apr 23, 2024

First Horizon Corporation and First Horizon Bank Announce Board Changes

First Horizon Corporation to Report Q4, 2023 Results on Jan 18, 2024

First Horizon Corp Elects Velia Carboni to its Board

First Horizon Corporation and First Horizon Bank Announces Retirement of E. Stewart Shea, III as Board of Director

First Horizon Corporation to Report Q3, 2023 Results on Oct 18, 2023

Levi & Korsinsky, LLP Notifies First Horizon Corporation Investors of A Class Action Lawsuit and Upcoming Deadline

First Horizon Corporation to Report Q2, 2023 Results on Jul 19, 2023

New major risk - Revenue and earnings growth

Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of First Horizon Corporation Investors

First Horizon Corporation Reports Net Charge-Offs for the First Quarter of 2023

The Toronto-Dominion Bank (TSX:TD) cancelled the acquisition of First Horizon Corporation (NYSE:FHN) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc. and others.

First Horizon Corporation Declares Cash Dividend on Common Stock, Payable on April 3, 2023

First Horizon Corporation to Report Q4, 2022 Results on Jan 18, 2023

Kenneth A. Burdick Intends to Resign from the Boards of Directors of First Horizon Corporation and of First Horizon Bank Effective on or Before January 1, 2023

First Horizon Corporation Declares Quarterly Common Stock Dividend, Payable on January 3, 2023

Knox Capital Management LLC acquired Lenders Title Company from First Horizon Corporation (NYSE:FHN).

First Horizon Corporation Announces Resignation of Rajesh Subramaniam from the Boards of Directors

First Horizon Corporation Declares Quarterly Common Stock Dividend, Payable on October 3, 2022

First Horizon Corporation Declares Quarterly Common Stock Dividend, Payable on July 1, 2022

First Horizon Corporation Reports Net Charge-Offs for the First Quarter Ended March 31, 2022

First Horizon Corporation Announces Consolidated Net Charge-Offs for the Fourth Quarter of 2021

First Horizon Corporation(NYSE:FHN) dropped from Russell 1000 Defensive Index

First Horizon Corporation Declares Cash Dividends on Common Stock, Payable on July 1, 2021

First Horizon Corporation, Annual General Meeting, Apr 27, 2021

First Horizon Corporation to Report Q4, 2020 Results on Jan 22, 2021

First Horizon National Corporation Appoints Erin Pryor as Chief Marketing Officer

First Horizon National Corp Appoints Anthony C. Hood as Executive Vice President and Chief Diversity, Equity and Inclusion Officer, Effective November 2, 2020

First Horizon National Corporation to Report Q3, 2020 Results on Oct 23, 2020

Shareholder Returns

Price Volatility

About the Company

First Horizon Corporation Fundamentals Summary

10.9x

1.0x

Earnings & Revenue

Dividends

3.8%

41%