| Market cap | $13.24B |
|---|---|
| Enterprise value | $8.02B |
| Revenue | $3.166B |
|---|---|
| EBITDA | $872.000M |
| Income | $806.000M |
| Revenue Q/Q | -4.94% |
| Revenue Y/Y | -0.25% |
| P/E | 10.28 |
|---|---|
| Forward P/E | 6.79 |
| EV/Sales | 2.53 |
| EV/EBITDA | 9.20 |
| EV/EBIT | 7.77 |
| PEG | 0.57 |
| Price/Sales | 4.18 |
| P/FCF | 6.11 |
| Price/Book | 1.47 |
| Book/Share | 10.27 |
| Cash/Share | N/A |
| FCF yield | 16.35% |
| Volume | 5.598M / 9.362M |
|---|---|
| Relative vol. | 0.60 × |
| EPS | 1.47 |
|---|---|
| EPS Q/Q | -12.00% |
| Est. EPS Q/Q | -2.08% |
| Profit margin | 27.97% |
|---|---|
| Oper. margin | 33.20% |
| Gross margin | 100.00% |
| EBIT margin | 32.60% |
| EBITDA margin | 27.54% |
| Ret. on assets | 1.01% |
|---|---|
| Ret. on equity | 9.57% |
| ROIC | 1.39% |
| ROCE | 1.26% |
| Debt/Equity | 8.04 |
|---|---|
| Net debt/EBITDA | 4.04 |
| Current ratio | N/A |
| Quick ratio | N/A |
| Volatility | 2.41% |
|---|---|
| Beta | 1.00 |
| RSI | 48.37 |
|---|
| Insider ownership | 1.36% |
|---|---|
| Inst. ownership | 82.53% |
| Shares outst. | 546.868M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 6.43% |
| Short ratio | 6.02 |
| Dividend | $0.60 |
|---|---|
| Dividend yield | 3.94% |
| Payout ratio | 40.82% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 17 Jul 2024 |
Wednesday, 22 May 2024
|
|
| Is First Horizon Corporation A Top Local Bank Stock? | |
Monday, 15 April 2024
|
|
| First Horizon Corporation Names Thomas Hung Chief Credit Officer, Susan Springfield Announces Retirement | |
Saturday, 9 March 2024
|
|
| First Horizon Is Paying Out A Dividend Of $0.15 | |
Friday, 12 January 2024
|
|
| Insights Into First Horizon Q4: Wall Street Projections for Key Metrics | |
Thursday, 4 January 2024
|
|
| Will First Horizon Beat Estimates Again in Its Next Earnings Report? | |
Friday, 8 December 2023
|
|
| Stanton Brown Named to COLOR Magazine's POWERLIST: 40 Under 40 | |
Friday, 22 September 2023
|
|
| Free from TD Bank distraction, First Horizon Bank refocusing on Houston growth | |
Thursday, 21 September 2023
|
|
| Is This the Best Time to Add First Horizon to Your Portfolio? | |
Wednesday, 20 September 2023
|
|
| First Horizon Recognized by BLACK EOE JOURNAL in 2023 Annual Best of the Best | |
Monday, 21 August 2023
|
|
| ‘Worried but Optimistic’: David Einhorn Makes a Move on These 2 Buy-Rated Stocks | |
Wednesday, 2 August 2023
|
|
| FIRST HORIZON NAMED ONE OF THE WORLD'S BEST BANKS BY FORBES MAGAZINE | |
Monday, 24 July 2023
|
|
| Reasons to Purchase First Horizon Corporation | |
Wednesday, 19 July 2023
|
|
| U.S. Bancorp, First Horizon, Citizen's Financial, M&T: Bank earnings roundup | |
Monday, 17 July 2023
|
|
| Giant banks paid more for deposits in Q2. That's bad news for small lenders. | |
Thursday, 6 July 2023
|
|
| First Horizon's Brand Campaign Clinches 8 Coveted Marketing Industry Awards | |
| First Horizon CFO reflects on 'shocking' end to TD deal, and excitement for what's next | |
Tuesday, 4 July 2023
|
|
| Bank Deals Are Back on the Table. Getting One Done Could Be Messy. | |
Saturday, 24 June 2023
|
|
| 10 Inverse Cramer Stocks To Buy According to Analysts | |
Wednesday, 21 June 2023
|
|
| First Horizon Corporation to Announce Second Quarter Financial Results on July 19, 2023 | |
Thursday, 15 June 2023
|
|
| First Horizon honored by Junior Achievement with U.S. President's Volunteer Service Award | |
Wednesday, 7 June 2023
|
|
| This High-Yield Bank Is Still Growing Despite a Merger Failure | |
Wednesday, 24 May 2023
|
|
| Why Shares of Toronto-Dominion Bank Are Down Today | |
Monday, 8 May 2023
|
|
| Concern Over TD Anti-Money-Laundering Practices Helped Scuttle First Horizon Deal | |
Thursday, 4 May 2023
|
|
| Why Toronto-Dominion Bank Stock Beat the Market Today | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| William H Fenstermaker Director | Buy 7 Jun 2023 | $116,200 |
| Vicki R Palmer Director | Buy 19 May 2023 | $22,040 |
| William H Fenstermaker Director | Buy 12 May 2023 | $28,202 |
| Rosa Sugranes Director | Buy 10 May 2023 | $19,909 |
| Colin V Reed Director | Buy 4 May 2023 | $250,374 |
| Wendy P Davidson Director | Buy 4 May 2023 | $100,900 |
| D Bryan Jordan Chairman, President, and CEO | Option 27 Feb 2023 | $512,349 |
| D Bryan Jordan Chairman, President, and CEO | Option 24 Feb 2023 | $1,082,484 |
| Terry Lawson Akins Sr. EVP and Chief Risk Officer | Option 2 Feb 2023 | $75,151 |
| David T Popwell President-Specialty Banking | Option 30 Nov 2022 | $2,453,422 |
| Tammy Lo Cascio SEVP and Chief Operating Officer | Option 9 Nov 2022 | $621,672 |
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Robintrack.
Price target
Current $15.11
Average $13.28
Low $12
High $16
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +0.00% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 3.94% | Growth period | 2 years |
| Last dividend date | Yield 3 years | 3.54% | Growth 3 years | -0.00% | |
| Last dividend | Yield 5 years | 3.80% | Growth 5 years | +4.56% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Anthony J. Restel (51) Pres of Regional Banking | 51 | $9,962,954 | |
| David Jordan (58) Chief Executive Officer of the Corporation, the Bank, and Director since 2020 | 58 | 2020 | $5,551,040 |
| David Popwell (60) President - Specialty Banking since 2020 | 60 | 2020 | $3,480,280 |
| William Losch (49) Chief Financial Officer, Executive Vice President of the Corporation, and the Bank since 2009 | 49 | 2009 | $2,988,770 |
| D. Bryan Jordan (59) CEO, Pres, and Director | 59 | $2,394,113 | |
| Susan Springfield (55) Executive Vice President, Chief Credit Officer of the Corporation, and the Bank since 2013 | 55 | 2013 | $2,269,310 |
| David T. Popwell (61) Pres of Specialty Banking | 61 | $1,524,012 | |
| R. Eugene Taylor (72) Vice Chairman of the Board of First Horizon and the Bank since 2017 | 72 | 2017 | $1,468,740 |
| Hope Dmuchowski (42) Sr. EVP and CFO | 42 | $852,252 | |
| Colin Reed (72) Lead Independent Director since 2018 | 72 | 2018 | $240,510 |
| Vicki Palmer (66) Independent Director since 1993 | 66 | 1993 | $226,091 |
| Kenneth Burdick (61) Independent Director since 2019 | 61 | 2019 | $213,921 |
| Wendy Davidson (50) Independent Director since 2019 | 50 | 2019 | $208,921 |
| Cecelia Stewart (61) Independent Director since 2014 | 61 | 2014 | $180,510 |
| John Compton (58) Independent Director since 2011 | 58 | 2011 | $180,510 |
| Rajesh Subramaniam (54) Independent Director since 2016 | 54 | 2016 | $164,510 |
| Erin Pryor | 2020 | ||
| Rosa Sugranes (62) Independent Director since 2020 | 62 | 2020 | |
| E. Stewart Shea (68) Independent Director since 2020 | 68 | 2020 | |
| Ricky Maples (62) Independent Director since 2020 | 62 | 2020 | |
| J.Michael Kemp (49) Independent Director since 2020 | 49 | 2020 | |
| William Fenstermaker (71) Independent Director since 2020 | 71 | 2020 | |
| John Casbon (71) Independent Director since 2020 | 71 | 2020 | |
| Harry Barton (65) Independent Director since 2020 | 65 | 2020 | |
| Elizabeth Ardoin (51) Chief Communications Officer since 2020 | 51 | 2020 | |
| Terry Akins (56) Chief Risk Officer since 2020 | 56 | 2020 | |
| Jeff Fleming (58) Executive Vice President-Chief Accounting Officer, Corporate Controller of FHN, and the Bank since 2012 | 58 | 2012 | |
| Tammy LoCascio (51) Chief Human Resource Officer since 2020 | 51 | 2020 | |
| Anthony Restel (50) Chief Operating Officer of the Corporation and the Bank since 2020 | 50 | 2020 | |
| Michael Brown (56) President - Regional Banking since 2020 | 56 | 2020 | |
| Daryl Byrd (66) Executive Chairman of the Board since 2020 | 66 | 2020 | |
| Elizabeth A. Ardoin (52) Sr. EVP and Chief of Communications | 52 | ||
| Charles T. Tuggle Jr. (72) Exec. VP and Gen. Counsel | 72 | ||
| Ellen A. Taylor | |||
| Jeff L. Fleming (59) Exec. VP, Chief Accounting Officer, and Corp. Controller | 59 | ||
| Tammy S. LoCascio (52) Sr. EVP and COO | 52 |
when we opened our doors in 1864 on north court street in memphis, we had a simple mission: to provide the best service to our customers, one opportunity at a time. in the 150 years that followed, our communities transformed and expanded. we’ve been blessed to see our business and banking in general grow and adapt to the changing needs of customers through the years. but one thing that will always remain constant is our commitment to financial integrity and to helping our customers take good care of their money.
- Finance > Regional Banks
- First Horizon Corporation, 165 Madison Avenue, Memphis 38103, United States
- 901 523 4444
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +0.00% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 3.94% | Growth period | 2 years |
| Last dividend date | Yield 3 years | 3.54% | Growth 3 years | -0.00% | |
| Last dividend | Yield 5 years | 3.80% | Growth 5 years | +4.56% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $3,451 | $3,059 | |||
| Short term investments | |||||
| Net receivables | |||||
| Inventory | |||||
| Total current assets | |||||
| Long term investments | |||||
| Property, plant & equipment | $586 | $590 | |||
| Goodwill & intangible assets | $1,685 | $1,696 | |||
| Total noncurrent assets | |||||
| Total investments | $71,981 | $72,147 | |||
| Total assets | $81,799 | $81,661 | |||
| Current liabilities | |||||
| Accounts payable | |||||
| Deferred revenue | |||||
| Short long term debt | |||||
| Total current liabilities | |||||
| Long term debt | |||||
| Total noncurrent liabilities | |||||
| Total debt | $3,868 | $3,699 | |||
| Total liabilities | $72,626 | $72,370 | |||
| Stockholders' equity | |||||
| Retained earnings | $4,072 | $3,964 | |||
| Other stockholder equity | -$1,271 | -$1,188 | |||
| Total stockholder equity | $8,878 | $8,996 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $3,059 | $2,927 | ||
| Short term investments | ||||
| Net receivables | ||||
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $590 | $612 | ||
| Goodwill & intangible assets | $1,696 | $1,745 | ||
| Total noncurrent assets | ||||
| Total investments | $72,147 | $69,589 | ||
| Total assets | $81,661 | $78,953 | ||
| Current liabilities | ||||
| Accounts payable | ||||
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | ||||
| Long term debt | ||||
| Total noncurrent liabilities | ||||
| Total debt | $3,699 | $4,103 | ||
| Total liabilities | $72,370 | $70,406 | ||
| Stockholders' equity | ||||
| Retained earnings | $3,964 | $3,430 | ||
| Other stockholder equity | -$1,188 | -$1,368 | ||
| Total stockholder equity | $8,996 | $8,252 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $769 | $749 | |||
| Cost of revenue | |||||
| Gross profit | $769 | $749 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $386 | $381 | |||
| Total operating expenses | $515 | $571 | |||
| Operating income | $254 | $178 | |||
| Income from continuing operations | |||||
| EBIT | $249 | $173 | |||
| Income tax expense | $57 | -$11 | |||
| Interest expense | |||||
| Net income | |||||
| Net income | $192 | $184 | |||
| Income (for common shares) | $184 | $176 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $3,207 | $3,112 | ||
| Cost of revenue | ||||
| Gross profit | $3,207 | $3,112 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $1,469 | $1,477 | ||
| Total operating expenses | $2,079 | $1,953 | ||
| Operating income | $1,128 | $1,159 | ||
| Income from continuing operations | ||||
| EBIT | $1,109 | $1,147 | ||
| Income tax expense | $212 | $247 | ||
| Interest expense | ||||
| Net income | ||||
| Net income | $897 | $900 | ||
| Income (for common shares) | $865 | $868 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $192 | $184 | |||
| Operating activities | |||||
| Depreciation | $25 | $25 | |||
| Business acquisitions & disposals | $11 | ||||
| Stock-based compensation | $18 | $15 | |||
| Total cash flows from operations | $838 | $365 | |||
| Investing activities | |||||
| Capital expenditures | -$10 | -$14 | |||
| Investments | -$870 | $1,228 | |||
| Total cash flows from investing | -$876 | $1,228 | |||
| Financing activities | |||||
| Dividends paid | -$85 | -$84 | |||
| Sale and purchase of stock | -$159 | ||||
| Net borrowings | $169 | ||||
| Total cash flows from financing | -$127 | -$894 | |||
| Effect of exchange rate | |||||
| Change in cash and equivalents | -$165 | ||||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $897 | $900 | ||
| Operating activities | ||||
| Depreciation | $102 | $110 | ||
| Business acquisitions & disposals | $11 | |||
| Stock-based compensation | $36 | $75 | ||
| Total cash flows from operations | $1,299 | $2,311 | ||
| Investing activities | ||||
| Capital expenditures | -$36 | -$10 | ||
| Investments | -$2,599 | $8,226 | ||
| Total cash flows from investing | -$2,605 | $8,313 | ||
| Financing activities | ||||
| Dividends paid | -$335 | -$324 | ||
| Sale and purchase of stock | -$5 | $24 | ||
| Net borrowings | ||||
| Total cash flows from financing | $1,900 | $194 | ||
| Effect of exchange rate | ||||
| Change in cash and equivalents | ||||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q2 | Thompson Investment Management, Inc |
-38.35%
|
442 | $6,970 |
| 2024 Q1 | Bank Of New York Mellon Corp |
+224.44%
|
28,518,551 | $439,185,686 |
| 2024 Q1 | Lsv Asset Management |
+143.00%
|
13,333,738 | $205,340 |
| 2024 Q1 | State Street Corp |
-19.79%
|
23,277,585 | $362,488,114 |
| 2024 Q1 | Blackrock |
+8.62%
|
62,736,950 | $966,149,023 |
| 2024 Q1 | Arrowstreet Capital, Limited Partnership |
-49.63%
|
2,911,352 | $44,835 |
| 2024 Q1 | Lmr Partners LL.P. |
-98.03%
|
50,439 | $776,761 |
| 2024 Q1 | Dimensional Fund Advisors L.P. |
+24.93%
|
12,045,148 | $185,495,286 |
| 2024 Q1 | Victory Capital Management Inc |
+458.59%
|
2,659,721 | $40,959,703 |
| 2024 Q1 | Wellington Management Group LL.P. |
-35.07%
|
3,884,467 | $59,820,792 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Blackrock | 11.47% | 62,736,950 | |
| Vanguard Group Inc | 10.38% | 56,775,050 | |
| Bank Of New York Mellon Corp | 5.21% | 28,518,551 | |
| State Street Corp | 4.26% | 23,277,585 | |
| Lsv Asset Management | 2.44% | 13,333,738 | |
| Dimensional Fund Advisors L.P. | 2.20% | 12,045,148 | |
| D. E. Shaw & Co | 1.79% | 9,806,335 | |
| North Reef Capital Management L.P. | 1.63% | 8,900,000 | |
| Geode Capital Management | 1.60% | 8,734,829 | |
| Soros Fund Management | 1.56% | 8,535,983 |
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