First Horizon Corp
First Horizon Corp (FHN) is listed on NYSE and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Memphis, United States and has 7,375 employees. The company is worth $11.15B and trades at 16.8x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $3.42B in fiscal 2025, up 7.2% from the year before. Net income was $982M. The share price is 11.4% below its 52-week high of $26.56. It pays a dividend yielding 2.89%. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $224.86M. In that quarter, 5 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +41.8% over 5Y.
today you would have $1,596.73▲ +59.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $23.90 | $20.14 | $14.16 | $24.50 | $16.33 | $12.76 | $16.56 | $13.16 | $19.99 | $20.01 | $14.52 | $13.58 | $11.65 | $9.91 | $8.00 | $11.78 | $13.40 | $10.40 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 2.9% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 14.9 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| FNFFidelity National Financial, Inc. | $41.38 | 14.1x | 1.5x | 5.03% | 10.21% | $11.1B |
| RYANRYAN Specialty Holdings Inc | $44.49 | 62.7x | 10.6x | 1.17% | 22.09% | $11.4B |
| FRHCFreedom Holding Corp. | $167.49 | 68.4x | 6.7x | 0.00% | 10.68% | $10.68B |
| JEFJefferies Financial Group Inc. |
| P/E | 14.9x | 12.8x | 14.8x | 9.2x | 16.0x | 9.4x | 6.8x | 12.0x | 8.0x | 30.8x | 21.3x | 42.7x | 14.9x | 129.4x | — | 16.0x | — | — | — |
| P/S | 2.5x | 3.4x | 3.3x | 2.3x | 4.1x | 2.8x | 2.2x | 2.8x | 2.2x | 4.9x | 3.6x | 2.9x | 2.7x | 2.3x | 1.8x | 1.4x | 1.9x | 1.6x | 0.9x |
| P/B | 1.1x | 1.3x | 1.2x | 0.9x | 1.6x | 1.1x | 0.9x | 1.1x | 0.9x | 1.5x | 1.9x | 1.5x | 1.4x | 1.2x | 1.1x | 0.9x | 1.3x | 1.0x | 0.6x |
| EPS | $1.87 | $1.36 | $1.54 | $1.53 | $1.74 | $1.89 | $1.38 | $1.65 | $0.65 | $0.94 | $0.34 | $0.91 | $0.09 | -$0.11 | $0.50 | -$0.25 | -$1.41 | -$0.96 |
| Dividend yield | 2.48% | 2.51% | 2.98% | 4.24% | 2.45% | 3.67% | 4.70% | 3.38% | 3.65% | 1.80% | 1.40% | 1.65% | 1.47% | 1.72% | 0.40% | 0.50% | — | — | 3.67% |
| Payout | 36.72% | 32.09% | 44.12% | 38.96% | 39.22% | 34.48% | 31.75% | 40.58% | 29.09% | 55.38% | 29.79% | 70.59% | 21.98% | 222.22% | — | 8.00% | — | — | — |
| Profit margin | 18.31% | 28.72% | 24.29% | 25.87% | 28.06% | 32.54% | 26.79% | 23.66% | 28.05% | 12.42% | 17.72% | 7.33% | 18.89% | 2.20% | -2.04% | 8.82% | 3.02% | -13.42% | -8.12% |
| ROE | 9.01% | 11.10% | 8.79% | 9.97% | 10.91% | 12.18% | 10.55% | 9.22% | 12.14% | 3.86% | 9.42% | 3.66% | 9.73% | 1.22% | -1.25% | 5.49% | 2.11% | -8.97% | -5.37% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 0.1% a year against a 7.1% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
-46.6% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $45.64 |
| 12.0x |
| 1.0x |
| 3.51% |
| 8.59% |
| $10.48B |
| FDSFactset Research Systems Inc | $335.45 | 22.0x | 5.9x | 1.38% | 25.48% | $11.93B |
| ALLYAlly Financial Inc. | $39.31 | 9.1x | 0.9x | 3.05% | 9.68% | $11.96B |