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First Horizon Corporation

FHN Financial Banks Regional

First Horizon Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.0 billion, down 0.95% from fiscal 2024. In the quarter to September 2026, revenue fell 39.6%, EPS fell 133.3%, free cash flow grew 664.9% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

22.88 0.02 +0.09%
Market cap
$10.8B
P/E
15.9×
Fwd P/E
11.3×
Dividend yield
2.88%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

First Horizon Corporation (FHN) Business Profile

Updated before January 2025

Company Overview

First Horizon Corporation (FHN) is a leading financial services company headquartered in Memphis, Tennessee. Established in 1864, the company has a rich history of providing banking and financial solutions to individuals, businesses, and institutions. Over the years, FHN has grown through strategic acquisitions and organic expansion, solidifying its position as a prominent player in the U.S. banking sector. The company operates under the First Horizon Bank brand and is publicly traded on the New York Stock Exchange under the ticker symbol FHN.

Key leadership at First Horizon Corporation includes Bryan Jordan, who serves as the Chairman, President, and Chief Executive Officer. Under his leadership, the company has focused on innovation, customer-centric services, and sustainable growth. The executive team is complemented by a board of directors with extensive experience in banking, finance, and corporate governance.

Core Business Segments

First Horizon Corporation operates through several core business segments, each designed to cater to the diverse needs of its clientele. These segments include:

1. Consumer Banking

This segment focuses on providing retail banking services to individual customers. Key offerings include:

  • Checking and Savings Accounts: A variety of account options tailored to meet different financial needs.
  • Mortgage Lending: Home loans and refinancing solutions.
  • Personal Loans and Credit Lines: Flexible borrowing options for personal expenses.
  • Digital Banking Services: Online and mobile banking platforms for convenient account management.

2. Commercial Banking

The commercial banking segment serves small to mid-sized businesses and large corporations. Key products and services include:

  • Business Checking and Savings Accounts: Customized solutions for managing business finances.
  • Commercial Lending: Loans for working capital, equipment financing, and real estate.
  • Treasury and Cash Management: Tools to optimize cash flow and manage liquidity.
  • Merchant Services: Payment processing solutions for businesses.

3. Wealth Management

FHN offers wealth management services to high-net-worth individuals and families. Key offerings include:

  • Investment Advisory: Personalized investment strategies and portfolio management.
  • Trust and Estate Planning: Services to preserve and transfer wealth.
  • Private Banking: Exclusive banking services for affluent clients.
  • Retirement Planning: Solutions to help clients achieve their long-term financial goals.

4. Capital Markets

This segment provides specialized financial services to institutional clients. Key offerings include:

  • Fixed Income Trading: Access to a wide range of fixed-income securities.
  • Investment Banking: Advisory services for mergers, acquisitions, and capital raising.
  • Risk Management Solutions: Hedging strategies to mitigate financial risks.

Business Model

First Horizon Corporation operates on a diversified business model that integrates its products and services to create value for customers and shareholders. The company generates revenue primarily through:

  • Net Interest Income: Earnings from the difference between interest earned on loans and interest paid on deposits.
  • Non-Interest Income: Fees and commissions from wealth management, treasury services, and capital markets activities.

FHN emphasizes customer relationships and leverages technology to enhance service delivery. The company invests in digital platforms to provide seamless banking experiences and uses data analytics to offer personalized financial solutions.

Strategic Direction

First Horizon Corporation is committed to sustainable growth and innovation. Key strategic priorities include:

  • Expanding Market Presence: FHN aims to grow its footprint in high-growth markets through acquisitions and organic expansion.
  • Enhancing Digital Capabilities: The company continues to invest in technology to improve customer experiences and operational efficiency.
  • Sustainability Goals: FHN is focused on environmental, social, and governance (ESG) initiatives, including reducing its carbon footprint and promoting financial inclusion.
  • New Product Development: The company plans to introduce innovative financial products and services to meet evolving customer needs.

Competitive Landscape

First Horizon Corporation operates in a highly competitive industry. Key competitors include:

  • Regional Banks: Companies like Regions Financial Corporation and Truist Financial Corporation.
  • National Banks: Larger institutions such as Bank of America and Wells Fargo.
  • Fintech Companies: Emerging players offering digital-first banking solutions.

FHN differentiates itself through its strong regional presence, customer-centric approach, and comprehensive product offerings.

Risk Factors

Like any financial institution, First Horizon Corporation faces several risks, including:

  • Economic Conditions: Changes in interest rates, inflation, and economic downturns can impact profitability.
  • Regulatory Compliance: The company must adhere to stringent banking regulations, which can increase operational costs.
  • Cybersecurity Threats: As a provider of digital banking services, FHN is exposed to the risk of cyberattacks.
  • Market Competition: Intense competition from traditional banks and fintech companies can pressure margins.

Recent Developments

First Horizon Corporation has recently focused on enhancing its digital banking capabilities. The company launched a new mobile app with advanced features such as AI-driven financial insights and budgeting tools. Additionally, FHN has expanded its presence in key markets through strategic acquisitions, further strengthening its position in the industry.

Global economic developments, such as rising interest rates and inflation, have influenced FHN’s strategies. The company has adjusted its lending practices and investment portfolio to navigate these challenges effectively.

Investment Considerations

Strengths:

  • Strong Regional Presence: FHN has a well-established footprint in the Southeastern U.S.
  • Diverse Revenue Streams: The company generates income from multiple business segments.
  • Commitment to Innovation: Investments in technology enhance customer experiences and operational efficiency.

Risks:

  • Economic Sensitivity: Performance is tied to macroeconomic conditions.
  • Regulatory Challenges: Compliance with banking regulations can be costly.
  • Competitive Pressure: Intense competition may impact growth and profitability.

Conclusion

First Horizon Corporation is a well-established financial institution with a strong regional presence and a diversified business model. The company is well-positioned to capitalize on growth opportunities in the banking sector while navigating industry challenges. With a focus on innovation, sustainability, and customer-centric services, FHN is poised for long-term success.