First Horizon Corporation (FHN) - Net Assets
Based on the latest financial reports, First Horizon Corporation (FHN) has net assets worth $9.14 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($83.88 Billion) and total liabilities ($74.73 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are First Horizon Corporation's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.14 Billion |
| % of Total Assets | 10.9% |
| Annual Growth Rate | 9.23% |
| 5-Year Change | 7.63% |
| 10-Year Change | 237.96% |
| Growth Volatility | 19.34 |
First Horizon Corporation - Net Assets Trend (1989–2025)
This chart illustrates how First Horizon Corporation's net assets have evolved over time, based on quarterly financial data. Also explore First Horizon Corporation total assets for the complete picture of this company's asset base.
Annual Net Assets for First Horizon Corporation (1989–2025)
The table below shows the annual net assets of First Horizon Corporation from 1989 to 2025. For live valuation and market cap data, see market value of First Horizon Corporation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $9.14 Billion | +0.34% |
| 2024-12-31 | $9.11 Billion | -1.94% |
| 2023-12-31 | $9.29 Billion | +8.69% |
| 2022-12-31 | $8.55 Billion | +0.64% |
| 2021-12-31 | $8.49 Billion | +2.26% |
| 2020-12-31 | $8.31 Billion | +63.63% |
| 2019-12-31 | $5.08 Billion | +6.26% |
| 2018-12-31 | $4.78 Billion | +4.29% |
| 2017-12-31 | $4.58 Billion | +69.33% |
| 2016-12-31 | $2.71 Billion | +2.48% |
| 2015-12-31 | $2.64 Billion | +1.88% |
| 2014-12-31 | $2.59 Billion | +3.62% |
| 2013-12-31 | $2.50 Billion | -0.35% |
| 2012-12-31 | $2.51 Billion | -6.53% |
| 2011-12-31 | $2.68 Billion | +0.25% |
| 2010-12-31 | $2.68 Billion | -18.91% |
| 2009-12-31 | $3.30 Billion | -7.61% |
| 2008-12-31 | $3.57 Billion | +67.38% |
| 2007-12-31 | $2.14 Billion | -13.27% |
| 2006-12-31 | $2.46 Billion | +4.89% |
| 2005-12-31 | $2.35 Billion | +14.99% |
| 2004-12-31 | $2.04 Billion | +7.97% |
| 2003-12-31 | $1.89 Billion | +8.94% |
| 2002-12-31 | $1.74 Billion | +14.04% |
| 2001-12-31 | $1.52 Billion | +6.98% |
| 2000-12-31 | $1.42 Billion | +14.59% |
| 1999-12-31 | $1.24 Billion | +12.91% |
| 1998-12-31 | $1.10 Billion | +15.24% |
| 1997-12-31 | $954.10 Million | -0.04% |
| 1996-12-31 | $954.50 Million | +9.31% |
| 1995-12-31 | $873.20 Million | +16.61% |
| 1994-12-31 | $748.80 Million | +10.28% |
| 1993-12-31 | $679.00 Million | +13.64% |
| 1992-12-31 | $597.50 Million | +36.54% |
| 1991-12-31 | $437.60 Million | +10.01% |
| 1990-12-31 | $397.80 Million | +4.49% |
| 1989-12-31 | $380.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Horizon Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1731.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.03 Billion | 56.86% |
| Common Stock | $303.00 Million | 3.42% |
| Other Comprehensive Income | $-809.00 Million | -9.14% |
| Other Components | $4.32 Billion | 48.86% |
| Total Equity | $8.85 Billion | 100.00% |
First Horizon Corporation Competitors by Market Cap
The table below lists competitors of First Horizon Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Krung Thai Bank Public Company Limited
F:NVPB
|
$11.81 Billion |
|
Henkel AG & Co. KGaA vz. (Pref Shares)
XETRA:HEN3
|
$11.82 Billion |
|
RoboTechnik Intelligent Technology Co Ltd
SHE:300757
|
$11.82 Billion |
|
American Homes 4 Rent
NYSE:AMH
|
$11.84 Billion |
|
Orkla ASA
OL:ORK
|
$11.80 Billion |
|
Acciona
MC:ANA
|
$11.79 Billion |
|
WinWay Technology Co. Ltd
TW:6515
|
$11.79 Billion |
|
GJENSIDIGE FORSI.UNSP.ADR
F:XGJ0
|
$11.78 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Horizon Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,816,000,000 to 8,847,000,000, a change of 31,000,000 (0.4%).
- Net income of 983,000,000 contributed positively to equity growth.
- Dividend payments of 340,000,000 reduced retained earnings.
- Share repurchases of 998,000,000 reduced equity.
- Other comprehensive income increased equity by 319,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $983.00 Million | +11.11% |
| Dividends Paid | $340.00 Million | -3.84% |
| Share Repurchases | $998.00 Million | -11.28% |
| Other Comprehensive Income | $319.00 Million | +3.61% |
| Other Changes | $67.00 Million | +0.76% |
| Total Change | $- | 0.35% |
Book Value vs Market Value Analysis
This analysis compares First Horizon Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.40x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.29x to 1.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $3.41 | $24.89 | x |
| 1990-12-31 | $3.53 | $24.89 | x |
| 1991-12-31 | $3.89 | $24.89 | x |
| 1992-12-31 | $4.46 | $24.89 | x |
| 1993-12-31 | $3.75 | $24.89 | x |
| 1994-12-31 | $4.86 | $24.89 | x |
| 1995-12-31 | $5.35 | $24.89 | x |
| 1996-12-31 | $5.90 | $24.89 | x |
| 1997-12-31 | $6.04 | $24.89 | x |
| 1998-12-31 | $6.96 | $24.89 | x |
| 1999-12-31 | $7.73 | $24.89 | x |
| 2000-12-31 | $9.02 | $24.89 | x |
| 2001-12-31 | $9.64 | $24.89 | x |
| 2002-12-31 | $11.10 | $24.89 | x |
| 2003-12-31 | $12.05 | $24.89 | x |
| 2004-12-31 | $13.24 | $24.89 | x |
| 2005-12-31 | $15.12 | $24.89 | x |
| 2006-12-31 | $16.04 | $24.89 | x |
| 2007-12-31 | $14.14 | $24.89 | x |
| 2008-12-31 | $17.30 | $24.89 | x |
| 2009-12-31 | $14.09 | $24.89 | x |
| 2010-12-31 | $10.17 | $24.89 | x |
| 2011-12-31 | $10.21 | $24.89 | x |
| 2012-12-31 | $10.10 | $24.89 | x |
| 2013-12-31 | $10.43 | $24.89 | x |
| 2014-12-31 | $10.94 | $24.89 | x |
| 2015-12-31 | $11.17 | $24.89 | x |
| 2016-12-31 | $11.50 | $24.89 | x |
| 2017-12-31 | $18.74 | $24.89 | x |
| 2018-12-31 | $14.59 | $24.89 | x |
| 2019-12-31 | $16.08 | $24.89 | x |
| 2020-12-31 | $19.14 | $24.89 | x |
| 2021-12-31 | $15.41 | $24.89 | x |
| 2022-12-31 | $15.10 | $24.89 | x |
| 2023-12-31 | $16.01 | $24.89 | x |
| 2024-12-31 | $16.20 | $24.89 | x |
| 2025-12-31 | $17.84 | $24.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Horizon Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.11%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.72%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 9.48x
- Recent ROE (11.11%) is below the historical average (11.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 7.57% | 4.06% | 0.11x | 16.80x | $-9.27 Million |
| 1990 | 12.04% | 6.47% | 0.11x | 16.86x | $8.12 Million |
| 1991 | 14.58% | 8.44% | 0.10x | 18.06x | $20.04 Million |
| 1992 | 14.93% | 10.82% | 0.09x | 14.94x | $29.45 Million |
| 1993 | 17.78% | 14.08% | 0.09x | 14.15x | $52.80 Million |
| 1994 | 19.54% | 13.83% | 0.10x | 14.05x | $71.42 Million |
| 1995 | 18.88% | 12.50% | 0.11x | 13.83x | $77.58 Million |
| 1996 | 18.85% | 12.26% | 0.11x | 13.68x | $84.45 Million |
| 1997 | 20.70% | 12.27% | 0.11x | 15.08x | $102.09 Million |
| 1998 | 20.59% | 10.68% | 0.11x | 17.04x | $116.45 Million |
| 1999 | 19.94% | 10.62% | 0.13x | 14.80x | $123.35 Million |
| 2000 | 16.35% | 10.22% | 0.12x | 13.04x | $90.32 Million |
| 2001 | 20.91% | 13.86% | 0.11x | 13.55x | $166.01 Million |
| 2002 | 21.69% | 15.99% | 0.10x | 13.73x | $202.89 Million |
| 2003 | 25.03% | 17.57% | 0.11x | 12.96x | $284.23 Million |
| 2004 | 22.26% | 17.96% | 0.08x | 14.58x | $250.26 Million |
| 2005 | 18.66% | 13.52% | 0.09x | 15.58x | $203.25 Million |
| 2006 | 18.80% | 13.24% | 0.09x | 15.40x | $216.68 Million |
| 2007 | -7.97% | -5.37% | 0.09x | 17.33x | $-383.67 Million |
| 2008 | -5.37% | -6.28% | 0.10x | 8.68x | $-549.45 Million |
| 2009 | -8.17% | -11.96% | 0.09x | 7.89x | $-600.08 Million |
| 2010 | 1.87% | 2.89% | 0.07x | 9.22x | $-217.60 Million |
| 2011 | 4.89% | 8.40% | 0.06x | 9.23x | $-137.27 Million |
| 2012 | -1.11% | -1.93% | 0.06x | 10.17x | $-278.68 Million |
| 2013 | 1.08% | 2.10% | 0.05x | 9.52x | $-223.15 Million |
| 2014 | 8.59% | 18.12% | 0.05x | 9.91x | $-36.58 Million |
| 2015 | 3.25% | 7.11% | 0.05x | 9.92x | $-178.08 Million |
| 2016 | 8.39% | 17.09% | 0.05x | 10.56x | $-43.46 Million |
| 2017 | 3.61% | 11.41% | 0.04x | 9.04x | $-292.53 Million |
| 2018 | 11.41% | 24.63% | 0.05x | 8.55x | $67.31 Million |
| 2019 | 8.69% | 19.76% | 0.05x | 8.53x | $-66.60 Million |
| 2020 | 10.17% | 30.17% | 0.03x | 10.14x | $14.40 Million |
| 2021 | 11.76% | 31.67% | 0.04x | 10.49x | $149.60 Million |
| 2022 | 10.53% | 26.39% | 0.04x | 9.24x | $45.20 Million |
| 2023 | 9.97% | 19.02% | 0.06x | 9.08x | $-2.60 Million |
| 2024 | 8.79% | 15.70% | 0.06x | 9.32x | $-106.60 Million |
| 2025 | 11.11% | 19.72% | 0.06x | 9.48x | $98.30 Million |
Industry Comparison
This section compares First Horizon Corporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Horizon Corporation (FHN) | $9.14 Billion | 7.57% | 8.17x | $11.80 Billion |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About First Horizon Corporation
First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. It operates through Regional Banking, Specialty Banking, and Corporate segments. The company offers commercial banking, business banking, consumer banking, private client investment, wealth management, financial planning, trust and asset management services, asset-based … Read more