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First Horizon FHN Regional Banking — Goodwill Impairment

Discontinued — last reported Q4 '16

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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:GoodwillImpairmentLoss.

The official record: First Horizon’s 10-K, filed February 27, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does regional banking — goodwill impairment mean?
A write-down of the value of past acquisitions.
How do you interpret regional banking — goodwill impairment?
High impairment losses suggest that previous acquisitions were overpriced or are underperforming relative to initial expectations.
How does regional banking — goodwill impairment compare across companies?
Commonly monitored by investors to assess the success of M&A strategies.