Resilient Performance | First Horizon demonstrates strength in core earnings and expense management, navigating challenges in deposit pricing and Net Interest Margin trends. |
Strategic Pivot | Explore First Horizon's refocused strategy post-merger termination, including aggressive stock buybacks and positioning for asset repricing opportunities. |
Market Dynamics | Delve into the competitive landscape of Southeastern U.S. banking, examining First Horizon's efforts to retain deposits and expand market share. |
Future Outlook | Analysts project improved performance with price targets ranging from $18 to $19, anticipating margin recovery and potential benefits from Fed rate cuts. |
First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through Regional Banking and Specialty Banking segments. It offers general banking services for consumers, businesses, financial institutions, and governments. The company also accepts deposits; provides underwriting services for bank-eligible securities and other fixed-income securities by financial subsidiaries; sells loans and derivatives; financial planning; and offers investment and financial advisory services. In addition, it offers mortgage banking; loan syndications; brokerage services; commercial and business banking for business enterprises, consumer banking, and private client and wealth management services; capital markets, professional commercial real estate, mortgage warehouse and asset-based lending, franchise and equipment finance, tax credit finance, energy and healthcare finance, asset management, and corporate and correspondent banking services. Further, the company provides transaction processing services including check clearing services and remittance processing, credit cards, investment, and sale of mutual fund and retail insurances, as well as trust, fiduciary, and agency services. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.
Metrics to compare | FHN | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipFHNPeersSector | |
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P/E Ratio | 13.3x | 50.4x | 8.7x | |
PEG Ratio | −0.37 | 0.75 | 0.03 | |
Price/Book | 1.1x | 0.9x | 1.0x | |
Price / LTM Sales | 3.0x | 3.9x | 2.7x | |
Upside (Analyst Target) | 7.7% | 7.4% | 10.7% | |
Fair Value Upside | Unlock | 7.3% | 2.9% | Unlock |