First Horizon Financials
FHN Stock | USD 17.19 0.14 0.81% |
Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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Debt Equity Ratio | 0.39 | 0.4112 |
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Operating Income | 717 M | 1.4 B |
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Current Ratio | 0.22 | 0.2348 |
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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.
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First | Select Account or Indicator |
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 |
Instrument | USA Stock View All |
Exchange | New York Stock Exchange |
ISIN | US3205171057 |
CUSIP | 320517105 337162101 |
Location | Tennessee; U.S.A |
Business Address | 165 Madison Avenue, |
Sector | Banks |
Industry | Financials |
Benchmark | Dow Jones Industrial |
Website | www.firsthorizon.com |
Phone | 901 523 4444 |
Currency | USD - US Dollar |
First Horizon Key Financial Ratios
Return On Equity | 0.0898 | |||
Profit Margin | 0.26 % | |||
Operating Margin | 0.37 % | |||
Price To Sales | 2.98 X | |||
Revenue | 4.78 B |
First Horizon Key Balance Sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 43.3B | 84.2B | 89.1B | 79.0B | 81.7B | 85.7B | |
Other Current Liab | (2.3B) | (2.2B) | (2.1B) | (2.5B) | 17.7B | 11.5B | |
Net Debt | 1.9B | (5.7B) | (12.3B) | 1.7B | 1.7B | 1.8B | |
Retained Earnings | 1.8B | 2.3B | 2.9B | 3.4B | 4.0B | 4.2B | |
Cash | 1.1B | 9.6B | 16.1B | 2.4B | 2.3B | 2.0B | |
Other Assets | 29.9B | 54.8B | 50.8B | 62.6B | 70.0B | 73.5B | |
Total Liab | 38.2B | 75.9B | 80.6B | 70.4B | 72.4B | 76.0B | |
Total Current Assets | 5.6B | 17.6B | 24.8B | 2.4B | 4.8B | 4.5B | |
Short Term Debt | 2.3B | 2.2B | 2.1B | 2.5B | 2.5B | 2.7B | |
Net Receivables | 68.7M | 38.9M | 40.1M | 57.3B | 65.9B | 69.2B | |
Other Current Assets | 3.2B | 11.4B | 18.4B | 4.5B | 4.8B | 4.5B | |
Common Stock | 194.7M | 347M | 333M | 336M | 349M | 176.3M | |
Other Liab | 647.2M | 1.7B | 1.6B | 1.2B | 1.0B | 1.2B | |
Accounts Payable | 49.5M | 70.0B | 74.9B | 63.5B | 73.0B | 76.7B | |
Long Term Debt | 1.4B | 2.0B | 1.6B | 1.6B | 1.2B | 1.8B | |
Good Will | 1.4B | 1.4B | 1.4B | 1.5B | 1.5B | 1.6B | |
Inventory | (3.2B) | 20M | 10M | 11M | 9.9M | 9.4M | |
Intangible Assets | 130.2M | 354M | 298M | 234M | 186M | 176.7M | |
Net Tangible Assets | 3.1B | 5.7B | 5.9B | 5.5B | 6.3B | 3.5B | |
Long Term Debt Total | 1.4B | 2.0B | 1.6B | 1.9B | 1.7B | 1.7B | |
Capital Surpluse | 2.9B | 5.1B | 4.7B | 4.8B | 5.6B | 3.0B |
First Horizon Key Income Statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 414.2M | 236M | 176M | 304M | 212M | 278.9M | |
Operating Income | 574.2M | 921M | 1.3B | 1.5B | 1.4B | 717.0M | |
Ebit | 574.2M | 869M | 1.2B | 1.4B | 1.3B | 709.2M | |
Ebitda | 599.0M | 961M | 1.3B | 1.5B | 1.4B | 808.4M | |
Income Before Tax | 585.7M | 933M | 1.3B | 1.2B | 1.1B | 1.2B | |
Net Income | 440.9M | 845M | 999M | 900M | 897M | 941.9M | |
Income Tax Expense | 133.3M | 76M | 274M | 247M | 212M | 222.6M | |
Total Revenue | 1.8B | 3.2B | 3.1B | 3.2B | 4.8B | 5.0B | |
Gross Profit | 1.8B | 3.2B | 3.1B | 3.2B | 1.4B | 1.7B | |
Tax Provision | 133.3M | 76M | 274M | 247M | 287M | 174.1M | |
Net Interest Income | 1.2B | 1.7B | 2.0B | 2.4B | 2.6B | 1.6B | |
Interest Income | 1.6B | 1.9B | 2.2B | 2.7B | 3.9B | 2.0B |
First Horizon Key Cash Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Change In Cash | (138.4M) | 381M | 140M | (245M) | 188M | 197.4M | |
Free Cash Flow | 781.1M | 114M | 688M | 2.3B | 1.2B | 1.3B | |
Depreciation | 65.2M | 62M | 50M | 99M | 102M | 94.6M | |
Other Non Cash Items | (1.2B) | (538M) | (2.3B) | (1.5B) | (680M) | (646M) | |
Dividends Paid | 177.3M | 239M | 366M | 356M | 367M | 385.4M | |
Capital Expenditures | 49.2M | 58M | 53M | 28M | 37M | 53.7M | |
Net Income | 452.4M | 857M | 1.0B | 912M | 897M | 941.9M | |
End Period Cash Flow | 1.3B | 1.6B | 1.8B | 1.5B | 1.7B | 1.3B | |
Investments | (2.4B) | (7.0B) | (4.6B) | 8.2B | (2.7B) | (2.5B) | |
Net Borrowings | 2.0B | (1.9B) | (183M) | 382M | 439.3M | 461.3M | |
Change To Netincome | 377.9M | (685M) | (269M) | 1.4B | 1.3B | 1.3B |
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 |
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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.
Downside Deviation | 1.89 | |||
Information Ratio | 0.0431 | |||
Maximum Drawdown | 8.44 | |||
Value At Risk | (2.50) | |||
Potential Upside | 3.0 |
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.