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First Horizon Corp  (FHN)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $14.8000 $0.12 0.817%
Day's High: $14.7 Week Perf: 0.34 %
Day's Low: $ 14.55 30 Day Perf: 5.19 %
Volume (M): 144 52 Wk High: $ 18.99
Volume (M$): $ 2,102 52 Wk Avg: $13.11
Open: $14.58 52 Wk Low: $8.99



 Market Capitalization (Millions $) 8,313
 Shares Outstanding (Millions) 562
 Employees -
 Revenues (TTM) (Millions $) 3,207
 Net Income (TTM) (Millions $) 916
 Cash Flow (TTM) (Millions $) 188
 Capital Exp. (TTM) (Millions $) 0

First Horizon Corp
First Tennessee National Corporation'is a Tennessee corporation incorporated in 1968. The Corporation is registered as a bank holding company under the Bank Holding Company Act of 1956, as amended, and is a financial holding company under the provisions of the Gramm-Leach-Bliley Act.

Through its principal subsidiary, First Tennessee Bank National Association (the "Bank"), and its other banking-related subsidiaries, the Corporation provides diversified financial services though five business segments, First Tennessee Banking Group, First Horizon, FTN Financial, Transaction Processing and Corporate.

The Corporation provides the following services through its subsidiaries:

o'general banking services for consumers, businesses, financial
institutions, and governments

o'mortgage banking services

o'through FTN Financial-sales and underwriting of bank-eligible
securities and securities eligible for underwriting by financial
subsidiaries, mortgage loans and advisory services, and equity
research.

o'transaction processing - credit card merchant processing,
nationwide check clearing services, and remittance processing

o'trust, fiduciary, and agency services

o'credit card products

o'discount brokerage and brokerage

o'venture capital

o'equipment finance

o'investment and financial advisory services, including investment
advisor to First Funds, a family of mutual funds

o'mutual fund sales as agent

o'retail and commercial insurance sales as agent

o'private mortgage reinsurance

o'consumer lending

An element of the Corporations business strategy is to seek acquisitions and consider divestitures that would enhance long-term shareholder value. The Corporation has a department charged with this responsibility which is constantly reviewing and developing opportunities to achieve this element of the Corporations strategy.

Competition.

The Corporation and its subsidiaries face substantial competition in all aspects of the businesses in which they engage from national and state banks located in Tennessee and large out-of-state banks as well as from savings and loan associations, credit unions, other financial institutions, consumer finance companies, trust companies, investment counseling firms, money market mutual funds, insurance companies, securities firms, mortgage banking companies and others.



   Company Address: 165 Madison Avenue Memphis, 38103 TN
   Company Phone Number: 523-4444   Stock Exchange / Ticker: NYSE FHN
   


Customers Net Income grew by FHN's Customers Net Profit Margin grew to

7.2 %

10.76 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC        0.14% 
C        2.05% 
COF   -2.85%    
JPM        1.49% 
PNC   -0.91%    
WFC        0.28% 
• View Complete Report
   



First Horizon Corp

First Horizon Corp's EPS Plummets Amid Weak Sales in Q4 2023



First Horizon Corp, a leading commercial banks company, recently released its financial results for the fourth quarter of 2023, highlighting a decline in both top and bottom-line figures. This article aims to interpret the financial results and explore their potential impact on the company going forward.
Decrease in EPS and Revenue:
In Q4 2023, First Horizon Corp experienced a 27.4% drop in earnings per share (EPS) and a 10.287% decrease in revenue compared to the same period the previous year. The EPS plummeted from $0.43 to $0.31, while revenue fell from $836 million to $750 million. These figures are in stark contrast to the overall commercial banks sector, which saw a rise in top-line revenue.

First Horizon Corp

Commercial Banks Giant, First Horizon Corp, Faces Steep Drop in Income per Share for Q3 of 2023 Financial Year



In its financial report for the July to September 30, 2023 period, First Horizon Corp, a Commercial Banks company, announced a significant decrease in both top and bottom lines. The company's earnings per share (EPS) plummeted by -48.89%, while revenue fell by -18.037% year on year. These results are in sharp contrast to the rest of the Commercial Banks sector, which witnessed revenue growth during the same period. This article will outline the key financial facts from First Horizon Corp's report and provide context for the company's recent stock performance.
Financial Results:
1. EPS: First Horizon Corp's EPS decreased from $0.45 to $0.23, representing a decline of -48.89% compared to the same period in the previous year.

First Horizon Corp

Banking Giant, First Horizon Corp, Shatters Records with Stunning 93.1% Income Boost in Q2 2023!

First Horizon Corp Reports Impressive Financial Results for the Second Quarter of 2023
First Horizon Corp, a leading Commercial Banks company, has released its financial report for the three months ending June 30, 2023. The company's income per share saw a significant surge of 93.1% to $0.56 per share compared to the same period a year before. This growth can be attributed to a remarkable increase in revenue of 37.447% to $980.00 million.
During the preceding reporting period, First Horizon Corp recorded revenue of $809.00 million and income per share of $0.43. Thus, the second quarter of 2023 showcased a substantial improvement for the company. Furthermore, the net earnings for this period amounted to $329.000 million, representing an impressive increase of 85.88% compared to $177.000 million in the second quarter of 2022.

First Horizon Corp

First Horizon Corp's Financial Performance Soars, with Strong Revenue Surge in Fiscal Year Ending March 31, 2023

First Horizon Corp is a US-based financial services company that provides various banking products and services through its subsidiaries. The company's operations include retail and commercial banking, wealth management, and mortgage banking.
The most recent financial results for First Horizon Corp indicate a strong performance, with revenue increasing by 8.155% to $809.00 million in the fiscal time-frame ending March 31, 2023, compared to $748.00 million on a year-over-year basis. The company's net profit per share also increased from $0.34 to $0.43. However, Q4 revenue decreased by -3.23% from $836.00 million, and net profit per share decreased by -0.84% from $0.43 per share.






 

First Horizon's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
First Horizon does not provide revenue guidance.

Earnings Outlook
First Horizon Corp does not provide earnings estimates.

 
Geographic Revenue Dispersion

First Horizon's Operating Statistics Decrease / Increase
       
Interest Spread   Interest Spread Decline   
Interest margin   Interest margin Decline   
Nonperforming Assets Ratio   Nonperforming Assets Ratio Decline   
Allowance for loan losses   Allowance for loan losses Decline   
Tier1 Capital Ratio   Tier1 Capital Ratio Decline   
Total Capital Ratio   Total Capital Ratio Decline   
Leverage Ratio     
Tangible Common Equity Ratio   Tangible Common Equity Ratio Decline   
Efficiency Ratio   Efficiency Ratio Decline   




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