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First Horizon (FHN) Financials

First Horizon logo
$20.09 -0.22 (-1.08%)
As of 05/20/2025 03:58 PM Eastern
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Annual Income Statements for First Horizon

Annual Income Statements for First Horizon

This table shows First Horizon's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders		 738 1,730 868 962 822 435 539 159 221 80
Consolidated Net Income / (Loss)		 794 916 912 1,010 857 452 557 177 239 97
Net Income / (Loss) Continuing Operations		 794 916 912 1,010 857 452 714 177 239 97
Total Pre-Tax Income 		1,005 1,128 1,159 1,284 933 586 714 309 345 108
Total Revenue		 3,190 3,467 3,207 3,070 3,154 1,864 1,943 1,333 1,282 1,171
Net Interest Income / (Expense)		 2,511 2,540 2,392 1,994 1,662 1,210 1,220 842 729 654
Total Interest Income		 4,352 4,100 2,683 2,158 1,898 1,624 1,546 990 818 736
Loans and Leases Interest Income		 3,910 3,626 2,331 1,990 1,752 1,425 1,331 834 685 606
Investment Securities Interest Income		 326 325 256 151 140 168 189 141 128 94
Other Interest Income		 116 149 96 17 6.00 31 26 15 4.25 1.65
Total Interest Expense		 1,841 1,560 291 164 236 414 326 148 89 83
Deposits Interest Expense		 1,620 1,266 184 81 152 307 217 80 40 25
Short-Term Borrowings Interest Expense		 130 210 23 5.00 14 41 37 16 4.74 3.17
Long-Term Debt Interest Expense		 91 84 84 78 70 66 72 52 44 54
Total Non-Interest Income		 679 927 815 1,076 1,492 654 723 490 552 517
Trust Fees by Commissions		 224 226 219 226 187 162 163 139 136 140
Other Service Charges		 357 347 373 431 355 213 168 119 132 129
Net Realized & Unrealized Capital Gains on Investments		 -89 221 18 13 527 0.00 213 0.59 1.34 1.38
Other Non-Interest Income		 187 133 205 406 423 279 179 232 283 246
Provision for Credit Losses		 150 260 95 -310 503 45 8.00 0.00 11 9.00
Total Non-Interest Expense		 2,035 2,079 1,953 2,096 1,718 1,233 1,221 1,024 925 1,054
Salaries and Employee Benefits		 1,137 1,100 1,101 1,210 1,033 695 658 587 564 512
Net Occupancy & Equipment Expense		 266 252 260 264 214 160 180 128 120 121
Marketing Expense		 48 71 50 37 18 34 25 19 22 19
Property & Liability Insurance Claims		 128 171 94 92 84 72 57 39 43 34
Other Operating Expenses		 412 438 397 403 322 224 275 241 171 362
Amortization Expense		 44 47 51 56 40 25 26 8.73 5.20 5.25
Income Tax Expense		 211 212 247 274 76 134 - 132 107 11
Preferred Stock Dividends Declared		 37 32 32 37 23 6.00 6.00 6.20 6.20 6.20
Net Income / (Loss) Attributable to Noncontrolling Interest		 19 19 12 11 12 11 12 11 11 11
Basic Earnings per Share		 $1.37 $1.58 $1.62 $1.76 $1.90 $1.39 $1.66 $0.66 $0.95 $0.34
Weighted Average Basic Shares Outstanding		 540.32M 548.41M 535.03M 546.35M 432.13M 313.64M 324.38M 241.44M 232.70M 234.19M
Diluted Earnings per Share		 $1.36 $1.54 $1.53 $1.74 $1.89 $1.38 $1.65 $0.65 $0.94 $0.34
Weighted Average Diluted Shares Outstanding		 544.29M 561.73M 566.00M 551.24M 433.72M 315.66M 327.45M 244.45M 235.29M 236.27M
Weighted Average Basic & Diluted Shares Outstanding		 521.77M 558.81M 537.34M 533.63M 555.47M 311.60M 324.60M 241.40M 232.50M 234.40M
Cash Dividends to Common per Share		 $0.60 $0.60 $0.60 $0.60 $0.60 $0.56 $0.48 $0.36 $0.28 $0.24

Quarterly Income Statements for First Horizon

This table shows First Horizon's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 213 -56 426 184 184 912 258 317 243 258 257
Consolidated Net Income / (Loss)		 222 170 223 204 197 190 142 329 255 269 268
Net Income / (Loss) Continuing Operations		 222 170 223 204 197 190 142 329 255 269 268
Total Pre-Tax Income 		285 210 281 260 254 178 194 425 331 333 346
Total Revenue		 812 729 827 815 819 800 778 1,030 859 881 875
Net Interest Income / (Expense)		 631 630 627 629 625 617 605 630 688 709 662
Total Interest Income		 1,014 1,067 1,119 1,093 1,073 1,085 1,080 1,015 920 857 733
Loans and Leases Interest Income		 904 959 1,006 984 961 962 956 891 817 749 626
Investment Securities Interest Income		 89 84 82 80 80 81 81 81 82 80 69
Other Interest Income		 21 24 31 29 32 42 43 43 21 28 38
Total Interest Expense		 383 437 492 464 448 468 475 385 232 148 71
Deposits Interest Expense		 329 389 434 399 398 421 409 265 171 112 43
Short-Term Borrowings Interest Expense		 29 26 35 41 28 27 46 99 38 13 7.00
Long-Term Debt Interest Expense		 25 22 23 24 22 20 20 21 23 23 21
Total Non-Interest Income		 181 99 200 186 194 183 173 400 171 172 213
Trust Fees by Commissions		 52 56 57 56 55 58 58 57 53 54 54
Other Service Charges		 80 86 95 89 87 93 87 88 79 63 104
Other Non-Interest Income		 49 48 47 40 52 36 28 30 39 55 43
Provision for Credit Losses		 40 10 35 55 50 50 110 50 50 45 60
Total Non-Interest Expense		 487 509 511 500 515 572 474 555 478 503 469
Salaries and Employee Benefits		 279 275 282 279 301 278 266 285 271 281 275
Net Occupancy & Equipment Expense		 68 70 68 65 63 64 62 62 64 65 65
Marketing Expense		 10 12 14 14 8.00 24 16 17 14 17 12
Property & Liability Insurance Claims		 27 30 26 34 38 99 27 25 20 28 18
Other Operating Expenses		 93 111 110 97 94 96 91 154 97 101 86
Amortization Expense		 10 11 11 11 11 11 12 12 12 12 13
Income Tax Expense		 63 40 58 56 57 -12 52 96 76 64 78
Preferred Stock Dividends Declared		 5.00 9.00 5.00 15 8.00 8.00 8.00 8.00 8.00 8.00 8.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 4.00 4.00 5.00 5.00 5.00 6.00 5.00 4.00 4.00 3.00 3.00
Basic Earnings per Share		 $0.41 $0.30 $0.40 $0.34 $0.33 $0.31 $0.23 $0.59 $0.45 $0.48 $0.48
Weighted Average Basic Shares Outstanding		 517.12M 540.32M 534.22M 543.98M 554.98M 548.41M 558.56M 539.12M 536.94M 535.03M 535.99M
Diluted Earnings per Share		 $0.41 $0.29 $0.40 $0.34 $0.33 $0.32 $0.23 $0.56 $0.43 $0.45 $0.45
Weighted Average Diluted Shares Outstanding		 523.42M 544.29M 537.97M 547.09M 557.87M 561.73M 561.42M 560.88M 571.99M 566.00M 570.15M
Weighted Average Basic & Diluted Shares Outstanding		 507.23M 521.77M 530.14M 535.89M 546.87M 558.81M 558.77M 558.70M 537.81M 537.34M 536.80M
Cash Dividends to Common per Share		 $0.15 $0.15 $0.15 $0.15 $0.15 $0.15 $0.15 $0.15 $0.15 $0.15 $0.15

Annual Cash Flow Statements for First Horizon

This table details how cash moves in and out of First Horizon's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents		 -194 188 -245 140 381 -138 -47 414 6.73 -40
Net Cash From Operating Activities		 1,268 1,299 2,291 725 172 830 234 -29 180 367
Net Cash From Continuing Operating Activities		 1,268 1,299 2,291 725 172 830 234 -29 180 367
Net Income / (Loss) Continuing Operations		 794 916 912 1,010 857 452 557 177 239 97
Consolidated Net Income / (Loss)		 794 916 912 1,010 857 452 557 177 239 97
Provision For Loan Losses		 150 260 95 -310 503 45 8.00 -20 -20 9.00
Depreciation Expense		 55 55 59 61 52 44 47 35 59 55
Amortization Expense		 46 47 26 -16 10 22 12 36 5.20 5.25
Non-Cash Adjustments to Reconcile Net Income		 -788 -1,142 -921 -1,844 -1,250 -1,156 -494 -68 -37 56
Changes in Operating Assets and Liabilities, net		 1,011 1,163 2,120 1,824 - 1,423 104 -189 -65 144
Net Cash From Investing Activities		 -1,058 -2,605 8,333 -4,601 -4,967 -2,390 480 -1,325 -2,466 -518
Net Cash From Continuing Investing Activities		 -1,058 -2,605 8,333 -4,601 -4,967 -2,390 480 -1,325 -2,466 -518
Purchase of Property, Leasehold Improvements and Equipment		 -44 -37 -28 -53 -58 -49 -48 -53 -63 -40
Purchase of Investment Securities		 -2,875 -3,564 -6,683 -931 -11,732 -3,387 -611 -2,825 -3,628 -2,298
Sale of Property, Leasehold Improvements and Equipment		 8.00 1.00 18 42 12 20 30 3.42 11 41
Divestitures		 0.00 11 0.00 0.00 - - - 0.00 0.00 -
Sale and/or Maturity of Investments		 1,853 984 15,026 -3,678 4,740 1,026 865 1,550 1,213 1,778
Net Cash From Financing Activities		 -404 1,494 -10,869 4,016 5,176 1,422 -761 1,768 2,293 111
Net Cash From Continuing Financing Activities		 -404 1,494 -10,869 4,016 5,176 1,422 -761 1,768 2,293 111
Net Change in Deposits		 -201 2,289 -11,406 4,919 7,143 -253 2,093 -197 2,706 1,555
Issuance of Debt		 851 43 382 -183 -327 -396 21 2,209 10 496
Issuance of Preferred Equity		 0.00 0.00 494 145 144 0.00 0.00 - - -
Repayment of Debt		 43 -449 4.00 - -1,529 2,384 -2,618 -147 -268 -1,843
Repurchase of Preferred Equity		 -100 0.00 0.00 -100 0.00 0.00 - - - -
Repurchase of Common Equity		 -626 -10 -12 -416 -4.00 -134 -105 -5.55 -97 -33
Payment of Dividends		 -380 -384 -367 -377 -251 -188 -157 -98 -81 -72
Other Financing Activities, Net		 9.00 5.00 36 28 0.00 9.00 5.00 6.13 22 7.22
Cash Interest Paid		 1,869 1,428 280 170 261 411 308 140 92 91
Cash Income Taxes Paid		 113 142 27 288 141 99 91 63 16 49

Quarterly Cash Flow Statements for First Horizon

This table details how cash moves in and out of First Horizon's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 106 -499 580 -110 -165 293 19 123 -247 -340 38
Net Cash From Operating Activities		 349 191 389 -150 838 365 698 305 -69 5.00 768
Net Cash From Continuing Operating Activities		 349 191 389 -150 838 365 698 305 -69 5.00 768
Net Income / (Loss) Continuing Operations		 222 170 223 204 197 189 142 330 255 270 268
Consolidated Net Income / (Loss)		 222 170 223 204 197 189 142 330 255 270 268
Provision For Loan Losses		 40 10 35 55 50 50 110 50 50 45 60
Depreciation Expense		 14 14 14 13 14 14 13 14 14 14 15
Amortization Expense		 8.00 5.00 17 12 12 -3.00 17 17 16 -10 25
Non-Cash Adjustments to Reconcile Net Income		 -170 -673 397 -242 -270 -1,017 908 -613 -420 -889 62
Changes in Operating Assets and Liabilities, net		 235 665 -297 -192 835 1,132 -492 507 16 575 338
Net Cash From Investing Activities		 693 -256 482 -408 -876 1,228 2,273 -4,084 -2,022 1,178 4,435
Net Cash From Continuing Investing Activities		 693 -256 482 -408 -876 1,228 2,273 -4,084 -2,022 1,178 4,435
Purchase of Property, Leasehold Improvements and Equipment		 -9.00 -17 -6.00 -11 -10 -14 -9.00 -9.00 -5.00 -6.00 -3.00
Purchase of Investment Securities		 88 -1,434 122 -1,054 -509 964 -1,092 -2,266 -1,170 -1,043 -2,137
Sale and/or Maturity of Investments		 603 1,195 363 656 -361 266 3,382 -1,815 -849 2,240 6,563
Other Investing Activities, net		 11 - - 1.00 4.00 - - 6.00 2.00 - 10
Net Cash From Financing Activities		 -936 -434 -291 448 -127 -1,300 -2,952 3,902 1,844 -1,523 -5,165
Net Cash From Continuing Financing Activities		 -936 -434 -291 448 -127 -1,300 -2,952 3,902 1,844 -1,523 -5,165
Net Change in Deposits		 -1,373 -995 1,780 -947 -39 -1,237 1,582 3,993 -2,049 -2,526 -4,535
Issuance of Debt		 892 794 -1,927 1,819 165 34 -4,431 461 3,979 1,089 -536
Repayment of Debt		 -1.00 12 25 2.00 4.00 - -7.00 -450 8.00 -1.00 -4.00
Repurchase of Common Equity		 -365 -164 -75 -228 -159 - - -6.00 -4.00 - -2.00
Payment of Dividends		 -92 -89 -94 -99 -98 -97 -96 -96 -95 -91 -92
Other Financing Activities, Net		 3.00 8.00 - 1.00 0.00 - - - 5.00 6.00 4.00
Cash Interest Paid		 372 477 428 544 420 467 431 330 200 153 56
Cash Income Taxes Paid		 4.00 14 7.00 89 3.00 5.00 98 34 5.00 12 3.00

Annual Balance Sheets for First Horizon

This table presents First Horizon's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets		 82,152 81,661 78,953 89,092 84,209 43,311 40,832 41,423 28,555 26,193
Cash and Due from Banks		 906 1,012 1,061 1,147 1,203 634 781 639 373 301
Federal Funds Sold		 631 719 482 641 445 633 238 87 51 114
Interest Bearing Deposits at Other Banks		 1,538 1,328 1,384 14,907 8,351 482 1,278 1,186 1,060 603
Trading Account Securities		 11,104 11,628 12,172 12,192 10,255 6,385 7,150 8,022 5,580 5,568
Loans and Leases, Net of Allowance		 62,565 61,292 58,102 0.00 58,232 -200 27,355 27,469 19,387 17,476
Loans and Leases		 62,565 61,292 58,102 - 58,232 - 27,536 27,659 19,590 17,687
Premises and Equipment, Net		 574 590 612 665 759 455 494 532 289 276
Goodwill		 1,510 1,510 1,511 1,511 1,511 1,433 1,433 1,387 191 191
Intangible Assets		 143 186 234 298 354 131 155 184 21 26
Other Assets		 3,181 3,396 3,395 57,731 3,099 33,358 1,949 1,917 1,602 1,637
Total Liabilities & Shareholders' Equity		 82,152 81,661 78,953 89,092 84,209 43,311 40,832 41,423 28,555 26,193
Total Liabilities		 73,041 72,370 70,406 80,598 75,902 38,235 36,047 36,843 25,850 23,553
Non-Interest Bearing Deposits		 16,021 17,204 23,466 27,883 22,173 8,429 16,513 16,425 11,889 10,924
Interest Bearing Deposits		 49,560 48,576 40,023 47,012 47,809 24,001 16,170 14,196 10,783 9,043
Short-Term Debt		 3,400 2,549 2,506 2,124 2,198 3,518 887 3,332 557 499
Long-Term Debt		 1,195 1,150 1,597 1,590 1,670 791 1,171 1,218 1,041 1,313
Other Long-Term Liabilities		 2,865 2,891 2,814 1,989 2,052 1,496 1,049 1,273 1,166 1,310
Total Equity & Noncontrolling Interests		 9,111 9,291 8,547 8,494 8,307 5,076 4,785 4,580 2,705 2,640
Total Preferred & Common Equity		 8,816 8,996 8,252 8,199 8,012 4,781 4,490 4,285 2,410 2,344
Preferred Stock		 426 520 1,014 520 470 96 96 96 96 96
Total Common Equity		 8,390 8,476 7,238 7,679 7,542 4,685 4,394 4,189 2,314 2,249
Common Stock		 5,136 5,700 5,176 5,076 5,421 3,126 3,229 3,352 1,533 1,588
Retained Earnings		 4,382 3,964 3,430 2,891 2,261 1,798 1,542 1,160 1,029 874
Accumulated Other Comprehensive Income / (Loss)		 -1,128 -1,188 -1,368 -288 -140 -239 -377 -323 -248 -214
Noncontrolling Interest		 295 295 295 295 295 295 295 295 295 295

Quarterly Balance Sheets for First Horizon

This table presents First Horizon's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 81,491 82,635 82,230 81,799 82,533 85,071 80,729 80,299
Cash and Due from Banks		 915 1,028 969 749 1,022 1,137 987 1,193
Federal Funds Sold		 728 1,008 487 817 416 282 309 690
Interest Bearing Deposits at Other Banks		 1,164 1,286 1,452 1,885 1,917 4,523 2,488 3,241
Trading Account Securities		 11,219 11,573 10,941 11,015 11,279 11,797 12,088 12,204
Loans and Leases, Net of Allowance		 62,215 62,445 62,781 61,753 61,778 61,295 0.00 57,354
Loans and Leases		 62,215 62,445 62,781 61,753 61,778 61,295 - 57,354
Premises and Equipment, Net		 569 572 584 586 590 595 603 622
Goodwill		 1,510 1,510 1,510 1,510 1,511 1,511 1,511 1,511
Intangible Assets		 133 154 165 175 198 210 222 246
Other Assets		 3,038 3,059 3,341 3,309 3,822 3,721 62,521 3,238
Total Liabilities & Shareholders' Equity		 81,491 82,635 82,230 81,799 82,533 85,071 80,729 80,299
Total Liabilities		 72,447 73,319 73,275 72,626 73,740 76,111 71,834 72,016
Non-Interest Bearing Deposits		 15,835 16,212 16,348 16,410 17,825 18,801 21,134 25,813
Interest Bearing Deposits		 48,373 50,363 48,446 49,331 49,190 46,632 40,306 40,202
Short-Term Debt		 3,795 2,585 4,515 2,703 2,507 6,946 6,484 1,416
Long-Term Debt		 1,691 1,202 1,175 1,165 1,157 1,156 1,605 1,597
Other Long-Term Liabilities		 2,753 2,957 2,791 3,017 3,061 2,576 2,305 2,988
Total Equity & Noncontrolling Interests		 9,044 9,316 8,955 9,173 8,793 8,960 8,895 8,283
Total Preferred & Common Equity		 8,749 9,021 8,660 8,878 8,498 8,665 8,600 7,988
Preferred Stock		 426 426 426 520 520 520 1,014 1,014
Total Common Equity		 8,323 8,595 8,234 8,358 7,978 8,145 7,586 6,974
Common Stock		 4,789 5,280 5,343 5,557 5,686 5,674 5,199 5,147
Retained Earnings		 4,517 4,304 4,172 4,072 3,874 3,830 3,595 3,254
Accumulated Other Comprehensive Income / (Loss)		 -983 -989 -1,281 -1,271 -1,582 -1,359 -1,208 -1,427
Noncontrolling Interest		 295 295 295 295 295 295 295 295

Annual Metrics And Ratios for First Horizon

This table displays calculated financial ratios and metrics derived from First Horizon's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -7.99% 8.11% 4.46% -2.66% 69.21% -4.07% 45.81% 3.98% 9.43% -0.57%
EBITDA Growth		 -10.08% -1.13% -6.40% 33.57% 52.61% -15.65% 103.53% -7.37% 142.60% -54.95%
EBIT Growth		 -10.90% -2.67% -9.74% 37.62% 59.22% -17.93% 131.16% -10.56% 218.99% -65.98%
NOPAT Growth		 -13.32% 0.44% -9.70% 17.85% 89.60% -36.69% 303.44% -25.80% 145.10% -58.42%
Net Income Growth		 -13.32% 0.44% -9.70% 17.85% 89.60% -18.85% 214.72% -25.80% 145.10% -58.42%
EPS Growth		 -11.69% 0.65% -12.07% -7.94% 36.96% -16.36% 153.85% -30.85% 176.47% -62.64%
Operating Cash Flow Growth		 -2.39% -43.30% 216.00% 321.51% -79.28% 254.70% 912.56% -116.00% -51.01% -47.87%
Free Cash Flow Firm Growth		 -86.46% 22.55% -51.89% 150.54% 7.50% -169.63% 164.53% -1,302.08% -54.23% 1,162.96%
Invested Capital Growth		 5.51% 2.69% 3.62% 0.27% 29.73% 37.14% -25.05% 112.19% -3.33% -14.39%
Revenue Q/Q Growth		 -2.18% -2.28% 4.50% -2.17% 11.16% 4.59% 1.96% 4.36% 1.65% 1.76%
EBITDA Q/Q Growth		 3.75% -10.74% 4.19% -2.35% 17.59% 5.08% 14.05% -12.76% 7.02% -4.45%
EBIT Q/Q Growth		 3.29% -12.08% 4.79% -1.61% 18.16% 5.94% 16.12% -15.38% 8.68% -9.37%
NOPAT Q/Q Growth		 -2.46% -7.94% 4.71% -1.66% 16.93% -18.29% 75.29% -37.48% 2.71% -0.22%
Net Income Q/Q Growth		 -2.46% -7.94% 4.71% -1.66% 16.93% 4.54% 36.75% -37.48% 2.71% -0.22%
EPS Q/Q Growth		 -2.16% -7.78% 3.38% -15.94% 23.53% 5.34% 48.65% -41.96% 3.30% 0.00%
Operating Cash Flow Q/Q Growth		 -12.07% 38.34% -6.22% -28.43% 207.79% -23.25% 54.32% -121.98% 267.36% 12.46%
Free Cash Flow Firm Q/Q Growth		 -53.57% 446.99% -75.47% -13.82% 20.96% -111.35% 354.67% -450.54% 215.86% -37.49%
Invested Capital Q/Q Growth		 4.60% 4.28% 11.99% -1.08% -2.19% 1.25% -11.44% 48.66% -14.18% 0.08%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 34.67% 35.48% 38.79% 43.29% 31.55% 34.98% 39.78% 28.50% 31.99% 14.43%
EBIT Margin		 31.50% 32.54% 36.14% 41.82% 29.58% 31.44% 36.75% 23.18% 26.95% 9.24%
Profit (Net Income) Margin		 24.89% 26.42% 28.44% 32.90% 27.17% 24.25% 28.67% 13.28% 18.61% 8.31%
Tax Burden Percent		 79.01% 81.21% 78.69% 78.66% 91.85% 77.13% 78.01% 57.30% 69.07% 89.89%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 21.00% 18.79% 21.31% 21.34% 8.15% 22.87% 0.00% 42.70% 30.93% 10.11%
Return on Invested Capital (ROIC)		 5.95% 7.15% 7.34% 8.28% 7.95% 5.57% 8.94% 2.63% 5.45% 2.02%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.95% 7.15% 7.34% 8.28% 7.95% 5.57% 4.19% 2.63% 5.45% 2.02%
Return on Net Nonoperating Assets (RNNOA)		 2.68% 3.13% 3.37% 3.74% 4.86% 3.60% 2.95% 2.22% 3.48% 1.71%
Return on Equity (ROE)		 8.63% 10.27% 10.70% 12.02% 12.81% 9.17% 11.89% 4.86% 8.93% 3.73%
Cash Return on Invested Capital (CROIC)		 0.58% 4.49% 3.78% 8.01% -17.93% -25.75% 37.58% -69.24% 8.84% 17.52%
Operating Return on Assets (OROA)		 1.23% 1.40% 1.38% 1.48% 1.46% 1.39% 1.74% 0.88% 1.26% 0.42%
Return on Assets (ROA)		 0.97% 1.14% 1.09% 1.17% 1.34% 1.07% 1.35% 0.51% 0.87% 0.38%
Return on Common Equity (ROCE)		 7.91% 9.05% 9.37% 10.89% 11.70% 8.44% 10.90% 4.34% 7.62% 3.17%
Return on Equity Simple (ROE_SIMPLE)		 9.01% 10.18% 11.05% 12.32% 10.70% 9.45% 12.41% 4.13% 9.90% 4.15%
Net Operating Profit after Tax (NOPAT)		 794 916 912 1,010 857 452 714 177 239 97
NOPAT Margin		 24.89% 26.42% 28.44% 32.90% 27.17% 24.25% 36.75% 13.28% 18.61% 8.31%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.75% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 45.49% 41.04% 44.00% 49.22% 40.11% 47.69% 44.42% 55.13% 55.05% 55.68%
Operating Expenses to Revenue		 63.79% 59.97% 60.90% 68.27% 54.47% 66.15% 62.84% 76.82% 72.20% 89.99%
Earnings before Interest and Taxes (EBIT)		 1,005 1,128 1,159 1,284 933 586 714 309 345 108
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,106 1,230 1,244 1,329 995 652 773 380 410 169
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.26 0.89 1.66 1.02 0.80 0.89 0.76 0.85 1.50 1.11
Price to Tangible Book Value (P/TBV)		 1.57 1.11 2.18 1.34 1.07 1.34 1.19 1.36 1.65 1.23
Price to Revenue (P/Rev)		 3.32 2.18 3.74 2.56 1.92 2.24 1.71 2.67 2.71 2.12
Price to Earnings (P/E)		 14.35 4.37 13.81 8.16 7.38 9.60 6.18 22.35 15.75 31.23
Dividend Yield		 3.00% 4.44% 2.69% 4.14% 5.48% 4.17% 4.67% 2.83% 1.88% 2.26%
Earnings Yield		 6.97% 22.89% 7.24% 12.26% 13.54% 10.42% 16.18% 4.48% 6.35% 3.20%
Enterprise Value to Invested Capital (EV/IC)		 0.94 0.69 1.14 0.00 0.06 0.76 0.51 0.72 0.93 0.83
Enterprise Value to Revenue (EV/Rev)		 4.02 2.60 4.51 0.00 0.22 3.82 1.79 4.94 3.11 3.14
Enterprise Value to EBITDA (EV/EBITDA)		 11.60 7.33 11.64 0.00 0.71 10.93 4.51 17.35 9.71 21.73
Enterprise Value to EBIT (EV/EBIT)		 12.77 7.99 12.49 0.00 0.75 12.16 4.88 21.33 11.53 33.93
Enterprise Value to NOPAT (EV/NOPAT)		 16.16 9.84 15.87 0.00 0.82 15.77 4.88 37.23 16.70 37.74
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.12 6.94 6.32 0.00 4.09 8.59 14.89 0.00 22.13 10.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 164.50 15.65 30.80 0.00 0.00 0.00 1.16 0.00 10.29 4.35
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.50 0.40 0.48 0.44 0.47 0.85 0.43 0.99 0.59 0.69
Long-Term Debt to Equity		 0.13 0.12 0.19 0.19 0.20 0.16 0.24 0.27 0.38 0.50
Financial Leverage		 0.45 0.44 0.46 0.45 0.61 0.65 0.71 0.84 0.64 0.85
Leverage Ratio		 8.90 9.00 9.86 10.31 9.53 8.53 8.78 9.61 10.24 9.93
Compound Leverage Factor		 8.90 9.00 9.86 10.31 9.53 8.53 8.78 9.61 10.24 9.93
Debt to Total Capital		 33.53% 28.48% 32.43% 30.42% 31.77% 45.91% 30.07% 49.83% 37.13% 40.70%
Short-Term Debt to Total Capital		 24.81% 19.62% 19.81% 17.40% 18.05% 37.49% 12.96% 36.49% 12.95% 11.21%
Long-Term Debt to Total Capital		 8.72% 8.85% 12.62% 13.02% 13.72% 8.43% 17.11% 13.34% 24.18% 29.49%
Preferred Equity to Total Capital		 3.11% 4.00% 8.02% 4.26% 3.86% 1.02% 1.40% 1.05% 2.22% 2.15%
Noncontrolling Interests to Total Capital		 2.15% 2.27% 2.33% 2.42% 2.42% 3.14% 4.32% 3.24% 6.87% 6.64%
Common Equity to Total Capital		 61.21% 65.25% 57.22% 62.90% 61.95% 49.92% 64.21% 45.88% 53.78% 50.51%
Debt to EBITDA		 4.15 3.01 3.30 2.79 3.89 6.61 2.66 11.98 3.90 10.72
Net Debt to EBITDA		 1.37 0.52 0.95 -9.77 -6.16 3.93 -0.31 6.95 0.28 4.70
Long-Term Debt to EBITDA		 1.08 0.94 1.28 1.20 1.68 1.21 1.51 3.21 2.54 7.77
Debt to NOPAT		 5.79 4.04 4.50 3.68 4.51 9.53 2.88 25.71 6.70 18.62
Net Debt to NOPAT		 1.91 0.70 1.29 -12.85 -7.15 5.66 -0.33 14.90 0.48 8.16
Long-Term Debt to NOPAT		 1.51 1.26 1.75 1.57 1.95 1.75 1.64 6.88 4.36 13.49
Noncontrolling Interest Sharing Ratio		 8.35% 11.91% 12.46% 9.40% 8.64% 7.93% 8.35% 10.74% 14.63% 14.98%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 78 576 470 977 -1,933 -2,090 3,001 -4,650 387 845
Operating Cash Flow to CapEx		 3,522.22% 3,608.33% 22,910.00% 6,590.91% 373.91% 2,862.07% 1,300.00% -58.03% 351.83% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.04 0.37 1.62 5.96 -8.19 -5.05 9.21 -31.50 4.36 10.22
Operating Cash Flow to Interest Expense		 0.69 0.83 7.87 4.42 0.73 2.00 0.72 -0.20 2.03 4.44
Operating Cash Flow Less CapEx to Interest Expense		 0.67 0.81 7.84 4.35 0.53 1.93 0.66 -0.53 1.45 4.46
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.05 0.04 0.05 0.04 0.05 0.05
Fixed Asset Turnover		 5.48 5.77 5.02 4.31 5.20 3.93 3.79 3.24 4.54 4.05
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 13,706 12,990 12,650 12,208 12,175 9,385 6,843 9,130 4,303 4,451
Invested Capital Turnover		 0.24 0.27 0.26 0.25 0.29 0.23 0.24 0.20 0.29 0.24
Increase / (Decrease) in Invested Capital		 716 340 442 33 2,790 2,542 -2,287 4,827 -148 -748
Enterprise Value (EV)		 12,831 9,013 14,475 -4,320 704 7,126 3,483 6,589 3,983 3,673
Market Capitalization		 10,590 7,558 11,990 7,846 6,070 4,175 3,331 3,560 3,478 2,488
Book Value per Share		 $15.83 $15.17 $13.48 $14.20 $13.59 $15.06 $13.57 $17.89 $9.92 $9.60
Tangible Book Value per Share		 $12.71 $12.13 $10.23 $10.86 $10.23 $10.03 $8.66 $11.18 $9.01 $8.67
Total Capital		 13,706 12,990 12,650 12,208 12,175 9,385 6,843 9,130 4,303 4,451
Total Debt		 4,595 3,699 4,103 3,714 3,868 4,309 2,058 4,550 1,598 1,812
Total Long-Term Debt		 1,195 1,150 1,597 1,590 1,670 791 1,171 1,218 1,041 1,313
Net Debt		 1,520 640 1,176 -12,981 -6,131 2,560 -239 2,638 114 794
Capital Expenditures (CapEx)		 36 36 10 11 46 29 18 50 51 -1.20
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 157 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 4,595 3,699 4,103 3,714 3,868 4,309 2,058 4,550 1,598 1,812
Total Depreciation and Amortization (D&A)		 101 102 85 45 62 66 59 71 65 61
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.37 $1.58 $1.62 $1.76 $1.90 $1.39 $1.66 $0.66 $0.95 $0.34
Adjusted Weighted Average Basic Shares Outstanding		 540.32M 548.41M 535.03M 546.35M 432.13M 313.64M 324.38M 241.44M 232.70M 234.19M
Adjusted Diluted Earnings per Share		 $1.36 $1.54 $1.53 $1.74 $1.89 $1.38 $1.65 $0.65 $0.94 $0.34
Adjusted Weighted Average Diluted Shares Outstanding		 544.29M 561.73M 566.00M 551.24M 433.95M 315.66M 327.45M 244.45M 235.29M 236.27M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $1.39 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 521.77M 558.81M 537.34M 533.63M 555.47M 311.60M 318.23M 326.83M 233.68M 237.75M
Normalized Net Operating Profit after Tax (NOPAT)		 794 916 912 1,037 863 470 500 177 239 97
Normalized NOPAT Margin		 24.89% 26.42% 28.44% 33.77% 27.38% 25.20% 25.72% 13.28% 18.61% 8.31%
Pre Tax Income Margin		 31.50% 32.54% 36.14% 41.82% 29.58% 31.44% 36.75% 23.18% 26.95% 9.24%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.55 0.72 3.98 7.83 3.95 1.42 2.19 2.09 3.89 1.31
NOPAT to Interest Expense		 0.43 0.59 3.13 6.16 3.63 1.09 2.19 1.20 2.69 1.18
EBIT Less CapEx to Interest Expense		 0.53 0.70 3.95 7.76 3.76 1.35 2.14 1.76 3.31 1.32
NOPAT Less CapEx to Interest Expense		 0.41 0.56 3.10 6.09 3.44 1.02 2.14 0.86 2.11 1.19
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 47.86% 41.92% 40.24% 37.33% 29.29% 41.59% 28.19% 55.11% 34.02% 73.69%
Augmented Payout Ratio		 126.70% 43.01% 41.56% 78.51% 29.76% 71.24% 47.04% 58.25% 74.85% 107.24%

Quarterly Metrics And Ratios for First Horizon

This table displays calculated financial ratios and metrics derived from First Horizon's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -0.85% -8.88% 6.30% -20.87% -4.66% -9.19% -11.09% 38.63% 21.33% 18.57% 18.40%
EBITDA Growth		 9.64% 21.16% 39.29% -37.50% -22.44% -43.92% -41.97% 83.87% 32.23% 17.42% 24.92%
EBIT Growth		 12.20% 17.98% 44.85% -38.82% -23.26% -46.55% -43.93% 88.89% 29.80% 18.93% 16.11%
NOPAT Growth		 12.69% -10.53% 57.04% -37.99% -22.75% -29.37% -47.01% 85.88% 28.79% 17.98% 14.04%
Net Income Growth		 12.69% -10.53% 57.04% -37.99% -22.75% -29.37% -47.01% 85.88% 28.79% 17.98% 14.04%
EPS Growth		 24.24% -9.38% 73.91% -39.29% -23.26% -28.89% -48.89% 93.10% 26.47% 12.50% 9.76%
Operating Cash Flow Growth		 -58.35% -47.67% -44.27% -149.18% 1,314.49% 7,200.00% -9.11% -62.99% -109.94% -96.82% 271.81%
Free Cash Flow Firm Growth		 -130.60% -264.00% 58.49% 156.61% 187.66% 13.29% -177.61% -931.24% -1,366.22% -188.72% 284.22%
Invested Capital Growth		 11.42% 5.51% 5.19% -14.17% -23.22% 2.69% 10.28% 40.97% 41.46% 3.62% -8.47%
Revenue Q/Q Growth		 11.39% -11.85% 1.47% -0.49% 2.38% 2.83% -24.47% 19.91% -2.50% 0.69% 17.77%
EBITDA Q/Q Growth		 34.06% -26.60% 9.47% 1.79% 48.15% -15.63% -50.88% 26.32% 7.12% -12.69% 55.65%
EBIT Q/Q Growth		 35.71% -25.27% 8.08% 2.36% 42.70% -8.25% -54.35% 28.40% -0.60% -3.76% 53.78%
NOPAT Q/Q Growth		 30.59% -23.77% 9.31% 3.55% 3.68% 33.80% -56.84% 29.02% -5.20% 0.37% 51.41%
Net Income Q/Q Growth		 30.59% -23.77% 9.31% 3.55% 3.68% 33.80% -56.84% 29.02% -5.20% 0.37% 51.41%
EPS Q/Q Growth		 41.38% -27.50% 17.65% 3.03% 3.13% 39.13% -58.93% 30.23% -4.44% 0.00% 55.17%
Operating Cash Flow Q/Q Growth		 82.72% -50.90% 359.33% -117.90% 129.59% -47.71% 128.85% 542.03% -1,480.00% -99.35% -6.80%
Free Cash Flow Firm Q/Q Growth		 -132.05% -29.08% -116.14% -36.69% 2,860.00% 85.28% 77.99% 1.97% -2,630.06% -113.18% 135.73%
Invested Capital Q/Q Growth		 6.01% 4.60% -10.53% 12.30% 0.39% 4.28% -26.99% 0.46% 34.26% 11.99% -6.67%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 37.81% 31.41% 37.73% 34.97% 34.19% 23.63% 28.79% 44.27% 42.03% 38.25% 44.11%
EBIT Margin		 35.10% 28.81% 33.98% 31.90% 31.01% 22.25% 24.94% 41.26% 38.53% 37.80% 39.54%
Profit (Net Income) Margin		 27.34% 23.32% 26.96% 25.03% 24.05% 23.75% 18.25% 31.94% 29.69% 30.53% 30.63%
Tax Burden Percent		 77.89% 80.95% 79.36% 78.46% 77.56% 106.74% 73.20% 77.41% 77.04% 80.78% 77.46%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 22.11% 19.05% 20.64% 21.54% 22.44% -6.74% 26.80% 22.59% 22.96% 19.22% 22.54%
Return on Invested Capital (ROIC)		 6.31% 5.57% 6.88% 5.07% 5.49% 6.42% 5.45% 7.98% 6.88% 7.88% 7.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.31% 5.57% 6.88% 5.07% 5.49% 6.42% 5.45% 7.98% 6.88% 7.88% 7.95%
Return on Net Nonoperating Assets (RNNOA)		 3.24% 2.51% 2.83% 3.90% 3.63% 2.81% 2.13% 5.31% 4.46% 3.61% 3.23%
Return on Equity (ROE)		 9.55% 8.08% 9.71% 8.98% 9.12% 9.23% 7.58% 13.30% 11.33% 11.49% 11.18%
Cash Return on Invested Capital (CROIC)		 -4.86% 0.58% 1.31% 19.87% 31.98% 4.49% -1.40% -26.32% -27.66% 3.78% 16.21%
Operating Return on Assets (OROA)		 1.37% 1.12% 1.34% 1.23% 1.31% 0.96% 1.09% 1.77% 1.53% 1.44% 1.44%
Return on Assets (ROA)		 1.07% 0.91% 1.06% 0.96% 1.01% 1.03% 0.80% 1.37% 1.18% 1.17% 1.11%
Return on Common Equity (ROCE)		 8.75% 7.41% 8.89% 8.21% 8.05% 8.13% 6.64% 11.68% 9.65% 10.06% 9.77%
Return on Equity Simple (ROE_SIMPLE)		 9.36% 0.00% 9.02% 8.46% 9.66% 0.00% 11.71% 12.94% 11.27% 0.00% 10.90%
Net Operating Profit after Tax (NOPAT)		 222 170 223 204 197 190 142 329 255 269 268
NOPAT Margin		 27.34% 23.32% 26.96% 25.03% 24.05% 23.75% 18.25% 31.94% 29.69% 30.53% 30.63%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 43.97% 48.97% 44.01% 43.93% 45.42% 45.75% 44.22% 35.34% 40.63% 41.20% 40.23%
Operating Expenses to Revenue		 59.98% 69.82% 61.79% 61.35% 62.88% 71.50% 60.93% 53.88% 55.65% 57.09% 53.60%
Earnings before Interest and Taxes (EBIT)		 285 210 281 260 254 178 194 425 331 333 346
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 307 229 312 285 280 189 224 456 361 337 386
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.22 1.26 0.95 1.02 0.99 0.89 0.73 0.69 1.16 1.66 1.60
Price to Tangible Book Value (P/TBV)		 1.52 1.57 1.18 1.28 1.24 1.11 0.93 0.88 1.50 2.18 2.13
Price to Revenue (P/Rev)		 3.18 3.32 2.51 2.62 2.42 2.18 1.64 1.55 2.62 3.74 3.63
Price to Earnings (P/E)		 13.21 14.35 4.80 5.47 4.97 4.37 5.41 5.26 9.52 13.81 13.45
Dividend Yield		 3.09% 3.00% 3.92% 3.90% 4.04% 4.44% 5.76% 5.71% 3.67% 2.69% 2.89%
Earnings Yield		 7.57% 6.97% 20.82% 18.29% 20.12% 22.89% 18.49% 19.02% 10.51% 7.24% 7.44%
Enterprise Value to Invested Capital (EV/IC)		 0.93 0.94 0.72 0.81 0.73 0.69 0.56 0.51 0.85 1.14 0.91
Enterprise Value to Revenue (EV/Rev)		 4.25 4.02 2.88 3.71 2.78 2.60 1.96 2.37 4.29 4.51 3.37
Enterprise Value to EBITDA (EV/EBITDA)		 11.94 11.60 8.80 12.18 8.30 7.33 5.04 5.60 10.82 11.64 8.65
Enterprise Value to EBIT (EV/EBIT)		 13.06 12.77 9.64 13.44 9.07 7.99 5.41 6.01 11.67 12.49 9.34
Enterprise Value to NOPAT (EV/NOPAT)		 16.52 16.16 11.52 16.25 11.11 9.84 6.98 7.70 14.87 15.87 11.86
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.37 10.12 6.51 6.80 4.32 6.94 7.39 8.55 9.43 6.32 4.23
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 164.50 55.83 3.78 1.99 15.65 0.00 0.00 0.00 30.80 5.39
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.61 0.50 0.41 0.64 0.42 0.40 0.42 0.90 0.91 0.48 0.36
Long-Term Debt to Equity		 0.19 0.13 0.13 0.13 0.13 0.12 0.13 0.13 0.18 0.19 0.19
Financial Leverage		 0.51 0.45 0.41 0.77 0.66 0.44 0.39 0.67 0.65 0.46 0.41
Leverage Ratio		 8.96 8.90 9.12 9.34 9.00 9.00 9.54 9.72 9.63 9.86 10.04
Compound Leverage Factor		 8.96 8.90 9.12 9.34 9.00 9.00 9.54 9.72 9.63 9.86 10.04
Debt to Total Capital		 37.76% 33.53% 28.90% 38.85% 29.66% 28.48% 29.41% 47.49% 47.63% 32.43% 26.67%
Short-Term Debt to Total Capital		 26.12% 24.81% 19.73% 30.83% 20.73% 19.62% 20.13% 40.71% 38.18% 19.81% 12.54%
Long-Term Debt to Total Capital		 11.64% 8.72% 9.17% 8.02% 8.93% 8.85% 9.29% 6.78% 9.45% 12.62% 14.14%
Preferred Equity to Total Capital		 2.93% 3.11% 3.25% 2.91% 3.99% 4.00% 4.17% 3.05% 5.97% 8.02% 8.98%
Noncontrolling Interests to Total Capital		 2.03% 2.15% 2.25% 2.01% 2.26% 2.27% 2.37% 1.73% 1.74% 2.33% 2.61%
Common Equity to Total Capital		 57.28% 61.21% 65.60% 56.22% 64.09% 65.25% 64.04% 47.74% 44.67% 57.22% 61.74%
Debt to EBITDA		 4.84 4.15 3.55 5.82 3.37 3.01 2.66 5.26 6.07 3.30 2.52
Net Debt to EBITDA		 2.36 1.37 0.44 2.84 0.36 0.52 0.22 1.40 3.23 0.95 -1.77
Long-Term Debt to EBITDA		 1.49 1.08 1.13 1.20 1.01 0.94 0.84 0.75 1.21 1.28 1.34
Debt to NOPAT		 6.70 5.79 4.65 7.76 4.51 4.04 3.68 7.23 8.35 4.50 3.46
Net Debt to NOPAT		 3.27 1.91 0.57 3.80 0.49 0.70 0.31 1.93 4.44 1.29 -2.42
Long-Term Debt to NOPAT		 2.06 1.51 1.48 1.60 1.36 1.26 1.16 1.03 1.66 1.75 1.83
Noncontrolling Interest Sharing Ratio		 8.43% 8.35% 8.48% 8.57% 11.76% 11.91% 12.44% 12.13% 14.88% 12.46% 12.63%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,267 -546 -423 2,621 4,140 -150 -1,019 -4,630 -4,723 -173 1,313
Operating Cash Flow to CapEx		 3,877.78% 1,123.53% 6,483.33% -1,363.64% 8,380.00% 2,807.69% 7,755.56% 3,388.89% -1,380.00% 100.00% 76,800.00%
Free Cash Flow to Firm to Interest Expense		 -3.31 -1.25 -0.86 5.65 9.24 -0.32 -2.15 -12.03 -20.36 -1.17 18.49
Operating Cash Flow to Interest Expense		 0.91 0.44 0.79 -0.32 1.87 0.78 1.47 0.79 -0.30 0.03 10.82
Operating Cash Flow Less CapEx to Interest Expense		 0.89 0.40 0.78 -0.35 1.85 0.75 1.45 0.77 -0.32 0.00 10.80
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 5.51 5.48 5.61 5.45 5.76 5.77 5.85 5.92 5.28 5.02 4.67
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 14,530 13,706 13,103 14,645 13,041 12,990 12,457 17,062 16,984 12,650 11,296
Invested Capital Turnover		 0.23 0.24 0.26 0.20 0.23 0.27 0.30 0.25 0.23 0.26 0.26
Increase / (Decrease) in Invested Capital		 1,489 716 646 -2,417 -3,943 340 1,161 4,959 4,978 442 -1,045
Enterprise Value (EV)		 13,533 12,831 9,380 11,912 9,536 9,013 6,942 8,628 14,408 14,475 10,332
Market Capitalization		 10,133 10,590 8,194 8,409 8,304 7,558 5,818 5,653 8,794 11,990 11,134
Book Value per Share		 $15.95 $15.83 $16.04 $15.06 $15.06 $15.17 $14.28 $15.14 $14.12 $13.48 $13.00
Tangible Book Value per Share		 $12.80 $12.71 $12.93 $11.99 $12.02 $12.13 $11.22 $11.94 $10.89 $10.23 $9.72
Total Capital		 14,530 13,706 13,103 14,645 13,041 12,990 12,457 17,062 16,984 12,650 11,296
Total Debt		 5,486 4,595 3,787 5,690 3,868 3,699 3,664 8,102 8,089 4,103 3,013
Total Long-Term Debt		 1,691 1,195 1,202 1,175 1,165 1,150 1,157 1,156 1,605 1,597 1,597
Net Debt		 2,679 1,520 465 2,782 417 640 309 2,160 4,305 1,176 -2,111
Capital Expenditures (CapEx)		 9.00 17 6.00 11 10 13 9.00 9.00 5.00 5.00 1.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 5,486 4,595 3,787 5,690 3,868 3,699 3,664 8,102 8,089 4,103 3,013
Total Depreciation and Amortization (D&A)		 22 19 31 25 26 11 30 31 30 4.00 40
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.41 $0.30 $0.40 $0.34 $0.33 $0.31 $0.23 $0.59 $0.45 $0.48 $0.48
Adjusted Weighted Average Basic Shares Outstanding		 517.12M 540.32M 534.22M 543.98M 554.98M 548.41M 558.56M 539.12M 536.94M 535.03M 535.99M
Adjusted Diluted Earnings per Share		 $0.41 $0.29 $0.40 $0.34 $0.33 $0.32 $0.23 $0.56 $0.43 $0.45 $0.45
Adjusted Weighted Average Diluted Shares Outstanding		 523.42M 544.29M 537.97M 547.09M 557.87M 561.73M 561.42M 560.88M 571.99M 566.00M 570.15M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 507.23M 521.77M 530.14M 535.89M 546.87M 558.81M 558.77M 558.70M 537.81M 537.34M 536.80M
Normalized Net Operating Profit after Tax (NOPAT)		 222 170 223 204 197 125 142 329 255 269 268
Normalized NOPAT Margin		 27.34% 23.32% 26.96% 25.03% 24.05% 15.58% 18.25% 31.94% 29.69% 30.53% 30.63%
Pre Tax Income Margin		 35.10% 28.81% 33.98% 31.90% 31.01% 22.25% 24.94% 41.26% 38.53% 37.80% 39.54%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.74 0.48 0.57 0.56 0.57 0.38 0.41 1.10 1.43 2.25 4.87
NOPAT to Interest Expense		 0.58 0.39 0.45 0.44 0.44 0.41 0.30 0.85 1.10 1.82 3.77
EBIT Less CapEx to Interest Expense		 0.72 0.44 0.56 0.54 0.54 0.35 0.39 1.08 1.41 2.22 4.86
NOPAT Less CapEx to Interest Expense		 0.56 0.35 0.44 0.42 0.42 0.38 0.28 0.83 1.08 1.78 3.76
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 45.67% 47.86% 47.67% 53.21% 45.10% 41.92% 37.99% 33.36% 38.08% 40.24% 42.25%
Augmented Payout Ratio		 147.25% 126.70% 104.42% 106.00% 64.34% 43.01% 39.00% 34.43% 39.53% 41.56% 60.16%

Frequently Asked Questions About First Horizon's Financials

When does First Horizon's financial year end?

According to the most recent income statement we have on file, First Horizon's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has First Horizon's net income changed over the last 9 years?

First Horizon's net income appears to be on an upward trend, with a most recent value of $794 million in 2024, rising from $97.31 million in 2015. The previous period was $916 million in 2023. See where experts think First Horizon is headed by visiting First Horizon's forecast page.

How has First Horizon revenue changed over the last 9 years?

Over the last 9 years, First Horizon's total revenue changed from $1.17 billion in 2015 to $3.19 billion in 2024, a change of 172.4%.

How much debt does First Horizon have?

First Horizon's total liabilities were at $73.04 billion at the end of 2024, a 0.9% increase from 2023, and a 210.1% increase since 2015.

How much cash does First Horizon have?

In the past 9 years, First Horizon's cash and equivalents has ranged from $300.81 million in 2015 to $1.20 billion in 2020, and is currently $906 million as of their latest financial filing in 2024.

How has First Horizon's book value per share changed over the last 9 years?

Over the last 9 years, First Horizon's book value per share changed from 9.60 in 2015 to 15.83 in 2024, a change of 64.9%.


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This page (NYSE:FHN) was last updated on 5/21/2025 by MarketBeat.com Staff
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