First Horizon (FHN) Stock Analysis

November 11, 2026

This is a peer-relative look at First Horizon (FHN): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Banks peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for First Horizon (FHN)
Profile Item	FHN
Name	First Horizon Corporation
Country/Region	United States
GICS Sector	Financials
GICS Industry Group	Banks
GICS Industry	Banks
GICS Sub-Industry	Regional Banks
Market Capitalization	10.85 billion USD
Currency	USD
Exchange	NYSE
Listing Date	March 17, 1980
Security Type	Common Stock

Price Performance

Cumulative Growth

FHN

GSPC

First Horizon (FHN) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for First Horizon (FHN) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for First Horizon (FHN) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

First Horizon (FHN) metric values compared with Banks industry-group medians
Metric	Current stock: FHN	Industry group median
Total Return (1Y)	12.96%	30.28%
Total Return (3Y, Annualized)	32.94%	26.57%
Total Return (5Y, Annualized)	10.16%	9.43%

Risk Profile

Drawdown History

FHN

GSPC

First Horizon (FHN) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for First Horizon (FHN) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

First Horizon (FHN) metric values compared with Banks industry-group medians
Metric	Current stock: FHN	Industry group median
Volatility (1Y, Annualized)	22.55%	24.34%
Beta (5Y)	0.61	0.72
Max Drawdown (5Y)	-60.76%	-43.36%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. FHN is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

First Horizon (FHN) metric values compared with Banks industry-group medians
Metric	Current stock: FHN	Industry group median
Sharpe Ratio (1Y)	0.38	1.08
Sortino Ratio (1Y)	0.56	1.61

Profitability

ROE (TTM)

First Horizon (FHN) posts ROE of 7.92%, in the lower peer quartile. Shareholders’ equity is not producing as much profit as it does at most peers, so margins, asset turns, or balance-sheet structure deserve a closer look.

FHN

Banks industry group

7.92%

Group distribution

Max: 19.84%
Q3: 13.67%
Median: 11.49%
Q1: 9.50%
FHN: 7.92%
Min: 3.64%

Largest peers

JPM: 18.01%
RY: 16.21%
HSBC: 14.22%
WFC: 12.91%
BAC: 10.73%
MUFG: 9.46%
FHN: 7.92%

Where First Horizon (FHN) stands on ROE within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

First Horizon (FHN) keeps 23.43% of revenue as net profit, in the lower peer quartile for net margin. More of each sales dollar is being absorbed by costs, financing, taxes, or other charges than at most peers.

FHN

Banks industry group

23.43%

Group distribution

Max: 47.19%
Q3: 35.25%
Median: 31.21%
Q1: 27.11%
FHN: 23.43%
Min: 14.93%

Largest peers

HSBC: 41.16%
JPM: 34.59%
RY: 33.87%
BAC: 28.06%
WFC: 27.64%
MUFG: 27.45%
FHN: 23.43%

Where First Horizon (FHN) stands on net margin within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

operating margin is set aside for First Horizon (FHN) in Banks: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

First Horizon (FHN) metric values compared with Banks industry-group medians
Metric	Current stock: FHN	Industry group median
ROE (TTM)	7.92%	11.49%
ROA (TTM)	0.87%	1.24%
Net Margin (TTM)	23.43%	31.21%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

First Horizon (FHN) grew revenue 7.33%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

First Horizon (FHN): Revenue Growth across different time periods, set against Banks industry-group medians.

EPS Growth

First Horizon (FHN) grew earnings per share 37.50%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

First Horizon (FHN): EPS Growth across different time periods, set against Banks industry-group medians.

Growth Metrics

First Horizon (FHN) metric values compared with Banks industry-group medians
Metric	Current stock: FHN	Industry group median
Revenue Growth (YoY)	7.33%	11.23%
Revenue Growth (3Y CAGR)	2.12%	6.33%
EPS Growth (YoY)	37.50%	16.14%
EPS Growth (3Y CAGR)	6.92%	3.15%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for First Horizon (FHN) in Banks: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for First Horizon (FHN) in Banks: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

First Horizon (FHN) metric values compared with Banks industry-group medians
Metric	Current stock: FHN	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

First Horizon (FHN) has dividend yield of 2.85%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

FHN

Banks industry group

2.85%

Group distribution

Max: 5.79%
Q3: 3.18%
FHN: 2.85%
Median: 2.39%
Q1: 1.20%
Min: 0.00%

Largest peers

MUFG: 406.81%
RY: 3.23%
FHN: 2.85%
BAC: 2.33%
WFC: 2.19%
JPM: 1.82%
HSBC: 0.86%

Where First Horizon (FHN) stands on dividend yield within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

First Horizon (FHN) has payout ratio of 47.48%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

FHN

Banks industry group

47.48%

Group distribution

Max: 70.75%
FHN: 47.48%
Q3: 41.28%
Median: 29.26%
Q1: 18.98%
Min: 0.00%

Largest peers

HSBC: 53.57%
FHN: 47.48%
RY: 41.49%
MUFG: 34.74%
BAC: 27.62%
WFC: 26.09%
JPM: 25.80%

Where First Horizon (FHN) stands on payout ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

First Horizon (FHN) metric values compared with Banks industry-group medians
Metric	Current stock: FHN	Industry group median
Dividend Yield (TTM)	2.85%	2.39%
Dividend Payout Ratio (TTM)	47.48%	29.26%

Valuation

P/E Ratio (TTM)

First Horizon (FHN) trades at P/E ratio of 16.58, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

FHN

Banks industry group

16.58

Group distribution

Max: 18.16
FHN: 16.58
Q3: 13.75
Median: 11.81
Q1: 10.64
Min: 6.49

Largest peers

RY: 17.58
FHN: 16.58
JPM: 14.03
MUFG: 13.71
WFC: 11.84
BAC: 11.79
HSBC: 11.38

Where First Horizon (FHN) stands on P/E ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

P/S ratio is not assessed for First Horizon (FHN) in Banks: the revenue line is driven by spread economics rather than conventional product or service sales, so book value or earnings usually carry more weight.

P/B Ratio (MRQ)

First Horizon (FHN) trades at 1.34 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

FHN

Banks industry group

1.34

Group distribution

Max: 2.28
Q3: 1.58
FHN: 1.34
Median: 1.32
Q1: 1.10
Min: 0.59

Largest peers

HSBC: 6.87
RY: 2.92
JPM: 2.53
MUFG: 1.64
WFC: 1.59
FHN: 1.34
BAC: 1.26

Where First Horizon (FHN) stands on P/B ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

First Horizon (FHN) metric values compared with Banks industry-group medians
Metric	Current stock: FHN	Industry group median
P/E Ratio (TTM)	16.58	11.81
P/S Ratio (TTM)	--	--
P/B Ratio (MRQ)	1.34	1.32
Free Cash Flow Yield (TTM)	--	--