First Horizon Corp (N:FHN)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 165 Madison Ave MEMPHIS TN 38103 |
| Tel: | N/A |
| Website: | https://www.firsthorizon.com |
| IR: | See website |
| Key People | ||
| David Bryan Jordan Chairman of the Board, President, Chief Executive Officer | Thomas Hung Senior Executive Vice President, Chief Credit Officer | Hope Dmuchowski Chief Financial Officer, Senior Executive Vice President |
| Martin De Laureal President of First Horizon Advisors, Inc. and Head of Private Banking of First Horizon Bank | David T. Popwell President - Specialty Banking of First Horizon and the Bank | Anthony J. Restel President - Regional Banking |
| Tammy S. Locascio Chief Operating Officer, Senior Executive Vice President | Jeff L. Fleming Executive Vice President, Chief Accounting Officer, Corporate Controller of First Horizon and the Bank | Terry Lawson Akins Senior Executive Vice President, Chief Risk Officer of First Horizon and the Bank | Elizabeth A. Ardoin Senior Executive Vice President, Chief Communications Officer of First Horizon and the Bank |
| Business Overview |
| First Horizon Corporation is a bank holding company, which provides diversified financial services primarily through its principal subsidiary, First Horizon Bank (the Bank). The Company operates through three segments: Regional Banking, Specialty Banking, and Corporate. The principal lines of business in the regional banking segment include commercial banking, business banking, consumer banking, private client, and wealth management. This segment also provides investment, wealth management, financial planning, trust and asset management services for consumer clients. The principal lines of business in the specialty banking segment include fixed income/capital markets, professional commercial real estate, mortgage warehouse lending, asset-based (secured) lending, franchise finance, equipment finance, energy finance, healthcare finance, and tax credit finance. This segment also delivers treasury management solutions, loan syndications, and international banking. |
| Financial Overview |
| For the three months ended 31 March 2024, First Horizon Corp interest income increased 17% to $1.08B. Net interest income after loan loss provision decreased 10% to $575M. Net income applicable to common stockholders decreased 24% to $184M. Net interest income after loan loss provision reflects Regional Banking segment decrease from $545M to $0K, Specialty Banking segment decrease from $116M to $0K. |
| Employees: | 7,249 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $11,503M as of Mar 31, 2024 |
| Annual revenue (TTM): | $4,258M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,387M as of Mar 31, 2024 |
| Net annual income (TTM): | $806.00M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $3,119M as of Mar 31, 2024 |
| Shares outstanding: | 554,944,033 as of Apr 17, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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