First Horizon (FHN)
NYSEFinancialsBanks - RegionalSnapshot 2026-09-09
$24.58-0.36%
Close 2026-09-09 · 1-day change
NYSEFinancialsBanks - RegionalSnapshot 2026-09-09
Intact: The reason to own it still holds.
First Horizon is growing earnings steadily with EPS expected at $1.87 in 2026. Net income rose to $262 million in Q1 2026, showing operational strength. The bank maintains a stable dividend of $0.15 per share. Its valuation is reasonable with a P/E near peers and moderate risk.
Growth could slow if net income or EPS targets are missed. Litigation risks and analyst concerns on valuation may pressure the stock. Dividend stability is uncertain if earnings weaken.
The price is about 7% above our fair value near $24, reflecting roughly 5% revenue growth. Our fair value is 13% below the Street median, indicating some caution versus consensus optimism.
Breaks if: dividend falls below $0.15 per share in FY26
Sustain dividend payments at or above $0.15 per share to provide shareholder returns.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on steady earnings growth and dividend maintenance. The current thesis state is intact, supported by recent strong financial results.
The market appears to have a neutral valuation for FHN, with expectations slightly below the average. There is a low fragility tier, indicating that the current pricing does not reflect significant risks.
FHN's fundamentals are likely to continue on a positive trajectory, as management is on track to meet its earnings and net income goals. Recent financial performance has been strong, although there is a low probability of missing future estimates.
The long-term thesis hinges on the performance of sector bellwethers like HDB, IBN, and PNC. If these companies continue to beat earnings and guide higher, FHN may benefit from the overall sector momentum.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this improved outlook. There are no current threats to the thesis.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Maintained dividend per share at $0.15 in 2025-Q3 and 2025-Q4, increasing slightly to $0.17 in 2026-Q1 and 2026-Q2. Stated in 4 of last 4 quarters, management has consistently prioritized steady dividend payments, and the financial data confirms stable or slightly increased dividends, indicating delivery on this capital allocation priority.
“Dividend per share was $0.17.”
“Dividend per share was $0.17.”
“Dividend per share was $0.15.”
“Dividend per share was $0.15.”
Breaks if: EPS falls below $1.50 in FY26
Continue disciplined execution to grow earnings per share to $1.87 for the full year 2026.
Stated as a priority in 4 of last 4 quarters. Net income available to common shareholders grew 16% in first half 2026 with EPS rising from $0.45 in 2025-Q2 to $0.54 in 2026-Q2. Full year 2025 EPS was $1.87. Management's repeated emphasis on disciplined execution and EPS growth is matched by steady financial improvement, indicating delivery on this priority.
“Net income available to common shareholders grew 16% in first half 2026, reflecting strength across multiple aspects of our business.”
“Year-over-year, net income available to common shareholders grew 21%.”
“Full year 2025 net income increased 29% to $956 million or $1.87 EPS.”
“Strong quarter, disciplined execution of our strategy and expertise of our associates.”
Breaks if: net income falls below $230 million next 4 quarters
Grow net income through revenue growth, expense discipline, and credit quality management.
Stated as a priority in 4 of last 4 quarters. Net income increased from $241 million in 2025-Q2 to $260 million in 2026-Q2 (+8%). Full year 2025 net income rose 29% to $956 million. Management's focus on revenue growth, expense discipline, and credit quality aligns with the steady net income growth observed, indicating delivery on this priority.
“Net income available to common shareholders grew 16% in first half 2026.”
“Net income available to common shareholders grew 21% year-over-year.”
“Full year 2025 net income increased 29% to $956 million.”
“Strong quarter, disciplined execution of our strategy.”
Breaks if: P/E falls below 10 or rises above 16
In the next 1 to 3 years, FHN's performance will depend on its ability to maintain strong earnings and dividends while navigating sector dynamics. Not investment advice.