First Horizon Corporation (FHN) vs Old National Bancorp (ONB)

First Horizon Corporation and Old National Bancorp are both Banks Regional companies. First Horizon Corporation is the larger, with a market value of $10.8B against $9.6B — 1.1× the size. Old National Bancorp trades at the lower P/E: 11.1× against 15.9×. Old National Bancorp grew revenue faster over the last twelve months: 27.7% against −8.23%. Old National Bancorp has the higher net margin (21.2% vs 15.1%) and the lower return on invested capital (4.77% vs 12.3%). Both pay a dividend; First Horizon Corporation yields more (2.88% vs 2.88%). Across the 18 metrics below, Old National Bancorp leads on 14 and First Horizon Corporation on 4.

Valuation

Metric FHN ONB Banks Regional median
P/E 15.85 11.07 11.98
P/S 2.42 2.33 2.34
P/B 1.28 1.14 1.19
Price to free cash flow 10.63 10.14 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 6.31% 9.04% 8.23%
Free cash flow yield 9.41% 9.86% 9.08%

Profitability

Metric FHN ONB Banks Regional median
Gross margin 67.95% 68.82% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 15.14% 21.21% 18.66%
Free cash flow margin 0.00% 22.95% 21.11%
Return on equity 7.83% 10.71% 10.65%
Return on assets 0.81% 1.20% 1.13%
Return on invested capital 12.27% 4.77% 8.35%

Growth

Metric FHN ONB Banks Regional median
Revenue growth (TTM) (8.23%) 27.66% 6.98%
EPS growth (last fiscal year) 37.50% 6.55% 18.88%
Revenue growth, 5-year CAGR 8.01% 32.86% 12.38%
Net income growth, 5-year CAGR 3.07% 23.60% 9.71%

Health

Metric FHN ONB Banks Regional median
Debt to equity 0.14 0.92 0.22
Current ratio 0.97 0.94 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FHN ONB Banks Regional median
Dividend yield 2.88% 2.88% 2.57%
Payout ratio 0.46 0.32 0.30

Size

Metric FHN ONB Banks Regional median
Market cap 10.83b 9.56b 913.33m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack