First Horizon (FHN)

Company Profile

First Horizon Corp., with $84 billion in assets, is a leading regional financial services company, dedicated to strengthening the lives of its associates, clients, shareholders, and communities. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates nearly 500 bank locations in 12 states across the Southeast. With more than 288 years of combined First Horizon Bank and IBERIABANK financial experience, the Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, mortgage, and title insurance services. First Horizon is recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. bank.

Company profile

Ticker

FHN, FHN-PD, FHN-PB, FHN-PC, FHN-PF, FHN-PE, FHN+F

Exchange

NYSE

Website

www.firsthorizon.com

CEO

David Jordan

Incorporated

Tennessee

Location

Tennessee

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

JPMorgan Chase & Co. • Citigroup • U.S. Bancorp. • PNC Financial Services • Shinhan Financial • HSBC USA • Bank Of America • Regions Financial • Keycorp • Santander Holdings USA ...

Former names

FIRST HORIZON NATIONAL CORP, FIRST TENNESSEE NATIONAL CORP

SEC CIK

0000036966

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

CB Trustee, LLC • First Horizon Community Development Fund, LLC • First Horizon Ventures, Inc. • IBERIA Asset Management Inc. • IBERIA CDE, LLC • LIBERTY BANCORP DENNING, LLC • 840 Denning LLC • Martin & Company, Inc. • Acadiana Holdings, LLC • C1 Trustee, Inc. ...

IRS number

620803242

FHN stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

View all

ARS

2022 FY

Annual report to shareholders

13 Mar 23

DEFA14A

Additional proxy soliciting materials

13 Mar 23

DEFA14A

Additional proxy soliciting materials

Both banks are fully committed to the transaction, which will benefit their customers, local communities, and other stakeholders

10 Feb 23

8-K

Amendments to Articles of Incorporation or Bylaws

25 Jan 23

8-K

First Horizon Corporation Reports Fourth Quarter 2022 Net Income Available to Common Shareholders of

7 Nov 22

Departure of Directors or Certain Officers

27 Oct 22

Transcripts

View all

FHN

Earnings call transcript

2021 Q4

20 Jan 22

FHN

Earnings call transcript

2021 Q3

20 Oct 21

FHN

Earnings call transcript

2021 Q2

16 Jul 21

FHN

Earnings call transcript

2021 Q1

21 Apr 21

FHN

Earnings call transcript

2020 Q4

22 Jan 21

FHN

Earnings call transcript

2020 Q3

23 Oct 20

FHN

Earnings call transcript

2020 Q2

17 Jul 20

FHN

Earnings call transcript

2020 Q1

21 Apr 20

FHN

Earnings call transcript

2019 Q4

17 Jan 20

FHN

Earnings call transcript

2019 Q3

17 Oct 19

Latest ownership filings

View all

Notice of holdings reported by another manager

Financial summary

Financial statements Chart FHN financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.54 bn	1.54 bn	1.54 bn	1.54 bn	1.54 bn	1.54 bn
Cash burn (monthly)	113.33 mm	20.42 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	320.76 mm	57.78 mm	n/a	n/a	n/a	n/a
Cash remaining	1.22 bn	1.49 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	10.8	72.7	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

FHN institutional ownership history Ownership history

80.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	598	553	+8.1%
Opened positions	113	65	+73.8%
Closed positions	68	55	+23.6%
Increased positions	188	172	+9.3%
Reduced positions	198	201	-1.5%

13F shares	Current	Prev Q	Change
Total value	10.30 tn	9.23 bn	+111488.0%
Total shares	434.08 mm	408.52 mm	+6.3%
Total puts	3.23 mm	1.65 mm	+95.9%
Total calls	2.00 mm	856.07 k	+133.4%
Total put/call ratio	1.6	1.9	-16.1%

Largest owners	Shares	Value	Change
BLK Blackrock	75.69 mm	$1.85 tn	+35.5%
Vanguard	53.99 mm	$1.32 tn	+1.9%
STT State Street	20.19 mm	$497.97 bn	NEW
BCS Barclays	15.67 mm	$382.53 bn	-10.2%
Franklin Mutual Advisers	12.08 mm	$154.14 mm	0.0%
BEN Franklin Resources	11.77 mm	$288.45 bn	+5.7%
Charles Schwab Investment Management	11.53 mm	$282.37 bn	+11.4%
Dimensional Fund Advisors	11.03 mm	$269.16 bn	-0.7%
RY Royal Bank Of Canada	8.79 mm	$215.41 bn	+7.2%
Soros Fund Management	8.54 mm	$209.13 bn	NEW

Largest transactions	Shares	Bought/sold	Change
STT State Street	20.19 mm	+20.19 mm	NEW
BLK Blackrock	75.69 mm	+19.82 mm	+35.5%
Fuller & Thaler Asset Management	1.07 mm	-10.29 mm	-90.6%
Soros Fund Management	8.54 mm	+8.54 mm	NEW
LSV Asset Management	1.43 mm	-7.54 mm	-84.1%
Norges Bank	5.44 mm	+5.44 mm	NEW
FMR	7.53 mm	-5.37 mm	-41.6%
Segantii Capital Management	3.82 mm	-4.56 mm	-54.4%
Parnassus Investments	0.00	-3.06 mm	EXIT
Millennium Management	1.52 mm	-2.05 mm	-57.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

FHN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
2 Mar 23	Susan L Springfield	Common Stock	Payment of exercise	Dispose F	No	No	21.84	2,946	64.34 k	286,074
2 Mar 23	David T Popwell	Common Stock	Payment of exercise	Dispose F	No	No	21.84	5,051	110.31 k	544,776
2 Mar 23	Tammy LoCascio	Common Stock	Payment of exercise	Dispose F	No	No	21.84	1,787	39.03 k	188,615
2 Mar 23	D Bryan Jordan	Common Stock	Payment of exercise	Dispose F	No	No	21.84	12,375	270.27 k	1,427,976
2 Mar 23	Jeff L. Fleming	Common Stock	Payment of exercise	Dispose F	No	No	21.84	1,114	24.33 k	110,359