FHN First Horizon Corporation Common Stock
About First Horizon Corporation Common Stock Company overview from Wikipedia
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
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First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
In November 2019, First Horizon Corporation and IberiaBank Corporation agreed to merge, closing in July 2020. The combined bank is based in Memphis, Tennessee, and uses the First Horizon name.
The bank gained national attention during the 2023 banking crisis, in which multiple regional banks across the United States as well as the Swiss institution Credit Suisse all collapsed and were bought out. First Horizon's stock price began to plummet in the wake of both a merger with Toronto-Dominion Bank being called off and the collapse of First Republic Bank in San Francisco.
History
Frank S. Davis founded First National Bank, the first nationally chartered bank in Memphis, after passage of the National Banking Act of 1863. Though the city was under martial law after being captured by Union forces in the Civil War, First National Bank of Memphis was officially chartered for business on March 25, 1864, during the American Civil War.
The bank acquired German Bank in 1895. First National was one of five banks in the twelve districts to help implement the Federal Reserve Act of 1913, and in 1914, the bank participated in the organization of the Federal Reserve Bank of St. Louis. The bank merged with Central-State National Bank in 1926. The merged bank retained First National's name and charter, but was led by Central-State's management team.
In 1942, the bank opened its first suburban branch and by 1952, First National had seven offices. In 1961, a 25-story tower was announced. As of 1967, First National was the largest bank in the Mid-South. A holding company, First National Holding Corporation, was created in 1969. Two years later, because leadership intended to acquire other banks, this became First Tennessee National Corporation. The corporation acquired five banks in 1972 and changed their names to First Tennessee Bank. (Allen B. Morgan had been named president in 1960, chief executive in 1967, and chairman in 1969, retiring in 1973.) In 1977, First National also became First Tennessee Bank.
During the 1980s, the company expanded into mortgage brokerage, mortgage loan origination, and insurance. In 1981 First Express became the first national check-clearing service, and First Tennessee offered brokerage services starting the next year.
In 1993, the bank acquired MNC Mortgage.
In 1994, the bank acquired Peoples Commercial Services Corporation.
In 1995, with the purchases of Maryland National Mortgage Corporation and SNMC Management Corporation, First Tennessee had $6 billion in mortgage origination and was one of the country's top 10 mortgage originators.
In 1999, to reflect its diversification, the bank adopted the slogan, "All Things Financial."
In 2004, the company changed its name to First Horizon National Corporation to reflect its interstate growth.
In May 2007, the company acquired Republic Mortgage, based in Las Vegas.
In September 2007, the company sold 34 branches outside of Tennessee, including 13 branches to M&T Bank, 10 branches to Sterling Bank, 9 branches to Fifth Third, and 2 branches to FMCB Holdings.
In June 2008, the company sold its residential-mortgage origination and servicing business to Metlife.
In November 2008, the United States Department of the Treasury invested $866 million in the company as part of the Troubled Asset Relief Program and in December 2010, the company repurchased the investment from the Treasury.
Across the 2010s, First Horizon acquired three regional banks, starting in 2013, when it acquired the failing Mountain National Bank. First Horizon acquired TrustAtlantic in 2015 and Capital Bank Financial in 2017. In 2019, First Horizon merged with IberiaBank to create a bank with $79 billion in assets and $58 billion in loans. Also in 2019, First Horizon announced it was going to rebrand all of its services under the same First Horizon name. The change encompassing First Tennessee Bank, Capital Bank, FTB Advisors and FTN Financial became effective at the close of business on October 25, 2019, with signage changes expected to be complete throughout those holdings by early 2020.
On July 20, 2020, First Horizon National Corp acquired 30 branches from SunTrust bank, now Truist. The transaction added $410 million in loans and $2.3 billion in deposits. The branches were converted to First Horizon banking centers over the weekend of July 17-19, 2020.
On February 28, 2022, Toronto-based TD Bank Group announced that it would acquire First Horizon Corporation in an all-cash deal of $13.4 billion in what would have been the second-largest bank deal in recent U.S. history. On May 4, 2023, the companies announced that the acquisition would not proceed citing regulatory uncertainties, with TD owing First Horizon a total of $225 million in break-up fees as part of the termination agreement. The merger's call off happened within the same week as the collapse and buyout of First Republic Bank by JPMorgan Chase, and the bank's financial failures are seen as part of the 2023 banking crisis. Reports of First Horizon's call off were paired with the news of PacWest Bancorp itself heading on a lifeline.
Consumer and business banking
First Horizon banking services are available to individual consumers as well as businesses of all sizes.
On October 11, 2016, First Tennessee announced the opening of its first Piedmont Triad retail branch in Winston-Salem. The bank had offered commercial banking and real estate and wealth-management services in the city since 2004. From 2003 to 2016, Winston-Salem was also the headquarters of the Mid-Atlantic Region, including the Triangle, Charlotte and Greenville in North Carolina; Richmond in Virginia; Charleston in South Carolina; and Jacksonville in Florida. The new regional headquarters was in Raleigh, where First Tennessee had four branches after buying TrustAtlantic Bank in 2015.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
FHN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
FHN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 12, 2026 | $0.1700 |
| March 13, 2026 | $0.1700 |
| Dec. 12, 2025 | $0.1500 |
| Sept. 12, 2025 | $0.1500 |
| June 13, 2025 | $0.1500 |
| March 14, 2025 | $0.1500 |
| Dec. 13, 2024 | $0.1500 |
| Sept. 13, 2024 | $0.1500 |
| June 14, 2024 | $0.1500 |
| March 14, 2024 | $0.1500 |
| Dec. 14, 2023 | $0.1500 |
| Sept. 14, 2023 | $0.1500 |
| June 15, 2023 | $0.1500 |
| March 16, 2023 | $0.1500 |
| Dec. 15, 2022 | $0.1500 |
| Sept. 8, 2022 | $0.1500 |
| June 9, 2022 | $0.1500 |
| March 10, 2022 | $0.1500 |
| Dec. 9, 2021 | $0.1500 |
| Sept. 9, 2021 | $0.1500 |
FHN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 5 20.8%
- Buy 6 25.0%
- Hold 13 54.2%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
19 analysts · 2026-08-17Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.54 | $0.53 | 0.01% |
| March 31, 2026 | $0.53 | $0.50 | 0.03% |
| Dec. 31, 2025 | $0.52 | $0.46 | 0.06% |
| Sept. 30, 2025 | $0.51 | $0.45 | 0.06% |
| June 30, 2025 | $0.45 | $0.42 | 0.03% |
| March 31, 2025 | $0.42 | $0.40 | 0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FHN | $11.59B | 12.8 | 7.2% | 28.7% | 11.1% | — |
| RF | — | 11.8 | — | 28.6% | 11.4% | — |
| EWBC | $15.46B | 11.8 | 12.2% | 45.2% | 15.5% | — |
| PNFP | $7.41B | 11.8 | 18.3% | 31.2% | 9.5% | — |
| WBS | — | 10.7 | 11.9% | — | — | — |
| UMBF | $8.74B | 12.4 | 62.8% | 26.5% | 9.4% | — |
| WTFC | $9.36B | 12.3 | 5.9% | 310.1% | 11.4% | — |
| SSB | $9.33B | 12.0 | 56.1% | 29.8% | 8.9% | — |
| CFR | — | 12.8 | 8.3% | 29.0% | 14.8% | — |
| ONB | $8.69B | 12.5 | — | 26.5% | 8.1% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.42B | $3.19B | $3.47B | $3.21B | · | · | $1.82B | $1.94B | $1.33B | $1.27B | $1.16B | $1.15B | |
| Interest Expense | · | · | $1.56B | $291M | $164M | $236M | $414M | $326M | $148M | $89M | $83M | $82M | |
| Interest Income | $4.19B | $4.35B | $4.10B | $2.68B | $2.16B | $1.90B | $1.62B | $1.55B | $990M | $818M | $736M | $709M | |
| Pretax Income | $1.28B | $1.00B | $1.13B | $1.16B | $1.28B | $933M | $586M | $714M | $309M | $345M | $108M | $318M | |
| Income Tax | $282M | $211M | $212M | $247M | $274M | $76M | $134M | $157M | $132M | $107M | $11M | $84M | |
| Net Income | $982M | $775M | $897M | $900M | $999M | $845M | $441M | $545M | $166M | $227M | $86M | $223M | |
| EPS (Basic) | $1.89 | $1.37 | $1.58 | $1.62 | $1.76 | $1.90 | $1.39 | $1.66 | $0.66 | $0.95 | $0.34 | $0.92 | |
| EPS (Diluted) | $1.87 | $1.36 | $1.54 | $1.53 | $1.74 | $1.89 | $1.38 | $1.65 | $0.65 | $0.94 | $0.34 | $0.91 | |
| Shares (Basic) | 505,130,000 | 540,317,000 | 548,410,000 | 535,033,000 | 546,354,000 | 432,125,000 | 313,637,000 | 324,375,000 | 241,436,000 | 232,700,000 | 234,189,000 | 234,997,000 | |
| Shares (Diluted) | 511,107,000 | 544,285,000 | 561,732,000 | 566,004,000 | 551,241,000 | 433,717,000 | 315,657,000 | 327,445,000 | 244,453,000 | 235,292,000 | 236,266,000 | 236,735,000 | |
| EBITDA | $64M | $101M | $102M | $64M | · | $46M | $65M | $59M | $71M | $65M | $61M | $57M |
Balance Sheet 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PP&E (Net) | $544M | $574M | $590M | $612M | $665M | $759M | $455M | $494M | $532M | $289M | $276M | $303M | |
| PP&E (Gross) | $1.15B | $1.13B | $1.10B | $1.07B | $1.07B | $1.14B | $793M | $816M | $851M | $613M | $637M | $671M | |
| Accum. Depreciation | $601M | $552M | $506M | $455M | $407M | $377M | $338M | $322M | $319M | $323M | $361M | $368M | |
| Goodwill | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | $1.43B | $1.43B | $1.39B | $191M | $191M | $146M | |
| Intangibles | $105M | $143M | $186M | $234M | $298M | $354M | $131M | $155M | $184M | $21M | $26M | $30M | |
| Total Assets | $83.88B | $82.15B | $81.66B | $78.95B | $89.09B | $84.21B | $43.31B | $40.83B | $41.42B | $28.56B | $26.19B | $25.67B | |
| Short-term Debt | $3.25B | $3.40B | $2.55B | $2.51B | $2.12B | $2.20B | $3.52B | · | · | · | · | · | |
| Total Liabilities | $74.73B | $73.04B | $72.37B | $70.41B | $80.60B | $75.90B | $38.23B | $36.05B | $36.84B | $25.85B | $23.55B | $23.09B | |
| Total Debt | $3.25B | $3.40B | $2.55B | $2.51B | · | $2.20B | · | · | · | · | · | · | |
| Common Stock | $303M | $328M | $349M | $336M | $333M | $347M | $195M | $199M | $204M | $146M | $149M | $146M | |
| Retained Earnings | $5.03B | $4.38B | $3.96B | $3.43B | $2.89B | $2.26B | $1.80B | $1.54B | $1.16B | $1.03B | $874M | $852M | |
| AOCI | $-810M | $-1.13B | $-1.19B | $-1.37B | $-288M | $-140M | $-239M | $-377M | $-323M | $-248M | $-214M | $-214M | |
| Stockholders' Equity | $8.85B | $8.82B | $9.00B | $8.25B | $8.20B | $8.01B | $4.78B | $4.49B | $4.29B | $2.41B | $2.34B | $2.29B | |
| Liabilities + Equity | $83.88B | $82.15B | $81.66B | $78.95B | $89.09B | $84.21B | $43.31B | $40.83B | $41.42B | $28.56B | $26.19B | $25.67B | |
| Shares Outstanding | 484,825,395 | 524,280,412 | 558,838,694 | 537,100,615 | 533,577,000 | 555,031,000 | 311,469,000 | 318,573,000 | 326,736,000 | 233,624,000 | 238,587,000 | 234,220,000 |
Cash Flow 19
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $64M | $101M | $102M | $85M | $45M | $46M | $65M | $59M | $71M | $65M | $61M | $57M | |
| Stock-based Comp | $61M | $59M | $36M | $75M | $43M | $32M | $22M | $23M | $21M | $18M | $14M | $11M | |
| Deferred Tax | $49M | $-17M | $44M | $91M | $0 | $-18M | $14M | $104M | $121M | $80M | $24M | $4M | |
| Amort. of Intangibles | $38M | $44M | $47M | $51M | $56M | $40M | $25M | $26M | $9M | $5M | $5M | $4M | |
| Restructuring | · | · | · | · | · | · | · | · | · | · | · | $7M | |
| Other Non-cash | $-528M | $350M | $220M | $1.18B | · | $-733M | $287M | $-497M | $-395M | $-208M | $207M | $417M | |
| Operating Cash Flow | $628M | $1.27B | $1.30B | $2.29B | $725M | $172M | $830M | $234M | $-29M | $180M | $367M | $705M | |
| CapEx | $33M | $44M | $37M | $28M | $37M | $379M | $49M | $38M | $288M | $63M | $44M | $39M | |
| Investing Cash Flow | $-1.09B | $-1.06B | $-2.60B | $8.33B | $-4.60B | $-4.97B | $-2.39B | $480M | $-1.32B | $-2.47B | $-518M | $-1.49B | |
| Debt Issued | $513M | $16M | $0 | · | · | $1.25B | $0 | $0 | $121M | $100.0K | $496M | $396M | |
| Net Debt Issued | $147M | · | · | · | · | $-321M | $-406M | $-69M | $-26M | $-267M | $-530M | $374M | |
| Stock Repurchased | $918M | $626M | $10M | $12M | $416M | $4M | $134M | $105M | $6M | $97M | $33M | $44M | |
| Net Stock Activity | $-918M | $-626M | $-10M | $-12M | · | $-4M | $-135M | $-105M | $-6M | $-97M | $-33M | $-44M | |
| Dividends Paid | $314M | $332M | $335M | $324M | $333M | $222M | $171M | $139M | $80M | $64M | $54M | $47M | |
| Financing Cash Flow | $524M | $-404M | $1.49B | $-10.87B | $4.02B | $5.18B | $1.42B | $-761M | $1.77B | $2.29B | $111M | $1.02B | |
| Net Change in Cash | $58M | $-194M | $188M | $-245M | $140M | $381M | $-138M | $-47M | $414M | $7M | $-40M | $243M | |
| Taxes Paid | $60M | $99M | $104M | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $595M | $1.22B | $1.26B | $2.29B | · | $-207M | $781M | $196M | $-305M | $119M | $324M | $666M | |
| Levered FCF | · | · | $-2M | $2.06B | · | $-424M | $461M | $-58M | $-390M | $57M | $249M | $605M |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 28.7% | 24.3% | 25.9% | 28.1% | · | 26.8% | 24.3% | 28.1% | 12.4% | 17.9% | 7.4% | 19.1% | |
| Pretax Margin | 37.4% | 31.5% | 32.5% | 36.1% | · | 29.6% | 32.2% | 36.9% | 23.2% | 27.2% | 9.3% | 26.9% | |
| EBITDA Margin | 1.9% | 3.2% | 2.9% | 2.0% | · | 1.5% | 3.6% | 3.0% | 5.3% | 5.1% | 5.2% | 4.9% | |
| ROA | 1.2% | 0.95% | 1.1% | 1.1% | · | 1.3% | 1.1% | 1.3% | 0.47% | 0.83% | 0.33% | 0.88% | |
| ROE | 11.1% | 8.7% | 10.4% | 10.9% | · | 13.2% | 9.5% | 12.4% | 4.9% | 9.6% | 3.7% | 9.5% |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.4 | 0.4 | 0.3 | 0.3 | · | 0.3 | · | · | · | · | · | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.2% | -8.0% | 8.1% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 2.2% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 37.5% | -11.7% | 0.65% | -12.1% | -7.9% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 6.9% | -7.9% | -6.6% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -0.21% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 26.7% | -13.6% | -0.33% | -9.9% | 18.2% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 2.9% | -8.1% | 2.0% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 3.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 7.2% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.42B | $3.19B | $3.47B | $3.21B | $1.99B | $1.99B | $1.82B | $1.94B | $1.33B | $1.27B | $1.16B | $1.15B | |
| Net Income TTM | $982M | $775M | $897M | $900M | $999M | $845M | $441M | $545M | $166M | $227M | $86M | $223M | |
| Market Cap | $11.59B | $10.56B | $7.91B | $13.16B | · | $7.08B | $5.16B | $4.19B | $6.53B | $4.67B | $3.46B | $3.18B | |
| P/E | 12.8 | 14.8 | 9.2 | 16.0 | 9.4 | 6.8 | 12.0 | 8.0 | 30.8 | 21.3 | 42.7 | 14.9 | |
| P/S | 3.4 | 3.3 | 2.3 | 4.1 | · | 3.6 | 2.8 | 2.2 | 4.9 | 3.7 | 3.0 | 2.8 | |
| P/B | 1.3 | 1.2 | 0.9 | 1.6 | · | 0.9 | 1.1 | 0.9 | 1.5 | 1.9 | 1.5 | 1.4 | |
| P / Tangible Book | 1.6 | 1.5 | 1.1 | 2.0 | 1.4 | 1.2 | · | · | · | · | · | · | |
| P / Cash Flow | 18.5 | 8.3 | 6.1 | 5.7 | · | 41.2 | 6.2 | 17.9 | -376.3 | 25.8 | 9.4 | 4.5 | |
| P / FCF | 19.5 | 8.6 | 6.3 | 5.8 | · | -34.2 | 6.6 | 21.4 | -21.4 | 39.4 | 10.7 | 4.8 | |
| Dividend Yield | 2.7% | 3.1% | 4.2% | 2.5% | · | 3.1% | 3.3% | 3.3% | 1.2% | 1.4% | 1.6% | 1.5% | |
| Earnings Yield | 7.8% | 6.8% | 10.9% | 6.2% | 10.7% | 14.8% | 8.3% | 12.5% | 3.2% | 4.7% | 2.3% | 6.7% | |
| Payout Ratio | 32.0% | 42.8% | 37.4% | 36.0% | · | 26.3% | 38.8% | 25.4% | 48.3% | 28.0% | 62.8% | 21.6% | |
| Annual Payout | $314M | $332M | $335M | $324M | $333M | $222M | $171M | $139M | $80M | $64M | $54M | $47M |
Income Statement 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $887M | $862M | $888M | $889M | $830M | $812M | $729M | $827M | $815M | $819M | · | · | $9M | · | · | · | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $448M | · | $475M | $385M | $232M | · | $71M | |
| Interest Income | $1.03B | $1.00B | $1.05B | $1.08B | $1.04B | $1.01B | $1.07B | $1.12B | $1.09B | $1.07B | $1.08B | $1.08B | $1.01B | $920M | $857M | $733M | |
| Pretax Income | $340M | $342M | $342M | $344M | $309M | $285M | $210M | $281M | $260M | $254M | $178M | $194M | $425M | $331M | $333M | $346M | |
| Income Tax | $66M | $76M | $77M | $78M | $64M | $63M | $40M | $58M | $56M | $57M | $-12M | $52M | $96M | $76M | $64M | $78M | |
| Net Income | $270M | $262M | $261M | $262M | $241M | $218M | $166M | $218M | $199M | $192M | $184M | $137M | $325M | $251M | $266M | $265M | |
| EPS (Basic) | $0.55 | $0.54 | $0.52 | $0.50 | $0.46 | $0.41 | $0.30 | $0.40 | $0.34 | $0.33 | $0.31 | $0.23 | $0.59 | $0.45 | $0.48 | $0.48 | |
| EPS (Diluted) | $0.54 | $0.53 | $0.51 | $0.50 | $0.45 | $0.41 | $0.29 | $0.40 | $0.34 | $0.33 | $0.32 | $0.23 | $0.56 | $0.43 | $0.45 | $0.45 | |
| Shares (Basic) | 474,841,000 | 480,307,000 | -1,024,974,000 | 504,863,000 | 508,125,000 | 517,116,000 | -1,092,863,000 | 534,222,000 | 543,981,000 | 554,977,000 | -1,086,207,000 | 558,559,000 | 539,120,000 | 536,938,000 | -1,068,775,000 | 535,986,000 | |
| Shares (Diluted) | 480,103,000 | 486,868,000 | -1,036,273,000 | 510,351,000 | 513,606,000 | 523,423,000 | -1,098,652,000 | 537,971,000 | 547,093,000 | 557,873,000 | -1,132,558,000 | 561,421,000 | 560,878,000 | 571,991,000 | -1,123,393,000 | 570,153,000 | |
| EBITDA | $20M | $22M | · | $6M | $20M | $21M | · | · | · | · | · | · | · | · | · | · |
Balance Sheet 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PP&E (Net) | $545M | $539M | $544M | $553M | $561M | $569M | $574M | $572M | $584M | $586M | · | $590M | $595M | $603M | · | $622M | |
| PP&E (Gross) | · | · | $1.15B | · | · | · | $1.13B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $601M | · | · | · | $552M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | $1.51B | |
| Intangibles | $89M | $97M | $105M | $114M | $123M | $133M | $143M | $154M | $165M | $175M | · | $198M | $210M | $222M | · | $246M | |
| Total Assets | $84.44B | $84.13B | $83.88B | $83.19B | $82.08B | $81.49B | $82.15B | $82.64B | $82.23B | $81.80B | · | $82.53B | $85.07B | $80.73B | · | $80.30B | |
| Short-term Debt | $3.00B | $4.17B | $3.25B | $4.27B | $3.46B | $3.79B | $3.40B | $2.58B | $4.51B | $2.70B | · | $2.51B | $6.95B | $6.48B | · | $1.42B | |
| Total Liabilities | $74.97B | $74.67B | $74.73B | $73.95B | $72.83B | $72.45B | $73.04B | $73.32B | $73.28B | $72.63B | · | $73.74B | $76.11B | $71.83B | · | $72.02B | |
| Total Debt | $3.00B | $4.17B | · | $4.27B | $3.46B | $3.79B | · | $2.58B | $4.51B | $2.70B | · | $2.51B | $6.95B | $6.48B | · | $1.42B | |
| Common Stock | $296M | $297M | $303M | $313M | $318M | $317M | $328M | $333M | $336M | $343M | · | $349M | $349M | $336M | · | $335M | |
| Retained Earnings | $5.38B | $5.21B | $5.03B | $4.85B | $4.67B | $4.52B | $4.38B | $4.30B | $4.17B | $4.07B | · | $3.87B | $3.83B | $3.60B | · | $3.25B | |
| AOCI | $-846M | $-832M | $-810M | $-849M | $-912M | $-983M | $-1.13B | $-989M | $-1.28B | $-1.27B | · | $-1.58B | $-1.36B | $-1.21B | · | $-1.43B | |
| Stockholders' Equity | $9.17B | $9.17B | $8.85B | $8.95B | $8.96B | $8.75B | $8.82B | $9.02B | $8.66B | $8.88B | · | $8.50B | $8.66B | $8.60B | · | $7.99B | |
| Liabilities + Equity | $84.44B | $84.13B | $83.88B | $83.19B | $82.08B | $81.49B | $82.15B | $82.64B | $82.23B | $81.80B | · | $82.53B | $85.07B | $80.73B | · | $80.30B | |
| Shares Outstanding | 473,919,939 | 475,722,232 | 484,825,395 | 500,367,901 | 508,835,780 | 507,315,184 | 524,280,412 | 532,181,000 | 536,876,000 | 548,637,000 | 558,838,694 | 558,709,000 | · | · | 537,101,000 | · |
Cash Flow 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $20M | $22M | $17M | $6M | $20M | $21M | $24M | $31M | $20M | $26M | · | · | · | · | $88M | $12M | |
| Stock-based Comp | $14M | $13M | $13M | $15M | $15M | $18M | $15M | $13M | $13M | $18M | $15M | $13M | $-14M | $22M | $22M | $21M | |
| Deferred Tax | $44M | $25M | $-7M | $36M | $18M | $2M | $4M | $5M | $31M | $-57M | $21M | $22M | $-5M | $6M | $-76M | $10M | |
| Amort. of Intangibles | $8M | $8M | $9M | $9M | $10M | $10M | $11M | $11M | $11M | $11M | $11M | $12M | $12M | $12M | $12M | $13M | |
| Other Non-cash | · | $-44M | · | · | · | $90M | · | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $585M | $278M | $396M | $-200M | $83M | $349M | $191M | $389M | $-150M | $838M | $365M | $698M | $305M | $-69M | $5M | $768M | |
| CapEx | $19M | $8M | $7M | $8M | $9M | $9M | $17M | $6M | $11M | $10M | $14M | · | · | · | · | · | |
| Investing Cash Flow | $-753M | $-224M | $-995M | $-16M | $-776M | $693M | $-256M | $482M | $-408M | $-876M | $1.23B | $2.27B | $-4.08B | $-2.02B | $1.18B | $4.43B | |
| Stock Repurchased | $121M | $235M | $335M | $190M | $28M | $365M | $164M | $75M | $228M | $159M | $0 | $0 | $6M | $4M | $0 | $2M | |
| Net Stock Activity | · | $-235M | · | · | · | $-365M | · | · | · | $-159M | · | · | · | $-4M | · | · | |
| Dividends Paid | $87M | $73M | $76M | $76M | $82M | $80M | $80M | $81M | $86M | $85M | $84M | $84M | $84M | $83M | $81M | $81M | |
| Financing Cash Flow | $153M | $-6M | $508M | $387M | $565M | $-936M | $-434M | $-291M | $448M | $-127M | $-1.30B | $-2.95B | $3.90B | $1.84B | $-1.52B | $-5.17B | |
| Net Change in Cash | $-15M | $48M | $-91M | $171M | $-128M | $106M | $-499M | $580M | $-110M | $-165M | $293M | $19M | $123M | $-247M | $-340M | $38M | |
| Free Cash Flow | · | $270M | · | · | · | $340M | · | · | · | · | · | · | · | · | · | · |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 30.4% | 30.4% | · | 29.5% | 29.0% | 26.9% | · | 26.4% | 2211.1% | 23.4% | · | 17.6% | 31.6% | 29.2% | · | 30.3% | |
| Pretax Margin | 38.3% | 39.7% | · | 38.7% | 37.2% | 35.1% | · | 34.0% | 2888.9% | 31.0% | · | 24.9% | 41.3% | 38.5% | · | 39.5% | |
| EBITDA Margin | 2.2% | 2.5% | · | 0.67% | 2.4% | 2.6% | · | · | · | · | · | · | · | · | · | · | |
| ROA | 0.32% | 0.32% | · | 0.32% | 0.29% | 0.27% | · | 0.26% | 0.24% | 0.24% | · | 0.17% | 0.38% | 0.30% | · | 0.31% | |
| ROE | 3.0% | 2.9% | · | 2.9% | 2.7% | 2.5% | · | 2.5% | 2.3% | 2.2% | · | 1.7% | 3.8% | 2.9% | · | 3.3% |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.3 | 0.5 | · | 0.5 | 0.4 | 0.4 | · | 0.3 | 0.5 | 0.3 | · | 0.3 | 0.8 | 0.8 | · | 0.2 |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.47B | $3.39B | · | $3.36B | $3.28B | $3.27B | · | · | · | · | · | · | · | $1.99B | · | $1.99B | |
| Net Income TTM | $1.03B | $983M | · | $939M | $876M | $827M | · | $746M | $853M | $905M | · | $978M | $1.01B | $885M | · | $866M | |
| Market Cap | $12.15B | $10.83B | · | $11.31B | $10.79B | $9.85B | · | $8.26B | $8.47B | $8.45B | · | $6.16B | · | · | · | · | |
| P/E | 12.7 | 12.0 | · | 12.8 | 13.2 | 13.1 | · | 11.9 | 10.8 | 9.9 | · | 6.6 | 6.5 | 11.8 | · | 15.4 | |
| P/S | 3.5 | 3.2 | · | 3.4 | 3.3 | 3.0 | · | · | · | · | · | · | · | · | · | · | |
| P/B | 1.3 | 1.2 | · | 1.3 | 1.2 | 1.1 | · | 0.9 | 1.0 | 1.0 | · | 0.7 | · | · | · | · | |
| P / Tangible Book | 1.6 | 1.4 | · | 1.5 | 1.5 | 1.4 | · | 1.1 | 1.2 | 1.2 | · | 0.9 | · | · | · | · | |
| P / Cash Flow | · | 38.9 | · | · | · | 28.2 | · | · | · | 10.1 | · | · | · | · | · | · | |
| P / FCF | · | 40.1 | · | · | · | 29.0 | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 7.9% | 8.3% | · | 7.8% | 7.5% | 7.6% | · | 8.4% | 9.3% | 10.1% | · | 15.2% | 15.3% | 8.5% | · | 6.5% | |
| Payout Ratio | · | 27.9% | · | · | · | 36.7% | · | · | · | 44.3% | · | · | · | 33.1% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $3.42B | $3.19B | $3.47B | $3.21B | — |
| Net Income | $982M | $775M | $897M | $900M | $999M |
| Diluted EPS | $1.87 | $1.36 | $1.54 | $1.53 | $1.74 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.4 | 0.4 | 0.3 | 0.3 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $595M | $1.22B | $1.26B | $2.29B | — |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 728 filers · $6.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 90 (-9 vs prior Q) | 48 (-5 vs prior Q) | 231 (+6 vs prior Q) | 231 (+14 vs prior Q) | +28.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $574,885,978 | 22,421,450 | 8.87% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $548,493,213 | 21,392,091 | 8.47% | Shares |
| STATE STREET CORP | $474,644,618 | 18,390,057 | 7.33% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $389,131,239 | 15,176,726 | 6.01% | Shares |
| North Reef Capital Management LP | $235,920,204 | 9,201,256 | 3.64% | Shares |
| CITADEL ADVISORS LLC | $201,035,727 | 7,840,707 | 3.10% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $184,043,178 | 7,175,713 | 2.84% | Shares |
| Artemis Investment Management LLP | $184,013,716 | 7,176,822 | 2.84% | Shares |
| MILLENNIUM MANAGEMENT LLC | $158,244,157 | 6,171,769 | 2.44% | Shares |
| NORGES BANK | $156,396,462 | 6,099,706 | 2.41% | Shares |
| FMR LLC | $151,597,650 | 5,912,545 | 2.34% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $124,707,912 | 5,479,258 | 1.92% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $123,282,838 | 4,808,223 | 1.90% | Shares |
| Clearbridge Investments, LLC | $119,469,850 | 4,659,511 | 1.84% | Shares |
| Qube Research & Technologies Ltd | $94,933,587 | 3,702,558 | 1.47% | Shares |
| Sculptor Capital LP | $84,612,000 | 3,300,000 | 1.31% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $76,859,105 | 2,997,625 | 1.19% | Shares |
| FIL Ltd | $67,428,328 | 2,629,810 | 1.04% | Shares |
| Point72 Asset Management, L.P. | $64,140,947 | 2,501,597 | 0.99% | Shares |
| UBS Group AG | $61,053,723 | 2,381,190 | 0.94% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $58,754,753 | 2,291,527 | 0.91% | Shares |
| Holocene Advisors, LP | $57,422,524 | 2,239,568 | 0.89% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $57,102,844 | 2,227,100 | 0.88% | Shares |
| JOHNSON INVESTMENT COUNSEL INC | $51,432,014 | 2,005,929 | 0.79% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $49,333,924 | 1,924,100 | 0.76% | Shares |
| Cullen Capital Management, LLC | $46,972,384 | 1,831,996 | 0.72% | Shares |
| BANK OF AMERICA CORP /DE/ | $42,548,836 | 1,659,471 | 0.66% | Shares |
| ROYAL BANK OF CANADA | $41,952,000 | 1,636,187 | 0.65% | Shares |
| Bridgewater Associates, LP | $41,881,376 | 1,633,439 | 0.65% | Shares |
| MILLENNIUM MANAGEMENT LLC | $38,767,680 | 1,512,000 | 0.60% | Call option |
| Alyeska Investment Group, L.P. | $38,044,735 | 1,483,804 | 0.59% | Shares |
| Freestone Grove Partners LP | $35,527,271 | 1,385,619 | 0.55% | Shares |
| BlackRock, Inc. | $34,875,707 | 1,360,207 | 0.54% | Shares |
| Fisher Asset Management, LLC | $33,921,854 | 1,323,005 | 0.52% | Shares |
| TUDOR INVESTMENT CORP ET AL | $33,266,387 | 1,297,441 | 0.51% | Shares |
| RHUMBLINE ADVISERS | $32,786,685 | 1,278,734 | 0.51% | Shares |
| Schonfeld Strategic Advisors LLC | $32,235,528 | 1,257,236 | 0.50% | Shares |
| BANK OF NOVA SCOTIA | $32,176,187 | 1,254,918 | 0.50% | Shares |
| Kodai Capital Management LP | $31,637,957 | 1,629,143 | 0.49% | Shares |
| Retirement Systems of Alabama | $31,494,715 | 1,228,343 | 0.49% | Shares |
| Verition Fund Management LLC | $30,501,113 | 1,189,591 | 0.47% | Shares |
| PEAK6 LLC | $29,744,964 | 1,160,100 | 0.46% | Put option |
| Interval Partners, LP | $28,336,533 | 1,105,169 | 0.44% | Shares |
| Balyasny Asset Management L.P. | $27,492,618 | 1,072,255 | 0.42% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $26,533,169 | 1,034,835 | 0.41% | Shares |
| California Public Employees Retirement System | $26,176,414 | 1,020,921 | 0.40% | Shares |
| ALGERT GLOBAL LLC | $26,026,344 | 1,015,068 | 0.40% | Shares |
| BANK OF MONTREAL /CAN/ | $25,021,717 | 975,886 | 0.39% | Shares |
| Swiss National Bank | $24,573,376 | 958,400 | 0.38% | Shares |
| TWO SIGMA INVESTMENTS, LP | $22,568,482 | 880,206 | 0.35% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $22,322,466 | 870,611 | 0.34% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $22,222,188 | 866,700 | 0.34% | Call option |
| ENVESTNET ASSET MANAGEMENT INC | $21,500,737 | 838,562 | 0.33% | Shares |
| FIRST TRUST ADVISORS LP | $21,209,856 | 827,217 | 0.33% | Shares |
| BARCLAYS PLC | $20,909,728 | 815,512 | 0.32% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $20,075,402 | 782,972 | 0.31% | Shares |
| GOLDMAN SACHS GROUP INC | $19,645,907 | 766,221 | 0.30% | Shares |
| Arbejdsmarkedets Tillaegspension | $19,399,224 | 756,600 | 0.30% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $17,334,050 | 676,055 | 0.27% | Shares |
| Parallax Volatility Advisers, L.P. | $17,178,800 | 670,000 | 0.27% | Put option |
| Mesirow Institutional Investment Management, Inc. | $16,813,819 | 834,847 | 0.26% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $16,131,995 | 629,173 | 0.25% | Shares |
| ALLIANCEBERNSTEIN L.P. | $15,732,304 | 691,226 | 0.24% | Shares |
| Caisse de depot et placement du Quebec | $14,911,045 | 581,554 | 0.23% | Shares |
| Huber Capital Management LLC | $14,724,233 | 574,268 | 0.23% | Shares |
| Leeward Investments, LLC - MA | $14,681,286 | 572,593 | 0.23% | Shares |
| Hudson Bay Capital Management LP | $14,155,870 | 552,101 | 0.22% | Shares |
| SummitTX Capital, L.P. | $13,928,366 | 543,228 | 0.21% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $13,692,170 | 534,016 | 0.21% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $13,624,477 | 598,615 | 0.21% | Shares |
| Brandywine Global Investment Management, LLC | $13,446,236 | 562,604 | 0.21% | Shares |
| Carlson Capital, L.P. | $13,247,624 | 516,678 | 0.20% | Shares |
| Cubist Systematic Strategies, LLC | $12,727,045 | 562,895 | 0.20% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $12,471,527 | 486,409 | 0.19% | Shares |
| PRIVATE MANAGEMENT GROUP INC | $12,089,029 | 471,491 | 0.19% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $11,754,709 | 458,452 | 0.18% | Shares |
| Bank of New York Mellon Corp | $11,302,650 | 440,821 | 0.17% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $11,261,185 | 439,204 | 0.17% | Shares |
| AMERIPRISE FINANCIAL INC | $10,998,328 | 428,392 | 0.17% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $10,919,820 | 425,890 | 0.17% | Shares |
| Quantinno Capital Management LP | $10,493,631 | 409,267 | 0.16% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $10,405,030 | 406,764 | 0.16% | Shares |
| Boston Partners | $10,154,002 | 396,021 | 0.16% | Shares |
| MERITAGE PORTFOLIO MANAGEMENT | $10,113,118 | 423,143 | 0.16% | Shares |
| Diamond Hill Capital Management, LLC (Investment Advisor) | $10,060,572 | 392,378 | 0.16% | Shares |
| OSSIAM | $9,891,912 | 385,800 | 0.15% | Shares |
| PRUDENTIAL FINANCIAL INC | $9,739,175 | 379,843 | 0.15% | Shares |
| Engineers Gate Manager LP | $9,718,432 | 379,034 | 0.15% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $9,659,588 | 376,739 | 0.15% | Shares |
| Walleye Trading LLC | $9,627,820 | 375,500 | 0.15% | Call option |
| HIGHLAND CAPITAL MANAGEMENT, LLC | $9,474,329 | 369,514 | 0.15% | Shares |
| JANE STREET GROUP, LLC | $9,353,472 | 364,800 | 0.14% | Call option |
| AMERICAN CENTURY COMPANIES INC | $8,542,890 | 333,185 | 0.13% | Shares |
| ExodusPoint Capital Management, LP | $8,526,736 | 332,556 | 0.13% | Shares |
| FRANKLIN RESOURCES INC | $8,331,590 | 324,945 | 0.13% | Shares |
| RAYMOND JAMES FINANCIAL INC | $8,277,152 | 322,822 | 0.13% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $8,224,927 | 320,785 | 0.13% | Shares |
| Walleye Capital LLC | $8,193,031 | 319,541 | 0.13% | Shares |
| CWA Asset Management Group, LLC | $7,847,125 | 306,050 | 0.12% | Shares |
| Trexquant Investment LP | $7,545,160 | 294,273 | 0.12% | Shares |
Company insiders 76 insiders · 38 officers · 40 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Bryan D Jordan | Chairman, President & CEO | May 12, 2026 F | 999,502 | 0 | 12 | $-2,054,189 |
| Hope Dmuchowski | Sr. EVP & CFO | May 12, 2026 F | 180,351 | 0 | 0 | $0 |
| William C Losch III | Sr. EVP and CFO | July 29, 2021 M | 383,208 | 0 | 0 | $0 |
| Marlin L Mosby III | EVP & CFO | April 20, 2007 A | 2,839 | 0 | 0 | $0 |
| Michael J Brown | President - Regional Banking | July 1, 2021 F | 643,789 | 0 | 0 | $0 |
| Michael E Kisber | President-FHN Financial | April 27, 2020 A | 466,422 | 0 | 0 | $0 |
| Charles G Burkett | President - Banking | June 24, 2011 A | 284,311 | 0 | 0 | $0 |
| Frank Gusmus | President-FTN Financial | Dec. 31, 2010 A | 242,336 | 0 | 0 | $0 |
| Peter F Makowiecki | President, Mortgage Banking | Aug. 31, 2008 D | 6,234 | 0 | 0 | $0 |
| Mark A Medford | President, FTN Financial | Aug. 5, 2008 D | 393 | 0 | 0 | $0 |
| Jimmie L Hughes | President-FTN Financial | April 21, 2006 A | 134,827 | 0 | 0 | $0 |
| Tammy Locascio | SEVP, Chief Operating Officer | May 12, 2026 F | 391,859 | 0 | 0 | $0 |
| Larry B Martin | COO-First Tenn Financial Svcs | June 30, 2006 F | 57,237 | 0 | 0 | $0 |
| Ashley W Argo | Sr EVP, Chief Risk Officer | May 12, 2026 F | 41,593 | 0 | 0 | $0 |
| Tanya L Hart | SEVP & Chief Human Rsrce Ofcr | May 12, 2026 F | 59,810 | 0 | 0 | $0 |
| Thomas Hung | Sr EVP & Chief Credit Officer | May 12, 2026 F | 65,644 | 0 | 0 | $0 |
| Jeff L. Fleming | EVP & Chief Accounting Officer | May 12, 2026 F | 131,661 | 0 | 1 | $-165,637 |
| Elizabeth A Ardoin | SEVP, Chief Communications Ofc | May 12, 2026 F | 336,110 | 0 | 0 | $0 |
| Anthony J Restel | SEVP, Chief Banking Officer | May 12, 2026 F | 658,235 | 0 | 2 | $-139,217 |
| Thomas Lang Wiseman | Sr EVP, General Counsel | Feb. 11, 2026 A | 20,303 | 0 | 0 | $0 |
| David T Popwell | SEVP Sr Strategic Executive | Nov. 4, 2025 S | 307,432 | 0 | 2 | $-5,556,225 |
| Susan L Springfield | Sr EVP & Chief Credit Officer | May 13, 2024 F | 340,175 | 0 | 0 | $0 |
| Terry Lawson Akins | Sr. EVP, Chief Risk Officer | May 13, 2024 F | 184,985 | 0 | 0 | $0 |
| Daryl G Byrd | Executive Chairman of Board | June 9, 2022 M | 1,732,685 | 0 | 0 | $0 |
| Yousef A. Valine | EVP, Chief Op. & Risk Officer | May 12, 2020 F | 196,679 | 0 | 0 | $0 |
| Charles T Tuggle Jr | EVP and General Counsel | May 12, 2020 F | 268,352 | 0 | 0 | $0 |
| John M Daniel | EVP & Chief HR Officer | May 12, 2020 F | 240,809 | 0 | 0 | $0 |
| Christine B Munson | EVP-Corporate Banking | Dec. 27, 2012 A | 118,883 | 0 | 0 | $0 |
| Gregory D Jardine | EVP & Chief Credit Officer | Dec. 27, 2012 A | 54,132 | 0 | 0 | $0 |
| James F Keen | EVP & Chief Accounting Officer | Dec. 30, 2011 F | 129,169 | 0 | 0 | $0 |
| Greg J Olivier | EVP and Chief Credit Officer | May 7, 2010 A | 144,950 | 0 | 0 | $0 |
| Herbert H Hilliard | EVP, Risk Management | July 6, 2009 S | 65,747 | 0 | 0 | $0 |
| Marion L Mcdougall | EVP Enterprise Ops and Tech | Aug. 31, 2008 D | 224 | 0 | 0 | $0 |
| Sarah L Meyerrose | Pres., Emerging Nat'l Business | July 28, 2008 I | 29,937 | 0 | 0 | $0 |
| John P Oconnor JR | EVP & Chief Credit Officer | April 20, 2007 A | 176,823 | 0 | 0 | $0 |
| Harry A Johnson III | EVP & General Counsel | April 20, 2007 A | 47,991 | 0 | 0 | $0 |
| Elbert L Thomas JR | EVP & Interest Rate Risk Mgr | April 21, 2006 A | 63,148 | 0 | 0 | $0 |
| John H Hamilton | EVP, Product Mgmt/Delivery Sys | March 4, 2005 F | 38,840 | 0 | 0 | $0 |
| Velia Carboni | Director | May 5, 2026 A | 46,626 | 0 | 0 | $0 |
| Sital K Mody | Director | May 5, 2026 A | 9,273 | 0 | 0 | $0 |
| Sr James Michael Kemp | Director | May 5, 2026 A | 70,682 | 0 | 0 | $0 |
| Ricky E Maples | Director | May 5, 2026 A | 130,835 | 0 | 0 | $0 |
| Jeffrey Jonathan Brown | Director | May 5, 2026 A | 32,427 | 0 | 0 | $0 |
| Cecelia D. Stewart | Director | May 5, 2026 A | 88,772 | 0 | 0 | $0 |
| Wendy P Davidson | Director | May 5, 2026 A | 102,729 | 0 | 0 | $0 |
| John C Compton | Director | May 5, 2026 A | 178,856 | 0 | 0 | $0 |
| John W Dietrich | Director | May 5, 2026 A | 25,305 | 0 | 0 | $0 |
| Michael L Moehn | Director | May 5, 2026 A | 10,714 | 0 | 0 | $0 |
| Vicki R Palmer | Director | May 5, 2026 A | 118,771 | 0 | 0 | $0 |
| Eugene R Taylor | Director | May 6, 2025 A | 622,609 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 108 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IAT · iShares Trust | 1.90% | 505,762 SH | Aug. 8, 2026 | Daily |
| KBWB · Invesco Exchange-Traded Fund Trust … | 1.31% | 3,547,404 SH | Aug. 8, 2026 | Daily |
| XMVM · Invesco Exchange-Traded Fund Trust | 1.09% | 217,726 SH | Aug. 8, 2026 | Daily |
| DPST · Direxion Shares ETF Trust | 1.03% | 204,059 NS | April 30, 2026 | N-PORT |
| BKDV · BNY Mellon ETF Trust II | 1.02% | 562,840 NS | April 30, 2026 | N-PORT |
| DVY · iShares Trust | 0.98% | 8,988,759 SH | Aug. 8, 2026 | Daily |
| FXO · First Trust Exchange-Traded AlphaDE… | 0.98% | 420,125 NS | April 30, 2026 | N-PORT |
| VAMO · Cambria ETF Trust | 0.93% | 30,998 NS | April 30, 2026 | N-PORT |
| PGF · Invesco Exchange-Traded Fund Trust | 0.76% | 208,021 | Aug. 8, 2026 | Daily |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.70% | 407,524 SH | Aug. 8, 2026 | Daily |
| IJJ · iShares Trust | 0.69% | 2,417,650 SH | Aug. 8, 2026 | Daily |
| PGX · Invesco Exchange-Traded Fund Trust … | 0.62% | 1,015,780 | Aug. 8, 2026 | Daily |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.57% | 38,407 NS | May 31, 2026 | N-PORT |
| CZA · Invesco Exchange-Traded Fund Trust | 0.57% | 43,194 SH | Aug. 8, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.55% | 3,039,885 NS | April 30, 2026 | N-PORT |
| BRNY · EA Series Trust | 0.55% | 122,714 NS | April 30, 2026 | N-PORT |
| MIDE · DBX ETF Trust | 0.47% | 654 NS | May 29, 2026 | N-PORT |
| PKW · Invesco Exchange-Traded Fund Trust | 0.40% | 275,011 SH | Aug. 8, 2026 | Daily |
| XJH · iShares Trust | 0.38% | 64,215 SH | Aug. 8, 2026 | Daily |
| SMIZ · Zacks Trust | 0.38% | 40,583 NS | May 31, 2026 | N-PORT |
| ISCV · iShares Trust | 0.38% | 104,557 SH | Aug. 8, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.36% | 63,268 SH | Aug. 8, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.35% | 55,287 NS | April 30, 2026 | N-PORT |
| IJH · iShares Trust | 0.33% | 16,376,009 SH | Aug. 8, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.33% | 766,981 SH | Aug. 8, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.32% | 79,743 NS | April 30, 2026 | N-PORT |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.31% | 26,669 NS | April 30, 2026 | N-PORT |
| PFF · iShares Trust | 0.30% | 1,738,349 SH | Aug. 8, 2026 | Daily |
| SMDX · Tidal Trust III | 0.28% | 14,267 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.26% | 6,909,140 SH | Aug. 8, 2026 | Daily |
| MVV · ProShares Trust | 0.25% | 16,762 NS | May 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.24% | 231,020 NS | April 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.24% | 195,556 NS | April 30, 2026 | N-PORT |
| VFMF · VANGUARD WELLINGTON FUND | 0.24% | 64,558 SH | Aug. 8, 2026 | Daily |
| MIDU · Direxion Shares ETF Trust | 0.24% | 8,032 NS | April 30, 2026 | N-PORT |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.23% | 67,655 NS | April 30, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.22% | 119,639 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.22% | 1,313,027 NS | May 31, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.20% | 107,614 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.20% | 1,133,150 NS | April 30, 2026 | N-PORT |
| ISCB · iShares Trust | 0.19% | 21,905 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.19% | 215,238 SH | Aug. 8, 2026 | Daily |
| IYF · iShares Trust | 0.18% | 314,244 SH | Aug. 8, 2026 | Daily |
| ESSC · Strategy Shares | 0.18% | 1,855 NS | April 30, 2026 | N-PORT |
| UMDD · ProShares Trust | 0.18% | 2,340 NS | May 31, 2026 | N-PORT |
| SMMD · iShares Trust | 0.17% | 243,711 SH | Aug. 8, 2026 | Daily |
| IYG · iShares Trust | 0.17% | 142,979 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.15% | 10,885,270 SH | Aug. 8, 2026 | Daily |
| FNCL · FIDELITY COVINGTON TRUST | 0.15% | 130,087 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.14% | 5,449,343 SH | Aug. 8, 2026 | Daily |