(FHN) First Horizon National - Ratings and Ratios

First Horizon National Corporation (NYSE:FHN) is a bank holding company that operates through three main segments: Regional Banking, Specialty Banking, and Corporate. The company provides a wide range of financial services, including commercial and consumer banking, wealth management, and investment products.

From a business perspective, First Horizons Specialty Banking segment is a key differentiator, offering specialized financing solutions such as fixed income/capital markets, commercial real estate, and industry-specific finance (e.g., energy, healthcare, transportation). This segment also provides treasury management solutions, loan syndications, and international banking services, which can contribute to fee income and diversification.

To evaluate the companys performance, key performance indicators (KPIs) such as net interest margin (NIM), return on assets (ROA), and efficiency ratio can be analyzed. For instance, a stable or increasing NIM indicates a companys ability to maintain its pricing power and manage its balance sheet effectively. Additionally, metrics like loan growth, deposit growth, and capital adequacy ratio can provide insights into the companys financial health and stability.

From a valuation perspective, First Horizons price-to-earnings (P/E) ratio of 15.42 and forward P/E of 12.87 suggest a relatively reasonable valuation compared to its earnings. The companys return on equity (RoE) of 9.47% is also a relevant metric, indicating its ability to generate returns for shareholders. To further assess the companys attractiveness, metrics like dividend yield, payout ratio, and book value per share can be examined.

Overall, a comprehensive analysis of First Horizon National Corporation would involve evaluating its business segments, financial performance, and valuation metrics to determine its investment potential. By examining KPIs and fundamental data, investors can gain a more nuanced understanding of the companys strengths, weaknesses, and growth prospects.