FIRST HORIZON CORP
FHN, FHN-PE, FHN-PF, FHN-PH · National Commercial Banks · 474.6M shares · +15%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$26M (gross $10M, SBC $36M)
Reference price $24.34 · est. market cap ~$11.6B — last insider sale, 2026-01-29 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B70First Horizon — Southeastern regional with improving earnings.
Strengths
- Net income up 27%, FCF 90th pct
- ROE 11.1% (63rd)
Risks
- Cash-flow margins weak (11th–14th)
- CRE and credit exposure
- Deposit competition
Notable findings
- Chronic dilutionShare count +15%/yr over 4y (dilution, book value/share -39%)
- Insider sellingInsider selling — 14 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$2M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
28.7%
Return on equity
11.1%
Return on assets
1.2%
Revenue growth (QoQ)
-2.9%
Net-income growth
26.7%
Free cash flow
$595M
Tangible book value
$7.2B
Stock comp / revenue
1.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-12 | Restel Anthony J | Tax withheld | 18K | $23.90 |
| 2026-05-12 | Fleming Jeff L. | Tax withheld | 980 | $23.90 |
| 2026-05-12 | Dmuchowski Hope | Tax withheld | 9.8K | $23.90 |
| 2026-05-12 | Argo Ashley W | Tax withheld | 599 | $23.90 |
| 2026-05-12 | Argo Ashley W | Tax withheld | 406 | $23.90 |
| 2026-05-12 | Hung Thomas | Tax withheld | 408 | $23.90 |
| 2026-05-12 | Fleming Jeff L. | Tax withheld | 737 | $23.90 |
| 2026-05-12 | Hung Thomas | Tax withheld | 360 | $23.90 |
| 2026-05-12 | ARDOIN ELIZABETH A | Tax withheld | 9.9K | $23.90 |
| 2026-05-12 | JORDAN D BRYAN | Tax withheld | 46K | $23.90 |
| 2026-05-12 | Hart Tanya L | Tax withheld | 4.9K | $23.90 |
| 2026-05-12 | Hart Tanya L | Tax withheld | 2.4K | $23.90 |
| 2026-05-12 | LoCascio Tammy | Tax withheld | 14K | $23.90 |
| 2026-05-05 | Brown Jeffrey Jonathan | Grant | 12K | — |
| 2026-05-05 | Mody Sital K | Grant | 5.9K | — |
| 2026-05-05 | DIETRICH JOHN W | Grant | 5.9K | — |
| 2026-05-05 | Davidson Wendy P | Grant | 5.9K | — |
| 2026-05-05 | Compton John C | Grant | 14K | — |
| 2026-05-05 | Carboni Velia | Grant | 5.9K | — |
| 2026-05-05 | Stewart Cecelia D. | Grant | 5.9K | — |
| 2026-05-05 | PALMER VICKI R | Grant | 5.9K | — |
| 2026-05-05 | MOEHN MICHAEL L | Grant | 5.9K | — |
| 2026-05-05 | Maples Ricky E | Grant | 12K | — |
| 2026-05-05 | KEMP SR JAMES MICHAEL | Grant | 10.0K | — |
| 2026-05-01 | Restel Anthony J | Other | 3.0K | $25.00 |
| 2026-05-01 | Restel Anthony J | Other | 50 | $25.00 |
| 2026-04-27 | Restel Anthony J | Grant | 39K | — |
| 2026-04-27 | Dmuchowski Hope | Grant | 25K | — |
| 2026-04-27 | JORDAN D BRYAN | Grant | 118K | — |
| 2026-04-27 | LoCascio Tammy | Grant | 36K | — |
| 2026-04-27 | Hart Tanya L | Grant | 12K | — |
| 2026-04-27 | ARDOIN ELIZABETH A | Grant | 23K | — |
| 2026-03-02 | Restel Anthony J | Tax withheld | 10K | $24.16 |
| 2026-03-02 | LoCascio Tammy | Tax withheld | 8.3K | $24.16 |
| 2026-03-02 | Hart Tanya L | Tax withheld | 2.9K | $24.16 |
| 2026-03-02 | ARDOIN ELIZABETH A | Tax withheld | 5.8K | $24.16 |
| 2026-03-02 | Dmuchowski Hope | Tax withheld | 5.8K | $24.16 |
| 2026-03-02 | JORDAN D BRYAN | Tax withheld | 27K | $24.16 |
| 2026-02-11 | Hart Tanya L | Grant | 11K | — |
| 2026-02-11 | ARDOIN ELIZABETH A | Grant | 4.6K | — |
| 2026-02-11 | Dmuchowski Hope | Grant | 27K | — |
| 2026-02-11 | JORDAN D BRYAN | Grant | 102K | — |
| 2026-02-11 | Argo Ashley W | Grant | 8.0K | — |
| 2026-02-11 | Wiseman Thomas Lang | Grant | 11K | — |
| 2026-02-11 | Restel Anthony J | Grant | 28K | — |
| 2026-02-11 | LoCascio Tammy | Grant | 28K | — |
| 2026-02-11 | Hung Thomas | Grant | 13K | — |
| 2026-02-11 | Fleming Jeff L. | Grant | 4.8K | — |
| 2026-01-29 | Restel Anthony J | Option exercise | 6.2K | $16.01 |
| 2026-01-29 | Restel Anthony J | Sell | 4.1K | $24.34 |
| 2026-01-29 | Restel Anthony J | Option exercise | 1.9K | $16.01 |
| 2026-01-29 | Restel Anthony J | Sell | 1.6K | $24.35 |
| 2026-01-29 | JORDAN D BRYAN | Option exercise | 117K | $15.43 |
| 2026-01-29 | JORDAN D BRYAN | Sell | 19K | $24.14 |
| 2026-01-29 | JORDAN D BRYAN | Sell | 10K | $24.15 |
| 2026-01-29 | JORDAN D BRYAN | Sell | 3.6K | $24.16 |
| 2026-01-29 | JORDAN D BRYAN | Sell | 9.2K | $24.16 |
| 2026-01-29 | JORDAN D BRYAN | Sell | 1.7K | $24.16 |
| 2026-01-29 | JORDAN D BRYAN | Sell | 24K | $24.17 |
| 2026-01-29 | JORDAN D BRYAN | Sell | 3.9K | $24.18 |
| 2026-01-29 | JORDAN D BRYAN | Sell | 2.4K | $24.18 |
| 2026-01-29 | JORDAN D BRYAN | Sell | 4.6K | $24.19 |
| 2026-01-29 | JORDAN D BRYAN | Sell | 698 | $24.20 |
| 2026-01-29 | JORDAN D BRYAN | Sell | 2.9K | $24.21 |
| 2026-01-29 | JORDAN D BRYAN | Sell | 2.9K | $24.21 |
| 2025-12-22 | JORDAN D BRYAN | Gift | 42K | — |
| 2025-12-05 | Dmuchowski Hope | Tax withheld | 3.0K | $22.76 |
| 2025-11-12 | Fleming Jeff L. | Option exercise | 9.8K | $15.43 |
| 2025-11-12 | Fleming Jeff L. | Sell | 7.6K | $21.74 |
| 2025-11-04 | POPWELL DAVID T | Sell | 155K | $21.31 |
| 2025-11-03 | Mody Sital K | Grant | 3.4K | — |
| 2025-10-27 | LoCascio Tammy | Tax withheld | 3.9K | $20.99 |
| 2025-10-27 | Restel Anthony J | Tax withheld | 9.0K | $20.99 |
| 2025-08-22 | POPWELL DAVID T | Sell | 100K | $22.50 |
| 2025-08-22 | MOEHN MICHAEL L | Grant | 4.8K | — |
| 2025-07-31 | JORDAN D BRYAN | Gift | 1.0K | — |
| 2025-07-31 | JORDAN D BRYAN | Gift | 53K | — |
| 2025-07-31 | JORDAN D BRYAN | Gift | 355K | — |
| 2025-07-22 | POPWELL DAVID T | Sell | 832 | $22.21 |
| 2025-07-22 | POPWELL DAVID T | Option exercise | 12K | $15.43 |
| 2025-07-22 | POPWELL DAVID T | Sell | 8.2K | $22.20 |
| 2025-07-22 | POPWELL DAVID T | Sell | 3.4K | $22.21 |
| 2025-07-22 | POPWELL DAVID T | Option exercise | 26K | $15.90 |
| 2025-07-22 | POPWELL DAVID T | Sell | 26K | $22.20 |
| 2025-07-18 | LoCascio Tammy | Option exercise | 3.7K | $15.43 |
| 2025-07-18 | LoCascio Tammy | Sell | 3.0K | $22.24 |
| 2025-07-18 | LoCascio Tammy | Sell | 2.0K | $22.25 |
| 2025-07-18 | LoCascio Tammy | Sell | 3.2K | $22.25 |
| 2025-07-18 | LoCascio Tammy | Sell | 1.9K | $22.25 |
| 2025-07-18 | LoCascio Tammy | Sell | 200 | $22.25 |
| 2025-07-18 | LoCascio Tammy | Option exercise | 8.8K | $15.90 |
| 2025-05-12 | Restel Anthony J | Tax withheld | 27K | $20.06 |
| 2025-05-12 | POPWELL DAVID T | Tax withheld | 20K | $20.06 |
| 2025-05-12 | POPWELL DAVID T | Tax withheld | 23K | $20.06 |
| 2025-05-12 | LoCascio Tammy | Tax withheld | 6.8K | $20.06 |
| 2025-05-12 | LoCascio Tammy | Tax withheld | 22K | $20.06 |
| 2025-05-12 | Hung Thomas | Tax withheld | 339 | $20.06 |
| 2025-05-12 | Hung Thomas | Tax withheld | 408 | $20.06 |
| 2025-05-12 | Fleming Jeff L. | Tax withheld | 4.4K | $20.06 |
| 2025-05-12 | Fleming Jeff L. | Tax withheld | 979 | $20.06 |
| 2025-05-12 | Dmuchowski Hope | Tax withheld | 15K | $20.06 |
| 2025-05-12 | Argo Ashley W | Tax withheld | 376 | $20.06 |
| 2025-05-12 | Argo Ashley W | Tax withheld | 599 | $20.06 |
| 2025-05-12 | ARDOIN ELIZABETH A | Tax withheld | 15K | $20.06 |
| 2025-05-12 | JORDAN D BRYAN | Tax withheld | 73K | $20.06 |
| 2025-05-12 | JORDAN D BRYAN | Tax withheld | 71K | $20.06 |
| 2025-05-12 | Hart Tanya L | Tax withheld | 537 | $20.06 |
| 2025-05-12 | Hart Tanya L | Tax withheld | 2.4K | $20.06 |
| 2025-05-06 | REED COLIN V | Grant | 10K | — |
| 2025-05-06 | TAYLOR R EUGENE | Grant | 7.8K | — |
| 2025-05-06 | Stewart Cecelia D. | Grant | 7.8K | — |
| 2025-05-06 | DIETRICH JOHN W | Grant | 7.8K | — |
| 2025-05-06 | PALMER VICKI R | Grant | 7.8K | — |
| 2025-05-06 | Maples Ricky E | Grant | 16K | — |
| 2025-05-06 | KEMP SR JAMES MICHAEL | Grant | 9.5K | — |
| 2025-05-06 | Davidson Wendy P | Grant | 14K | — |
| 2025-05-06 | Compton John C | Grant | 16K | — |
| 2025-05-06 | Carboni Velia | Grant | 14K | — |
| 2025-05-06 | Brown Jeffrey Jonathan | Grant | 13K | — |
| 2025-04-28 | JORDAN D BRYAN | Grant | 181K | — |
| 2025-04-28 | Dmuchowski Hope | Grant | 38K | — |
| 2025-04-28 | LoCascio Tammy | Grant | 55K | — |
| 2025-04-28 | POPWELL DAVID T | Grant | 60K | — |
| 2025-04-28 | Restel Anthony J | Grant | 60K | — |
| 2025-04-28 | ARDOIN ELIZABETH A | Grant | 36K | — |
| 2025-03-31 | JORDAN D BRYAN | Gift | 726K | — |
| 2025-03-03 | LoCascio Tammy | Tax withheld | 11K | $20.91 |
| 2025-03-03 | JORDAN D BRYAN | Tax withheld | 37K | $20.91 |
| 2025-03-03 | Restel Anthony J | Tax withheld | 14K | $20.91 |
| 2025-03-03 | POPWELL DAVID T | Tax withheld | 12K | $20.91 |
| 2025-03-03 | ARDOIN ELIZABETH A | Tax withheld | 7.9K | $20.91 |
| 2025-03-03 | Dmuchowski Hope | Tax withheld | 7.8K | $20.91 |
| 2025-02-11 | ARDOIN ELIZABETH A | Grant | 15K | — |
| 2025-02-11 | Argo Ashley W | Grant | 6.7K | — |
| 2025-02-11 | Dmuchowski Hope | Grant | 28K | — |
| 2025-02-11 | Fleming Jeff L. | Grant | 4.7K | — |
| 2025-02-11 | Hart Tanya L | Grant | 9.1K | — |
| 2025-02-11 | Hung Thomas | Grant | 12K | — |
| 2025-02-11 | Wiseman Thomas Lang | Grant | 8.9K | — |
| 2025-02-11 | Restel Anthony J | Grant | 30K | — |
| 2025-02-11 | POPWELL DAVID T | Grant | 26K | — |
| 2025-02-11 | LoCascio Tammy | Grant | 30K | — |
| 2025-02-11 | JORDAN D BRYAN | Grant | 99K | — |
| 2025-01-31 | Brown Jeffrey Jonathan | Grant | 2.7K | — |
| 2025-01-22 | JORDAN D BRYAN | Option exercise | 120K | $18.69 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 24K | $21.11 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 200 | $21.11 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 32K | $21.12 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 200 | $21.12 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 207 | $21.12 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 21K | $21.13 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 400 | $21.13 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 596 | $21.14 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 8.4K | $21.14 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 200 | $21.14 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 396 | $21.14 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 16K | $21.15 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 200 | $21.15 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 210 | $21.16 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 1.9K | $21.16 |
| 2025-01-22 | JORDAN D BRYAN | Sell | 3.3K | $21.16 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-04-29 | 5.03Shareholder vote | filing ↗ |
| 2026-04-15 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-12 | 3.035.03OtherExhibits | filing ↗ |
| 2026-01-15 | ResultsReg FDExhibits | filing ↗ |
| 2025-10-28 | Exec/director change5.03Exhibits | filing ↗ |
| 2025-10-15 | ResultsReg FDExhibits | filing ↗ |
| 2025-08-21 | Exec/director change5.03Exhibits | filing ↗ |
| 2025-08-07 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-07 | 2026-03-31 | 0000036966-26-000112 ↗ |
| 8-K | 2026-04-29 | 2026-04-27 | 0000036966-26-000070 ↗ |
| 8-K | 2026-04-15 | 2026-04-15 | 0000036966-26-000067 ↗ |
| 8-K | 2026-03-12 | 2026-03-06 | 0000930413-26-000749 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0000036966-26-000051 ↗ |
| 8-K | 2026-01-15 | 2026-01-15 | 0000036966-26-000012 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0000036966-25-000155 ↗ |
| 8-K | 2025-10-28 | 2025-10-27 | 0000036966-25-000138 ↗ |
| 8-K | 2025-10-15 | 2025-10-15 | 0000036966-25-000133 ↗ |
| 8-K | 2025-08-21 | 2025-08-20 | 0000036966-25-000114 ↗ |
| 8-K | 2025-08-07 | 2025-08-04 | 0000036966-25-000111 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0000036966-25-000110 ↗ |