FHN Stock Analysis: First Horizon | NYSE
Banks - Regional | NYSE, USA | Market Cap: 10.982m USD | 12M Return: 6.4% | US3205171057 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 111M
EPS Trend: 85.4%
Qual. Beats: 5
Rev. Trend: -5.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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: 1.06b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.46 > 1.0 |
| NWC/Revenue: -1.52k% < 20% (prev -1.21k%; Δ -307.8% < -1%) |
| CFO/TA 0.02 > 3% & CFO 1.40b > Net Income 1.06b |
| Net Debt (3.29b) to EBITDA (1.45b): 2.27 < 3 |
| Current Ratio: 0.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (480.0m) vs 12m ago -6.61% < -2% |
| Gross Margin: 64.84% > 18% (prev 61.99%; Δ 2.85% > 0.5%) |
| Asset Turnover: 5.56% > 50% (prev 5.87%; Δ -0.30% > 0%) |
| Interest Coverage Ratio: 0.94 > 6 (EBIT TTM 1.39b / Interest Expense TTM 1.47b) |
| A: -0.83 (Total Current Assets 1.03b - Total Current Liabilities 71.3b) / Total Assets 84.4b |
| B: 0.06 (Retained Earnings 5.38b / Total Assets 84.4b) |
| C: 0.02 (EBIT TTM 1.39b / Avg Total Assets 83.3b) |
| D: 0.12 (Book Value of Equity 9.17b / Total Liabilities 75.0b) |
| Altman-Z'' = -5.01 = D |
As of September 27, 2026, the stock is trading at USD 23.46 with a total of 4,183,088 shares traded. Over the past week, the price has changed by -2.01%, over one month by -3.27%, over three months by -7.58% and over the past year by +6.44%.
Current recommended Stop Loss: 22.80 (which is 2.8% or 1.4 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 | 28 | 19.3% |
P/E Trailing = 11.0381
P/E Forward = 10.01
P/S = 3.1369
P/B = 1.2852
P/EG = 1.7557
Revenue TTM = 4.63b USD
EBIT TTM = 1.39b USD
EBITDA TTM = 1.45b USD
Long Term Debt = 1.32b USD (from longTermDebt, last quarter)
Short Term Debt = 3.00b USD (from shortTermDebt, last quarter)
Debt = 4.32b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.29b USD (calculated: Debt 4.32b - CCE 1.03b)
Enterprise Value = 14.3b USD (11.0b + Debt 4.32b - CCE 1.03b)
Interest Coverage Ratio = 0.94 (Ebit TTM 1.39b / Interest Expense TTM 1.47b)
EV/FCF = 10.30x (Enterprise Value 14.3b / FCF TTM 1.39b)
FCF Yield = 9.70% (FCF TTM 1.39b / Enterprise Value 14.3b)
FCF Margin = 29.89% (FCF TTM 1.39b / Revenue TTM 4.63b)
Net Margin = 22.81% (Net Income TTM 1.06b / Revenue TTM 4.63b)
Gross Margin = 64.84% ((Revenue TTM 4.63b - Cost of Revenue TTM 1.63b) / Revenue TTM)
Gross Margin QoQ = 70.24% (prev none%)
Tobins Q-Ratio = 0.17 (Enterprise Value 14.3b / Total Assets 84.4b)
Interest Expense / Debt = 33.97% (Interest Expense 1.47b / Debt 4.32b)
Taxrate = 21.75% (298.0m / 1.37b)
NOPAT = 1.08b (EBIT 1.39b * (1 - 21.75%))
Current Ratio = 0.01 (Total Current Assets 1.03b / Total Current Liabilities 71.3b)
Debt / Equity = 0.47 (Debt 4.32b / totalStockholderEquity, last quarter 9.17b)
Debt / EBITDA = 2.27 (Net Debt 3.29b / EBITDA 1.45b)
Debt / FCF = 2.38 (Net Debt 3.29b / FCF TTM 1.39b)
Total Stockholder Equity = 9.03b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.27% (Net Income 1.06b / Total Assets 84.4b)
RoE = 11.70% (Net Income TTM 1.06b / Total Stockholder Equity 9.03b)
RoCE = 13.38% (EBIT 1.39b / Capital Employed (Equity 9.03b + L.T.Debt 1.32b))
RoIC = 1.29% (NOPAT 1.08b / Invested Capital 84.2b)
WACC = 14.33% (E(11.0b)/V(15.3b) * Re(9.50%) + D(4.32b)/V(15.3b) * Rd(33.97%) * (1-Tc(0.22)))
Discount Rate = 9.50% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -99.71 | Cagr: -6.46%
[DCF] Terminal Value 61.10% ; FCFF base≈1.22b ; Y1≈1.40b ; Y5≈2.06b
[DCF] Fair Price = 24.59 (EV 14.9b - Net Debt 3.29b = Equity 11.7b / Shares 473.8m; r=14.33% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 85.41 | EPS CAGR: 16.02% | SUE: 0.88 | # QB: 5
Revenue Correlation: -5.42 | Revenue CAGR: -0.21% | SUE: 0.59 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.52 | Chg30d=-0.21% | Revisions=-83% | Analysts=18
EPS current Year (2026-12-31): EPS=2.14 | Chg30d=-0.05% | Revisions=-39% | GrowthEPS=+13.1% | GrowthRev=+3.4%
EPS next Year (2027-12-31): EPS=2.31 | Chg30d=+0.34% | Revisions=-53% | GrowthEPS=+8.2% | GrowthRev=+4.5%
[Analyst] Revisions Ratio: -65% (up=7, down=39)