First Horizon National Corporation (FHN) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,5541,1162,0593,2412,3301,7853,166
Cash and cash equivalents9,5541,1162,0591,8251,4339041,971
Short-term investments   1,4168978811,194
Disposal group, including discontinued operation      141
Total current assets:9,5541,1162,0593,2412,3301,7853,307
Noncurrent Assets
Finance lease, right-of-use asset42
Operating lease, right-of-use asset367202
Property, plant and equipment759455494532289276303
Intangible assets, net (including goodwill)1,8651,5631,5881,571212218175
Goodwill1,5111,4331,4331,387191191146
Intangible assets, net (excluding goodwill)354130155184212630
Total noncurrent assets:2,9952,2222,0822,103502493478
Other undisclosed assets71,66039,97336,69136,07925,72323,91721,888
TOTAL ASSETS:84,20943,31140,83241,42328,55526,19525,673
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2,1982,9708773,283536476719
Total current liabilities:2,1982,9708773,283536476719
Noncurrent Liabilities
Other undisclosed liabilities73,70435,26535,17033,56025,31423,08022,362
Total liabilities:75,90238,23536,04736,84325,85023,55623,082
Stockholders' equity
Stockholders' equity attributable to parent8,0124,7814,4904,2852,4102,3442,296
Preferred stock470969696969696
Common stock347195199204146149146
Additional paid in capital5,0742,9313,0293,1481,3871,4391,381
Accumulated other comprehensive loss(140)(240)(377)(323)(248)(214)(188)
Retained earnings2,2611,7981,5421,1601,029874861
Stockholders' equity attributable to noncontrolling interest295295295295295295295
Total stockholders' equity:8,3075,0764,7854,5802,7052,6402,591
TOTAL LIABILITIES AND EQUITY:84,20943,31140,83241,42328,55526,19525,673

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,8921,8171,9361,3331,2711,1621,151
Net investment income1,8981,4571,356849690607584
Financial services revenue282830203
Cost of revenue(503)(47)(7) (11)(9)(27)
Provision for loan, lease, and other losses(503)(47)(7)
Financial services costs (11)(9)(27)
Gross profit:1,3891,7701,9291,3331,2601,1531,124
Operating expenses(345)(312)(331)(875)(763)(704)(722)
Other operating income, net
(Noninterest Income, Other Operating Income)
123     32
Operating income:1,1671,4581,598457496449434
Nonoperating income533 11  21
Investment income, nonoperating533 01  3
Gains on sales of other real estate  10   
Bank owned life insurance income      16
Interest and debt expense(236)(414)(326)(148)(89)(83)(86)
Other undisclosed loss from continuing operations before equity method investments, income taxes(531)(459)(559)(1)(62)(258)(59)
Income from continuing operations before equity method investments, income taxes:933586714309345108310
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:933586714309345108310
Income tax expense(76)(133)(158)(132)(107)(11)(79)
Other undisclosed income from continuing operations76      
Income before gain (loss) on sale of properties:93345255717723997231
Other undisclosed net loss(76)      
Net income:85745255717723997231
Net loss attributable to noncontrolling interest(12)(11)(11)(11)(11)(11)(12)
Net income attributable to parent:84544154516622786220
Other undisclosed net loss available to common stockholders, basic(23)(6)(6)(6)(6)(6)(6)
Net income available to common stockholders, diluted:82243553915922180213

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:85745255717723997231
Other comprehensive income (loss)99137(54)(18)(33)(26)(38)
Comprehensive income:95658950315920571193
Comprehensive loss, net of tax, attributable to noncontrolling interest(12)(11)(11)(11)(11)(11)(12)
Comprehensive income, net of tax, attributable to parent:94457849114819460181

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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