FHNNYSENational Commercial BanksFiscal year ends December 31Also trades as FHN.PE, FHN.PF, FHN.PH
FIRST HORIZON CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$22.73−0.15 (-0.66%)
Close on Oct 19, 2026
- Market cap
- $10.91B
- P/E (TTM)
- 10.9
- Dividend yield
- 2.64%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
28.7%+1.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +7.2% | +2.2% | +1.6% | +11.4% | |
| Net income | +26.7% | +2.9% | +3.1% | +27.6% | |
| EPS, diluted | +37.5% | +6.9% | -0.2% | +18.6% | |
| Free cash flow | -51.4% | -35.9% | – | +6.3% | |
| Dividend per share | 0.0% | 0.0% | 0.0% | +9.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 9.6% | 13.2% | 11.1% | |
| Return on assets | 0.8% | 1.3% | 1.2% | |
| Capex to revenue | 4.9% | 12.0% | 1.0% | |
| Diluted shares | 235M | 434M | 511M |
Where the cash went
Fiscal 2021 to 2025, five years combined
First Horizon generated $6.21B from operations and spent $3.80B on capital expenditure, dividends and share buybacks. 5% of that went back into the business.
Generated
$6.21B
Used
$3.80B
Capital expenditure$179.00M5%Dividends$1.64B43%Share buybacks$1.98B52%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin28.7%
×Asset turnover0.04×
×Equity multiplier9.40×
=Return on equity, FY202511.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 28.7% | 0.04× | 9.40× | 11.1% |
| FY2024 | 24.3% | 0.04× | 9.20× | 8.7% |
| FY2023 | 25.9% | 0.04× | 9.31× | 10.4% |
| FY2022 | 28.1% | 0.04× | 10.21× | 10.9% |
| FY2021 | 32.5% | 0.04× | 10.69× | 12.3% |
| FY2020 | 26.8% | 0.05× | 9.97× | 13.2% |
| FY2019 | 24.3% | 0.04× | 9.08× | 9.5% |
| FY2018 | 28.1% | 0.05× | 9.37× | 12.4% |
| FY2017 | 12.4% | 0.04× | 10.45× | 4.9% |
| FY2016 | 17.9% | 0.05× | 11.52× | 9.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$982.00M
- Cash generatingOperating cash flow above zero$628.00M
- Return on assets improvedROA up on the prior year0.9% → 1.2%
- Earnings backed by cashOperating cash flow above net income$628.00M vs $982.00M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise544M → 511M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.04 → 0.04