First Horizon Corporation (FHN) - Stock Analysis
Last updated: Jan 13, 2026
Research Idea
Research content for general circulation. Not individualized advice.Ā Methodology & Disclosures
First Horizon offers a favorable short-term investment case supported by Q3 2025 earnings growth, robust loan expansion, a $1.2B share repurchase authorized recently, positive industry momentum, and controlled technical price appreciation above key moving averages.
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AI Analyst Overview
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Valuation Metrics
Fundamental Analysis
Key Financial Insights: ā¢ Strong deposits ā¢ Improving margins ā¢ Cash-flow strain FHN combines stable deposit funding, a large investment book and improving quarterly margins with modest returns, recent cash-flow strain, and rising leverage that merit monitoring.
Price Behavior
Key Price Behavior Insights: ā¢ Upward momentum ā¢ Tightening gains ā¢ Support intact Support Level: $22.20 Resistance Level: $24.70 Over the last month FHN trended higher from about $23.59 to $24.47, showing buyer-driven momentum that rests on support near $22.20 but faces short-term resistance around $24.70 with a key watch below $24.00.
Sentiment & News
Key News Insights: ā¢ Analyst upgrades ā¢ 52-week high ā¢ Leadership hires First Horizon is gaining analyst confidence and market valueāhitting a 52-week high and a Buy upgradeādriven by upbeat Q4 2025 earnings expectations, favorable valuations versus regional peers, and strategic January leadership hires.
AI Summary
First Horizon's investment case has shifted from a valuation-driven turnaround to an execution- and capital-allocation trade: the $1.2bn buyback and sequential margin gains create near-term upside, but that upside is contingent on sustained NIM >~3.3ā3.4%, stable quarterly FCF, and no pickup in net charge-offs that would force buyback curtailment. Monitor upcoming quarters for (a) NIM normalization vs. management targets, (b) quarter-to-quarter FCF and CET1 trends, and (c) net charge-offs >40 bps or deposit outflows as triggers to downgrade conviction.
Description
First Horizon Corporation is the bank holding company for First Horizon Bank, providing commercial and consumer banking, underwriting, advisory and capital markets services through three reportable segments: Regional Banking, Specialty Banking and Corporate. Its product set includes lending and mortgage services, trust and fiduciary functions, equipment finance, payment and correspondent processing, brokerage and investment products, and retail insurance and credit card offerings. The company maintains a network of about 500 First Horizon Bank offices across 22 states and roughly 400 FHN Financial centers in 12 states; it is headquartered in Memphis, Tennessee and was founded in 1864.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Jan 9 | Jan 16 | FHN | First Horizon Corporation | First Horizon offers a favorable short-term investment case supported by Q3 2025 earnings growth, robust loan expansion, a $1.2B share repurchase authorized recently, positive industry momentum, and controlled technical price appreciation above key moving averages. | Closed | -1.4% |