First Horizon Corporation (FHN) AI Stock Analysis

Established in 1864 and based in Memphis, Tennessee, First Horizon Corporation operates as a bank holding company overseeing First Horizon Bank and FHN Financial. The company operates through three segments: Regional Banking, Specialty Banking, and Corporate. Regional Banking delivers traditional retail and commercial products, including deposits, mortgages, loans, and advisory services. Specialty Banking provides equipment finance, fiduciary, and investment advisory offerings. The Corporate segment covers underwriting bank-eligible securities, selling loans and derivatives, and providing nationwide remittance and check clearing. First Horizon Corporation operates an extensive branch footprint across multiple states with approximately 7,400 employees.

First Horizon expanded its annual revenue from $3.15B in FY2021 to $4.99B in FY2025, reflecting a 5-year compound annual growth rate of 12.2%. In FY2025, net income rose to $983.0M from $775.0M in FY2024, with net margin improving to 19.7% and diluted earnings per share reaching $1.90. However, trailing twelve-month revenue stood at $3.04B with an operating margin of -20.6%. For the quarter ended September 30, 2026, quarterly revenue fell 51.7% year-over-year, while quarterly earnings grew 20.0% compared to the prior-year period.

As of September 30, 2026, First Horizon held $930.0M in cash and short-term investments alongside total assets of $84.32B. Total debt was $4.12B, translating to net debt of $3.19B and a debt-to-equity ratio of 0.47 against $8.83B in shareholders' equity. The current ratio stood at 0.33. During FY2025, the firm generated $988.0M in operating cash flow and $955.0M in free cash flow, while directing $33.0M to capital expenditures, $340.0M to dividends, and $918.0M toward share buybacks.

First Horizon trades at a trailing price-to-earnings ratio of 16.6x, above the 12.1x median of its US-listed Financial Services peers. Its forward price-to-earnings ratio of 10.0x sits below the peer median of 10.8x, alongside a price-to-book multiple of 1.3x and an enterprise value of $10.24B. The stock delivered a 1-year return of 18.0%, beating the S&P 500 (SPY) return of 16.8%, but its 5-year return of 61.3% trailed the index return of 83.0%.

First Horizon pays a quarterly dividend amounting to an annualized forward payout of $0.68 per share, generating a 2.97% dividend yield as of October 16, 2026. The company has paid dividends for 16 consecutive years with a payout ratio of 25.1%. Its annualized dividend growth rate over the past 5 years was 0.0%, and its last ex-dividend date was September 11, 2026.

Wall Street coverage includes 4 Strong Buy, 3 Buy, and 13 Hold recommendations. The consensus mean price target is $27.04, indicating an 18.2% upside from the October 16, 2026 close of $22.88. Analysts project FY2026 revenue of $3.53B and earnings per share of $2.14. Over the last four quarters, the bank exceeded earnings estimates 3 times.

This page is an AI-written research summary of First Horizon Corporation (FHN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: FHN income statement, FHN balance sheet, FHN key metrics, FHN analyst forecast, FHN chart. See the FHN stock overview for the latest quote and news.