First Horizon (FHN)
Pairs southern relationship banking with national fixed-income and capital-markets services.
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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
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 17, 2026 | Hovde Group | Initiate | Rating: —Target: — | Target: $25 |
| Sep 8, 2026 | Morgan Stanley | Initiate | Rating: —Target: $21 | Target: $30 |
| Sep 8, 2026 | National Bank | Target | Target: $29 | Target: $30 |
| Aug 10, 2026 | Wells Fargo | Reiterate | Rating: —Target: $26 | Target: $28 |
| Jul 16, 2026 | National Bank | Target | Target: $27 | Target: $29 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.03B · Total debt $4.32B · Total assets $84.44B · Shareholders' equity $9.17B
- Revenue
- $1.24B
- Operating income
- $341.0M
- Net income
- $271.0M
HistoryDividendAnnual yield
| Institutions | 87.45% | 415.08M shares | |
|---|---|---|---|
| 697 holders · as of Jun 30, 2026 | |||
| Insiders | 1.07% | 5.06M shares | |
| 25 holders · as of Aug 24, 2026 | |||
| Other | 11.48% | 54.48M shares | |
| remainder | |||
474.62M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 12.37% | 58.71M | as of Jun 30, 2026 |
Bank of New York Mellon CorpInstitution | 6.14% | 29.15M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.72% | 22.42M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.51% | 21.39M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.87% | 18.39M | as of Jun 30, 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 |
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Tennessee-anchored relationship bank with a broader post-Synovus footprint
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| First Horizon | $23.36 | +0.09% | $11.08B | 11.2 | 10.8 | 2.4 | +9.9% |
| Regions Financial | $27.67 | −0.88% | $23.82B | 11.4 | 10.2 | 2.5 | +2.2% |
| Truist Financial | $47.60 | −0.99% | $59.89B | 11.4 | 10.1 | 2.0 | +6.5% |
| Pinnacle Financial Partners | $94.82 | +0.23% | $14.28B | 11.6 | 8.8 | 2.9 | +145.2% |
| First Citizens BancShares | $2,070.73 | +0.13% | $23.56B | 11.1 | 11.0 | 1.6 | −5.5% |
| Hancock Whitney | $73.39 | −0.25% | $5.97B | 14.4 | 10.6 | 3.0 | +7.8% |
| Fifth Third | $52.38 | −0.72% | $47.82B | 18.0 | 12.1 | 3.2 | +45.2% |
| Median | 11.5 | 10.4 | 2.7 | +7.1% |