FHN
First Horizon Corporation Financial Services - Banking Investor Relations →
First Horizon Corporation (FHN) closed at $24.81 as of 2026-06-19, trading 40.3% above its 200-week moving average of $17.69. The stock is currently moving closer to the line, down from 41.4% last week. With a 14-week RSI of 76, FHN is in overbought territory.
Trading volume is running at 1.4x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.18 ratio) is neutral — neither side is clearly dominating.
Over the past 2365 weeks of data, FHN has crossed below its 200-week moving average 28 times. On average, these episodes lasted 23 weeks. Historically, investors who bought FHN at the start of these episodes saw an average one-year return of +11.4%.
With a market cap of $11.8 billion, FHN is a large-cap stock. Return on equity stands at 11.3%. The stock trades at 1.4x book value.
The company has been aggressively buying back shares, reducing its share count by 9.7% over the past three years.
Over the past 33.5 years, a hypothetical investment of $100 in FHN would have grown to $683, compared to $3097 for the S&P 500. FHN has returned 5.9% annualized vs 10.8% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -35.9% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: FHN vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After FHN Crosses Below the Line?
Across 19 historical episodes, buying FHN when it crossed below its 200-week moving average produced an average return of +10.8% after 12 months (median +19.0%), compared to +16.9% for the S&P 500 over the same periods. 68% of those episodes were profitable after one year. After 24 months, the average return was +11.4% vs +25.8% for the index.
Each line shows $100 invested at the moment FHN crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices FHN would reach each dislocation threshold.
Dislocation Price Levels
Prices where FHN's Bean Score would hit each σ threshold. Valid until next earnings report (date TBD — last report: 2026-03-31).
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $20.97 | Unusually cheap — potential buy zone |
| Value | +1σ | $22.09 | Cheap vs. own history |
| Fair Value | +0σ | $23.33 | Historical mean behavior |
| Expensive | -1σ | $24.72 | Expensive vs. own history |
| Deep Expensive | -2σ | $26.28 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from FHN's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
FHN has crossed below its 200-week MA 28 times with an average 1-year return of +11.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Feb 1981 | Mar 1981 | 3 | 3.4% | +20.0% | +6921.4% |
| Mar 1982 | Mar 1982 | 2 | 1.1% | +41.7% | +6076.2% |
| Aug 1982 | Aug 1982 | 1 | 2.5% | +55.6% | +6076.2% |
| Oct 1987 | Mar 1988 | 21 | 21.8% | +22.8% | +2134.0% |
| Apr 1988 | Sep 1988 | 21 | 12.6% | +15.7% | +1986.2% |
| Dec 1988 | Mar 1989 | 15 | 7.8% | -0.8% | +1877.4% |
| Jun 1989 | Jul 1989 | 5 | 5.3% | -12.6% | +1783.9% |
| Dec 1989 | Jan 1990 | 5 | 7.7% | -10.0% | +1751.1% |
| Jan 1990 | Jan 1991 | 53 | 23.7% | -5.7% | +1824.1% |
| Jan 2000 | Dec 2000 | 48 | 40.6% | +22.4% | +117.5% |
| Sep 2005 | Oct 2005 | 5 | 6.2% | +9.0% | +21.9% |
| Jan 2006 | Feb 2006 | 4 | 2.9% | +12.6% | +20.5% |
| Aug 2006 | Sep 2006 | 2 | 1.7% | -15.9% | +14.8% |
| Sep 2006 | Oct 2006 | 4 | 1.1% | -26.3% | +14.0% |
| Jul 2007 | Feb 2013 | 290 | 78.4% | -74.9% | +15.9% |
| Apr 2013 | Apr 2013 | 3 | 5.0% | +22.0% | +257.0% |
| Oct 2018 | Oct 2018 | 2 | 3.4% | +3.2% | +112.3% |
| Dec 2018 | Jul 2019 | 32 | 20.0% | +9.8% | +119.3% |
| Aug 2019 | Aug 2019 | 2 | 3.1% | -32.2% | +107.0% |
| Oct 2019 | Oct 2019 | 1 | 1.5% | -28.7% | +105.7% |
| Feb 2020 | Jan 2021 | 45 | 54.3% | +28.6% | +137.9% |
| Jan 2021 | Feb 2021 | 1 | 1.7% | +29.0% | +115.7% |
| Mar 2023 | Mar 2023 | 1 | 6.8% | +3.0% | +88.8% |
| May 2023 | Apr 2024 | 52 | 39.6% | +51.4% | +155.2% |
| Jun 2024 | Jul 2024 | 5 | 9.7% | +38.6% | +74.7% |
| Jul 2024 | Aug 2024 | 3 | 6.0% | +43.9% | +71.9% |
| Sep 2024 | Oct 2024 | 5 | 4.5% | +49.8% | +71.8% |
| Mar 2025 | Apr 2025 | 1 | 1.7% | +47.1% | +58.5% |
| Average | 23 | — | +11.4% | — |
Frequently Asked Questions
Is FHN below its 200-week moving average?
No. First Horizon Corporation (FHN) is currently 40.3% above its 200-week moving average of $17.69. It would need to fall to $17.69 to cross below the line.
What is FHN's 200-week moving average price?
First Horizon Corporation's 200-week moving average is $17.69 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when FHN drops below its 200-week moving average?
FHN has crossed below its 200-week moving average 28 times in our data. On average, buying at that moment produced a one-year return of +11.4%. These dips have historically been decent entry points. These episodes lasted 23 weeks on average.
Is FHN a good value right now?
Here's what our data says about FHN as of 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 76 (overbought). Return on equity is 11.3%. Price-to-book is 1.4x. This is not a buy or sell recommendation — always do your own research.
How does FHN compare to the S&P 500?
Over the past 33.5 years, $100 invested in FHN would have grown to $683, compared to $3097 for the S&P 500. That's 5.9% annualized vs 10.8% for the index. FHN has underperformed the broader market over this period.
Does FHN pay a dividend?
Yes. First Horizon Corporation currently pays a dividend yield of 273.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19