-0.23%
8.05%
27.34%
42.79%
58.39%
25.95%
35.37%
AI Spotlight on FHN
Company Description
First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services.The company operates through three segments: Regional Banking, Specialty Banking, and Corporate.It offers general banking services for consumers, businesses, financial institutions, and governments.
The company also underwrites bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; sells loans and derivatives; and offers advisory services.In addition, it offers various services, such as mortgage banking; title insurance and loan-closing; brokerage; correspondent banking; nationwide check clearing and remittance processing; trust, fiduciary, and agency; equipment finance; and investment and financial advisory services.Further, the company sells mutual fund and retail insurance products; and credit cards.
It operates approximately 500 banking offices in 22 states under the First Horizon Bank brand; and 400 banking centers in 12 states under the FHN Financial brand in the United States.The company was formerly known as First Horizon National Corporation and changed its name to First Horizon Corporation in November 2020.First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.
Market Data
| Last Price | 21.89 |
| Change Percentage | -0.23% |
| Open | 21.94 |
| Previous Close | 21.94 |
| Market Cap ( Millions) | 11470 |
| Volume | 6420377 |
| Year High | 22.11 |
| Year Low | 13.45 |
| M A 50 | 20.61 |
| M A 200 | 17.16 |
Financial Ratios
| FCF Yield | 9.39% |
| Dividend Yield | 2.74% |
| ROE | 8.92% |
| Debt / Equity | 20.81% |
| Net Debt / EBIDTA | -51.84% |
| Price To Book | 1.3 |
| Price Earnings Ratio | 14.74 |
| Price To FCF | 10.65 |
| Price To sales | 2.49 |
| EV / EBITDA | 13.09 |
News
- Jan -31 - First Horizon Announces the Retirement of Director Harry V. Barton, Jr.
- Jan -29 - First Horizon Bank Becomes First Presenting Sponsor of DPAC
- Jan -28 - First Horizon Declares Cash Dividends on Common and Preferred Stock
- Jan -28 - 3 Momentum Anomaly Stocks to Buy as Markets Falter on AI Concerns
- Jan -28 - First Horizon Names Jeffrey J. Brown, President of Hendrick Automotive Group, to its Board of Directors
- Jan -23 - First Horizon CEO Bryan Jordan Named to Memphis Business Journal's 2025 Power 100 List
- Jan -21 - First Horizon: Strong Q4 Performance Reflected In Valuation (Downgrade)
- Jan -21 - Here's Why First Horizon National (FHN) is a Great Momentum Stock to Buy
- Jan -17 - First Horizon Q4 Earnings Beat, Expenses & Provisions Decline Y/Y
- Jan -17 - Best Momentum Stock to Buy for January 17th
- Jan -17 - Best Value Stocks to Buy for January 17th
- Jan -17 - Best Income Stocks to Buy for January 17th
- Jan -17 - First Horizon CEO Bryan Jordan: Rates aren't likely to go down very much this year
- Jan -16 - First Horizon Corporation (FHN) Q4 2024 Earnings Call Transcript
- Jan -16 - Here's What Key Metrics Tell Us About First Horizon (FHN) Q4 Earnings
- Jan -16 - First Horizon National (FHN) Q4 Earnings Surpass Estimates
- Jan -16 - First Horizon Corporation Reports Full Year 2024 Net Income Available to Common Shareholders (NIAC) of $738 Million or EPS of $1.36; Adjusted NIAC increased 5% to $843 Million or $1.55, driven by continued exemplary credit performance, increased fee income generation, and strong margin*
- Jan -15 - Best Value Stocks to Buy for January 15th
- Jan -15 - Best Income Stocks to Buy for January 15th
- Jan -15 - First Horizon Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Regional Banking
Expected Growth : 7 %
What the company do ?
Regional Banking from First Horizon Corporation provides traditional banking services to individuals and businesses in the southeastern United States.
Why we expect these perspectives ?
First Horizon Corporation's 7% growth in Regional Banking is driven by strategic acquisitions, expanding commercial lending, and a strong presence in the Southeastern US. Additionally, investments in digital transformation, cost savings initiatives, and a favorable interest rate environment contribute to the segment's growth.
Segment n°2 -> Specialty Banking
Expected Growth : 9 %
What the company do ?
Specialty Banking from First Horizon Corporation offers customized financial solutions for unique industries, such as healthcare, technology, and more, providing tailored services and expertise.
Why we expect these perspectives ?
First Horizon Corporation's Specialty Banking segment growth is driven by increasing demand for mortgage banking services, expansion of its correspondent lending business, and strategic acquisitions. Additionally, the segment benefits from a strong brand presence, diversified revenue streams, and a focus on digital transformation, resulting in a 9% growth rate.
Segment n°3 -> Corporate Segment
Expected Growth : 8 %
What the company do ?
The Corporate Segment from First Horizon Corporation provides treasury management, payment solutions, and capital markets services to large corporations, governments, and institutions.
Why we expect these perspectives ?
First Horizon Corporation's Corporate Segment growth of 8% is driven by strategic acquisitions, expansion of commercial banking services, and increased treasury management fees. Additionally, the segment benefits from a strong capital position, disciplined expense management, and a favorable interest rate environment, enabling the company to invest in digital transformation and talent acquisition, further fueling growth.
First Horizon Corporation Products
| Product Range | What is it ? |
|---|---|
| Checking and Savings Accounts | First Horizon offers a range of checking and savings accounts for individuals and businesses, providing easy access to funds and financial management tools. |
| Credit Cards | First Horizon offers a variety of credit cards with rewards, cashback, and low interest rates, suitable for different lifestyles and spending habits. |
| Mortgage Loans | First Horizon provides mortgage loans for purchasing or refinancing homes, with competitive rates and flexible repayment terms. |
| Personal Loans | First Horizon offers personal loans for various purposes, such as debt consolidation, weddings, or unexpected expenses. |
| Investment and Wealth Management | First Horizon provides investment and wealth management services, including brokerage, retirement, and trust services. |
| Business Banking | First Horizon offers business banking services, including checking and savings accounts, loans, and cash management solutions. |
| Commercial Loans | First Horizon provides commercial loans for businesses, including lines of credit, term loans, and construction loans. |
| Treasury Management | First Horizon offers treasury management services, including cash management, fraud prevention, and account services. |
First Horizon Corporation's Porter Forces
Threat Of Substitutes
First Horizon Corporation operates in the banking industry, where substitutes are limited. However, fintech companies and digital payment platforms pose a moderate threat as substitutes.
Bargaining Power Of Customers
First Horizon Corporation's customers have limited bargaining power due to the company's strong brand presence and diversified product offerings.
Bargaining Power Of Suppliers
First Horizon Corporation has a diversified supplier base, reducing the bargaining power of individual suppliers.
Threat Of New Entrants
The banking industry has high barriers to entry, including regulatory hurdles and capital requirements, making it difficult for new entrants to compete with First Horizon Corporation.
Intensity Of Rivalry
The banking industry is highly competitive, with many established players competing for market share. First Horizon Corporation faces intense rivalry from other banks and financial institutions.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 29.14% |
| Debt Cost | 6.46% |
| Equity Weight | 70.86% |
| Equity Cost | 8.70% |
| WACC | 8.05% |
| Leverage | 41.12% |
First Horizon Corporation : Quality Control
First Horizon Corporation passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| CMA | Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products … |
| KEY | KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer … |
| RF | Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The … |
| FHB | First Hawaiian, Inc. operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It … |
| FNB | F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Regions Financial
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First Horizon
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First Hawaiian
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Comerica
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FNB
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