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First Horizon FHN Specialty Banking — Noninterest expense

Discontinued — last reported Q3 '24

Other segment segments

Commercial, Consumer & Wealth
$368M+7.0%
Wholesale
$83M+10.7%
Corporate
$54M-20.6%

Similar metrics at other companies

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FCNCAGeneral Banking — Noninterest expense
$520M+30.7%
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WTFCSpecialty Finance — Non-interest expense
$59.21M+11.8%
First Citizens BancShares logo
FCNCAGeneral Banking — Noninterest expenses
$393M+0.8%
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FCNCAGeneral Bank — Noninterest Expense
$600M+6.2%
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FCNCACommercial Banking — Noninterest expense
$228M+8.6%
Huntington Bancshares logo
HBANOperating Segments — Noninterest Expense
$661M+4.8%

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

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:NoninterestExpense.

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 — noninterest expense?
First Horizon (FHN) reported specialty banking — noninterest expense of $104M in Q3 2024.
How has First Horizon's specialty banking — noninterest expense changed year-over-year?
First Horizon's specialty banking — noninterest expense increased by 8.3% year-over-year, from $96M to $104M.
What does specialty banking — noninterest expense mean?
The total operating costs required to run the Specialty Banking segment.
How do you interpret specialty banking — noninterest expense?
Lower values relative to income indicate higher operational efficiency and better cost control.
How does specialty banking — noninterest expense compare across companies?
Comparable to 'Operating Expenses' or 'Non-interest Expense' at peer financial institutions.