First Horizon National Corporation

Company Profile

First Horizon National Corporation had its IPO on 1990-03-26 under the ticker symbol FHN.

The company operates in the Financial Services sector and Banks-Regional industry. First Horizon National Corporation has a staff strength of 7,300 employees.

Stock update

Shares of First Horizon National Corporation opened at $11.72 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $11.54 - $11.92, and closed at $11.68.

This is a -0.85% slip from the previous day's closing price.

A total volume of 9,030,728 shares were traded at the close of the day’s session.

In the last one week, shares of First Horizon National Corporation have slipped by -8.39%.

First Horizon National Corporation's Key Ratios

First Horizon National Corporation has a market cap of $5.82 billion, indicating a price to book ratio of 1.8797 and a price to sales ratio of 4.2437.

In the last 12-months First Horizon National Corporation’s revenue was $3.17 billion with a gross profit of $3.11 billion and an EBITDA of $0. The EBITDA ratio measures First Horizon National Corporation's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, First Horizon National Corporation’s operating margin was 40.53% while its return on assets stood at 1.14% with a return of equity of 11.02%.

In Q1, First Horizon National Corporation’s quarterly earnings growth was a positive 26.5% while revenue growth was a positive 8.2%.

First Horizon National Corporation’s PE and PEG Ratio

Forward PE

12.6904

Trailing PE

6.3333

PEG

1.67

Its diluted EPS in the last 12-months stands at $1.71 per share while it has a forward price to earnings multiple of 12.6904 and a PEG multiple of 1.67. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into First Horizon National Corporation’s profitability.

First Horizon National Corporation stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 4.2437.

First Horizon National Corporation stock pays annual dividends of $0.6 per share, indicating a yield of 5.74% and a payout ratio of 34.48%.

Balance sheet and cash flow metrics

Total Assets

$80.73 billion

Total Liabilities

$6.48 billion

Operating Cash Flow

$-2022000000.00

Capital Expenditure

$5 million

Dividend Payout Ratio

34.48%

First Horizon National Corporation ended 2024 with $80.73 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $80.73 billion while shareholder equity stood at $8.60 billion.

First Horizon National Corporation ended 2024 with $0 in deferred long-term liabilities, $6.48 billion in other current liabilities, 336000000.00 in common stock, $3.60 billion in retained earnings and $1.51 billion in goodwill. Its cash balance stood at $3.48 billion and cash and short-term investments were $3.48 billion. The company’s total short-term debt was $6,484,000,000 while long-term debt stood at $1.61 billion.

First Horizon National Corporation’s total current assets stands at $3.48 billion while long-term investments were $11.44 billion and short-term investments were $8.95 billion. Its net receivables were $0 compared to accounts payable of $0 and inventory worth $0.

In 2024, First Horizon National Corporation's operating cash flow was $-2022000000.00 while its capital expenditure stood at $5 million.

Comparatively, First Horizon National Corporation paid $0.34 in dividends in 2024.

Other key metrics

Current Trading Price

$11.68

52-Week High

$24.6618

52-Week Low

$8.99

Analyst Target Price

$16.13

First Horizon National Corporation stock is currently trading at $11.68 per share. It touched a 52-week high of $24.6618 and a 52-week low of $24.6618. Analysts tracking the stock have a 12-month average target price of $16.13.

Its 50-day moving average was $12.69 and 200-day moving average was $17.13 The short ratio stood at 1.72 indicating a short percent outstanding of 0%.

Around 108.3% of the company’s stock are held by insiders while 8018.3% are held by institutions.