FHN Q1 2023 Earnings — First Horizon Corporation Revenue & Financial Results | Market Cap Arena

FHNFirst Horizon Corporation

$11B

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$1.1B+48.7% YoY

Gross Profit

$787M73.6% margin

Operating Income

$331M31.0% margin

Net Income

$251M23.5% margin

EPS (Diluted)

$0.43

QoQ Revenue Growth

+6.2%

Cash Flow

Operating Cash Flow

-$69M

Free Cash Flow

-$74M

Stock-Based Comp.

$22M

Balance Sheet

Total Assets

$80.7B

Total Liabilities

$71.8B

Stockholders' Equity

$8.6B

Cash & Equivalents

$3.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$719M	+48.7%
Gross Profit	$787M	$728M	+8.1%
Operating Income	$331M	$255M	+29.8%
Net Income	$251M	$195M	+28.7%

Revenue Segments

Underwriting, Portfolio Advisory, and Other Noninterest Income

$10M100%