FHN Stock Analysis — First Horizon Corporation
Sector: Financials
AI Verdict
FHN trades at 11.2x next year's earnings with 8.2% expected EPS growth—cheap for a regional bank if its sticky deposit moat keeps earnings momentum, but the growth expectation needs to hold up to justify even this modest multiple.
Competitive Moat
First Horizon operates as a regional bank with deep local relationships and a sticky deposit base, which helps insulate it from national competition. Its defensibility comes from entrenched customer ties and regulatory barriers to entry in core markets.
Summary
FHN stands out for its 11.2x forward P/E and a recent 64.2% revenue growth spike, drawing attention in a sector where growth is rare.
Where It Stands
With a 12.2x trailing P/E and 11.2x forward P/E, FHN trades below the financial sector median of 14x, while posting 8.2% forward EPS growth and a 64.2% revenue jump.
Key Metrics
- Trailing P/E: 12.2x
- Forward P/E: 11.2x
- PEG Ratio: 1.48
- Earnings Growth: +0.1%
- Revenue Growth: +0.6%
- Dividend Yield: 0.03%
- 52-Week High: $26.56
- 52-Week Low: $18.55
Analyst Consensus
12 Buy · 12 Hold · 0 Sell (24 analysts)
Bull Case
FHN's 11.2x forward P/E is a discount to the sector average, while analysts expect 8.2% EPS growth, suggesting you're paying less for more growth than most regional banks.
Bear Case
If FHN's P/E reverts to the sector median of 14x without further growth, upside is capped at just 25%, and any disappointment on the 8.2% EPS growth could trigger a rerating down to single-digit multiples.
Catalyst to Watch
Watch for the next earnings report to confirm whether the 8.2% EPS growth forecast is on track, as a miss could quickly compress the P/E below 11x.