Summary of share price highs, lows and changes for First Horizon
Historical stock prices
Current Share Price	US$24.61
52 Week High	US$26.56
52 Week Low	US$19.04
Beta	0.63
1 Month Change	2.33%
3 Month Change	-4.02%
1 Year Change	22.68%
3 Year Change	144.63%
5 Year Change	28.31%
Change since IPO	2,187.01%

Recent News & Updates

Narrative Update • Apr 25

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.

Recent updates

Narrative Update • Apr 25

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

Seeking Alpha • Apr 16

First Horizon Q1 Review: Credit Quality Remains Resilient

Summary First Horizon delivered solid Q1 results, with EPS of $0.53 and a 15% return on tangible equity, beating expectations. FHN maintains strong credit quality, stable non-interest-bearing deposits, and prudent capital returns, including a 7% share count reduction via buybacks. Loan growth is steady, with limited CRE exposure; NDFI risk is mitigated by low-risk, short-term mortgage warehousing. Shares trade at 11.2x earnings, within fair value; I maintain a "Hold" rating, preferring entry below $22. Read the full article on Seeking Alpha

Narrative Update • Apr 09

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.

Narrative Update • Mar 26

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.

Narrative Update • Mar 08

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.

Narrative Update • Feb 22

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.

Analysis Article • Feb 11

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

First Horizon Corporation ( NYSE:FHN ) will increase its dividend from last year's comparable payment on the 1st of...

Narrative Update • Feb 07

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.

Narrative Update • Jan 23

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.

Narrative Update • Jan 09

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.

Narrative Update • Dec 17

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.

Narrative Update • Nov 05

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.

Narrative Update • Oct 22

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.

Narrative Update • Oct 08

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.

Narrative Update • Sep 24

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.

Analysis Article • Aug 13

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

First Horizon Corporation ( NYSE:FHN ) will pay a dividend of $0.15 on the 1st of October. This means that the annual...

Seeking Alpha • Apr 07

First Horizon: Better Banks Available At This Valuation

Summary First Horizon has a net interest margin roughly in line with its competitors. The nonperforming loans to total loans ratio is the worst among the worst of their peers. The bank's efficiency ratio could be improved to be below 60%, close to industry averages. First Horizon, based on the current valuation, is projected to deliver a five-year compounded annual growth rate of 12.5%. Read the full article on Seeking Alpha

Seeking Alpha • Dec 31

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

Summary First Horizon Corporation's stock has risen over 20% in H2 2024, driven by better-than-expected financial performance, a broad re-rating among regional banks, and expectations for a more favorable political/regulatory environment. First Horizon is not well-placed for the immediate environment—weak loan growth, spread pressure, and ongoing tech investment is likely to drive below-peer core earnings growth in FY 2025. Positives include strong (and counter-cyclical) capital markets operations, potential growth in mortgage lending, future operating leverage, and an attractive Southeast market footprint. A potential buyout could value FHN stock at or above the mid-$20s, but investors should be aware that weaker relative near-term growth could limit further re-rating. Read the full article on Seeking Alpha

Seeking Alpha • Oct 19

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

Summary First Horizon shares gained 66% over the past year, driven by strong recovery post-2023 banking crisis and solid financial performance. Q3 earnings beat expectations at$0.42 per share, driven by a 6% revenue increase and strong non-interest income growth. Despite margin compression, deposit repricing is expected to stabilize NIM by Q1 2025, supporting future earnings growth. With a robust capital position and ongoing share buybacks, FHN offers an attractive valuation at 11x earnings, with potential upside over 10%. Read the full article on Seeking Alpha

Seeking Alpha • Oct 11

First Horizon: A Double Downgrade Is In Order

Summary First Horizon's stock surged 53.6% in the past year, but recent financial metrics show declining deposits, increased debt, and lower revenue and profits. The bank's uninsured deposit exposure is now 41%, significantly above the preferred 30% threshold, raising concerns about its financial stability. Despite some positive trends like rising loans and cash equivalents, the overall balance sheet and income statement reveal weakening fundamentals. Given the current valuation and financial outlook, I am downgrading FHN from a 'strong buy' to a 'hold' ahead of its Q3 2024 earnings report. Read the full article on Seeking Alpha

New Narrative • Aug 27

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.

Seeking Alpha • Jul 23

First Horizon Needs To Transition From Stabilization To Growth

Summary First Horizon has been challenged over the past year not only by higher deposit costs and weakening loan demand, but also the need to regrow deposits after Toronto-Dominion walked away. Q2 earnings missed expectations by a marginal amount, but the Street didn't like the weaker net interest income guide, as "higher for longer" continues to hit First Horizon's profitability. There are concerns that FHN has been caught by competitors and is underperforming its core markets, but I believe the post-deal rebuild has been masking the true long-term growth potential. If First Horizon can grow core earnings at a long-term rate of around 5%, the shares are undervalued below the high-teens to $20. Read the full article on Seeking Alpha

Seeking Alpha • May 21

First Horizon Corporation: A Historic Bank At A Discount

Summary First Horizon, a Tennessee-based bank, has 160 years of experience and is well-equipped to handle the current macroeconomic environment. Net interest income is recovering strongly, and guidance for 2024 is positive, indicating potential growth for the bank. The bank's assets are repricing favorably, and the cost of deposits has stabilized, leading to improved profitability and potential for shareholder remuneration. Read the full article on Seeking Alpha

Shareholder Returns

	FHN	US Banks	US Market
7D	-0.08%	-2.1%	2.2%
1Y	22.7%	23.1%	31.1%

Return vs Industry: FHN underperformed the US Banks industry which returned 23.1% over the past year.

Return vs Market: FHN underperformed the US Market which returned 31.1% over the past year.

Price Volatility

Is FHN's price volatile compared to industry and market?
FHN volatility
FHN Average Weekly Movement	3.7%
Banks Industry Average Movement	3.5%
Market Average Movement	7.3%
10% most volatile stocks in US Market	16.1%
10% least volatile stocks in US Market	3.2%

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

Founded	Employees	CEO	Website
1864	7,400	D. Jordan	www.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 cap	US$11.68b
Earnings (TTM)	US$1.00b
Revenue (TTM)	US$3.43b

11.7x

P/E Ratio

1.4x

P/B Ratio

Is FHN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FHN income statement (TTM)
Revenue	US$3.43b
Cost of Revenue	US$0
Gross Profit	US$3.43b
Other Expenses	US$2.43b
Earnings	US$1.00b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	2.11
Gross Margin	100.00%
Net Profit Margin	29.16%
Debt/Equity Ratio	62.3%

How did FHN perform over the long term?

See historical performance and comparison

Dividends

2.8%

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 Date	Jun 12 2026
Dividend Pay Date	Jul 01 2026
Days until Ex dividend	31 days
Days until Dividend pay date	50 days

Does FHN pay a reliable dividends?

See FHN dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/11 19:06
End of Day Share Price	2026/05/08 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 (FHN) Stock Overview

Rewards

Risk Analysis

Analyst Price Targets

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

Top Analyst Narratives

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

First Horizon Corporation Competitors

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Price History & Performance

Recent News & Updates

First Horizon Bank Appoints James Gifas as Senior Vice President, Deputy Head of Treasury Management

High number of new directors

First quarter dividend of US$0.17 announced

First Horizon Corporation Declares Quarterly Cash Dividends on Common Stock, Payable on July 1, 2026

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

First quarter 2026 earnings: EPS exceeds analyst expectations

Recent updates

First Horizon Bank Appoints James Gifas as Senior Vice President, Deputy Head of Treasury Management

High number of new directors

First quarter dividend of US$0.17 announced

First Horizon Corporation Declares Quarterly Cash Dividends on Common Stock, Payable on July 1, 2026

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

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

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

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

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

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

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

Upcoming dividend of US$0.17 per share

Full year 2025 earnings: EPS and revenues exceed analyst expectations

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

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

First Horizon Corporation Appoints Leilani Farol as Chief Information Security Officer

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

Fourth quarter dividend increased to US$0.17

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

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

Full year 2025 earnings: EPS and revenues exceed analyst expectations

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

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

Now 20% undervalued

FHN: Future Returns Will Reflect Buybacks Amid Mixed M&A Optionality

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

FHN: Shares Will Benefit From $1.2 Billion Repurchase Plan and M&A Flexibility

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.

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

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

Cost Discipline And Organic Mortgage Opportunities Will Secure Robust Performance

Cost Discipline And Organic Mortgage Opportunities Will Secure Robust Performance

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