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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.87
FHN's Cash to Debt is ranked lower than
62% of the 1162 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.79 vs. FHN: 0.87 )
Ranked among companies with meaningful Cash to Debt only.
FHN' s Cash to Debt Range Over the Past 10 Years
Min: 0.08  Med: 0.48 Max: 1.8
Current: 0.87
0.08
1.8
Equity to Asset 0.09
FHN's Equity to Asset is ranked lower than
61% of the 1660 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. FHN: 0.09 )
Ranked among companies with meaningful Equity to Asset only.
FHN' s Equity to Asset Range Over the Past 10 Years
Min: 0.06  Med: 0.08 Max: 0.12
Current: 0.09
0.06
0.12
Interest Coverage 3.36
FHN's Interest Coverage is ranked higher than
70% of the 1543 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.64 vs. FHN: 3.36 )
Ranked among companies with meaningful Interest Coverage only.
FHN' s Interest Coverage Range Over the Past 10 Years
Min: 0.09  Med: 0.74 Max: 3.8
Current: 3.36
0.09
3.8
F-Score: 5
M-Score: -1.99
WACC vs ROIC
6.98%
7.48%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating margin (%) 23.46
FHN's Operating margin (%) is ranked lower than
69% of the 1677 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 31.23 vs. FHN: 23.46 )
Ranked among companies with meaningful Operating margin (%) only.
FHN' s Operating margin (%) Range Over the Past 10 Years
Min: -20.92  Med: 1.81 Max: 26.28
Current: 23.46
-20.92
26.28
Net-margin (%) 17.67
FHN's Net-margin (%) is ranked lower than
68% of the 1680 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.64 vs. FHN: 17.67 )
Ranked among companies with meaningful Net-margin (%) only.
FHN' s Net-margin (%) Range Over the Past 10 Years
Min: -13.42  Med: 2.70 Max: 21.39
Current: 17.67
-13.42
21.39
ROE (%) 8.95
FHN's ROE (%) is ranked higher than
54% of the 1675 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.42 vs. FHN: 8.95 )
Ranked among companies with meaningful ROE (%) only.
FHN' s ROE (%) Range Over the Past 10 Years
Min: -10.48  Med: -0.07 Max: 19.25
Current: 8.95
-10.48
19.25
ROA (%) 0.81
FHN's ROA (%) is ranked lower than
56% of the 1684 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.89 vs. FHN: 0.81 )
Ranked among companies with meaningful ROA (%) only.
FHN' s ROA (%) Range Over the Past 10 Years
Min: -0.95  Med: 0.16 Max: 1.24
Current: 0.81
-0.95
1.24
Revenue Growth (3Y)(%) -3.30
FHN's Revenue Growth (3Y)(%) is ranked lower than
78% of the 1369 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.90 vs. FHN: -3.30 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
FHN' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -21.2  Med: -4.20 Max: 19.9
Current: -3.3
-21.2
19.9
EBITDA Growth (3Y)(%) 121.30
FHN's EBITDA Growth (3Y)(%) is ranked higher than
99% of the 1263 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.40 vs. FHN: 121.30 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
FHN' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -25.2  Med: 14.90 Max: 121.3
Current: 121.3
-25.2
121.3
» FHN's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-07-17)


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2015

FHN Guru Trades in Q2 2015

Pioneer Investments 4,050,143 sh (+167.17%)
David Dreman 797,921 sh (+8.94%)
Arnold Schneider Sold Out
Paul Tudor Jones Sold Out
Joel Greenblatt Sold Out
Diamond Hill Capital 2,664,830 sh (-8.15%)
HOTCHKIS & WILEY 3,489,405 sh (-28.25%)
RS Investment Management 4,962,269 sh (-34.75%)
» More
Q3 2015

FHN Guru Trades in Q3 2015

Pioneer Investments 4,703,626 sh (+16.13%)
RS Investment Management 5,640,188 sh (+13.66%)
David Dreman Sold Out
HOTCHKIS & WILEY 3,472,956 sh (-0.47%)
Diamond Hill Capital 2,403,887 sh (-9.79%)
» More
Q4 2015

FHN Guru Trades in Q4 2015

Jerome Dodson 800,000 sh (+60.80%)
Diamond Hill Capital 2,503,855 sh (+4.16%)
HOTCHKIS & WILEY 3,433,717 sh (-1.13%)
RS Investment Management 4,705,627 sh (-16.57%)
Pioneer Investments 1,979,304 sh (-57.92%)
» More
Q1 2016

FHN Guru Trades in Q1 2016

Jerome Dodson 800,000 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with FHN

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of First Horizon National Corp

SymbolPriceYieldDescription
FHNPRA25.834.49

Guru Investment Theses on First Horizon National Corp

Diamond Hill Capital Comments on First Horizon National Corp - Jun 26, 2014

First Horizon National Corp. (FHN) is a Tennessee-based bank whose stock underperformed peers in 2013 due to lingering litigation concerns and continued sluggish performance within its fixed income trading business. The bank has the highest market share in Tennessee, and as one of the more asset-sensitive banks, we believe earnings should increase more quickly in a rising interest rate environment.



From Diamond Hill Capital's Small Cap Fund Commentary – First Quarter 2014.



Check out Diamond Hill Capital latest stock trades

Top Ranked Articles about First Horizon National Corp

David Dreman Sells Stake in Financial Services Company Guru reduces stake in rent-to-own company during third quarter
David Dreman’s investment philosophy is to take a low P/E approach to choosing stocks. He could write a book about contrarian investing. In fact, he has – four of them – as well as several scholarly articles. He also writes a column for Forbes magazine. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 15.99
FHN's P/E(ttm) is ranked lower than
68% of the 1570 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.56 vs. FHN: 15.99 )
Ranked among companies with meaningful P/E(ttm) only.
FHN' s P/E(ttm) Range Over the Past 10 Years
Min: 9.03  Med: 20.50 Max: 440.77
Current: 15.99
9.03
440.77
Forward P/E 13.74
FHN's Forward P/E is ranked lower than
75% of the 368 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.76 vs. FHN: 13.74 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 15.99
FHN's PE(NRI) is ranked lower than
68% of the 1570 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.56 vs. FHN: 15.99 )
Ranked among companies with meaningful PE(NRI) only.
FHN' s PE(NRI) Range Over the Past 10 Years
Min: 11.25  Med: 21.11 Max: 286.5
Current: 15.99
11.25
286.5
Price/Owner Earnings (ttm) 12.11
FHN's Price/Owner Earnings (ttm) is ranked higher than
50% of the 880 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.31 vs. FHN: 12.11 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
FHN' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 0.55  Med: 7.42 Max: 73.47
Current: 12.11
0.55
73.47
P/B 1.44
FHN's P/B is ranked lower than
77% of the 1642 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.04 vs. FHN: 1.44 )
Ranked among companies with meaningful P/B only.
FHN' s P/B Range Over the Past 10 Years
Min: 0.49  Med: 1.28 Max: 2.52
Current: 1.44
0.49
2.52
P/S 2.82
FHN's P/S is ranked higher than
53% of the 1637 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.93 vs. FHN: 2.82 )
Ranked among companies with meaningful P/S only.
FHN' s P/S Range Over the Past 10 Years
Min: 0.44  Med: 1.88 Max: 3.18
Current: 2.82
0.44
3.18
PFCF 10.08
FHN's PFCF is ranked higher than
53% of the 858 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.68 vs. FHN: 10.08 )
Ranked among companies with meaningful PFCF only.
FHN' s PFCF Range Over the Past 10 Years
Min: 1.39  Med: 4.87 Max: 228.33
Current: 10.08
1.39
228.33
POCF 8.96
FHN's POCF is ranked higher than
52% of the 975 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.20 vs. FHN: 8.96 )
Ranked among companies with meaningful POCF only.
FHN' s POCF Range Over the Past 10 Years
Min: 0.36  Med: 4.25 Max: 182.86
Current: 8.96
0.36
182.86
EV-to-EBIT 39.33
FHN's EV-to-EBIT is ranked lower than
89% of the 1503 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.40 vs. FHN: 39.33 )
Ranked among companies with meaningful EV-to-EBIT only.
FHN' s EV-to-EBIT Range Over the Past 10 Years
Min: -125.4  Med: 20.30 Max: 243.3
Current: 39.33
-125.4
243.3
EV-to-EBITDA 25.16
FHN's EV-to-EBITDA is ranked lower than
82% of the 1507 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.24 vs. FHN: 25.16 )
Ranked among companies with meaningful EV-to-EBITDA only.
FHN' s EV-to-EBITDA Range Over the Past 10 Years
Min: -142.4  Med: 17.80 Max: 293.7
Current: 25.16
-142.4
293.7
PEG 3.09
FHN's PEG is ranked lower than
80% of the 724 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.03 vs. FHN: 3.09 )
Ranked among companies with meaningful PEG only.
FHN' s PEG Range Over the Past 10 Years
Min: 0.63  Med: 1.98 Max: 7.24
Current: 3.09
0.63
7.24
Shiller P/E 106.23
FHN's Shiller P/E is ranked lower than
96% of the 504 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 17.22 vs. FHN: 106.23 )
Ranked among companies with meaningful Shiller P/E only.
FHN' s Shiller P/E Range Over the Past 10 Years
Min: 2.46  Med: 8.40 Max: 114.54
Current: 106.23
2.46
114.54

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.83
FHN's Dividend Yield is ranked lower than
75% of the 2098 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.90 vs. FHN: 1.83 )
Ranked among companies with meaningful Dividend Yield only.
FHN' s Dividend Yield Range Over the Past 10 Years
Min: 0.09  Med: 1.69 Max: 18.53
Current: 1.83
0.09
18.53
Dividend Payout 0.71
FHN's Dividend Payout is ranked lower than
88% of the 1273 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.34 vs. FHN: 0.71 )
Ranked among companies with meaningful Dividend Payout only.
FHN' s Dividend Payout Range Over the Past 10 Years
Min: 0.09  Med: 0.38 Max: 2.22
Current: 0.71
0.09
2.22
Dividend Growth (3y) 81.70
FHN's Dividend Growth (3y) is ranked higher than
97% of the 742 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.80 vs. FHN: 81.70 )
Ranked among companies with meaningful Dividend Growth (3y) only.
FHN' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: 10.00 Max: 81.7
Current: 81.7
0
81.7
Forward Dividend Yield 1.97
FHN's Forward Dividend Yield is ranked lower than
76% of the 1965 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.74 vs. FHN: 1.97 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 1.83
FHN's Yield on cost (5-Year) is ranked lower than
74% of the 2495 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.43 vs. FHN: 1.83 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
FHN' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.09  Med: 1.69 Max: 18.53
Current: 1.83
0.09
18.53
3-Year Average Share Buyback Ratio 1.60
FHN's 3-Year Average Share Buyback Ratio is ranked higher than
90% of the 1112 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.00 vs. FHN: 1.60 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
FHN' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -16  Med: -0.30 Max: 3.4
Current: 1.6
-16
3.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.62
FHN's Price/Tangible Book is ranked lower than
75% of the 1634 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.11 vs. FHN: 1.62 )
Ranked among companies with meaningful Price/Tangible Book only.
FHN' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.99  Med: 3.01 Max: 8.87
Current: 1.62
0.99
8.87
Price/Projected FCF 0.57
FHN's Price/Projected FCF is ranked higher than
61% of the 885 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.65 vs. FHN: 0.57 )
Ranked among companies with meaningful Price/Projected FCF only.
FHN' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.22  Med: 0.51 Max: 4.34
Current: 0.57
0.22
4.34
Price/Median PS Value 1.49
FHN's Price/Median PS Value is ranked lower than
89% of the 1548 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.01 vs. FHN: 1.49 )
Ranked among companies with meaningful Price/Median PS Value only.
FHN' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.4  Med: 1.27 Max: 1.99
Current: 1.49
0.4
1.99
Price/Peter Lynch Fair Value 2.55
FHN's Price/Peter Lynch Fair Value is ranked lower than
94% of the 438 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.83 vs. FHN: 2.55 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
FHN' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 0.55  Med: 1.01 Max: 2.65
Current: 2.55
0.55
2.65
Price/Graham Number 1.07
FHN's Price/Graham Number is ranked lower than
93% of the 1461 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.82 vs. FHN: 1.07 )
Ranked among companies with meaningful Price/Graham Number only.
FHN' s Price/Graham Number Range Over the Past 10 Years
Min: 0.86  Med: 1.80 Max: 2.91
Current: 1.07
0.86
2.91
Earnings Yield (Greenblatt) (%) 2.55
FHN's Earnings Yield (Greenblatt) (%) is ranked lower than
81% of the 1644 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.90 vs. FHN: 2.55 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FHN' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.4  Med: 3.20 Max: 9.3
Current: 2.55
0.4
9.3
Forward Rate of Return (Yacktman) (%) 29.60
FHN's Forward Rate of Return (Yacktman) (%) is ranked higher than
82% of the 843 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.13 vs. FHN: 29.60 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
FHN' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -4.9  Med: 39.95 Max: 101
Current: 29.6
-4.9
101

More Statistics

Revenue(Mil) $1191
EPS $ 0.87
Beta0.90
Short Percentage of Float5.67%
52-Week Range $11.51 - 16.35
Shares Outstanding(Mil)237.75

Analyst Estimate

Dec16 Dec17
Revenue(Mil)
EPS($) 0.88 1.04
EPS without NRI($) 0.88 1.04

Business Description

Industry: Banks » Banks - Regional - US
Compare:NAS:UMPQ, NYSE:WBS, NAS:PVTB, NAS:BPOP, NAS:FCNCA » details
Traded in other countries:FT2.Germany,
First Horizon National Corp is a Tennessee corporation incorporated in 1968. It is a bank holding company. The Company provides financial services through its principal subsidiary, First Tennessee Bank National Association "Bank" and its subsidiaries. The Company has four business segments; regional banking, capital markets, corporate, and non-strategic. The regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and surrounding markets. Regional banking provides investments, financial planning, trust services and asset management, credit card, cash management, and first lien mortgage originations within the Tennessee footprint. Additionally, the regional banking segment includes correspondent banking which provides credit, depository, and other banking related services to other financial institutions; The capital markets segment consists of fixed income sales, trading, and strategies for institutional clients in the U.S. and abroad, as well as loan sales, portfolio advisory, and derivative sales. The corporate segment consists of gains on the extinguishment of debt, unallocated corporate expenses, expense on subordinated debt issuances and preferred stock, bank-owned life insurance, unallocated interest income associated with excess equity, net impact of raising incremental capital, revenue and expense associated with deferred compensation plans, funds management, low income housing investment activities, and various charges related to restructuring, repositioning, and efficiency; The nonstrategic segment consists of the wind-down national consumer lending activities, legacy mortgage banking elements including servicing fees, and the associated ancillary revenues and expenses related to these businesses. Non-strategic also includes the wind-down trust preferred loan portfolio and exited businesses along with the associated restructuring, repositioning, and efficiency charges. The Corporation and its subsidiaries face competition in all aspects of the businesses in which they engage from national and state banks located in its Tennessee markets and out-of-state and non-U.S. banks as well as from savings and loan associations, credit unions, other financial institutions, consumer finance companies, trust companies, investment counseling firms, money market and other mutual funds, insurance companies and agencies, securities firms, mortgage banking companies and others. The Corporation is subject to the regulation and supervision of and examination by the Federal Reserve under the BHCA.
» More Articles for FHN

Headlines

Articles On GuruFocus.com
David Dreman Sells Stake in Financial Services Company Nov 13 2015 
Diamond Hill Capital Comments on First Horizon National Corp Jun 26 2014 
50 Stocks with Fastest Dividend Growth in January 2013 Jan 30 2013 
4 Heavily Traded Stocks To Buy Now, 1 To Avoid Mar 03 2012 
Arnold Schneider Bought Selected Financials and Energy Stocks Last Quarter Dec 28 2011 
Weekly CEO Buys Highlight: PTP, CTFO, TWMC, FHN, WINA Oct 22 2011 
Big Time Investors Who Made Big Time Mistakes Example #2 - Tom Brown Prominent Bank Stock Analyst of Sep 03 2010 
First Horizon National Corp. Reports Operating Results (10-Q) Nov 05 2009 
Is John Paulson Seriously Bullish About Bank of America, Capital One Financial, Fifth Third Bancorp, Aug 14 2009 
Weekly Guru Bargains Highlights: SmurfitStone Container Corp., First Horizon National Corp., CME Gro Jun 06 2008 

More From Other Websites
FIRST HORIZON NATIONAL CORP Files SEC form 8-K, Change in Directors or Principal Officers,... Apr 27 2016
First Horizon Expands Share Purchase Program, Declares Quarterly Dividends Apr 26 2016
First Horizon Expands Share Purchase Program, Declares Quarterly Dividends Apr 26 2016
ETF’s with exposure to First Horizon National Corp. (Tennessee) : April 26, 2016 Apr 26 2016
First Horizon National Corp. (Tennessee) :FHN-US: Earnings Analysis: Q1, 2016 By the Numbers Apr 21 2016
Banker celebrates 50 years of professional service at First Tennessee Apr 21 2016
First Horizon Q1 Earnings Came in As Expected, Revenues Up Apr 18 2016
Edited Transcript of FHN earnings conference call or presentation 15-Apr-16 1:30pm GMT Apr 15 2016
First Horizon National (FHN) Stock Closed Up on Q1 Results Apr 15 2016
First Horizon momentum continues in first quarter Apr 15 2016
Q1 2016 First Horizon National Corp Earnings Release - Before Market Open Apr 15 2016
FIRST HORIZON NATIONAL CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and... Apr 15 2016
First Horizon momentum continues in first quarter Apr 15 2016
First Horizon meets 1Q profit forecasts Apr 15 2016
First Horizon meets 1Q profit forecasts Apr 15 2016
What to Expect When First Horizon National (FHN) Reports Q1 Results Apr 14 2016
First Horizon National: The Sun Is Coming Up Apr 13 2016
Are the banks cheap now? Apr 12 2016
Triad among targets for First Tennessee Bank's new $50M community fund Apr 06 2016
First Horizon National Corp. to Announce Financial Results and Host Conference Call on April 15 Apr 04 2016

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