FHN
First Horizon Corporation
NYSE: FHN · FINANCIAL SERVICES · BANKS - REGIONAL
$24.41
-0.97% today
Updated 2026-04-29
Market cap
$11.77B
P/E ratio
12.27
P/S ratio
3.65x
EPS (TTM)
$1.99
Dividend yield
2.52%
52W range
$18 – $26
Volume
5.5M
First Horizon Corporation (FHN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.50B | $3.17B | $3.06B | $2.26B | $1.73B | $1.56B | $1.43B | $1.28B | $1.23B | $1.21B | $1.33B | $1.45B | $2.21B | $2.23B | $2.80B | $3.15B | $3.41B | $4.71B | $4.94B | $4.99B |
| Revenue growth (YoY) | — | -9.4% | -3.4% | -26.2% | -23.2% | -9.9% | -8.2% | -10.7% | -4.1% | -1.6% | +9.9% | +9.2% | +52.6% | +0.9% | +25.5% | +12.6% | +8.1% | +38.2% | +4.7% | +1.0% |
| Cost of revenue | $1.42B | $1.64B | $1.79B | $1.10B | $419.45M | $175.60M | $188.29M | $149.68M | $108.53M | $91.69M | $99.83M | $147.62M | $334.00M | $459.00M | $739.00M | $-146.00M | $386.00M | $1.82B | $1.99B | $1.63B |
| Gross profit | $2.08B | $1.53B | $1.27B | $1.16B | $1.31B | $1.39B | $1.25B | $1.13B | $1.12B | $1.12B | $1.23B | $1.30B | $1.88B | $1.77B | $2.06B | $3.30B | $3.02B | $2.90B | $2.95B | $3.36B |
| Gross margin | 59.5% | 48.3% | 41.4% | 51.4% | 75.8% | 88.8% | 86.9% | 88.3% | 91.2% | 92.4% | 92.5% | 89.8% | 84.9% | 79.4% | 73.6% | 104.6% | 88.7% | 61.4% | 59.7% | 67.3% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $1.02B | $968.12M | $1.09B | $949.51M | $778.99M | $715.95M | $741.98M | $620.44M | $545.03M | $581.28M | $632.98M | $665.79M | $658.00M | $708.00M | $1.06B | $1.30B | $1.19B | $1.27B | $1.25B | $1.48B |
| Operating income | $338.08M | $-315.61M | $-328.84M | $-420.53M | $51.75M | $149.85M | $-101.70M | $18.43M | $318.23M | $108.25M | $345.32M | $308.87M | $714.00M | $586.00M | $933.00M | $1.28B | $1.16B | $1.13B | $1.00B | $1.28B |
| Operating margin | 9.7% | -10.0% | -10.8% | -18.6% | 3.0% | 9.6% | -7.1% | 1.4% | 25.9% | 9.0% | 26.0% | 21.3% | 32.3% | 26.3% | 33.3% | 40.7% | 34.0% | 23.9% | 20.4% | 25.7% |
| EBITDA | $482.89M | $-183.97M | $-231.39M | $-338.80M | $134.25M | $239.17M | $16.27M | $90.05M | $375.13M | $169.00M | $409.99M | $379.80M | $773.00M | $652.00M | $995.00M | $1.33B | $1.24B | $1.23B | $1.11B | $1.34B |
| EBITDA margin | 13.8% | -5.8% | -7.6% | -15.0% | 7.7% | 15.3% | 1.1% | 7.0% | 30.5% | 14.0% | 30.9% | 26.2% | 34.9% | 29.2% | 35.5% | 42.1% | 36.5% | 26.1% | 22.4% | 26.8% |
| EBIT | $338.08M | $-315.61M | $-328.84M | $-420.53M | $51.75M | $149.85M | $-101.70M | $18.43M | $318.23M | $108.25M | $345.32M | $308.87M | $714.00M | $586.00M | $933.00M | $1.28B | $1.16B | $1.13B | $1.00B | $1.28B |
| Interest expense | $1.33B | $1.37B | $711.64M | $216.47M | $149.45M | $131.60M | $110.29M | $94.68M | $81.53M | $82.69M | $88.83M | $147.62M | $326.00M | $414.00M | $236.00M | $164.00M | $291.00M | $1.56B | $1.84B | $1.56B |
| Income tax | $87.28M | $-140.73M | $-154.41M | $-174.94M | $-21.18M | $15.84M | $-85.26M | $-19.39M | $84.19M | $10.94M | $106.81M | $131.89M | $157.00M | $134.00M | $76.00M | $274.00M | $247.00M | $212.00M | $211.00M | $282.00M |
| Effective tax rate | 15.9% | 45.3% | 44.6% | 39.3% | -73.0% | 10.8% | 75.4% | -258.0% | 27.4% | 11.3% | 32.0% | 44.3% | 22.4% | 23.3% | 8.3% | 21.5% | 21.5% | 19.1% | 21.4% | 22.3% |
| Net income | $462.91M | $-170.11M | $-191.99M | $-269.84M | $50.20M | $131.20M | $-27.76M | $26.90M | $222.52M | $85.88M | $227.05M | $165.51M | $545.00M | $441.00M | $845.00M | $999.00M | $900.00M | $897.00M | $775.00M | $983.00M |
| Net income growth (YoY) | — | -136.7% | -12.9% | -40.5% | +118.6% | +161.3% | -121.2% | +196.9% | +727.1% | -61.4% | +164.4% | -27.1% | +229.3% | -19.1% | +91.6% | +18.2% | -9.9% | -0.3% | -13.6% | +26.8% |
| Profit margin | 13.2% | -5.4% | -6.3% | -12.0% | 2.9% | 8.4% | -1.9% | 2.1% | 18.1% | 7.1% | 17.1% | 11.4% | 24.6% | 19.8% | 30.2% | 31.7% | 26.4% | 19.0% | 15.7% | 19.7% |