What does non-strategic — net interest income mean?

Interest profit generated by business units that are being wound down.

How do you interpret non-strategic — net interest income?

A decrease is expected as the segment is wound down; unexpected increases may indicate delays in asset liquidation.

How does non-strategic — net interest income compare across companies?

Similar to 'Net Interest Income' in 'Non-Core' or 'Legacy' segments at other banks.

First Horizon FHN Non-Strategic — Net Interest Income

Discontinued — last reported Q3 '20

Similar metrics at other companies

CFRNon-Banks — Net interest income (expense)

-$2.9M+6.7%

CFGNon-Core — Net Interest Income

-$7M+75.0%

FCNCAGeneral Bank — Net Interest Income

$691M+25.9%

VLYCommercial Banking — Net Interest Income

$355.54M+6.6%

CFRBank — Net interest income (expense)

$439.87M+5.3%

HBANOperating Segments — Interest Income Expense Net

$788M+4.2%

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

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:InterestIncomeExpenseNet.

The official record: First Horizon’s 10-Q, filed November 5, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does non-strategic — net interest income mean?: Interest profit generated by business units that are being wound down.
How do you interpret non-strategic — net interest income?: A decrease is expected as the segment is wound down; unexpected increases may indicate delays in asset liquidation.
How does non-strategic — net interest income compare across companies?: Similar to 'Net Interest Income' in 'Non-Core' or 'Legacy' segments at other banks.