First Horizon CorporationFHN

$24.81+0.08 (+0.32%)
NYSEFinancial Services24:00 UTC

Company snapshot

Market Cap
$12B
Large-cap
+257%
2016 — today
10-Year Price
+73%
2016 — today
52-Week Range
$19.94$26.23
Current $24.81· 77%

First Horizon Corporation functions as the parent company of First Horizon Bank, offering a diverse range of financial services. Its operations are segmented into three core divisions: Regional Banking, Specialty Banking, and Corporate. The company provides standard banking services to consumers, businesses, financial institutions, and governmental bodies. Beyond core banking, it also underwrites eligible securities, such as fixed-income instruments, via its financial subsidiaries; engages in the sale of loans and derivatives; and provides advisory services. Its broad service portfolio further encompasses mortgage banking, title insurance and loan-closing, brokerage, correspondent banking, nationwide check clearing and remittance, trust and fiduciary functions, equipment financing, and both investment and financial advisory. Additionally, First Horizon markets mutual funds, retail insurance products, and credit cards. Across the United States, the corporation maintains a significant presence, with roughly 500 First Horizon Bank branches across 22 states and about 400 FHN Financial centers in 12 states. Formerly known as First Horizon National Corporation, the company adopted its current name, First Horizon Corporation, in November 2020. Established in 1864, its corporate headquarters are located in Memphis, Tennessee.

Valuation in context

P/E ratio
12.4
Around average
Around the 10-year average
P/B ratio
1.3
Above average
Pricier than usual over the last 10 years
EV / EBITDA
16.7
Near historic high
Near historic highs — last 10 years
Dividend Yield
2.6%
Below average
Below the 10-year average
PEG ratio
20.3
Near historic high
Near historic highs — last 10 years
FCF Yield
7.4%
Around average
Around the 10-year average
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