
FHN Stock Forecast & Price Target
FHN Analyst Ratings
Bulls say
First Horizon's strong performance is underscored by a $34 million increase in net interest income, which reached $675 million, exceeding projections and alongside a notable 5.3% quarter-over-quarter growth. The bank's tangible book value rose by 2.7% on a quarterly basis and 7.1% year-over-year, reflecting robust financial health and stability. Additionally, the expansion of First Horizon's footprint through the acquisition of IBERIA, along with a significant increase in core fee income, positions the bank favorably in competitive southern markets, enhancing its revenue generation potential.
Bears say
First Horizon Corp's stock experienced a significant decline, dropping over 9% following unexpected messaging during the third quarter earnings call regarding potential mergers and acquisitions, which overshadowed otherwise positive fundamental trends in the quarter. Despite the provision expense showing a benefit of $5 million and improving nonperforming assets (NPAs) in the latest quarter, average deposits decreased by approximately $1.1 billion year-to-date, highlighting a concerning trend in customer retention and deposit growth. Additionally, the company's projected earnings per share growth for 2026 at 10% falls short of the peer median growth rate of 14%, raising further concerns about its competitive positioning and overall financial health.
This aggregate rating is based on analysts' research of First Horizon National and is not a guaranteed prediction by Public.com or investment advice.
FHN Analyst Forecast & Price Prediction
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