First Horizon Corporation (FHN) vs Wintrust Financial Corporation (WTFC)

First Horizon Corporation and Wintrust Financial Corporation are both Banks Regional companies. First Horizon Corporation is the larger, with a market value of $10.8B against $9.7B — 1.1× the size. Wintrust Financial Corporation trades at the lower P/E: 11.4× against 15.9×. Wintrust Financial Corporation grew revenue faster over the last twelve months: 6.06% against −8.23%. Wintrust Financial Corporation has the higher net margin (19.5% vs 15.1%) and the lower return on invested capital (9.84% vs 12.3%). Both pay a dividend; First Horizon Corporation yields more (2.88% vs 1.49%). Across the 19 metrics below, Wintrust Financial Corporation leads on 13 and First Horizon Corporation on 6.

Valuation

Metric FHN WTFC Banks Regional median
P/E 15.85 11.39 11.98
P/S 2.42 2.23 2.34
P/B 1.28 1.37 1.19
Price to free cash flow 10.63 6.17 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 6.31% 8.78% 8.23%
Free cash flow yield 9.41% 16.21% 9.08%

Profitability

Metric FHN WTFC Banks Regional median
Gross margin 67.95% 65.90% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 15.14% 19.51% 18.66%
Free cash flow margin 0.00% 36.20% 21.11%
Return on equity 7.83% 12.57% 10.65%
Return on assets 0.81% 1.18% 1.13%
Return on invested capital 12.27% 9.84% 8.35%

Growth

Metric FHN WTFC Banks Regional median
Revenue growth (TTM) (8.23%) 6.06% 6.98%
EPS growth (last fiscal year) 37.50% 10.57% 18.88%
Revenue growth, 5-year CAGR 8.01% 17.39% 12.38%
Net income growth, 5-year CAGR 3.07% 23.30% 9.71%

Health

Metric FHN WTFC Banks Regional median
Debt to equity 0.14 0.58 0.22
Current ratio 0.97 0.98 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FHN WTFC Banks Regional median
Dividend yield 2.88% 1.49% 2.57%
Payout ratio 0.46 0.17 0.30

Size

Metric FHN WTFC Banks Regional median
Market cap 10.83b 9.68b 913.33m

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