First Horizon Net Worth
First Horizon Net Worth Breakdown | FHN |
First Horizon Net Worth Analysis
First Horizon's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including First Horizon's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of First Horizon's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform First Horizon's net worth analysis. One common approach is to calculate First Horizon's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares First Horizon's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing First Horizon's net worth. This approach calculates the present value of First Horizon's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of First Horizon's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate First Horizon's net worth. This involves comparing First Horizon's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into First Horizon's net worth relative to its peers.
Enterprise Value |
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To determine if First Horizon is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding First Horizon's net worth research are outlined below:
| First Horizon has a poor financial position based on the latest SEC disclosures | |
| Over 83.0% of the company shares are owned by institutional investors | |
| On 2nd of January 2025 First Horizon paid $ 0.15 per share dividend to its current shareholders | |
| Latest headline from cnbc.com: First Horizon CEO says hes cautious about interest rate cuts in 2025 |
First Horizon Quarterly Good Will |
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First Horizon uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in First Horizon National. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to First Horizon's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 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 |
First Horizon Target Price Consensus
First target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. First Horizon's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 15 | Buy |
Most First analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand First stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of First Horizon National, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationFirst Horizon Target Price Projection
First Horizon's current and average target prices are 21.56 and 22.47, respectively. The current price of First Horizon is the price at which First Horizon National is currently trading. On the other hand, First Horizon's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
First Horizon Market Quote on 18th of January 2025
Target Price
Analyst Consensus On First Horizon Target Price
Know First Horizon's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as First Horizon is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading First Horizon National backward and forwards among themselves. First Horizon's institutional investor refers to the entity that pools money to purchase First Horizon's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Azora Capital Lp | 2024-09-30 | 5.6 M | Fmr Inc | 2024-09-30 | 5.6 M | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 5.5 M | Oz Management Llc | 2024-09-30 | 5 M | Citadel Advisors Llc | 2024-09-30 | 5 M | Aqr Capital Management Llc | 2024-09-30 | 4.7 M | Northern Trust Corp | 2024-09-30 | 3.8 M | Scout Investment Advisors Inc | 2024-09-30 | 3.8 M | Wellington Management Company Llp | 2024-09-30 | 3.7 M | Blackrock Inc | 2024-09-30 | 61.8 M | Vanguard Group Inc | 2024-09-30 | 55.1 M |
Follow First Horizon's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 11.3 B.Market Cap |
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Project First Horizon's profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.02 | 0.02 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.11 | 0.13 |
When accessing First Horizon's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures First Horizon's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of First Horizon's profitability and make more informed investment decisions.
Evaluate First Horizon's management efficiency
As of the 18th of January 2025, Return On Equity is likely to grow to 0.13, while Return On Tangible Assets are likely to drop 0.01. At this time, First Horizon's Asset Turnover is very stable compared to the past year. First Horizon's management efficiency ratios could be used to measure how well First Horizon manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 15.26 | 8.77 | |
| Tangible Book Value Per Share | 12.47 | 6.50 | |
| Enterprise Value Over EBITDA | 6.54 | 10.71 | |
| Price Book Value Ratio | 0.99 | 0.94 | |
| Enterprise Value Multiple | 6.54 | 10.71 | |
| Price Fair Value | 0.99 | 0.94 | |
| Enterprise Value | 2.9 B | 3.6 B |
Examining the leadership quality of First Horizon National offers valuable insights into its operational efficiency and financial health. This analysis assists investors in making informed decisions regarding the stock.
Enterprise Value Revenue 4.3037 | Revenue | Quarterly Revenue Growth 0.186 | Revenue Per Share | Return On Equity |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific First Horizon insiders, such as employees or executives, is commonly permitted as long as it does not rely on First Horizon's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases First Horizon insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Jordan D Bryan over a month ago Disposition of 75000 shares by Jordan D Bryan of First Horizon subject to Rule 16b-3 | ||
Harry Barton over two months ago Disposition of 400 shares by Harry Barton of First Horizon at 19.925 subject to Rule 16b-3 | ||
Tanya Hart over two months ago Insider Trading | ||
Jordan D Bryan over three months ago Disposition of 50000 shares by Jordan D Bryan of First Horizon subject to Rule 16b-3 | ||
Susan Springfield over six months ago Acquisition by Susan Springfield of 54429 shares of First Horizon subject to Rule 16b-3 | ||
Tammy LoCascio over six months ago Disposition of 20487 shares by Tammy LoCascio of First Horizon at 15.79 subject to Rule 16b-3 | ||
Harry Barton over six months ago Acquisition by Harry Barton of 9414 shares of First Horizon subject to Rule 16b-3 | ||
Luke Yancy over a year ago Acquisition by Luke Yancy of 3457 shares of First Horizon subject to Rule 16b-3 |
First Horizon Corporate Filings
8K | 16th of January 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F3 | 2nd of January 2025 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
F4 | 6th of December 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 8th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
First Horizon Earnings Estimation Breakdown
The calculation of First Horizon's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of First Horizon is estimated to be 0.3675 with the future projection ranging from a low of 0.36 to a high of 0.38. Please be aware that this consensus of annual earnings estimates for First Horizon National is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
0.36 Lowest | Expected EPS | 0.38 Highest |
First Horizon Earnings Projection Consensus
Suppose the current estimates of First Horizon's value are higher than the current market price of the First Horizon stock. In this case, investors may conclude that First Horizon is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and First Horizon's stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2025 | Current EPS (TTM) | |
| 15 | 93.84% | 0.43 | 0.3675 | 1.37 |
First Horizon Earnings per Share Projection vs Actual
Actual Earning per Share of First Horizon refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering First Horizon National predict the company's earnings will be in the future. The higher the earnings per share of First Horizon, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.First Horizon Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as First Horizon, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of First Horizon should always be considered in relation to other companies to make a more educated investment decision.First Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact First Horizon's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2025-01-16 | 2024-12-31 | 0.38 | 0.43 | 0.05 | 13 | ||
2024-10-16 | 2024-09-30 | 0.38 | 0.42 | 0.04 | 10 | ||
2024-07-17 | 2024-06-30 | 0.37 | 0.36 | -0.01 | 2 | ||
2024-04-17 | 2024-03-31 | 0.34 | 0.35 | 0.01 | 2 | ||
2024-01-18 | 2023-12-31 | 0.3 | 0.32 | 0.02 | 6 | ||
2023-10-18 | 2023-09-30 | 0.24 | 0.27 | 0.03 | 12 | ||
2023-07-19 | 2023-06-30 | 0.41 | 0.39 | -0.02 | 4 | ||
2023-04-18 | 2023-03-31 | 0.47 | 0.45 | -0.02 | 4 | ||
2023-01-18 | 2022-12-31 | 0.48 | 0.51 | 0.03 | 6 | ||
2022-10-18 | 2022-09-30 | 0.43 | 0.44 | 0.01 | 2 | ||
2022-07-19 | 2022-06-30 | 0.36 | 0.34 | -0.02 | 5 | ||
2022-04-19 | 2022-03-31 | 0.35 | 0.38 | 0.03 | 8 | ||
2022-01-20 | 2021-12-31 | 0.38 | 0.48 | 0.1 | 26 | ||
2021-10-20 | 2021-09-30 | 0.41 | 0.5 | 0.09 | 21 | ||
2021-07-16 | 2021-06-30 | 0.43 | 0.58 | 0.15 | 34 | ||
2021-04-21 | 2021-03-31 | 0.37 | 0.51 | 0.14 | 37 | ||
2021-01-22 | 2020-12-31 | 0.33 | 0.46 | 0.13 | 39 | ||
2020-10-23 | 2020-09-30 | 0.21 | 0.35 | 0.14 | 66 | ||
2020-07-17 | 2020-06-30 | 0.22 | 0.2 | -0.02 | 9 | ||
2020-04-21 | 2020-03-31 | 0.36 | 0.05 | -0.31 | 86 | ||
2020-01-17 | 2019-12-31 | 0.42 | 0.47 | 0.05 | 11 | ||
2019-10-16 | 2019-09-30 | 0.42 | 0.43 | 0.01 | 2 | ||
2019-07-16 | 2019-06-30 | 0.37 | 0.42 | 0.05 | 13 | ||
2019-04-16 | 2019-03-31 | 0.34 | 0.35 | 0.01 | 2 | ||
2019-01-18 | 2018-12-31 | 0.36 | 0.35 | -0.01 | 2 | ||
2018-10-16 | 2018-09-30 | 0.36 | 0.36 | 0.0 | 0 | ||
2018-07-17 | 2018-06-30 | 0.35 | 0.36 | 0.01 | 2 | ||
2018-04-13 | 2018-03-31 | 0.31 | 0.34 | 0.03 | 9 | ||
2018-01-19 | 2017-12-31 | 0.3 | 0.3 | 0.0 | 0 | ||
2017-10-13 | 2017-09-30 | 0.3 | 0.32 | 0.02 | 6 | ||
2017-07-14 | 2017-06-30 | 0.26 | 0.27 | 0.01 | 3 | ||
2017-04-13 | 2017-03-31 | 0.23 | 0.23 | 0.0 | 0 | ||
2017-01-13 | 2016-12-31 | 0.25 | 0.23 | -0.02 | 8 | ||
2016-10-14 | 2016-09-30 | 0.25 | 0.27 | 0.02 | 8 | ||
2016-07-15 | 2016-06-30 | 0.23 | 0.24 | 0.01 | 4 | ||
2016-04-15 | 2016-03-31 | 0.2 | 0.2 | 0.0 | 0 | ||
2016-01-19 | 2015-12-31 | 0.21 | 0.21 | 0.0 | 0 | ||
2015-10-16 | 2015-09-30 | 0.22 | 0.23 | 0.01 | 4 | ||
2015-07-17 | 2015-06-30 | 0.2 | 0.22 | 0.02 | 10 | ||
2015-04-17 | 2015-03-31 | 0.18 | 0.18 | 0.0 | 0 | ||
2015-01-23 | 2014-12-31 | 0.17 | 0.2 | 0.03 | 17 | ||
2014-10-17 | 2014-09-30 | 0.17 | 0.19 | 0.02 | 11 | ||
2014-07-18 | 2014-06-30 | 0.16 | 0.32 | 0.16 | 100 | ||
2014-04-17 | 2014-03-31 | 0.15 | 0.19 | 0.04 | 26 | ||
2014-01-17 | 2013-12-31 | 0.17 | 0.21 | 0.04 | 23 | ||
2013-10-18 | 2013-09-30 | 0.18 | 0.19 | 0.01 | 5 | ||
2013-07-19 | 2013-06-30 | 0.19 | 0.17 | -0.02 | 10 | ||
2013-04-19 | 2013-03-31 | 0.17 | 0.17 | 0.0 | 0 | ||
2013-01-18 | 2012-12-31 | 0.17 | 0.17 | 0.0 | 0 | ||
2012-10-19 | 2012-09-30 | 0.19 | 0.1 | -0.09 | 47 | ||
2012-07-20 | 2012-06-30 | -0.49 | -0.5 | -0.01 | 2 | ||
2012-04-19 | 2012-03-31 | 0.13 | 0.12 | -0.01 | 7 | ||
2012-01-20 | 2011-12-31 | 0.14 | 0.13 | -0.01 | 7 | ||
2011-10-17 | 2011-09-30 | 0.16 | 0.14 | -0.02 | 12 | ||
2011-07-15 | 2011-06-30 | 0.11 | 0.16 | 0.05 | 45 | ||
2011-04-21 | 2011-03-31 | 0.04 | 0.15 | 0.11 | 275 | ||
2011-01-21 | 2010-12-31 | -0.03 | -0.2 | -0.17 | 566 | ||
2010-10-15 | 2010-09-30 | -0.02 | 0.07 | 0.09 | 450 | ||
2010-07-16 | 2010-06-30 | -0.09 | 0.01 | 0.1 | 111 | ||
2010-04-16 | 2010-03-31 | -0.15 | -0.11 | 0.04 | 26 | ||
2010-01-19 | 2009-12-31 | -0.2 | -0.3 | -0.1 | 50 | ||
2009-10-16 | 2009-09-30 | -0.3 | -0.22 | 0.08 | 26 | ||
2009-07-17 | 2009-06-30 | -0.3 | -0.53 | -0.23 | 76 | ||
2009-04-17 | 2009-03-31 | -0.23 | -0.35 | -0.12 | 52 | ||
2009-01-16 | 2008-12-31 | -0.3 | -0.24 | 0.06 | 20 | ||
2008-10-17 | 2008-09-30 | -0.12 | -0.51 | -0.39 | 325 | ||
2008-07-14 | 2008-06-30 | -0.06 | -0.09 | -0.03 | 50 | ||
2008-04-17 | 2008-03-31 | 0.11 | 0.05 | -0.06 | 54 | ||
2008-01-17 | 2007-12-31 | -0.73 | -1.64 | -0.91 | 124 | ||
2007-10-18 | 2007-09-30 | 0.2 | -0.09 | -0.29 | 145 | ||
2007-07-19 | 2007-06-30 | 0.49 | 0.14 | -0.35 | 71 | ||
2007-04-18 | 2007-03-31 | 0.49 | 0.46 | -0.03 | 6 | ||
2007-01-17 | 2006-12-31 | 0.52 | 0.5 | -0.02 | 3 | ||
2006-10-18 | 2006-09-30 | 0.51 | 0.44 | -0.07 | 13 | ||
2006-07-19 | 2006-06-30 | 0.67 | 0.68 | 0.01 | 1 | ||
2006-04-19 | 2006-03-31 | 0.68 | 0.62 | -0.06 | 8 | ||
2006-01-18 | 2005-12-31 | 0.71 | 0.72 | 0.01 | 1 | ||
2005-10-17 | 2005-09-30 | 0.72 | 0.75 | 0.03 | 4 | ||
2005-07-18 | 2005-06-30 | 0.73 | 0.67 | -0.06 | 8 | ||
2005-04-21 | 2005-03-31 | 0.67 | 0.71 | 0.04 | 5 | ||
2005-01-19 | 2004-12-31 | 0.67 | 0.67 | 0.0 | 0 | ||
2004-10-21 | 2004-09-30 | 0.74 | 0.74 | 0.0 | 0 | ||
2004-07-21 | 2004-06-30 | 0.77 | 0.77 | 0.0 | 0 | ||
2004-04-20 | 2004-03-31 | 0.73 | 0.77 | 0.04 | 5 | ||
2004-01-21 | 2003-12-31 | 0.75 | 0.75 | 0.0 | 0 | ||
2003-10-22 | 2003-09-30 | 0.75 | 0.76 | 0.01 | 1 | ||
2003-07-17 | 2003-06-30 | 0.73 | 0.75 | 0.02 | 2 | ||
2003-04-14 | 2003-03-31 | 0.67 | 0.76 | 0.09 | 13 | ||
2003-01-17 | 2002-12-31 | 0.64 | 0.67 | 0.03 | 4 | ||
2002-10-16 | 2002-09-30 | 0.58 | 0.61 | 0.03 | 5 | ||
2002-07-15 | 2002-06-30 | 0.56 | 0.57 | 0.01 | 1 | ||
2002-04-16 | 2002-03-31 | 0.51 | 0.52 | 0.01 | 1 | ||
2002-01-16 | 2001-12-31 | 0.53 | 0.57 | 0.04 | 7 | ||
2001-10-17 | 2001-09-30 | 0.52 | 0.55 | 0.03 | 5 | ||
2001-07-18 | 2001-06-30 | 0.41 | 0.42 | 0.01 | 2 | ||
2001-04-17 | 2001-03-31 | 0.35 | 0.37 | 0.02 | 5 | ||
2001-01-17 | 2000-12-31 | 0.45 | 0.46 | 0.01 | 2 | ||
2000-10-19 | 2000-09-30 | 0.41 | 0.42 | 0.01 | 2 | ||
2000-07-18 | 2000-06-30 | 0.35 | 0.35 | 0.0 | 0 | ||
2000-04-13 | 2000-03-31 | 0.24 | 0.25 | 0.01 | 4 | ||
2000-01-18 | 1999-12-31 | 0.46 | 0.45 | -0.01 | 2 | ||
1999-10-14 | 1999-09-30 | 0.43 | 0.43 | 0.0 | 0 | ||
1999-07-14 | 1999-06-30 | 0.38 | 0.37 | -0.01 | 2 | ||
1999-04-13 | 1999-03-31 | 0.33 | 0.33 | 0.0 | 0 | ||
1999-01-19 | 1998-12-31 | 0.41 | 0.42 | 0.01 | 2 | ||
1998-10-14 | 1998-09-30 | 0.37 | 0.39 | 0.02 | 5 | ||
1998-07-14 | 1998-06-30 | 0.33 | 0.33 | 0.0 | 0 | ||
1998-04-14 | 1998-03-31 | 0.28 | 0.29 | 0.01 | 3 | ||
1998-01-20 | 1997-12-31 | 0.38 | 0.37 | -0.01 | 2 | ||
1997-10-15 | 1997-09-30 | 0.34 | 0.35 | 0.01 | 2 | ||
1997-07-15 | 1997-06-30 | 0.3 | 0.3 | 0.0 | 0 | ||
1997-04-14 | 1997-03-31 | 0.25 | 0.25 | 0.0 | 0 | ||
1997-01-21 | 1996-12-31 | 0.34 | 0.33 | -0.01 | 2 | ||
1996-10-17 | 1996-09-30 | 0.31 | 0.3 | -0.01 | 3 | ||
1996-07-15 | 1996-06-30 | 0.27 | 0.26 | -0.01 | 3 | ||
1996-04-15 | 1996-03-31 | 0.24 | 0.23 | -0.01 | 4 |
First Horizon Corporate Directors
| John Compton | Independent Director | Profile | |
| Colin Reed | Lead Independent Director | Profile | |
| Luke Yancy | Independent Director | Profile | |
| Cecelia Stewart | Director of the Corporation and the Bank | Profile |
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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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 1.37 | Revenue Per Share | Quarterly Revenue Growth 0.186 | Return On Assets |
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.