First Horizon Corporation(FHN) Stock Research - Grey Stern Research
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First Horizon Corporation (FHN) Stock Analysis

$21.39 (2.69%)

FHN Financial Performance


Use the table below to view First Horizon Corporation's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $21.39 -
52 Week Low $12.95 -
52 Week High $21.72 -
Market Cap $11.3 Billion 8/12
Gross Margin 100% 1/12
Profit Margin 17% 7/12
EBITDA margin 22% 7/12
Q3 - 2024 Revenue $1.3 Billion 8/12
Q3 - 2024 Earnings $218.0 Million 7/12
Q3 - 2024 Free Cash Flow $383.0 Million 4/12
Trailing 4 Quarters Revenue $5.1 Billion 8/12
Trailing 4 Quarters Earnings $792.0 Million 6/12
Quarterly Earnings Growth 59% 1/12
Annual Earnings Growth 121% 1/12
Quarterly Revenue Growth 69% 2/12
Annual Revenue Growth 643% 1/12
Cash On Hand $0 8/12
Short Term Debt $2.6 Billion 5/12
Long Term Debt $1.2 Billion 11/12

First Horizon Corporation Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare First Horizon Corporation's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 14.32 6/12
PS 2.22 5/12
PB 1.22 5/12
PC -1.00 8/12
Liabilities to Equity 8.13 8/12
ROA 0.01 1/12
ROE 0.09 4/12
Current Ratio 1.13 4/12
Quick Ratio 0.00 8/12
Long Term Debt to Equity 0.13 11/12
Debt to Equity 0.42 12/12
Burn Rate 0.00 8/12
Cash to Cap 0.00 8/12
CCR 1.76 3/12
EV to EBITDA 51.63 6/12
EV to Revenue 2.96 8/12

Company Details

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.

CEO: Mr. David Jordan

Website: https://www.firsthorizon.com

Address: 165 Madison Ave Memphis, TENNESSEE

Exchange: New York Stock Exchange

Industry: Banks—Regional

First Horizon Corporation Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to First Horizon Corporation. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
KeyCorp KEY $18.0 Billion
Fifth Third Bancorp FITB $29.5 Billion
U.S. Bancorp USB $79.4 Billion
Huntington Bancshares Incorporated HBAN $24.8 Billion
Zions Bancorporation, National Association ZION $8.6 Billion
Citizens Financial Group, Inc. CFG $20.7 Billion
Comerica Incorporated CMA $8.6 Billion
Western Alliance Bancorporation WAL $9.7 Billion
M&T Bank Corporation MTB $33.3 Billion
PacWest Bancorp PACW $904.5 Million
Truist Financial Corporation TFC $60.3 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
FHN Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 1.3 Billion $218.0 Million
Q2 2024 $ 1.3 Billion $199.0 Million
Q1 2024 $ 1.3 Billion $192.0 Million
Q4 2023 $ 1.3 Billion $183.0 Million
Q3 2023 $ 779.0 Million $137.0 Million
Q2 2023 $ 30.0 Million $74.0 Million
Q1 2023 $ 858.0 Million $251.0 Million
Q4 2022 $ 884.0 Million $266.0 Million

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FHN Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $0 $82.6 Billion $3.8 Billion $9.3 Billion
Q2 2024 $969.0 Million $82.2 Billion $5.7 Billion $9.0 Billion
Q1 2024 $2.6 Billion $81.8 Billion $3.9 Billion $9.2 Billion
Q4 2023 $1.0 Billion $81.7 Billion $3.7 Billion $9.3 Billion
Q3 2023 $2.9 Billion $82.5 Billion $3.7 Billion $8.5 Billion
Q2 2023 $4.1 Billion $82.3 Billion $9.4 Billion $8.7 Billion
Q1 2023 $3.5 Billion $80.7 Billion $8.1 Billion $8.6 Billion
Q4 2022 $2.4 Billion $79.0 Billion $4.1 Billion $8.3 Billion

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FHN Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $383.0 Million -$6.0 Million $580.0 Million
Q2 2024 -$6.0 Million -$11.0 Million -$110.0 Million
Q1 2024 $466.0 Million -$10.0 Million -$165.0 Million
Q4 2023 $24.0 Million $0 $24.0 Million
Q3 2023 $617.0 Million $0 $617.0 Million
Q2 2023 $296.0 Million -$9.0 Million $123.0 Million
Q1 2023 -$74.0 Million -$5.0 Million -$247.0 Million
Q4 2022 $19.0 Million -$6.0 Million -$340.0 Million

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