Stocks · Financial Services · Banks - Regional
First Horizon Corporation FHN
$23.36 -0.26% Close, Oct 5, 2026 · NYSE · Market cap $11.12B
Inexpensive vs sector
Next earnings report: Oct 15, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 8 quarters (average surprise over the last four: +9.5%).
- Operating margin widened to 29.9% from 22.5% a year earlier.
- Diluted EPS over the last four quarters was $2.09, up 34.8% year over year.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
Growth56Neutral
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 19%
- EPS growth (TTM, YoY)Top 31%
- FCF growth (TTM, YoY)Top 34%
- Revenue growth, 3-year CAGRBottom 45%
- Revenue growth accelerationTop 32%
Quality64Neutral
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 49%
- Gross marginTop 25%
- Operating marginTop 29%
- Cash conversion (OCF / net income)Top 38%
- Accruals (lower is better)Top 46%
- Net debt / EBITDA (lower is better)Bottom 40%
- Interest coverBottom 48%
Value82Strong
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 26%
- Free-cash-flow yieldTop 24%
- EBITDA / enterprise valueTop 30%
- Sales / enterprise valueTop 47%
- P/E vs own 5-year history (lower is better)Top 30%
Momentum31Weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 49%
- 6-month returnBottom 24%
- 1-year return vs S&P 500Bottom 46%
- Distance from 52-week highBottom 46%
- Trend checklist (0–4)Bottom 27%
Revisions77Positive
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 29%
- Consecutive EPS beatsTop 13%
- Share of analysts rating BuyBottom 44%
- Upside to consensus price targetTop 40%
Stability35Weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 45%
- Maximum drawdown, 3 yearsTop 46%
- Beta vs S&P 500 (lower is better)Bottom 16%
- Net debt / EBITDA (lower is better)Bottom 40%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -5.3% | -3.8% | ↑ |
| EPS growth (YoY) | 38.9% | 34.8% | ↓ |
| Gross margin | 62.0% | 75.4% | ↑ |
| Operating margin | 22.5% | 29.9% | ↑ |
| FCF margin | 20.2% | 29.9% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -3.8% | -5.3% | ↑ | Bottom 19% |
| EPS growth (TTM, YoY) | 34.8% | 38.9% | ↓ | Top 31% |
| Gross margin | 75.4% | 62.0% | ↑ | Top 25% |
| Operating margin | 29.9% | 22.5% | ↑ | Top 29% |
| Net margin | 22.8% | 17.5% | ↑ | — |
| Free-cash-flow margin | 29.9% | 20.2% | ↑ | — |
| Return on invested capital | 1.3% | — | Bottom 49% | |
| Revenue growth, 3-year CAGR | 13.5% | — | Bottom 45% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.33×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -0.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.2%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 2.34×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.81%
- Net buyback yield (TTM)
- 3.97%
- Shareholder yield
- 6.77%
- Share count change, 1 year
- -6.6%
- Share count change, 3-year CAGR
- -5.1%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 8
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +9.5%
- Average 2-day reaction, last 8
- -0.9%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $27.79
- Target vs current price
- +19.0%
- Analysts with a rating
- 35
- Share rating Buy or Strong Buy
- 43%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 15, 2026 | +3.8% | -3.0% | -0.8% | -1.1% | — |
| Apr 15, 2026 | +6.6% | -0.3% | +1.7% | -1.4% | +6.1% |
| Jan 15, 2026 | +13.0% | +1.6% | +2.4% | +2.0% | +1.1% |
| Oct 15, 2025 | +14.5% | -9.4% | -9.7% | -5.8% | +6.3% |
| Jul 16, 2025 | +8.3% | +2.1% | +5.7% | +3.3% | +8.7% |
| Apr 16, 2025 | +5.3% | -1.6% | -1.0% | +15.9% | +25.1% |
| Jan 16, 2025 | +13.2% | -0.4% | -2.2% | +2.8% | -20.8% |
| Oct 16, 2024 | +10.5% | +4.1% | +3.8% | +19.0% | +21.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 15, 2026 | $0.54 | $0.52 | +3.8% | $887.0M |
| Apr 15, 2026 | $0.53 | $0.50 | +6.6% | $863.5M |
| Jan 15, 2026 | $0.52 | $0.46 | +13.0% | $891.0M |
| Oct 15, 2025 | $0.51 | $0.45 | +14.5% | $865.0M |
| Jul 16, 2025 | $0.45 | $0.42 | +8.3% | $807.0M |
| Apr 16, 2025 | $0.42 | $0.40 | +5.3% | $789.0M |
| Jan 16, 2025 | $0.43 | $0.38 | +13.2% | $733.0M |
| Oct 16, 2024 | $0.42 | $0.38 | +10.5% | $802.0M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 11.2× | 12.7× | 33th | Top 26% |
| P/E (forward) | 10.9× | — | — | — |
| EV / EBITDA | 10.2× | — | — | Top 30% |
| EV / Sales | 3.11× | — | — | Top 47% |
| Free-cash-flow yield | 12.46% | — | — | Top 24% |
| Earnings yield | 8.95% | — | — | Top 26% |
P/E over the past five years
Range 6.6× – 16.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +4.0%
- Earnings per share growth (TTM)
- +34.8%
- Change in P/E multiple
- -10.6%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -2.9%
- 200-day average slope (20 days)
- +0.5%
- Distance from 50-day average
- -5.3%
- Distance from 200-day average
- -4.3%
- RSI (14)
- 40.4
- Relative volume
- 1.14×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 19.7%
- Volatility vs own 5-year history
- 16th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.11
- Correlation with S&P 500
- 0.58
- Current drawdown from 1-year high
- -10.9%
- Maximum drawdown, 3 years
- -27.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Feb 15, 2023 | May 12, 2023 | -61.1% | 60 days | 674 days (Jan 21, 2026) |
| Jun 1, 2021 | Sep 21, 2021 | -23.6% | 78 days | 110 days (Feb 28, 2022) |
| Feb 6, 2026 | Mar 19, 2026 | -17.2% | 28 days | Not yet recovered |
| Mar 3, 2022 | Jun 16, 2022 | -13.1% | 73 days | 84 days (Oct 17, 2022) |
| Oct 22, 2020 | Oct 28, 2020 | -12.7% | 4 days | 8 days (Nov 9, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $11.12B
- P/E (TTM)
- 11.2
- EPS, diluted (TTM)
- $2.09
- Revenue (TTM)
- $4.63B
- Dividend yield
- 2.83%
- 52-week range
- $19.80 – $26.56
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $3.15B | $3.41B | $4.71B | $4.94B | $4.99B |
| Gross profit | $3.30B | $3.02B | $2.90B | $2.95B | $3.36B |
| Operating income | $1.28B | $1.16B | $1.13B | $1.00B | $1.28B |
| Net income | $999.0M | $900.0M | $897.0M | $775.0M | $983.0M |
| EPS (diluted) | $1.74 | $1.53 | $1.54 | $1.36 | $1.88 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.29B | $1.14B | $1.17B | $1.21B | $1.27B | $1.26B | $862.0M | $1.24B |
| Net income | $218.0M | $166.0M | $218.0M | $241.0M | $262.0M | $261.0M | $263.0M | $271.0M |
| EPS (diluted) | $0.40 | $0.29 | $0.41 | $0.45 | $0.50 | $0.52 | $0.53 | $0.54 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $725.0M | $2.29B | $1.30B | $1.27B | $988.0M |
| Capital expenditure | -$53.0M | -$28.0M | -$37.0M | -$44.0M | -$33.0M |
| Free cash flow | $672.0M | $2.26B | $1.26B | $1.22B | $955.0M |
| Dividends paid | -$333.0M | -$324.0M | -$335.0M | -$332.0M | -$314.0M |
| Net share buybacks | -$388.0M | -$12.0M | -$5.0M | -$626.0M | -$912.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.03B
- Total assets
- $84.44B
- Total liabilities
- $74.97B
- Total debt
- $4.32B
- Net debt
- $3.29B
- Shareholders’ equity
- $9.17B
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 11, 2026 | $0.17 | Oct 1, 2026 |
| Jun 12, 2026 | $0.17 | Jul 1, 2026 |
| Mar 13, 2026 | $0.17 | Apr 1, 2026 |
| Dec 12, 2025 | $0.15 | Jan 2, 2026 |
| Sep 12, 2025 | $0.15 | Oct 1, 2025 |
| Jun 13, 2025 | $0.15 | Jul 1, 2025 |
| Mar 14, 2025 | $0.15 | Apr 1, 2025 |
| Dec 13, 2024 | $0.15 | Jan 2, 2025 |
Short interest
- Shares sold short
- 13,712,521
- Days to cover
- 2.90
- Change vs previous report
- +22.3%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Dec 8, 2010
- 509-for-500
- Sep 8, 2010
- 127-for-125
- Jun 9, 2010
- 253-for-250
- Mar 10, 2010
- 507-for-500
- Dec 9, 2009
- 203-for-200