First Horizon Corporation (FHN) reported $3.4B in revenue for fiscal year 2025, up 7.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FHN’s earnings engine is balance-sheet leverage: a roughly 1.2% return on assets becomes 11.1% ROE on an asset-heavy balance sheet.
The least obvious shift is that reported profit recovered while cash conversion weakened: FY2025 net income reached$982M , but operating cash flow was only$628M . That break from FY2023-FY2024, when operating cash flow stayed above$1.2B , matters because buybacks and dividends of$1.23B exceeded free cash flow, so distributions leaned on balance-sheet capacity rather than current-year cash.
With
FY2025’s
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of First Horizon Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for First Horizon Corporation, and counted as zero in the overall score.
First Horizon Corporation passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, First Horizon Corporation generates $0.64 in operating cash flow ($628.0M OCF vs $982.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
First Horizon Corporation generated $3.4B in revenue in fiscal year 2025. This represents an increase of 7.2% from the prior year.
First Horizon Corporation reported $982.0M in net income in fiscal year 2025. This represents an increase of 26.7% from the prior year.
First Horizon Corporation earned $1.87 per diluted share (EPS) in fiscal year 2025. This represents an increase of 37.5% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
First Horizon Corporation generated $595.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 51.4% from the prior year.
First Horizon Corporation held $1.6B in cash as of fiscal year 2025; long-term debt is not reported for that period.
First Horizon Corporation paid $0.60 per share in dividends in fiscal year 2025. That is unchanged from the prior year.
Margins & Returns
First Horizon Corporation's net profit margin was 28.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.4 percentage points from the prior year.
First Horizon Corporation's ROE was 11.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.3 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
First Horizon Corporation spent $918.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 46.6% from the prior year.
First Horizon Corporation invested $33.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 25.0% from the prior year.
Not reported for fiscal year 2025.
FHN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5B | $3.4B+7.2% | $3.2B-8.0% | $3.5B+8.1% | $3.2B | N/A | N/A | $1.8B-6.1% | $1.9B+45.3% | $1.3B+4.9% | $1.3B+9.3% | $1.2B+1.0% | $1.2B-1.4% | $1.2B-9.0% | $1.3B-11.1% | $1.4B |
| SG&A Expenses | $1.2B | $1.2B+1.9% | $1.1B+3.4% | $1.1B-0.1% | $1.1B-9.0% | $1.2B+17.1% | $1.0B+48.6% | $695.0M+5.6% | $658.0M+12.0% | $587.5M+4.2% | $563.8M+10.2% | $511.6M+7.0% | $478.2M-9.6% | $529.0M-17.4% | $640.9M+5.0% | $610.2M |
| Interest Expense | $1.5B | $1.6B-15.0% | $1.8B+18.0% | $1.6B+436.1% | $291.0M+77.4% | $164.0M-30.5% | $236.0M-43.0% | $414.0M+27.0% | $326.0M+120.8% | $147.6M+66.2% | $88.8M+7.4% | $82.7M+1.4% | $81.5M-13.9% | $94.7M-14.2% | $110.3M-16.2% | $131.6M |
| Income Tax | $297.0M | $282.0M+33.6% | $211.0M-0.5% | $212.0M-14.2% | $247.0M-9.9% | $274.0M+260.5% | $76.0M-43.3% | $134.0M-14.6% | $157.0M+19.0% | $131.9M+23.5% | $106.8M+876.2% | $10.9M-87.0% | $84.2M+534.2% | -$19.4M+73.1% | -$72.0M-554.8% | $15.8M |
| Net Income | $1.1B | $982.0M+26.7% | $775.0M-13.6% | $897.0M-0.3% | $900.0M-9.9% | $999.0M+18.2% | $845.0M+91.6% | $441.0M-19.1% | $545.0M+229.3% | $165.5M-27.1% | $227.0M+164.4% | $85.9M-61.4% | $222.5M+727.1% | $26.9M+200.3% | -$26.8M-120.4% | $131.2M |
| EPS (Diluted) | — | $1.87+37.5% | $1.36-11.7% | $1.54+0.7% | $1.53-12.1% | $1.74-7.9% | $1.89+37.0% | $1.38-16.4% | $1.65+153.8% | $0.65-30.9% | $0.94+176.5% | $0.34-62.6% | $0.91+911.1% | $0.09+181.8% | -$0.11-122.0% | $0.50 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FHN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $83.9B+2.1% | $82.2B+0.6% | $81.7B+3.4% | $79.0B-11.4% | $89.1B+5.8% | $84.2B+94.4% | $43.3B+6.1% | $40.8B-1.4% | $41.4B+45.1% | $28.6B+9.0% | $26.2B+2.0% | $25.7B+7.9% | $23.8B-6.1% | $25.3B+2.2% | $24.8B |
| Cash & Equivalents | $1.6B+3.8% | $1.5B-11.2% | $1.7B+12.2% | $1.5B-13.7% | $1.8B+8.5% | $1.6B+30.1% | $1.3B-9.8% | $1.4B-3.2% | $1.5B+39.9% | $1.0B | N/A | N/A | N/A | N/A | $828.3M |
| Goodwill | $1.5B0.0% | $1.5B0.0% | $1.5B-0.1% | $1.5B0.0% | $1.5B0.0% | $1.5B+5.4% | $1.4B0.0% | $1.4B+3.3% | $1.4B+624.8% | $191.4M0.0% | $191.3M+31.1% | $145.9M+2.8% | $141.9M+5.7% | $134.2M+0.4% | $133.7M |
| Total Liabilities | $74.7B+2.3% | $73.0B+0.9% | $72.4B+2.8% | $70.4B-12.6% | $80.6B+6.2% | $75.9B+98.5% | $38.2B+6.1% | $36.0B-2.2% | $36.8B+42.5% | $25.9B+9.8% | $23.6B+2.0% | $23.1B+8.4% | $21.3B-6.7% | $22.8B+3.3% | $22.1B |
| Total Equity | $8.8B+0.4% | $8.8B-2.0% | $9.0B+9.0% | $8.3B+0.6% | $8.2B+2.3% | $8.0B+67.6% | $4.8B+6.5% | $4.5B+4.8% | $4.3B+77.8% | $2.4B+2.8% | $2.3B+2.5% | $2.3B+4.3% | $2.2B-1.0% | $2.2B-7.3% | $2.4B |
| Retained Earnings | $5.0B+14.8% | $4.4B+10.5% | $4.0B+15.6% | $3.4B+18.6% | $2.9B+27.9% | $2.3B+25.8% | $1.8B+16.6% | $1.5B+32.9% | $1.2B+12.8% | $1.0B+17.7% | $874.3M+2.7% | $851.6M+24.7% | $682.8M-5.1% | $719.7M-5.0% | $757.4M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Long-Term Debt.
FHN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.1B | $628.0M-50.5% | $1.3B-2.4% | $1.3B-43.3% | $2.3B+216.0% | $725.0M+321.5% | $172.0M-79.3% | $830.0M+254.7% | $234.0M+912.6% | -$28.8M-116.0% | $180.0M-51.0% | $367.4M-47.9% | $704.7M+63.4% | $431.4M+16.1% | $371.6M+745.0% | $44.0M |
| Capital Expenditures | $42.0M | $33.0M-25.0% | $44.0M+18.9% | $37.0M+32.1% | $28.0M-24.3% | $37.0M-90.2% | $379.0M+673.5% | $49.0M+28.9% | $38.0M-86.8% | $287.6M+359.8% | $62.6M+43.8% | $43.5M+11.9% | $38.9M-6.2% | $41.5M+89.7% | $21.9M-38.3% | $35.4M |
| Free Cash Flow | $1.0B | $595.0M-51.4% | $1.2B-3.0% | $1.3B-44.2% | $2.3B+228.9% | $688.0M+432.4% | -$207.0M-126.5% | $781.0M+298.5% | $196.0M+161.9% | -$316.4M-369.5% | $117.4M-63.7% | $323.9M-51.4% | $665.8M+70.8% | $389.9M+11.5% | $349.7M+3982.8% | $8.6M |
| Investing Cash Flow | -$2.0B | -$1.1B-3.4% | -$1.1B+59.4% | -$2.6B-131.3% | $8.3B+281.1% | -$4.6B+7.4% | -$5.0B-107.8% | -$2.4B-597.9% | $480.0M+136.2% | -$1.3B+46.3% | -$2.5B-375.7% | -$518.4M+65.1% | -$1.5B-294.7% | $763.0M+283.8% | -$415.2M-348.6% | $167.0M |
| Financing Cash Flow | $1.0B | $524.0M+229.7% | -$404.0M-127.0% | $1.5B+113.7% | -$10.9B-370.6% | $4.0B-22.4% | $5.2B+264.0% | $1.4B+286.9% | -$761.0M-143.1% | $1.8B-22.9% | $2.3B+1971.6% | $110.7M-89.2% | $1.0B+169.5% | -$1.5B-557.9% | $321.6M+312.3% | -$151.5M |
| Dividends Paid | $312.0M | $314.0M-5.4% | $332.0M-0.9% | $335.0M+3.4% | $324.0M-2.7% | $333.0M+50.0% | $222.0M+29.8% | $171.0M+23.0% | $139.0M+74.0% | $79.9M+25.8% | $63.5M+17.7% | $53.9M+13.9% | $47.4M+23.9% | $38.2M+279.8% | $10.1M+26.7% | $7.9M |
| Share Buybacks | $881.0M | $918.0M+46.6% | $626.0M+6160.0% | $10.0M-16.7% | $12.0M-97.1% | $416.0M+10300.0% | $4.0M-97.0% | $134.0M+27.6% | $105.0M+1790.5% | $5.6M-94.3% | $97.4M+198.3% | $32.6M-25.1% | $43.6M-52.4% | $91.5M-31.6% | $133.8M+196.5% | $45.1M |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FHN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 28.7%+4.4pp | 24.3%-1.6pp | 25.9%-2.2pp | 28.1% | N/A | N/A | 24.3%-3.9pp | 28.1%+15.7pp | 12.4%-5.4pp | 17.9%+10.5pp | 7.4%-11.9pp | 19.3%+17.0pp | 2.3%+4.4pp | -2.1%-11.2pp | 9.1% |
| Return on Equity | 11.1%+2.3pp | 8.8%-1.2pp | 10.0%-0.9pp | 10.9%-1.3pp | 12.2%+1.6pp | 10.5%+1.3pp | 9.2%-2.9pp | 12.1%+8.3pp | 3.9%-5.6pp | 9.4%+5.8pp | 3.7%-6.1pp | 9.7%+8.5pp | 1.2%+2.4pp | -1.2%-6.7pp | 5.5% |
| Return on Assets | 1.2%+0.2pp | 0.9%-0.2pp | 1.1%0.0pp | 1.1%0.0pp | 1.1%+0.1pp | 1.0%0.0pp | 1.0%-0.3pp | 1.3%+0.9pp | 0.4%-0.4pp | 0.8%+0.5pp | 0.3%-0.5pp | 0.9%+0.8pp | 0.1%+0.2pp | -0.1%-0.6pp | 0.5% |
| Debt-to-Equity | 8.45+0.2x | 8.29+0.2x | 8.04-0.5x | 8.53-1.3x | 9.83+0.4x | 9.47+1.5x | 8.000.0x | 8.03-0.6x | 8.60-2.1x | 10.73+0.7x | 10.05-0.1x | 10.10+0.4x | 9.71-0.6x | 10.31+1.1x | 9.25 |
| FCF Margin | 17.4%-21.0pp | 38.4%+2.0pp | 36.4%-34.2pp | 70.6% | N/A | N/A | 43.0%+32.9pp | 10.1%+33.9pp | -23.8%-33.0pp | 9.2%-18.6pp | 27.9%-30.0pp | 57.9%+24.4pp | 33.4%+6.1pp | 27.3%+26.7pp | 0.6% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Where First Horizon Corporation Ranks
Frequently Asked Questions
What is First Horizon Corporation's annual revenue?
First Horizon Corporation (FHN) reported $3.4B in total revenue for fiscal year 2025. This represents a 7.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is First Horizon Corporation's revenue growing?
First Horizon Corporation (FHN) revenue grew by 7.2% year-over-year, from $3.2B to $3.4B in fiscal year 2025.
Is First Horizon Corporation profitable?
Yes, First Horizon Corporation (FHN) reported a net income of $982.0M in fiscal year 2025, with a net profit margin of 28.7%.
What is First Horizon Corporation's net profit margin?
First Horizon Corporation (FHN) had a net profit margin of 28.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does First Horizon Corporation pay dividends?
Yes, First Horizon Corporation (FHN) paid $0.60 per share in dividends during fiscal year 2025.
What is First Horizon Corporation's return on equity (ROE)?
First Horizon Corporation (FHN) has a return on equity of 11.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is First Horizon Corporation's free cash flow?
First Horizon Corporation (FHN) generated $595.0M in free cash flow during fiscal year 2025. This represents a -51.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is First Horizon Corporation's operating cash flow?
First Horizon Corporation (FHN) generated $628.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are First Horizon Corporation's total assets?
First Horizon Corporation (FHN) had $83.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are First Horizon Corporation's capital expenditures?
First Horizon Corporation (FHN) invested $33.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is First Horizon Corporation's debt-to-equity ratio?
First Horizon Corporation (FHN) had a debt-to-equity ratio of 8.45 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is First Horizon Corporation's return on assets (ROA)?
First Horizon Corporation (FHN) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is First Horizon Corporation's Piotroski F-Score?
First Horizon Corporation (FHN) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are First Horizon Corporation's earnings high quality?
First Horizon Corporation (FHN) has an earnings quality ratio of 0.64x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is First Horizon Corporation?
First Horizon Corporation (FHN) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.