First Horizon Balance Sheet Health

Financial Health criteria checks 6/6

First Horizon has total assets of $81.8B and total equity of $9.2B. Total deposits are $65.7B, and total loans are $61.0B. It earns a Net Interest Margin of 3.4%. It has sufficient allowance for bad loans, which are currently at 0.8% of total loans. Cash and short-term investments are $4.6B.

Key information

8.9x

Asset to equity ratio

3.4%

Net interest margin

Total deposits	US$65.74b
Loan to deposit ratio	Appropriate
Bad loans	0.8%
Allowance for bad loans	Sufficient
Current ratio	Low
Cash & equivalents	US$4.61b

Recent financial health updates

No updates

Recent updates

First Horizon: 7.5% Dividend Yield For 87 Cents On The Dollar With The Preferreds

Jul 12

First Horizon National declares $0.15 dividend

Jan 24

First Horizon National Q4 2022 Earnings Preview

Jan 17

First Horizon National declares $0.15 dividend

Oct 25

First Horizon National Non-GAAP EPS of $0.44 beats by $0.01, revenue of $875M beats by $55.17M

Oct 18

First Horizon sells Lenders Title Group

Aug 16

First Horizon National declares $0.15 dividend

Jul 26

First Horizon National Q2 2022 Earnings Preview

Jul 19

Playing The First Horizon-TD Bank Merger (Part 1)

Jul 09

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: FHN's Assets to Equity ratio (8.9x) is low.

Allowance for Bad Loans: FHN has a sufficient allowance for bad loans (156%).

Low Risk Liabilities: 91% of FHN's liabilities are made up of primarily low risk sources of funding.

Loan Level: FHN has an appropriate level of Loans to Assets ratio (75%).

Low Risk Deposits: FHN's Loans to Deposits ratio (93%) is appropriate.

Level of Bad Loans: FHN has an appropriate level of bad loans (0.8%).

First Horizon Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

First Horizon (NYSE:FHN) Is Paying Out A Dividend Of $0.15

First quarter dividend of US$0.15 announced

First Horizon Corporation Declares Cash Dividends on Common Stock, Payable on July 1, 2024

First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

First Horizon Corporation Reports Unaudited Net Charge-Offs Results for the First Quarter of 2024

First Horizon Corporation Announces Executive Changes

First Horizon Corporation to Report Q1, 2024 Results on Apr 17, 2024

Upcoming dividend of US$0.15 per share

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Fourth quarter dividend of US$0.15 announced

First Horizon Corporation, Annual General Meeting, Apr 23, 2024

First Horizon Corporation and First Horizon Bank Announce Board Changes

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Price target increased by 8.8% to US$15.82

Price target increased by 7.7% to US$15.07

First Horizon: Strong Capital Position And Growth Prospects

First Horizon Corporation to Report Q4, 2023 Results on Jan 18, 2024

First Horizon: A 2024 Buyback Can Lift Shares

Upcoming dividend of US$0.15 per share at 4.5% yield

First Horizon Corp Elects Velia Carboni to its Board

First Horizon Corporation and First Horizon Bank Announces Retirement of E. Stewart Shea, III as Board of Director

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 8.8% to US$12.63

First Horizon Makes For A Strong Prospect Heading Into Third Quarter Earnings

Price target decreased by 7.5% to US$13.10

Price target decreased by 8.1% to US$13.77

First Horizon: Good Bank And Healthy Dividend But Questionable Liquidity

Price target decreased by 7.7% to US$13.98

First Horizon Corporation to Report Q3, 2023 Results on Oct 18, 2023

Upcoming dividend of US$0.15 per share at 5.0% yield

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Moon Capital - First Horizon: Balance Sheet Capacity Sets It Apart

First Horizon: 7.5% Dividend Yield For 87 Cents On The Dollar With The Preferreds

Levi & Korsinsky, LLP Notifies First Horizon Corporation Investors of A Class Action Lawsuit and Upcoming Deadline

First Horizon Corporation to Report Q2, 2023 Results on Jul 19, 2023

New major risk - Revenue and earnings growth

Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of First Horizon Corporation Investors

First Horizon Corporation Reports Net Charge-Offs for the First Quarter of 2023

The Toronto-Dominion Bank (TSX:TD) cancelled the acquisition of First Horizon Corporation (NYSE:FHN) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc. and others.

Investor sentiment deteriorates as stock falls 43%

Price target decreased by 8.7% to US$22.83

Price target decreased by 8.7% to US$22.83

First quarter 2023 earnings: EPS misses analyst expectations

Investor sentiment deteriorates as stock falls 24%

Upcoming dividend of US$0.15 per share at 2.8% yield

Chairman & CEO exercised options to buy US$976k worth of stock.

First Horizon Corporation Declares Cash Dividend on Common Stock, Payable on April 3, 2023

First Horizon National declares $0.15 dividend

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

First Horizon National Q4 2022 Earnings Preview

First Horizon Corporation to Report Q4, 2022 Results on Jan 18, 2023

Upcoming dividend of US$0.15 per share

President of Specialty Banking exercised options and sold US$1.0m worth of stock

Senior EVP & COO notifies of intention to sell stock

Senior EVP & COO exercised options and sold US$260k worth of stock

Kenneth A. Burdick Intends to Resign from the Boards of Directors of First Horizon Corporation and of First Horizon Bank Effective on or Before January 1, 2023

First Horizon Corporation Declares Quarterly Common Stock Dividend, Payable on January 3, 2023

First Horizon National declares $0.15 dividend

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

First Horizon National Non-GAAP EPS of $0.44 beats by $0.01, revenue of $875M beats by $55.17M

Upcoming dividend of US$0.15 per share

Knox Capital Management LLC acquired Lenders Title Company from First Horizon Corporation (NYSE:FHN).

First Horizon sells Lenders Title Group

First Horizon Corporation Announces Resignation of Rajesh Subramaniam from the Boards of Directors

First Horizon Corporation Declares Quarterly Common Stock Dividend, Payable on October 3, 2022

First Horizon National declares $0.15 dividend

Second quarter 2022 earnings: EPS misses analyst expectations

First Horizon National Q2 2022 Earnings Preview

Playing The First Horizon-TD Bank Merger (Part 1)

Executive Chairman of the Board exercised options and sold US$801k worth of stock

President of Regional Banking exercised options and sold US$1.3m worth of stock

Upcoming dividend of US$0.15 per share

Price target increased to US$25.00

First quarter 2022 earnings: EPS exceeds analyst expectations

First Horizon Corporation Declares Quarterly Common Stock Dividend, Payable on July 1, 2022