First Horizon Future Growth

Future criteria checks 1/6

First Horizon is forecast to grow earnings and revenue by 3.8% and 4.3% per annum respectively. EPS is expected to grow by 9.1% per annum. Return on equity is forecast to be 12.4% in 3 years.

Key information

3.8%

Earnings growth rate

9.06%

EPS growth rate

Banks earnings growth	8.4%
Revenue growth rate	4.3%
Future return on equity	12.39%
Analyst coverage	Good
Last updated	16 Apr 2026

Recent future growth updates

Recent updates

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

Aug 27 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

Earnings and Revenue Growth Forecasts

NYSE:FHN - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	3,858	1,140	N/A	N/A	1
12/31/2027	3,708	1,058	N/A	N/A	12
12/31/2026	3,563	1,022	N/A	N/A	12
3/31/2026	3,429	1,000	N/A	N/A	N/A
12/31/2025	3,354	956	595	628	N/A
9/30/2025	3,184	856	380	423	N/A
6/30/2025	3,083	816	971	1,012	N/A
3/31/2025	3,043	767	736	779	N/A
12/31/2024	3,040	738	1,224	1,268	N/A
9/30/2024	3,071	757	1,401	1,442	N/A
6/30/2024	2,947	673	1,707	1,751	N/A
3/31/2024	2,942	806	2,164	2,206	N/A
12/31/2023	2,982	865	1,262	1,299	N/A
9/30/2023	3,070	947	910	939	N/A
6/30/2023	3,215	1,076	986	1,009	N/A
3/31/2023	3,173	924	1,505	1,528	N/A
12/31/2022	3,112	868	2,263	2,291	N/A
9/30/2022	3,063	829	2,430	2,459	N/A
6/30/2022	3,095	795	1,198	1,244	N/A
3/31/2022	3,278	924	318	371	N/A
12/31/2021	3,380	962	672	725	N/A
9/30/2021	3,548	977	944	1,013	N/A
6/30/2021	3,298	1,277	1,627	1,690	N/A
3/31/2021	2,793	1,035	2,576	2,636	N/A
12/31/2020	2,118	822	114	172	N/A
9/30/2020	1,796	705	-215	-160	N/A
6/30/2020	1,658	291	-78	-20	N/A
3/31/2020	1,716	348	-742	-692	N/A
12/31/2019	1,819	435	N/A	830	N/A
9/30/2019	1,737	414	N/A	1,082	N/A
6/30/2019	1,931	575	N/A	538	N/A
3/31/2019	1,919	547	N/A	561	N/A
12/31/2018	1,935	539	N/A	234	N/A
9/30/2018	1,897	390	N/A	152	N/A
6/30/2018	1,582	187	N/A	461	N/A
3/31/2018	1,474	196	N/A	-162	N/A
12/31/2017	1,343	159	N/A	-29	N/A
9/30/2017	1,291	265	N/A	134	N/A
6/30/2017	1,284	261	N/A	-240	N/A
3/31/2017	1,271	227	N/A	223	N/A
12/31/2016	1,267	221	N/A	180	N/A
9/30/2016	1,243	215	N/A	-108	N/A
6/30/2016	1,196	210	N/A	233	N/A
3/31/2016	1,173	204	N/A	397	N/A
12/31/2015	1,152	80	N/A	367	N/A
9/30/2015	1,123	80	N/A	327	N/A
6/30/2015	1,153	67	N/A	425	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FHN's forecast earnings growth (3.8% per year) is above the savings rate (3.4%).

Earnings vs Market: FHN's earnings (3.8% per year) are forecast to grow slower than the US market (16% per year).

High Growth Earnings: FHN's earnings are forecast to grow, but not significantly.

Revenue vs Market: FHN's revenue (4.3% per year) is forecast to grow slower than the US market (10.9% per year).

High Growth Revenue: FHN's revenue (4.3% 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 (12.4%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/04/19 08:44
End of Day Share Price	2026/04/17 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analyst	Institution
David George	Baird
Jason Goldberg	Barclays
Jared David Shaw	Barclays

First Horizon Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

First Horizon Corporation Maintains Revenue Guidance for the Full Year 2025

Price target increased by 7.3% to US$19.10

Recent updates

First quarter 2026 earnings: EPS exceeds analyst expectations

First Horizon Q1 Review: Credit Quality Remains Resilient

First Horizon Bank Appoints Rite Moisio as Director of Private Client Banking for the New Orleans Market

First Horizon Corporation to Report Q1, 2026 Results on Apr 15, 2026

First Horizon Corporation, Annual General Meeting, Apr 28, 2026

Upcoming dividend of US$0.17 per share

Full year 2025 earnings: EPS and revenues exceed analyst expectations

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

First Horizon Corporation Appoints Leilani Farol as Chief Information Security Officer

Fourth quarter dividend increased to US$0.17

First Horizon Corporation Declares Quarterly Cash Dividend on Common Stock, Payable on April 1, 2026

Full year 2025 earnings: EPS and revenues exceed analyst expectations

First Horizon Corporation Announces Leadership Promotions in Louisiana, Texas and Georgia

Now 20% undervalued

First Horizon Corporation to Report Q4, 2025 Results on Jan 15, 2026

Upcoming dividend of US$0.15 per share

Third quarter dividend of US$0.15 announced

First Horizon Corporation Announces Executive Changes

First Horizon Corporation Appoints Kimberley Wolterstorff Gregorie as Senior Vice President, Head of Consumer Sales

First Horizon Corporation (NYSE:FHN) announces an Equity Buyback for $1,200 million worth of its shares.

First Horizon Corporation Maintains Revenue Guidance for the Full Year 2025

First Horizon Corporation Reports Net Charge-Offs for the Third Quarter September 30, 2025

First Horizon Corporation to Report Q3, 2025 Results on Oct 15, 2025

First Horizon Corporation and First Horizon Bank Appoint Michael Moehn to Its Board of Directors

First Horizon Corporation Appoints Shaun Mcdougall as Head of Consumer Banking

First Horizon Announces Charlotte Hub Relocation to the Queen City's South End

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

Second quarter dividend of US$0.15 announced

First Horizon Corporation Declares Quarterly Cash Dividend, Payable on October 1, 2025

Insider notifies of intention to sell stock

Second quarter 2025 earnings: EPS exceeds analyst expectations

First Horizon Corporation to Report Q2, 2025 Results on Jul 16, 2025

Upcoming dividend of US$0.15 per share

First quarter dividend of US$0.15 announced

First Horizon Corporation Declares Quarterly Cash Dividend, Payable on July 1, 2025

First quarter 2025 earnings: EPS exceeds analyst expectations

First Horizon: Better Banks Available At This Valuation

Investor sentiment deteriorates as stock falls 16%

First Horizon Corporation to Report Q1, 2025 Results on Apr 16, 2025

Investor sentiment deteriorates as stock falls 15%

Upcoming dividend of US$0.15 per share

Full year 2024 earnings: EPS misses analyst expectations

First Horizon Corporation and First Horizon Bank Announces Retirement of Rosa Sugrañes as Director

Fourth quarter dividend of US$0.15 announced

First Horizon Corporation, Annual General Meeting, Apr 29, 2025

First Horizon Corporation Declares Quarterly Cash Dividend on Common Stock, Payable on April 1, 2025

First Horizon Corporation and First Horizon Bank Announce Election of Jeffrey J. Brown as Board of Directors

Chairman notifies of intention to sell stock

Full year 2024 earnings: EPS misses analyst expectations

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

First Horizon Corporation to Report Q4, 2024 Results on Jan 16, 2025

Upcoming dividend of US$0.15 per share

First Horizon Corporation Announces Executive Changes

Insider recently sold US$2.0m worth of stock

Third quarter dividend of US$0.15 announced

First Horizon Corporation (NYSE:FHN) announces an Equity Buyback for $1,000 million worth of its shares.

First Horizon Corp Announces Executive Changes

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

Price target increased by 7.3% to US$19.10

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

First Horizon: A Double Downgrade Is In Order

First Horizon Corporation to Report Q3, 2024 Results on Oct 16, 2024

Upcoming dividend of US$0.15 per share

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

Second quarter dividend of US$0.15 announced

First Horizon Corporation Declares Quarterly Cash Dividend, Payable on October 1, 2024

First Horizon Needs To Transition From Stabilization To Growth

Second quarter 2024 earnings: EPS misses analyst expectations

First Horizon Corporation to Report Q2, 2024 Results on Jul 17, 2024

Upcoming dividend of US$0.15 per share

First Horizon Corporation: A Historic Bank At A Discount

First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

First quarter dividend of US$0.15 announced