First Horizon Corporation (FHN)

First Horizon Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	1,240	1,212	1,190	1,300	1,268	284
Investment Securities	3,811	4,307	4,066	17,265	10,966	1,763
Trading Asset Securities	1,986	1,989	1,835	1,925	1,945	1,529
Mortgage-Backed Securities	7,836	7,953	8,447	8,024	6,218	4,019
Total Investments	13,633	14,249	14,348	27,214	19,129	7,311
Gross Loans	62,445	61,536	58,300	54,859	58,232	31,061
Allowance for Loan Losses	-823	-773	-685	-670	-963	-200
Other Adjustments to Gross Loans	-	-244	-198	-	-	-
Net Loans	61,622	60,519	57,417	54,189	57,269	30,861
Property, Plant & Equipment	572	899	945	997	1,112	649
Goodwill	1,510	1,510	1,511	1,511	1,511	1,433
Other Intangible Assets	154	186	234	298	354	131
Loans Held for Sale	494	502	590	1,172	1,022	594
Accrued Interest Receivable	281	287	226	134	180	85
Restricted Cash	-	-	-	-	-	396
Other Real Estate Owned & Foreclosed	7	7	11	10	20	20
Other Long-Term Assets	3,075	2,266	2,431	2,238	2,283	1,471
Total Assets	82,635	81,661	78,953	89,092	84,209	43,311
Interest Bearing Deposits	50,363	46,776	39,087	46,153	46,409	23,101
Institutional Deposits	-	1,800	936	859	1,400	900
Non-Interest Bearing Deposits	16,212	17,204	23,466	27,883	22,173	8,429
Total Deposits	66,575	65,780	63,489	74,895	69,982	32,430
Short-Term Borrowings	3,106	3,248	3,464	2,252	2,347	3,585
Current Portion of Long-Term Debt	-	-	450	-	-	496
Other Current Liabilities	767	509	335	426	353	506
Long-Term Debt	1,004	1,000	999	1,442	1,430	149
Long-Term Leases	-	345	371	386	411	226
Trust Preferred Securities	198	150	148	148	240	146
Pension & Post-Retirement Benefits	-	66	56	71	80	77
Other Long-Term Liabilities	1,669	1,272	1,094	978	1,059	620
Total Liabilities	73,319	72,370	70,406	80,598	75,902	38,235
Preferred Stock, Redeemable	426	520	1,014	520	470	96
Common Stock	333	349	336	333	347	195
Additional Paid-In Capital	4,947	5,351	4,840	4,743	5,074	2,931
Retained Earnings	4,304	3,964	3,430	2,891	2,261	1,798
Comprehensive Income & Other	-989	-1,188	-1,368	-288	-140	-239
Total Common Equity	8,595	8,476	7,238	7,679	7,542	4,685
Minority Interest	295	295	295	295	295	295
Shareholders' Equity	9,316	9,291	8,547	8,494	8,307	5,076
Total Liabilities & Equity	82,635	81,661	78,953	89,092	84,209	43,311
Total Debt	4,308	4,743	5,432	4,228	4,428	4,602
Net Cash (Debt)	1,000	305	-670	14,392	7,516	-1,720
Net Cash Growth	46.41%	-	-	91.48%	-	-
Net Cash Per Share	1.81	0.54	-1.18	26.11	17.33	-5.45
Filing Date Shares Outstanding	530.14	558.81	537.34	533.63	555.47	311.6
Total Common Shares Outstanding	532.18	558.84	537.1	533.58	555.03	311.47
Book Value Per Share	16.15	15.17	13.48	14.39	13.59	15.04
Tangible Book Value	6,931	6,780	5,493	5,870	5,677	3,121
Tangible Book Value Per Share	13.02	12.13	10.23	11.00	10.23	10.02

Source: S&P Capital IQ. Banks template. Financial Sources.