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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1162,0593,2412,3301,7853,166 
Cash and cash equivalents1,1162,0591,8251,4339041,971 
Short-term investments  1,4168978811,194 
Disposal group, including discontinued operation     141 
Total current assets:1,1162,0593,2412,3301,7853,307 
Noncurrent Assets
Finance lease, right-of-use asset2
Operating lease, right-of-use asset202
Property, plant and equipment455494532289276303305
Intangible assets, net (including goodwill)1,5631,5881,571212218175164
Goodwill1,4331,4331,387191191146142
Intangible assets, net (excluding goodwill)13015518421263022
Total noncurrent assets:2,2222,0822,103502493478469
Other undisclosed assets39,97336,69136,07925,72323,91721,88823,321
TOTAL ASSETS:43,31140,83241,42328,55526,19525,67323,790
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2,9708773,283536476719181
Total current liabilities:2,9708773,283536476719181
Noncurrent Liabilities
Other undisclosed liabilities35,26535,17033,56025,31423,08022,36221,108
Total liabilities:38,23536,04736,84325,85023,55623,08221,289
Stockholders' equity
Stockholders' equity attributable to parent4,7814,4904,2852,4102,3442,2962,205
Preferred stock96969696969696
Common stock195199204146149146148
Additional paid in capital2,9313,0293,1481,3871,4391,3811,417
Accumulated other comprehensive loss(240)(377)(323)(248)(214)(188)(150)
Retained earnings1,7981,5421,1601,029874861695
Stockholders' equity attributable to noncontrolling interest295295295295295295295
Total stockholders' equity:5,0764,7854,5802,7052,6402,5912,501
TOTAL LIABILITIES AND EQUITY:43,31140,83241,42328,55526,19525,67323,790

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,8171,9361,3331,2711,1621,1511,167
Net investment income1,4571,356849690607584 
Financial services revenue282830203 
Cost of revenue(47)(7) (11)(9)(27) 
Provision for loan, lease, and other losses(47)(7)
Financial services costs (11)(9)(27) 
Gross profit:1,7701,9291,3331,2601,1531,1241,167
Operating expenses(312)(331)(875)(763)(704)(722)(626)
Other operating income, net
(Noninterest Income, Other Operating Income)
     3240
Operating income:1,4581,598457496449434582
Nonoperating income (expense) 11  21(4)
Investment income, nonoperating 01  3 
Gains on sales of other real estate 10    
Bank owned life insurance income     1617
Mortgage servicing rights (msr) impairment (recovery)     1(20)
Interest and debt expense(414)(326)(148)(89)(83)(86)(95)
Other undisclosed loss from continuing operations before equity method investments, income taxes(459)(559)(1)(62)(258)(59)(475)
Income from continuing operations before equity method investments, income taxes:5867143093451083108
Loss from equity method investments(1)(4)(2)    
Other undisclosed income from continuing operations before income taxes142    
Income from continuing operations before income taxes:5867143093451083108
Income tax expense (benefit)(133)(158)(132)(107)(11)(79)32
Income from continuing operations:4525571772399723141
Income from discontinued operations      1
Net income:4525571772399723141
Net loss attributable to noncontrolling interest(11)(11)(11)(11)(11)(12)(11)
Net income attributable to parent:4415451662278622030
Other undisclosed net loss available to common stockholders, basic(6)(6)(6)(6)(6)(6)(6)
Net income available to common stockholders, diluted:4355391592218021324

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:4525571772399723141
Other comprehensive income (loss)137(54)(18)(33)(26)(38)(4)
Comprehensive income:5895031592057119337
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(11)(11)(11)(11)(11)(12)11
Other undisclosed comprehensive loss, net of tax, attributable to parent      (23)
Comprehensive income, net of tax, attributable to parent:5784911481946018126

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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