How do you interpret specialty banking — goodwill, acquired during period?

Higher values indicate active inorganic growth and expansion strategies within the specialty sector.

How does specialty banking — goodwill, acquired during period compare across companies?

Commonly reported by financial institutions during periods of M&A activity.

First Horizon FHN Specialty Banking — Goodwill, Acquired During Period

Discontinued — last reported Q3 '24

Other segment segments

Wholesale

$0—

Similar metrics at other companies

ONBBanking — Goodwill Acquired

$55.97M+25.7%

UMBFBank — Goodwill Acquired

$50K-98.9%

HBANOperating Segments — Goodwill Acquired

$330.25M+748%

WTFCCommunity Banking — Goodwill, Acquired During Period

$0—

WTFCSpecialty finance — Goodwill, Acquired During Period

$0—

JKHYBanking Systems And Services — Goodwill Acquired

$0-100%

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

See full

Cash & equivalents$1.9B—

Total debt$5.5B0.0%

Total equity$9.2B+4.8%

Total assets$84.1B+3.2%

Cash flow

See full

Operating cash flow$278.0M-20.3%

CapEx$8.0M-11.1%

Free cash flow$270.0M-20.6%

Valuation

See full

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 us-gaap:GoodwillAcquiredDuringPeriod.

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, acquired during period?: First Horizon (FHN) reported specialty banking — goodwill, acquired during period of $0 in Q3 2024.
What does specialty banking — goodwill, acquired during period mean?: The amount of new goodwill added to the Specialty Banking segment from acquisitions made this period.
How do you interpret specialty banking — goodwill, acquired during period?: Higher values indicate active inorganic growth and expansion strategies within the specialty sector.
How does specialty banking — goodwill, acquired during period compare across companies?: Commonly reported by financial institutions during periods of M&A activity.