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First Horizon FHN Specialty Banking — Goodwill

Discontinued — last reported Q3 '24

Other segment segments

Wholesale
$293M0.0%

Similar metrics at other companies

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ONBBanking — Goodwill
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$161.39M0.0%
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CFGCommercial Banking — Goodwill
$5.51B0.0%
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CFGConsumer Banking — Goodwill
$2.68B0.0%
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WTFCSpecialty finance — Goodwill
$37.91M+2.0%
CNA Financial logo
CNASpecialty — Goodwill

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 specialty banking — goodwill?
First Horizon (FHN) reported specialty banking — goodwill of $685M in Q3 2024.
How has First Horizon's specialty banking — goodwill changed year-over-year?
First Horizon's specialty banking — goodwill increased by 8.6% year-over-year, from $631M to $685M.
What does specialty banking — goodwill mean?
The total value of intangible assets recorded for the Specialty Banking segment due to past acquisitions.
How do you interpret specialty banking — goodwill?
An increase suggests recent acquisitions, while a decrease indicates impairment charges or write-downs.
How does specialty banking — goodwill compare across companies?
Standard across banking segments; peers typically report this as part of total segment assets or goodwill.