First Horizon (FHN) Tax Rate (2009 - 2026)
First Horizon recorded quarterly Tax Rate of 22.22% in Q1 2026, down 1.01% quarter-over-quarter from 22.45% in Q4 2025, and up 12.0% year-over-year from 19.84% in Q1 2025.
First Horizon's Tax Rate history runs 18 years deep, the most recent figure standing at 22.22% for Q1 2026.
- In Q1 2026, Tax Rate rose 12.0% year-over-year to 22.22%; the TTM figure through Mar 2026 stood at 22.05% (up 110.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 20.32% and a median of 22.22% in 2026 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate plunged 2534 bps in 2023 and jumped 2523 bps in 2024, its largest moves.
- First Horizon's Tax Rate stood at 19.16% in 2022, then sank by 132 bps to 6.18% in 2023, then jumped by 408 bps to 19.05% in 2024, then grew by 18 bps to 22.45% in 2025, then fell by 1 bps to 22.22% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 22.22%, 22.45%, and 22.67% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | - |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | - |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | 19.21 |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | 19.83 |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | 28.76 |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | 0.05 |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | 18.98 |
| 10 | First Horizon | 11.64 Bn | 4.72 Bn | - | 22.22 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2023 | 26.80 |
| Sep 30, 2023 | 26.80 |
| Jun 30, 2023 | 22.59 |
| Jun 30, 2023 | 22.59 |
| Mar 31, 2023 | 22.96 |
| Mar 31, 2023 | 22.96 |
| Dec 31, 2022 | 19.16 |
| Dec 31, 2022 | 19.16 |
| Sep 30, 2022 | 22.54 |
| Sep 30, 2022 | 22.54 |
| Jun 30, 2022 | 21.33 |
| Jun 30, 2022 | 21.33 |
| Mar 31, 2022 | 22.35 |
| Mar 31, 2022 | 22.35 |
| Dec 31, 2021 | 18.51 |
| Dec 31, 2021 | 18.51 |
| Sep 30, 2021 | 21.14 |
| Sep 30, 2021 | 21.14 |
| Jun 30, 2021 | 22.06 |
| Jun 30, 2021 | 22.06 |
| Mar 31, 2021 | 23.13 |
| Mar 31, 2021 | 23.13 |
| Dec 31, 2020 | 18.60 |
| Dec 31, 2020 | 18.60 |
| Sep 30, 2020 | 0.37 |
| Sep 30, 2020 | 0.37 |
| Jun 30, 2020 | 18.57 |
| Jun 30, 2020 | 18.57 |
| Mar 31, 2020 | 23.81 |
| Mar 31, 2020 | 23.81 |
| Dec 31, 2019 | 23.28 |
| Dec 31, 2019 | 23.28 |
| Sep 30, 2019 | 23.91 |
| Sep 30, 2019 | 23.91 |
| Jun 30, 2019 | 23.26 |
| Jun 30, 2019 | 23.26 |
| Mar 31, 2019 | 20.74 |
| Mar 31, 2019 | 20.74 |
| Dec 31, 2018 | 18.78 |
| Dec 31, 2018 | 18.78 |
| Sep 30, 2018 | 23.40 |
| Sep 30, 2018 | 23.40 |
| Jun 30, 2018 | 18.64 |
| Jun 30, 2018 | 18.64 |
| Mar 31, 2018 | 23.96 |
| Mar 31, 2018 | 23.96 |
| Dec 31, 2017 | 288.93 |
| Dec 31, 2017 | 288.93 |
| Sep 30, 2017 | 15.93 |
| Sep 30, 2017 | 15.93 |
| Jun 30, 2017 | 15.34 |
| Jun 30, 2017 | 15.34 |
| Mar 31, 2017 | 31.66 |
| Mar 31, 2017 | 31.66 |
| Dec 31, 2016 | 29.37 |
| Dec 31, 2016 | 29.37 |
| Sep 30, 2016 | 29.68 |
| Sep 30, 2016 | 29.68 |
| Jun 30, 2016 | 33.00 |
| Jun 30, 2016 | 33.00 |
| Mar 31, 2016 | 31.70 |
| Mar 31, 2016 | 31.70 |
| Dec 31, 2015 | 5.01 |
| Dec 31, 2015 | 5.01 |
| Sep 30, 2015 | 12.32 |
| Sep 30, 2015 | 12.32 |
| Jun 30, 2015 | 28.20 |
| Jun 30, 2015 | 28.20 |
| Mar 31, 2015 | 23.52 |
| Mar 31, 2015 | 23.52 |
| Dec 31, 2014 | 20.97 |
| Dec 31, 2014 | 20.97 |
| Sep 30, 2014 | 25.01 |
| Sep 30, 2014 | 25.01 |
| Jun 30, 2014 | 29.07 |
| Jun 30, 2014 | 29.07 |
| Mar 31, 2014 | 28.65 |
| Mar 31, 2014 | 28.65 |
| Dec 31, 2013 | -69.73 |
| Dec 31, 2013 | -69.73 |
| Sep 30, 2013 | 23.16 |
| Sep 30, 2013 | 23.16 |
| Jun 30, 2013 | 24.91 |
| Jun 30, 2013 | 24.91 |
| Mar 31, 2013 | 28.47 |
| Mar 31, 2013 | 28.47 |
| Dec 31, 2012 | 278.95 |
| Dec 31, 2012 | 278.95 |
| Sep 30, 2012 | 15.55 |
| Sep 30, 2012 | 15.55 |
| Jun 30, 2012 | 41.87 |
| Jun 30, 2012 | 41.87 |
| Mar 31, 2012 | 23.82 |
| Mar 31, 2012 | 23.82 |
| Dec 31, 2011 | -43.02 |
| Dec 31, 2011 | -43.02 |
| Sep 30, 2011 | 19.68 |
| Sep 30, 2011 | 19.68 |
| Jun 30, 2011 | -27.78 |
| Jun 30, 2011 | -27.78 |
| Mar 31, 2011 | 22.36 |
| Mar 31, 2011 | 22.36 |
| Dec 31, 2010 | -47.04 |
| Dec 31, 2010 | -47.04 |
| Sep 30, 2010 | 8.81 |
| Sep 30, 2010 | 8.81 |
| Jun 30, 2010 | -8.88 |
| Jun 30, 2010 | -8.88 |
| Mar 31, 2010 | 85.43 |
| Mar 31, 2010 | 85.43 |
| Dec 31, 2009 | 42.69 |
| Dec 31, 2009 | 42.69 |
| Sep 30, 2009 | 38.25 |
| Sep 30, 2009 | 38.25 |
| Jun 30, 2009 | 41.31 |
| Jun 30, 2009 | 41.31 |
| Mar 31, 2009 | 42.39 |
| Mar 31, 2009 | 42.39 |