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FHN-PE

First Horizon Corporation

FHN-PE

First Horizon Corporation • NYSE
$24.56 ▲ 0.16% (+0.04)
Market Cap $12.64 B
52w High $26.25
52w Low $22.77
Dividend Yield 1.63%
P/E 14.62
Volume 7.05K
Outstanding Shares 514.54M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $889M ▼ $551M ▲ $262M ▲ 29.471% ▲ $0.5 ▲ $364M ▲
Q2-2025 $1.21B ▲ $468M ▲ $240M ▲ 19.835% ▲ $0.46 ▲ $319M ▲
Q1-2025 $1.172B ▲ $464M ▼ $218M ▲ 18.601% ▲ $0.41 ▲ $307M ▲
Q4-2024 $1.141B ▼ $483M ▼ $166M ▼ 14.549% ▼ $0.3 ▼ $229M ▼
Q3-2024 $1.294B $486M $218M 16.847% $0.4 $312M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $10.244B ▼ $83.192B ▲ $73.948B ▲ $8.949B ▼
Q2-2025 $11.261B ▲ $82.084B ▲ $72.826B ▲ $8.962B ▲
Q1-2025 $8.753B ▼ $81.491B ▼ $72.447B ▼ $8.749B ▼
Q4-2024 $8.937B ▼ $82.152B ▼ $73.041B ▼ $8.816B ▼
Q3-2024 $10.562B $82.635B $73.319B $9.021B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $265M ▲ $-200M ▼ $-16M ▲ $387M ▼ $171M ▲ $-182M ▼
Q2-2025 $245M ▲ $83M ▼ $-776M ▼ $565M ▲ $-128M ▼ $74M ▼
Q1-2025 $222M ▲ $349M ▲ $693M ▲ $-936M ▼ $106M ▲ $340M ▲
Q4-2024 $170M ▼ $191M ▼ $-256M ▼ $-434M ▼ $-499M ▼ $174M ▼
Q3-2024 $223M $389M $482M $-291M $580M $383M

Revenue by Products

Product Q2-2023Q3-2023Q1-2024Q2-2024
Underwriting Portfolio Advisory and Other Noninterest Income
Underwriting Portfolio Advisory and Other Noninterest Income
 $10.00M ▲$10.00M ▲$10.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement The bank’s revenue has moved steadily upward over the past several years, which suggests that its core businesses are still attracting customers and generating activity. Profitability, however, has not improved at the same pace. Earnings have been fairly stable rather than growing, and per‑share profits have eased back from earlier peaks. This points to some pressure on margins, likely from a tougher interest rate environment and higher operating costs. Overall, the income statement shows a solid, diversified earning engine, but not one that is currently in a strong growth phase on the bottom line.

Balance Sheet

Balance Sheet The balance sheet looks generally steady and conservative for a regional bank. Total assets and equity have been relatively stable, indicating no aggressive balance sheet expansion or contraction. Debt levels have ticked up but remain moderate compared with the overall size of the institution, suggesting a manageable use of leverage. Cash levels are far lower than during the pandemic period but appear closer to normal for a bank that has redeployed excess liquidity into loans and securities. In short, the financial foundation appears sound, with no obvious balance sheet stress but also no recent step‑change in strength.

Cash Flow

Cash Flow Cash generation from the core business has been consistently positive, which is a healthy sign for any bank. After a dip a few years ago, operating cash flow rebounded strongly and has since remained solid. Free cash flow has stayed positive throughout the period, helped by very modest spending on physical and technology assets relative to the size of the business. This pattern suggests that First Horizon has enough internal cash to support operations, invest selectively in technology, and maintain capital returns, without relying heavily on external funding for day‑to‑day needs.

Competitive Edge

Competitive Edge First Horizon operates as a regional bank with deep roots in the Southeastern U.S., which gives it strong community relationships and local knowledge. It combines traditional strengths—commercial banking, retail banking, and wealth services—with a visible push into technology. Its diversified revenue mix across business and consumer clients helps cushion the impact of swings in any one segment. At the same time, the bank faces the usual pressures in regional banking: intense pricing competition for deposits, the need to stand out in digital services, and sensitivity to local economic conditions. Its growing tech capabilities and focused footprint give it some differentiation, but it still competes in a crowded field of regional and national players.

Innovation and R&D

Innovation and R&D Innovation is an area of emphasis and a potential advantage for First Horizon. The bank has committed a sizable technology budget and is expanding its tech workforce to modernize core systems, move more activity to the cloud, and support a digital‑only brand. Partnerships with specialist fintech platforms for core banking, online lending, and real‑time payments allow it to add advanced capabilities without building everything in‑house. It is also experimenting with artificial intelligence both behind the scenes—such as portfolio analytics and call‑center tools—and in customer‑facing experiences like a next‑generation mobile app and loyalty program. Collectively, this points to a bank trying to behave more like a tech‑enabled financial platform than a traditional branch‑centric lender.

Summary

First Horizon shows the profile of a relatively steady regional bank that is using technology to reposition itself for the future. Financial results over recent years indicate stable, dependable earnings rather than rapid profit growth, supported by a generally solid balance sheet and consistent cash generation. The competitive backdrop remains challenging, but the bank’s strong regional presence, diversified business lines, and push into digital banking, real‑time payments, and AI‑enabled tools give it some distinct strengths. The main things to watch going forward are whether its technology investments translate into faster growth, improved efficiency, and stronger customer loyalty, and how effectively it navigates the interest‑rate and credit cycles that drive regional bank performance.