What is First Horizon's corporate — purchase accounting gain?

First Horizon (FHN) reported corporate — purchase accounting gain of -$250K in Q4 2021.

What does corporate — purchase accounting gain mean?

A one-time accounting gain recorded when an acquisition is made for less than the fair value of the assets acquired.

How do you interpret corporate — purchase accounting gain?

An increase indicates a favorable acquisition price relative to asset value, though it is non-recurring.

How does corporate — purchase accounting gain compare across companies?

Comparable to bargain purchase gains or negative goodwill recognized under acquisition accounting standards.

First Horizon FHN Corporate — Purchase accounting gain

Discontinued — last reported Q4 '21

Similar metrics at other companies

RCSmall Business Lending — Gain (loss) on bargain purchase

$0—

RCCorporate Non — Business Combination Bargain Purchase Gain Recognized Amount

$3.8M—

SSD

SSDCorporate Non — Business Combination Bargain Purchase Gain Recognized Amount

$0—

RCLoan Acquisitions — Business Combination Bargain Purchase Gain Recognized Amount

$3.8M—

SSD

SSDBusiness Combination Bargain Purchase Gain Recognized Amount

$0-100%

RCBargain purchase gain

——

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:BusinessCombinationBargainPurchaseGainRecognizedAmount.

The official record: First Horizon’s 10-K, filed March 1, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Horizon's corporate — purchase accounting gain?: First Horizon (FHN) reported corporate — purchase accounting gain of -$250K in Q4 2021.
What does corporate — purchase accounting gain mean?: A one-time accounting gain recorded when an acquisition is made for less than the fair value of the assets acquired.
How do you interpret corporate — purchase accounting gain?: An increase indicates a favorable acquisition price relative to asset value, though it is non-recurring.
How does corporate — purchase accounting gain compare across companies?: Comparable to bargain purchase gains or negative goodwill recognized under acquisition accounting standards.