Market Summary
USD10.64-0.38
Market Closed-3.45%
FHN Stock Price
FHN RSI Chart
FHN Valuation
FHN Price/Sales (Trailing)
FHN Profitability
FHN Fundamentals
FHN Revenue
FHN Earnings
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
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for FHN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 |
Which funds bought or sold FHN recently?
View All Details| Datesorted ascending | Fund Name | Type | % 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 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of First Horizon National
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
JPM | 423.2B | 173.2B | -2.12% | 37.83% | 8.85 | 2.44 | 35.92% | 22.61% |
BAC | 212.4B | 110.0B | -4.93% | -9.59% | 7.13 | 1.93 | 51.38% | 6.30% |
WFC | 146.6B | 72.5B | -1.64% | 1.54% | 8.98 | 2.02 | 73.83% | -8.32% |
USB | 49.3B | 25.2B | -9.13% | -18.83% | 8.5 | 1.96 | 79.85% | -14.63% |
PNC | 48.1B | 22.9B | 1.90% | -17.74% | 7.54 | 2.1 | 38.72% | 11.55% |
FHN | 5.7B | 3.5B | -11.56% | -51.58% | 5.16 | 1.63 | 63.30% | 33.69% |
| MID-CAP | ||||||||
CFR | 6.6B | 2.0B | -3.76% | -31.79% | 10.07 | 3.77 | 87.42% | 64.02% |
BOKF | 6.0B | 1.9B | -3.11% | -8.89% | 9.38 | 3.15 | 63.51% | 27.47% |
PNFP | 5.1B | 1.9B | 0.60% | -17.09% | 8.28 | 2.7 | 77.79% | 14.10% |
ZION | 5.0B | 3.4B | -0.29% | -31.54% | 5.64 | 1.44 | 49.65% | 2.44% |
| SMALL-CAP | ||||||||
PRK | 1.5B | 434.3M | -6.99% | -23.91% | 10.88 | 3.52 | 26.93% | -3.25% |
TRMK | 1.3B | 738.4M | -6.01% | -29.59% | 12.79 | 1.8 | 72.51% | -6.48% |
WABC | 1.2B | 270.1M | -1.21% | -17.36% | 7.45 | 4.27 | 51.23% | 68.79% |
HOPE | 1.0B | 919.0M | -8.39% | -29.25% | 5.73 | 1.14 | 55.57% | -16.98% |
First Horizon National News
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) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 14.0% | 3,524 | 3,092 | 2,683 | 2,358 | 2,158 | 2,117 | 2,158 | 2,202 | 2,267 | 2,071 | 1,898 | 1,726 | 1,535 | 1,601 | 1,624 | 1,237 | 1,482 | 1,508 | 1,546 | 1,902 | 1,571 |
| EBITDA | -100.0% | - | 3,837 | 3,551 | 3,363 | 3,115 | 3,231 | 3,306 | 3,338 | 3,613 | 3,114 | 2,641 | 2,286 | 1,693 | 1,763 | 1,861 | 1,825 | 2,034 | 1,995 | 1,994 | - | - |
| 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 Expenses | 3.4% | 2,689 | 2,601 | 2,392 | 2,181 | 2,011 | 1,966 | 1,994 | 2,019 | 2,059 | 1,867 | 1,662 | 1,451 | 1,220 | 1,218 | 1,210 | 1,201 | 1,206 | 1,213 | 1,220 | 1,160 | 1,064 |
| Earnings Before Taxes | 16.2% | 1,436 | 1,236 | 1,159 | 1,107 | 1,059 | 1,233 | 1,284 | 1,305 | 1,548 | 1,219 | 933 | 790 | 398 | 477 | 586 | 553 | 762 | 720 | 714 | 615 | 342 |
| 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 Income | 15.7% | 1,111 | 960 | 900 | 864 | 831 | 968 | 999 | 1,020 | 1,324 | 1,070 | 845 | 727 | 303 | 359 | 441 | 426 | 587 | 559 | 545 | 402 | 199 |
| 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% | - | 1,548 | 2,311 | 2,459 | 1,244 | 371 | 741 | 1,013 | 1,690 | 2,597 | 133 | -198 | -58.87 | -731 | 791 | 1,043 | 499 | 522 | 195 | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 5.4% | 85,071 | 80,729 | 78,953 | 80,299 | 85,132 | 88,660 | 89,092 | 88,537 | 87,908 | 87,513 | 84,209 | 83,030 | 48,645 | 47,197 | 43,311 | 43,718 | 42,172 | 41,099 | 40,832 | 40,636 | 41,077 |
| Cash Equivalents | 9.5% | 1,419 | 1,296 | 1,543 | 1,883 | 1,845 | 1,865 | 1,788 | 1,558 | 1,925 | 1,689 | 1,648 | 1,668 | 1,020 | 1,130 | 1,267 | 1,496 | 1,250 | 1,213 | 1,405 | 1,443 | - |
| Net PPE | -1.3% | 595 | 603 | 612 | 622 | 636 | 669 | 665 | 692 | 714 | 719 | 759 | 756 | 448 | 448 | 455 | 452 | 454 | 484 | 494 | 506 | 525 |
| Goodwill | 0% | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,510 | 1,511 | 1,511 | 1,433 | 1,433 | 1,433 | 1,433 | 1,433 | 1,410 | 1,409 |
| Liabilities | 6.0% | 76,111 | 71,834 | 70,406 | 72,016 | 76,581 | 79,964 | 80,598 | 80,005 | 79,343 | 79,206 | 75,902 | 74,885 | 43,436 | 42,142 | 38,235 | 38,722 | 37,246 | 36,252 | 36,047 | 35,894 | 36,527 |
| Short Term Borrowings | 7.1% | 6,946 | 6,484 | 2,506 | 1,416 | 1,953 | 1,719 | 2,124 | 2,225 | 2,246 | 2,203 | 2,198 | 2,142 | - | - | 3,518 | - | - | - | - | - | - |
| Shareholder's Equity | -2.6% | 8,665 | 8,895 | 8,252 | 7,988 | 8,551 | 8,697 | 8,494 | 8,532 | 8,565 | 8,307 | 8,307 | 8,144 | 5,208 | 5,056 | 5,076 | 4,996 | 4,926 | 4,847 | 4,786 | 4,742 | 4,550 |
| Retained Earnings | 6.5% | 3,830 | 3,595 | 3,430 | 3,254 | 3,079 | 2,996 | 2,891 | 2,753 | 2,612 | 2,402 | 2,261 | 2,111 | 1,672 | 1,667 | 1,798 | 1,726 | 1,661 | 1,596 | 1,542 | 1,485 | 1,254 |
| Additional Paid-In Capital | 9.5% | 5,325 | 4,863 | 4,840 | 4,812 | 4,791 | 4,769 | 4,743 | 4,866 | 4,997 | 5,036 | 5,074 | 5,061 | 2,941 | 2,939 | 2,931 | 2,925 | 2,942 | 2,984 | 3,029 | 3,101 | 3,114 |
| Shares Outstanding | 0.4% | 539 | 537 | - | 536 | 535 | 533 | - | 546 | 550 | 552 | - | 550 | 312 | 312 | - | 312 | 314 | 317 | - | 324 | 325 |
| Minority Interest | 0% | 295 | 295 | 295 | 295 | 295 | 295 | 295 | 295 | 295 | 295 | 295 | 295 | 295 | 295 | 295 | 295 | 295 | 295 | 295 | 295 | 295 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -33.5% | 1,029 | 1,548 | 2,311 | 2,459 | 1,244 | 371 | 741 | 1,013 | 1,690 | 2,636 | 172 | -159 | -20.29 | -692 | 830 | 1,081 | 537 | 561 | 234 | 152 | 461 |
| Share Based Compensation | -38.6% | 51.00 | 83.00 | 75.00 | 65.00 | 54.00 | 47.00 | 43.00 | 40.00 | 43.00 | 35.00 | 32.00 | 29.00 | 21.00 | 24.00 | 22.00 | 22.00 | 22.00 | 23.00 | 23.00 | 23.00 | 22.00 |
| Cashflow From Investing | -108.4% | -513 | 6,137 | 8,313 | 7,011 | 2,049 | -391 | -4,617 | -5,991 | -3,687 | -6,557 | -4,967 | -3,393 | -6,517 | -4,779 | -2,390 | -3,310 | -1,047 | -881 | 480 | 282 | -860 |
| Cashflow From Financing | 88.6% | -942 | -8,254 | -10,869 | -9,145 | -3,373 | 196 | 4,016 | 4,868 | 2,902 | 4,480 | 5,176 | 3,726 | 6,308 | 5,389 | 1,422 | 2,282 | 282 | 100 | -761 | -77.67 | 797 |
| Dividend Payments | 1.2% | 329 | 325 | 324 | 324 | 328 | 331 | 333 | 335 | 297 | 262 | 222 | 183 | 179 | 176 | 171 | 167 | 162 | 156 | 139 | 121 | 103 |
| Buy Backs | -20.0% | 12.00 | 15.00 | 12.00 | 157 | 300 | 356 | 416 | 272 | 127 | 64.00 | 4.00 | 4.00 | 31.00 | 83.00 | 134 | 215 | 206 | 156 | 105 | 24.00 | 5.00 |
FHN Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Millions | 3 Months Ended | 6 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 sale | 14 | 10 | 24 | 20 |
| Interest on investment securities | 63 | 45 | 125 | 83 |
| Interest on trading securities | 18 | 13 | 38 | 24 |
| Interest on other earning assets | 43 | 23 | 64 | 31 |
| Total interest income | 1,015 | 583 | 1,934 | 1,094 |
| Interest expense | ||||
| Interest on deposits | 265 | 18 | 436 | 29 |
| Interest on trading liabilities | 2 | 4 | 5 | 6 |
| Interest on short-term borrowings | 99 | 2 | 136 | 3 |
| Interest on term borrowings | 19 | 17 | 39 | 35 |
| Total interest expense | 385 | 41 | 616 | 73 |
| Net interest income | 630 | 542 | 1,318 | 1,021 |
| Provision for credit losses | 50 | 30 | 100 | (10) |
| Net interest income after provision for credit losses | 580 | 512 | 1,218 | 1,031 |
| Noninterest income | ||||
| Deposit transactions and cash management | 45 | 42 | 87 | 86 |
| Fixed income | 30 | 51 | 69 | 124 |
| Brokerage, management fees and commissions | 22 | 24 | 44 | 48 |
| Card and digital banking fees | 21 | 23 | 40 | 43 |
| Other service charges and fees | 14 | 15 | 27 | 28 |
| Trust services and investment management | 12 | 12 | 24 | 25 |
| Mortgage banking and title income | 6 | 34 | 11 | 56 |
| Deferred compensation income | 8 | (17) | 11 | (21) |
| Gain on merger termination | 225 | 0 | 225 | 0 |
| Securities gains (losses), net | 0 | 0 | 1 | 6 |
| Other income | 17 | 17 | 32 | 35 |
| Noninterest income | 400 | 201 | 571 | 430 |
| Noninterest expense | ||||
| Personnel expense | 285 | 265 | 556 | 545 |
| Contributions | 53 | 1 | 57 | 2 |
| Net occupancy expense | 30 | 33 | 61 | 64 |
| Computer software | 28 | 29 | 55 | 58 |
| Operations services | 22 | 23 | 44 | 43 |
| Advertising and public relations | 17 | 10 | 31 | 21 |
| Deposit insurance expense | 13 | 8 | 26 | 15 |
| Contract employment and outsourcing | 12 | 12 | 24 | 31 |
| Amortization of intangible assets | 12 | 13 | 24 | 26 |
| Equipment expense | 10 | 11 | 21 | 23 |
| Legal and professional fees | 12 | 17 | 20 | 40 |
| Communications and delivery | 9 | 9 | 18 | 19 |
| Other expense | 52 | 57 | 96 | 95 |
| Total noninterest expense | 555 | 488 | 1,033 | 982 |
| Income (loss) before income taxes | 425 | 225 | 756 | 479 |
| Income tax expense | 96 | 48 | 171 | 105 |
| Net income | 329 | 177 | 585 | 374 |
| Net income attributable to noncontrolling interest | 4 | 3 | 9 | 6 |
| Net income attributable to controlling interest | 325 | 174 | 576 | 368 |
| Preferred stock dividends | 8 | 8 | 16 | 16 |
| Net income available to common shareholders | 317 | 166 | 560 | 352 |
| 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) | 539,120 | 534,604 | 538,035 | 533,915 |
| Diluted average common shares (in shares) | 560,878 | 569,435 | 562,188 | 559,834 |
FHN Balance Sheet
2023-06-30CONSOLIDATED 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 banks | 4,523 | 1,384 |
| Federal funds sold and securities purchased under agreements to resell | 282 | 482 |
| Trading securities | 1,059 | 1,375 |
| Securities available for sale at fair value | 8,600 | 8,836 |
| Securities held to maturity (fair value of $1,175 and $1,209, respectively) | 1,349 | 1,371 |
| Loans held for sale (including $95 and $51 at fair value, respectively) | 789 | 590 |
| Loans and leases | 61,295 | 58,102 |
| Allowance for loan and lease losses | (737) | (685) |
| Net loans and leases | 60,558 | 57,417 |
| Premises and equipment | 595 | 612 |
| Goodwill | 1,511 | 1,511 |
| Other intangible assets | 210 | 234 |
| Other assets | 4,458 | 4,080 |
| Total assets | 85,071 | 78,953 |
| Liabilities | ||
| Noninterest-bearing deposits | 18,801 | 23,466 |
| Interest-bearing deposits | 46,632 | 40,023 |
| Total deposits | 65,433 | 63,489 |
| Trading liabilities | 174 | 335 |
| Short-term borrowings | 6,946 | 2,506 |
| Term borrowings | 1,156 | 1,597 |
| Other liabilities | 2,402 | 2,479 |
| Total liabilities | 76,111 | 70,406 |
| Equity | ||
| Preferred stock, Non-cumulative perpetual, no par value; authorized 5,000,000 shares; issued 26,750 and 31,686 shares, respectively | 520 | 1,014 |
| Common stock, $0.625 par value; authorized 700,000,000 shares; issued 558,659,390 and 537,100,615 shares, respectively | 349 | 336 |
| Capital surplus | 5,325 | 4,840 |
| Retained earnings | 3,830 | 3,430 |
| Accumulated other comprehensive loss, net | (1,359) | (1,368) |
| FHN shareholders' equity | 8,665 | 8,252 |
| Noncontrolling interest | 295 | 295 |
| Total equity | 8,960 | 8,547 |
| Total liabilities and equity | $ 85,071 | $ 78,953 |
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.