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First Horizon Corp  (FHN)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 

FHN's Operating Income Growth by Quarter and Year

First Horizon's Operating Income results by quarter and year




FHN Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 333.00 280.00 301.07
III Quarter September 194.00 346.00 298.00 541.25
II Quarter June 425.00 225.00 399.00 69.45
I Quarter March 331.00 255.00 307.00 21.24
FY   950.00 1,159.00 1,284.00 933.01



FHN Operating Income third quarter 2023 Y/Y Growth Comment
First Horizon Corp reported fall in Operating Income in the third quarter 2023 by -43.93% to $ 194.00 millions, from the same quarter in 2022.
The drop in the third quarter 2023 First Horizon Corp's Operating Income compares unfavorably to the Company's average Operating Income doubling of 131.03%.

Looking into third quarter 2023 results within Commercial Banks industry 22 other companies have achieved higher Operating Income growth. While First Horizon Corp' s Operating Income drop of -43.93% ranks overall at the positon no. 759 in the third quarter 2023.

Explain Operating Income growth


FHN Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 18.93 % -7 % -
III Quarter September -43.93 % 16.11 % -44.94 % 30.89 %
II Quarter June 88.89 % -43.61 % 474.51 % -82.22 %
I Quarter March 29.8 % -16.94 % 1345.39 % -93.91 %
FY   - -9.74 % 37.62 % 59.31 %

Financial Statements
First Horizon's third quarter 2023 Operating Income $ 194.00 millions FHN's Income Statement
First Horizon's third quarter 2022 Operating Income $ 346.00 millions Quarterly FHN's Income Statement
New: More FHN's historic Operating Income Growth >>


FHN Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -3.76 % -6.04 % -44.38 %
III Quarter September -54.35 % 53.78 % -25.31 % 679.34 %
II Quarter June 28.4 % -11.76 % 29.97 % 226.98 %
I Quarter March -0.6 % -8.93 % 1.97 % -
FY (Year on Year)   - -9.74 % 37.62 % 59.31 %




Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #23
Financial Sector #228
Overall #759

Operating Income Y/Y Growth Statistics
High Average Low
3607.2 % 131.03 % -446.23 %
(Dec. 30, 2014)   (Sep. 30, 2008)
Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #23
Financial Sector #228
Overall #759
Operating Income Y/Y Growth Statistics
High Average Low
3607.2 % 131.03 % -446.23 %
(Dec. 30, 2014)   (Sep. 30, 2008)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

First Horizon's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
679.39 % 28.8 % -100 %
(Sep 30 2020)  


FHN's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2023 First Horizon Corp realized fall in Operating Income sequentially by -54.35% to $ 194.00 millions, from $ 425.00 millions achived a quarter before.

Those periodic influence which usually energize III. Quarter 2023 performance, have not rescue the III. Quarter for the First Horizon Corp, Vihaan Kadam , an industry expert said, he voiced little pessimism towards FHN's perspective, he detected additional difficulties onward for the Commercial Banks's company and mentioned that average quarter on quarter Operating Income growth is at 28.8% for the Commercial Banks's company.

Within Commercial Banks industry 58 other companies have achieved higher Operating Income quarter on quarter growth. While First Horizon's Operating Income growth quarter on quarter, overall rank is 1544.


Operating Income Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #59
Financial Sector #467
Overall #1544
Operating Income Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #59
Financial Sector #467
Overall #1544
Operating Income Q/Q Growth Statistics
High Average Low
679.39 % 28.8 % -100 %
(Sep 30 2020)  


FHN's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2023 First Horizon Corp realized fall in Operating Income from the second quarter by -54.35% to $ 194.00 millions, from $ 425.00 millions released in the previous quarter.

Even seasonal circumstance which commonly energize III. Quarter 2023 results, it plainly could not be substantial to rescue Commercial Banks's company performance, Vihaan Kadam , an industry expert pointed out and mentioned that average quarter on quarter Operating Income growth is at 28.8% for FHN.

Within Commercial Banks industry 58 other companies have achieved higher Operating Income quarter on quarter growth. While First Horizon's Operating Income growth quarter on quarter, overall rank is 1544.


First Horizon's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Operating Income 12 Months Ending $ 1,283.00 $ 1,435.00 $ 1,235.00 $ 1,159.00 $ 1,106.00
Y / Y Operating Income Growth (TTM) 16 % 35.63 % 0.24 % -9.74 % -15.25 %
Year on Year Operating Income Growth Overall Ranking # 1356 # 1063 # 1108 # 423 # 973
Seqeuential Operating Income Change (TTM) -10.59 % 16.19 % 6.56 % 4.79 % 4.54 %
Seq. Operating Income Growth (TTM) Overall Ranking # 759 # 907 # 1220 # 1067 # 538




Cumulative Operating Income growth Comment
With the quarterly Operating Income reported in the Sep 30 2023 period, First Horizon's cumulative twelve months Operating Income were $ 1,283 millions, company would post below average annual Operating Income growth of 4.54% year on year, if the fiscal year would end at Sep 30 2023.
A slow-down in the First Horizon's Operating Income growth from the 425% growth in Jun 30 2023.

In the Financial sector 441 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1063 to 1356.

Operating Income TTM Q/Q Growth Statistics
High Average Low
3607.2 %
131.03 %
-446.23 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 23
Financial Sector # 442
Overall # 1356

Operating Income TTM Y/Y Growth Statistics
High Average Low
3607.2 %
131.03 %
-446.23 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 23
Sector # 228
S&P 500 # 759
Cumulative Operating Income growth Comment
With the quarterly Operating Income reported in the Sep 30 2023 period, First Horizon's cumulative twelve months Operating Income were $ 1,283 millions, company would post below average annual Operating Income growth of -446.23% year on year, if the fiscal year would end at Sep 30 2023.
A slow-down in the First Horizon's Operating Income growth from the 425% growth in Jun 30 2023.

In the Financial sector 441 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1063 to 1356.

Operating Income TTM Q/Q Growth Statistics
High Average Low
3607.2 %
131.03 %
-446.23 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 23
Financial Sector # 442
Overall # 1356

Operating Income TTM Y/Y Growth Statistics
High Average Low
3607.2 %
131.03 %
-446.23 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 23
Sector # 228
S&P 500 # 759




Other Operating Income Growth
Commercial Banks Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
FHN's Operating Income Growth Ratio versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for FHN's Competitors
Operating Income Growth for First Horizon's Suppliers
Operating Income Growth for FHN's Customers

You may also want to know
FHN's Annual Growth Rates FHN's Profitability Ratios FHN's Asset Turnover Ratio FHN's Dividend Growth
FHN's Roe FHN's Valuation Ratios FHN's Financial Strength Ratios FHN's Dividend Payout Ratio
FHN's Roa FHN's Inventory Turnover Ratio FHN's Growth Rates FHN's Dividend Comparisons



Companies with similar Operating Income fall for the quarter ending Sep 30 2023 within Financial SectorY/Y Change %Operating Income for the quarter ending Sep 30 2023
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Crossfirst Bankshares Inc -1.22%$ -1.222 millions
Atlanticus Holdings Corp-1.33%$ -1.330 millions
Brixmor Property Group Inc -1.43%$ -1.430 millions
California Bancorp-1.57%$ -1.571 millions
Onemain Holdings Inc -1.60%$ -1.600 millions
Unity Bancorp inc -1.66%$ -1.658 millions
Bank7 Corp -1.92%$ -1.922 millions
Wsfs Financial Corporation-1.96%$ -1.961 millions
First Capital Inc-2.21%$ -2.212 millions
Gladstone Land Corp-2.54%$ -2.541 millions
Peakstone Realty Trust-2.63%$ -2.627 millions
Kimco Realty Corporation-2.63%$ -2.631 millions
Amerisafe Inc -3.00%$ -3.002 millions
Community Healthcare Trust inc-3.01%$ -3.006 millions
Commerce Bancshares Inc -3.11%$ -3.109 millions
American International Group Inc -3.37%$ -3.370 millions
Connectone Bancorp Inc -3.42%$ -3.420 millions
Hannon Armstrong Sustainable Infrastructure Capita-3.57%$ -3.573 millions
Prologis Inc -3.59%$ -3.592 millions
Live Oak Bancshares Inc -3.68%$ -3.679 millions
Consumers Bancorp Inc-3.69%$ -3.685 millions
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Bank Of Hawaii Corporation-4.35%$ -4.351 millions




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