First Horizon National Corp (FHN)
First Horizon National Corp. operates as a financial holding company, which offers checking accounts, savings products, mortgage banking, lending, and financing to individuals and businesses. It operates its business through four segments: Regional Banking, Fixed Income, 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 and provides investments, financial planning, trust services and asset management, credit card, and cash management. It includes correspondent banking which provides credit, depository, and other banking related services to other financial institutions. The Fixed Income segment provides financial services for depository and non depository institutions through the sale and distribution of fixed income securities, loan sales, portfolio advisory services, and derivative sales. The Corporate segment consists of unallocated corporate expenses, expense on subordinated debt issuances, 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, tax credit investment activities, gains on the extinguishment of debt, acquisition-related costs, and various charges related to restructuring and repositioning. The Non-strategic segment includes exited businesses and wind down national consumer lending activities, other discontinued products, loan portfolios and service lines. The company was founded by Frank S. Davis in 1864 and is headquartered in Memphis, TN.
|Market Price at 20-11-2017||$18.61|
|Price to Earnings Ratio||21.29|
|Market Capitalisation||$4,308.28 (million)|
|Return on Equity (ROE)||9.56%|