FHN Q2 2023 Earnings — First Horizon Corporation Revenue & Financial Results | Market Cap Arena

FHNFirst Horizon Corporation

$11B

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$1.2B+53.5% YoY

Gross Profit

$733M62.8% margin

Operating Income

$425M36.4% margin

Net Income

$325M27.8% margin

EPS (Diluted)

$0.56

QoQ Revenue Growth

+9.3%

Cash Flow

Operating Cash Flow

$305M

Free Cash Flow

$296M

Stock-Based Comp.

-$14M

Balance Sheet

Total Assets

$85.1B

Total Liabilities

$76.1B

Stockholders' Equity

$8.7B

Cash & Equivalents

$5.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$761M	+53.5%
Gross Profit	$733M	$690M	+6.2%
Operating Income	$425M	$225M	+88.9%
Net Income	$325M	$174M	+86.8%

Revenue Segments

Underwriting, Portfolio Advisory, and Other Noninterest Income

$9M100%