First Horizon (FHN) Stock Shocker: CEO’s Merger Hint Sends Shares Tumbling 13%
First Horizon shares plunged 13% to about $20 on Oct. 15, 2025, the steepest drop since May 2023, after M&A comments on its earnings call. The bank beat Q3 expectations with adjusted EPS of $0.51 and $889 million in revenue. Analysts raised some price targets but trimmed others; consensus sits near $25.3. FHN’s drop contrasted with a rally in other U.S. bank stocks that day.