First Horizon Surges to 309th on 49.57% Volume Spike as Shares Climb 2.50%

On August 22, 2025, First (FHN) reported a trading volume of $0.34 billion, a 49.57% increase from the previous day, ranking 309th among listed stocks. The stock closed with a 2.50% gain.

First Horizon has demonstrated robust performance over the past year, outperforming broader banking sector peers. The firm's loan and deposit balances have grown at a 15% compound annual rate since 2019, with year-over-year increases of 1.7% and 2.1% respectively in Q2 2025. Anticipation of Federal Reserve rate cuts in September has further bolstered investor sentiment, as easing funding costs and a shift to floating-rate loans could enhance net interest income. Meanwhile, the company's liquidity position remains strong, with $3.86 billion in cash and equivalents, supporting its capital return initiatives, including a $1 billion share repurchase program with $511 million remaining as of June 2025.

However, near-term challenges persist. Non-interest expenses rose at a 10.6% CAGR between 2019 and 2024, despite a recent decline in H1 2025. Elevated costs from technology investments and personnel expenses may pressure margins. Additionally, 76.3% of its loan portfolio is concentrated in commercial and commercial real estate, exposing the firm to macroeconomic risks. Deteriorating asset quality in this segment could further complicate financial stability if broader economic conditions worsen.

Historically, a strategy of purchasing the top 500 stocks by daily trading volume and holding for one day from 2022 to 2025 yielded a 1-day return of 0.98%, with a total return of 31.52% over 365 days. The strategy's Sharpe ratio of 0.79 indicated favorable risk-adjusted returns, though a maximum drawdown of -29.16% underscored its vulnerability during market declines.