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First Horizon FHN Specialty Banking — Pre-Tax Income

Discontinued — last reported Q3 '24

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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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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 — pre-tax income?
First Horizon (FHN) reported specialty banking — pre-tax income of $126M in Q3 2024.
How has First Horizon's specialty banking — pre-tax income changed year-over-year?
First Horizon's specialty banking — pre-tax income increased by 13.5% year-over-year, from $111M to $126M.
What is the long-term trend for First Horizon's specialty banking — pre-tax income?
Over 2 years (2021 to 2023), First Horizon's specialty banking — pre-tax income has grown at a -33.6% compound annual growth rate (CAGR), from $709M to $313M.
What does specialty banking — pre-tax income mean?
The total profit generated by the specialty banking segment before taxes are paid.
How do you interpret specialty banking — pre-tax income?
An increase signals improved operational efficiency or revenue growth, while a decrease suggests margin compression or rising costs.
How does specialty banking — pre-tax income compare across companies?
Standard segment-level profitability metric used by all public banks to compare business unit performance.