First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. It operates through Regional Banking, Specialty Banking, and Corporate segments. The company offers commercial banking, business banking, consumer banking, and private client and wealth management business such as deposit, commercial, consumer & wealth investment, wealth management, financial planning, trust and asset management services. The Specialty Banking segment provides wholes banking services like fixed income/capital markets, professional commercial real estate, mortgage warehouse lending, asset-based lending, franchise finance, equipment finance, energy finance, healthcare finance, and trucking and transportation finance; as well as treasury management solutions, loan syndications, and international banking. In addition, the company offers corporate and correspondent banking services. Further, it provides transaction processing services including check clearing services and remittance processing, credit card products, 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.
Financial Resilience | First Horizon navigates mixed performance with strong fee income offsetting NII pressures, showcasing adaptability in challenging market conditions |
Strategic Maneuvers | Explore First Horizon's proactive initiatives, including securities restructuring and share buybacks, aimed at enhancing financial flexibility and shareholder value |
Efficiency Drive | Delve into First Horizon's focus on operational efficiency and cost management, driving positive operating leverage and improved profitability prospects |
Market Expectations | Analysts project EPS range of $1.47-$1.78 for FY1 and $1.60-$1.96 for FY2, with an average price target of $21.67, reflecting cautious optimism |
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 | 13.1x | 11.9x | 9.1x | |
PEG Ratio | - | −0.18 | 0.03 | |
Price/Book | 1.2x | 0.9x | 1.0x | |
Price / LTM Sales | 3.3x | 3.3x | 2.7x | |
Upside (Analyst Target) | 9.0% | 12.7% | 12.0% | |
Fair Value Upside | Unlock | −1.7% | 2.6% | Unlock |