First Horizon Corporation (FHN) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,44516,0549,5541,1162,0593,241
Cash and cash equivalents2,44516,0549,5541,1162,0591,825
Short-term investments      1,416
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss3  
Total current assets:2,44816,0549,5541,1162,0593,241
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 3342
Operating lease, right-of-use asset 331345367202
Property, plant and equipment612665759455494532
Intangible assets, net (including goodwill)1,7451,8091,8651,5631,5881,571
Goodwill1,5111,5111,5111,4331,4331,387
Intangible assets, net (excluding goodwill)234298354130155184
Total noncurrent assets:2,6912,8222,9952,2222,0822,103
Other undisclosed assets73,81470,21671,66039,97336,69136,079
TOTAL ASSETS:78,95389,09284,20943,31140,83241,423
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2,5062,1242,1982,9708773,283
Total current liabilities:2,5062,1242,1982,9708773,283
Noncurrent Liabilities
Other undisclosed liabilities67,90078,47473,70435,26535,17033,560
Total liabilities:70,40680,59875,90238,23536,04736,843
Equity
Equity, attributable to parent8,2528,1998,0124,7814,4904,285
Preferred stock1,014520470969696
Common stock336333347195199204
Additional paid in capital4,8404,7435,0742,9313,0293,148
Accumulated other comprehensive loss(1,368)(288)(140)(240)(377)(323)
Retained earnings3,4302,8912,2611,7981,5421,160
Equity, attributable to noncontrolling interest295295295295295295
Total equity:8,5478,4948,3075,0764,7854,580
TOTAL LIABILITIES AND EQUITY:78,95389,09284,20943,31140,83241,423

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,7012,1711,8921,8171,9361,333
Net investment income2,6832,1581,8981,4571,356849
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(95) (503)(47)(7) 
Gross profit:2,6062,1711,3891,7701,9291,333
Operating expenses(415)(449)(345)(312)(331)(875)
Other operating income, net
(Noninterest Income, Other Operating Income)
7568123   
Operating income:2,2661,7901,1671,4581,598457
Nonoperating income (expense) (1)533 11
Investment income, nonoperating  (1)533 01
Gain on contract termination      
Gains on sales of other real estate     10
Interest and debt expense(291)(164)(236)(414)(326)(148)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (531)(459)(559)(1)
Income from continuing operations before equity method investments, income taxes:1,9751,625933586714309
Loss from equity method investments    (1)(4)(2)
Other undisclosed income (loss) from continuing operations before income taxes(816)(341) 142
Income from continuing operations before income taxes:1,1591,284933586714309
Income tax expense(247)(274)(76)(133)(158)(132)
Other undisclosed income from continuing operations   76   
Income from continuing operations:9121,010933452557177
Income before gain (loss) on sale of properties:1,010933452557177
Other undisclosed net loss   (76)   
Net income:9121,010857452557177
Net loss attributable to noncontrolling interest(12)(11)(12)(11)(11)(11)
Net income attributable to parent:900999845441545166
Other undisclosed net loss available to common stockholders, basic(32)(37)(23)(6)(6)(6)
Net income available to common stockholders, diluted:868962822435539159

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:9121,010857452557177
Other comprehensive income (loss)(1,080)(148)99137(54)(18)
Comprehensive income (loss):(168)862956589503159
Comprehensive loss, net of tax, attributable to noncontrolling interest(12)(11)(12)(11)(11)(11)
Comprehensive income (loss), net of tax, attributable to parent:(180)851944578491148

Statements Sources

The financial statements are based on the Company's filings with 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: