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First Horizon CorporationNYSE:FHN Stock Report

Market Cap US$11.9b
Share Price
US$24.89
US$26.84
7.3% undervalued intrinsic discount
1Y31.8%
7D2.8%
Portfolio Value
View

First Horizon Corporation

NYSE:FHN Stock Report

Market Cap: US$11.9b

First Horizon (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
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends5/6

FHN Community Fair Values

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See what 9 others think this stock is worth. Follow their fair value or set your own to get alerts.

First Horizon Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for First Horizon
Historical stock prices
Current Share PriceUS$24.89
52 Week HighUS$26.56
52 Week LowUS$18.44
Beta0.63
1 Month Change8.31%
3 Month Change1.63%
1 Year Change31.76%
3 Year Change127.51%
5 Year Change29.97%
Change since IPO2,213.03%

Recent News & Updates

FHN: Normalized Yield Curve And Capital Actions Will Shape Future Returns

The analyst price target for First Horizon has shifted modestly higher to about $26.84, up roughly $0.32. Analysts are balancing recent target cuts from several firms with support from others citing a solid profitability outlook and a more normalized yield curve.

First Horizon Q1 Review: Credit Quality Remains Resilient

Apr 16

Recent updates

FHN: Normalized Yield Curve And Capital Actions Will Shape Future Returns

The analyst price target for First Horizon has shifted modestly higher to about $26.84, up roughly $0.32. Analysts are balancing recent target cuts from several firms with support from others citing a solid profitability outlook and a more normalized yield curve.

First Horizon Q1 Review: Credit Quality Remains Resilient

Apr 16

FHN: Yield Curve, Capital Returns And Margin Risks Will Shape Future Returns

The analyst price target for First Horizon has been trimmed by about $0.83. The shift reflects more cautious assumptions on revenue growth and profit margins after several recent target cuts and a downgrade, partly offset by earlier target hikes from other firms.

FHN: Normalized Yield Curve And Loan Trends Will Drive Future Returns

The analyst price target for First Horizon has been revised modestly higher to reflect a cluster of Street upgrades toward the high $20s. Analysts are pointing to a more normalized yield curve, expectations for steadier regional bank fundamentals, and supportive loan and revenue trends as key drivers behind their updated views.

FHN: Normalized Yield Curve Will Drive Future Returns Over Credit Risk

The analyst price target for First Horizon edges higher to about $27.53, as analysts point to a more "normalized" yield curve, expectations for solid loan and revenue trends, and a generally constructive view on regional bank fundamentals as key supports for the updated outlook. Analyst Commentary Street research on First Horizon has been active, with a series of upward price target revisions clustered around the mid to high US$20s.

FHN: Future Returns Will Balance Sector Tailwinds With Ongoing Credit Risk

Analysts have raised their average price targets on First Horizon by a few dollars, into the mid to high $20s. This reflects updated views on regional bank fundamentals, loan and revenue trends, and valuation within the group.

First Horizon (NYSE:FHN) Is Increasing Its Dividend To $0.17

Feb 11
First Horizon (NYSE:FHN) Is Increasing Its Dividend To $0.17

FHN: Future Returns Will Reflect Sector Tailwinds Buybacks And Credit Risk

Analysts have nudged their price target for First Horizon higher to about $27.50, reflecting slightly stronger profit margin assumptions, a modestly lower future P/E and supportive views on regional bank fundamentals from recent research updates. Analyst Commentary Recent research updates cluster around a similar view, with multiple firms lifting their price targets into the mid to high $20s while keeping a mix of positive and neutral ratings.

FHN: Future Returns Will Reflect Buybacks And Credit And 2026 Outlook

Narrative Update on First Horizon Analysts have nudged their First Horizon fair value estimate higher to $27.32 from $26.51, citing a slightly lower discount rate, modestly softer revenue growth and margin assumptions, and a reduced forward P/E multiple that is aligned with a series of recent price target increases across the Street. Analyst Commentary Recent research updates show a cluster of price target increases for First Horizon, with targets now generally in the mid to high $20s and ratings that range from Hold to Outperform and Buy.

FHN: Future Returns Will Reflect Buybacks And Evolving M&A And 2026 Outlook

Analysts have nudged their average price targets on First Horizon higher to align with a move from about US$25.25 to roughly US$26.51, citing updated views on 2026 loan growth, expense discipline, mid cap bank rerating potential, and a slightly higher forward P/E assumption supported by recent target hikes across several research firms. Analyst Commentary Recent research on First Horizon shows a mix of optimism and caution, with updated targets clustered in the low to high US$20s and a clear focus on 2026 earnings power, loan growth, and the bank's potential role in merger and acquisition activity.

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.

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.

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

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.

Cost Discipline And Organic Mortgage Opportunities Will Secure Robust Performance

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.

Cost Discipline And Organic Mortgage Opportunities Will Secure Robust Performance

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.

First Horizon's (NYSE:FHN) Dividend Will Be $0.15

Aug 13
First Horizon's (NYSE:FHN) Dividend Will Be $0.15

First Horizon: Better Banks Available At This Valuation

Apr 07

First Horizon: What's Next After A Meaningful Re-Rating?

Dec 31

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

Oct 19

First Horizon: A Double Downgrade Is In Order

Oct 11
User avatar

Decisive Deposit Management And Loan Focus Propel Bank's Profit Margins Amid Challenges

Focusing on high-yield loan segments and managing deposit costs effectively can enhance profitability and support margin expansion.

First Horizon Needs To Transition From Stabilization To Growth

Jul 23

First Horizon Corporation: A Historic Bank At A Discount

May 21

Shareholder Returns

FHNUS BanksUS Market
7D2.8%1.2%0.8%
1Y31.8%26.9%27.7%

Return vs Industry: FHN exceeded the US Banks industry which returned 30.7% over the past year.

Return vs Market: FHN exceeded the US Market which returned 28.7% over the past year.

Price Volatility

Is FHN's price volatile compared to industry and market?
FHN volatility
FHN Average Weekly Movement3.8%
Banks Industry Average Movement3.5%
Market Average Movement7.2%
10% most volatile stocks in US Market16.2%
10% least volatile stocks in US Market3.3%

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 (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18647,369D. Jordanwww.firsthorizon.com

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. It operates through Regional Banking, Specialty Banking, and Corporate segments. The company offers commercial banking, business banking, consumer banking, private client investment, wealth management, financial planning, trust and asset management services, asset-based lending, commercial real estate, equipment finance/leasing, energy finance, international banking, healthcare finance, transportation and logistics finance, treasury management solutions, and loan syndications services.

First Horizon Corporation Fundamentals Summary

How do First Horizon's earnings and revenue compare to its market cap?
FHN fundamental statistics
Market capUS$11.88b
Earnings (TTM)US$1.00b
Revenue (TTM)US$3.43b
11.8x
P/E Ratio
1.4x
P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FHN income statement (TTM)
RevenueUS$3.43b
Cost of RevenueUS$0
Gross ProfitUS$3.43b
Other ExpensesUS$2.43b
EarningsUS$1.00b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)2.10
Gross Margin100.00%
Net Profit Margin29.16%
Debt/Equity Ratio58.0%

How did FHN perform over the long term?

See historical performance and comparison

Dividends

2.7%
Current Dividend Yield
31%
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 DateJun 12 2026
Dividend Pay DateJul 01 2026
Days until Ex dividend41 days
Days until Dividend pay date60 days

Does FHN pay a reliable dividends?

See FHN dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/01 05:42
End of Day Share Price 2026/05/01 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Horizon Corporation is covered by 39 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David GeorgeBaird
Jason GoldbergBarclays
Jared David ShawBarclays