First Financial Statements From 2010 to 2026

FHN Stock  USD 24.13  0.23  0.96%   
First Horizon's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing First Horizon's valuation are provided below:
Gross Profit
3.2 B
Profit Margin
0.2783
Market Capitalization
12.3 B
Enterprise Value Revenue
4.7912
Revenue
3.2 B
We have found one hundred twenty available fundamental signals for First Horizon National, which can be analyzed and compared to other ratios and to its rivals. Self-guided Investors are advised to verify First Horizon's prevailing fundamentals against the trend between 2010 and 2026 to make sure the company can sustain itself down the road. As of the 5th of January 2026, Market Cap is likely to drop to about 2.5 B

First Horizon Total Revenue

5.96 Billion

Check First Horizon financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among First Horizon's main balance sheet or income statement drivers, such as Interest Expense of 2.2 B, Other Operating Expenses of 4.7 B or Operating Income of 1.2 B, as well as many indicators such as Price To Sales Ratio of 1.5, Dividend Yield of 0.0448 or PTB Ratio of 1.97. First financial statements analysis is a perfect complement when working with First Horizon Valuation or Volatility modules.
  
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Check out the analysis of First Horizon Correlation against competitors.

First Horizon Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets99.2 B94.5 B52.7 B
Slightly volatile
Common Stock Shares Outstanding657.2 M625.9 M375.6 M
Slightly volatile
Short and Long Term Debt Total4.7 B5.3 B3.4 B
Slightly volatile
Total Current Liabilities84 B80 B24.4 B
Slightly volatile
Total Stockholder Equity10.6 B10.1 B5.3 B
Slightly volatile
Property Plant And Equipment Net366.6 M660.1 M445.8 M
Slightly volatile
Retained Earnings5.3 BB2.2 B
Slightly volatile
CashB2.8 BB
Slightly volatile
Non Current Assets Total88.4 B84.2 B28.4 B
Slightly volatile
Cash And Short Term Investments10.8 B10.3 B7.9 B
Slightly volatile
Short Term Investments7.8 B7.5 B5.4 B
Slightly volatile
Liabilities And Stockholders Equity99.2 B94.5 B52.7 B
Slightly volatile
Non Current Liabilities Total2.6 BB2.1 B
Slightly volatile
Other Stockholder Equity5.8 B5.5 B3.2 B
Slightly volatile
Total Liabilities88.2 B84 B47.1 B
Slightly volatile
Total Current Assets8.4 B10.3 B14 B
Pretty Stable
Short Term DebtB3.1 B1.6 B
Slightly volatile
Net Receivables69.2 B65.9 B24.8 B
Slightly volatile
Intangible Assets122.3 M128.7 M154.9 M
Pretty Stable
Other Current Assets4.1 B4.3 B11.3 B
Slightly volatile
Property Plant And Equipment Gross1.4 B1.3 B659.2 M
Slightly volatile
Common Stock Total Equity405.7 M386.4 M238.9 M
Slightly volatile
Common Stock396.1 M377.2 M238.1 M
Slightly volatile
Other Liabilities1.2 BB1.1 B
Very volatile
Accounts Payable76.7 B73 B30.2 B
Slightly volatile
Long Term Debt1.7 B1.1 B1.7 B
Slightly volatile
Good Will1.8 B1.7 B964.8 M
Slightly volatile
Property Plant Equipment1.1 BB572.7 M
Slightly volatile
Net Tangible Assets3.5 B6.3 B3.6 B
Slightly volatile
Long Term Debt Total1.6 B1.1 BB
Slightly volatile
Capital Surpluse3.4 B5.5 B3.1 B
Slightly volatile
Long Term Investments15.1 B9.5 B18 B
Slightly volatile
Non Current Liabilities Other3.2 B2.2 B3.6 B
Pretty Stable
Short and Long Term Debt1.5 B1.2 B1.2 B
Slightly volatile
Earning Assets33.5 B31.9 B15.7 B
Slightly volatile
Net Invested Capital10.5 B12.2 B9.1 B
Slightly volatile
Capital Stock821.5 M867.1 M545.6 M
Slightly volatile

First Horizon Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Interest Expense2.2 B2.1 B585.1 M
Slightly volatile
Other Operating Expenses4.7 B4.5 BB
Slightly volatile
EBITDA1.3 B1.3 B685.5 M
Slightly volatile
Total Operating Expenses1.1 B2.2 B1.3 B
Slightly volatile
Depreciation And Amortization96.6 M90.9 M74.3 M
Slightly volatile
Selling General Administrative769.9 M1.4 B840 M
Slightly volatile
Total RevenueB5.7 B2.7 B
Slightly volatile
Gross Profit3.6 B3.4 BB
Slightly volatile
Selling And Marketing Expenses33.7 M55.2 M30.4 M
Slightly volatile
Preferred Stock And Other Adjustments38.6 M36.8 M17.2 M
Slightly volatile
Non Recurring14.2 M10.9 M15.5 M
Slightly volatile
Tax Provision179.9 M242.7 M124.3 M
Slightly volatile
Net Interest Income1.7 B2.9 B1.4 B
Slightly volatile
Interest Income5.3 BBB
Slightly volatile
Reconciled Depreciation81.7 M116.2 M64.5 M
Slightly volatile

First Horizon Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow1.3 BB1.3 B
Slightly volatile
Depreciation97.1 M90.9 M75.4 M
Slightly volatile
Dividends Paid435.9 M415.1 M188.8 M
Slightly volatile
Capital Expenditures53 M50.6 M41.8 M
Slightly volatile
End Period Cash Flow1.3 B1.8 B1.3 B
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.51.982.246
Pretty Stable
Dividend Yield0.04480.03820.0374
Pretty Stable
PTB Ratio1.971.421.2366
Pretty Stable
Days Sales Outstanding7.177.5417.7856
Slightly volatile
Book Value Per Share8.915.1813.3528
Slightly volatile
Stock Based Compensation To Revenue0.00860.01080.0112
Slightly volatile
Capex To Depreciation0.610.50.62
Very volatile
PB Ratio1.971.421.2366
Pretty Stable
Sales General And Administrative To Revenue0.260.230.369
Slightly volatile
Capex To Revenue0.00970.01020.0208
Slightly volatile
Cash Per Share10.2714.8921.2893
Pretty Stable
Intangibles To Total Assets0.01540.01810.0186
Slightly volatile
Current Ratio0.130.120.1987
Slightly volatile
Tangible Book Value Per Share6.5812.4210.7424
Slightly volatile
Receivables Turnover52.5850.0837.6112
Slightly volatile
Graham Number13.7120.6516.6939
Slightly volatile
Shareholders Equity Per Share8.5114.6812.5174
Slightly volatile
Debt To Equity0.570.61.0217
Slightly volatile
Capex Per Share0.0890.09360.1303
Slightly volatile
Revenue Per Share11.010.516.9157
Slightly volatile
Interest Debt Per Share13.0113.712.7777
Slightly volatile
Debt To Assets0.06110.06430.0939
Slightly volatile
Operating Cycle7.177.5417.7856
Slightly volatile
Price Book Value Ratio1.971.421.2366
Pretty Stable
Company Equity Multiplier13.9910.7210.9136
Slightly volatile
Long Term Debt To Capitalization0.10.110.2441
Slightly volatile
Total Debt To Capitalization0.690.390.4854
Slightly volatile
Debt Equity Ratio0.570.61.0217
Slightly volatile
Quick Ratio0.130.120.1987
Slightly volatile
Net Income Per E B T0.590.690.7594
Pretty Stable
Cash Ratio0.07920.04040.0721
Pretty Stable
Cash Conversion Cycle7.177.5417.7856
Slightly volatile
Days Of Sales Outstanding7.177.5417.7856
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio1.261.110.9898
Pretty Stable
Price To Book Ratio1.971.421.2366
Pretty Stable
Fixed Asset Turnover7.419.895.6735
Slightly volatile
Debt Ratio0.06110.06430.0939
Slightly volatile
Price Sales Ratio1.51.982.246
Pretty Stable
Asset Turnover0.08880.06910.0561
Very volatile
Gross Profit Margin0.580.540.7852
Slightly volatile
Price Fair Value1.971.421.2366
Pretty Stable

First Horizon Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap2.5 B4.8 B4.9 B
Pretty Stable

First Fundamental Market Drivers

Forward Price Earnings12.3609
Cash And Short Term Investments8.9 B

First Upcoming Events

16th of April 2024
Upcoming Quarterly Report
View
17th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
16th of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About First Horizon Financial Statements

First Horizon investors utilize fundamental indicators, such as revenue or net income, to predict how First Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue2.5 B2.7 B
Total Revenue5.7 BB
Cost Of Revenue2.3 B2.4 B
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.23  0.26 
Capex To Revenue 0.01  0.01 
Revenue Per Share 10.51  11.00 
Ebit Per Revenue 0.18  0.13 

Pair Trading with First Horizon

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Horizon position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Horizon will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

  0.69BIRG Bank of IrelandPairCorr
  0.87EBMT Eagle Bancorp MontanaPairCorr
  0.86FCAP First CapitalPairCorr

Moving against First Stock

  0.74601658 Postal Savings BankPairCorr
  0.68LDI LoandepotPairCorr
The ability to find closely correlated positions to First Horizon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Horizon when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Horizon - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Horizon National to buy it.
The correlation of First Horizon is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Horizon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Horizon National moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Horizon can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether First Horizon National offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Horizon's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Horizon National Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Horizon National Stock:
Check out the analysis of First Horizon Correlation against competitors.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Horizon. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Horizon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.254
Dividend Share
0.6
Earnings Share
1.66
Revenue Per Share
6.188
Quarterly Revenue Growth
0.129
The market value of First Horizon National is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Horizon's value that differs from its market value or its book value, called intrinsic value, which is First Horizon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Horizon's market value can be influenced by many factors that don't directly affect First Horizon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Horizon's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Horizon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Horizon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.