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First Horizon FHN Corporate — Merger and integration expense

Discontinued — last reported Q2 '23

Similar metrics at other companies

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FCFSCorporation — Business Combination Acquisitionand Integration Related Costs
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AIZCorporate and Other — Integration expenses
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FISCorporate and Other — Acquisition, integration and other costs
$137M+21.2%
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FISOperating Segments — Business Combination Integration Related Costs
1,600,000,000%-600,000,000pp

Other financials

Income statement

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Revenue$862.0M+6.2%
Net income$262.0M+20.2%
EPS (diluted)$0.53+29.3%

Balance sheet

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Cash & equivalents$1.9B
Total debt$5.5B0.0%
Total equity$9.2B+4.8%
Total assets$84.1B+3.2%

Cash flow

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Operating cash flow$278.0M-20.3%
CapEx$8.0M-11.1%
Free cash flow$270.0M-20.6%

Valuation

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Market cap$11.78B+8.9%
P/E11.5×-2.0×
P/S3.4×0.0×

Profitability

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Net margin29.6%+4.4pp
FCF margin30.4%

Returns & leverage

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Return on equity11.5%+2.4pp
Debt / equity0.6×0.0×

Where this comes from

Reported directly by First Horizon in its filing.

Tagged under the XBRL concept us-gaap:BusinessCombinationIntegrationRelatedCosts.

The official record: First Horizon’s 10-Q, filed August 2, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Horizon's corporate — merger and integration expense?
First Horizon (FHN) reported corporate — merger and integration expense of $30M in Q2 2023.
How has First Horizon's corporate — merger and integration expense changed year-over-year?
First Horizon's corporate — merger and integration expense decreased by 21.1% year-over-year, from $38M to $30M.
What does corporate — merger and integration expense mean?
One-time costs related to merging with or acquiring another company.
How do you interpret corporate — merger and integration expense?
Higher expenses indicate active M&A activity or integration challenges, while lower expenses suggest a focus on organic growth or completed integration.
How does corporate — merger and integration expense compare across companies?
Commonly reported by banks during consolidation phases; peers often categorize these as non-recurring or special items.