Stocks · Financials · National Commercial Banks

FIRST HORIZON CORP

FHN Clue Score48
United States Fiscal year ends December CIK 0000036966
$23.08 -0.99% Close, 9 Oct 2026
Price $23.08 +39.20% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue1.27Net income0.23EPS, diluted0.94Fiscal year 2017Revenue1.33 +4.9%Net income0.17 −27.1%EPS, diluted0.65 −30.9%Fiscal year 2018Revenue1.94 +45.3%Net income0.55 +229.3%EPS, diluted1.65 +153.8%Fiscal year 2019Revenue1.82 −6.1%Net income0.44 −19.1%EPS, diluted1.38 −16.4%Fiscal year 2020Net income0.85 +91.6%EPS, diluted1.89 +37.0%Fiscal year 2021Net income1.00 +18.2%EPS, diluted1.74 −7.9%Fiscal year 2022Revenue3.21Net income0.90 −9.9%EPS, diluted1.53 −12.1%Fiscal year 2023Revenue3.47 +8.1%Net income0.90 −0.3%EPS, diluted1.54 +0.7%Fiscal year 2024Revenue3.19 −8.0%Net income0.78 −13.6%EPS, diluted1.36 −11.7%Fiscal year 2025Revenue3.42 +7.2%Net income0.98 +26.7%EPS, diluted1.87 +37.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1.27 1.33 1.94 1.82 n/a n/a 3.21 3.47 3.19 3.42
Growth +4.9% +45.3% −6.1% +8.1% −8.0% +7.2%
Net income 0.23 0.17 0.55 0.44 0.85 1.00 0.90 0.90 0.78 0.98
Growth −27.1% +229.3% −19.1% +91.6% +18.2% −9.9% −0.3% −13.6% +26.7%
EPS, diluted 0.94 0.65 1.65 1.38 1.89 1.74 1.53 1.54 1.36 1.87
Growth −30.9% +153.8% −16.4% +37.0% −7.9% −12.1% +0.7% −11.7% +37.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin17.9%Free cash flow margin9.2%Fiscal year 2017Net margin12.4%Free cash flow margin−23.7%Fiscal year 2018Net margin28.1%Free cash flow margin10.1%Fiscal year 2019Net margin24.3%Free cash flow margin43.0%Fiscal year 2020Fiscal year 2021Fiscal year 2022Net margin28.1%Free cash flow margin70.6%Fiscal year 2023Net margin25.9%Free cash flow margin36.4%Fiscal year 2024Net margin24.3%Free cash flow margin38.4%Fiscal year 2025Net margin28.7%Free cash flow margin17.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 17.9% 12.4% 28.1% 24.3% n/a n/a 28.1% 25.9% 24.3% 28.7%
Free cash flow margin 9.2% −23.7% 10.1% 43.0% n/a n/a 70.6% 36.4% 38.4% 17.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.18Capital expenditure−0.06Free cash flow0.12Buybacks−0.10Dividends paid−0.06Fiscal year 2017Operating cash flow−0.03Capital expenditure−0.29Free cash flow−0.32 −369.5%Buybacks−0.01Dividends paid−0.08Fiscal year 2018Operating cash flow0.23Capital expenditure−0.04Free cash flow0.20Buybacks−0.11Dividends paid−0.14Fiscal year 2019Operating cash flow0.83Capital expenditure−0.05Free cash flow0.78 +298.5%Buybacks−0.13Dividends paid−0.17Fiscal year 2020Operating cash flow0.17Capital expenditure−0.38Free cash flow−0.21 −126.5%Buybacks−0.00Dividends paid−0.22Fiscal year 2021Operating cash flow0.73Capital expenditure−0.04Free cash flow0.69Buybacks−0.42Dividends paid−0.33Fiscal year 2022Operating cash flow2.29Capital expenditure−0.03Free cash flow2.26 +228.9%Buybacks−0.01Dividends paid−0.32Fiscal year 2023Operating cash flow1.30Capital expenditure−0.04Free cash flow1.26 −44.2%Buybacks−0.01Dividends paid−0.34Fiscal year 2024Operating cash flow1.27Capital expenditure−0.04Free cash flow1.22 −3.0%Buybacks−0.63Dividends paid−0.33Fiscal year 2025Operating cash flow0.63Capital expenditure−0.03Free cash flow0.60 −51.4%Buybacks−0.92Dividends paid−0.31
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.18 −0.03 0.23 0.83 0.17 0.73 2.29 1.30 1.27 0.63
Capital expenditure −0.06 −0.29 −0.04 −0.05 −0.38 −0.04 −0.03 −0.04 −0.04 −0.03
Free cash flow 0.12 −0.32 0.20 0.78 −0.21 0.69 2.26 1.26 1.22 0.60
Growth −369.5% +298.5% −126.5% +228.9% −44.2% −3.0% −51.4%
Buybacks −0.10 −0.01 −0.11 −0.13 −0.00 −0.42 −0.01 −0.01 −0.63 −0.92
Dividends paid −0.06 −0.08 −0.14 −0.17 −0.22 −0.33 −0.32 −0.34 −0.33 −0.31

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash1.04Shareholders’ equity2.41Fiscal year 2017Cash1.45Shareholders’ equity4.29Fiscal year 2018Cash1.41Shareholders’ equity4.49Fiscal year 2019Cash1.27Shareholders’ equity4.78Fiscal year 2020Cash1.65Shareholders’ equity8.01Fiscal year 2021Cash1.79Shareholders’ equity8.20Fiscal year 2022Cash1.54Shareholders’ equity8.25Fiscal year 2023Cash1.73Shareholders’ equity9.00Fiscal year 2024Cash1.54Shareholders’ equity8.82Fiscal year 2025Cash1.60Shareholders’ equity8.85
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.04 1.45 1.41 1.27 1.65 1.79 1.54 1.73 1.54 1.60
Shareholders’ equity 2.41 4.29 4.49 4.78 8.01 8.20 8.25 9.00 8.82 8.85

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1.27 1.33 1.94 1.82 n/a n/a 3.21 3.47 3.19 3.42
Growth +4.9% +45.3% −6.1% +8.1% −8.0% +7.2%
0.35 0.31 0.71 0.59 0.93 1.28 1.16 1.13 1.01 1.28
0.11 0.13 0.16 0.13 0.08 0.27 0.25 0.21 0.21 0.28
0.23 0.17 0.55 0.44 0.85 1.00 0.90 0.90 0.78 0.98
Growth −27.1% +229.3% −19.1% +91.6% +18.2% −9.9% −0.3% −13.6% +26.7%
Per share
0.95 0.66 1.66 1.39 1.90 1.76 1.62 1.58 1.37 1.89
0.94 0.65 1.65 1.38 1.89 1.74 1.53 1.54 1.36 1.87
Growth −30.9% +153.8% −16.4% +37.0% −7.9% −12.1% +0.7% −11.7% +37.5%
232.7 241.4 324.4 313.6 432.1 546.4 535.0 548.4 540.3 505.1
235.3 244.5 327.4 315.7 433.7 551.2 566.0 561.7 544.3 511.1
Growth +3.9% +34.0% −3.6% +37.4% +27.1% +2.7% −0.8% −3.1% −6.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 12.0% a year over five years, and earnings per share fell 0.2% a year.
  • The diluted share count rose 17.8% in five years, which is dilution.
  • Profitable in every one of the 10 years on file.