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Financials · FHN

First Horizon Corporation (FHN) financials

For the twelve months ended Sep 30, 2026, First Horizon Corporation reported $3.04B of revenue and $719.00M of net income.

Revenue, TTM
$3.04B
Revenue growth, YoY
-6.6%
Net income, TTM
$719.00M
Net income growth, YoY
-19.7%
Net margin
23.6%
Free cash flow, TTM
$1.82B
EPS, diluted, TTM
$1.38
EPS growth, YoY
-16.4%
Cash
$2.04B
P/E
15.18
P/S
3.59
Market cap
$10.92B
Annual revenue$3.42B
FY2016FY2025
Annual net income$982.00M
FY2016FY2025
Annual free cash flow$595.00M
FY2016FY2025

FHN revenue and earnings growth

FHN revenueQ3 2026$407.00M

Quarter YoY
-54.2%
QoQ
-54.1%
FY YoY
+7.2%
5Y CAGR
+1.6%
10Y CAGR
+11.3%

FHN revenue was $407.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 54.2% from a year earlier and down 54.1% from the prior quarter. For the full fiscal 2025 it was $3.42B, up 7.2% from fiscal 2024. Compound annual growth was +1.6% over 5 years and +11.3% over 10 years. It rose in 7 of the last 10 fiscal years.

FHN net incomeQ3 2026-$83.00M

FY YoY
+26.7%
5Y CAGR
+3.1%
10Y CAGR
+27.6%

FHN net income was -$83.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $262.00M a year earlier. For the full fiscal 2025 it was $982.00M, up 26.7% from fiscal 2024. Compound annual growth was +3.1% over 5 years and +27.6% over 10 years. It rose in 5 of the last 10 fiscal years.

FHN EPSQ3 2026-$0.20

FY YoY
+37.5%
5Y CAGR
-0.2%
10Y CAGR
+18.6%

FHN diluted EPS was -$0.20 in fiscal Q3 2026 (ended Sep 30, 2026), compared with $0.50 a year earlier. For the full fiscal 2025 it was $1.87, up 37.5% from fiscal 2024. Compound annual growth was -0.2% over 5 years and +18.6% over 10 years.

FHN free cash flowQ3 2026$594.00M

QoQ
+4.9%
FY YoY
-51.4%
10Y CAGR
+6.3%

FHN free cash flow was $594.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$208.00M a year earlier and up 4.9% from the prior quarter. For the full fiscal 2025 it was $595.00M, down 51.4% from fiscal 2024. Compound annual growth was +6.3% over 10 years. It rose in 1 of the last 4 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$3.42B$3.19B$3.47B$3.21B$3.07B$3.15B$1.86B$1.94B$1.33B$1.28B
Interest expense--$1.56B$291.00M$164.00M$236.00M$414.00M$326.00M$147.62M$88.83M
Pre-tax income$1.28B$1.00B$1.13B$1.16B$1.28B$933.00M$586.00M$714.00M$308.87M$345.32M
Income tax$282.00M$211.00M$212.00M$247.00M$274.00M$76.00M$134.00M$157.00M$131.89M$106.81M
Net income$982.00M$775.00M$897.00M$900.00M$999.00M$845.00M$441.00M$545.00M$165.51M$227.05M
EPS, basic$1.89$1.37$1.58$1.62$1.76$1.90$1.39$1.66$0.66$0.95
EPS, diluted$1.87$1.36$1.54$1.53$1.74$1.89$1.38$1.65$0.65$0.94
Diluted shares511.1M544.3M561.7M566.0M551.2M433.7M315.7M327.4M244.5M235.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$1.59B$1.54B$1.73B$1.54B$1.79B$1.65B$1.27B$1.41B$1.45B$1.04B
Goodwill$1.51B$1.51B$1.51B$1.51B$1.51B$1.51B$1.43B$1.43B$1.39B$191.37M
Total assets$83.88B$82.15B$81.66B$78.95B$89.09B$84.21B$43.31B$40.83B$41.42B$28.56B
Short-term debt$3.25B$3.40B$2.55B$2.51B$2.12B$2.20B$3.52B---
Total liabilities$74.73B$73.04B$72.37B$70.41B$80.60B$75.90B$38.23B$36.05B$36.84B$25.85B
Shareholders' equity$8.85B$9.11B$9.29B$8.55B$8.49B$8.31B$5.08B$4.79B$4.58B$2.71B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$628.00M$1.27B$1.30B$2.29B$725.00M$172.00M$830.00M$234.00M-$28.80M$179.99M
Capital expenditures$33.00M$44.00M$37.00M$28.00M$37.00M$379.00M$49.00M$38.00M$287.64M$62.55M
Free cash flow$595.00M$1.22B$1.26B$2.26B$688.00M-$207.00M$781.00M$196.00M-$316.44M$117.44M
Investing cash flow-$1.09B-$1.06B-$2.60B$8.33B-$4.60B-$4.97B-$2.39B$480.00M-$1.32B-$2.47B
Financing cash flow$524.00M-$404.00M$1.49B-$10.87B$4.02B$5.18B$1.42B-$761.00M$1.77B$2.29B
Dividends paid$314.00M$332.00M$335.00M$324.00M$333.00M$222.00M$171.00M$139.00M$79.90M$63.50M
Share repurchases$918.00M$626.00M$10.00M$12.00M$416.00M$4.00M$134.00M$105.00M$5.55M$97.40M
Stock-based compensation$61.00M$59.00M$36.00M$75.00M$43.00M$32.00M$22.00M$23.00M$20.63M$17.54M
Depreciation and amortization$64.00M$101.00M$102.00M$85.00M$45.00M$46.00M$65.00M$59.00M$70.92M$64.67M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY7.2%-8.0%8.1%4.5%-2.7%69.2%-4.1%45.8%4.0%9.4%
Net income growth, YoY26.7%-13.6%-0.3%-9.9%18.2%91.6%-19.1%229.3%-27.1%164.4%
EPS growth, YoY37.5%-11.7%0.7%-12.1%-7.9%37.0%-16.4%153.8%-30.9%176.5%
Net margin28.7%24.3%25.9%28.1%32.5%26.8%23.7%28.0%12.4%17.7%
Free cash flow margin17.4%38.4%36.4%70.6%22.4%-6.6%41.9%10.1%-23.7%9.2%
Return on equity11.1%8.5%9.7%10.5%11.8%10.2%8.7%11.4%3.6%8.4%
Return on assets1.2%0.9%1.1%1.1%1.1%1.0%1.0%1.3%0.4%0.8%

Source: XBRL data First Horizon Corporation files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FHN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FHN$3.04B-6.6%$719.00M23.6%$10.92B
JPM$203.15B+13.2%$65.98B32.5%$888.26B
BAC$120.16B+5.4%$32.24B26.8%$340.97B
WFC$87.23B+5.4%$22.97B26.3%$251.98B
C$85.22B+5.6%$14.31B16.8%$199.70B
UBS$49.57B+2.0%$7.80B15.7%$148.27B
COF$63.01B+31.2%$10.87B17.2%$121.43B
MFG¥8.79T+7.6%¥1.16T13.2%$116.96B
BNSC$37.74B+12.1%C$7.79B20.6%$112.48B

FHN FAQ

8 questions
  • What is FHN revenue?
    First Horizon Corporation (FHN) reported $3.04B of revenue for the twelve months ended Sep 30, 2026. That is down 6.6% from the year before. Revenue for fiscal 2025 was $3.42B.
  • Is FHN profitable?
    Yes. First Horizon Corporation earned $719.00M in net income for the twelve months ended Sep 30, 2026, a net margin of 23.6%.
  • How much cash and debt does FHN have?
    First Horizon Corporation reported $2.04B in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is FHN revenue growing?
    First Horizon Corporation's revenue changed +7.2% in fiscal 2025, to $3.42B. Its compound annual growth rate was +1.6% over 5 years and +11.3% over 10 years.
  • What is FHN free cash flow?
    First Horizon Corporation generated $1.82B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.88B less capital expenditures.
  • What is FHN earnings per share?
    Diluted earnings per share were $1.38 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FHN last report financial results?
    The latest statements here come from First Horizon Corporation's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this FHN financial data come from?
    Quantisnow builds these statements from the structured XBRL data First Horizon Corporation files with the SEC. It is provided for information only and is not investment advice.