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First Horizon vs Webster Financial: revenue, profit, margins and growth compared

First Horizon brought in $3.4B of revenue in fiscal 2025, Webster Financial $2.9B in fiscal 2025. Revenue changed by +7.2% at First Horizon and +11.9% at Webster Financial on the year before, so Webster Financial grew faster. First Horizon kept 28.7% of its revenue as net profit, Webster Financial 34.6%. Free cash flow was $595M at First Horizon and $1B at Webster Financial.

Side by side, latest fiscal year

FHNWBS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.4B$2.9B
Revenue growth+7.2%+11.9%
Net income$982M$1B
Net margin28.7%34.6%
Free cash flow$595M$1B
Free cash flow margin17.4%34.8%
Earnings per share (diluted)$1.87$5.90
Cash$1.6B$2.4B
Debtn/a$739.5M
Price to earnings12.613.2
Market value$11.1B$12.6B
Dividend yield2.56%2.06%
Rank by revenue in sector#114 of 444 · Finance#127 of 444 · Finance

Over the years

Revenue
FHN FY2018: $1.9BFHN FY2019: $1.8BFHN FY2022: $3.2BFHN FY2023: $3.5BFHN FY2024: $3.2BFHN FY2025: $3.4BWBS FY2018: $200.7MWBS FY2019: $208.3MWBS FY2020: $198.7MWBS FY2021: $212.4MWBS FY2022: $2.5BWBS FY2023: $2.7BWBS FY2024: $2.6BWBS FY2025: $2.9BFY18FY19FY20FY21FY22FY23FY24FY25
FHN $3.4BWBS $2.9B
Net income
FHN FY2018: $545MFHN FY2019: $441MFHN FY2020: $845MFHN FY2021: $999MFHN FY2022: $900MFHN FY2023: $897MFHN FY2024: $775MFHN FY2025: $982MWBS FY2018: $360.4MWBS FY2019: $382.7MWBS FY2020: $220.6MWBS FY2021: $408.9MWBS FY2022: $644.3MWBS FY2023: $867.8MWBS FY2024: $768.7MWBS FY2025: $1BFY18FY19FY20FY21FY22FY23FY24FY25
FHN $982MWBS $1B
Net margin
FHN FY2018: 28.1%FHN FY2019: 24.3%FHN FY2022: 28.1%FHN FY2023: 25.9%FHN FY2024: 24.3%FHN FY2025: 28.7%WBS FY2018: 179.6%WBS FY2019: 183.7%WBS FY2020: 111.0%WBS FY2021: 192.5%WBS FY2022: 26.0%WBS FY2023: 32.7%WBS FY2024: 29.7%WBS FY2025: 34.6%FY18FY19FY20FY21FY22FY23FY24FY25
FHN 28.7%WBS 34.6%
Revenue growth
FHN FY2019: -6.1%FHN FY2023: +8.1%FHN FY2024: -8.0%FHN FY2025: +7.2%WBS FY2019: +3.8%WBS FY2020: -4.6%WBS FY2021: +6.9%WBS FY2022: +1,065.3%WBS FY2023: +7.1%WBS FY2024: -2.3%WBS FY2025: +11.9%FY19FY20FY21FY22FY23FY24FY25
FHN +7.2%WBS +11.9%
Free cash flow
FHN FY2018: $196MFHN FY2019: $781MFHN FY2020: -$207MFHN FY2021: $688MFHN FY2022: $2.3BFHN FY2023: $1.3BFHN FY2024: $1.2BFHN FY2025: $595MWBS FY2018: $436.5MWBS FY2019: $278.1MWBS FY2020: $359.3MWBS FY2021: $672MWBS FY2022: $1.3BWBS FY2023: $938.3MWBS FY2024: $1.4BWBS FY2025: $1BFY18FY19FY20FY21FY22FY23FY24FY25
FHN $595MWBS $1B

Fiscal years as each company reports them; the two may end in different months.

Questions about First Horizon and Webster Financial

Which is bigger by revenue, First Horizon or Webster Financial?

First Horizon is bigger by revenue: $3.4B in fiscal 2025, against $2.9B for Webster Financial in fiscal 2025.

Which keeps more of its revenue as profit, First Horizon or Webster Financial?

First Horizon had a net margin of 28.7% in fiscal 2025; Webster Financial had 34.6% in fiscal 2025.

Which grew revenue faster, First Horizon or Webster Financial?

In their latest fiscal years revenue changed by +7.2% at First Horizon and +11.9% at Webster Financial.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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