First Horizon Corporation (FHN) financial statements (2022 and earlier)

Company profile

Business Address 165 MADISON AVENUE
MEMPHIS, TN 38103
State of Incorp. TN
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 9,5541,1162,0593,2412,330
Cash and cash equivalents 9,5541,1162,0591,8251,433
Short-term investments    1,416897
Total current assets: 9,5541,1162,0593,2412,330
Noncurrent Assets
Finance lease, right-of-use asset 42
Operating lease, right-of-use asset 367202
Property, plant and equipment 759455494532289
Intangible assets, net (including goodwill) 1,8651,5631,5881,571212
Goodwill 1,5111,4331,4331,387191
Intangible assets, net (excluding goodwill) 35413015518421
Total noncurrent assets: 2,9952,2222,0822,103502
Other undisclosed assets 71,66039,97336,69136,07925,723
TOTAL ASSETS: 84,20943,31140,83241,42328,555
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 2,1982,9708773,283536
Total current liabilities: 2,1982,9708773,283536
Noncurrent Liabilities
Other undisclosed liabilities 73,70435,26535,17033,56025,314
Total liabilities: 75,90238,23536,04736,84325,850
Stockholders' equity
Stockholders' equity attributable to parent 8,0124,7814,4904,2852,410
Preferred stock 47096969696
Common stock 347195199204146
Additional paid in capital 5,0742,9313,0293,1481,387
Accumulated other comprehensive loss (140)(240)(377)(323)(248)
Retained earnings 2,2611,7981,5421,1601,029
Stockholders' equity attributable to noncontrolling interest 295295295295295
Total stockholders' equity: 8,3075,0764,7854,5802,705
TOTAL LIABILITIES AND EQUITY: 84,20943,31140,83241,42328,555

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 1,8921,8171,9361,3331,271
Net investment income 1,8981,4571,356849690
Cost of revenue (503)(47)(7) (11)
Provision for loan, lease, and other losses (503)(47)(7)
Financial services costs (11)
Gross profit: 1,3891,7701,9291,3331,260
Operating expenses (345)(312)(331)(875)(763)
Other operating income, net
(Noninterest Income, Other Operating Income)
 123    
Operating income: 1,1671,4581,598457496
Nonoperating income 533 11 
Investment income, nonoperating 533 01 
Gains on sales of other real estate   10 
Interest and debt expense (236)(414)(326)(148)(89)
Other undisclosed loss from continuing operations before equity method investments, income taxes (531)(459)(559)(1)(62)
Income from continuing operations before equity method investments, income taxes: 933586714309345
Loss from equity method investments  (1)(4)(2) 
Other undisclosed income from continuing operations before income taxes  142 
Income from continuing operations before income taxes: 933586714309345
Income tax expense (76)(133)(158)(132)(107)
Other undisclosed income from continuing operations 76    
Income before gain (loss) on sale of properties: 933452557177239
Other undisclosed net loss (76)    
Net income: 857452557177239
Net loss attributable to noncontrolling interest (12)(11)(11)(11)(11)
Net income attributable to parent: 845441545166227
Other undisclosed net loss available to common stockholders, basic (23)(6)(6)(6)(6)
Net income available to common stockholders, diluted: 822435539159221

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income: 857452557177239
Other comprehensive income (loss) 99137(54)(18)(33)
Comprehensive income: 956589503159205
Comprehensive loss, net of tax, attributable to noncontrolling interest (12)(11)(11)(11)(11)
Comprehensive income, net of tax, attributable to parent: 944578491148194

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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