FHN Stock Overview
First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services.
First Horizon Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$23.11|
|52 Week High||US$24.24|
|52 Week Low||US$14.67|
|1 Month Change||5.29%|
|3 Month Change||4.15%|
|1 Year Change||48.24%|
|3 Year Change||46.73%|
|5 Year Change||34.67%|
|Change since IPO||565.76%|
Recent News & Updates
First Horizon sells Lenders Title Group
Lenders Title, a subsidiary of First Horizon (NYSE:FHN), has been acquired by Knox-Precision Holdings. Terms of the deal were not disclosed. Lenders Title is a title insurance agency, operating in Arkansas, Louisiana and Tennessee regions.
First Horizon National declares $0.15 dividend
First Horizon National (NYSE:FHN) declared $0.15/share quarterly dividend, in line with previous. Forward yield 2.69% Payable Oct. 3; for shareholders of record Sept. 9; ex-div Sept. 8. See FHN Dividend Scorecard, Yield Chart, & Dividend Growth.
|FHN||US Banks||US Market|
Return vs Industry: FHN exceeded the US Banks industry which returned -8.2% over the past year.
Return vs Market: FHN exceeded the US Market which returned -9% over the past year.
|FHN Average Weekly Movement||2.5%|
|Banks Industry Average Movement||3.6%|
|Market Average Movement||7.6%|
|10% most volatile stocks in US Market||17.1%|
|10% least volatile stocks in US Market||3.1%|
Stable Share Price: FHN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: FHN's weekly volatility (3%) has been stable over the past year.
About the Company
First 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.
First Horizon Fundamentals Summary
|FHN fundamental statistics|
Is FHN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FHN income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 18, 2022
|Earnings per share (EPS)||1.48|
|Net Profit Margin||25.47%|
How did FHN perform over the long term?See historical performance and comparison
2.6%Current Dividend Yield
Does FHN pay a reliable dividends?See FHN dividend history and benchmarks
|First Horizon dividend dates|
|Ex Dividend Date||Sep 08 2022|
|Dividend Pay Date||Oct 03 2022|
|Days until Ex dividend||19 days|
|Days until Dividend pay date||44 days|
Does FHN pay a reliable dividends?See FHN dividend history and benchmarks
Is FHN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FHN?
Other financial metrics that can be useful for relative valuation.
|What is FHN's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FHN's PE Ratio compare to its peers?
|FHN PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
SBNY Signature Bank
WAL Western Alliance Bancorporation
FCNC.A First Citizens BancShares
EWBC East West Bancorp
FHN First Horizon
Price-To-Earnings vs Peers: FHN is expensive based on its Price-To-Earnings Ratio (15.6x) compared to the peer average (12.6x).
Price to Earnings Ratio vs Industry
How does FHN's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: FHN is expensive based on its Price-To-Earnings Ratio (15.6x) compared to the US Banks industry average (10.1x)
Price to Earnings Ratio vs Fair Ratio
What is FHN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||15.6x|
|Fair PE Ratio||16.1x|
Price-To-Earnings vs Fair Ratio: FHN is good value based on its Price-To-Earnings Ratio (15.6x) compared to the estimated Fair Price-To-Earnings Ratio (16.1x).
Share Price vs Fair Value
What is the Fair Price of FHN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FHN ($23.11) is trading below our estimate of fair value ($43.2)
Significantly Below Fair Value: FHN is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is First Horizon forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FHN's forecast earnings growth (14.8% per year) is above the savings rate (1.9%).
Earnings vs Market: FHN's earnings (14.8% per year) are forecast to grow faster than the US market (14.4% per year).
High Growth Earnings: FHN's earnings are forecast to grow, but not significantly.
Revenue vs Market: FHN's revenue (7.8% per year) is forecast to grow slower than the US market (7.8% per year).
High Growth Revenue: FHN's revenue (7.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FHN's Return on Equity is forecast to be low in 3 years time (12.7%).
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How has First Horizon performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FHN has high quality earnings.
Growing Profit Margin: FHN's current net profit margins (25.5%) are lower than last year (38.7%).
Past Earnings Growth Analysis
Earnings Trend: FHN's earnings have grown significantly by 30.5% per year over the past 5 years.
Accelerating Growth: FHN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FHN had negative earnings growth (-37.7%) over the past year, making it difficult to compare to the Banks industry average (8.8%).
Return on Equity
High ROE: FHN's Return on Equity (9.8%) is considered low.
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How is First Horizon's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FHN's Assets to Equity ratio (10x) is low.
Allowance for Bad Loans: FHN has a sufficient allowance for bad loans (203%).
Low Risk Liabilities: 92% of FHN's liabilities are made up of primarily low risk sources of funding.
Loan Level: FHN has an appropriate level of Loans to Assets ratio (66%).
Low Risk Deposits: FHN's Loans to Deposits ratio (79%) is appropriate.
Level of Bad Loans: FHN has an appropriate level of bad loans (0.5%).
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What is First Horizon current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FHN's dividend (2.6%) is higher than the bottom 25% of dividend payers in the US market (1.48%).
High Dividend: FHN's dividend (2.6%) is low compared to the top 25% of dividend payers in the US market (3.99%).
Stability and Growth of Payments
Stable Dividend: FHN's dividends per share have been stable in the past 10 years.
Growing Dividend: FHN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (40.6%), FHN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FHN's dividends in 3 years are forecast to be well covered by earnings (31.8% payout ratio).
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
D. Jordan (60 yo)
Mr. D. Bryan Jordan has been Director of First Union Horizon Corporation (“First Horizon”) since 2008 and has been its Chief Executive Officer since September 2008. He served as President of First Horizon...
CEO Compensation Analysis
Compensation vs Market: D.'s total compensation ($USD8.41M) is below average for companies of similar size in the US market ($USD12.88M).
Compensation vs Earnings: D.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: FHN's management team is considered experienced (2.1 years average tenure).
Experienced Board: FHN's board of directors are considered experienced (7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
First Horizon Corporation's employee growth, exchange listings and data sources
- Name: First Horizon Corporation
- Ticker: FHN
- Exchange: NYSE
- Founded: 1864
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$12.401b
- Shares outstanding: 536.61m
- Website: https://www.firsthorizon.com
Number of Employees
- First Horizon Corporation
- 165 Madison Avenue
- 23th floor
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/18 00:00|
|End of Day Share Price||2022/08/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.