Stock Analysis
First Horizon CorporationFHN
P/E 10.26×· 5Y range 5.58–16.36×· 30th percentile of history
Sector: Financial Services · Industry: National Commercial Banks
AnalystsHold24 analystsP/E 10.3× sits at the 30th percentile of its 5.062286105407256-year history.
Cash covers 24% of debt · Q2 2026.
PMP Verdict
Weak fundamentals
Strengths
- Quality69
- Profitability67
Risks
- Growth12
- Financial Health26
Weak fundamentals — valuation is the only support.
What's happening with FHN
Profile
Strong valuation; growth and financial health lag behind.
How is each axis scored?
- Valuation85/100 · Strong
- P/E vs own history (30th pct)20/25
- FCF yield (9.4%)25/25
- P/S (3.1x)20/25
- EV/EBIT (11.3x)20/25
- Growth12/100 · Weak
- Revenue CAGR (2.7%)6/25
- Net income CAGR (-0.4%)0/25
- EPS CAGR 5Y (1.5%)6/25
- Fwd implied growth (-0.6%)0/25
- Profitability67/100 · Moderate
- ROIC (7.7%)5/25
- ROE (11.2%)12/25
- Net margin (30.0%)25/25
- Operating margin (36.3%)25/25
- Financial Health26/100 · Weak
- Altman Z (0.11)3/25
- Current ratio (n/a)0/25
- Interest coverage (0.6x)3/25
- Net cash / debt (D/A 4%)20/25
- Quality69/100 · Moderate
- Piotroski F (6/9)15/25
- Beneish M (-2.41)20/25
- FCF conversion (96%)22/25
- Margin stability (σ 8.0%)12/25
- Moat50/100 · Moderate
- ROIC >12% years (1/8 yrs)0/25
- Median gross margin (n/a)0/25
- FCF-positive years (5/5 yrs)25/25
- Worst-year net margin (worst 12.4%)25/25
Risk Flags
- ⚠Altman Z 0.1 — distress-zone balance sheet
- ⚠Interest coverage 0.6× — thin debt cushion
About First Horizon Corporation
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. Show more
The company's reportable segments are: Commercial, Consumer & Wealth, Wholesale, and Corporate. The majority of its revenue is generated from Commercial, Consumer & Wealth. The Commercial, Consumer & Wealth segment offers financial products and services, including traditional lending and deposit taking, to commercial and consumer clients in the southern USA and other selected markets. The Wholesale segment delivers industry-specific products and services, while the Corporate segment provides internal support functions like finance, risk, and audit.
Headquarters: MEMPHIS, TN · Employees: 7,400 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
85AP/E (TTM)10.2xA
Grade A: CheapPrice / TTM EPS (own statements) — vs own 5Y history: 5.6x–16.4x · 30th pct
P/FCF8.9xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield9.4%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 2.8%–17.3% · 75th pct
P/S (TTM)3.07xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 1.6x–4.6x · 35th pct
EV/EBIT11.3xA
Grade A: CheapEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 11.0x–12.5x · 9th pct
EV/Sales—
Enterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E10.3xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio1.14xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.96A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield3.06%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio31.8%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
67BROIC7.7%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE11.2%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA1.3%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin30.0%A
Grade A: HighNet Income / Revenue
Operating Margin36.3%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin—
Gross Profit / Revenue
FCF Margin28.8%A
Grade A: HighFCF / Revenue
True FCF Margin27.3%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
12ERevenue CAGR2.7%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-0.4%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)1.5%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth-0.6%D
Grade D: Decl.Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-15.0%A
Grade A: BuybacksShare count change over 5Y
SBC / Net Income5.2%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue1.6%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
26EAltman Z-Score0.11D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio—
Current Assets/Liabilities
Quick Ratio—
(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage0.6xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment3.6yC
Grade C: AverageYears to repay net debt via FCF
Net Debt/EBIT2.8xC
Grade C: MedLeverage. <2x Low, >4x High
Debt/Equity0.50xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.24xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
69BPiotroski F-Score6/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.41A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion96.2%A
Grade A: StrongFCF / Net Income
Margin Stability8.0%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue1.2%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover—
Revenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
ARDOIN ELIZABETH A Filed | ARDOIN ELIZABETH A | Option exercise | -1000 | |
ARDOIN ELIZABETH A Filed | ARDOIN ELIZABETH A | Option exercise | -6724 | |
ARDOIN ELIZABETH A Filed | ARDOIN ELIZABETH A | Option exercise | -3324 | |
ARDOIN ELIZABETH A Filed | ARDOIN ELIZABETH A | Option exercise | -3763 | |
ARDOIN ELIZABETH A Filed | ARDOIN ELIZABETH A | Option exercise | -3502 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
ARDOIN ELIZABETH A Filed | ARDOIN ELIZABETH A | Option exercise | -4258 | |
ARDOIN ELIZABETH A Filed | ARDOIN ELIZABETH A | SellOpen market sale | -1000 | |
ARDOIN ELIZABETH A Filed | ARDOIN ELIZABETH A | Option exercise | +1.0K |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
50CROIC >12% Years1/8 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)—
Median annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years5/5 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor12.4%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$2.23
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$1.83
Cash & short-term investments per share (Finnhub)
Book Value / Share$19.34
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$4.76B
Total debt obligations (short + long term)
Cash & Equiv.$1.12B
Cash and short-term investments
Net Debt$3.64B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$9.46B
Shareholders' equity (book value)
Asset / Liability—
Total Assets / Total Liabilities
Market
Market Cap$10.81B
Current Market Capitalization
Beta0.64B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: First Horizon Corporation (FHN)
Piotroski F-Score of 6/9 indicates mixed fundamentals for First Horizon Corporation. Altman Z-Score of 0.11 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -2.41 suggests a low likelihood of earnings manipulation. First Horizon Corporation converts about 29% of revenue into free cash flow — strong cash generation.
- Takes ~3.6 years to repay net debt from free cash flow.
- Interest coverage of 0.6× leaves little room for earnings shocks.
- At a valuation score of 85/100, FHN trades near the cheapest end of its own historical range (P/E 10.2).
- The stock currently yields 3.1% in dividends.
See how FHN ranks on the Capex Tracker — top 50 capital spenders compared.
Earnings
View earnings calendar →Recent Earnings Results
| Date | Time | EPS Est. | EPS Actual | Surprise | Rev Est. | Rev Actual |
|---|---|---|---|---|---|---|
| Oct 15, 2026 | Pre-Mkt | $0.53 | — | — | $900.3M | — |
Recent Market Moves
See all FHN moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 2 | Regular | 23.41 | +1.54% | 2.04 |
| Oct 2 | After-hours | 23.42 | +1.61% | 2.10 |
| Sep 22 | After-hours | 23.35 | -2.42% | -2.20 |
Frequently Asked Questions about FHN
What is the current First Horizon Corporation (FHN) stock price?
FHN is trading at $22.88 at the last market close, up 0.09% on the session. PreMarketPrice tracks FHN pre-market, intraday and after-hours prices.
Is FHN stock a buy right now?
PreMarketPrice's quantitative model rates First Horizon Corporation's financial health at 26/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is FHN stock overvalued?
First Horizon Corporation trades at a trailing P/E of 10.2 and our valuation score rates it 85/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does First Horizon Corporation report earnings?
No confirmed earnings date is currently scheduled for FHN. The Earnings section lists recent reports and updates as dates are announced.
What sector does First Horizon Corporation operate in?
First Horizon Corporation operates in the Financial Services sector, within the National Commercial Banks industry. The Related Stocks section lists sector peers for comparison.
What does First Horizon Corporation do?
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee.
About First Horizon Corporation (FHN) Stock
First Horizon Corporation (FHN) is a US-listed stock operating in the Financial Services sector, specifically the National Commercial Banks industry. As of the latest update, First Horizon Corporation is trading at $22.88, up 0.09% on the day with a market capitalization of $10.8 billion. The financial health score for FHN is 26/100, which indicates poor financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for FHN stock.
FHN Stock Analysis & Key Metrics
On PreMarketPrice, you can track First Horizon Corporation (FHN) across multiple dimensions:
- Pre-market price & movement: Real-time FHN stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Earnings calendar: Upcoming and past earnings reports for FHN, including EPS estimates, actual results, and surprise percentages.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for FHN with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for First Horizon Corporation across multiple reporting periods.
- Financial health score: A composite score of 26/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for FHN.
- Sector peers: Compare FHN against 6 other financial services stocks on key financial metrics.
Is FHN a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate First Horizon Corporation (FHN) as an investment. The financial health score of 26/100 suggests poor financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average. Earnings data reveals whether the company is meeting or beating analyst expectations.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.First Horizon Corporation (FHN) trades on NYSE. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.