First Horizon Corporation (FHN) vs Pinnacle Financial Partners, Inc. (PNFP)

First Horizon Corporation and Pinnacle Financial Partners, Inc. are both Banks Regional companies. Pinnacle Financial Partners, Inc. is the larger, with a market value of $14.3B against $10.8B — 1.3× the size. Pinnacle Financial Partners, Inc. trades at the lower P/E: 12.9× against 15.9×. Pinnacle Financial Partners, Inc. grew revenue faster over the last twelve months: 67.0% against −8.23%. First Horizon Corporation has the higher net margin (15.1% vs 14.7%) and the higher return on invested capital (12.3% vs 4.85%). Both pay a dividend; First Horizon Corporation yields more (2.88% vs 1.84%). Across the 19 metrics below, Pinnacle Financial Partners, Inc. leads on 10 and First Horizon Corporation on 9.

Valuation

Metric FHN PNFP Banks Regional median
P/E 15.85 12.94 11.98
P/S 2.42 2.69 2.34
P/B 1.28 1.02 1.19
Price to free cash flow 10.63 9.82 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 6.31% 7.73% 8.23%
Free cash flow yield 9.41% 10.18% 9.08%

Profitability

Metric FHN PNFP Banks Regional median
Gross margin 67.95% 65.82% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 15.14% 14.70% 18.66%
Free cash flow margin 0.00% 27.35% 21.11%
Return on equity 7.83% 7.65% 10.65%
Return on assets 0.81% 0.85% 1.13%
Return on invested capital 12.27% 4.85% 8.35%

Growth

Metric FHN PNFP Banks Regional median
Revenue growth (TTM) (8.23%) 66.95% 6.98%
EPS growth (last fiscal year) 37.50% 35.40% 18.88%
Revenue growth, 5-year CAGR 8.01% 19.79% 12.38%
Net income growth, 5-year CAGR 3.07% 9.35% 9.71%

Health

Metric FHN PNFP Banks Regional median
Debt to equity 0.14 0.69 0.22
Current ratio 0.97 0.94 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FHN PNFP Banks Regional median
Dividend yield 2.88% 1.84% 2.57%
Payout ratio 0.46 0.24 0.30

Size

Metric FHN PNFP Banks Regional median
Market cap 10.83b 14.26b 913.33m

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