Saturday 17 October 2026 Export FHN’s income statement to Excel — free account

First Horizon Corporation

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%

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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

Insider Decisions trades per month

Total sells 6.12

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	—	2	—	—	—	—	—	—	1	—	—

Insider Ownership 1.38%

Capital & Financial Ratios $m

Market Cap 10,830.00

Revenue 4,484.00

Net Income 1,072.00

Free Cash Flow 1,020.00

Net Debt (4,389.00)

Current Ratio 0.97

Debt/Equity 0.14

P/E ratio 15.85

Fwd P/E 11.30

P/S ratio 2.42

P/B ratio 1.28

Past 5Y EPS Growth (0.21%)

This Y EPS Growth 13.28%

Next Y EPS Growth 8.85%

Next Y revenue growth (28.84%)

Next 5Y EPS Growth 11.07%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 78.11%

10-year low 10-year high

P/S against its own 10 years 54.85%

10-year low 10-year high

P/B against its own 10 years 60.45%

10-year low 10-year high

Dividends

Payout Ratio 0.46

Annual Dividend Rate 0.66

Annual Dividend Yield 2.88%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.66	0.17 0.17 0.17
2025	0.60	0.15 0.15 0.15 0.15
2024	0.60	0.15 0.15 0.15 0.15
2023	0.60	0.15 0.15 0.15 0.15
2022	0.60	0.15 0.15 0.15 0.15
2021	0.60	0.15 0.15 0.15 0.15
2020	0.60	0.15 0.15 0.15 0.15
2019	0.56	0.14 0.14 0.14 0.14
2018	0.48	0.12 0.12 0.12 0.12
2017	0.36	0.09 0.09 0.09 0.09
2016	0.28	0.07 0.07 0.07 0.07

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	4,471	4,462	4,624	5,708
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	65,492	66,763	68,448	69,240

	2023	2024	2025	Q'26
Payables	65,780	65,581	67,476	67,700
ST’ Debt	—	—	—	—
Other	509	550	607	997
	68,838	69,531	71,337	71,501

Compound Annual Growth %

	10y	5y	3y
Sales	14.80%	8.01%	12.52%
Cash Flow	5.51%	29.56%	(35.04%)
Earnings	28.21%	3.07%	3.27%
Book Value	13.23%	1.93%	2.27%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,199	1,241	781	—	—
’25	1,195	1,233	1,292	1,263	4,983
’24	1,267	1,279	1,319	1,166	5,031
’23	1,091	1,415	1,253	1,268	5,027
’22	739	784	946	1,029	3,498
’21	850	827	780	777	3,234
’20	552	552	1,421	865	3,390

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	278	585	—	—	—
’25	349	83	(200)	396	628
’24	838	(150)	389	191	1,268
’23	(69)	305	698	365	1,299
’22	694	824	768	5	2,291
’21	1,064	(49)	(447)	157	725
’20	(1,400)	897	230	445	172

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	270	566	—	—	—
’25	340	74	(205)	389	598
’24	828	(161)	391	174	1,232
’23	(74)	296	689	352	1,263
’22	688	826	767	0	2,281
’21	1,055	(62)	(449)	170	714
’20	(1,406)	884	223	425	126

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.53	0.54	(0.17)	—	—
’25	0.41	0.45	0.50	0.52	1.87
’24	0.33	0.34	0.40	0.29	1.36
’23	0.43	0.56	0.23	0.31	1.54
’22	0.34	0.29	0.45	0.45	1.53
’21	0.40	0.53	0.41	0.40	1.74
’20	0.04	0.17	0.95	0.42	1.89

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	11.51	15.84	12.30	12.96	6.27	12.55	16.51	8.99	12.95	15.19	Analyst estimates 2026–2028 Powerpack
	High	20.76	20.86	20.75	17.42	17.40	19.45	24.92	24.90	21.72	24.75
People
People	Employees	4,288	5,984	5,577	5,017	6,802	7,867	7,542	7,378	7,252	7,404
	Revenue/emp, $m	0.32	0.25	0.41	0.45	0.50	0.41	0.46	0.68	0.69	0.67
Income, $m
Income, $m	Revenue	1,370	1,480	2,269	2,278	3,390	3,234	3,498	5,027	5,031	4,983
	Gross margin, %	93.52	90.03	85.63	81.83	93.04	94.93	91.68	68.97	63.41	68.61
	EBT	345	309	714	586	933	1,284	1,159	1,128	1,005	1,280
	EBT margin, %	25.20	20.87	31.47	25.72	27.52	39.70	33.13	22.44	19.98	25.69
	Net income	239	177	557	452	857	1,010	912	916	794	998
	Depreciation	65	71	59	66	62	45	85	102	101	64
Per share, $
Per share, $	Revenue	5.89	6.13	7.00	7.26	7.85	5.92	6.54	9.17	9.31	9.86
	Earnings	0.95	0.66	1.66	1.39	1.90	1.76	1.62	1.58	1.37	1.89
	Cash flow	0.77	(0.12)	0.72	2.65	0.40	1.33	4.28	2.37	2.35	1.24
	Capex	(0.22)	(0.21)	(0.06)	(0.09)	(0.11)	(0.02)	(0.02)	(0.07)	(0.07)	(0.06)
	Free cash flow	0.55	(0.32)	0.67	2.55	0.29	1.31	4.26	2.30	2.28	1.18
	Book value	11.62	18.97	14.75	16.18	19.22	15.55	15.97	16.94	16.86	18.10
	Shares, m	233	241	324	314	432	546	535	548	540	505
Valuation, ×
Valuation, ×	P/E	21.28	28.25	7.93	11.91	8.08	9.23	15.10	9.15	14.70	12.65
	P/S	3.40	3.27	1.88	2.28	1.63	2.76	3.74	1.58	2.16	2.42
	P/B	1.78	1.08	0.91	1.04	0.70	1.12	1.74	0.90	1.25	1.37
	EV/Sales	1.97	1.36	0.58	1.27	(1.18)	(2.41)	2.97	0.92	1.51	1.76
	EV/FCF	20.96	(25.59)	6.06	3.61	(31.68)	(10.90)	4.55	3.64	6.18	14.66
Cash, $m
Cash, $m	Operating cash flow	180	(29)	234	830	172	725	2,291	1,299	1,268	628
	Capex	(51)	(50)	(18)	(29)	(46)	(11)	(10)	(36)	(36)	(30)
	Free cash flow	129	(78)	216	801	126	714	2,281	1,263	1,232	598
Balance, $m
Balance, $m	Working capital	(1,634)	(2,650)	(1,948)	(1,904)	(3,067)	(3,788)	(4,021)	(3,346)	(2,768)	(2,889)
	Total debt	1,041	1,218	1,171	791	1,670	1,590	1,597	1,150	1,195	1,321
	Net debt	(1,954)	(2,836)	(2,960)	(2,304)	(9,505)	(16,706)	(2,705)	(3,321)	(3,267)	(3,303)
	Shareholders’ equity	2,705	4,580	4,785	5,076	8,307	8,494	8,547	9,291	9,111	9,142
Returns, %
Returns, %	ROA	0.81	0.46	1.31	1.03	1.29	1.11	1.03	1.08	0.90	1.15
	ROIC	28.74	11.07	24.45	13.73	0.00	0.00	12.40	11.81	10.75	13.70
	ROE	8.57	4.49	11.75	9.00	12.83	12.17	11.19	10.61	8.46	10.94

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 16 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FHN First Horizon Corporation	$10.8B	15.9×	11.3×	−39.55% (below 0%: shrinking)	n/m	+664.86% (above 0%: growing)	52.50%	0.00%
CIB Grupo Cibest S.A. - Sponsored ADR	$10.7B	19.1×	—	+178.87% (above 0%: growing)	+85.47% (above 0%: growing)	−187.28% (below 0%: shrinking)	71.39%	0.00%	Compare
BPOP Popular, Inc.	$10.0B	10.7×	10.1×	+4.48% (above 0%: growing)	+40.78% (above 0%: growing)	+46.43% (above 0%: growing)	75.20%	0.00%	Compare
UMBF UMB Financial Corporation	$10.0B	10.9×	10.0×	+4.12% (above 0%: growing)	+26.06% (above 0%: growing)	+22.27% (above 0%: growing)	69.66%	0.00%	Compare
SSB SouthState Bank Corporation	$9.8B	10.7×	10.1×	+0.83% (above 0%: growing)	+11.32% (above 0%: growing)	+408.25% (above 0%: growing)	71.95%	0.00%	Compare
WTFC Wintrust Financial Corporation	$9.7B	11.4×	11.7×	+5.52% (above 0%: growing)	+18.44% (above 0%: growing)	−23.80% (below 0%: shrinking)	66.99%	0.00%	Compare
CFR Cullen/Frost Bankers, Inc.	$9.6B	14.7×	13.2×	+0.53% (above 0%: growing)	+12.97% (above 0%: growing)	−106.23% (below 0%: shrinking)	79.66%	0.00%	Compare
ONB Old National Bancorp	$9.6B	11.1×	9.3×	+9.45% (above 0%: growing)	+91.18% (above 0%: growing)	+330.77% (above 0%: growing)	69.90%	0.00%	Compare
ZION Zions Bancorporation, N.A.	$9.2B	8.1×	9.7×	+19.18% (above 0%: growing)	+87.12% (above 0%: growing)	+518.28% (above 0%: growing)	76.88%	0.00%	Compare
Median of peers	$9.8B	11.0×	10.1×	+5.00%	+33.42%	+34.35%	71.67%	0.00%

All 323 Banks Regional stocks →

First Horizon Corporation (FHN) key facts

Concern: First Horizon Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.0 billion, down 0.95% from fiscal 2024.
First Horizon Corporation (FHN) is a Banks Regional company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, FHN traded at $22.88, a market capitalization of $10.8 billion.
First Horizon Corporation pays an annual dividend of $0.66 per share, a yield of 2.88%, with a payout ratio of 46.4%.
Return on equity was 10.9% and debt-to-equity 0.14.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.