First Horizon FHN
United StatesFinancial Services · Banks - RegionalUSD
27.45 USD (+19.4%)
21 analysts
Trading 2120.30 €Open account ↗
Lightyear0.90 €Open account ↗
N260.90 €Open account ↗
XTB1.00 €★ featured · affiliateOpen account ↗Trading 2120.30 €Open account ↗Lightyear0.90 €Open account ↗XTB1.00 €★ featured · affiliateOpen account ↗200.00 € order · cheapest cheapest available in your country iCompare all 22 brokers →What does it do?
First Horizon Corporation is a regional bank headquartered in Memphis, Tennessee, offering commercial, consumer, and wealth management banking services, primarily in the southeastern United States.
Key points
from its scores- ✓High-quality business9.1
- ✓Favourable backdrop7.4
- ✓Strong growth7.0
- ✕Poor share-price trend4.2
- ✕Fragile balance sheet4.3
AI analysis
bottom line, main risk, context and newsIts valuation is attractive and its quality is high, but the rising rate environment and regulatory scrutiny warrant caution before adding to positions.
First Horizon shows solid financial health (ROE 11.45%, ROA 1.29%) and a strong moat quality (operating margin 41.28%), with a reasonable valuation (P/E 11.05) and 20% earnings growth. The main challenge is the rising rate environment in the US, which could compress net interest margins, although its capital base and operational efficiency provide room to manage it.
First Horizon's main risk is margin compression from the rise in long-term US rates, which could reduce the profitability of its loan and mortgage portfolio in a slowing economy.
Context and risks
First Horizon operates in the US regional banking sector, subject to active regulatory scrutiny and capital requirements that could tighten. Its lending and mortgage business is sensitive to interest rates, and the recent rise in long-term US rates could compress net interest margins if not passed through to loan pricing.
Is First Horizon stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 25% below the Financial Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 11.1 | 13.7 | −19% |
| Price / book | 1.3 | 1.9 | −31% |
| Price / sales | 3.1 | 3.5 | −10% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.2 out of 10 (median for Financial Services: 5.2).
Average analyst target: 27.45 USD, +19.4% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 4.3 (sector 5.5), Growth 7.0 (sector 6.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 11.1
- Forward P/E
- 9.9
- Price / book
- 1.3
- Price / sales
- 3.1
- PEG
- 1.76
- Market cap
- 10.9B USD
- Enterprise value
- 12.1B USD
Profitability
- ROE
- 11.5%
- ROA
- 1.3%
- ROIC (approx.)
- 10.9%
- Gross margin
- 0.0%
- Operating margin
- 41.3%
- Net margin
- 30.2%
Solvency
- Total debt
- 4.8B USD
- Net debt
- 225.0M USD
- Cash
- 4.5B USD
Growth
- Revenue growth
- +9.0%
- Earnings growth
- +20.0%
- EPS (TTM)
- 2.08 USD
- EPS (forward)
- 2.32 USD
Dividend
- Dividend yield
- 3.0%
- Payout
- 30.8%
Risk and market
- Beta
- 0.63
- Analyst consensus
- Buy (21)
- Target price
- 27.45 USD
- 52-week range
- 19.80 – 26.56
Recent news
All FHN news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about First Horizon
Is First Horizon stock cheap or expensive?
On P/E and Price / book, it trades 25% below the Financial Services median on average. Valuation score: 6.2 out of 10 (median for Financial Services: 5.2). Average analyst target: 27.45 USD, +19.4% versus the price. This is not investment advice.
What score does First Horizon get on MeridIAn Screener?
It scores 6.6 out of 10, rank 443 of 2,130 (better than 77% of the companies analysed). Its strongest category is Quality / Moat (9.1) and its weakest, Momentum (4.2). Analysis of 08/10/2026.
What is First Horizon's P/E ratio?
Its P/E is 11.1: the share price equals 11.1 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 9.9.
How much is First Horizon worth on the stock market?
Its market capitalisation is 10.9B USD.
Does First Horizon pay a dividend?
Yes: its dividend yield is 2.96% and it pays out 31% of its earnings.
How has First Horizon stock performed over the last year?
It has risen 6.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 19.80 and 26.56 USD. Past performance does not guarantee future results.
What do analysts think of First Horizon?
21 analysts cover it; their average recommendation is “Buy” and their average target is 27.45 USD (+19.4% versus the price). It is an estimate, not market data.