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

FHN Stock Overview

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

FHN fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	6/6

Rewards

Trading at 55.3% below our estimate of its fair value

Earnings grew by 35.3% over the past year

Pays a high and reliable dividend of 5.43%

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 28%

Risk Analysis

Earnings are forecast to decline by an average of 15.8% per year for the next 3 years

Shareholders have been diluted in the past year

First Horizon Corporation Competitors

Cullen/Frost Bankers

NYSE:CFR

US$5.8b

Commerce Bancshares

NasdaqGS:CBSH

US$5.9b

New York Community Bancorp

NYSE:NYCB

US$8.1b

Pinnacle Financial Partners

NasdaqGS:PNFP

US$5.0b

Price History & Performance

Summary of all time highs, changes and price drops for First Horizon
Historical stock prices
Current Share Price	US$11.06
52 Week High	US$24.92
52 Week Low	US$8.99
Beta	0.96
1 Month Change	-9.49%
3 Month Change	-0.81%
1 Year Change	-52.14%
3 Year Change	19.96%
5 Year Change	-35.43%
Change since IPO	218.62%

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

Recent updates

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 Non-GAAP EPS of $0.44 beats by $0.01, revenue of $875M beats by $55.17M

Oct 18

First Horizon sells Lenders Title Group

Aug 16

First Horizon National declares $0.15 dividend

Jul 26

First Horizon National Q2 2022 Earnings Preview

Jul 19

Playing The First Horizon-TD Bank Merger (Part 1)

Jul 09

TD Bank Sees The Potential And Strategy Value In First Horizon, And Pays Up To Get It

Feb 28

The Frustrating Wait For Positive Differentiation From First Horizon Goes On

Feb 04

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

Jan 29

First Horizon: Net Interest Income Growth To Counter Lower Net Provision Reversals

Dec 26

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

Oct 30

First Horizon: A Mediocre Outlook Without A Steeper Yield Curve

Oct 11

If You Like EPS Growth Then Check Out First Horizon (NYSE:FHN) Before It's Too Late

Oct 04

First Horizon (NYSE:FHN) Is Due To Pay A Dividend Of US$0.15

Sep 08

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

Aug 14

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

Jul 31

First Horizon Undervalued, But Really Needs To Show Differentiated Growth To Re-Rate

Jul 22

First Horizon: Sustainable Yield Plus Favorable Relative Valuation

Jul 14

Does First Horizon (NYSE:FHN) Deserve A Spot On Your Watchlist?

Jul 02

First Horizon National declares $0.15 dividend

Apr 27

Shareholder Returns

	FHN	US Banks	US Market
7D	-1.7%	-3.7%	-3.8%
1Y	-52.1%	-4.0%	15.1%

Return vs Industry: FHN underperformed the US Banks industry which returned -4% over the past year.

Return vs Market: FHN underperformed the US Market which returned 15.1% over the past year.

Price Volatility

Is FHN's price volatile compared to industry and market?
FHN volatility
FHN Average Weekly Movement	4.0%
Banks Industry Average Movement	4.1%
Market Average Movement	5.5%
10% most volatile stocks in US Market	14.2%
10% least volatile stocks in US Market	2.6%

Stable Share Price: FHN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FHN's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1864	7,300	D. Jordan	https://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 three segments: Regional Banking, Specialty Banking, and Corporate. 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 Cap	US$6.18b
Earnings (TTM)	US$1.08b
Revenue (TTM)	US$3.22b

5.7x

P/E Ratio

0.8x

P/B Ratio

Is FHN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FHN income statement (TTM)
Revenue	US$3.22b
Cost of Revenue	US$0
Gross Profit	US$3.22b
Other Expenses	US$2.14b
Earnings	US$1.08b

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

Oct 18, 2023

Earnings per share (EPS)	1.93
Gross Margin	100.00%
Net Profit Margin	33.47%
Debt/Equity Ratio	100.8%

How did FHN perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

30%

Payout Ratio

FHN Stock Overview

Rewards

Risk Analysis

First Horizon Corporation Competitors

NYSE:CFR

US$5.8b

NasdaqGS:CBSH

US$5.9b

NYSE:NYCB

US$8.1b

NasdaqGS:PNFP

US$5.0b

Price History & Performance

Recent News & Updates

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

Upcoming dividend of US$0.15 per share at 5.0% yield

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

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

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

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

Recent updates

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

Upcoming dividend of US$0.15 per share at 5.0% yield

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

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

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

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.

Investor sentiment deteriorates as stock falls 43%

Price target decreased by 8.7% to US$22.83

Price target decreased by 8.7% to US$22.83

First quarter 2023 earnings: EPS misses analyst expectations

Investor sentiment deteriorates as stock falls 24%

Upcoming dividend of US$0.15 per share at 2.8% yield

Chairman & CEO exercised options to buy US$976k worth of stock.

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

First Horizon National declares $0.15 dividend

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

First Horizon National Q4 2022 Earnings Preview

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

Upcoming dividend of US$0.15 per share

President of Specialty Banking exercised options and sold US$1.0m worth of stock

Senior EVP & COO notifies of intention to sell stock

Senior EVP & COO exercised options and sold US$260k worth of stock

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

First Horizon National declares $0.15 dividend

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

First Horizon National Non-GAAP EPS of $0.44 beats by $0.01, revenue of $875M beats by $55.17M

Upcoming dividend of US$0.15 per share

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

First Horizon sells Lenders Title Group

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 National declares $0.15 dividend

Second quarter 2022 earnings: EPS misses analyst expectations

First Horizon National Q2 2022 Earnings Preview

Playing The First Horizon-TD Bank Merger (Part 1)

Executive Chairman of the Board exercised options and sold US$801k worth of stock

President of Regional Banking exercised options and sold US$1.3m worth of stock

Upcoming dividend of US$0.15 per share

Price target increased to US$25.00

First quarter 2022 earnings: EPS exceeds analyst expectations

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

First quarter 2022 earnings: EPS exceeds analyst expectations

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

Price target increased to US$23.90

Full year 2021 earnings: Revenues in line with analyst expectations

Upcoming dividend of US$0.15 per share

Price target increased to US$22.05

Investor sentiment improved over the past week

TD Bank Sees The Potential And Strategy Value In First Horizon, And Pays Up To Get It

Executive Chairman of the Board exercised options and sold US$909k worth of stock

The Frustrating Wait For Positive Differentiation From First Horizon Goes On

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

Full year 2021 earnings: EPS exceeds analyst expectations