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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 0.25
FHN's Cash to Debt is ranked higher than
58% of the 1551 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.48 vs. FHN: 0.25 )
FHN' s 10-Year Cash to Debt Range
Min: 0.07   Max: 3.27
Current: 0.25

0.07
3.27
Equity to Asset 0.10
FHN's Equity to Asset is ranked higher than
73% of the 1996 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.09 vs. FHN: 0.10 )
FHN' s 10-Year Equity to Asset Range
Min: 0.06   Max: 0.12
Current: 0.1

0.06
0.12
Interest Coverage 0.09
FHN's Interest Coverage is ranked lower than
54% of the 1825 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.27 vs. FHN: 0.09 )
FHN' s 10-Year Interest Coverage Range
Min: 0.09   Max: 2.9
Current: 0.09

0.09
2.9
F-Score: 7
Z-Score: 0.23
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 : 6/10

vs
industry
vs
history
Operating margin (%) 22.37
FHN's Operating margin (%) is ranked higher than
64% of the 2006 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 29.16 vs. FHN: 22.37 )
FHN' s 10-Year Operating margin (%) Range
Min: -20.92   Max: 30.04
Current: 22.37

-20.92
30.04
Net-margin (%) 18.68
FHN's Net-margin (%) is ranked higher than
70% of the 2006 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 21.42 vs. FHN: 18.68 )
FHN' s 10-Year Net-margin (%) Range
Min: -13.42   Max: 21.39
Current: 18.68

-13.42
21.39
ROE (%) 9.89
FHN's ROE (%) is ranked higher than
81% of the 2016 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.57 vs. FHN: 9.89 )
FHN' s 10-Year ROE (%) Range
Min: -8.58   Max: 26.11
Current: 9.89

-8.58
26.11
ROA (%) 0.93
FHN's ROA (%) is ranked higher than
79% of the 2019 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.80 vs. FHN: 0.93 )
FHN' s 10-Year ROA (%) Range
Min: -0.95   Max: 1.96
Current: 0.93

-0.95
1.96
ROC (Joel Greenblatt) (%) 62.50
FHN's ROC (Joel Greenblatt) (%) is ranked higher than
72% of the 1989 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 76.96 vs. FHN: 62.50 )
FHN' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -32.57   Max: 285.12
Current: 62.5

-32.57
285.12
Revenue Growth (%) -10.70
FHN's Revenue Growth (%) is ranked higher than
56% of the 1727 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.00 vs. FHN: -10.70 )
FHN' s 10-Year Revenue Growth (%) Range
Min: -21.2   Max: 22.2
Current: -10.7

-21.2
22.2
EBITDA Growth (%) -16.20
FHN's EBITDA Growth (%) is ranked higher than
57% of the 1558 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.50 vs. FHN: -16.20 )
FHN' s 10-Year EBITDA Growth (%) Range
Min: -25.3   Max: 30.4
Current: -16.2

-25.3
30.4
» FHN's 10-Y Financials

Financials


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

» Details

Guru Trades

Q4 2013

FHN Guru Trades in Q4 2013

HOTCHKIS & WILEY 12,690,155 sh (+23.64%)
RS Investment Management 13,028,456 sh (+15.69%)
David Dreman 770,660 sh (+14.46%)
Joel Greenblatt Sold Out
Jim Simons 1,690,182 sh (-8.15%)
Arnold Schneider 2,620,123 sh (-18.81%)
Steven Cohen 10,362 sh (-53.63%)
» More
Q1 2014

FHN Guru Trades in Q1 2014

Diamond Hill Capital 1,579,000 sh (New)
Steven Cohen 15,066 sh (+45.4%)
HOTCHKIS & WILEY 13,328,155 sh (+5.03%)
David Dreman 794,620 sh (+3.11%)
Arnold Schneider 2,564,413 sh (-2.13%)
RS Investment Management 12,619,933 sh (-3.14%)
Jim Simons 805,482 sh (-52.34%)
» More
Q2 2014

FHN Guru Trades in Q2 2014

HOTCHKIS & WILEY 14,648,355 sh (+9.91%)
Diamond Hill Capital 1,724,220 sh (+9.2%)
Jim Simons Sold Out
David Dreman 778,515 sh (-2.03%)
RS Investment Management 11,921,814 sh (-5.53%)
Arnold Schneider 2,156,275 sh (-15.92%)
» More
Q3 2014

FHN Guru Trades in Q3 2014

John Burbank 12,902 sh (New)
Diamond Hill Capital 1,851,030 sh (+7.35%)
David Dreman 788,860 sh (+1.33%)
HOTCHKIS & WILEY 14,076,753 sh (-3.9%)
Arnold Schneider 2,042,280 sh (-5.29%)
RS Investment Management 10,696,789 sh (-10.28%)
» 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%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Arnold Schneider 2014-09-30 Reduce -5.29%0.15%$11.47 - $12.96 $ 12.948%2042280
John Burbank 2014-09-30 New Buy$11.47 - $12.96 $ 12.948%12902
Arnold Schneider 2014-06-30 Reduce -15.92%0.56%$11.18 - $12.56 $ 12.9411%2156275
Arnold Schneider 2013-12-31 Reduce -18.81%0.6%$10.65 - $11.68 $ 12.9416%2620123
HOTCHKIS & WILEY 2013-12-31 Add 23.64%0.12%$10.65 - $11.68 $ 12.9416%12690155
Joel Greenblatt 2013-12-31 Sold Out $10.65 - $11.68 $ 12.9416%0
David Dreman 2013-09-30 Reduce -72.7%0.58%$11.05 - $12.55 $ 12.9410%673326
Arnold Schneider 2013-09-30 Reduce -10.67%0.41%$11.05 - $12.55 $ 12.9410%3227113
Joel Greenblatt 2013-09-30 New Buy$11.05 - $12.55 $ 12.9410%13095
Arnold Schneider 2013-06-30 Add 39.16%1.07%$9.72 - $11.67 $ 12.9420%3612407
HOTCHKIS & WILEY 2013-06-30 Add 32.66%0.13%$9.72 - $11.67 $ 12.9420%9153829
David Dreman 2013-06-30 Reduce -14.9%0.12%$9.72 - $11.67 $ 12.9420%2466099
HOTCHKIS & WILEY 2013-03-31 Add 20.42%0.06%$9.91 - $11.26 $ 12.9423%6900329
Arnold Schneider 2012-12-31 Add 7.74%0.17%$9 - $10.16 $ 12.9436%2606234
David Dreman 2012-09-30 New Buy0.65%$7.91 - $10.23 $ 12.9447%2691086
Arnold Schneider 2012-09-30 Add 7.9%0.15%$7.91 - $10.23 $ 12.9447%2418984
HOTCHKIS & WILEY 2012-09-30 Add 23.79%0.06%$7.91 - $10.23 $ 12.9447%5736729
Andreas Halvorsen 2012-06-30 Sold Out 0.36%$7.57 - $10.51 $ 12.9446%0
HOTCHKIS & WILEY 2012-06-30 Add 84.09%0.11%$7.57 - $10.51 $ 12.9446%4634229
Andreas Halvorsen 2012-03-31 New Buy0.36%$8.23 - $10.89 $ 12.9445%4255000
HOTCHKIS & WILEY 2012-03-31 Reduce -34.7%0.07%$8.23 - $10.89 $ 12.9445%2517413
Arnold Schneider 2011-12-31 Add 45.57%0.63%$5.63 - $8.25 $ 12.9482%2818115
Ray Dalio 2011-12-31 Sold Out 0.1%$5.63 - $8.25 $ 12.9482%0
Arnold Schneider 2011-09-30 New Buy0.92%$5.96 - $9.72 $ 12.9469%1935920
John Paulson 2011-09-30 Sold Out 0.252%$5.96 - $9.72 $ 12.9469%0
Ray Dalio 2011-09-30 Add 79.15%0.04%$5.96 - $9.72 $ 12.9470%1142501
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Preferred stocks of First Horizon National Corp

SymbolPriceYieldDescription
FHNPRA11.696.30

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

Diamond Hill Capital Comments on First Horizon National Corp
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. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 14.30
FHN's P/E(ttm) is ranked higher than
81% of the 2626 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 17.50 vs. FHN: 14.30 )
FHN' s 10-Year P/E(ttm) Range
Min: 9.03   Max: 440.77
Current: 14.3

9.03
440.77
P/B 1.40
FHN's P/B is ranked higher than
71% of the 2626 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.34 vs. FHN: 1.40 )
FHN' s 10-Year P/B Range
Min: 0.49   Max: 3.1
Current: 1.4

0.49
3.1
P/S 2.60
FHN's P/S is ranked higher than
83% of the 2626 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.61 vs. FHN: 2.60 )
FHN' s 10-Year P/S Range
Min: 0.44   Max: 2.98
Current: 2.6

0.44
2.98
PFCF 3.60
FHN's PFCF is ranked higher than
96% of the 2626 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9999.00 vs. FHN: 3.60 )
FHN' s 10-Year PFCF Range
Min: 0.48   Max: 191.8
Current: 3.6

0.48
191.8
EV-to-EBIT 19.32
FHN's EV-to-EBIT is ranked higher than
72% of the 2626 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 19.80 vs. FHN: 19.32 )
FHN' s 10-Year EV-to-EBIT Range
Min: -123.8   Max: 503.5
Current: 19.32

-123.8
503.5

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.60
FHN's Dividend Yield is ranked lower than
65% of the 1871 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.25 vs. FHN: 1.60 )
FHN' s 10-Year Dividend Yield Range
Min: 0.09   Max: 18.85
Current: 1.6

0.09
18.85
Dividend Payout 0.22
FHN's Dividend Payout is ranked higher than
84% of the 2626 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.60 vs. FHN: 0.22 )
FHN' s 10-Year Dividend Payout Range
Min: 0.06   Max: 3
Current: 0.22

0.06
3
Yield on cost (5-Year) 1.60
FHN's Yield on cost (5-Year) is ranked lower than
66% of the 1883 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.50 vs. FHN: 1.60 )
FHN' s 10-Year Yield on cost (5-Year) Range
Min: 0.09   Max: 18.85
Current: 1.6

0.09
18.85
Share Buyback Rate -0.60
FHN's Share Buyback Rate is ranked higher than
80% of the 1472 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.90 vs. FHN: -0.60 )
FHN' s 10-Year Share Buyback Rate Range
Min: 2   Max: -16
Current: -0.6

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.50
FHN's Price/Tangible Book is ranked higher than
74% of the 2626 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.62 vs. FHN: 1.50 )
FHN' s 10-Year Price/Tangible Book Range
Min: 0.61   Max: 30.69
Current: 1.5

0.61
30.69
Price/DCF (Projected) 0.40
FHN's Price/DCF (Projected) is ranked higher than
94% of the 2626 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.54 vs. FHN: 0.40 )
FHN' s 10-Year Price/DCF (Projected) Range
Min: 0.13   Max: 5.64
Current: 0.4

0.13
5.64
Price/Median PS Value 1.40
FHN's Price/Median PS Value is ranked higher than
70% of the 2626 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.25 vs. FHN: 1.40 )
FHN' s 10-Year Price/Median PS Value Range
Min: 0.27   Max: 1.96
Current: 1.4

0.27
1.96
Price/Graham Number 0.90
FHN's Price/Graham Number is ranked higher than
82% of the 2626 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.19 vs. FHN: 0.90 )
FHN' s 10-Year Price/Graham Number Range
Min: 0.68   Max: 5.3
Current: 0.9

0.68
5.3
Earnings Yield (Greenblatt) 5.20
FHN's Earnings Yield (Greenblatt) is ranked higher than
68% of the 1973 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.60 vs. FHN: 5.20 )
FHN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 11.9
Current: 5.2

0.2
11.9
Forward Rate of Return (Yacktman) 10.26
FHN's Forward Rate of Return (Yacktman) is ranked higher than
79% of the 1512 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.69 vs. FHN: 10.26 )
FHN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -9.2   Max: 100.9
Current: 10.26

-9.2
100.9

Business Description

Industry: Banks » Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR » 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
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 
insiders paulson Oct 17 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 
Tom Brown: Is it a Bottom in Financial Stocks? Jul 24 2008 

More From Other Websites
First Tennessee Announces Completion of $400 Million Senior Notes Sale Nov 21 2014
First Tennessee Bank Prices $400M Senior Notes at 2.95% Nov 17 2014
First Tennessee Announces Pricing of $400 Million of Senior Notes Nov 14 2014
First Tennessee Announces Pricing of $400 Million of Senior Notes Nov 14 2014
FIRST HORIZON NATIONAL CORP Financials Nov 14 2014
First Horizon downgraded by Compass Point Nov 14 2014
First Horizon National Corp. to Post Analysts' Materials on www.FirstHorizon.com Nov 12 Nov 12 2014
First Horizon National Corp. to Post Analysts' Materials on www.FirstHorizon.com Nov 12 Nov 12 2014
10-Q for First Horizon National Corp. (Tennessee) Nov 08 2014
FIRST HORIZON NATIONAL CORP Files SEC form 10-Q, Quarterly Report Nov 06 2014
First Tennessee Bank to Expand in North Carolina With Acquisition of TrustAtlantic Oct 22 2014
First Tennessee Bank to Expand in North Carolina With Acquisition of TrustAtlantic Oct 22 2014
FIRST HORIZON NATIONAL CORP Files SEC form 8-K, Regulation FD Disclosure, Other Events, Financial... Oct 22 2014
FIRST HORIZON NATIONAL CORP Files SEC form 8-K, Change in Directors or Principal Officers,... Oct 21 2014
First Horizon Declares Quarterly Dividends Oct 21 2014
Photo Release -- Cecelia D. Stewart Elected to First Horizon Board Oct 21 2014
Photo Release -- Cecelia D. Stewart Elected to First Horizon Board Oct 21 2014
First Horizon Declares Quarterly Dividends Oct 21 2014
First Horizon National (FHN) Upgraded From Hold to Buy Oct 21 2014
First Tennessee to Offer Apple Pay Oct 20 2014
First Horizon Reports In-Line Q3 Earnings, Costs in Check Oct 17 2014
Loan Growth, Strong Fundamentals Yield Positive Results at First Horizon Oct 17 2014
FIRST HORIZON NATIONAL CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and... Oct 17 2014
Q3 2014 First Horizon National Corp Earnings Release - Before Market Open Oct 17 2014
Loan Growth, Strong Fundamentals Yield Positive Results at First Horizon Oct 17 2014
Will First Horizon Miss Q3 Earnings on Lower Revenues? Oct 16 2014
First Tennessee Bank Selects Novantas to Provide its Advanced Deposit Portfolio Analytics and... Oct 14 2014
First Tennessee to Introduce Chip Cards to Protect Cardholder Data Oct 02 2014
First Horizon National Corp. to Announce Financial Results and Host Conference Call on April 17 Mar 28 2014
First Horizon Reaches Settlement With Freddie Mac Feb 27 2014
First Horizon National Corp. to Participate in Credit Suisse Financial Services Forum on Feb. 11 Feb 05 2014
First Horizon Declares Quarterly Dividends and Adopts New Share Purchase Program to Expire in... Jan 22 2014
March Toward Long-Term Profitability Continues as First Horizon Enters 150th Year Jan 17 2014
First Horizon National Corp. to Announce Financial Results and Host Conference Call on Jan. 17 Jan 15 2014
Wall St flat on earnings caution; Merck climbs Jan 13 2014
First Tennessee Bank to Open Office in Charleston Dec 16 2013
First Horizon National Corp. to Participate in Goldman Sachs Conference on Dec. 11 Dec 04 2013

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