Market Summary
USD15.56+0.03
Market Closed0.19%
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
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
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 | 387.2B | 128.7B | -10.04% | -0.72% | 10.28 | 3.01 | 5.79% | -22.05% |
BAC | 231.7B | 95.0B | -20.08% | -30.09% | 8.42 | 2.44 | 6.55% | -13.92% |
WFC | 149.2B | 54.0B | -19.28% | -21.00% | 11.32 | 2.76 | 36.10% | -38.82% |
USB | 54.5B | 17.9B | -27.81% | -32.89% | 9.36 | 3.04 | 33.05% | -26.85% |
PNC | 53.3B | 21.1B | -22.32% | -30.61% | 8.73 | 2.53 | 9.94% | 6.78% |
FHN | 8.3B | 2.7B | -36.60% | -31.85% | 9.27 | 3.11 | 24.33% | -9.91% |
| MID-CAP | ||||||||
CFR | 7.0B | 1.5B | -19.15% | -23.26% | 12.05 | 4.73 | 46.29% | 30.71% |
BOKF | 7.0B | 1.4B | -15.84% | -11.84% | 13.4 | 5.01 | 17.98% | -15.83% |
ZION | 4.8B | 2.7B | -41.49% | -51.97% | 5.26 | 1.76 | 19.32% | -19.66% |
PNFP | 4.4B | 1.4B | -29.93% | -40.27% | 7.8 | 3.18 | 33.23% | 6.34% |
| SMALL-CAP | ||||||||
PRK | 2.1B | 378.2M | -5.46% | -7.67% | 13.94 | 5.47 | 19.24% | -3.63% |
TRMK | 1.6B | 541.8M | -14.17% | -19.11% | 22.59 | 3 | 22.45% | -51.22% |
WABC | 1.4B | 221.8M | -13.82% | -20.18% | 11.1 | 6.11 | 27.86% | 41.07% |
HOPE | 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) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 13.8% | 2,683 | 2,358 | 2,158 | 2,117 | 2,158 |
| EBITDA | 1.5% | 3,415 | 3,363 | 3,115 | 3,231 | - |
| EBITDA Margin | -10.8% | 1.27* | 1.43* | 1.44* | 1.53* | - |
| Earnings Before Taxes | 4.7% | 1,159 | 1,107 | 1,059 | 1,233 | 1,284 |
| EBT Margin | -8.0% | 0.43* | 0.47* | 0.49* | 0.58* | - |
| Interest Expenses | 8.5% | 2,181 | 2,011 | 1,966 | 1,994 | - |
| Net Income | 3.8% | 900 | 867 | 834 | 968 | 999 |
| Net Income Margin | -8.8% | 0.34* | 0.37* | 0.38* | 0.45* | - |
| Free Cahsflow | -6.0% | 2,311 | 2,459 | 1,244 | 371 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -1.7% | 78,953 | 80,299 | 85,132 | 88,660 | 89,092 |
| Cash Equivalents | -18.1% | 1,543 | 1,883 | 1,845 | 1,865 | 1,788 |
| Net PPE | -1.6% | 612 | 622 | 636 | 669 | 665 |
| Goodwill | 0% | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 |
| Liabilities | -2.2% | 70,406 | 72,016 | 76,581 | 79,964 | 80,598 |
| . Short Term Borrowings | 77.0% | 2,506 | 1,416 | 1,953 | 1,719 | 2,124 |
| Shareholder's Equity | 7.0% | 8,547 | 7,988 | 8,551 | 8,697 | 8,199 |
| Retained Earnings | 5.4% | 3,430 | 3,254 | 3,079 | 2,996 | 2,891 |
| Additional Paid-In Capital | 0.6% | 4,840 | 4,812 | 4,791 | 4,769 | 4,743 |
| Accumulated Depreciation | - | 407 | - | - | - | - |
| Shares Outstanding | 0.3% | 536 | 535 | 533 | - | - |
| Minority Interest | 0% | 295 | 295 | 295 | 295 | 295 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -6.0% | 2,311 | 2,459 | 1,244 | 371 | 741 |
| Share Based Compensation | 15.4% | 75.00 | 65.00 | 54.00 | 47.00 | 43.00 |
| Cashflow From Investing | 18.6% | 8,313 | 7,011 | 2,049 | -391 | -4,617 |
| Cashflow From Financing | -18.9% | -10,869 | -9,145 | -3,373 | 196 | 4,016 |
| Dividend Payments | 0% | 324 | 324 | 328 | 331 | 333 |
| Buy Backs | -92.4% | 12.00 | 157 | 300 | 356 | 416 |
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 ascending | Fund Name | Type | % 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% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
First Horizon National News
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 |
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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very 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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 |
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
2022-12-31Consolidated 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 sale | 39 | 33 | 30 |
| Interest on investment securities | 198 | 121 | 105 |
| Interest on trading securities | 58 | 30 | 35 |
| Interest on other earning assets | 96 | 17 | 6 |
| Total interest income | 2,683 | 2,158 | 1,898 |
| Interest expense: | |||
| Interest on deposits | 184 | 81 | 152 |
| Interest on trading liabilities | 12 | 6 | 6 |
| Interest on short-term borrowings | 23 | 5 | 14 |
| Interest on term borrowings | 72 | 72 | 64 |
| Total interest expense | 291 | 164 | 236 |
| Net interest income | 2,392 | 1,994 | 1,662 |
| Provision for credit losses | 95 | (310) | 503 |
| Net interest income after provision for credit losses | 2,297 | 2,304 | 1,159 |
| Noninterest income | |||
| Fixed income | 205 | 406 | 423 |
| Deposit transactions and cash management | 171 | 175 | 148 |
| Brokerage, management fees and commissions | 92 | 88 | 66 |
| Card and digital banking fees | 84 | 78 | 60 |
| Mortgage banking and title income | 68 | 154 | 129 |
| Other service charges and fees | 54 | 44 | 26 |
| Trust services and investment management | 48 | 51 | 39 |
| Securities gains (losses), net | 18 | 13 | (6) |
| Purchase accounting gain | 0 | (1) | 533 |
| Other income | 75 | 68 | 74 |
| Total noninterest income | 815 | 1,076 | 1,492 |
| Noninterest expense | |||
| Personnel expense | 1,101 | 1,210 | 1,033 |
| Net occupancy expense | 128 | 137 | 116 |
| Computer software | 113 | 116 | 85 |
| Operations services | 87 | 80 | 56 |
| Legal and professional fees | 62 | 68 | 84 |
| Contract employment and outsourcing | 54 | 67 | 24 |
| Amortization of intangible assets | 51 | 56 | 40 |
| Advertising and public relations | 50 | 37 | 18 |
| Equipment expense | 45 | 47 | 42 |
| Communications and delivery | 37 | 37 | 31 |
| Contributions | 7 | 14 | 41 |
| Impairment of long-lived assets | 0 | 34 | 7 |
| Other expense | 218 | 193 | 141 |
| Total noninterest expense | 1,953 | 2,096 | 1,718 |
| Income before income taxes | 1,159 | 1,284 | 933 |
| Income tax expense | 247 | 274 | 76 |
| Net income (loss) | 912 | 1,010 | 857 |
| Net income attributable to noncontrolling interest | 12 | 11 | 12 |
| Net income attributable to controlling interest | 900 | 999 | 845 |
| Preferred stock dividends | 32 | 37 | 23 |
| Net income available to common shareholders | 868 | 962 | 822 |
| 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) | 535,033 | 546,354 | 432,125 |
| Diluted average common shares (in shares) | 566,004 | 551,241 | 433,717 |
FHN Balance Sheet
2022-12-31Consolidated 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 banks | 1,384 | 14,907 |
| Federal funds sold and securities purchased under agreements to resell | 482 | 641 |
| Trading securities | 1,375 | 1,601 |
| Securities available for sale at fair value | 8,836 | 8,707 |
| Securities held to maturity (fair value of $1,209 and $705, respectively) | 1,371 | 712 |
| Loans held for sale (including $51 and $258 at fair value, respectively) | 590 | 1,172 |
| Loans and leases | 58,102 | 54,859 |
| Allowance for loan and lease losses | (685) | (670) |
| Net loans and leases | 57,417 | 54,189 |
| Premises and equipment | 612 | 665 |
| Goodwill | 1,511 | 1,511 |
| Other intangible assets | 234 | 298 |
| Other assets | 4,080 | 3,542 |
| Total assets | 78,953 | 89,092 |
| Liabilities | ||
| Noninterest-bearing deposits | 23,466 | 27,883 |
| Interest-bearing deposits | 40,023 | 47,012 |
| Total deposits | 63,489 | 74,895 |
| Trading liabilities | 335 | 426 |
| Short-term borrowings | 2,506 | 2,124 |
| Term borrowings | 1,597 | 1,590 |
| Other liabilities | 2,479 | 1,563 |
| Total liabilities | 70,406 | 80,598 |
| Equity | ||
| Preferred stock, Non-cumulative perpetual, no par value; authorized 5,000,000 shares; issued 31,686 and 26,750 shares, respectively | 1,014 | 520 |
| Common stock, $0.625 par value; authorized 700,000,000 shares; issued 537,100,615 and 533,576,766 shares, respectively | 336 | 333 |
| Capital surplus | 4,840 | 4,743 |
| Retained earnings | 3,430 | 2,891 |
| Accumulated other comprehensive loss, net | (1,368) | (288) |
| FHN shareholders' equity | 8,252 | 8,199 |
| Noncontrolling interest | 295 | 295 |
| Total equity | 8,547 | 8,494 |
| Total liabilities and equity | $ 78,953 | $ 89,092 |