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First Horizon FHN Specialty Banking — Net Income

Discontinued — last reported Q3 '24

Other segment segments

Commercial, Consumer & Wealth
$299M+8.7%
Corporate
-$59M+22.4%
Wholesale
$26M+13.0%

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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 us-gaap:ProfitLoss.

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 — net income?
First Horizon (FHN) reported specialty banking — net income of $95M in Q3 2024.
How has First Horizon's specialty banking — net income changed year-over-year?
First Horizon's specialty banking — net income increased by 13.1% year-over-year, from $84M to $95M.
What does specialty banking — net income mean?
The total net profit generated by the Specialty Banking segment after all expenses and taxes.
How do you interpret specialty banking — net income?
Higher values indicate strong overall financial health and value creation by the segment.
How does specialty banking — net income compare across companies?
The primary performance metric for any business segment in the banking sector.