First Horizon Corporation
FHN
NYSE10.83
First Horizon Corporation
NYSE:FHN
RECENT
PRICE
10.83
P/E
RATIO
10.91
(PEG:- -)
P/E RATIO
RELATIVE
TO S&P
0.52
DIV
YLD
2.79%
High:
Low:
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Legends
Stock price
0.94 Beta (1.0 Market)
0
0
0
0
0
0
0
0
0
% total return 06/23:
Stock
S&P
1y.
0
0
3y.
0
0
5y.
0
0
0
Percent shares traded:
0
0
0
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Fiscal year
11.92
(1.13)
10.10
1.48
11.55
(0.93)
0.39
1.09
8.57
(1.15)
18.07
0.51
6.40
0.19
2.90
0.21
5.66
0.50
2.76
0.23
5.43
(0.11)
0.04
0.08
5.05
0.13
1.49
0.04
4.90
0.94
1.72
0.18
4.81
0.37
2.88
0.23
5.33
0.98
1.41
0.26
5.40
0.69
0.49
0.29
5.82
1.68
(0.22)
0.27
5.80
1.41
0.59
0.46
7.17
1.96
1.81
0.41
5.57
1.86
0.21
0.45
2.34
- -
1.28
0.68
5.98
1.68
4.30
0.60
Revenue per share
Earnings per share
Free Cash Flow per sh
Dividends per share
0.66
14.14
0.16
15.87
0.10
12.83
0.08
9.05
0.16
9.09
0.15
9.09
0.09
9.38
0.12
9.80
0.13
10.01
0.17
10.36
0.26
17.75
0.16
13.84
0.15
15.24
0.11
18.55
0.11
15.27
0.10
15.43
- -
15.37
CAPEX per share
Book Value per share
151
207
234
263
263
244
235
234
234
233
241
324
314
432
537
537
537
Comm.Shares outs.(m)
(25.1)
(1.45)
5.23%
(10.9)
(0.51)
10.72%
(9.4)
(0.13)
4.75%
60.8
2.94
1.84%
18.5
1.14
2.43%
(80.2)
(5.39)
0.87%
87.6
5.14
0.39%
12.9
0.71
1.50%
39.2
1.96
1.59%
15.0
0.68
1.77%
27.1
1.15
1.55%
10.7
0.43
1.47%
10.9
0.45
3.03%
5.6
0.15
3.71%
8.9
0.30
2.69%
Infinity
Infinity
3.04%
13.4
0.64
2.68%
Avg. annual P/E ratio
P/E relative to S&P500
Avg. annual div. yield
Capital Structure (1/1/23 | Q4)
Total liabilities
$70,405 m.
Total assets
$78,953 m.
Long-term debt
$1,597 m.
Cash and equiv.
$2,445 m.
Goodwill - -
Retained earnings $3,430 m.
Common stock 535 m. shares
Market Capitalisation
$8,619 m. (as of 6/6/23)
1,323
- -
1,187
- -
1,147
- -
1,126
- -
1,240
- -
1,303
- -
1,887
- -
1,818
- -
3,098
- -
2,991
- -
1,254
- -
3,209
- -
Revenue (m)
Operating margin
39
(28)
40
30
40
220
41
86
38
227
43
166
73
545
69
441
92
845
117
999
110
- -
51
900
Depreciation (m)
Net profit (m)
83.8%
(2.1)%
(385.3)%
2.5%
25.4%
19.1%
10.1%
7.6%
30.9%
18.3%
42.7%
12.7%
22.1%
28.9%
22.8%
24.2%
8.1%
27.3%
21.3%
33.4%
- -
- -
21.3%
28.0%
Income tax rate
Net profit margin
20,180
2,181
2,214
18,867
1,694
2,205
20,279
1,834
2,296
20,739
1,269
2,344
23,115
995
2,410
30,097
1,172
4,285
32,155
729
4,490
33,238
745
4,781
70,118
1,624
8,012
74,675
1,544
8,199
19,803
- -
8,284
- -
1,597
8,253
Working capital (m)
Long-term debt (m)
Equity (m)
(0.0)%
(0.0)%
(1.3)%
1.9%
0.4%
1.3%
1.1%
1.5%
9.6%
0.6%
0.7%
3.7%
1.0%
1.5%
9.4%
0.7%
1.1%
3.9%
2.0%
2.5%
12.1%
1.9%
2.3%
9.2%
1.3%
1.4%
10.5%
1.3%
1.6%
12.2%
- -
- -
- -
1.5%
1.8%
10.9%
ROIC
Return on capital
Return on equity
Working Capital
2021
2022
2023
Cash assets
24,761
18,763
11,152
Receivables
- -
- -
- -
Inventory
- -
- -
- -
Other
50,837
- -
(2,445)
Current assets
75,598
20,032
- -
Acc. Payable
- -
- -
- -
Debt due
923
229
2,506
Other
- -
- -
(2,506)
Current liab.
923
229
- -
(17.9)%
91.5%
85.3%
752.2%
136.3%
- -
(43.6)%
33.2%
75.6%
14.4%
30.0%
28.4%
69.3%
140.9%
48.0%
(130.2)%
73.4%
134.0%
59.8%
40.0%
71.7%
219.3%
63.4%
113.7%
Plowback ratio
Div.&Repurch. to FCF
First Horizon Corporation (US) started trading on July 3, 1999 (cik: 0000036966), operates in the Financial Services sector (Banks—Regional industry), has 7,500 full-time employees, and is led by Mr. D. Bryan Jordan. First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through three segments: Regional Banking, Specialty Banking, and Corporate. It offers general banking services for consumers, businesses, financial institutions, and governments. The company also underwrites bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; sells loans and derivatives; and offers advisory services. In addition, it offers various services, such as mortgage banking; title insurance and loan-closing; brokerage; correspondent banking; nationwide check clearing and remittance processing; trust, fiduciary, and agency; equipment finance; and investment and financial advisory services. Further, the company sells mutual fund and retail insurance products; and credit cards. It operates approximately 500 banking offices in 22 states under the First Horizon Bank brand; and 400 banking centers in 12 states under the FHN Financial brand in the United States. The company was formerly known as First Horizon National Corporation and changed its name to First Horizon Corporation in November 2020. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.
Annual rates
(avg rate of change)
Past
5 y.
Past
10 y.
Revenues
41.19%
24.37%
Cash flow
243.31%
44.52%
Earnings
- -
- -
Dividends
24.70%
27.20%
Book value
17.65%
18.29%
Insider trading
Type
Shares
Date
Jordan D Bryan
InKind
12,375
03/02/23
Fleming Jeff L.
InKind
1,114
03/02/23
Locascio Tammy
InKind
1,787
03/02/23
Springfield Susan L
InKind
2,946
03/02/23
Popwell David T
InKind
5,051
03/02/23
Fiscal Year Ends
Quarterly Revenue (m)
Full fiscal year
I
II
III
IV
2021
790
763
738
701
2,992
2022
875
742
406
106
2,129
2023
- -
500
1,340
882
- -
Fiscal Year Ends
Earnings per share
Full fiscal year
I
II
III
IV
2021
0.43
0.57
0.43
0.42
1.86
2022
0.48
0.32
- -
- -
0.80
2023
- -
0.17
0.97
0.48
- -
Fiscal Year Ends
Quarterly dividends paid
Full fiscal year
I
II
III
IV
2020
- -
- -
- -
- -
- -
2021
0.17
0.17
0.17
0.17
0.68
2022
0.17
0.15
0.30
0.02
0.64
08/06/2022
U.S. Weighs New Rules for Regional Banks, Complicating Merger Plans
The Wall Street Journal - Read more...
02/28/2022
TD Expands in U.S. With $13.4 Billion Acquisition of First Horizon
The Wall Street Journal - Read more...
02/28/2022
NIO, Novavax, Lockheed, Yandex, First Horizon: What to Watch in the Stock Market Today
The Wall Street Journal - Read more...