FHN Stock Analysis: First Horizon | NYSE
Banks - Regional | NYSE, USA | Market Cap: 12.169m USD | 12M Return: 21.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 112M
EPS Trend: 57.8%
Qual. Beats: 4
Rev. Trend: 44.0%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
First Horizon Corporation (NYSE: FHN) is a U.S. bank holding company headquartered in Memphis, Tennessee, operating primarily through its subsidiary First Horizon Bank. Founded in 1864, the company provides a broad range of financial services organized into three segments: Regional Banking, Specialty Banking, and Corporate.
Its service offerings span commercial and consumer banking, wealth management, trust and asset management, and capital markets activities such as fixed income trading, underwriting, and loan syndications. The company also operates niche lending businesses including asset-based lending, healthcare finance, energy finance, transportation and logistics finance, and franchise finance.
As a regional bank, First Horizon competes in the U.S. Southeast banking sector, where its business model relies on net interest income from lending activities supplemented by fee-based services such as treasury management, mortgage origination, transaction processing, and credit card products. The companys large-cap market capitalization reflects its scale among publicly traded U.S. regional banks.
- Net interest margin compresses as Fed cuts rates
- Commercial real estate loan losses pressure earnings
- Fixed income capital markets revenue volatile with rate environment
| Net Income: 1.03b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.16 > 1.0 |
| NWC/Revenue: -55.09% < 20% (prev -1.23k%; Δ 1.18k% < -1%) |
| CFO/TA 0.01 > 3% & CFO 899.0m > Net Income 1.03b |
| Net Debt (9.46b) to EBITDA (1.40b): 6.78 < 3 |
| Current Ratio: 0.96 > 1.5 & < 3 |
| Outstanding Shares: last quarter (487.0m) vs 12m ago -6.88% < -2% |
| Gross Margin: 64.61% > 18% (prev 60.58%; Δ 4.03% > 0.5%) |
| Asset Turnover: 5.56% > 50% (prev 5.97%; Δ -0.41% > 0%) |
| Interest Coverage Ratio: 0.89 > 6 (EBIT TTM 1.35b / Interest Expense TTM 1.52b) |
| A: -0.03 (Total Current Assets 68.8b - Total Current Liabilities 71.3b) / Total Assets 84.1b |
| B: 0.06 (Retained Earnings 5.21b / Total Assets 84.1b) |
| C: 0.02 (EBIT TTM 1.35b / Avg Total Assets 82.8b) |
| D: 0.12 (Book Value of Equity 9.17b / Total Liabilities 74.7b) |
| Altman-Z'' = 0.24 = B |
As of July 08, 2026, the stock is trading at USD 25.76 with a total of 2,249,181 shares traded. Over the past week, the price has changed by +0.70%, over one month by +6.87%, over three months by +11.89% and over the past year by +21.17%.
Current recommended Stop Loss: 24.60 (which is 4.5% or 2.4 ATR below the current price).
First Horizon has received a consensus analysts rating of 4.06. Therefore, it is recommended to buy FHN.
- StrongBuy: 7
- Buy: 3
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 27 | 4.9% |
P/E Trailing = 12.8844
P/E Forward = 11.919
P/S = 3.5489
P/B = 1.4437
P/EG = 1.7557
Revenue TTM = 4.60b USD
EBIT TTM = 1.35b USD
EBITDA TTM = 1.40b USD
Long Term Debt = 1.32b USD (from longTermDebt, last quarter)
Short Term Debt = 12.0b USD (from shortTermDebt, last quarter)
Debt = 13.3b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 9.46b USD (calculated: Debt 13.3b - CCE 3.82b)
Enterprise Value = 21.6b USD (12.2b + Debt 13.3b - CCE 3.82b)
Interest Coverage Ratio = 0.89 (Ebit TTM 1.35b / Interest Expense TTM 1.52b)
EV/FCF = 24.22x (Enterprise Value 21.6b / FCF TTM 893.0m)
FCF Yield = 4.13% (FCF TTM 893.0m / Enterprise Value 21.6b)
FCF Margin = 19.40% (FCF TTM 893.0m / Revenue TTM 4.60b)
Net Margin = 22.31% (Net Income TTM 1.03b / Revenue TTM 4.60b)
Gross Margin = 64.61% ((Revenue TTM 4.60b - Cost of Revenue TTM 1.63b) / Revenue TTM)
Gross Margin QoQ = none% (prev 70.31%)
Tobins Q-Ratio = 0.26 (Enterprise Value 21.6b / Total Assets 84.1b)
Interest Expense / Debt = 11.43% (Interest Expense 1.52b / Debt 13.3b)
Taxrate = 22.12% (296.0m / 1.34b)
NOPAT = 1.05b (EBIT 1.35b * (1 - 22.12%))
Current Ratio = 0.96 (Total Current Assets 68.8b / Total Current Liabilities 71.3b)
Debt / Equity = 1.45 (Debt 13.3b / totalStockholderEquity, last quarter 9.17b)
Debt / EBITDA = 6.78 (Net Debt 9.46b / EBITDA 1.40b)
Debt / FCF = 10.59 (Net Debt 9.46b / FCF TTM 893.0m)
Total Stockholder Equity = 8.98b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.24% (Net Income 1.03b / Total Assets 84.1b)
RoE = 11.43% (Net Income TTM 1.03b / Total Stockholder Equity 8.98b)
RoCE = 13.14% (EBIT 1.35b / Capital Employed (Equity 8.98b + L.T.Debt 1.32b))
RoIC = 4.29% (NOPAT 1.05b / Invested Capital 24.5b)
WACC = 9.47% (E(12.2b)/V(25.4b) * Re(10.08%) + D(13.3b)/V(25.4b) * Rd(11.43%) * (1-Tc(0.22)))
Discount Rate = 10.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -6.09%
[DCF] Terminal Value 74.44% ; FCFF base≈830.2m ; Y1≈951.7m ; Y5≈1.40b
[DCF] Fair Price = 17.18 (EV 17.6b - Net Debt 9.46b = Equity 8.15b / Shares 474.6m; r=9.47% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 57.78 | EPS CAGR: 9.36% | SUE: 1.24 | # QB: 4
Revenue Correlation: 43.97 | Revenue CAGR: 2.65% | SUE: -0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.53 | Chg30d=-0.08% | Revisions=+13% | Analysts=16
EPS next Quarter (2026-09-30): EPS=0.54 | Chg30d=-0.20% | Revisions=-31% | Analysts=16
EPS current Year (2026-12-31): EPS=2.15 | Chg30d=-0.07% | Revisions=+39% | GrowthEPS=+13.7% | GrowthRev=+3.7%
EPS next Year (2027-12-31): EPS=2.35 | Chg30d=+0.21% | Revisions=-13% | GrowthEPS=+9.6% | GrowthRev=+4.1%
[Analyst] Revisions Ratio: +6% (up=26, down=23)