First Historical Income Statement

FHN Stock

USD 22.39 0.35 1.59%

Historical analysis of First Horizon income statement accounts such as Operating Income of 702.8 M or Ebit of 689.4 M can show how well First Horizon National performed in making a profits. Evaluating First Horizon income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First Horizon's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining First Horizon National latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Horizon National is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Horizon National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

About First Income Statement Analysis

First Horizon National Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to First Horizon shareholders. The income statement also shows First investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

First Horizon Income Statement Chart

At this time, First Horizon's Selling General Administrative is very stable compared to the past year. As of the 7th of February 2025, Total Other Income Expense Net is likely to grow to about 292.2 M, while Operating Income is likely to drop about 702.8 M.

Other Operating Expenses Operating Income Ebitda Selling General Administrative

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of First Horizon National. It is also known as First Horizon overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from First Horizon National operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of First Horizon National is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from First Horizon's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into First Horizon National current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Horizon National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

	2022	2023	2024	2025 (projected)
Other Operating Expenses	1.8B	3.2B	3.6B	3.8B
Interest Expense	304M	1.6B	1.8B	1.9B

Other Operating Expenses Interest Expense

First Horizon income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Total Revenue	Gross Profit	Total Other Income Expense Net	Selling And Marketing Expenses	Cost Of Revenue	Extraordinary Items	Minority Interest	Discontinued Operations	Net Income From Continuing Ops	Non Recurring	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Interest Expense		0.91	0.36	0.56	0.58	0.91	0.7	0.7	0.62	0.56	0.77	0.49	0.49	0.83	0.95	0.68	-0.04	-0.8	0.21	0.74	-0.48	0.67	0.72	0.94	0.81
Other Operating Expenses	0.91		0.51	0.63	0.66	0.7	0.8	0.83	0.65	0.73	0.89	0.71	0.71	0.92	0.91	0.81	-0.25	-0.83	0.4	0.84	-0.56	0.69	0.8	0.94	0.81
Operating Income	0.36	0.51		0.95	0.95	0.08	0.88	0.87	0.87	0.83	0.69	0.87	0.87	0.45	0.54	0.69	-0.33	-0.65	0.39	0.83	-0.79	0.83	0.81	0.62	0.53
Ebit	0.56	0.63	0.95		1.0	0.33	0.9	0.89	0.9	0.81	0.75	0.88	0.88	0.56	0.67	0.7	-0.32	-0.73	0.4	0.86	-0.81	0.92	0.89	0.74	0.72
Ebitda	0.58	0.66	0.95	1.0		0.34	0.92	0.91	0.9	0.84	0.77	0.9	0.9	0.59	0.7	0.74	-0.31	-0.76	0.4	0.89	-0.82	0.92	0.91	0.77	0.73
Total Operating Expenses	0.91	0.7	0.08	0.33	0.34		0.44	0.43	0.41	0.32	0.52	0.18	0.18	0.64	0.81	0.41	0.18	-0.66	-0.03	0.48	-0.22	0.48	0.5	0.76	0.65
Income Before Tax	0.7	0.8	0.88	0.9	0.92	0.44		1.0	0.93	0.92	0.88	0.85	0.85	0.75	0.81	0.89	-0.2	-0.85	0.33	0.99	-0.78	0.88	0.89	0.89	0.72
Net Income	0.7	0.83	0.87	0.89	0.91	0.43	1.0		0.89	0.93	0.89	0.87	0.87	0.76	0.81	0.91	-0.19	-0.84	0.32	0.99	-0.77	0.85	0.9	0.89	0.75
Income Tax Expense	0.62	0.65	0.87	0.9	0.9	0.41	0.93	0.89		0.77	0.79	0.72	0.72	0.67	0.76	0.74	-0.27	-0.8	0.39	0.87	-0.77	0.91	0.8	0.78	0.56
Depreciation And Amortization	0.56	0.73	0.83	0.81	0.84	0.32	0.92	0.93	0.77		0.81	0.88	0.88	0.69	0.69	0.89	-0.06	-0.84	0.15	0.93	-0.71	0.81	0.91	0.79	0.65
Selling General Administrative	0.77	0.89	0.69	0.75	0.77	0.52	0.88	0.89	0.79	0.81		0.78	0.78	0.87	0.85	0.82	-0.34	-0.83	0.48	0.91	-0.71	0.81	0.83	0.89	0.73
Total Revenue	0.49	0.71	0.87	0.88	0.9	0.18	0.85	0.87	0.72	0.88	0.78		1.0	0.66	0.6	0.79	-0.4	-0.7	0.46	0.85	-0.76	0.81	0.91	0.7	0.73
Gross Profit	0.49	0.71	0.87	0.88	0.9	0.18	0.85	0.87	0.72	0.88	0.78	1.0		0.66	0.6	0.79	-0.4	-0.7	0.46	0.85	-0.76	0.81	0.91	0.7	0.73
Total Other Income Expense Net	0.83	0.92	0.45	0.56	0.59	0.64	0.75	0.76	0.67	0.69	0.87	0.66	0.66		0.88	0.81	-0.3	-0.83	0.44	0.78	-0.5	0.69	0.76	0.87	0.68
Selling And Marketing Expenses	0.95	0.91	0.54	0.67	0.7	0.81	0.81	0.81	0.76	0.69	0.85	0.6	0.6	0.88		0.78	-0.1	-0.92	0.27	0.82	-0.56	0.79	0.82	0.98	0.74
Cost Of Revenue	0.68	0.81	0.69	0.7	0.74	0.41	0.89	0.91	0.74	0.89	0.82	0.79	0.79	0.81	0.78		-0.05	-0.78	0.17	0.91	-0.72	0.75	0.85	0.85	0.72
Extraordinary Items	-0.04	-0.25	-0.33	-0.32	-0.31	0.18	-0.2	-0.19	-0.27	-0.06	-0.34	-0.4	-0.4	-0.3	-0.1	-0.05		0.07	-0.98	-0.16	0.27	-0.2	-0.15	-0.08	-0.11
Minority Interest	-0.8	-0.83	-0.65	-0.73	-0.76	-0.66	-0.85	-0.84	-0.8	-0.84	-0.83	-0.7	-0.7	-0.83	-0.92	-0.78	0.07		-0.2	-0.84	0.55	-0.86	-0.88	-0.91	-0.62
Discontinued Operations	0.21	0.4	0.39	0.4	0.4	-0.03	0.33	0.32	0.39	0.15	0.48	0.46	0.46	0.44	0.27	0.17	-0.98	-0.2		0.3	-0.35	0.3	0.26	0.25	0.22
Net Income From Continuing Ops	0.74	0.84	0.83	0.86	0.89	0.48	0.99	0.99	0.87	0.93	0.91	0.85	0.85	0.78	0.82	0.91	-0.16	-0.84	0.3		-0.77	0.85	0.9	0.91	0.78
Non Recurring	-0.48	-0.56	-0.79	-0.81	-0.82	-0.22	-0.78	-0.77	-0.77	-0.71	-0.71	-0.76	-0.76	-0.5	-0.56	-0.72	0.27	0.55	-0.35	-0.77		-0.78	-0.75	-0.65	-0.66
Tax Provision	0.67	0.69	0.83	0.92	0.92	0.48	0.88	0.85	0.91	0.81	0.81	0.81	0.81	0.69	0.79	0.75	-0.2	-0.86	0.3	0.85	-0.78		0.92	0.81	0.7
Net Interest Income	0.72	0.8	0.81	0.89	0.91	0.5	0.89	0.9	0.8	0.91	0.83	0.91	0.91	0.76	0.82	0.85	-0.15	-0.88	0.26	0.9	-0.75	0.92		0.87	0.82
Interest Income	0.94	0.94	0.62	0.74	0.77	0.76	0.89	0.89	0.78	0.79	0.89	0.7	0.7	0.87	0.98	0.85	-0.08	-0.91	0.25	0.91	-0.65	0.81	0.87		0.81
Reconciled Depreciation	0.81	0.81	0.53	0.72	0.73	0.65	0.72	0.75	0.56	0.65	0.73	0.73	0.73	0.68	0.74	0.72	-0.11	-0.62	0.22	0.78	-0.66	0.7	0.82	0.81

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First Horizon Account Relationship Matchups

First Horizon income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Interest Expense	236M	176M	304M	1.6B	1.8B	1.9B
Other Operating Expenses	2.2B	1.8B	1.8B	3.2B	3.6B	3.8B
Operating Income	921M	1.3B	1.5B	886M	1.0B	702.8M
Ebit	758M	1.1B	1.1B	1.1B	1.3B	689.4M
Ebitda	850M	1.2B	1.2B	1.2B	1.4B	788.6M
Total Operating Expenses	(2.2B)	(1.8B)	(1.8B)	3.2B	2.8B	3.0B
Income Before Tax	933M	1.3B	1.2B	1.1B	1.3B	1.4B
Net Income	845M	999M	900M	897M	1.0B	1.1B
Income Tax Expense	76M	274M	247M	212M	243.8M	256.0M
Depreciation And Amortization	92M	117M	110M	102M	91.8M	80.4M
Selling General Administrative	1.0B	1.2B	1.1B	1.3B	1.5B	1.5B
Total Revenue	3.2B	3.1B	3.2B	3.0B	3.4B	1.8B
Gross Profit	3.2B	3.1B	3.2B	3.0B	3.4B	1.8B
Total Other Income Expense Net	(25M)	43M	26M	242M	278.3M	292.2M
Selling And Marketing Expenses	18M	37M	50M	71M	81.7M	85.7M
Net Income Applicable To Common Shares	434.7M	822M	962M	868M	998.2M	1.0B
Minority Interest	12M	(11M)	(12M)	(18M)	(16.2M)	(15.4M)
Net Income From Continuing Ops	933M	1.0B	912M	997M	1.1B	1.2B
Tax Provision	76M	274M	247M	287M	330.1M	174.1M
Net Interest Income	1.7B	2.0B	2.4B	2.6B	3.0B	1.6B
Interest Income	1.9B	2.2B	2.7B	3.9B	4.5B	4.7B
Reconciled Depreciation	92M	56M	51M	109M	125.4M	77.5M

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:

How To Invest In First

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Is First Stock a good investment?

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What is First Horizon's Net Worth?

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Largest Banks - Regional Companies

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You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

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

0.734

Earnings Share

1.36

Revenue Per Share

5.604

Quarterly Revenue Growth

0.186

Return On Assets

0.0098

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.

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First Historical Income Statement

About First Income Statement Analysis

First Horizon Income Statement Chart

Other Operating Expenses

Operating Income

First Horizon income statement Correlations

First Horizon Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Horizon income statement Accounts

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Ebitda	+ 1.0	Ebit
Net Income	+ 1.0	Income Before Tax
Gross Profit	+ 1.0	Total Revenue
Net Income From Continuing Ops	+ 0.99	Income Before Tax
Net Income From Continuing Ops	+ 0.99	Net Income
Interest Income	+ 0.98	Selling And Marketing Expenses

Discontinued Operations	- 0.98	Extraordinary Items
Minority Interest	- 0.92	Selling And Marketing Expenses
Interest Income	- 0.91	Minority Interest
Net Interest Income	- 0.88	Minority Interest
Tax Provision	- 0.86	Minority Interest
Minority Interest	- 0.85	Income Before Tax