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First Horizon National Corp Stock Research

FHN

15.56USD+0.03(+0.19%)Market Closed

Market Summary

USD15.56+0.03
Market Closed
0.19%

FHN Alerts

FHN Stock Price

FHN RSI Chart

FHN Valuation

Market Cap

8.3B

Price/Earnings (Trailing)

9.27

Price/Sales (Trailing)

3.11

EV/EBITDA

1.99

Price/Free Cashflow

3.61

FHN Price/Sales (Trailing)

FHN Profitability

EBT Margin

43.20%

Return on Equity

10.53%

Return on Assets

1.14%

Free Cashflow Yield

27.71%

FHN Fundamentals

FHN Revenue

Revenue (TTM)

2.7B

Revenue Y/Y

60.9%

Revenue Q/Q

16.78%

FHN Earnings

Earnings (TTM)

900.0M

Earnings Y/Y

17.18%

Earnings Q/Q

0.38%

Price Action

52 Week Range

13.4024.92
(Low)(High)

Last 7 days

-26.6%

Last 30 days

-36.6%

Last 90 days

-35.8%

Trailing 12 Months

-31.8%

FHN Financial Health

FHN Investor Care

Dividend Yield

3.86%

Dividend/Share (TTM)

0.6

Buy Backs (1Y)

1.80%

Diluted EPS (TTM)

1.53

Peers (Alternatives to First Horizon National)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
387.2B
128.7B
-10.04% -0.72%
10.28
3.01
5.79% -22.05%
231.7B
95.0B
-20.08% -30.09%
8.42
2.44
6.55% -13.92%
149.2B
54.0B
-19.28% -21.00%
11.32
2.76
36.10% -38.82%
54.5B
17.9B
-27.81% -32.89%
9.36
3.04
33.05% -26.85%
53.3B
21.1B
-22.32% -30.61%
8.73
2.53
9.94% 6.78%
8.3B
2.7B
-36.60% -31.85%
9.27
3.11
24.33% -9.91%
MID-CAP
7.0B
1.5B
-19.15% -23.26%
12.05
4.73
46.29% 30.71%
7.0B
1.4B
-15.84% -11.84%
13.4
5.01
17.98% -15.83%
4.8B
2.7B
-41.49% -51.97%
5.26
1.76
19.32% -19.66%
4.4B
1.4B
-29.93% -40.27%
7.8
3.18
33.23% 6.34%
SMALL-CAP
2.1B
378.2M
-5.46% -7.67%
13.94
5.47
19.24% -3.63%
1.6B
541.8M
-14.17% -19.11%
22.59
3
22.45% -51.22%
1.4B
221.8M
-13.82% -20.18%
11.1
6.11
27.86% 41.07%
1.3B
716.1M
-19.52% -33.30%
6.15
1.87
26.40% 6.70%

Financials for First Horizon National

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue13.8%2,6832,3582,1582,1172,158
EBITDA1.5%3,4153,3633,1153,231-
EBITDA Margin-10.8%1.27*1.43*1.44*1.53*-
Earnings Before Taxes4.7%1,1591,1071,0591,2331,284
EBT Margin-8.0%0.43*0.47*0.49*0.58*-
Interest Expenses8.5%2,1812,0111,9661,994-
Net Income3.8%900867834968999
Net Income Margin-8.8%0.34*0.37*0.38*0.45*-
Free Cahsflow-6.0%2,3112,4591,244371-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-1.7%78,95380,29985,13288,66089,092
    Cash Equivalents-18.1%1,5431,8831,8451,8651,788
  Net PPE-1.6%612622636669665
  Goodwill0%1,5111,5111,5111,5111,511
Liabilities-2.2%70,40672,01676,58179,96480,598
.    Short Term Borrowings77.0%2,5061,4161,9531,7192,124
Shareholder's Equity7.0%8,5477,9888,5518,6978,199
  Retained Earnings5.4%3,4303,2543,0792,9962,891
  Additional Paid-In Capital0.6%4,8404,8124,7914,7694,743
Accumulated Depreciation-407----
Shares Outstanding0.3%536535533--
Minority Interest0%295295295295295
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-6.0%2,3112,4591,244371741
  Share Based Compensation15.4%75.0065.0054.0047.0043.00
Cashflow From Investing18.6%8,3137,0112,049-391-4,617
Cashflow From Financing-18.9%-10,869-9,145-3,3731964,016
  Dividend Payments0%324324328331333
  Buy Backs-92.4%12.00157300356416

Risks for FHN

What is the probability of a big loss on FHN?

48.5%


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

34.6%


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.

Drawdowns

Returns for FHN

Cumulative Returns on FHN

6.1%


10-Year Cumulative Returns

5.8%


7-Year Cumulative Returns

-1.5%


5-Year Cumulative Returns

20.0%


3-Year Cumulative Returns

What are the long-term rolling returns for FHN?

FIve years rolling returns for First Horizon National.

Annualized Returns

Which funds bought or sold FHN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-9.33
-6,064
227,936
0.01%
2023-03-13
Crystalline Management Inc.
new
-
4,781,100
4,781,100
2.40%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-19.26
-456,173
2,895,830
-%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-24.27
-581,000
2,483,000
0.01%
2023-03-06
Aldebaran Financial Inc.
added
0.08
85,366
1,444,370
1.55%
2023-03-01
Lakewood Asset Management LLC
new
-
3,000
3,000
-%
2023-02-28
Voya Investment Management LLC
added
0.4
118,221
1,704,220
-%
2023-02-27
Cravens & Co Advisors, LLC
new
-
241,693
241,693
0.22%
2023-02-27
Parallax Volatility Advisers, L.P.
reduced
-45.69
-440,480
611,520
-%
2023-02-24
NATIXIS
reduced
-88.62
-30,451,000
4,219,000
0.02%

1–10 of 45

Latest Funds Activity

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

First Horizon National News

Investing.com

Toronto-Dominion Bank's $13.4B takeover of First Horizon National ....

Investing.com,
18 days ago

StreetInsider.com

The Motley Fool

Seeking Alpha

The Motley Fool Canada

The Motley Fool Canada

Seeking Alpha

The Motley Fool Canada

Seeking Alpha

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

FHN Fair Value

First Horizon National fair value in different scenarios

The table shows the Fair Value estimates for First Horizon National for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

22.20

42.67%

29.91

92.22%

41.63

167.54%

57.31

268.32%

70.78

354.88%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical First Horizon National Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of First Horizon National

View All Filings
Date Filed Form Type Document
Mar 13, 2023
ARS
ARS
Mar 13, 2023
DEF 14A
DEF 14A
Mar 13, 2023
DEFA14A
DEFA14A
Mar 13, 2023
DEFA14A
DEFA14A
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 01, 2023
10-K
Annual Report

Latest Insider Trading transactions for FHN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-02
POPWELL DAVID T
sold (taxes)
-110,314
21.84
-5,051
president-specialty banking
2023-03-02
LoCascio Tammy
sold (taxes)
-39,028
21.84
-1,787
sevp, chief operating officer
2023-03-02
Springfield Susan L
sold (taxes)
-64,340
21.84
-2,946
sr evp & chief credit officer
2023-03-02
Fleming Jeff L.
sold (taxes)
-24,329
21.84
-1,114
evp & chief accounting officer
2023-03-02
JORDAN D BRYAN
sold (taxes)
-270,270
21.84
-12,375
chairman, president & ceo
2023-02-27
JORDAN D BRYAN
acquired
512,349
11.62
44,092
chairman, president & ceo
2023-02-24
JORDAN D BRYAN
acquired
1,082,480
11.62
93,157
chairman, president & ceo
2023-02-24
JORDAN D BRYAN
sold
-2,310,290
24.8
-93,157
chairman, president & ceo
2023-02-02
AKINS TERRY LAWSON
acquired
75,150
16.01
4,694
sr. evp, chief risk officer
2023-02-02
AKINS TERRY LAWSON
sold
-115,820
24.674
-4,694
sr. evp, chief risk officer

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

2022-12-31
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income   
Interest and fees on loans and leases$ 2,292$ 1,957$ 1,722
Interest and fees on loans held for sale393330
Interest on investment securities198121105
Interest on trading securities583035
Interest on other earning assets96176
Total interest income2,6832,1581,898
Interest expense:   
Interest on deposits18481152
Interest on trading liabilities1266
Interest on short-term borrowings23514
Interest on term borrowings727264
Total interest expense291164236
Net interest income2,3921,9941,662
Provision for credit losses95(310)503
Net interest income after provision for credit losses2,2972,3041,159
Noninterest income   
Fixed income205406423
Deposit transactions and cash management171175148
Brokerage, management fees and commissions928866
Card and digital banking fees847860
Mortgage banking and title income68154129
Other service charges and fees544426
Trust services and investment management485139
Securities gains (losses), net1813(6)
Purchase accounting gain0(1)533
Other income756874
Total noninterest income8151,0761,492
Noninterest expense   
Personnel expense1,1011,2101,033
Net occupancy expense128137116
Computer software11311685
Operations services878056
Legal and professional fees626884
Contract employment and outsourcing546724
Amortization of intangible assets515640
Advertising and public relations503718
Equipment expense454742
Communications and delivery373731
Contributions71441
Impairment of long-lived assets0347
Other expense218193141
Total noninterest expense1,9532,0961,718
Income before income taxes1,1591,284933
Income tax expense24727476
Net income (loss)9121,010857
Net income attributable to noncontrolling interest121112
Net income attributable to controlling interest900999845
Preferred stock dividends323723
Net income available to common shareholders868962822
Net income available to common shareholders$ 868$ 962$ 822
Basic earnings per share (in dollars per share)$ 1.62$ 1.76$ 1.90
Diluted earnings per share (in dollars per share)$ 1.53$ 1.74$ 1.89
Weighted average common shares (in shares)535,033546,354432,125
Diluted average common shares (in shares)566,004551,241433,717

FHN Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets  
Cash and due from banks$ 1,061$ 1,147
Interest-bearing deposits with banks1,38414,907
Federal funds sold and securities purchased under agreements to resell482641
Trading securities1,3751,601
Securities available for sale at fair value8,8368,707
Securities held to maturity (fair value of $1,209 and $705, respectively)1,371712
Loans held for sale (including $51 and $258 at fair value, respectively)5901,172
Loans and leases58,10254,859
Allowance for loan and lease losses(685)(670)
Net loans and leases57,41754,189
Premises and equipment612665
Goodwill1,5111,511
Other intangible assets234298
Other assets4,0803,542
Total assets78,95389,092
Liabilities  
Noninterest-bearing deposits23,46627,883
Interest-bearing deposits40,02347,012
Total deposits63,48974,895
Trading liabilities335426
Short-term borrowings2,5062,124
Term borrowings1,5971,590
Other liabilities2,4791,563
Total liabilities70,40680,598
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, $0.625 par value; authorized 700,000,000 shares; issued 537,100,615 and 533,576,766 shares, respectively336333
Capital surplus4,8404,743
Retained earnings3,4302,891
Accumulated other comprehensive loss, net(1,368)(288)
FHN shareholders' equity8,2528,199
Noncontrolling interest295295
Total equity8,5478,494
Total liabilities and equity$ 78,953$ 89,092