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First Horizon National Corp Stock Research

FHN

10.64USD-0.38(-3.45%)Market Closed
Watchlist

Market Summary

USD10.64-0.38
Market Closed
-3.45%

FHN Alerts

FHN Stock Price

FHN RSI Chart

FHN Valuation

Market Cap

5.7B

Price/Earnings (Trailing)

5.16

Price/Sales (Trailing)

1.63

EV/EBITDA

1.05

Price/Free Cashflow

5.57

FHN Price/Sales (Trailing)

FHN Profitability

EBT Margin

39.97%

Return on Equity

11.15%

Return on Assets

1.19%

Free Cashflow Yield

17.94%

FHN Fundamentals

FHN Revenue

Revenue (TTM)

3.5B

Revenue Y/Y

74.1%

Revenue Q/Q

10.33%

FHN Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

86.78%

Earnings Q/Q

27.45%

Price Action

52 Week Range

8.9924.66
(Low)(High)

Last 7 days

-0.8%

Last 30 days

-11.6%

Last 90 days

-2.2%

Trailing 12 Months

-51.6%

FHN Financial Health

FHN Investor Care

Dividend Yield

5.64%

Dividend/Share (TTM)

0.6

Shares Dilution (1Y)

0.84%

Diluted EPS (TTM)

1.89

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for FHN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-03
JORDAN D BRYAN
acquired
-
-
149,142
chairman, president & ceo
2023-07-03
Fleming Jeff L.
sold (taxes)
-7,429
11.5
-646
evp & chief accounting officer
2023-06-07
FENSTERMAKER WILLIAM H
bought
116,196
11.6196
10,000
-
2023-05-19
PALMER VICKI R
bought
22,041
11.0207
2,000
-
2023-05-12
LoCascio Tammy
sold (taxes)
-31,166
9.67
-3,223
sevp, chief operating officer
2023-05-12
JORDAN D BRYAN
sold (taxes)
-945,881
9.67
-97,816
chairman, president & ceo
2023-05-12
Fleming Jeff L.
sold (taxes)
-22,270
9.67
-2,303
evp & chief accounting officer
2023-05-12
POPWELL DAVID T
sold (taxes)
-121,552
9.67
-12,570
president-specialty banking
2023-05-12
Springfield Susan L
sold (taxes)
-65,311
9.67
-6,754
sr evp & chief credit officer
2023-05-12
LoCascio Tammy
sold (taxes)
-33,148
9.67
-3,428
sevp, chief operating officer

1–10 of 50

Which funds bought or sold FHN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-26
BROOKFIELD Corp /ON/
added
786
4,247,970
5,167,840
0.02%
2023-09-20
BARCLAYS PLC
reduced
-81.88
-278,150,000
36,092,000
0.02%
2023-09-12
DAVIDSON KEMPNER CAPITAL MANAGEMENT LP
sold off
-100
-46,240,000
-
-%
2023-09-12
Farther Finance Advisors, LLC
added
218
1,726
3,415
-%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
unchanged
-
-2,943
5,094
-%
2023-09-05
Delos Wealth Advisors, LLC
unchanged
-
-1,953
3,381
-%
2023-08-24
Alberta Investment Management Corp
unchanged
-
-4,172,910
7,224,070
0.07%
2023-08-23
Stonebridge Capital Advisors LLC
unchanged
-
-33.00
56.00
-%
2023-08-22
Old North State Trust, LLC
sold off
-100
-5,000
-
-%
2023-08-22
NEW SOUTH CAPITAL MANAGEMENT INC
unchanged
-
-65,861
114,019
-%

1–10 of 44

Latest Funds Activity

Are funds buying FHN calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own FHN
No. of Funds

Schedule 13G FIlings of First Horizon National

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
10.06%
53,990,345
SC 13G/A
Jan 26, 2023
blackrock inc.
14.1%
75,686,563
SC 13G/A
Jan 20, 2023
blackrock inc.
14.1%
75,686,563
SC 13G/A
Feb 10, 2022
vanguard group inc
10.68%
57,729,147
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Jan 27, 2022
blackrock inc.
11.4%
61,543,301
SC 13G/A
Jan 25, 2022
blackrock inc.
11.4%
61,543,301
SC 13G/A
Apr 12, 2021
blackrock inc.
-
0
SC 13G/A
Feb 10, 2021
vanguard group inc
10.25%
56,845,282
SC 13G/A
Feb 08, 2021
fmr llc
-
0
SC 13G/A

Recent SEC filings of First Horizon National

View All Filings
Date Filed Form Type Document
Aug 04, 2023
10-Q
Quarterly Report
Aug 04, 2023
4
Insider Trading
Aug 03, 2023
13F-NT
13F-NT
Aug 03, 2023
8-K
Current Report
Jul 28, 2023
S-8
Employee Benefits Plan
Jul 28, 2023
S-8
Employee Benefits Plan
Jul 25, 2023
8-K
Current Report
Jul 19, 2023
8-K
Current Report
Jul 11, 2023
S-8 POS
Employee Benefits Plan
Jul 11, 2023
S-8 POS
Employee Benefits Plan

Peers (Alternatives to First Horizon National)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
423.2B
173.2B
-2.12% 37.83%
8.85
2.44
35.92% 22.61%
212.4B
110.0B
-4.93% -9.59%
7.13
1.93
51.38% 6.30%
146.6B
72.5B
-1.64% 1.54%
8.98
2.02
73.83% -8.32%
49.3B
25.2B
-9.13% -18.83%
8.5
1.96
79.85% -14.63%
48.1B
22.9B
1.90% -17.74%
7.54
2.1
38.72% 11.55%
5.7B
3.5B
-11.56% -51.58%
5.16
1.63
63.30% 33.69%
MID-CAP
6.6B
2.0B
-3.76% -31.79%
10.07
3.77
87.42% 64.02%
6.0B
1.9B
-3.11% -8.89%
9.38
3.15
63.51% 27.47%
5.1B
1.9B
0.60% -17.09%
8.28
2.7
77.79% 14.10%
5.0B
3.4B
-0.29% -31.54%
5.64
1.44
49.65% 2.44%
SMALL-CAP
1.5B
434.3M
-6.99% -23.91%
10.88
3.52
26.93% -3.25%
1.3B
738.4M
-6.01% -29.59%
12.79
1.8
72.51% -6.48%
1.2B
270.1M
-1.21% -17.36%
7.45
4.27
51.23% 68.79%
1.0B
919.0M
-8.39% -29.25%
5.73
1.14
55.57% -16.98%

First Horizon National News

Yahoo Finance
Why Is First Horizon (FHN) Down 0.6% Since Last Earnings Report?.
Yahoo Finance,
45 days ago
Finanzaonline
Yahoo Canada Finance
Investor's Business Daily
The Motley Fool Canada
Peace FM Online
Yahoo Canada Finance
The Motley Fool Canada
How to Invest $1000 in May 2023.
The Motley Fool Canada,
5 months ago
Yahoo Canada Finance

Returns for FHN

Cumulative Returns on FHN

2.6%


10-Year Cumulative Returns

-1.5%


7-Year Cumulative Returns

-5.4%


5-Year Cumulative Returns

9.1%


3-Year Cumulative Returns

Risks for FHN

What is the probability of a big loss on FHN?

58.5%


Probability that First Horizon National stock will be more than 20% underwater in next one year

45.4%


Probability that First Horizon National stock will be more than 30% underwater in next one year.

28.1%


Probability that First Horizon National stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FHN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if First Horizon National was unfortunately bought at previous high price.

Drawdowns

Financials for First Horizon National

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue14.0%3,5243,0922,6832,3582,1582,1172,1582,2022,2672,0711,8981,7261,5351,6011,6241,2371,4821,5081,5461,9021,571
EBITDA-100.0%-3,8373,5513,3633,1153,2313,3063,3383,6133,1142,6412,2861,6931,7631,8611,8252,0341,9951,994--
EBITDA Margin-100.0%-1.24*1.32*1.43*1.44*1.53*1.53*1.52*1.59*1.50*1.39*1.26*1.02*1.00*1.02*1.05*1.05*1.04*1.03*--
Interest Expenses3.4%2,6892,6012,3922,1812,0111,9661,9942,0192,0591,8671,6621,4511,2201,2181,2101,2011,2061,2131,2201,1601,064
Earnings Before Taxes16.2%1,4361,2361,1591,1071,0591,2331,2841,3051,5481,219933790398477586553762720714615342
EBT Margin-100.0%-0.40*0.43*0.47*0.49*0.58*0.59*0.59*0.68*0.59*0.49*0.44*0.24*0.27*0.32*0.32*0.39*0.37*0.37*--
Net Income15.7%1,1119609008648319689991,0201,3241,070845727303359441426587559545402199
Net Income Margin-100.0%-0.31*0.34*0.37*0.38*0.45*0.46*0.46*0.58*0.51*0.45*0.40*0.18*0.20*0.24*0.24*0.30*0.29*0.28*--
Free Cashflow-100.0%-1,5482,3112,4591,2443717411,0131,6902,597133-198-58.87-7317911,043499522195--
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets5.4%85,07180,72978,95380,29985,13288,66089,09288,53787,90887,51384,20983,03048,64547,19743,31143,71842,17241,09940,83240,63641,077
    Cash Equivalents9.5%1,4191,2961,5431,8831,8451,8651,7881,5581,9251,6891,6481,6681,0201,1301,2671,4961,2501,2131,4051,443-
  Net PPE-1.3%595603612622636669665692714719759756448448455452454484494506525
  Goodwill0%1,5111,5111,5111,5111,5111,5111,5111,5111,5111,5111,5111,5101,5111,5111,4331,4331,4331,4331,4331,4101,409
Liabilities6.0%76,11171,83470,40672,01676,58179,96480,59880,00579,34379,20675,90274,88543,43642,14238,23538,72237,24636,25236,04735,89436,527
  Short Term Borrowings7.1%6,9466,4842,5061,4161,9531,7192,1242,2252,2462,2032,1982,142--3,518------
Shareholder's Equity-2.6%8,6658,8958,2527,9888,5518,6978,4948,5328,5658,3078,3078,1445,2085,0565,0764,9964,9264,8474,7864,7424,550
  Retained Earnings6.5%3,8303,5953,4303,2543,0792,9962,8912,7532,6122,4022,2612,1111,6721,6671,7981,7261,6611,5961,5421,4851,254
  Additional Paid-In Capital9.5%5,3254,8634,8404,8124,7914,7694,7434,8664,9975,0365,0745,0612,9412,9392,9312,9252,9422,9843,0293,1013,114
Shares Outstanding0.4%539537-536535533-546550552-550312312-312314317-324325
Minority Interest0%295295295295295295295295295295295295295295295295295295295295295
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-33.5%1,0291,5482,3112,4591,2443717411,0131,6902,636172-159-20.29-6928301,081537561234152461
  Share Based Compensation-38.6%51.0083.0075.0065.0054.0047.0043.0040.0043.0035.0032.0029.0021.0024.0022.0022.0022.0023.0023.0023.0022.00
Cashflow From Investing-108.4%-5136,1378,3137,0112,049-391-4,617-5,991-3,687-6,557-4,967-3,393-6,517-4,779-2,390-3,310-1,047-881480282-860
Cashflow From Financing88.6%-942-8,254-10,869-9,145-3,3731964,0164,8682,9024,4805,1763,7266,3085,3891,4222,282282100-761-77.67797
  Dividend Payments1.2%329325324324328331333335297262222183179176171167162156139121103
  Buy Backs-20.0%12.0015.0012.0015730035641627212764.004.004.0031.0083.0013421520615610524.005.00

FHN Income Statement

2023-06-30
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income    
Interest and fees on loans and leases$ 877$ 492$ 1,683$ 936
Interest and fees on loans held for sale14102420
Interest on investment securities634512583
Interest on trading securities18133824
Interest on other earning assets43236431
Total interest income1,0155831,9341,094
Interest expense    
Interest on deposits2651843629
Interest on trading liabilities2456
Interest on short-term borrowings9921363
Interest on term borrowings19173935
Total interest expense3854161673
Net interest income6305421,3181,021
Provision for credit losses5030100(10)
Net interest income after provision for credit losses5805121,2181,031
Noninterest income    
Deposit transactions and cash management45428786
Fixed income305169124
Brokerage, management fees and commissions22244448
Card and digital banking fees21234043
Other service charges and fees14152728
Trust services and investment management12122425
Mortgage banking and title income6341156
Deferred compensation income8(17)11(21)
Gain on merger termination22502250
Securities gains (losses), net0016
Other income17173235
Noninterest income400201571430
Noninterest expense    
Personnel expense285265556545
Contributions531572
Net occupancy expense30336164
Computer software28295558
Operations services22234443
Advertising and public relations17103121
Deposit insurance expense1382615
Contract employment and outsourcing12122431
Amortization of intangible assets12132426
Equipment expense10112123
Legal and professional fees12172040
Communications and delivery991819
Other expense52579695
Total noninterest expense5554881,033982
Income (loss) before income taxes425225756479
Income tax expense9648171105
Net income329177585374
Net income attributable to noncontrolling interest4396
Net income attributable to controlling interest325174576368
Preferred stock dividends881616
Net income available to common shareholders317166560352
Net income available to common shareholders$ 317$ 166$ 560$ 352
Basic earnings per common share (in dollars per share)$ 0.59$ 0.31$ 1.04$ 0.66
Diluted earnings per common share (in dollars per share)$ 0.56$ 0.29$ 1.00$ 0.63
Weighted average common shares (in shares)539,120534,604538,035533,915
Diluted average common shares (in shares)560,878569,435562,188559,834

FHN Balance Sheet

2023-06-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Assets  
Cash and due from banks$ 1,137$ 1,061
Interest-bearing deposits with banks4,5231,384
Federal funds sold and securities purchased under agreements to resell282482
Trading securities1,0591,375
Securities available for sale at fair value8,6008,836
Securities held to maturity (fair value of $1,175 and $1,209, respectively)1,3491,371
Loans held for sale (including $95 and $51 at fair value, respectively)789590
Loans and leases61,29558,102
Allowance for loan and lease losses(737)(685)
Net loans and leases60,55857,417
Premises and equipment595612
Goodwill1,5111,511
Other intangible assets210234
Other assets4,4584,080
Total assets85,07178,953
Liabilities  
Noninterest-bearing deposits18,80123,466
Interest-bearing deposits46,63240,023
Total deposits65,43363,489
Trading liabilities174335
Short-term borrowings6,9462,506
Term borrowings1,1561,597
Other liabilities2,4022,479
Total liabilities76,11170,406
Equity  
Preferred stock, Non-cumulative perpetual, no par value; authorized 5,000,000 shares; issued 26,750 and 31,686 shares, respectively5201,014
Common stock, $0.625 par value; authorized 700,000,000 shares; issued 558,659,390 and 537,100,615 shares, respectively349336
Capital surplus5,3254,840
Retained earnings3,8303,430
Accumulated other comprehensive loss, net(1,359)(1,368)
FHN shareholders' equity8,6658,252
Noncontrolling interest295295
Total equity8,9608,547
Total liabilities and equity$ 85,071$ 78,953
D. Bryan Jordan
7870
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.