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 First Horizon CorporationFHN US · Financials · USD Current price$23.93as of Sep 22, 2026 Summary
Analyst consensusStrong Buy 3Buy 5Hold 1321 analysts 3-year price (USD)Factor profileMulti-factor score 25 / 100 Market data
Business descriptionFirst Horizon Corporation is a regional bank holding company operating over 400 banking offices across a 12-state Southeast-focused franchise, holding top deposit market share in Tennessee and meaningful positions in Louisiana, Florida, and North Carolina. Competitive moatFHN benefits from an exceptional Southeast branch network in high-growth demographic markets, relationship-focused underwriting keeping Q2 2026 net charge-offs low at 0.18% (well below peers), and conclusion of CRE run-off. Recent developments
Investment risks / red flags
Financials
Classification
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Last updated: Aug 22, 2026
Current price: $23.93 · Sep 22, 2026· USD
CFRA Ratinghold12-Mo Target: USD 28.00
TBI Multi Score25
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Factor Profile (Spider Chart)
TBI ModelPrice Chart (TradingView)
Symbol: FHNBusiness description
First Horizon Corporation is a regional bank holding company operating over 400 banking offices across a 12-state Southeast-focused franchise, holding top deposit market share in Tennessee and meaningful positions in Louisiana, Florida, and North Carolina.
Competitive moat
FHN benefits from an exceptional Southeast branch network in high-growth demographic markets, relationship-focused underwriting keeping Q2 2026 net charge-offs low at 0.18% (well below peers), and conclusion of CRE run-off.
Recent developments
- Southeast Growth & Efficiency: Mid-single-digit loan growth expected in 2026–2027, with operating leverage driving efficiency ratios below 59% and ROTCE above 15%.
- AI & Fraud Headwinds: Acknowledged rising fraud management and cybersecurity costs offsetting efficiency gains, alongside deposit migration risks from AI-driven switching.
Investment risks / red flags
- Intensifying deposit competition across the Southeast.
- Full price-to-tangible-book-value valuation limiting near-term upside.
Market Data
Source: mkts.io · Sep 22, 2026, 04:00 UTC
Key Metrics
P/E (TTM)11.50
P/E (Fwd)10.38
Dividend2.84%
Beta0.61
52W High$26.56
52W Low$19.80
Analyst Consensus
3
5
13
Strong Buy3Buy5Hold1321 analysts
Consensus Target$28.02
+17.1% upside
Calendar Events
Next EarningsOct 14, 2026
Ex-DividendSep 11, 2026
Dividend DateOct 1, 2026
Financials
Revenue$3.50B
Rev Growth9.00%
Earnings Growth20.00%
Gross Margin0.00%
Op Margin41.28%
Profit Margin30.19%
ROA1.29%
ROE11.45%
Rev/Share$7.18
Total Cash$4.53B
Total Debt$4.76B
Op Cash Flow$1.06B
Forward Estimates
| Period | EPS Est | Rev Est |
|---|---|---|
| 0q | 0.52 | $892.53M |
| +1q | 0.54 | $904.70M |
| 0y | 2.14 | $3.55B |
| +1y | 2.31 | $3.70B |
Earnings
Quarterly EPS
3Q2025
Est: 0.450.51Beat
4Q2025
Est: 0.460.52Beat
1Q2026
Est: 0.500.53Beat
2Q2026
Est: 0.520.54Beat
Rating Changes
| Date | Firm | Action | To |
|---|---|---|---|
| Sep 17, 2026 | Hovde Group | init | Market Perform |
| Sep 8, 2026 | Morgan Stanley | init | Equal-Weight |
| Aug 10, 2026 | Wells Fargo | main | Equal-Weight |
| Jul 16, 2026 | JP Morgan | main | Neutral |
| Jul 16, 2026 | Evercore ISI Group | main | In-Line |
| Jul 10, 2026 | Truist Securities | main | Hold |