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FHN First Horizon

First Horizon National Corporation is a bank holding company based in Memphis, Tennessee. Its banking subsidiary, First Horizon , is the largest bank in Tennessee and the fourth largest regional banking company in the Southeast. Founded in 1864, it is the fourteenth oldest United States bank on the list of oldest banks in continuous operation. The company provides financial services including banking, wealth management, insurance, and trading services. Frank S. Davis founded First National Bank, the first nationally chartered bank in Memphis after passage of the National Banking Act of 1863. The charter was received on March 25, 1864, during the American Civil War.

Company profile

Ticker
FHN, FHN-PA, FHN-PB, FHN-PC, FHN-PD, FHN-PE, FHN-PF, FHNNP, FHN+F
Exchange
CEO
David Jordan
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FIRST HORIZON NATIONAL CORP, FIRST TENNESSEE NATIONAL CORP
SEC CIK
IRS number
620803242

FHN stock data

(
)

Investment data

Data from SEC filings
Top 50 of 1158 long holdings
End of quarter 31 Mar 21
Value
 
#Shares
 
$151.11M 856.24K
$40.29M 487.14K
$39.06M 306.55K
$31.79M 260.25K
$28.95M 282.98K
$25.64M 108.76K
$25.11M 12.15K
$22.39M 134.36K
$16.8M 5.43K
$16.28M 101.76K
$15.68M 51.36K
$14.82M 90.2K
$13.55M 28.5K
$13.34M 29.24K
$13.07M 96.49K
$12.07M 207.6K
$12.02M 232.39K
$11.99M 101.35K
$11.76M 29.67K
$11.72M 97.83K
$11.37M 74.7K
$11.02M 52.03K
$10.12M 50.7K
$9.95M 129.06K
$9.78M 131.88K
$9.76M 177.85K
$9.33M 111.6K
$9.28M 12.3K
$9.23M 126.92K
$9.11M 86.91K
$9.1M 25.79K
$8.96M 24.24K
$8.93M 46.35K
$8.87M 60.14K
$8.83M 51.94K
$8.63M 114.16K
$8.45M 36.46K
$8.26M 52.46K
$8.25M 156.58K
$8.22M 505.59K
$8.18M 23.2K
$7.63M 167.16K
$7.61M 97.52K
$7.54M 37.42K
$7.54M 113.95K
$7.22M 112.88K
$7.21M 12.11K
$6.93M 30.9K
$6.89M 28.83K
$6.81M 30.25K
Holdings list only includes long positions. Only includes long positions.

Calendar

6 May 21
14 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 May 21 Susan L Springfield Common Stock Sell Dispose S No No 18.48 7,033 129.97K 244,316
13 May 21 Susan L Springfield Common Stock Sell Dispose S No No 18.47 30,402 561.52K 251,349
13 May 21 Susan L Springfield Common Stock Option exercise Aquire M No No 11.62 37,435 434.99K 281,751
13 May 21 Susan L Springfield Common Stock Sell Dispose S No No 18.492 100 1.85K 244,316
13 May 21 Susan L Springfield Common Stock Sell Dispose S No No 18.49 100 1.85K 244,416
13 May 21 Susan L Springfield Common Stock Sell Dispose S No No 18.48 20,860 385.49K 244,516
13 May 21 Susan L Springfield Common Stock Option exercise Aquire M No No 14.28 25,420 363K 265,376
13 May 21 Susan L Springfield Stock Options Common Stock Option exercise Dispose M No No 11.62 37,435 434.99K 0
13 May 21 Susan L Springfield Stock Options Common Stock Option exercise Dispose M No No 14.28 25,420 363K 0
12 May 21 William C Losch III Common Stock Payment of exercise Dispose F No No 18.2 6,685 121.67K 412,351

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

83.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 472 462 +2.2%
Opened positions 72 80 -10.0%
Closed positions 62 42 +47.6%
Increased positions 144 128 +12.5%
Reduced positions 158 163 -3.1%
13F shares
Current Prev Q Change
Total value 11.11B 5.97B +86.0%
Total shares 459.92M 467.73M -1.7%
Total puts 772.4K 758.9K +1.8%
Total calls 1.36M 703.6K +93.7%
Total put/call ratio 0.6 1.1 -47.5%
Largest owners
Shares Value Change
BLK Blackrock 62.94M $1.06B +24.2%
Vanguard 59.05M $998.6M +3.9%
FMR 30.92M $522.85M +0.9%
STT State Street 22.49M $384.12M +6.8%
Fuller & Thaler Asset Management 19.1M $322.95M +9.9%
Dimensional Fund Advisors 18.57M $314.06M -11.4%
JPM JPMorgan Chase & Co. 14.48M $244.79M +0.7%
Franklin Mutual Advisers 12.08M $154.14M 0.0%
BEN Franklin Resources 10.34M $174.85M -14.6%
JHG Janus Henderson 9.31M $157.4M +0.2%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 62.94M +12.25M +24.2%
Citadel Advisors 7.23M -9.38M -56.5%
Norges Bank 0 -6.4M EXIT
Charles Schwab Investment Management 9.17M +4.12M +81.4%
Arrowstreet Capital, Limited Partnership 152K -3.94M -96.3%
RY Royal Bank Of Canada 209.73K -3.04M -93.6%
SAMG Silvercrest Asset Management 5.36M -2.96M -35.6%
Hotchkis & Wiley Capital Management 675.5K -2.48M -78.6%
Dimensional Fund Advisors 18.57M -2.39M -11.4%
Vanguard 59.05M +2.21M +3.9%

Financial report summary

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Management Discussion
  • First quarter 2021 net income available to common shareholders was $225 million, or $0.40 per diluted share, compared to $234 million, or $0.42 per diluted share, in fourth quarter 2020. First quarter 2021 results produced a return on average assets of 1.12% and a return on average common equity of 12.01% compared to 1.16% and 12.53% for fourth quarter 2020.
  • Net interest income of $508 million declined $14 million from fourth quarter 2020, driven by the impact of a decrease in average loans, day count and lower short-term rates partially offset by improved funding costs.
  • The provision for credit losses was a benefit of $45 million for the first quarter of 2021, compared to expense of $1 million for fourth quarter 2020, largely reflecting continued improvement in the overall macroeconomic outlook and a reduction in consumer loans.
Content analysis
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