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FHN

24.68USD-0.02(-0.08%)Market Closed

First Horizon National Corp

Market Summary

USD24.68-0.02Market Closed
-0.08%

FHN Alerts

FHN Stock Price

RSI Chart

Valuation

Market Cap

13.1B

Price/Earnings

15.8

Price/Sales

6.06

Price/Cashflow

10.52

MarketCap/EBT

12.35

Price/Sales

Profitability

EBT Margin

49.07%

Return on Equity

10.03%

Return on Assets

0.97%

Fundamentals

Revenue

Revenue (TTM)

2.4B

Revenue Y/Y

37.52%

Revenue Q/Q

25.73%

Earnings

Earnings (TTM)

861.0M

Earnings Y/Y

14.22%

Earnings Q/Q

52.3%

Price Action

52 Week Range

14.8124.92
(Low)(High)

Last 7 days

-0.4%

Last 30 days

1.4%

Last 90 days

9.2%

Trailing 12 Months

54.1%

Financial Health

Investor Care

Dividend Yield

2.46%

Dividend/Share (TTM)

0.6

Buy Backs (1Y)

0.73%

Diluted EPS (TTM)

1.48

Peers (Alternatives to First Horizon National)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
373.5B
53.2B
6.45% -12.37%
9.57
7.02
-19.87% -18.42%
290.7B
90.7B
-0.03% -18.23%
10.38
3.2
7.11% 1.42%
175.8B
41.7B
-1.37% -3.87%
9.95
4.22
1.39% 3.49%
67.4B
20.1B
3.47% -15.91%
11.79
3.35
15.86% -3.31%
63.7B
15.3B
9.32% -16.26%
9.38
4.55
12.60% -15.83%
13.1B
2.4B
1.36% 54.12%
15.8
6.06
7.09% -15.09%
MID-CAP
10.0B
1.2B
-9.15% 11.32%
20.35
8.17
20.51% 13.63%
8.3B
1.2B
0.20% 1.88%
16.6
7.15
2.17% -28.38%
7.8B
2.3B
6.44% -16.18%
9.03
3.37
0.61% -24.32%
6.3B
1.2B
2.96% -14.10%
11.59
5.89
14.86% 10.25%
2.4B
356.7M
3.05% 13.69%
16.34
6.93
1.80% -6.63%
2.2B
428.0M
0.74% 15.23%
20.03
5.19
-8.68% -46.05%
SMALL-CAP
1.7B
195.6M
1.16% 13.70%
18.49
9.5
12.83% 17.81%
1.6B
637.0M
5.16% -3.64%
7.26
2.7
13.13% 20.37%

Financials for First Horizon National

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue9.3%2,3582,1582,1172,1582,202
Earnings Before Taxes4.5%1,1071,0591,2331,2841,305
Net Income4.0%8618289629991,014
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-5.7%80,29985,13288,66089,09288,537
    Cash Equivalents2.1%1,8831,8451,8651,7881,558
  Net PPE-2.2%622636669665692
  Goodwill0%1,5111,5111,5111,5111,511
Liabilities-6.0%72,01676,58179,96480,59880,005
.    Short Term Borrowings-27.5%1,4161,9531,7192,1242,225
Shareholder's Equity-3.2%7,9888,2568,4018,1998,237
  Retained Earnings5.7%3,2543,0792,9962,8912,753
  Additional Paid-In Capital0.4%4,8124,7914,7694,7434,866
Accumulated Depreciation-407----
Shares Outstanding0.3%535533546--
Minority Interest0%295295295295295
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations97.7%2,4591,2443717411,013
  Share Based Compensation20.4%6554474340
Cashflow From Investing242.2%7,0112,049-391.00-4,617.00-5,991.36
Cashflow From Financing-171.1%-9,145.00-3,373.001964,0164,868
  Dividend Payments-1.2%324328331333335
  Buy Backs-47.7%157300356416272

Risks

What is the probability of a big loss on FHN?

48.1%


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

34.2%


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

19.6%


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.

Returns

Cumulative Returns on FHN

13.1%


10-Year Cumulative Returns

10.8%


7-Year Cumulative Returns

8.0%


5-Year Cumulative Returns

20.8%


3-Year Cumulative Returns

What are the long-term rolling returns for FHN?

FIve years rolling returns for First Horizon National.

Which funds bought or sold FHN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
NEW
-
212,000
212,000
0.22%
2022-11-23
Toroso Investments, LLC
ADDED
12.42
111,000
730,000
0.03%
2022-11-22
B. Riley Wealth Advisors, Inc.
NEW
-
234,000
234,000
0.01%
2022-11-22
Mint Tower Capital Management B.V.
ADDED
84.71
714,000
1,477,000
0.12%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
1,946,000
1,946,000
0.02%
2022-11-21
Parallax Volatility Advisers, L.P.
REDUCED
-46.99
-843,000
1,052,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.87
418,000
15,396,000
0.03%
2022-11-17
M&T Bank Corp
REDUCED
-0.47
79,000
557,000
-%
2022-11-17
Telemetry Investments, L.L.C.
SOLD OFF
-100
-503,000
-
-%
2022-11-17
IMS Capital Management
SOLD OFF
-100
-244,000
-
-%

1–10 of 44

Latest Funds Activity

Are funds buying FHN calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own FHN

First Horizon National News

The Business Journals

TD Bank deal delayed; DoorDash layoffs: The National Observer Dec. 2, 2022.2 days ago

FHN Fair Value

Recent SEC filings of First Horizon National

View All Filings
Date Filed Form Type Document
Nov 10, 2022
4
Insider Trading
Nov 09, 2022
13F-NT
13F-NT
Nov 07, 2022
10-Q
Quarterly Report
Oct 27, 2022
8-K
Current Report
Oct 18, 2022
8-K
Current Report
Sep 13, 2022
4
Insider Trading

Latest Insider Trading transactions for FHN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-30
POPWELL DAVID T
ACQUIRED
2,453,460
17.5703
139,637
President-Specialty Banking
2022-11-30
POPWELL DAVID T
SOLD
-3,455,840
24.7487
-139,637
President-Specialty Banking
2022-11-09
LoCascio Tammy
ACQUIRED
621,825
17.1642
36,228
SEVP, Chief Operating Officer
2022-11-09
LoCascio Tammy
SOLD
-881,620
24.3353
-36,228
SEVP, Chief Operating Officer
2022-09-12
JORDAN D BRYAN
GIFTED
-
-
-1,000
Chairman, President & CEO
2022-07-05
Fleming Jeff L.
SOLD (Taxes)
-14,354.1
22.22
-646
EVP & Chief Accounting Officer
2022-06-09
BYRD DARYL G
SOLD
-4,572,440
22.6433
-201,934
Executive Chairman of Board
2022-06-09
BYRD DARYL G
ACQUIRED
2,650,910
13.1276
201,934
Executive Chairman of Board
2022-06-09
JORDAN D BRYAN
GIFTED
-
-
-107,000
Chairman, President & CEO
2022-06-08
BYRD DARYL G
ACQUIRED
1,817,990
18.279
99,458
Executive Chairman of Board

1–10 of 50

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.

FHN Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income    
Interest and fees on loans and leases$ 617$ 482$ 1,553$ 1,485
Interest and fees on loans held for sale983022
Interest on investment securities463112388
Interest on trading securities1563920
Interest on other earning assets4668211
Total interest income7335331,8271,626
Interest expense    
Interest on deposits43207267
Interest on trading liabilities3194
Interest on short-term borrowings72104
Interest on term borrowings18185355
Total interest expense7141144130
Net interest income6624921,6831,496
Provision for credit losses60(85)50(245)
Net interest income after provision for credit losses6025771,6331,741
Noninterest income    
Fixed income4696170324
Deposit transactions and cash management4344129130
Brokerage, management fees and commissions23247165
Mortgage banking and title income93465126
Card and digital banking fees21216459
Other service charges and fees13124132
Trust services and investment management11133639
Securities gains (losses), net1211812
Deferred compensation income(3)3(24)12
Loss on debt extinguishment0(23)0(23)
Other income38227253
Total noninterest income213247642829
Noninterest expense    
Personnel expense275296820920
Net occupancy expense323396103
Computer software28308587
Operations services22246559
Legal and professional fees10215052
Contract employment and outsourcing12214347
Amortization of intangible assets13143942
Advertising and public relations12143423
Equipment expense11123435
Communications and delivery1092828
Other expense4452156171
Total noninterest expense4695261,4501,567
Income (loss) before income taxes3462988251,003
Income tax expense7863183222
Net income268235642781
Net income attributable to noncontrolling interest3389
Net income attributable to controlling interest265232634772
Preferred stock dividends882429
Net income available to common shareholders$ 257$ 224$ 610$ 743
Basic earnings per common share (in dollars per share)$ 0.48$ 0.41$ 1.14$ 1.35
Diluted earnings per common share (in dollars per share)$ 0.45$ 0.41$ 1.08$ 1.34
Weighted average common shares (in shares)535,986545,818534,613549,434
Diluted average common shares (in shares)570,153549,819563,538554,199

FHN Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets  
Cash and due from banks$ 1,193$ 1,147
Interest-bearing deposits with banks3,24114,907
Federal funds sold and securities purchased under agreements to resell690641
Trading securities1,4211,601
Securities available for sale at fair value8,7188,707
Securities held to maturity (fair value of $1,222 and $705, respectively)1,385712
Loans held for sale (including $89 and $258 at fair value, respectively)6801,172
Loans and leases57,35454,859
Allowance for loan and lease losses(664)(670)
Net loans and leases56,69054,189
Premises and equipment622665
Goodwill1,5111,511
Other intangible assets246298
Other assets3,9023,542
Total assets80,29989,092
Liabilities  
Noninterest-bearing deposits25,81327,883
Interest-bearing deposits40,20247,012
Total deposits66,01574,895
Trading liabilities383426
Short-term borrowings1,4162,124
Term borrowings1,5971,590
Other liabilities2,6051,563
Total liabilities72,01680,598
Equity  
Preferred stock, Non-cumulative perpetual, no par value; authorized 5,000,000 shares; issued 31,686 and 26,750 shares, respectively1,014520
Common stock, $0.625 par value; authorized 700,000,000 shares; issued 536,736,705 and 533,576,766 shares, respectively335333
Capital surplus4,8124,743
Retained earnings3,2542,891
Accumulated other comprehensive loss, net(1,427)(288)
FHN shareholders' equity7,9888,199
Noncontrolling interest295295
Total equity8,2838,494
Total liabilities and equity$ 80,299$ 89,092