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First Horizon Goodwill-to-Asset

: 0.02 (As of Jun. 2021)
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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. First Horizon's Goodwill for the quarter that ended in Jun. 2021 was $1,511 Mil. First Horizon's Total Assets for the quarter that ended in Jun. 2021 was $87,908 Mil. Therefore, First Horizon's Goodwill to Asset Ratio for the quarter that ended in Jun. 2021 was 0.02.


First Horizon Goodwill-to-Asset Historical Data

The historical data trend for First Horizon's Goodwill-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Horizon Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Goodwill-to-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.03 0.04 0.03 0.02

First Horizon Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Goodwill-to-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.02 0.02 0.02 -

Competitive Comparison

For the Banks - Regional subindustry, First Horizon's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

First Horizon Goodwill-to-Asset Distribution

For the Banks industry and Financial Services sector, First Horizon's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where First Horizon's Goodwill-to-Asset falls into.



First Horizon Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

First Horizon's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Goodwill to Asset (A: Dec. 2020 )=Goodwill/Total Assets
=1511/84209
=0.02

First Horizon's Goodwill to Asset Ratio for the quarter that ended in Jun. 2021 is calculated as

Goodwill to Asset (Q: Jun. 2021 )=Goodwill/Total Assets
=1511/87908
=0.02

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Horizon  (NYSE:FHN) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


First Horizon Goodwill-to-Asset Related Terms

Thank you for viewing the detailed overview of First Horizon's Goodwill-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


First Horizon Business Description

First Horizon logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6021
Address
165 Madison Avenue, Memphis, TN, USA, 38103
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.
Executives
Casbon John N director 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Barton Harry V Jr director 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Maples Ricky E director 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Kemp Sr James Michael director 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Reed Colin V director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: REED COLIN V a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Subramaniam Rajesh director 165 MADISON AVE MEMPHIS TN 38103
Palmer Vicki R director PO BOX 723040 ATLANTA GA 30339
Stewart Cecelia D. director 8410 W. BRYN MAWR, SUITE 700 CHICAGO IL 60631
Compton John C director 700 ANDERSON HILL ROAD PURCHASE NY 10577
Fenstermaker William H director 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Davidson Wendy P director 2210 WEST OAKLAWN DRIVE SPRINGDALE AR 72762
Shea E Stewart Iii director 200 WEST CONGRESS STREET LAFAYETTE LA 70501
Sugranes Rosa director 2975 N.W. 77TH AVE DORAL FL 33132
Burdick Kenneth A director 6705 ROCKLEDGE DR SUITE 900 BETHESDA MD 20817
Taylor R Eugene director BANK OF AMERICA CORP 100 NORTH TRYON ST NC1-007-57-01 CHARLOTTE NC 28255

First Horizon Headlines

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