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First Horizon FHN Non Strategic — Fees And Commissions Fiduciary And Trust Activities

Discontinued — last reported Q2 '18

Similar metrics at other companies

UMBFFiduciary And Trust — Noninterest Income

$94.67M+18.7%

MTBAll Other Segments — Fees And Commissions Fiduciary And Trust Activities

$131.38M—

NTRSTreasury And Other — Trust Investment And Other Servicing Fees

$0—

NTRSCorporate And Institutional Service — Trust Investment And Other Servicing Fees

$535.2M-1.7%

UMBFInstitutional Banking — Fees And Commissions Fiduciary And Trust Activities

$27.7M+4.4%

BPOPTrustfees — Revenue

——

Other financials

Income statement

Revenue$862.0M+6.2%

Net income$262.0M+20.2%

EPS (diluted)$0.53+29.3%

Balance sheet

Cash & equivalents$1.9B—

Total debt$5.5B0.0%

Total equity$9.2B+4.8%

Total assets$84.1B+3.2%

Cash flow

Operating cash flow$278.0M-20.3%

CapEx$8.0M-11.1%

Free cash flow$270.0M-20.6%

Valuation

Market cap$11.78B+8.9%

P/E11.5×-2.0×

P/S3.4×0.0×

Profitability

Net margin29.6%+4.4pp

FCF margin30.4%—

Returns & leverage

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:FeesAndCommissionsFiduciaryAndTrustActivities.

The official record: First Horizon’s 10-Q, filed August 7, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does non strategic — fees and commissions fiduciary and trust activities mean?: Revenue earned from trust and fiduciary services in the non-core segment.
How do you interpret non strategic — fees and commissions fiduciary and trust activities?: A decline is expected as the bank exits or transitions these non-strategic fiduciary relationships.
How does non strategic — fees and commissions fiduciary and trust activities compare across companies?: Comparable to residual fee income from discontinued trust or wealth management operations.