Inside the research
First Horizon Corporation
FHN Research profile · latest available data
Price overview
$23.46
▲ +0.28 (+1.2%)
| 52w hi | $26.04 |
|---|---|
| 52w lo | $19.40 |
| Vol | 4.18M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.05
| Short | -0.22 |
|---|---|
| Medium | -0.04 |
| Long | +0.28 |
computed 2026-09-27
Key fundamentals
First Horizon Corporation
Financial Services · Banks - Regional
| Market cap | $11.11B |
|---|---|
| Enterprise value | $12.32B |
| Trailing P/E | 11.28x |
| Forward P/E | 10.14x |
| P / S (ttm) | 3.17x |
| Profit margin | 30.2% |
| Return on equity | 11.5% |
| Revenue growth | +9.0% |
| Earnings growth | +20.0% |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.35 | |
| Sector | +0.02 | |
| Technical | -0.16 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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. It also provides fixed income securities sales, trading, underwriting, and strategies for institutional clients; loan sales; portfolio advisory services; derivative sales; mortgage warehouse lending; franchise finance; corporate and correspondent banking; and mortgage origination services. Further, it provides transaction processing services, credit card products, and sale of mutual funds. First Horizon Corporation was formerly known as First Horizon National Corporation and changed its name to First Horizon Corporation in April 2004. The company was founded in 1864 and is headquartered in Memphis, Tennessee.
Risk Metrics
| Beta vs SPX | 1.12 |
|---|---|
| Corr SPX | 0.59 |
| Annual vol | 30.8% |
| Annual ret | +24.0% |
| Sharpe | 0.78 |
| Max DD | -27.7% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $26.84 |
|---|---|
| High / Low | $30.00 / $25.00 |
| Median | $26.00 |
| Analysts | 19 |
| Strong Buy | 3 | |
|---|---|---|
| Buy | 5 | |
| Hold | 11 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-04-16 | Keefe, Bruyette & Woods | → Market Perform |
| 2026-04-16 | DA Davidson | → Neutral |
| 2026-04-07 | UBS | → Neutral |
| 2026-04-07 | Barclays | → Overweight |
| 2026-04-06 | Evercore ISI Group | → In-Line |
| 2026-04-01 | JP Morgan | → Neutral |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-28 | Bylaws Amendment, Exhibits | read |
| 2026-07-15 | Earnings Release, Reg FD Disclosure… | read |
| 2026-04-29 | Bylaws Amendment, Shareholder Vote | read |
| 2026-04-15 | Earnings Release, Reg FD Disclosure… | read |
| 2026-03-12 | 3.03, Bylaws Amendment… | read |
| 2026-01-15 | Earnings Release, Reg FD Disclosure… | read |
| 2025-10-28 | Officer / Director Change, Bylaws Amendment… | read |
| 2025-10-15 | Earnings Release, Reg FD Disclosure… | read |
| 2025-08-21 | Officer / Director Change, Bylaws Amendment… | read |
| 2025-08-07 | Officer / Director Change | read |
| 2025-07-16 | Earnings Release, Reg FD Disclosure… | read |
| 2025-04-30 | Shareholder Vote | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-05-12 | Fleming Jeff L. | EVP & Chief Accounting Of | Withheld for tax | 980 | $23.42K |
| 2026-05-12 | Fleming Jeff L. | EVP & Chief Accounting Of | Withheld for tax | 737 | $17.61K |
| 2026-05-12 | Dmuchowski Hope | Sr. EVP & CFO | Withheld for tax | 9.81K | $234.55K |
| 2026-05-12 | Argo Ashley W | Sr EVP, Chief Risk Office | Withheld for tax | 599 | $14.32K |
| 2026-05-12 | Argo Ashley W | Sr EVP, Chief Risk Office | Withheld for tax | 406 | $9.70K |
| 2026-05-12 | Hung Thomas | Sr EVP & Chief Credit Off | Withheld for tax | 408 | $9.75K |
| 2026-05-12 | Hung Thomas | Sr EVP & Chief Credit Off | Withheld for tax | 360 | $8.60K |
| 2026-05-12 | ARDOIN ELIZABETH A | SEVP, Chief Communication | Withheld for tax | 9.88K | $236.11K |
| 2026-05-12 | JORDAN D BRYAN | Chairman, President & CEO | Withheld for tax | 46.27K | $1.11M |
| 2026-05-12 | Hart Tanya L | SEVP & Chief Human Rsrce | Withheld for tax | 4.91K | $117.28K |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 9 |
| Top-5 share | 88.6% |
| HHI | 1,930 (moderate) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $474.64M | 18.39M |
| AQR Capital Management | $224.86M | 8.83M |
| Citadel Advisors | $214.23M | 8.36M |
| Millennium Management | $197.01M | 7.68M |
| Fidelity / FMR LLC | $164.83M | 6.43M |
| Capital Research / Capital World | $99.60M | 3.88M |
| Bridgewater Associates | $41.88M | 1.63M |
| Renaissance Technologies | $22.32M | 870.61K |
| T. Rowe Price Group | $11.72K | 457.04K |
As of 2026-06-30
Dividends
| Yield (TTM) | 1.36% |
|---|---|
| $ / share (TTM) | $0.32 |
| 5y CAGR | +0.0% |
Annual dividend per share
| 2021 | $0.60 |
|---|---|
| 2022 | $0.60 |
| 2023 | $0.60 |
| 2024 | $0.60 |
| 2025 | $0.60 |
| 2026 | $0.17 |
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $3.19B | +8.6% | |
| Net income | $982.00M | +25.7% | |
| Cash from ops | $628.00M | -12.7% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $23.25 | $23.55 | $23.22 | $23.46 | 4.18M |
| Sep 24 | $23.07 | $23.22 | $22.89 | $23.18 | 4.01M |
| Sep 23 | $23.29 | $23.53 | $23.01 | $23.02 | 4.58M |
| Sep 22 | $24.01 | $24.10 | $23.32 | $23.34 | 5.80M |
| Sep 21 | $24.12 | $24.12 | $23.89 | $23.93 | 3.84M |
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