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First Horizon FHN Fixed Income — Goodwill

Discontinued — last reported Q1 '23

Other segment segments

Wholesale
$293M0.0%

Similar metrics at other companies

Jefferies Financial Group logo
JEFFixed income — Goodwill
$578.5M+0.3%
Fidelity National Financial logo
FNFOperating Segments — Goodwill
$2.43B+3.7%
Fidelity National Financial logo
FNFTitle — Goodwill
$2.8B0.0%
Jefferies Financial Group logo
JEFInvestment Banking, Capital Markets And Asset Management Segment — Goodwill
$1.7B
Fidelity National Information Services logo
FISFinancial Solutions — Goodwill
$6.7B-1.3%
Citizens Financial Group logo
CFGConsumer Banking — Goodwill
$2.68B0.0%

Other financials

Income statement

See full
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

See full
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:Goodwill.

The official record: First Horizon’s 10-Q, filed May 8, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Horizon's fixed income — goodwill?
First Horizon (FHN) reported fixed income — goodwill of $631M in Q1 2023.
How has First Horizon's fixed income — goodwill changed year-over-year?
First Horizon's fixed income — goodwill decreased by 0.0% year-over-year, from $631M to $631M.
What does fixed income — goodwill mean?
The value of intangible assets like brand reputation and customer relationships attributed to the Fixed Income segment.
How do you interpret fixed income — goodwill?
An increase suggests recent acquisitions in the fixed income space, while a decrease may indicate impairment charges due to underperformance.
How does fixed income — goodwill compare across companies?
Common in banking segments that have grown through M&A; peers will report similar goodwill allocations for their capital markets divisions.