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First Horizon

FHN NYSE Regional Banks Financials FY2016–FY2025

First Horizon's revenue rose 7.2% to $3.4 billion in fiscal 2025. Net income was $982 million, up 26.7%. Its return on equity was 11.1%, up from 8.7% a year earlier. Its efficiency ratio was 60.7%, down from 63.8% a year earlier. It paid out $1.2 billion in dividends and buybacks. The diluted share count fell 6.1%.

Last close · Oct 23, 2026

$23.44

0.4%
Value it Compare
Revenue Total sales reported in the income statement.
$3.4B
7.2% vs prior year
Efficiency ratio Noninterest expense as a share of revenue. Lower is better for banks.
60.7%
3.1 pts
Net income Profit after all expenses, interest and tax.
$982M
26.7%
Return on equity Net income as a share of average shareholders' equity.
11.1%
2.4 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$12.0B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
11.3x
On $2.08 EPS (TTM)

What First Horizon does

No business description yet.

Legal name
FIRST HORIZON CORP
Fiscal year ends
December 31, 2025
Latest annual report
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Accession · CIK
0000036966-26-000051
0000036966

Revenue and margins

First Horizon had $3.4B of revenue in fiscal 2025, up 7.2% on the year before.

Revenue
Revenue
Net interest income share and efficiency ratio
Net interest share Efficiency ratio
Net interest income share and efficiency ratio
Net interest share Efficiency ratio

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 7.9% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns and efficiency

For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.

Return on equity, return on tangible equity and efficiency ratio
ROE ROTE Efficiency ratio

Dividends, buybacks and share count

First Horizon returned $1.2B to shareholders in fiscal 2025. The diluted share count fell 6.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value First Horizon yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Earnings multiple

Value per share

—

Reference multiples: today 11.3x · peers 11.6x · sector 13.7x.

Balance sheet

Loans, deposits and capital at each fiscal year end.

Loans and deposits
Loans Deposits
Fiscal year endFY21FY22FY23FY24FY25
Loans, net $54.2B$57.4B$60.5B$61.8B$63.4B
Deposits $74.9B$63.5B$65.8B$65.6B$67.5B
Loans / deposits 72.4%90.4%92.0%94.2%94.0%
Total assets $89.1B$79.0B$81.7B$82.2B$83.9B
Shareholders' equity $8.2B$8.3B$9.0B$8.8B$8.8B
Goodwill $1.5B$1.5B$1.5B$1.5B$1.5B
Intangible assets $298M$234M$186M$143M$105M
Provision / loans −0.6%0.2%0.4%0.3%0.1%

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$6.1M

5 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Aug 20, 2026 Elizabeth A ArdoinSevp, Chief Communications Ofc Sold 18,313 $24.86 $0.5M Form 4
Jan 29, 2026 Anthony J RestelSevp, Chief Banking Officer Sold 5,719 $24.35 $0.1M Form 4
Jan 29, 2026 Jordan D BryanChairman, President & CEO, Director Sold 85,009 $24.16 $2.1M Form 4
Nov 12, 2025 Jeff L. FlemingEVP & Chief Accounting Officer Sold 7,619 $21.74 $0.2M Form 4
Nov 4, 2025 David T PopwellSEVP Sr Strategic Executive Sold 155,149 $21.31 $3.3M Form 4

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
First Horizon FHN $12.0B 7.2% — — — 11.3x —
Western Alliance Bancorporation WAL $8.3B 12.1% — — — 8.6x — Compare →
East West Bancorp EWBC $18.2B 12.2% — — — 12.6x — Compare →
Wintrust Financial WTFC $10.2B 11.2% — — — 12.1x — Compare →
South State Bank SSB $10.7B 56.1% — — — 11.1x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $1.3B $1.3B $1.9B $1.8B $3.2B $3.1B $3.2B $3.5B $3.2B $3.4B
Net interest income $729M $842M $1.2B $1.2B $1.7B $2.0B $2.4B $2.5B $2.5B $2.6B
Noninterest income $552M $490M $723M $654M $1.5B $1.1B $815M $927M $679M $797M
Noninterest expense $925M $1.0B $1.2B $1.2B $1.7B $2.1B $2.0B $2.1B $2.0B $2.1B
Provision for credit losses $11.0M $0.0M $8.0M $45.0M $503M −$310M $95.0M $260M $154M $43.0M
Pretax income $345M $309M $714M $586M $933M $1.3B $1.2B $1.1B $1.0B $1.3B
Income tax $107M $132M $157M $134M $76.0M $274M $247M $212M $211M $282M
Net income $227M $166M $545M $441M $845M $999M $900M $897M $775M $982M
Net income to common $221M $159M $539M $435M $822M $962M $868M $865M $738M $956M
Diluted EPS $0.94 $0.65 $1.65 $1.38 $1.89 $1.74 $1.53 $1.54 $1.36 $1.87
Diluted shares 0.24B 0.24B 0.33B 0.32B 0.43B 0.55B 0.57B 0.56B 0.54B 0.51B
Cash flow
Stock-based compensation $17.5M $20.6M $23.0M $22.0M $32.0M $43.0M $75.0M $36.0M $59.0M $61.0M
Share buybacks $97.4M $5.6M $105M $134M $4.0M $416M $12.0M $10.0M $626M $918M
Dividends paid $63.5M $79.9M $139M $171M $222M $333M $324M $335M $332M $314M
Dividends and buybacks $161M $85.5M $244M $305M $226M $749M $336M $345M $958M $1.2B
Balance sheet
Loans, net $19.4B $27.5B $27.4B $30.9B $57.3B $54.2B $57.4B $60.5B $61.8B $63.4B
Deposits $22.7B $30.6B $32.7B $32.4B $70.0B $74.9B $63.5B $65.8B $65.6B $67.5B
Goodwill $191M $1.4B $1.4B $1.4B $1.5B $1.5B $1.5B $1.5B $1.5B $1.5B
Intangible assets $21.0M $184M $155M $131M $354M $298M $234M $186M $143M $105M
Total assets $28.6B $41.4B $40.8B $43.3B $84.2B $89.1B $79.0B $81.7B $82.2B $83.9B
Preferred stock $95.6M $95.6M $95.6M $96.0M $470M $520M $1.0B $520M $426M $349M
Shareholders' equity $2.4B $4.3B $4.5B $4.8B $8.0B $8.2B $8.3B $9.0B $8.8B $8.8B
Margins
Net margin 17.9% 12.4% 28.2% 24.3% 26.8% 32.5% 28.1% 25.9% 24.3% 28.7%
Net interest share of revenue 57.4% 63.2% 63.0% 66.6% 52.7% 65.0% 74.6% 73.3% 78.7% 76.7%
Efficiency ratio 72.8% 76.8% 63.1% 67.9% 54.5% 68.3% 60.9% 60.0% 63.8% 60.7%
Returns
Return on equity 9.6% 4.9% 12.4% 9.5% 13.2% 12.3% 10.9% 10.4% 8.7% 11.1%
Return on assets 0.8% 0.5% 1.3% 1.1% 1.3% 1.2% 1.1% 1.1% 1.0% 1.2%
Return on tangible equity 10.7% 6.8% 19.9% 14.7% 18.7% 16.7% 15.3% 14.1% 10.9% 14.0%
Growth
Revenue growth 9.3% 4.9% 45.3% −6.1% 73.6% −2.7% 4.5% 8.1% −8.0% 7.2%
Net income growth 164.4% −27.1% 229.3% −19.1% 91.6% 18.2% −9.9% −0.3% −13.6% 26.7%
EPS growth 176.5% −30.9% 153.9% −16.4% 37.0% −7.9% −12.1% 0.7% −11.7% 37.5%
Share count change −0.4% 3.9% 34.0% −3.6% 37.4% 27.1% 2.7% −0.8% −3.1% −6.1%
Financial health
Loans / deposits 85.5% 89.7% 83.7% 95.2% 81.8% 72.4% 90.4% 92.0% 94.2% 94.0%
Provision / loans 0.1% 0.0% 0.0% 0.2% 1.1% −0.6% 0.2% 0.4% 0.3% 0.1%
Capital allocation
Stock comp / revenue 1.4% 1.6% 1.2% 1.2% 1.0% 1.4% 2.3% 1.0% 1.9% 1.8%

Source: SEC EDGAR XBRL filings (CIK 0000036966). Data updated October 18, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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