FHN vs. PNC: First Horizon vs. PNC Financial Services Stock Comparison
How do First Horizon (FHN) and PNC Financial Services (PNC) 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 PNC Financial Services (PNC) both belong to the Banks industry, though FHN is classified under Regional Banks while PNC falls under Diversified Banks.
| Profile Item | FHN | PNC |
|---|---|---|
| Name | First Horizon Corporation | The PNC Financial Services Group, Inc. |
| 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 | 89.43 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | March 17, 1980 | November 17, 1975 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FHN | PNC |
|---|---|---|
| Total Return (1Y) | 12.96% | 30.50% |
| Total Return (3Y, Annualized) | 32.94% | 29.46% |
| Total Return (5Y, Annualized) | 10.16% | 6.26% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | FHN | PNC |
|---|---|---|
| Volatility (1Y, Annualized) | 22.55% | 21.60% |
| Beta (5Y) | 0.61 | 0.90 |
| Max Drawdown (5Y) | -60.76% | -47.98% |
| Avg. Volume (3M) | 5.55M | 1.77M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FHN | PNC |
|---|---|---|
| Sharpe Ratio (1Y) | 0.38 | 1.21 |
| Sortino Ratio (1Y) | 0.56 | 1.77 |
Profitability
ROE (TTM)
PNC Financial Services (PNC) at 13.10% 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%
PNC
Banks industry group
13.10%
- Max
- 19.84%
- Q3
- 13.67%
- PNC
- 13.10%
- Median
- 11.49%
- Q1
- 9.50%
- Min
- 3.64%
Net Margin (TTM)
PNC Financial Services (PNC) at 31.68% 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%
PNC
Banks industry group
31.68%
- Max
- 47.19%
- Q3
- 35.25%
- PNC
- 31.68%
- Median
- 31.21%
- Q1
- 27.11%
- Min
- 14.93%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for First Horizon (FHN) in Banks and PNC Financial Services (PNC) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | FHN | PNC |
|---|---|---|
| ROE (TTM) | 7.92% | 13.10% |
| ROA (TTM) | 0.87% | 1.33% |
| Net Margin (TTM) | 23.43% | 31.68% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both First Horizon (FHN) at 7.33% and PNC Financial Services (PNC) at 10.90% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
First Horizon (FHN) at 37.50% sits in the top EPS growth quartile, while PNC Financial Services (PNC) at 20.74% is closer to the peer norm — faster per-share earnings growth for FHN.
Growth Metrics
| Metric | FHN | PNC |
|---|---|---|
| Revenue Growth (YoY) | 7.33% | 10.90% |
| Revenue Growth (3Y CAGR) | 2.12% | 3.01% |
| EPS Growth (YoY) | 37.50% | 20.74% |
| EPS Growth (3Y CAGR) | 6.92% | 6.20% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: First Horizon (FHN) in Banks and PNC Financial Services (PNC) 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 PNC Financial Services (PNC) 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 | PNC |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both First Horizon (FHN) at 2.85% and PNC Financial Services (PNC) at 3.13% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
FHN
Banks industry group
2.85%
- Max
- 5.79%
- Q3
- 3.18%
- FHN
- 2.85%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
PNC
Banks industry group
3.13%
- Max
- 5.79%
- Q3
- 3.18%
- PNC
- 3.13%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
PNC Financial Services (PNC) at 37.81% pays out a band-typical share of earnings, while First Horizon (FHN) at 47.48% distributes more than its industry norm — less retained, thinner cover.
FHN
Banks industry group
47.48%
- Max
- 70.75%
- FHN
- 47.48%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
PNC
Banks industry group
37.81%
- Max
- 70.75%
- Q3
- 41.28%
- PNC
- 37.81%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
Dividend Metrics
| Metric | FHN | PNC |
|---|---|---|
| Dividend Yield (TTM) | 2.85% | 3.13% |
| Dividend Payout Ratio (TTM) | 47.48% | 37.81% |
Valuation
P/E Ratio (TTM)
PNC Financial Services (PNC) at 12.00 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
PNC
Banks industry group
12.00
- Max
- 18.16
- Q3
- 13.75
- PNC
- 12.00
- Median
- 11.81
- Q1
- 10.64
- Min
- 6.49
P/S Ratio (TTM)
P/S ratio is set aside for both First Horizon (FHN) in Banks and PNC Financial Services (PNC) 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)
First Horizon (FHN) at 1.34 is valued about in line with its industry on P/B ratio, while PNC Financial Services (PNC) at 1.59 carries an above-peer premium to book — PNC is pricier on assets.
FHN
Banks industry group
1.34
- Max
- 2.28
- Q3
- 1.58
- FHN
- 1.34
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
PNC
Banks industry group
1.59
- Max
- 2.28
- PNC
- 1.59
- Q3
- 1.58
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
Valuation Metrics
| Metric | FHN | PNC |
|---|---|---|
| P/E Ratio (TTM) | 16.58 | 12.00 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 1.34 | 1.59 |
| Free Cash Flow Yield (TTM) | -- | -- |