First Horizon Corp
NYSE:FHN

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First Horizon Corp Logo
First Horizon Corp
NYSE:FHN
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Price: 20.18 USD 0.25%
Market Cap: 10.8B USD
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Intrinsic Value

The intrinsic value of one FHN stock under the Base Case scenario is 22.56 USD. Compared to the current market price of 20.18 USD, First Horizon Corp is Undervalued by 11%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

FHN Intrinsic Value
22.56 USD
Undervaluation 11%
Intrinsic Value
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First Horizon Corp

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Business Breakdown

First Horizon Corp. stands as a prominent player in the banking sector, primarily serving the southeastern United States. With a foundation that traces back over 150 years, the company has built a reputation for providing a wide array of financial services, including retail banking, commercial banking, and wealth management. Following the strategic acquisition of Capital Bank in 2017, First Horizon has significantly expanded its footprint, enhancing its ability to serve both individual and business clients. The company's focus on community engagement and tailored financial solutions has fostered strong customer loyalty, driving consistent growth and resilience even in fluctuating economic co...

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
First Horizon Corp

Net Loans 61.6B
Investments 14.2B
PP&E 572m
Intangibles 1.7B
Other Assets 4.6B
Total Deposits 66.6B
Short Term Debt 2.6B
Long Term Debt 1.2B
Other Liabilities 3.3B
Earnings Calls

In the third quarter of 2024, First Horizon posted an adjusted EPS of $0.42, up $0.06 from the previous quarter, marking strong revenue growth driven by solid fixed income performance. Pre-provision net revenue rose by $11 million, leading to a return on tangible common equity of 13.2%. Despite facing challenges from Hurricanes Helene and Milton, the company maintained operational stability, with net charge-offs at just $24 million. For 2024, they expect total revenue to grow between flat to 2% year-over-year, while managing to keep their common equity Tier 1 ratio at 11.2%, above their target of 11%.

What is Earnings Call?

Wall St
Price Targets

FHN Price Targets Summary
First Horizon Corp

Wall Street analysts forecast FHN stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for FHN is 19.48 USD with a low forecast of 17.17 USD and a high forecast of 22.05 USD.

Lowest
Price Target
17.17 USD
15% Downside
Average
Price Target
19.48 USD
3% Downside
Highest
Price Target
22.05 USD
9% Upside
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Dividends

Dividend Yield
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Dividend Per Share
N/A
Growth 3Y
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Dividend Safety Score
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Previous Payment
-
Today
Next Payment
-
Today
Nov 14, 2024
Previous Payment
-
Next Payment
-
Ex-Dividend Date
-
Shareholder Yield

Current shareholder yield for FHN is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Buyback Yield
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Ownership

FHN Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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FHN News

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Profile

First Horizon Corp Logo
First Horizon Corp

Country

United States of America

Industry

Banking

Market Cap

10.7B USD

Dividend Yield

2.97%

Description

First Horizon Corp. (Tennessee) operates as a financial holding company, which engages in the provision of checking accounts, savings products, mortgage banking, lending, and financing to individuals and businesses. The company is headquartered in Memphis, Tennessee and currently employs 7,676 full-time employees. The firm's segments include Regional Banking, Specialty Banking and Corporate. The Regional Banking segment offers financial products and services, including traditional lending and deposit taking, to consumer and commercial clients primarily in the southern United States and other selected markets. This segment also provides investment, wealth management, financial planning, trust and asset management services. The Specialty Banking segment consists of specialty Banking lines of business, which includes asset-based lending, mortgage warehouse lending, commercial real estate, franchise finance, correspondent banking, equipment finance, mortgage, and title insurance. This segment also delivers treasury management solutions, loan syndications, and international banking.

Contact

TENNESSEE
Memphis
165 Madison Ave
+19018186232.0
www.firsthorizon.com

IPO

1999-07-28

Employees

7 676

Officers

Chairman, President & CEO
Mr. D. Bryan Jordan
Senior EVP & CFO
Ms. Hope Dmuchowski
Senior EVP & COO
Ms. Tammy S. LoCascio

See Also

Discover More
What is the Intrinsic Value of one FHN stock?

The intrinsic value of one FHN stock under the Base Case scenario is 22.56 USD.

Is FHN stock undervalued or overvalued?

Compared to the current market price of 20.18 USD, First Horizon Corp is Undervalued by 11%.

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