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First Horizon FHN Regional Banking — Trust services and investment management

Discontinued — last reported Q3 '24

Other segment segments

Commercial, Consumer & Wealth
$13M+8.3%
Corporate
$0—
Wholesale
$0—

Similar metrics at other companies

UMB Financial logo
UMBFInstitutional Banking — Fees And Commissions Fiduciary And Trust Activities
$27.7M+4.4%
Cullen/Frost Bankers logo
CFRNon-Banks — Trust and investment management fees
-$175K+71.5%
Cullen/Frost Bankers logo
CFRBank — Trust and investment management fees
$0—
Columbia Banking Systems logo
COLBFinancial services and trust revenue — Revenue
$15M+200%
Citizens Financial Group logo
CFGTrust and investment services fees — Revenue from contracts with customers
$68M+7.9%
Freedom Holding logo
FRHCBanking — Bank services
$5.17M+13.4%

Other financials

Income statement

See full
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

See full
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 fhn:TrustServicesAndInvestmentManagement.

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 — trust services and investment management?
First Horizon (FHN) reported regional banking — trust services and investment management of $12M in Q3 2024.
How has First Horizon's regional banking — trust services and investment management changed year-over-year?
First Horizon's regional banking — trust services and investment management decreased by 0.0% year-over-year, from $12M to $12M.
What is the long-term trend for First Horizon's regional banking — trust services and investment management?
Over 2 years (2021 to 2023), First Horizon's regional banking — trust services and investment management has grown at a -4.0% compound annual growth rate (CAGR), from $51M to $47M.
What does regional banking — trust services and investment management mean?
Revenue from managing trusts and investment portfolios for clients.
How do you interpret regional banking — trust services and investment management?
Growth indicates successful expansion of the bank's fiduciary business and higher assets under management.
How does regional banking — trust services and investment management compare across companies?
Comparable to 'Trust and Fiduciary Fees' or 'Investment Management Income' at other banks.