15 Best Bank Stocks to Buy According to Billionaires

10. First Horizon Corporation (NYSE:FHN)

Number of Billionaire Investors: 14

First Horizon Corporation (NYSE:FHN), a parent company of First Horizon Bank, offers a wide range of financial services across three main segments – Regional Banking, Specialty Banking, and Corporate. It provides everyday banking services for businesses and individuals, including loans, deposits, and wealth management. It is one of the best bank stocks to invest in.

On January 28, 2025, First Horizon Corporation (NYSE:FHN) announced a quarterly dividend of $0.15 per share for common shareholders. The dividend is distributable on April 1, to shareholders on record as of March 14. Dividends were also declared for the company’s Series C, Series E, and Series F Preferred Stock, and Class A Non-Cumulative Perpetual Preferred Stock. The company returned $930 million to shareholders through dividends and buybacks while keeping strong capital levels.

First Horizon Corporation (NYSE:FHN) increased adjusted EPS by $0.12 from last year, achieving a 12.6% return on tangible common equity. Despite lower interest rates, the company maintained a solid net interest margin of 3.35%, while counter cyclical businesses added $55 million to revenue. Loan and deposit growth remained strong at over 3% and 2%, respectively. FHN’s disciplined underwriting led to a lower net charge-off ratio of 18 basis points. Net interest income rose by $2 million, as lower deposit costs offset lower loan yields.