FIRST HORIZON CORP FHN

Financials SIC 6021 - National Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived NYSE

First Horizon Corporation is a Tennessee corporation. We incorporated in 1968, and are headquartered in Memphis, Tennessee. We are registered as a bank holding company and have elected to be treated as a financial holding company. Our common stock is listed on the New York Stock Exchange under the symbol "FHN." At December 31, 2025, we had total consolidated assets of $84 billion.

We provide commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services principally through our wholly-owned subsidiary, First Horizon Bank. Founded in 1864 as First National Bank of Memphis, the Bank is a Tennessee banking corporation headquartered in Memphis, Tennessee. At December 31, 2025, the Bank had $84 billion in total assets, $68 billion in total deposits, and $64 billion in total loans (including

Last close 23.44 2026-10-23
Market cap $11.11B 2026-06-30 share count
52-week range 20.40 - 26.56

Valuation FY2025 figures against the last close

P/S3.2x
P/E12.5x
P/FCF18.7x
EV/EBITDA—
Dividend yield2.8%
Diluted EPS1.87

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.42B$3.19B$3.47B$3.21B——$1.82B$1.94B$1.33B$1.27B
Interest expense $2.62B$2.51B$2.54B$2.39B$164.0M$236.0M$414.0M$326.0M$147.6M$88.8M
Pre-tax income $1.28B$1.00B$1.13B$1.16B$1.28B$933.0M$586.0M$714.0M$308.9M$345.3M
Income tax $282.0M$211.0M$212.0M$247.0M$274.0M$76.0M$134.0M$157.0M$131.9M$106.8M
Net income $982.0M$775.0M$897.0M$900.0M$999.0M$845.0M$441.0M$545.0M$165.5M$227.0M
EPS, basic 1.891.371.581.621.761.901.391.660.660.95
EPS, diluted 1.871.361.541.531.741.891.381.650.650.94
Shares, diluted (wtd. avg.) 511.1M544.3M561.7M566.0M551.2M433.7M315.7M327.4M244.5M235.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.59B$1.54B$1.73B$1.54B$1.79B$1.65B$1.27B$1.41B$1.45B$1.04B
Property, plant and equipment $544.0M$574.0M$590.0M$612.0M$665.0M$759.0M$455.0M$494.0M$532.3M$289.4M
Goodwill $1.51B$1.51B$1.51B$1.51B$1.51B$1.51B$1.43B$1.43B$1.39B$191.4M
Other intangibles $105.0M$143.0M$186.0M$234.0M$298.0M$354.0M$131.0M$155.0M$184.4M$21.0M
Total assets $83.88B$82.15B$81.66B$78.95B$89.09B$84.21B$43.31B$40.83B$41.42B$28.56B
Short-term debt $3.25B$3.40B$2.55B$2.51B$2.12B$2.20B$3.52B———
Total liabilities $74.73B$73.04B$72.37B$70.41B$80.60B$75.90B$38.23B$36.05B$36.84B$25.85B
Retained earnings $5.03B$4.38B$3.96B$3.43B$2.89B$2.26B$1.80B$1.54B$1.16B$1.03B
Total equity $8.85B$8.82B$9.29B$8.55B$8.49B$8.31B$5.08B$4.79B$4.58B$2.71B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $628.0M$1.27B$1.30B$2.29B$725.0M$172.0M$830.0M$234.0M-$28.8M$180.0M
Depreciation and amortisation $64.0M$101.0M$102.0M$85.0M$45.0M$46.0M$65.0M$59.0M$70.9M$64.7M
Stock-based compensation $61.0M$59.0M$36.0M$75.0M$43.0M$32.0M$22.0M$23.0M$20.6M$17.5M
Capital expenditure $33.0M$44.0M$37.0M$28.0M$37.0M$379.0M$49.0M$38.0M$287.6M$62.6M
Investing cash flow -$1.09B-$1.06B-$2.60B$8.33B-$4.60B-$4.97B-$2.39B$480.0M-$1.32B-$2.47B
Financing cash flow $524.0M-$404.0M$1.49B-$10.87B$4.02B$5.18B$1.42B-$761.0M$1.77B$2.29B
Dividends paid $314.0M$332.0M$335.0M$324.0M$333.0M$222.0M$171.0M$139.0M$79.9M$63.5M
Buybacks $918.0M$626.0M$10.0M$12.0M$416.0M$4.0M$134.0M$105.0M$5.6M$97.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000036966-26-000051.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B 4B Revenue, FY2016: 1.3B Net income, FY2016: 227M Revenue, FY2017: 1.3B Net income, FY2017: 165.5M Revenue, FY2018: 1.9B Net income, FY2018: 545M Revenue, FY2019: 1.8B Net income, FY2019: 441M Net income, FY2020: 845M Net income, FY2021: 999M Revenue, FY2022: 3.2B Net income, FY2022: 900M Revenue, FY2023: 3.5B Net income, FY2023: 897M Revenue, FY2024: 3.2B Net income, FY2024: 775M Revenue, FY2025: 3.4B Net income, FY2025: 982M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.27B $1.33B $1.94B $1.82B — — $3.21B $3.47B $3.19B $3.42B
Gross profit — — — — — — — — — —
Net income $227.0M $165.5M $545.0M $441.0M $845.0M $999.0M $900.0M $897.0M $775.0M $982.0M

Recent filings and events

  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Charter or fiscal year changed Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Charter or fiscal year changed Item 5.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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