FHN Q3 2023 Earnings — First Horizon Corporation Revenue & Financial Results | Market Cap Arena

FHNFirst Horizon Corporation

$11B

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$1.2B+33.3% YoY

Gross Profit

$647M52.5% margin

Operating Income

$194M15.7% margin

Net Income

$137M11.1% margin

EPS (Diluted)

$0.23

QoQ Revenue Growth

+5.5%

Cash Flow

Operating Cash Flow

$698M

Free Cash Flow

$689M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$82.5B

Total Liabilities

$73.7B

Stockholders' Equity

$8.5B

Cash & Equivalents

$2.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$924M	+33.3%
Gross Profit	$647M	$793M	-18.4%
Operating Income	$194M	$346M	-43.9%
Net Income	$137M	$265M	-48.3%

Revenue Segments

Underwriting, Portfolio Advisory, and Other Noninterest Income

$13M100%