First Historical Balance Sheet
FHN Stock | USD 21.13 0.04 0.19% |
Trend analysis of First Horizon National balance sheet accounts such as Short and Long Term Debt Total of 3.1 B or Other Current Liab of 11.5 B provides information on First Horizon's total assets, liabilities, and equity, which is the actual value of First Horizon National to its prevalent stockholders. By breaking down trends over time using First Horizon balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
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.
First Horizon Inventory |
|
First |
About First Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of First Horizon National at a specified time, usually calculated after every quarter, six months, or one year. First Horizon Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of First Horizon and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which First currently owns. An asset can also be divided into two categories, current and non-current.
First Horizon Balance Sheet Chart
Add Fundamental
Total Assets
Total assets refers to the total amount of First Horizon assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in First Horizon National books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Current Liabilities
Total Current Liabilities is an item on First Horizon balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of First Horizon National are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most accounts from First Horizon's balance sheet are interrelated and interconnected. However, analyzing balance sheet 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 balance sheet 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. At this time, First Horizon's Retained Earnings are very stable compared to the past year. As of the 1st of December 2024, Cash is likely to grow to about 1.9 B, while Short and Long Term Debt Total is likely to drop about 3.1 B.
2021 | 2022 | 2023 | 2024 (projected) | Total Stockholder Equity | 8.2B | 8.3B | 9.0B | 9.4B | Total Current Liabilities | 2.1B | 2.5B | 20.3B | 21.3B |
First Horizon balance sheet Correlations
Click cells to compare fundamentals
First Horizon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
First Horizon balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 43.3B | 84.2B | 89.1B | 79.0B | 81.7B | 85.7B | |
Common Stock Shares Outstanding | 315.7M | 434.0M | 551.2M | 566.0M | 561.7M | 589.8M | |
Short Long Term Debt Total | 3.6B | 4.2B | 3.7B | 4.4B | 4.0B | 3.1B | |
Other Current Liab | (2.3B) | (2.2B) | (2.1B) | (2.5B) | 17.7B | 11.5B | |
Total Current Liabilities | 2.3B | 2.2B | 2.1B | 2.5B | 20.3B | 21.3B | |
Total Stockholder Equity | 4.8B | 8.0B | 8.2B | 8.3B | 9.0B | 9.4B | |
Property Plant And Equipment Net | 455.0M | 759M | 665M | 612M | 899M | 944.0M | |
Net Debt | 1.9B | (5.7B) | (12.3B) | 1.7B | 1.7B | 1.8B | |
Retained Earnings | 1.8B | 2.3B | 2.9B | 3.4B | 4.0B | 4.2B | |
Cash | 1.1B | 9.6B | 16.1B | 2.4B | 1.0B | 1.9B | |
Non Current Assets Total | 7.8B | 11.9B | 13.5B | 13.9B | 13.7B | 14.4B | |
Non Currrent Assets Other | (7.8B) | (11.9B) | (13.5B) | (13.9B) | (13.7B) | (13.0B) | |
Other Assets | 29.9B | 54.8B | 50.8B | 62.6B | 58.5B | 31.9B | |
Cash And Short Term Investments | 5.6B | 17.6B | 24.8B | 2.4B | 9.4B | 9.9B | |
Liabilities And Stockholders Equity | 43.3B | 84.2B | 89.1B | 79.0B | 81.7B | 85.7B | |
Non Current Liabilities Total | 791.4M | 1.7B | 1.6B | 2.5B | 72.4B | 76.0B | |
Other Stockholder Equity | 2.9B | 5.1B | 4.7B | 4.8B | 5.4B | 5.6B | |
Total Liab | 38.2B | 75.9B | 80.6B | 70.4B | 72.4B | 76.0B | |
Total Current Assets | 5.6B | 17.6B | 24.8B | 2.4B | 9.4B | 18.0B | |
Short Term Debt | 2.3B | 2.2B | 2.1B | 2.5B | 2.5B | 2.7B | |
Net Receivables | 68.7M | 38.9M | 40.1M | 57.3B | 65.9B | 69.2B | |
Other Current Assets | 3.2B | 11.4B | 18.4B | 4.5B | 4.8B | 4.5B | |
Property Plant And Equipment Gross | 455.0M | 759M | 1.1B | 1.1B | 1.1B | 1.2B | |
Common Stock Total Equity | 194.7M | 347M | 333M | 336M | 386.4M | 405.7M | |
Accumulated Other Comprehensive Income | (239.6M) | (140M) | (288M) | (1.4B) | (1.2B) | (1.1B) | |
Common Stock | 194.7M | 347M | 333M | 336M | 349M | 176.3M | |
Other Liab | 647.2M | 1.7B | 1.6B | 1.2B | 1.0B | 1.2B | |
Accounts Payable | 49.5M | 70.0B | 74.9B | 63.5B | 73.0B | 76.7B | |
Long Term Debt | 1.4B | 2.0B | 1.6B | 1.6B | 1.2B | 1.8B | |
Good Will | 1.4B | 1.4B | 1.4B | 1.5B | 1.5B | 1.6B | |
Short Term Investments | 4.4B | 8.0B | 8.7B | 10.0B | 8.4B | 8.8B | |
Inventory | (3.2B) | 20M | 10M | 11M | 9.9M | 9.4M | |
Intangible Assets | 130.2M | 354M | 298M | 234M | 186M | 176.7M | |
Property Plant Equipment | 472.8M | 759M | 665M | 612M | 703.8M | 454.6M | |
Net Tangible Assets | 3.1B | 5.7B | 5.9B | 5.5B | 6.3B | 3.5B | |
Retained Earnings Total Equity | 1.8B | 2.3B | 2.9B | 3.4B | 3.9B | 4.1B | |
Long Term Debt Total | 1.4B | 2.0B | 1.6B | 1.9B | 1.7B | 1.7B | |
Capital Surpluse | 2.9B | 5.1B | 4.7B | 4.8B | 5.6B | 3.0B |
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
0.96 | AX | Axos Financial | PairCorr |
0.94 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
0.64 | KB | KB Financial Group | PairCorr |
Moving against First Stock
0.73 | CFG-PE | Citizens Financial | PairCorr |
0.69 | TFC-PO | Truist Financial | PairCorr |
0.67 | TFC-PR | Truist Financial | PairCorr |
0.32 | WF | Woori Financial Group | PairCorr |
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.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. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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 | Dividend Share 0.6 | Earnings Share 1.37 | Revenue Per Share 5.604 | Quarterly Revenue Growth 0.186 |
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.