First Horizon (FHN) Tax Rate (2009 - 2026)

First Horizon's (FHN) quarterly Tax Rate came in at 22.22% in Q1 2026, up 12.0% year-on-year from 19.84% in Q1 2025, and down 1.01% quarter-over-quarter from 22.45% in Q4 2025.

First Horizon (FHN) Tax Rate (2009 - 2026) Analysis & Trends

First Horizon has disclosed Tax Rate across 18 years of filings, most recently posting 22.22% for Q1 2026.

  • Tax Rate for Q1 2026 came in at 22.22%, up 12.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.05% (up 110.0% YoY), and the FY2025 annual result was 22.03%, up 104.0% from the prior year.
  • Tax Rate came in at 22.22% for Q1 2026 at First Horizon, down from 22.45% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 26.8% in Q3 2023 to a low of 6.18% in Q4 2023.
  • The 5-year median for Tax Rate is 22.22% (2026), against an average of 20.32%.
  • Across the five-year window, Tax Rate sank 2534 bps in 2023 and soared 2523 bps in 2024, its largest moves.
  • First Horizon's Tax Rate stood at 19.16% in 2022, then slumped by 132 bps to 6.18% in 2023, then soared by 408 bps to 19.05% in 2024, then climbed by 18 bps to 22.45% in 2025, then declined by 1 bps to 22.22% in 2026.
  • The last three Tax Rate figures came in at 22.22% (Q1 2026), 22.45% (Q4 2025), and 22.67% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Bank Of Chile 97,765.53 Bn 97,765.53 Bn - -22.54%
2 Bank Bradesco 6,846.93 Bn 6,830.99 Bn - -
3 Lloyds Banking 384.13 Bn 384.40 Bn - -23.21%
4 First Capital 215.78 Bn 215.63 Bn - 19.21%
5 Itau Unibanco Holding 202.78 Bn 202.78 Bn - -
6 Landmark Bancorp 180.37 Bn 180.34 Bn - 19.83%
7 NatWest 168.65 Bn -51.67 Bn - -25.87%
8 Shinhan Financial 136.54 Bn 104.11 Bn - 25.76%
9 Mizuho Financial 112.02 Bn 112.56 Bn - -
10 First Horizon 12.08 Bn 5.16 Bn - 22.22%

Historic Data

Download Data
DateValue
Mar 31, 2026 22.22%
Mar 31, 2026 22.22%
Dec 31, 2025 22.45%
Dec 31, 2025 22.45%
Sep 30, 2025 22.67%
Sep 30, 2025 22.67%
Jun 30, 2025 20.71%
Jun 30, 2025 20.71%
Mar 31, 2025 22.11%
Mar 31, 2025 22.11%
Dec 31, 2024 19.05%
Dec 31, 2024 19.05%
Sep 30, 2024 20.64%
Sep 30, 2024 20.64%
Jun 30, 2024 21.54%
Jun 30, 2024 21.54%
Mar 31, 2024 22.44%
Mar 31, 2024 22.44%
Dec 31, 2023 -6.18%
Dec 31, 2023 -6.18%