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23.73 USD
P/E
11.84
EPS
1.99
Yield
2.63%
Safety Score
85
P/B
1.33
ROE
11.26
Beta
0.63
Target Price
26.84 USD
First Horizon Corporation logo

First Horizon Corporation

🧾 Earnings Recap – Q1 2026

First Horizon reported solid Q1 2026 earnings with adjusted ROTCE of 15.1%, driven by strong C&I loan growth and disciplined deposit management, reflecting resilient profitability amid market headwinds.

  • Net interest income rose 6% YoY, outperforming loan growth of 3%, supported by deposit cost control and yield management.
  • C&I portfolio expanded by $624 million, highlighting momentum in core commercial lending, despite headwinds in CRE and consumer segments.
  • Strong capital position with CET1 at 10.53%, and $400 million in preferred stock issuance boosting Tier 1 ratio to 11.95%.
  • Expense discipline evident with a $32 million quarterly decrease, including lower personnel and outside services costs.
  • Credit metrics remain stable with net charge-offs at 18 bps and provision levels aligned with expectations.
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Key Metrics
Earnings dateJuly 15, 2026
P/E11.84
EPS1.99
Book Value17.71
Price to Book1.33
% Insiders0.963%
Growth
Revenue Growth0.10%
Earnings Growth0.29%
Estimates
Forward P/E10.03
Forward EPS2.35
Target Mean Price26.84
Dividend
Dividend Yield2.63%
Annual dividends0.62 USD
Ex-Div. DateJune 12, 2026
Payout32.13%
5y avg Yield3.82%

DCF Valuation

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DCF Result

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Terminal PV
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First Horizon Corporation Logo First Horizon Corporation Analysis (FHN)

United States Financials Official Website Stock

Is First Horizon Corporation a good investment? First Horizon Corporation (FHN) is currently trading at 23.73 USD. Market analysts have a consensus price target of 26.84 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 11.84. This relatively low multiple may signal that First Horizon Corporation is undervalued compared to historical market norms.

Earnings Schedule: First Horizon Corporation is expected to release its next earnings report on July 15, 2026. The market consensus estimate for Forward EPS is 2.35.

For income investors, First Horizon Corporation pays a dividend yield of 2.63%. With a payout ratio of 32%, the dividend appears sustainable.

Investor FAQ

Does First Horizon Corporation pay a dividend?

Yes, it pays an annual dividend of 0.62 USD (2.63% yield).

What asset class is First Horizon Corporation?

First Horizon Corporation is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be July 15, 2026. The company currently has a trailing EPS of 1.99.

Company Profile

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. It operates through Regional Banking, Specialty Banking, and Corporate segments. The company offers commercial banking, business banking, consumer banking, private client investment, wealth management, financial planning, trust and asset management services, asset-based lending, commercial real estate, equipment finance/leasing, energy finance, international banking, healthcare finance, transportation and logistics finance, treasury management solutions, and loan syndications services. It also provides fixed income securities sales, trading, underwriting, and strategies for institutional clients; loan sales; portfolio advisory services; derivative sales; mortgage warehouse lending; franchise finance; corporate and correspondent banking; and mortgage origination services. Further, it provides transaction processing services, credit card products, and sale of mutual funds. First Horizon Corporation was formerly known as First Horizon National Corporation and changed its name to First Horizon Corporation in April 2004. The company was founded in 1864 and is headquartered in Memphis, Tennessee.

Exchange Ticker
NYQ (United States) FHN
Dividend Yield

2.63% (5y avg: 3.82%)

Annual Dividends

0.62 USD

Next ex. div date

June 12, 2026

Payout Ratio

32.13%

Historical Dividends
Year Total Dividends
2027 0.32 USD
2026 0.64 USD
2025 0.60 USD
2024 0.60 USD
2023 0.60 USD
2022 0.60 USD
2021 0.60 USD
2020 0.59 USD
2019 0.54 USD
2018 0.45 USD
2017 0.34 USD
2016 0.27 USD
2015 0.23 USD
2014 0.20 USD
2013 0.16 USD
2012 0.04 USD
2011 0.03 USD
2008 0.81 USD
2007 1.72 USD
2006 1.72 USD
2005 1.64 USD
2004 1.53 USD
2003 1.15 USD
2002 0.96 USD
2001 0.84 USD
2000 0.84 USD
1999 0.73 USD
1998 0.80 USD
1997 1.20 USD
1996 1.63 USD
1995 1.88 USD
1994 1.68 USD
1993 1.44 USD
1992 1.50 USD
1991 1.68 USD
1990 1.60 USD
1989 1.55 USD
1988 1.42 USD
1987 1.32 USD
1986 3.90 USD
1985 6.87 USD
1984 1.86 USD

Yearly aggregated dividends

Dividends

First Horizon Corporation
Jul 01, 2026 Upcoming
Dividend
0.17 USD
First Horizon Corporation
Apr 01, 2026 Paid
Dividend
0.17 USD
First Horizon Corporation
Jan 02, 2026 Paid
Dividend
0.15 USD
First Horizon Corporation
Oct 01, 2025 Paid
Dividend
0.15 USD
First Horizon Corporation
Jul 01, 2025 Paid
Dividend
0.15 USD

Historical Split Corporate Actions

Split Date Split Ratio to 1
Sept. 10, 2008 1.030000
Sept. 9, 2009 1.020000
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