FHN - NYSE
First Horizon Corporation
$23.63
-1.5%First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through three segments: Regional Banking, Specialty Banking, and Corporate. It offers general banking services for consumers, businesses, financial institutions, and governments. The company also underwrites bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; sells loans and derivatives; and offers advisory services. In addition, it offers various services, such as mortgage banking; title insurance and loan-closing; brokerage; correspondent banking; nationwide check clearing and remittance processing; trust, fiduciary, and agency; equipment finance; and investment and financial advisory services. Further, the company sells mutual fund and retail insurance products; and credit cards. It operates approximately 500 banking offices in 22 states under the First Horizon Bank brand; and 400 banking centers in 12 states under the FHN Financial brand in the United States. The company was formerly known as First Horizon National Corporation and changed its name to First Horizon Corporation in November 2020. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.
At a Glance
Live SnapshotFirst Horizon Corporation Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Cash Flow Quality Insight
Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.
First Horizon Corporation Cash Flow Statement
FHN • NYSE
| First Horizon Corporation Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
983M | 794M | 916M | 900M | 1B | 857M | 452M | 557M | 177M | 238.5M | 97.3M | 234M | 38.4M | -16.3M | 142.6M | 61.6M | -258.4M | -178M | -170.1M | 462.9M | |
94M | 101M | 102M | 85M | 45M | 62M | 66M | 59M | 70.9M | 64.7M | 60.7M | 56.9M | 71.6M | 118M | 89.3M | 82.5M | 81.7M | 97.4M | 131.6M | 144.8M | |
49M | -17M | 44M | 0.0 | 0.0 | -18M | 14M | 104M | 121M | 79.6M | 24.2M | 3.7M | -8.6M | -70.3M | 36M | 233.5M | -173.9M | -411.4M | -215.3M | 102.7M | |
61M | 59M | 36M | 75M | 43M | 32M | 22M | 23.2M | 20.6M | 17.5M | 13.8M | 11.4M | 16.1M | 16.2M | 14.2M | 12M | 9M | 9M | 0.0 | 0.0 | |
-734M | -678M | -648M | -1.4B | -2.6B | -2.5B | -1B | -551M | -202.8M | -156.8M | 33.6M | 394.2M | 342.1M | 425.5M | 269.9M | 495.4M | 1.2B | 1.3B | 661.2M | -212.3M | |
(62M) | (106M) | (123M) | (20M) | (258M) | (105M) | (71M) | (43M) | (54.4M) | (11.6M) | (15M) | (77.8M) | (5.4M) | (33.1M) | (16.4M) | (2.1M) | (109.2M) | (336.7M) | (0.0) | (0.0) | |
535M | 1B | 849M | 2.6B | 2.2B | 1.7B | 1.3B | 42M | -215.5M | -63.5M | 137.7M | 7.4M | -31M | -101.5M | -508.1M | -117M | -85.8M | 3.4B | -294.3M | 1.1B | |
988M | 1.3B | 1.3B | 2.3B | 725M | 172M | 830M | 234.3M | -28.8M | 180M | 367.2M | 704.7M | 431.4M | 371.6M | 44M | 768.1M | 784.3M | 4.3B | 113.2M | 1.6B | |
INVESTING ACTIVITIES | ||||||||||||||||||||
(0.0) | -44M | -37M | -28M | -53M | -58M | -49M | -48M | -53M | -62.6M | -39.9M | -31.4M | -27.3M | -21.9M | -35.4M | -42.6M | -21.2M | -23.7M | -33.5M | -100.2M | |
(0.0) | (0.0) | (11M) | (0.0) | (0.0) | (2.1B) | (0.0) | -46M | -336.6M | (0.0) | -5.1M | (413.4M) | (54.9M) | (5.3M) | (24.5M) | (0.0) | (803K) | -40.6M | (23.3M) | (293.4M) | |
-874M | -1.5B | -261M | -3.5B | -4.5B | -4.7B | -630M | -473M | -1.6B | -1.2B | -1.1B | -751.4M | -1.3B | -1.2B | -1.3B | -2B | -223.5M | -777.3M | -573.4M | -4.6B | |
957M | 2B | 909M | 1.4B | 2.9B | 4.7B | 992M | 697M | 1.5B | 1.2B | 734M | 635.3M | 963.4M | 1.1B | 1.3B | 1.6B | 759.4M | 751M | 1.5B | 3.6B | |
-1.5B | -1.5B | -3.2B | 10.4B | -2.9B | -7B | -2.7B | 350M | -900.6M | -2.3B | -141.2M | -1.8B | 1.1B | -373.7M | 148.1M | 1B | 1.9B | 250.6M | -776.2M | -1.6B | |
-1.5B | -1.1B | -2.6B | (8.3B) | -4.6B | -5B | -2.4B | (480M) | -1.3B | -2.5B | -518.4M | -1.5B | (763M) | -415.2M | (167M) | (622.2M) | (2.4B) | (160M) | (141M) | -2.4B | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-479M | -626M | -10M | -12M | -416M | -11M | -134M | -105M | -5.6M | -97.4M | -32.6M | -43.6M | -91.5M | -133.8M | -124.8M | 261.8M | -392K | 659.4M | 33.4M | -108.5M | |
-535M | 894M | -406M | 386M | -183M | -1.9B | 2B | -2.6B | 2.1B | -257.2M | -1.3B | 465M | -1.2B | 64.1M | -1B | -1.2B | -4.2B | -4.4B | 3B | 4.1B | |
-340M | -361M | -367M | -356M | -366M | -239M | -177M | -145M | -86.1M | -69.7M | -60.1M | -53.6M | -42.5M | -10.1M | -7.9M | -47.8M | -56.2M | -135M | -225M | -223.4M | |
-998M | -626M | -10M | -12M | -416M | -11M | -134M | -105M | -5.6M | -97.4M | -32.6M | -43.6M | -91.5M | -133.8M | -124.8M | -867.9M | -392K | -415K | (0.0) | -165.6M | |
1.9B | -311M | 2.3B | -11.4B | 4.8B | 7.1B | -255M | 2.1B | -202.5M | 2.7B | 1.6B | 656.3M | -270.6M | 401.3M | 987.6M | 324.1M | 619.7M | -1.5B | -3B | -3.2B | |
524M | -404M | 1.5B | -10.9B | 4B | 5.2B | 1.4B | -761M | 1.8B | 2.3B | 110.7M | 1B | -1.5B | 321.6M | -151.5M | -1.5B | -3.6B | -5.4B | -140.6M | 521M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
58M | -194M | 188M | -245M | 140M | 381M | -138M | -47M | 414.3M | 6.7M | -40.3M | 243.5M | -278.4M | 278M | 59.5M | -149.8M | -406.2M | -934.9M | 113.6M | -252.5M | |
1.5B | 1.7B | 1.5B | 1.8B | 1.6B | 1.3B | 1.4B | 1.5B | 1B | 1B | 1.1B | 827.9M | 1.1B | 828.3M | 768.8M | 918.6M | 1.3B | 2.3B | 2.1B | 2.4B | |
1.6B | 1.5B | 1.7B | 1.5B | 1.8B | 1.6B | 1.3B | 1.4B | 1.5B | 1B | 1B | 1.1B | 827.9M | 1.1B | 828.3M | 768.8M | 918.6M | 1.3B | 2.3B | 2.2B | |
955M | 1.2B | 1.3B | 2.3B | 672M | 114M | 781M | 186.3M | -81.8M | 117.4M | 327.2M | 673.3M | 404M | 349.7M | 8.6M | 725.4M | 763.1M | 4.3B | 79.7M | 1.5B |
SEC Filings
FHN - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 29, 2026 | April 27, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 15, 2026 | April 15, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 16, 2026 | April 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 12, 2026 | March 06, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 26, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 15, 2026 | January 15, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | November 06, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 28, 2025 | October 27, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 15, 2025 | October 15, 2025 | 2025 |
Related Guides
Continue your FHN research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.