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First Horizon FHN Specialty Banking — Noninterest expense (a)

Discontinued — last reported Q1 '23

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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:NoninterestExpense.

The official record: First Horizon’s 10-Q, filed May 8, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Horizon's specialty banking — noninterest expense (a)?
First Horizon (FHN) reported specialty banking — noninterest expense (a) of $91M in Q1 2023.
How has First Horizon's specialty banking — noninterest expense (a) changed year-over-year?
First Horizon's specialty banking — noninterest expense (a) decreased by 31.1% year-over-year, from $132M to $91M.
What does specialty banking — noninterest expense (a) mean?
The total operating costs of the specialty banking segment excluding interest payments.
How do you interpret specialty banking — noninterest expense (a)?
A decrease relative to revenue indicates improved operating leverage and efficiency, while an increase may signal rising overhead or investment in growth.
How does specialty banking — noninterest expense (a) compare across companies?
Equivalent to 'Noninterest expense' or 'Operating expenses' found in segment reporting for most financial institutions.