FHN vs. KEY: First Horizon vs. KeyCorp Stock Comparison
How do First Horizon (FHN) and KeyCorp (KEY) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
First Horizon (FHN) and KeyCorp (KEY) both belong to the Banks industry, though FHN is classified under Regional Banks while KEY falls under Diversified Banks.
| Profile Item | FHN | KEY |
|---|---|---|
| Name | First Horizon Corporation | KeyCorp |
| Country/Region | United States | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Banks | Banks |
| GICS Industry | Banks | Banks |
| GICS Sub-Industry | Regional Banks | Diversified Banks |
| Market Capitalization | 10.85 billion USD | 22.02 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | March 17, 1980 | November 5, 1987 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FHN | KEY |
|---|---|---|
| Total Return (1Y) | 12.96% | 24.10% |
| Total Return (3Y, Annualized) | 32.94% | 31.53% |
| Total Return (5Y, Annualized) | 10.16% | 3.00% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | FHN | KEY |
|---|---|---|
| Volatility (1Y, Annualized) | 22.55% | 23.07% |
| Beta (5Y) | 0.61 | 1.06 |
| Max Drawdown (5Y) | -60.76% | -65.23% |
| Avg. Volume (3M) | 5.55M | 14.36M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FHN | KEY |
|---|---|---|
| Sharpe Ratio (1Y) | 0.38 | 0.86 |
| Sortino Ratio (1Y) | 0.56 | 1.25 |
Profitability
ROE (TTM)
KeyCorp (KEY) at 11.17% is around its peer norm for ROE, while First Horizon (FHN) at 7.92% drops into the bottom quartile, signaling weaker returns on shareholders’ equity.
FHN
Banks industry group
7.92%
- Max
- 19.84%
- Q3
- 13.67%
- Median
- 11.49%
- Q1
- 9.50%
- FHN
- 7.92%
- Min
- 3.64%
KEY
Banks industry group
11.17%
- Max
- 19.84%
- Q3
- 13.67%
- Median
- 11.49%
- KEY
- 11.17%
- Q1
- 9.50%
- Min
- 3.64%
Net Margin (TTM)
KeyCorp (KEY) at 27.99% keeps about the industry-typical share of revenue as profit, while First Horizon (FHN) at 23.43% retains only a bottom-quartile share.
FHN
Banks industry group
23.43%
- Max
- 47.19%
- Q3
- 35.25%
- Median
- 31.21%
- Q1
- 27.11%
- FHN
- 23.43%
- Min
- 14.93%
KEY
Banks industry group
27.99%
- Max
- 47.19%
- Q3
- 35.25%
- Median
- 31.21%
- KEY
- 27.99%
- Q1
- 27.11%
- Min
- 14.93%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for First Horizon (FHN) in Banks and KeyCorp (KEY) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | FHN | KEY |
|---|---|---|
| ROE (TTM) | 7.92% | 11.17% |
| ROA (TTM) | 0.87% | 1.11% |
| Net Margin (TTM) | 23.43% | 27.99% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
KeyCorp (KEY) at 65.72% clears its industry range for revenue growth, far stronger top-line momentum than First Horizon (FHN) at 7.33%, which is closer to a typical peer reading.
EPS Growth
Only one side can be read here: First Horizon (FHN) reports EPS growth of 37.50%, ranked against its industry; KeyCorp (KEY) has no EPS growth figure this period.
Growth Metrics
| Metric | FHN | KEY |
|---|---|---|
| Revenue Growth (YoY) | 7.33% | 65.72% |
| Revenue Growth (3Y CAGR) | 2.12% | 1.21% |
| EPS Growth (YoY) | 37.50% | -- |
| EPS Growth (3Y CAGR) | 6.92% | -7.65% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: First Horizon (FHN) in Banks and KeyCorp (KEY) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: First Horizon (FHN) in Banks and KeyCorp (KEY) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | FHN | KEY |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
KeyCorp (KEY) at 3.91% delivers top-quartile income for its industry, while First Horizon (FHN) at 2.85% pays a more typical yield — both are credible income propositions, KEY the richer one.
FHN
Banks industry group
2.85%
- Max
- 5.79%
- Q3
- 3.18%
- FHN
- 2.85%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
KEY
Banks industry group
3.91%
- Max
- 5.79%
- KEY
- 3.91%
- Q3
- 3.18%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both First Horizon (FHN) at 47.48% and KeyCorp (KEY) at 45.05% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.
FHN
Banks industry group
47.48%
- Max
- 70.75%
- FHN
- 47.48%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
KEY
Banks industry group
45.05%
- Max
- 70.75%
- KEY
- 45.05%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
Dividend Metrics
| Metric | FHN | KEY |
|---|---|---|
| Dividend Yield (TTM) | 2.85% | 3.91% |
| Dividend Payout Ratio (TTM) | 47.48% | 45.05% |
Valuation
P/E Ratio (TTM)
KeyCorp (KEY) at 11.46 is near its industry’s usual P/E ratio, while First Horizon (FHN) at 16.58 sits in the richer quartile — FHN needs stronger growth or earnings quality to justify the premium.
FHN
Banks industry group
16.58
- Max
- 18.16
- FHN
- 16.58
- Q3
- 13.75
- Median
- 11.81
- Q1
- 10.64
- Min
- 6.49
KEY
Banks industry group
11.46
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- KEY
- 11.46
- Q1
- 10.64
- Min
- 6.49
P/S Ratio (TTM)
P/S ratio is set aside for both First Horizon (FHN) in Banks and KeyCorp (KEY) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.
P/B Ratio (MRQ)
On P/B ratio, both First Horizon (FHN) at 1.34 and KeyCorp (KEY) at 1.39 are valued close to their industries’ norm against book — neither stands out from peers.
FHN
Banks industry group
1.34
- Max
- 2.28
- Q3
- 1.58
- FHN
- 1.34
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
KEY
Banks industry group
1.39
- Max
- 2.28
- Q3
- 1.58
- KEY
- 1.39
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
Valuation Metrics
| Metric | FHN | KEY |
|---|---|---|
| P/E Ratio (TTM) | 16.58 | 11.46 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 1.34 | 1.39 |
| Free Cash Flow Yield (TTM) | -- | -- |