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First Horizon FHN Regional Banking — Goodwill

Discontinued — last reported Q3 '24

Other segment segments

Wholesale
$293M0.0%

Similar metrics at other companies

Freedom Holding logo
FRHCBank — Goodwill
$2.46M-10.2%
UMB Financial logo
UMBFBank — Goodwill
$161.39M0.0%
Freedom Holding logo
FRHCBank — Goodwill, Gross
$2.46M-10.2%
Regions Financial logo
RFCorporate Bank — Goodwill
$3.01B0.0%
Wintrust Financial logo
WTFCCommunity Banking — Goodwill
$687.75M0.0%
Old National Bancorp logo
ONBBanking — Goodwill
$543.67M-0.6%

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:Goodwill.

The official record: First Horizon’s 10-Q, filed November 7, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Horizon's regional banking — goodwill?
First Horizon (FHN) reported regional banking — goodwill of $825M in Q3 2024.
How has First Horizon's regional banking — goodwill changed year-over-year?
First Horizon's regional banking — goodwill decreased by 6.3% year-over-year, from $880M to $825M.
What is the long-term trend for First Horizon's regional banking — goodwill?
Over 2 years (2021 to 2023), First Horizon's regional banking — goodwill has grown at a -0.8% compound annual growth rate (CAGR), from $3.52B to $3.47B.
What does regional banking — goodwill mean?
The total value of intangible assets like brand reputation and customer loyalty recorded for the regional banking segment.
How do you interpret regional banking — goodwill?
An increase indicates recent acquisitions, while a decrease may signal impairment charges due to declining business performance.
How does regional banking — goodwill compare across companies?
Commonly reported by regional banks as 'Goodwill' under segment disclosures.