First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The company's reportable segments are: Commercial, Consumer & Wealth, Wholesale, and Corporate.
It is a $10.9B financial services company. Revenue grew 10.3% over the last year, and it keeps 30¢ of every dollar of sales as profit. It trades at 10.4× earnings — in the cheapest third of its own history.
- Website
- firsthorizon.com
- Location
- Memphis, TN
- Employees
- 7 400
- Sector
- Financial Services
- Founded
- 1864
- Next earnings
- Oct 15, 2026 · in 3d
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation; Growth and Health lag behind.
Valuation80
- P/E vs own history31th pct · 20/25
- FCF yield9.3% · 25/25
- P/S1.9x · 25/25
- EV/EBITDAn/a · 10/25
Growth11
- Revenue CAGR2.7% · 6/25
- Net income CAGR-0.4% · 0/25
- EPS CAGR ~5Y-0.3% · 0/25
- Fwd implied growth0.7% · 5/25
Profitability74
- ROIC8.8% · 12/25
- ROE11.7% · 12/25
- Net margin30.0% · 25/25
- Operating margin36.2% · 25/25
Health48
- Altman Z0.11 · 3/25
- Current ration/a · 0/25
- Interest coverageno interest expense · 25/25
- Net cash / debtD/A 3% · 20/25
Quality69
- Piotroski F6/9 · 15/25
- Beneish M-2.41 · 20/25
- FCF conversion98% · 22/25
- Margin stabilityσ 8.0% · 12/25
Moat50
- ROIC >12% years1/8 yrs · 0/25
- Median gross marginn/a · 0/25
- FCF-positive years5/5 yrs · 25/25
- Worst-year net marginworst 12.4% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2023AcquisitionThe bank gained national attention during the 2023 banking crisis, in which multiple regional banks across the…
- FY2021FinancialBest year on record$999M net income
- Oct 25, 2019MilestoneThe change encompassing First Tennessee Bank, Capital Bank, FTB Advisors and FTN Financial became effective at the…
- 2019AcquisitionFirst Horizon merged with IberiaBank to create a bank with $79 billion in assets and $58 billion in loans
- FY2018FinancialPositive free cash flow every year since8-year streak
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$1.27B in first reported year
- 2015AcquisitionFirst Horizon acquired TrustAtlantic in 2015 and Capital Bank Financial in 2017
- 2013AcquisitionAcross the 2010s, First Horizon acquired three regional banks, starting in 2013
- 1999MilestoneTo reflect its diversification, the bank adopted the slogan, "All Things Financial." In 2004, the company…
- 1981MilestoneFirst Express became the first national check-clearing service
- 1972AcquisitionThe corporation acquired five banks in 1972 and changed their names to First Tennessee Bank
- 1969ProductA holding company, First National Holding Corporation, was created in 1969
- 1864FoundedFirst Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Strongly profitable — 30.0% net margin
- Revenue growing 10.3% year over year
- Strong cash conversion — FCF is 28.8% of revenue
Watch-outs
- Altman Z-Score 0.11 — elevated financial-distress risk
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+10.3% YoY
- Profitable — makes more than it spends$1.06B TTM
- Profit growing — earnings are higher than last year+6.5% YoY
- Generates cash — cash left after running and investing$1.02B TTM
- Debt under control — could handle its obligations~2.2y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$10.9B market cap
- Not printing shares — share count not ballooning — you keep your slice+17.8% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 0.1 — distress
- Pays a dividend — returns cash to shareholdersyield 3.06%
- Valuation not extreme — price not wildly above earningsP/E 10.4
Peer comparisonFirst Horizon Corporation vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| FHN this company | $10.9B | 10.4 | +10.3% | 30.0% | Mixed |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: FHN vs BRK.A · FHN vs BRK.B · FHN vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/FHN
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Deeper analysis of FHN on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $23.08 · market cap $10.9B.