First Horizon Corporation (FHN) Stock Price & How to Invest

First Horizon Corporation is the holding company for First Horizon Bank, a regional lender headquartered in Memphis, Tennessee with roughly $82 billion in assets and operations across about 12 states in the Southeast and Texas. The bank offers commercial and private banking, consumer and small-business services, wealth and trust management, retail brokerage, capital markets, and fixed income. It holds leading deposit market share positions in Tennessee and Louisiana, with additional density in Florida, the Carolinas, Virginia, Atlanta, and the Dallas and Houston markets.

The investment picture centers on First Horizon's Sun Belt footprint, its net interest income (the spread between what it earns on loans and pays on deposits), fee businesses like fixed income trading, and credit quality. A high-profile all-cash acquisition by TD Bank at $25 per share was called off in May 2023 over regulatory uncertainty, leaving FHN independent and since focused on organic growth, buybacks, and dividends. Results in early 2026 showed rising profitability, but as a bank the stock remains sensitive to interest rates, the shape of the yield curve, and the regional credit cycle.

As a regional bank, First Horizon carries interest rate risk, since a falling or inverted yield curve can compress margins. Credit risk is meaningful because a downturn in its Southeastern and Texas markets, including commercial real estate exposure, could raise charge-offs from the low levels seen recently. Deposit competition and the possibility of funding outflows remain a concern after the 2023 regional-banking stress. The stock also lost the premium tied to the TD takeover when that deal collapsed, and regulatory capital requirements could limit buybacks.

19 analysts publish price targets on FHN, averaging $27.95 against a $25.64 price as of August 2026, or +9.0%. The published targets run from $25.00 to $30.00, a narrow spread, and the ratings split 8 buy, 11 hold, 0 sell. Over the last six months there have been 6 raises and 5 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full FHN forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on First Horizon Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Sun Belt regional growth. First Horizon is concentrated in faster-growing Southeastern and Texas markets, holding number-one or number-two deposit share in several Tennessee and Louisiana markets. The most optimistic published target, $30.00, assumes this works close to its best case.

The case against. As a regional bank, First Horizon carries interest rate risk, since a falling or inverted yield curve can compress margins. The most pessimistic target, $25.00, is roughly what FHN is worth if this bites instead.

Read the full bull and bear case on FHN, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see First Horizon Corporation's investor relations page or your broker.

• Market cap: ~$12.4B
• Revenue (Q1 2026): ~$862M
• Net income to common (Q1 2026): ~$257M
• EPS (Q1 2026): ~$0.53
• P/E (trailing): ~12x
• Dividend yield: ~2.6%

First Horizon reported first-quarter 2026 revenue of about $862 million, up roughly 6 percent year over year, with net income available to common shareholders near $257 million and earnings per share of about $0.53, up 21 percent from a year earlier. The shares trade around 12 times trailing earnings and roughly 1.8 times tangible book value, broadly in line with regional-bank peers.

Other names that sit close to FHN: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get FHN exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so FHN sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where FHN fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

FHN gives exposure to a profitable, Sun Belt-focused regional bank trading at a middling valuation, with interest rates and credit quality as the main swing factors.

Whether FHN is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is FHN a buy or a sell?, and where the stock could go from here in the FHN stock forecast.

For income investors, whether FHN pays a dividend and how the payout looks is covered in does FHN pay a dividend? And to weigh FHN against a peer, read the full side-by-side comparisons: FHN vs SGHC and FHN vs TFC.