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First Horizon FHN Non-Strategic — Noninterest Expense

Discontinued — last reported Q3 '20

Similar metrics at other companies

WBSOperating Segments — Noninterest Expense

$169.59M+5.0%

HBANOperating Segments — Noninterest Expense

$661M+4.8%

RFSegment Continuing Operations — Noninterest Expense

$897M+5.2%

CFGOperating Segments — Noninterest Expense

$858M+2.6%

CFRNon-Banks — Total non-interest expense

$1.37M-7.5%

CFGNon-Core — Noninterest Expense

$12M-47.8%

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:NoninterestExpense.

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

Questions, answered.

What does non-strategic — noninterest expense mean?: The operating costs required to run or wind down non-core business units.
How do you interpret non-strategic — noninterest expense?: A decrease is positive as it indicates reduced overhead for non-core activities.
How does non-strategic — noninterest expense compare across companies?: Comparable to 'Noninterest Expense' for non-core or discontinued segments at peer banks.