FHN

First Horizon Corporation [FHN] Stock Forecast

Q: What is First Horizon Corporation stock symbol ?

First Horizon Corporation is a US stock, located in Memphis of Tn and trading under the symbol FHN

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FHN Stock Summary

Earnings are expected to rise 5.5% next year

FHN's dividend payments are well covered by cash flows with cash payout ratio of 46.05%.

An RSI reading of 70 or higher indicates an overbought or overvalued condition.

EPS has been decreasing for the past 3 years (Yearly statements)

FHN has less than 1 year of cash runway

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In the News

11:23 10 Dec 2023 FHN

These regional banks are at greatest risk of being taken over by rivals, according to KBW

Regional banks are weighed down by concerns over the impact of new rules and the risk of a recession on loan losses, particularly in commercial real estate.

12:47 10 Dec 2023 FHN

Here's Why You Should Retain First Horizon (FHN) at Present

First Horizon's (FHN) balance sheet strength, net interest income growth and capital distribution activities are encouraging amid high costs and increased debt.

08:41 10 Dec 2023 FHN

Banking and trucking: Is the economy rolling toward troubles?

The SPDR S&P Regional Banking ETF NYSEARCA: KRE closed 1.08% lower on November 6, after a privately held regional bank was closed by the Iowa Division of Banking.

12:02 10 Dec 2023 FHN

First Horizon (FHN) Q3 Earnings Beat, Revenues Decline Y/Y

A fall in NII and non-interest income hinder First Horizon's (FHN) Q3 earnings. Improving loan and deposit balances act as tailwinds.

12:04 10 Dec 2023 FHN

First Horizon CEO: The banking system has reached a very strong and stable point

First Horizon CEO Bryan Jordan joins 'Squawk on the Street' to discuss how Jordan would characterize the quarter relative to earlier in the year, what's driving the company's deposit growth, and his thoughts on the current credit environment.

09:46 10 Dec 2023 FHN

First Horizon National (FHN) Q3 Earnings Surpass Estimates

First Horizon National (FHN) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.44 per share a year ago.

12:46 10 Dec 2023 FHN

Is a Surprise Coming for First Horizon (FHN) This Earnings Season?

First Horizon (FHN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

11:20 10 Dec 2023 FHN

Wells Fargo downgrades four regional banks and highlights four top names in analyst shift

Wells Fargo analyst Timur Braziler downgraded four U.S. regional banks Wednesday, sharing his four top picks as he assumed coverage of the sector.

10:00 10 Dec 2023 FHN

Ticking Time Bombs: 3 Bank Stocks to Dump Before the Damage Is Done

Bank stocks have had a difficult year, and things aren't looking much brighter in the next few months either. From the regional banking crisis earlier this year to stress in the commercial real estate market, to the threat of a deeper than expected recession, banks have been stuck between a rock and a hard place.

07:11 10 Dec 2023 FHN

First Horizon: Good Bank And Healthy Dividend But Questionable Liquidity

First Horizon Corporation is a regional bank with low exposure to HTM securities and CRE loans. The red flags are record low cash-to-deposit ratio and 40% insured deposits. Despite declining revenue and margins in the second quarter, FHN recorded adequate financial performance with improved capital adequacy and stable credit quality. Using the Dividend Discount Model, FHN is overvalued, though using multiples as forward PE and PB is the cheapest among its peers.

FHN Financial details

Company Rating

Strong Buy

Market Cap

7.62B

Income

728M

Revenue

2.49B

Book val./share

15.2

Cash/share

19.75

Dividend

0.6

Dividend %

4.4%

Employees

7.3K

Optionable

Shortable

Yes

Earnings

16 Jan 2024

P/E

10.47

Forward P/E

10.25

PEG

-46.07

P/S

3.06

P/B

0.9

P/C

0.69

P/FCF

8.88

Quick Ratio

4.4

Current Ratio

1.17

Debt / Equity

0.43

LT Debt / Equity

0.13

EPS (TTM)

1.72

EPS next Y

1.33

EPS next Q

0.28

EPS this Y

-7.95%

EPS next Y

-22.39%

EPS next 5Y

-15.63%

EPS last 5Y

-0.72%

Revenue last 5Y

11.21%

Revenue Q/Q

-2696.67%

EPS Q/Q

-58.93%

SMA20

16.56%

SMA50

18.45%

SMA100

4.69%

Inst Own

51.99%

Inst Trans

0.66%

ROA

ROE

ROC

0.02%

Gross Margin

100%

Oper. Margin

60%

Profit Margin

29%

Payout

37%

Shs Outstand

558.77M

Shs Float

550.11M

Target Price

20.33

52W Range

8.99-24.9

52W High

-43.21%

52W Low

+70.38%

RSI

73.74

Rel Volume

0.83

Avg Volume

8.34M

Volume

6.88M

Perf Week

7.75%

Perf Month

27.62%

Perf Quarter

15.7%

Perf Half Y

17%

Beta

1.032

Volatility

0.26%, 0.9%

Prev Close

1.49%

Price

13.63

Change

1.04%

FHN Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2022-12-31

Metric	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	5.82	5.8	7.3	5.62	6
Net income per share	1.68	1.41	1.96	1.83	1.68
Operating cash flow per share	0.72	2.65	0.4	1.36	4.32
Free cash flow per share	0.57	2.49	0.26	1.26	4.27
Cash per share	20.61	17.73	40.74	45.35	23.22
Book value per share	13.82	15.24	18.54	15.01	15.43
Tangible book value per share	9.85	11.2	14.91	12.24	12.72
Share holders equity per share	13.82	15.24	18.54	15.01	15.43
Interest debt per share	4.97	11.03	9.5	7.12	8.24
Market cap	4.27B	5.19B	5.51B	8.92B	13.11B
Enterprise value	3.5B	7.12B	-173.68M	-3.42B	14.77B
P/E ratio	7.83	11.78	6.52	8.93	14.56
Price to sales ratio	2.26	2.86	1.75	2.9	4.08
POCF ratio	18.22	6.26	32.05	12.03	5.67
PFCF ratio	22.91	6.65	48.35	12.96	5.74
P/B Ratio	0.95	1.09	0.69	1.09	1.59
PTB ratio	0.95	1.09	0.69	1.09	1.59
EV to sales	1.85	3.92	-0.06	-1.11	4.6
Enterprise value over EBITDA	3.17	11.89	-0.18	-2.58	9.83
EV to operating cash flow	14.92	8.58	-1.01	-4.62	6.39
EV to free cash flow	18.76	9.12	-1.52	-4.98	6.47
Earnings yield	0.13	0.08	0.15	0.11	0.07
Free cash flow yield	0.04	0.15	0.02	0.08	0.17
Debt to equity	0.29	0.64	0.48	0.45	0.5
Debt to assets	0.03	0.07	0.05	0.04	0.05
Net debt to EBITDA	-0.7	3.22	-5.92	-9.29	1.1
Current ratio	58.59	2.49	8.01	11.66	0.98
Interest coverage	3.3	1.39	3.9	7.23	4.77
Income quality	0.42	1.84	0.2	0.73	2.53
Dividend Yield	0.03	0.03	0.04	0.04	0.03
Payout ratio	0.27	0.4	0.28	0.37	0.4
Sales general and administrative to revenue	0.4	0.42	0.33	0.39	0.34
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0.04	0.04	0.02	0.02	0.02
Capex to operating cash flow	-0.2	-0.06	-0.34	-0.07	-0.01
Capex to revenue	-0.03	-0.03	-0.02	-0.02	-0.01
Capex to depreciation	-0.81	-0.75	-0.94	-1.06	-0.28
Stock based compensation to revenue	0.01	0.01	0.01	0.01	0.02
Graham number	22.85	21.96	28.57	24.86	24.16
ROIC	0.15	0.06	0.07	0.08	0.09
Return on tangible assets	0.01	0.01	0.01	0.01	0.01
Graham Net	-90.46	-104.08	-134.96	-102.27	-108.38
Working capital	6.61B	3.35B	15.4B	22.64B	-61M
Tangible asset value	3.2B	3.51B	6.44B	6.69B	6.8B
Net current asset value	-29.33B	-32.63B	-58.3B	-55.84B	-67.96B
Invested capital	0.29	0.64	0.48	0.45	0.5
Average receivables	53.78M	39.49M	20.06M	0	0
Average payables	0	0	0	0	0
Average inventory	0	0	0	0	0
Days sales outstanding	7.52	8.05	0	0	0
Days payables outstanding	0	0	0	0	0
Days of inventory on hand	0	0	0	0	0
Receivables turnover	48.55	45.33	0	0	0
Payables turnover	0	0	0	0	0
Inventory turnover	0	0	0	0	0
ROE	0.12	0.09	0.11	0.12	0.11
Capex per share	-0.15	-0.16	-0.13	-0.1	-0.05

Quarterly Fundamentals Overview

Last date of statement is 2023-09-30 for Q3

Metric	2022-09-30	2022-12-31	2023-03-31	2023-06-30	2023-09-30
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	1.63	1.65	1.6	-0.06	1.39
Net income per share	0.49	0.5	0.47	0.14	0.25
Operating cash flow per share	1.43	0.05	-0.13	0.57	1.1
Free cash flow per share	1.43	0.04	-0.14	0.55	1.1
Cash per share	30.42	23.17	23.15	23.62	19.75
Book value per share	15.62	15.4	16.01	16.2	15.2
Tangible book value per share	12.89	12.69	13.34	13.55	12.67
Share holders equity per share	15.62	15.4	16.01	16.2	15.2
Interest debt per share	6.31	7.94	15.5	17.78	7.41
Market cap	12.27B	13.13B	9.55B	6.08B	6.16B
Enterprise value	8B	14.79B	14.16B	11.37B	6.89B
P/E ratio	11.58	12.34	9.51	20.53	11.24
Price to sales ratio	14.03	14.86	11.13	-202.53	7.91
POCF ratio	15.98	525.28	-138.37	19.92	9.98
PFCF ratio	16.04	691.16	-129.03	20.53	9.98
P/B Ratio	1.47	1.59	1.11	0.7	0.72
PTB ratio	1.47	1.59	1.11	0.7	0.72
EV to sales	9.14	16.73	16.51	-378.96	8.84
Enterprise value over EBITDA	17.61	29.94	24.67	45.29	34.25
EV to operating cash flow	10.41	591.6	-205.24	37.28	11.16
EV to free cash flow	10.45	778.42	-191.38	38.41	11.16
Earnings yield	0.02	0.02	0.03	0.01	0.02
Free cash flow yield	0.06	0	-0.01	0.05	0.1
Debt to equity	0.4	0.5	0.94	1.08	0.43
Debt to assets	0.04	0.05	0.1	0.11	0.04
Net debt to EBITDA	-9.42	3.36	8.04	21.09	3.61
Current ratio	9.53	0.98	0.54	0.52	1.17
Interest coverage	5.96	3.19	2.38	1.6	0.39
Income quality	2.87	0.09	-0.27	0.92	1.02
Dividend Yield	0.01	0.01	0.01	0.02	0
Payout ratio	0.34	0.33	0.36	1.24	0
Sales general and administrative to revenue	0.32	0.32	0.32	-0.07	0.34
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0.02	0.02	0.02	0.02	0.02
Capex to operating cash flow	0	-0.24	0.07	-0.03	0
Capex to revenue	0	-0.01	-0.01	0.3	0
Capex to depreciation	-0.08	-0.33	-0.17	-0.29	0
Stock based compensation to revenue	0.02	0.02	0.03	0.47	0
Graham number	13.18	13.11	12.98	7.07	9.16
ROIC	0.03	0.03	0.03	0.01	0.01
Return on tangible assets	0	0	0	0	0
Graham Net	-107.42	-108.18	-110.63	-112.3	-112.17
Working capital	14.59B	-61M	-3.01B	-3.87B	432M
Tangible asset value	6.9B	6.8B	7.16B	7.3B	7.08B
Net current asset value	-57.58B	-67.96B	-68.36B	-69.14B	-70.8B
Invested capital	0.4	0.5	0.94	1.08	0.43
Average receivables	0	0	0	0	0
Average payables	0	0	0	0	0
Average inventory	0	0	0	0	0
Days sales outstanding	0	0	0	0	0
Days payables outstanding	0	0	0	0	0
Days of inventory on hand	0	0	0	0	0
Receivables turnover	0	0	0	0	0
Payables turnover	0	0	0	0	0
Inventory turnover	0	0	0	0	0
ROE	0.03	0.03	0.03	0.01	0.02
Capex per share	-0.01	-0.01	-0.01	-0.02	0

FHN Dividend History

FHN Frequently Asked Questions

What is First Horizon Corporation stock symbol ?

First Horizon Corporation is a US stock , located in Memphis of Tn and trading under the symbol FHN

Is First Horizon Corporation buy or a sell ?

3 stock analysts have 3 predictions with a medium analyst target price of $20.33. The lowest prediction is $20 and the highest is $21

What is FHN stock prediction ?

What is First Horizon Corporation stock quote today ?

First Horizon Corporation stock price is $13.63 today.

Is First Horizon Corporation stock public?

Yes, First Horizon Corporation is a publicly traded company.

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Company Profile

Volume Average 8.34M
Market Capitalization 7.62B
Employee 7.3K
CEO Mr. D. Bryan Jordan
Headquarters Memphis,TN,US
IPO Date 1980-03-17
Website https://www.firsthorizon.com

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through three segments: Regional Banking, Specialty Banking, and Corporate. It offers general banking services for consumers, businesses, financial institutions, and governments. The company also underwrites bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; sells loans and derivatives; and offers advisory services. In addition, it offers various services, such as mortgage banking; title insurance and loan-closing; brokerage; correspondent banking; nationwide check clearing and remittance processing; trust, fiduciary, and agency; equipment finance; and investment and financial advisory services. Further, the company sells mutual fund and retail insurance products; and credit cards. It operates approximately 500 banking offices in 22 states under the First Horizon Bank brand; and 400 banking centers in 12 states under the FHN Financial brand in the United States. The company was formerly known as First Horizon National Corporation and changed its name to First Horizon Corporation in November 2020. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.