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
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 16,02614,75412,8049,5546,518
Cash and cash equivalents 16,02614,75412,8049,5546,518
Total current assets: 16,02614,75412,8049,5546,518
Noncurrent Assets
Finance lease, right-of-use asset    4 
Operating lease, right-of-use asset    367 
Property, plant and equipment 692714719759756
Intangible assets, net (including goodwill) 1,8221,8361,8501,8651,876
Goodwill 1,5111,5111,5111,5111,510
Intangible assets, net (excluding goodwill) 311325339354366
Total noncurrent assets: 2,5142,5502,5692,9952,632
Other undisclosed assets 69,99770,60472,14071,66073,879
TOTAL ASSETS: 88,53787,90887,51384,20983,030
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 2,2252,2462,2032,1982,142
Total current liabilities: 2,2252,2462,2032,1982,142
Noncurrent Liabilities
Other undisclosed liabilities 77,78077,09777,00373,70472,744
Total liabilities: 80,00579,34379,20675,90274,885
Stockholders' equity
Stockholders' equity attributable to parent 8,2378,2708,0128,0127,849
Preferred stock 520520470470470
Common stock 339344345347347
Additional paid in capital 4,8664,9975,0365,0745,061
Accumulated other comprehensive loss (241)(203)(241)(140)(140)
Retained earnings 2,7532,6122,4022,2612,111
Stockholders' equity attributable to noncontrolling interest 295295295295295
Total stockholders' equity: 8,5328,5658,3078,3078,144
TOTAL LIABILITIES AND EQUITY: 88,53787,90887,51384,20983,030

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Revenues(1,638)534644667678565
Net investment income 533542552681567
Principal transactions revenue, net  91115  
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
    (1)(227)
Gross profit: 534644667677338
Operating expenses (101)(114)(185)(136)(113)
Other operating income, net
(Noninterest Income, Other Operating Income)
 4340344133
Operating income: 476570516582259
Nonoperating income
(Investment Income, Nonoperating)
    1532
Interest and debt expense (64)(45)(44)(53)(66)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (126)(165)(229)(184)
Income from continuing operations before equity method investments, income taxes: 412399307301541
Other undisclosed loss from continuing operations before income taxes (114)    
Income from continuing operations before income taxes: 298399307301541
Income tax expense (63)(88)(71)(56)(2)
Other undisclosed income from continuing operations    76 
Income before gain (loss) on sale of properties: 235311236321539
Other undisclosed net loss    (76) 
Net income: 235311236245539
Net loss attributable to noncontrolling interest (3)(3)(3)(3)(3)
Net income attributable to parent: 232308233242536
Other undisclosed net loss available to common stockholders, basic (8)(13)(8)(7)(13)
Net income available to common stockholders, diluted: 224295225234523

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Net income: 235311236245539
Other comprehensive income (loss) (38)38(101)(0)(6)
Comprehensive income: 197349135245533
Comprehensive loss, net of tax, attributable to noncontrolling interest (3)(3)(3)(3)(3)
Comprehensive income, net of tax, attributable to parent: 194346132241530

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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