First Horizon Financials

FHN Stock  USD 17.19  0.14  0.81%   
Based on the analysis of First Horizon's profitability, liquidity, and operating efficiency, First Horizon National may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, First Horizon's Retained Earnings are very stable compared to the past year. As of the 4th of November 2024, Non Current Assets Total is likely to grow to about 80.7 B, while Short and Long Term Debt Total is likely to drop about 3.1 B. Key indicators impacting First Horizon's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.390.4112
Notably Down
Slightly volatile
Operating Income717 M1.4 B
Way Down
Slightly volatile
Current Ratio0.220.2348
Notably Down
Slightly volatile
The financial analysis of First Horizon is a critical element in measuring its lifeblood. Investors should not minimize First Horizon's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

941.85 Million

  
Understanding current and past First Horizon Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of First Horizon's financial statements are interrelated, with each one affecting the others. For example, an increase in First Horizon's assets may result in an increase in income on the income statement.

First Horizon Stock Summary

First Horizon competes with Zions Bancorporation, KeyCorp, Comerica, Western Alliance, and Fifth Third. First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee. First Horizon operates under BanksRegional classification in the United States and is traded on New York Stock Exchange. It employs 7500 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS3205171057
CUSIP320517105 337162101
LocationTennessee; U.S.A
Business Address165 Madison Avenue,
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.firsthorizon.com
Phone901 523 4444
CurrencyUSD - US Dollar

First Horizon Key Financial Ratios

First Horizon Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets43.3B84.2B89.1B79.0B81.7B85.7B
Other Current Liab(2.3B)(2.2B)(2.1B)(2.5B)17.7B11.5B
Net Debt1.9B(5.7B)(12.3B)1.7B1.7B1.8B
Retained Earnings1.8B2.3B2.9B3.4B4.0B4.2B
Cash1.1B9.6B16.1B2.4B2.3B2.0B
Other Assets29.9B54.8B50.8B62.6B70.0B73.5B
Total Liab38.2B75.9B80.6B70.4B72.4B76.0B
Total Current Assets5.6B17.6B24.8B2.4B4.8B4.5B
Short Term Debt2.3B2.2B2.1B2.5B2.5B2.7B
Net Receivables68.7M38.9M40.1M57.3B65.9B69.2B
Other Current Assets3.2B11.4B18.4B4.5B4.8B4.5B
Common Stock194.7M347M333M336M349M176.3M
Other Liab647.2M1.7B1.6B1.2B1.0B1.2B
Accounts Payable49.5M70.0B74.9B63.5B73.0B76.7B
Long Term Debt1.4B2.0B1.6B1.6B1.2B1.8B
Good Will1.4B1.4B1.4B1.5B1.5B1.6B
Inventory(3.2B)20M10M11M9.9M9.4M
Intangible Assets130.2M354M298M234M186M176.7M
Net Tangible Assets3.1B5.7B5.9B5.5B6.3B3.5B
Long Term Debt Total1.4B2.0B1.6B1.9B1.7B1.7B
Capital Surpluse2.9B5.1B4.7B4.8B5.6B3.0B

First Horizon Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense414.2M236M176M304M212M278.9M
Operating Income574.2M921M1.3B1.5B1.4B717.0M
Ebit574.2M869M1.2B1.4B1.3B709.2M
Ebitda599.0M961M1.3B1.5B1.4B808.4M
Income Before Tax585.7M933M1.3B1.2B1.1B1.2B
Net Income440.9M845M999M900M897M941.9M
Income Tax Expense133.3M76M274M247M212M222.6M
Total Revenue1.8B3.2B3.1B3.2B4.8B5.0B
Gross Profit1.8B3.2B3.1B3.2B1.4B1.7B
Tax Provision133.3M76M274M247M287M174.1M
Net Interest Income1.2B1.7B2.0B2.4B2.6B1.6B
Interest Income1.6B1.9B2.2B2.7B3.9B2.0B

First Horizon Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(138.4M)381M140M(245M)188M197.4M
Free Cash Flow781.1M114M688M2.3B1.2B1.3B
Depreciation65.2M62M50M99M102M94.6M
Other Non Cash Items(1.2B)(538M)(2.3B)(1.5B)(680M)(646M)
Dividends Paid177.3M239M366M356M367M385.4M
Capital Expenditures49.2M58M53M28M37M53.7M
Net Income452.4M857M1.0B912M897M941.9M
End Period Cash Flow1.3B1.6B1.8B1.5B1.7B1.3B
Investments(2.4B)(7.0B)(4.6B)8.2B(2.7B)(2.5B)
Net Borrowings2.0B(1.9B)(183M)382M439.3M461.3M
Change To Netincome377.9M(685M)(269M)1.4B1.3B1.3B

First Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining First Horizon's current stock value. Our valuation model uses many indicators to compare First Horizon value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across First Horizon competition to find correlations between indicators driving First Horizon's intrinsic value. More Info.
First Horizon National is rated below average in return on equity category among its peers. It is rated # 3 in return on asset category among its peers reporting about  0.11  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for First Horizon National is roughly  9.16 . At this time, First Horizon's Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the First Horizon's earnings, one of the primary drivers of an investment's value.

First Horizon National Systematic Risk

First Horizon's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. First Horizon volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on First Horizon National correlated with the market. If Beta is less than 0 First Horizon generally moves in the opposite direction as compared to the market. If First Horizon Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one First Horizon National is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of First Horizon is generally in the same direction as the market. If Beta > 1 First Horizon moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in First Horizon Stock are looking for potential investment opportunities by analyzing not only static indicators but also various First Horizon's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of First Horizon growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(3.33)

At this time, First Horizon's Price Earnings To Growth Ratio is very stable compared to the past year.

First Horizon November 4, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of First Horizon help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of First Horizon National. We use our internally-developed statistical techniques to arrive at the intrinsic value of First Horizon National based on widely used predictive technical indicators. In general, we focus on analyzing First Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build First Horizon's daily price indicators and compare them against related drivers.
When determining whether First Horizon National offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Horizon's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Horizon National Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Horizon National Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Horizon National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Horizon. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Horizon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.734
Dividend Share
0.6
Earnings Share
1.21
Revenue Per Share
5.607
Quarterly Revenue Growth
0.187
The market value of First Horizon National is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Horizon's value that differs from its market value or its book value, called intrinsic value, which is First Horizon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Horizon's market value can be influenced by many factors that don't directly affect First Horizon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Horizon's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Horizon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Horizon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.