FHN First Horizon Corp
$22.96
▲ 0.4%Updated Oct 16, 2:25 PM ET
Report Card
FHN at a glance — five pillars scored 0–100 from real filed financials.
How the 0–100 rating is calculatedOverall: Strong · 85/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
Price — Past Year
▲ Up 17.3% in the year to Jul 6, 2026
Key Metrics
Market Cap
$12.19B
P/E
11.88x
Forward P/E (est.)
8.68x
ROE
11.4%
Revenue Growth
64.2%
EPS Growth
36.8%
Profit Margin
28.1%
FCF Yield
7.3%
Debt / Equity
0.52x
ROIC
—
Interest Coverage
—
Current Ratio
—
Dividend Yield
2.6%
Implied Growth (rev. DCF)
3.9%
Rating Score
85/100
Business Overview
First Horizon Corp (FHN) is a large-cap NYSE-listed company in the Banking industry, within the Financials sector, with a market value around $12.19B.
In its latest reported year it generated about $3.42B in revenue and $982.00M in net profit.
Our model rates FHN Strong (85/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Technical Analysis (Educational)
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what FHN's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. FHN trades near $22.96, below its 50-day average ($24.58) and 200-day average ($23.51). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 63 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. FHN's is $0.49 (~2.1% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. In the month to Jul 6, 2026, FHN found buyers near $24.10 (support) and sellers near $26.31 (resistance); its 52-week range then was $19.80–$26.56. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.3× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. The indicators were last computed on Jul 6, 2026; the price is current.
Revenue Growth
4Y CAGR
17.1%
Revenue moved from $1.15B in 2014 to $3.42B in 2025, a 12.9% compound annual growth rate. The most recent year grew a strong 64.2% year over year. Consistent top-line growth is one sign of healthy demand.
Profitability
Gross Margin
—
Operating Margin
36.2%
Net Margin
28.7%
ROE
11.4%
First Horizon Corp keeps about 28.1% of each sales dollar as net profit. Return on equity is 11.4%. Margins this wide usually signal pricing power or a cost advantage.
Debt Analysis
Total Debt
$3.23B
Net Debt
$2.26B
Net Debt / EBITDA
—
Debt / Equity
0.52x
Leverage: debt-to-equity is 0.5x. That is a moderate, manageable debt load for most businesses. It carries roughly $3.23B of total debt against $964.31M of cash.
Cash Flow Analysis
Operating CF
$628.00M
Free Cash Flow
$595.00M
FCF Margin
17.4%
In the latest year First Horizon Corp produced about $628.00M of operating cash flow and $595.00M of free cash flow after capital spending. That is a free-cash-flow yield of about 7.3% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Dividend Safety
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
What to look for in a dividend stockThe dividend is being paid, but coverage or consistency is thinner than an income investor should rely on without a closer look.
Dividend yield
2.6%
Per share (latest FY)
$0.60
Total paid (latest FY)
$314.00M
History on record
8 years
dividend uses 53% of free cash flow
32% of net income paid out
no current raise streak
payout was cut at least once in the last 8 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
Valuation Analysis
P/E
11.88x
P/S
2.12x
P/B
1.33x
EV / EBITDA
—
FHN trades at 11.9x trailing earnings (about 8.7x on estimated forward earnings), 2.1x sales, and 1.3x book value. Reverse-engineering today's price implies the market expects roughly 3.9% long-term free-cash-flow growth. That is an undemanding multiple — potentially cheap if the business is stable.
DCF Fair Value (Educational)
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
How this DCF estimate is calculatedDCF fair value / share
$52.01
Current price
$22.96
Starting FCF (latest 10-K)
$595.00M
Growth, years 1–5
20.0%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Metrics vs. Sector Range
Where FHN sits versus the Financials companies we cover.
Bands show the middle half (25th–75th percentile) of the 141 Financials companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
Sector Peer Comparison
How FHN stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.
Among the 141 rated Financials companies we cover, FHN ranks #3 by our overall rating. It trades at a discount versus the sector on earnings (11.9x P/E vs. 14.9x median) with a lower return on equity (11.4% vs. 13.6%) and faster revenue growth (64.2% vs. 15.9%).
P/E vs sector
11.9x
median 14.9x
ROE vs sector
11.4%
median 13.6%
Growth vs sector
64.2%
median 15.9%
Sector rank
#3
of 141 rated
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Financials companies by sub-industry and size, preferring ones with full data. Sector medians and rank use the 141 rated companies among the 289 Financials stocks we cover. Educational, not a recommendation.
5-Year Projection Model
Project revenue → earnings → price. Edit the assumptions to build your own case.
What drives this projection, and its limits2030 scenario price range (Base Case)
$83.80 – $143.67
vs. $22.96 today · implied CAGR 30% – 44%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $4.96B | $7.19B | $10.42B | $15.11B | $21.91B |
| Net income | $1.44B | $2.08B | $3.02B | $4.38B | $6.36B |
| EPS | $2.71 | $3.93 | $5.69 | $8.26 | $11.97 |
| Share price (low) | $18.96 | $27.49 | $39.86 | $57.80 | $83.80 |
| Share price (high) | $32.50 | $47.12 | $68.33 | $99.08 | $143.67 |
| CAGR (low–high) | -17% / 42% | 9% / 43% | 20% / 44% | 26% / 44% | 30% / 44% |
Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions.
Bull Case
The case for FHN:
- Revenue is growing 64.2% a year, a sign of real demand.
- High net margins (28.1%) point to pricing power or efficiency.
- Healthy free-cash-flow yield (~7.3%) funds buybacks and dividends.
- Pays a 2.6% dividend on top of any price gains.
- Our model's overall read is Strong (85/100).
Bear Case
The case against FHN:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Key Risks
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
Investment Thesis
On balance, the fundamentals screen favourably: First Horizon Corp is a large-cap financials business still growing nicely, with solid profitability, and a sound balance sheet. It trades at 11.9x earnings, which our model scores Strong (85/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Latest SEC Filings
FHN's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen. How to read a 10-K
In the Idea Lab
FHN — frequently asked questions
Is FHN a good stock to buy?
We don't give buy or sell advice. Our model rates First Horizon Corp Strong (85/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is FHN's rating on The Stocks School?
First Horizon Corp currently scores 85/100 (Strong) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does FHN's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from First Horizon Corp's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for FHN calculated?
It's a scenario model. It starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. It's a tool for thinking, not a prediction.
Is this FHN analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell FHN. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.