US stock · Financial Services sector · Banks—Regional

First Horizon Corporation

FHN

NYSE

16.76

USD

+0.98

(+6.21%)

Market Closed

10.91P/E

8Forward P/E

0.52P/E to S&P500

9.006BMarket CAP

3.80%Div Yield

Summary Financials Transcripts Monitoring Classic View

Upcoming Earnings

17 Apr-21 Apr

Shares Short

2/28/23

29.48M

Short % of Float

7.17%

Short % of Shares Outs.

5.49%

% Held by Insiders

1.08%

% Held by Institutions

80.69%

Beta

0.94

PEG Ratio

0.82

52w. high/low

24.92/13.40

Avg. Daily Volume

5.51M

Return %

Stock

S&P 500

1 year

(30.89)

(9.05)

3 years

68.84

50.26

5 years

(19.44)

38.50

Scale: |

High

Low

18.58

3.74

13.83

6.05

15.09

9.14

12.67

5.38

10.99

7.44

12.74

9.47

13.99

11.00

16.34

11.97

20.76

11.51

20.86

15.84

20.75

12.30

17.42

12.96

17.40

6.27

19.45

12.55

24.92

16.51

24.90

13.40

Currency: USD

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

Revenue per share

11.55

8.57

6.40

5.66

5.43

5.05

4.90

4.81

5.33

5.40

5.82

5.80

7.17

5.57

2.34

5.98

Earnings per share

(0.93)

(1.15)

0.19

0.50

(0.11)

0.13

0.94

0.37

0.98

0.69

1.68

1.41

1.96

1.86

- -

1.68

FCF per share

0.39

18.07

2.90

2.76

0.04

1.49

1.72

2.88

1.41

0.49

(0.22)

0.59

1.81

0.21

1.28

4.30

Dividends per share

1.09

0.51

0.21

0.23

0.08

0.04

0.18

0.23

0.26

0.29

0.27

0.46

0.41

0.45

0.68

0.60

CAPEX per share

0.16

0.10

0.08

0.16

0.15

0.09

0.12

0.13

0.17

0.26

0.16

0.15

0.11

0.10

- -

Book Value per sh.

15.87

12.83

9.05

9.09

9.38

9.80

10.01

10.36

17.75

13.84

15.24

18.55

15.27

15.43

15.37

Comm.Shares outs.

207

234

263

244

235

234

233

241

324

314

432

537

Avg. annual P/E ratio

(10.9)

(9.4)

60.8

18.5

(80.2)

87.6

12.9

39.2

15.0

27.1

10.7

10.9

5.6

8.9

Infinity

13.4

P/E to S&P500

(0.5)

(0.1)

2.9

1.1

(5.4)

5.1

0.7

2.0

0.7

1.1

0.4

0.1

0.3

Infinity

0.6

Avg. annual div. yield

10.7%

4.7%

1.8%

2.4%

0.9%

0.4%

1.5%

1.6%

1.8%

1.6%

1.5%

3.0%

3.7%

2.7%

3.0%

2.7%

Revenue (m)

2,386

2,010

1,687

1,487

1,323

1,187

1,147

1,126

1,240

1,303

1,887

1,818

3,098

2,991

1,254

3,209

Operating margin

- -

Depreciation (m)

117

110

Net profit (m)

(192)

(270)

131

(28)

220

227

166

545

441

845

999

- -

900

Income tax rate

44.8%

41.6%

(38.6)%

10.6%

83.8%

(385.3)%

25.4%

10.1%

30.9%

42.7%

22.1%

22.8%

8.1%

21.3%

- -

21.3%

Net profit margin

(8.0)%

(13.4)%

3.0%

8.8%

(2.1)%

2.5%

19.1%

7.6%

18.3%

12.7%

28.9%

24.2%

27.3%

33.4%

- -

28.0%

Working capital (m)

22,100

20,799

19,926

19,937

20,180

18,867

20,279

20,739

23,115

30,097

32,155

33,238

70,118

74,675

19,803

- -

Long-term debt (m)

4,768

2,891

3,228

2,482

2,181

1,694

1,834

1,269

995

1,172

729

745

1,624

1,544

- -

1,597

Equity (m)

3,279

3,007

2,383

2,389

2,214

2,205

2,296

2,344

2,410

4,285

4,490

4,781

8,012

8,199

8,284

8,253

ROIC

0.7%

(0.5)%

1.0%

(0.0)%

1.9%

1.1%

0.6%

1.0%

0.7%

2.0%

1.9%

1.3%

- -

1.5%

Return on capital

1.2%

(0.9)%

0.7%

1.1%

(0.0)%

0.4%

1.5%

0.7%

1.5%

1.1%

2.5%

2.3%

1.4%

1.6%

- -

1.8%

Return on equity

(5.9)%

(9.0)%

2.1%

5.5%

(1.3)%

1.3%

9.6%

3.7%

9.4%

3.9%

12.1%

9.2%

10.5%

12.2%

- -

10.9%

Plowback ratio

232.3%

162.8%

120.8%

(17.9)%

85.3%

136.3%

(43.6)%

75.6%

30.0%

69.3%

48.0%

73.4%

59.8%

71.7%

63.4%

64.5%

Div.&Repurch./FCF

- -

91.5%

752.2%

- -

33.2%

14.4%

28.4%

140.9%

(130.2)%

134.0%

40.0%

219.3%

113.7%

14.0%

Capital Structure

1 Mar · 2023 | Q4

All numbers in millions

Total liabilities

$ 70,405

Total assets

$ 78,953

Long-term debt

$ 1,597

Cash and equiv.

$ 2,445

Goodwill

$ - -

Retained earnings

$ 3,430

Common stock

535

Enterprise Value

$ 8,158

Working Capital

Currency: USD, in millions

2021

2022

2023

Cash & Investments

24,761

20,032

2,445

Receivables

- -

Inventory

- -

Other

50,837

(5,998)

(16,054)

Current assets

75,598

20,032

- -

Acc. Payable

- -

Debt due

923

229

2,506

Other

- -

(2,506)

Current liabilities

923

229

- -

Annual growth rates

(avg. rate of change)

1 year

5 years

10 years

Revenue

155.90%

41.19%

24.37%

Cash flow

235.90%

243.31%

44.52%

Earnings

- -

Dividends

(11.48)%

24.70%

27.20%

Book value

(0.37)%

17.65%

18.29%

Insider Trading

Type

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

Quarterly Revenue

Currency: USD, in millions

Year

Total

2021

790

763

738

701

2,992

2022

875

742

406

106

2,129

2023

- -

500

1,340

882

- -

Earnings per share

Currency: USD

Year

Total

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

- -

Quarterly dividends paid

Currency: USD

Year

Total

2020

- -

2021

0.17

0.68

2022

0.17

0.15

0.30

0.02

0.64

Company Description

Sector:

Financial Services

Industry:

Banks—Regional

CEO:

Mr. D. Bryan Jordan

Full-time employees:

7,500

City:

Memphis

Address:

165 Madison Avenue

IPO:

Jul 28, 1999

CIK:

0000036966

Website:

firsthorizon.com

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.

Powered by AI

First Horizon Corporation

16.76