First Horizon Corporation (FHN)
Financials · Regional Banking · NYSE
A regional financial services holding company operating a diversified banking and fixed-income business across the United States.
What First Horizon Corporation does
First Horizon Corporation is a financial services holding company that operates through its primary subsidiary, First Horizon Bank. The company provides a range of banking, commercial, and financial services, including commercial and industrial lending, commercial real estate financing, and fixed-income sales and trading through its FHN Financial division.
Themes: commercial banking, fixed income / capital markets, lending services
Fundamentals
- Price$23.31 as of 2026-10-08 close
- Market cap$11.0B as of 2026-07-31 (share count; price 2026-10-08)
- 1-year return+1.1% 2025-10-08 close $23.06 → 2026-10-08 close $23.31
- P/E10.89 as of 2026-10-08
- Net margin+28.7% FY2025, SEC XBRL
- ROE+10.7% FY2025, SEC XBRL
- Debt / equity0.47 as of 2026-09-03
- Revenue growth (YoY)+7.2% FY2025 vs FY2024, SEC XBRL
- Revenue CAGR (3y)+2.2% SEC XBRL
- Beta1.10 as of 2026-09-03
- Last reported earnings2026-07-15 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +2.8%; at least 15 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How FHN compares in its sector
- price-to-earnings ratiomiddle range 513 covered Financials peers, as of 2026-10-08
- net profit marginmiddle range 344 covered Financials peers, as of 2026-09-03
- return on equitymiddle range 559 covered Financials peers, as of 2026-09-03
- 3-year revenue CAGRbottom 25% 347 covered Financials peers
- indicated dividend yieldmiddle range 468 covered Financials peers, as of 2026-09-03
- free cash flow (absolute dollars, latest fiscal year)top 25% 430 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
FHN is not currently in any published Top 10 list. Its scores are below.
Top 10 score
56.3 #397 of 1,379 scored · #127 of 220 in Financials
Capital return 91st (net share count bought back over the year 6.1, consecutive years of dividend increases 15 years) and valuation 79th (price to book 1.2, price to earnings 10.9); weakest is growth (29th, 3-year revenue CAGR 2.2%).
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, FHN's dividend was covered by reported results (earnings payout 32%, free-cash-flow payout 53%). This describes past coverage, not a forecast.
- Earnings payout32% dividends / net income
- Free-cash-flow payout53% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How First Horizon Corporation looks technically
First Horizon Corporation (FHN) is trading 4.4% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed above its 200-day average about 324 trading days ago — a "golden cross", a bullish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 37, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 42, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 4 trading days ago (its momentum flipped positive). It made a new 20-day low about 2 trading days ago.
Trend
8
| Distance from the 200-day | it is trading 4.4% below its 200-day average, the long-term trend line — a long-term downtrend | -4.4% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $24.50 | $24.50 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $24.38 | $24.38 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 7 calendar days ago — the swings before that are what the structure reading is measured on | 7 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in the fourth leg, a pullback against that downward direction; the labelling fails if price closes above 23.845. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a completed three-part correction. | possible downward five-wave sequence, in wave 4 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 324 trading days ago — a "golden cross", a bullish long-term signal | 324 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 37, with sellers in control | 36.6 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 42, neither overbought (above 70) nor oversold (below 30) | 42.1 |
|---|---|---|
| Position in its 14-day range | it is trading around the middle of its 14-day range ($22.48 to $24.12) — its "stochastic" reading is 51 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 50.6 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 4 trading days ago (its momentum flipped positive) | 4 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $26.56 | $26.56 |
|---|---|---|
| From the 52-week high | it is 12.2% below its 52-week high (its highest price of the past year) | -12.2% |
| Above the 52-week low | it is 17.7% above its 52-week low (its lowest price of the past year) | +17.7% |
| Below the 52-week high | it is 12.2% below its highest point of the past year | 12.2% |
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day low about 2 trading days ago | 2 sessions |
| All-time high | its highest closing price on record is $44.07 (set on 2007-02-21) | $44.07 |
| Given back of the 52-week move | over the past year its closes ranged ($19.94 to $26.23), and it has given back around half of its rise from last year’s low — 46% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $22.14 to $22.34. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 46.4% |
| From the all-time high | it is 47.1% below its all-time high | -47.1% |
| Nearest price level | it is trading 0.8% above a support level at $23.12 — a price it turned at four times since 2025-07-28, most recently on 2026-05-15. Since 2024-10-08 it has 8 such levels below the current price and 4 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -0.8% |
| All-time low | its lowest closing price on record is $4.38 (set on 2008-07-14) | $4.38 |
| Above the all-time low | it is 431.7% above its all-time low | +431.7% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 60th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.4406 between its high and its low — about 1.9% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.4406 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $22.57 and $24.52 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $22.57 – $23.54 – $24.52 |
| Typical daily range (% of price) | its price moves about 1.9% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 1.9% |
| Stretch from the 200-day average | it is trading 2.4 daily ranges below its 200-day average price (4.4% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.4 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.05× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 1.0% since the prior reading | -1.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
3
| Since a doji | 6 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 6 sessions ago |
|---|---|---|
| Since a hammer | 5 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 5 sessions ago |
| Since a bullish engulfing | today it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | today |
Price gaps
1
| Gap at the open | it opened on 2026-10-08 0.7% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.7% |
|---|
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 6.6 percentage points (the stock lost 5.5% while the market gained 1.0%) | -6.5% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 11.5 percentage points (the stock lost 7.7% while the market gained 3.8%) | -11.5% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 17.3 percentage points (the stock gained 0.1% while the market gained 17.5%) | -17.3% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 13.9 percentage points (the stock gained 1.1% while the market gained 15.0%) | -13.9% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, MACD momentum is positive — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: trading below its 200-day average, a fresh 20-day low, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 5.9% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 1.5% of the share price, which is taken to mean a barrier that gives way easily. | -5.9% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 5% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $24.42 — a volume-weighted average of daily closes over 190 sessions, not a true tick-by-tick VWAP. | -4.5% |
|---|---|---|
| Vs the average paid since it last reported | the price is 6% below the average price paid since it last reported on 2026-07-15 (its 8-K), so the typical buyer over that stretch is under water. That average is $24.69 — a volume-weighted average of daily closes over 61 sessions, not a true tick-by-tick VWAP. | -5.6% |
Price levels it has turned at before
FHN last closed at $23.31 on 2026-10-08. Since 2024-10-08 it has turned at 8 prices below its last close and 4 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $23.12 | Support | 0.8% below the last close | turned there four times · 2025-07-28 to 2026-05-15 |
| $23.70 | Resistance | 1.7% above the last close | turned there 7 times · 2025-10-15 to 2026-09-01 |
| $22.38 | Support | 4.0% below the last close | turned there three times · 2025-02-11 to 2026-10-01 |
| $24.51 | Resistance | 5.1% above the last close | turned there four times · 2025-12-23 to 2026-07-15 |
| $21.88 | Support | 6.2% below the last close | turned there 9 times · 2024-11-25 to 2026-03-30 |
| $25.19 | Resistance | 8.1% above the last close | turned there 8 times · 2026-01-09 to 2026-09-04 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 4 of five, a pullback against that direction.
This labelling fails — stops being a possible reading at all — if it closes above $23.84.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $23.09 and $23.78 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a completed three-part correction, which fails on a close below $22.48.
This reading has stood for 1 trading day, since 2026-10-08.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Broke down to a new 20-day low · MACD just crossed bullish (12/26/9) · Analyst price target recently CUT · lagging the market · Printed a bullish engulfing pair | Learn: moving average · golden cross · adx · rsi · macd · breakout
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.38 mean, 1=Strong Buy…5=Strong Sell) — 21 analysts
- Mean price target$27.26 range $25.00 – $30.00; median $27.00
Analyst estimates, as of 2026-10-09. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for FHN
- Consensus EPS estimate$0.5242 next reporting period, as of 2026-10-09
- Estimate change, 30 days+$0.00085 (+0.2%) from $0.5234, on 2026-09-03, 36-day window
- Readings revised upward44% of 9 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Interest rate volatility and yield curve fluctuations affecting net interest margins.","Credit risks related to commercial real estate and residential housing market stability.","Exposure to economic cycles and recessionary risks."]
What changed in the latest 10-Q
AI-assisted comparison of FHN's 10-Q filed 2026-08-06 against the prior one filed 2026-05-07.
Management's Discussion & Analysis (MD&A)
The two filings could not be meaningfully compared for this section.
Risk Factors
- Added:
- The newer filing (2026-08-06) includes a reference to "tables I.2.19 and I.2.20" in the Common Stock Purchase Program section, replacing references to "tables I.2.16 and I.2.17" in the older filing (2026-05-07).
- The newer filing (2026-08-06) cites page 95 for the Management's Discussion and Analysis section, whereas the older filing (2026-05-07) cited page 83.
- The newer filing (2026-08-06) includes Exhibit 10.1, Director Compensation Policy, which was not present in the older filing (2026-05-07).
- Removed:
- The older filing (2026-05-07) included Exhibit 4.1, Deposit Agreement dated March 12, 2026 (Series H), which is absent from the newer filing (2026-08-06).
- The older filing (2026-05-07) included Exhibit 4.2, Form of certificate representing the Series H Preferred Stock, which is absent from the newer filing (2026-08-06).
- The older filing (2026-05-07) included Exhibit 4.3, Form of Depositary Receipt-Series H, which is absent from the newer filing (2026-08-06).
- The older filing (2026-05-07) included Exhibit 10.1, Form of Grant Notice for Executive Performance Stock Units [2026], which is absent from the newer filing (2026-08-06).
- The older filing (2026-05-07) included Exhibit 10.2, Form of Grant Notice for Executive Restricted Stock Units [2026], which is absent from the newer filing (2026-08-06).
- Reworded:
- The newer filing (2026-08-06) changes the trading arrangement disclosure period from "first quarter of 2026" (older filing, 2026-05-07) to "second quarter of 2026".
- The newer filing (2026-08-06) changes the Exhibit 3.3 description from "Bylaws of First Horizon Corporation, as amended and restated effective April 27, 2026" with 8-K filing date 4/29/2026 to "Bylaws of First Horizon Corporation, as amended and restated effective July 27, 2026" with 8-K filing date 7/28/2026.
- The newer filing (2026-08-06) changes Exhibit 4.1 from a Deposit Agreement for Series H Preferred Stock to a statement that FHN agrees to furnish instruments defining rights of holders of senior and subordinated long-term debt upon request.
- The newer filing (2026-08-06) changes the XBRL Exhibit 101 description from quarter ended March 31, 2026 to quarter ended June 30, 2026, with corresponding balance sheet dates and income statement periods.
- The signature date changed from May 7, 2026 in the older filing to August 6, 2026 in the newer filing.
- Notes:
- The Risk Factors section text itself is identical in both filings: both state material changes from the Form 10-K are 'Not applicable.'
- The provided excerpts are not limited to the Risk Factors section; they include subsequent Part II items and exhibit tables, so changes reported cover that broader excerpt.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 5 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 90 days · read to 2026-10-040 buys · 5 sells ($455142) — 1 selling insider
- Last 180 days · read to 2026-10-040 buys · 5 sells ($455142) — 1 selling insider
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-20. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about FHN's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
6 institutional 13F filers reported holding FHN as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 6
- Reported shares held 102,740,152
- Reported value $2,637,381,062
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 6 increased, 0 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about FHN's institutional holders → See what each manager we track holds →
Short interest (FINRA)
FHN had 13,712,521 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
FHN had 2.89% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.9 days to cover at the same settlement.
- Reported short interest (shares) 13,712,521
- Short interest (% of shares outstanding) 2.89%
- Prior settlement (shares) 11,217,078
- Reported change 22.25%
- Days to cover (reported) 2.9
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Regions Financial (RF)
- Truist Financial (TFC)
- Synovus Financial (SNV)
- Comerica (CMA)
- Fifth Third Bancorp (FITB)
- KeyCorp (KEY)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does First Horizon Corporation (FHN) do?
First Horizon Corporation is a financial services holding company that operates through its primary subsidiary, First Horizon Bank. The company provides a range of banking, commercial, and financial services, including commercial and industrial lending, commercial real estate financing, and fixed-income sales and trading through its FHN Financial division.
What sector is First Horizon Corporation (FHN) in?
First Horizon Corporation (FHN) is classified in the Financials sector. Its industry is Regional Banking. It trades on NYSE.
Does FHN pay a dividend?
Yes — First Horizon Corporation (FHN) pays a dividend, with an indicated yield of about 2.84% and at least 15 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-09-03). Informational only — not financial advice.
Who are First Horizon Corporation's (FHN) competitors?
Notable peers of First Horizon Corporation (FHN) include Regions Financial, Truist Financial, Synovus Financial, Comerica and Fifth Third Bancorp. This peer set is informational only — not financial advice.
Is First Horizon Corporation (FHN) overbought or oversold right now?
First Horizon Corporation (FHN) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 42, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on FHN come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.