(FHN) First Horizon National - Overview

Sector: Financial Services | Industry: Banks - Regional | Exchange: NYSE (USA) | Market Cap: 11.104m USD | Total Return: 44.5% in 12m

Stock Banking, Lending, Wealth Management, Insurance, Investments
Total Rating 54
Safety 72
Buy Signal 0.78
Banks - Regional +8.3
Regional Banks +8.1
Market Cap: 11,104m
Avg Trading Vol: 117M USD
ATR: 2.73%
Peers RS (IBD): 34.6
Risk 5d forecast
Volatility29.6%
Rel. Tail Risk-8.13%
Reward TTM
Sharpe Ratio0.64
Alpha1.89
Character TTM
Beta1.317
Beta Downside1.824
Drawdowns 3y
Max DD47.98%
CAGR/Max DD0.28
EPS (Earnings per Share) EPS (Earnings per Share) of FHN over the last years for every Quarter: "2021-03": 0.51, "2021-06": 0.58, "2021-09": 0.5, "2021-12": 0.48, "2022-03": 0.38, "2022-06": 0.34, "2022-09": 0.44, "2022-12": 0.51, "2023-03": 0.45, "2023-06": 0.39, "2023-09": 0.27, "2023-12": 0.32, "2024-03": 0.35, "2024-06": 0.36, "2024-09": 0.42, "2024-12": 0.43, "2025-03": 0.42, "2025-06": 0.45, "2025-09": 0.51, "2025-12": 0.52,
EPS CAGR: 8.72%
EPS Trend: 36.5%
Last SUE: 2.72
Qual. Beats: 3
Revenue Revenue of FHN over the last years for every Quarter: 2021-03: 834, 2021-06: 808, 2021-09: 779, 2021-12: 735, 2022-03: 719, 2022-06: 761, 2022-09: 924, 2022-12: 1007, 2023-03: 1069, 2023-06: 1168, 2023-09: 1232, 2023-12: 1246, 2024-03: 1246, 2024-06: 1256, 2024-09: 1294, 2024-12: 1141, 2025-03: 1172, 2025-06: 1210, 2025-09: 1268, 2025-12: 1263,
Rev. CAGR: 16.21%
Rev. Trend: 78.2%
Last SUE: 3.11
Qual. Beats: 1
Description: FHN First Horizon National

First Horizon Corporation (FHN) is a bank holding company operating through Regional Banking, Specialty Banking, and Corporate segments. The company provides a full range of financial services, including commercial, business, and consumer banking, as well as private client and wealth management services. Regional banks typically focus on local markets, offering personalized services.

The Specialty Banking segment offers wholesale banking services, such as fixed income, capital markets, commercial real estate, and various specialized lending solutions. This segment highlights a diversified business model beyond traditional retail banking. Diverse lending portfolios can mitigate risk.

Additionally, FHN provides treasury management, loan syndications, international banking, transaction processing, credit card products, and investment services, including mutual funds and retail insurance. These offerings expand revenue streams beyond core lending and deposit-taking. For further analysis, consider reviewing FHNs detailed financial performance on ValueRay.

Headlines to Watch Out For
  • Net interest income growth hinges on Federal Reserve rate policy
  • Loan demand and credit quality impact revenue
  • Regulatory compliance costs affect profitability
  • Economic downturns reduce consumer and business spending
  • Mergers and acquisitions drive market share and efficiency
Piotroski VR‑10 (Strict) 4.0
Net Income: 982.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.34 > 1.0
NWC/Revenue: -58.80% < 20% (prev -1.23k%; Δ 1.17k% < -1%)
CFO/TA 0.01 > 3% & CFO 970.0m > Net Income 982.0m
Net Debt (3.61b) to EBITDA (1.34b): 2.70 < 3
Current Ratio: 0.96 > 1.5 & < 3
Outstanding Shares: last quarter (496.0m) vs 12m ago -7.12% < -2%
Gross Margin: 66.84% > 18% (prev 0.60%; Δ 6.62k% > 0.5%)
Asset Turnover: 5.92% > 50% (prev 6.01%; Δ -0.09% > 0%)
Interest Coverage Ratio: 0.82 > 6 (EBITDA TTM 1.34b / Interest Expense TTM 1.56b)
Altman Z'' 0.14
A: -0.03 (Total Current Assets 68.45b - Total Current Liabilities 71.34b) / Total Assets 83.88b
B: 0.06 (Retained Earnings 5.03b / Total Assets 83.88b)
C: 0.02 (EBIT TTM 1.28b / Avg Total Assets 83.01b)
D: 0.06 (Book Value of Equity 4.52b / Total Liabilities 74.73b)
Altman-Z'' Score: 0.14 = B
Beneish M
DSRI: none (Receivables 63.42b/none, Revenue 4.91b/4.94b)
GMI: 0.89 (GM 66.84% / 59.65%)
AQI: 0.20 (AQ_t 0.18 / AQ_t-1 0.88)
SGI: 1.00 (Revenue 4.91b / 4.94b)
TATA: 0.00 (NI 982.0m - CFO 970.0m) / TA 83.88b)
Beneish M-Score: cannot calculate (missing components)
What is the price of FHN shares? As of April 06, 2026, the stock is trading at USD 23.18 with a total of 4,238,600 shares traded.
Over the past week, the price has changed by +5.12%, over one month by -0.26%, over three months by -4.93% and over the past year by +44.50%.
Is FHN a buy, sell or hold? First Horizon National 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
What are the forecasts/targets for the FHN price?
Wallstreet Target Price 27.3 17.8%
Analysts Target Price 27.3 17.8%
FHN Fundamental Data Overview as of 02 April 2026
P/E Trailing = 12.2888
P/E Forward = 10.8342
P/S = 3.3106
P/B = 1.2792
P/EG = 1.7557
Revenue TTM = 4.91b USD
EBIT TTM = 1.28b USD
EBITDA TTM = 1.34b USD
Long Term Debt = 1.32b USD (from longTermDebt, last quarter)
Short Term Debt = 3.25b USD (from shortTermDebt, last quarter)
Debt = 4.57b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.61b USD (from netDebt column, last quarter)
Enterprise Value = 11.05b USD (11.10b + Debt 4.57b - CCE 4.62b)
Interest Coverage Ratio = 0.82 (Ebit TTM 1.28b / Interest Expense TTM 1.56b)
EV/FCF = 11.48x (Enterprise Value 11.05b / FCF TTM 963.0m)
FCF Yield = 8.71% (FCF TTM 963.0m / Enterprise Value 11.05b)
FCF Margin = 19.60% (FCF TTM 963.0m / Revenue TTM 4.91b)
Net Margin = 19.99% (Net Income TTM 982.0m / Revenue TTM 4.91b)
Gross Margin = 66.84% ((Revenue TTM 4.91b - Cost of Revenue TTM 1.63b) / Revenue TTM)
Gross Margin QoQ = 70.31% (prev 68.61%)
Tobins Q-Ratio = 0.13 (Enterprise Value 11.05b / Total Assets 83.88b)
Interest Expense / Debt = 8.20% (Interest Expense 375.0m / Debt 4.57b)
Taxrate = 22.74% (78.0m / 343.0m)
NOPAT = 989.7m (EBIT 1.28b * (1 - 22.74%))
Current Ratio = 0.96 (Total Current Assets 68.45b / Total Current Liabilities 71.34b)
Debt / Equity = 0.52 (Debt 4.57b / totalStockholderEquity, last quarter 8.85b)
Debt / EBITDA = 2.70 (Net Debt 3.61b / EBITDA 1.34b)
Debt / FCF = 3.75 (Net Debt 3.61b / FCF TTM 963.0m)
Total Stockholder Equity = 8.88b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.18% (Net Income 982.0m / Total Assets 83.88b)
RoE = 11.06% (Net Income TTM 982.0m / Total Stockholder Equity 8.88b)
RoCE = 12.56% (EBIT 1.28b / Capital Employed (Equity 8.88b + L.T.Debt 1.32b))
RoIC = 9.23% (NOPAT 989.7m / Invested Capital 10.73b)
WACC = 9.36% (E(11.10b)/V(15.68b) * Re(10.61%) + D(4.57b)/V(15.68b) * Rd(8.20%) * (1-Tc(0.23)))
Discount Rate = 10.61% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -5.97%
[DCF] Terminal Value 70.50% ; FCFF base≈1.07b ; Y1≈902.9m ; Y5≈685.5m
[DCF] Fair Price = 13.50 (EV 10.06b - Net Debt 3.61b = Equity 6.45b / Shares 477.6m; r=9.36% [WACC]; 5y FCF grow -18.68% → 3.0% )
EPS Correlation: 36.54 | EPS CAGR: 8.72% | SUE: 2.72 | # QB: 3
Revenue Correlation: 78.19 | Revenue CAGR: 16.21% | SUE: 3.11 | # QB: 1
EPS next Quarter (2026-06-30): EPS=0.53 | Chg7d=-0.000 | Chg30d=+0.000 | Revisions Net=+1 | Analysts=15
EPS current Year (2026-12-31): EPS=2.13 | Chg7d=+0.001 | Chg30d=+0.004 | Revisions Net=+1 | Growth EPS=+12.9% | Growth Revenue=+4.4%
EPS next Year (2027-12-31): EPS=2.35 | Chg7d=+0.001 | Chg30d=+0.001 | Revisions Net=+13 | Growth EPS=+9.9% | Growth Revenue=+4.0%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 2.5% (Discount Rate 10.6% - Earnings Yield 8.1%)
[Growth] Growth Spread = +4.2% (Analyst 6.7% - Implied 2.5%)
External Resources
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