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First Horizon NYSE:FHN Stock Report

Last Price

US$19.87

Market Cap

US$10.7b

7D

-1.3%

1Y

63.5%

Updated

20 Nov, 2024

Data

Company Financials +

First Horizon Corporation

NYSE:FHN Stock Report

Market Cap: US$10.7b

FHN Stock Overview

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

FHN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends5/6

Rewards

Trading at 46.7% below our estimate of its fair value

Earnings are forecast to grow 7.49% per year

Pays a reliable dividend of 3.02%

Risk Analysis

Significant insider selling over the past 3 months


Community Narratives

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Narratives bring a range of perspectives from our community.

WA
WarrenAI
Based on Analyst Price Targets

Shifting Strategies And Technological Advancements Poised To Drive Growth And Stability

Key Takeaways Strategic focus on client growth and expense discipline may enhance revenue, net margins, and future earnings. Investment in technology and optimized staffing could lead to improved operational efficiencies and shareholder value.
View narrative
US$19.70
FV
0.9% overvalued intrinsic discount
6.31%
Revenue growth p.a.
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Updated narrative

First Horizon Corporation Competitors

Zions Bancorporation National Association

NasdaqGS:ZION

US$8.7b

Synovus Financial

NYSE:SNV

US$7.8b

Commerce Bancshares

NasdaqGS:CBSH

US$9.2b

Pinnacle Financial Partners

NasdaqGS:PNFP

US$9.4b

Price History & Performance

Summary of all time highs, changes and price drops for First Horizon
Historical stock prices
Current Share PriceUS$19.87
52 Week HighUS$20.53
52 Week LowUS$11.87
Beta0.88
11 Month Change16.06%
3 Month Change25.05%
1 Year Change63.54%
33 Year Change14.72%
5 Year Change23.49%
Change since IPO1,746.52%

Recent News & Updates

First Horizon (NYSE:FHN) Has Affirmed Its Dividend Of $0.15

Nov 02
First Horizon (NYSE:FHN) Has Affirmed Its Dividend Of $0.15

First Horizon: Solid Q3 Results Leave Shares With More Upside Potential

Oct 19

Recent updates

First Horizon (NYSE:FHN) Has Affirmed Its Dividend Of $0.15

Nov 02
First Horizon (NYSE:FHN) Has Affirmed Its Dividend Of $0.15

First Horizon: Solid Q3 Results Leave Shares With More Upside Potential

Oct 19

First Horizon: A Double Downgrade Is In Order

Oct 11

First Horizon (NYSE:FHN) Has Announced A Dividend Of $0.15

Jul 28
First Horizon (NYSE:FHN) Has Announced A Dividend Of $0.15

First Horizon Needs To Transition From Stabilization To Growth

Jul 23

First Horizon Corporation: A Historic Bank At A Discount

May 21

First Horizon (NYSE:FHN) Is Paying Out A Dividend Of $0.15

Apr 28
First Horizon (NYSE:FHN) Is Paying Out A Dividend Of $0.15

First Horizon: Strong Capital Position And Growth Prospects

Dec 19

First Horizon: A 2024 Buyback Can Lift Shares

Dec 10

First Horizon Makes For A Strong Prospect Heading Into Third Quarter Earnings

Oct 11

First Horizon: Good Bank And Healthy Dividend But Questionable Liquidity

Sep 30

Moon Capital - First Horizon: Balance Sheet Capacity Sets It Apart

Jul 26

First Horizon: 7.5% Dividend Yield For 87 Cents On The Dollar With The Preferreds

Jul 12

First Horizon National declares $0.15 dividend

Jan 24

First Horizon National Q4 2022 Earnings Preview

Jan 17

Shareholder Returns

FHNUS BanksUS Market
7D-1.3%-0.9%-1.0%
1Y63.5%53.3%30.3%

Return vs Industry: FHN exceeded the US Banks industry which returned 53.3% over the past year.

Return vs Market: FHN exceeded the US Market which returned 30.3% over the past year.

Price Volatility

Is FHN's price volatile compared to industry and market?
FHN volatility
FHN Average Weekly Movement5.9%
Banks Industry Average Movement5.1%
Market Average Movement6.2%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market3.1%

Stable Share Price: FHN has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FHN's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18647,200D. Jordanwww.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 fundamental statistics
Market capUS$10.66b
Earnings (TTM)US$757.00m
Revenue (TTM)US$3.07b

13.9x

P/E Ratio

1.2x

P/B Ratio

Is FHN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FHN income statement (TTM)
RevenueUS$3.07b
Cost of RevenueUS$0
Gross ProfitUS$3.07b
Other ExpensesUS$2.31b
EarningsUS$757.00m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.43
Gross Margin100.00%
Net Profit Margin24.65%
Debt/Equity Ratio46.2%

How did FHN perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

43%

Payout Ratio

Does FHN pay a reliable dividends?

See FHN dividend history and benchmarks
When do you need to buy FHN by to receive an upcoming dividend?
First Horizon dividend dates
Ex Dividend DateDec 13 2024
Dividend Pay DateJan 02 2025
Days until Ex dividend22 days
Days until Dividend pay date42 days

Does FHN pay a reliable dividends?

See FHN dividend history and benchmarks