What does non-strategic — securities gains (losses), net mean?

Net profit or loss from selling securities in the non-core business segment.

How do you interpret non-strategic — securities gains (losses), net?

This is highly dependent on market conditions and the timing of asset liquidations; it represents the final realization of value from non-core investments.

How does non-strategic — securities gains (losses), net compare across companies?

Similar to 'realized gains/losses on non-core securities' at other financial institutions.

First Horizon FHN Non-Strategic — Securities gains (losses), net

Discontinued — last reported Q3 '20

Similar metrics at other companies

CFRNon-Banks — Net gain (loss) on securities transactions

$0—

RFSecurities gains, net — Total Noninterest Income

-$3M+88.0%

FNFCorporate and Other — Recognized gains and losses, net

$0-100%

LADRCorporate Nonsegment And Intersegment Elimination — Gain Loss On Sale Of Securities Net

$0—

FRHCOther — Net gain/(loss) on trading securities

$1.96M+307%

CNACorporate And Other — Net Realized Investment Gains Losses

——

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:DebtAndEquitySecuritiesRealizedGainLoss.

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

Questions, answered.

What does non-strategic — securities gains (losses), net mean?: Net profit or loss from selling securities in the non-core business segment.
How do you interpret non-strategic — securities gains (losses), net?: This is highly dependent on market conditions and the timing of asset liquidations; it represents the final realization of value from non-core investments.
How does non-strategic — securities gains (losses), net compare across companies?: Similar to 'realized gains/losses on non-core securities' at other financial institutions.