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First Horizon FHN Specialty Banking — Provision for Credit Losses

Discontinued — last reported Q3 '24

Other segment segments

Wholesale
$9M+200%
Commercial, Consumer & Wealth
$8M-78.9%
Corporate
-$2M-100%

Similar metrics at other companies

Wintrust Financial logo
WTFCSpecialty finance — Provision for Credit Losses
$2.31M+50.7%
Huntington Bancshares logo
HBANCommercial Banking — Provision for loan and lease losses
-$34M-139%
First Citizens BancShares logo
FCNCAGeneral Bank — Provision for Credit Losses
$17M-63.0%
Wintrust Financial logo
WTFCCommunity Banking — Provision for Credit Losses
$27.28M+21.6%
HBA
HBANZConsumer & Regional Banking — Provision for Credit Losses
HBA
HBANZCommercial Banking — Provision for Credit Losses

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

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 fhn:FinancingReceivableExcludingAccruedInterestAndOffBalanceSheetLiabilityCreditLossExpenseReversal.

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 — provision for credit losses?
First Horizon (FHN) reported specialty banking — provision for credit losses of $3M in Q3 2024.
How has First Horizon's specialty banking — provision for credit losses changed year-over-year?
First Horizon's specialty banking — provision for credit losses increased by 50.0% year-over-year, from $2M to $3M.
What does specialty banking — provision for credit losses mean?
The amount set aside by the Specialty Banking segment to cover potential future loan defaults.
How do you interpret specialty banking — provision for credit losses?
An increase often signals deteriorating credit quality or a more conservative economic outlook.
How does specialty banking — provision for credit losses compare across companies?
Standard banking metric; peers report this as a core component of credit risk management.