FHN
FIRST HORIZON CORP
Next earnings Jul 15, 2026 · consensus $0.53 EPS, $893M rev
Last earnings -0.3% on 2026-04-15
$25.68
▲ +0.39%$25.68▲ +24.50%
over 1Y
L $19.53H $25.85
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.4%
1W+0.5%
1M+7.7%
3M+11.5%
YTD+8.0%
1Y+24.5%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 24 analysts
Buy
Regional bank with a strong earnings rebound (EPS +37%), heavy buybacks (shares -7.4%) and a cheap 13.3x P/E.
Diluted EPS (FY2025) $1.87 · FY2025
The read
Quality fundamentals and an attractive price line up (~159% below fair value) — the rarer case where both the business and the entry look good.
First Horizon is a Southeastern regional bank delivering a clean earnings recovery at an undemanding valuation. FY2025 net income rose 26.7% to $982M and diluted EPS jumped 37.5% to $1.87 — the EPS growth outpacing net income because the company aggressively shrank its share count by 7.4% via $918M of buybacks (up 46.6% YoY). Revenue grew 7.2% to $3.42B and net margin is a healthy 28.7%, with the franchise recovering to roughly the $982M net-income level it earned back in FY2021 after a softer FY2024 ($775M).
Capital return is a clear part of the story: alongside the large buyback, the bank paid $314M in dividends. Retained earnings grew 14.8% to $5.03B and total assets were stable at $83.9B, indicating disciplined, profitability-focused management rather than balance-sheet-driven growth. Return on equity of 11.1% is solid for a regional bank, and at $24.81 the stock trades at just 13.3x EPS of $1.87 — a reasonable multiple for double-digit returns on equity and capital being returned to shareholders.
Is FHN a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBull call spread~60d expiry
- Long call 26 @ ~0.70 est
- Short call 28 @ ~0.15 est
debit $55max +$145max −$55BE 26.55
BUY verdict with defined risk: the short call finances part of the long one; max loss is the net debit.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | $3.21B | $3.47B | $3.19B | $3.42B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $999M | $900M | $897M | $775M | $982M |
| Diluted EPS | $1.74 | $1.53 | $1.54 | $1.36 | $1.87 |
| Net margin | — | 28.1% | 25.9% | 24.3% | 28.7% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF20.5
PEG (trailing)0.51
Earnings yield8.1%
FCF yield4.9%
Quality & risk
ROIC (est.)—
Free cash flow$595M
Total debt$6.48B
Net cash-$4.89B
Piotroski F-Score5/7
Capital returns
Buyback yield7.5%
Dividend yield (est.)2.6%
Shareholder yield10.1%
Shares Δ YoY-7.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗11-KPeriod ending 2025-12-312026-06-25open ↗4Period ending 2026-05-122026-05-14open ↗4Period ending 2026-05-122026-05-14open ↗4Period ending 2026-05-122026-05-14open ↗4Period ending 2026-05-122026-05-14open ↗4Period ending 2026-05-122026-05-14open ↗4Period ending 2026-05-122026-05-14open ↗4Period ending 2026-05-122026-05-14open ↗4Period ending 2026-05-122026-05-14open ↗4Period ending 2026-05-122026-05-14open ↗10-QPeriod ending 2026-03-312026-05-07open ↗4Period ending 2026-05-052026-05-06open ↗
Frequently asked
- Is FIRST HORIZON CORP (FHN) a buy?
- FHN currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Regional bank with a strong earnings rebound (EPS +37%), heavy buybacks (shares -7.4%) and a cheap 13.3x P/E.
- What is FHN's fair value?
- A Modified-Graham model based on FHN's SEC fundamentals estimates a fair value of about $66.59. It is an estimate from reported earnings, not a price target.
- Is FHN overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, FHN currently appears undervalued relative to its SEC-grounded earnings power.
- What is FIRST HORIZON CORP's quality score?
- FHN scores 80.46287204183896/100 (grade A-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000036966, latest 10-Q filed 2026-05-07) · EODHD · Proprietary analysis · as of 6/21/2026, 8:47:24 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:47 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.