First Horizon (FHN) Stock Shocker: CEO’s Merger Hint Sends Shares Tumbling 13%
According to market reports, FHN shares traded around $20 on Oct 15, 2025 after the selloffbloomberg.com. This was down ~13% from Wednesday’s open near $23.02marketbeat.com. The share price briefly touched an intraday low of $19.99bloomberg.com. For perspective, that is the steepest one-day drop since regulators derailed TD Bank’s planned $13.4 billion merger with FHN in May 2023bloomberg.com. FHN’s 50-day and 200-day moving averages were near $22.5 and $20.7 respectivelymarketbeat.com, so the plunge pushed the stock back towards longer-term support levels. Overall, FHN has been up modestly on the year, but this October slide wiped out recent gains. First Horizon reported strong Q3 results on Oct 15, beating Wall Street expectationsinvesting.com. Adjusted earnings were $0.51 per share on $889 million of revenueinvesting.com. Net interest income grew by ~$33 million and net interest margin expanded to about 3.55%investing.com, thanks to higher loan yields and gradual deposit repricing.