First Horizon
Pairs southern relationship banking with national fixed-income and capital-markets services.
Something off on this page? Send us feedback.
Profile
Combines relationship banking in the southern United States with fixed-income and capital-markets services reaching national clients. Commercial, Consumer & Wealth and Wholesale anchor the operating model; the retail network is concentrated in the South while specialty and wholesale offices extend the physical footprint.
Operates through three reportable segments: Commercial, Consumer & Wealth; Wholesale; and Corporate. Relationship banking in southern markets sits alongside fixed-income and capital-markets capabilities.
Banking centers are concentrated across the southern United States, while specialty and wholesale offices extend the physical presence beyond the retail footprint. This geography keeps the branch franchise regional even as parts of the wholesale platform serve a national market.
Execution has centered on integrating acquired southern franchises under one First Horizon brand while retaining the Memphis headquarters. Capital Bank and IBERIABANK belong to the integrated franchise rather than standalone current segments. The model depends on regional client relationships and distinct wholesale capabilities operating alongside the branch franchise.
Company facts
Categories
Key statistics
Year to date +2.1% · Average volume (30d) 4.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Wells Fargo | Reiterate | Equal Weight | $26 | $28 | |
| Jul 16, 2026 | National Bank | Target | $27 | $29 | ||
| Jul 6, 2026 | Evercore ISI | Target | $26 | $27 | ||
| Jul 6, 2026 | Wells Fargo | Reiterate | Equal Weight | $23 | $26 | |
| Jul 1, 2026 | Fundamental Research | Target | $28.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 15, 2026Q2 FY26 | $0.52 | $0.54 | +3.8% | $878.4M | $887.0M | +1.0% | +1.84% |
| Apr 15, 2026Q1 FY26 | $0.49 | $0.53 | +8.2% | $868.9M | $863.5M | −0.6% | −0.79% |
| Jan 15, 2026Q4 FY25 | $0.46 | $0.52 | +13.0% | $861.5M | $891.0M | +3.4% | −1.31% |
| Oct 15, 2025Q3 FY25 | $0.45 | $0.51 | +14.5% | $847.3M | $865.0M | +2.1% | −4.36% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.17B | $1.21B | $1.27B | $1.26B | $862.0M | $1.24B | |
| Gross profit | $749.0M | $777.0M | $870.0M | $888.0M | $862.0M | $871.0M | |
| Operating income | $285.0M | $309.0M | $344.0M | $343.0M | $357.0M | $341.0M | |
| Net income | $218.0M | $241.0M | $262.0M | $261.0M | $263.0M | $271.0M | |
| Diluted EPS | $0.41 | $0.45 | $0.50 | $0.52 | $0.53 | $0.54 | |
| Gross margin | 63.9% | 64.2% | 68.6% | 70.3% | 100.0% | 70.2% | |
| Operating margin | 24.3% | 25.5% | 27.1% | 27.2% | 41.4% | 27.5% |
Fiscal years (4-quarter sums)FY21 $3.16B · FY22 $3.41B · FY23 $4.72B · FY24 $4.94B · FY25 $4.91B
Revenue by product · Q1 FY26
Revenue by geography · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.03B · Total debt $4.32B · Total assets $84.44B · Shareholders' equity $9.17B
Dividends
Raised for 14 straight years — most recently to $0.17 from $0.15 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 12, 2026 | Jun 12 | Jul 1 | $0.17 | |
| Mar 13, 2026 | Mar 13 | Apr 1 | $0.17 | raised from $0.15 |
| Dec 12, 2025 | Dec 12 | Jan 2 | $0.15 | |
| Sep 12, 2025 | Sep 12 | Oct 1 | $0.15 | |
| Jun 13, 2025 | Jun 13 | Jul 1 | $0.15 | |
| Mar 14, 2025 | Mar 14 | Apr 1 | $0.15 | |
| Dec 13, 2024 | Dec 13 | Jan 2 | $0.15 | |
| Sep 13, 2024 | Sep 13 | Oct 1 | $0.15 |
Ownership
Shares outstanding 474.62M · Float 468.56M · 98.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 58.71M | 12.37% | 13F | Aug 7, 2026 |
| Bank of New York Mellon Corp | 29.15M | 6.14% | 13F | Aug 6, 2026 |
| Vanguard Portfolio Management LLC | 22.42M | 4.72% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 21.39M | 4.51% | 13F | Aug 13, 2026 |
| State Street Corp | 18.39M | 3.87% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Elizabeth A. Ardoin | officer: SEVP, Chief Communications Ofc | −11,226 | $24.85 |
| Jan 29, 2026 | D. Bryan Jordan | director, officer: Chairman, President & CEO | −85,009 | $24.16 |
| Jan 29, 2026 | Anthony J. Restel | officer: SEVP, Chief Banking Officer | −5,719 | $24.35 |
| Nov 12, 2025 | Jeff L. Fleming | officer: EVP & Chief Accounting Officer | −7,619 | $21.74 |
| Nov 4, 2025 | David T. Popwell | officer: SEVP Sr Strategic Executive | −155,149 | $21.31 |
Peers
- Regions Financial
Closest broad-line rival across southern retail and commercial banking
- Truist Financial
Scaled Southeast rival spanning branch banking, wholesale and wealth
- Pinnacle Financial Partners
Tennessee-anchored relationship bank with a broader post-Synovus footprint
- First Citizens BancShares
Large North Carolina bank competing in branches and commercial finance
- Hancock Whitney
Gulf South peer in branch, commercial, private and mortgage banking
- Fifth Third
Expanded regional bank with Southeast commercial and consumer overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| First Horizon | $24.65 | +0.02% | $11.70B | 11.8 | 11.3 | 2.5 | +9.9% |
| Regions Financial | $30.33 | +0.02% | $25.88B | 12.4 | 11.1 | 2.7 | +2.2% |
| Truist Financial | $53.13 | +5.37% | $62.83B | 12.0 | 10.6 | 2.1 | +6.5% |
| Pinnacle Financial Partners | $101.09 | +0.02% | $15.26B | 12.4 | 9.4 | 3.1 | +145.2% |
| First Citizens BancShares | $2,194.07 | +0.07% | $24.99B | 11.7 | 11.7 | 1.7 | −5.5% |
| Hancock Whitney | $75.07 | −0.03% | $6.09B | 14.7 | 10.8 | 3.1 | +7.8% |
| Fifth Third | $54.60 | +0.14% | $49.43B | 18.6 | 11.9 | 3.3 | +45.2% |
| Median | 12.4 | 11.0 | 2.9 | +7.1% |