FHN · NYSE · STOCK
First Horizon (FHN) Stock Analysis
$23.33
52W $19.80 – $26.56
71/100
$11.36B
11.3
0.61
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is FHN Bullish or Bearish?
Bullish.
Innellis AI committee rates First Horizon (FHN) Buy with a composite score of 71/100
, based on 5 analysts with 60% agreement.
Last updated September 22, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +3.62 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -16.38 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The primary driver is revenue growing 64.2% yoy -- genuine top-line momentum. The main limiting factor is macd histogram negative -- bearish momentum. The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- P/E of 10.8 is inexpensive for the broad market — Value
- Price-to-book of 1.3x is a discount to asset value — Value
- Dividend yield of 4.9% pays you to wait — Value
- Revenue growing 64.2% YoY -- genuine top-line momentum — Growth
- EPS growing 33.6% YoY — Growth
- 4 consecutive earnings beats -- consistent execution — Growth
Bear Case
- MACD histogram negative -- bearish momentum — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of September 22, 2026
Overall Committee Score
71/100
Agreement
60%
Analysts
5
Conviction
Moderate
Sector Rank
Top 3%
of 211 Financial Services peers
Value Analyst
bullish
80
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 10.8 is inexpensive for the broad market
Growth Analyst
bullish
83
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 64.2% YoY -- genuine top-line momentum
Technical Analyst
neutral
54
/ 100 · High confidence
Mixed or range-bound price action
+ Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement
− MACD histogram negative -- bearish momentum
Macro Analyst
bullish
80
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
neutral
60
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 4 existing position pair(s) are highly correlated already
Investment Thesis Evolution
Committee score strengthened from 67.8 to 71.4.
- Conviction changed from high to moderate.
- Committee agreement fell sharply from 83% to 60%.
- New bearish signals: 1 appeared.
- New bullish signals: 2 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
- Analyst(s) changed stance: News Analyst.
- Analyst(s) abstained: Risk Analyst.
Analyst-level changes:
- Macro Analyst: score 65->80 (+15); +1 bullish signal(s).
- News Analyst: stance bullish->neutral.
- Portfolio Manager: score 45->55 (+10); +1 bearish signal(s).
- Risk Analyst abstained (was bullish at 70).
- Technical Analyst: score 48->54 (+5); +1 bullish signal(s).
Comparing 2026-09-21 to 2026-09-22 (1 day apart).
Technical Analysis
RSI (14)
32.3
Neutral
MACD Histogram
-0.046
Bearish Momentum
Trend Direction
Sideways
Weekly: Sideways
Market Structure
Mixed
Support
$23.24
Resistance
$24.23
Bollinger %B
0.10
Inside Bands
Price vs Moving Averages
EMA 9
$24.20
Below
EMA 21
$24.50
Below
EMA 50
$24.81
Below
EMA 200
$24.14
Below
Fundamental Analysis
Valuation
100
Growth
80
Profitability
67
Financial Health
50
Cash Flow
70
Valuation
P/E Ratio
11.3×
P/B Ratio
1.24×
PEG Ratio
0.33
Dividend Yield
2.76%
52W High
$26.56
52W Low
$19.80
Quality & Growth
ROE
1111.1%
ROA
117.2%
Gross Margin
7535.1%
Operating Margin
2989.4%
Revenue Growth YoY
—
Debt / Equity
0.47
AI Fundamental Assessment
P/E ratio of 11.3 (inexpensive relative to a 15-40x range); Price-to-book of 1.2x; PEG ratio of 0.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 11.1%; Return on assets of 1.2%; Net margin of 22.8%; Gross margin of 75.4%; Current ratio of 0.34 (tight short-term liquidity); Debt-to-equity of 0.47; Free cash flow per share is positive (2.92); Most recent quarter beat estimates by 2.6%; 4 consecutive earnings beats; EPS growth roughly steady (+1.9% -> +1.9% QoQ); Analyst estimates rising over recent quarters
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