US stock · Financial Services sector · Banks—Regional
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First Horizon Corporation

FHNNYSE

24.75

USD
+0.09
(+0.34%)
Market Open
17.13P/E
12Forward P/E
0.85P/E to S&P500
13.283BMarket CAP
2.43%Div Yield
Upcoming Earnings
18 Jan-23 Jan
Shares Short
11/15/22
28.45M
Short % of Float
6.93%
Short % of Shares Outs.
5.30%
% Held by Insiders
1.36%
% Held by Institutions
80.18%
Beta
0.98
PEG Ratio
1.61
52w. high/low
24.78/15.00
Avg. Daily Volume
4.32M
Return %
Stock
S&P 500
1 year
51.85
(14.02)
3 years
52.69
25.85
5 years
25.37
49.58
Scale: |
High
Low
43.40
16.86
21.43
4.32
14.82
6.84
15.86
9.32
12.67
5.38
10.99
7.44
12.74
9.47
13.99
11.00
16.35
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
24.78
16.51
Currency: USD
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
TTM
Revenue per share
14.48
11.92
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
5.08
Earnings per share
3.10
(1.13)
(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
1.20
FCF per share
10.21
0.53
20.50
3.26
2.75
0.03
1.44
1.72
2.87
1.40
0.51
(0.29)
0.57
2.49
0.26
1.28
3.70
Dividends per share
1.50
1.49
0.58
0.24
0.22
0.07
0.04
0.18
0.23
0.26
0.30
0.36
0.45
0.57
0.55
0.68
0.79
CAPEX per share
0.67
0.22
0.11
0.09
0.16
0.13
0.09
0.12
0.13
0.17
0.27
0.22
0.15
0.16
0.13
0.10
0.05
Book Value per sh.
16.48
14.14
15.87
12.83
9.05
9.09
9.09
9.38
9.80
10.01
10.36
17.75
13.84
15.24
18.55
15.27
15.47
Comm.Shares outs.
149
151
207
234
263
263
244
235
234
234
233
241
324
314
432
537
536
Avg. annual P/E ratio
12.3
(29.0)
(12.5)
(10.2)
63.3
18.5
(80.2)
87.6
12.9
39.2
15.0
27.1
10.7
10.9
5.7
8.9
17.1
P/E to S&P500
0.7
(1.7)
(0.6)
(0.1)
3.1
1.1
(5.4)
5.1
0.7
2.0
0.7
1.1
0.4
0.4
0.1
0.3
0.9
Avg. annual div. yield
3.9%
4.6%
5.0%
2.0%
1.9%
0.8%
0.5%
1.6%
1.9%
1.8%
2.0%
1.9%
2.5%
3.7%
5.0%
4.1%
3.6%
Revenue (m)
2,164
1,801
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
2,724
Operating margin
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation (m)
145
132
50
82
83
89
39
40
40
41
38
43
73
69
92
117
113
Net profit (m)
463
(170)
(192)
(270)
50
131
(28)
30
220
86
227
166
545
441
845
999
658
Income tax rate
25.8%
44.6%
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%
- -
Net profit margin
21.4%
(9.4)%
(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%
21.3%
Working capital (m)
27,423
26,426
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
19,659
Long-term debt (m)
5,836
6,828
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
- -
Equity (m)
2,462
2,136
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
8,374
ROIC
3.9%
1.8%
0.7%
(0.5)%
1.0%
1.0%
(0.0)%
1.9%
1.1%
0.6%
1.0%
0.7%
2.0%
1.9%
1.3%
1.3%
- -
Return on capital
5.0%
2.8%
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%
2.0%
Return on equity
18.8%
(8.0)%
(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%
7.9%
Plowback ratio
51.7%
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%
61.3%
Div.&Repurch./FCF
14.6%
- -
- -
- -
91.5%
752.2%
- -
33.2%
14.4%
28.4%
140.9%
(130.2)%
134.0%
40.0%
219.3%
113.7%
36.1%
Capital Structure
7 Nov · 2022 | Q3
All numbers in millions
Total liabilities
$ 45,112
Total assets
$ 75,963
Long-term debt
$ - -
Cash and equiv.
$ 9,582
Goodwill
$ 1,511
Retained earnings
$ 3,254
Common stock
535
Enterprise Value
$ 3,701
Working Capital
Currency: USD, in millions
2019
2020
2021
Cash & Investments
5,562
17,601
24,761
Receivables
40
- -
- -
Inventory
- -
- -
- -
Other
29,890
63,199
65,775
Current assets
35,491
72,362
75,598
Acc. Payable
- -
- -
- -
Debt due
2,253
2,244
923
Other
- -
- -
- -
Current liabilities
2,253
2,244
923
Annual growth rates
(avg. rate of change)
1 year
5 years
10 years
Revenue
(3.45)%
27.02%
11.98%
Cash flow
503.51%
93.18%
20.04%
Earnings
18.22%
80.02%
92.38%
Dividends
53.14%
44.65%
64.30%
Book value
2.33%
20.30%
18.62%
Insider Trading
Type
Shares
Date
Locascio Tammy
Exempt
8,804
11/09/22
Locascio Tammy
Exempt
11,058
11/09/22
Locascio Tammy
Exempt
11,235
11/09/22
Locascio Tammy
Sale
8,804
11/09/22
Locascio Tammy
Exempt
8,804
11/09/22
Quarterly Revenue
Currency: USD, in millions
Year
1Q
2Q
3Q
4Q
Total
2020
466
500
1,340
793
3,098
2021
790
763
738
701
2,992
2022
875
742
406
- -
- -
Earnings per share
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
0.03
0.12
1.24
0.56
1.96
2021
0.43
0.57
0.43
0.42
1.86
2022
0.48
0.33
- -
- -
- -
Quarterly dividends paid
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
0.11
0.11
0.12
0.21
0.55
2021
0.17
0.17
0.17
0.17
0.68
2022
- -
0.15
0.30
- -
- -
Company Description
Sector:
Financial Services
Industry:
Banks—Regional
CEO:
Mr. David Jordan
Full-time employees:
7,500
City:
Memphis
Address:
165 Madison Ave
IPO:
Jul 28, 1999
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.