First Horizon Corporation (FHN) vs Zions Bancorporation, N.A. (ZION)

First Horizon Corporation and Zions Bancorporation, N.A. are both Banks Regional companies. First Horizon Corporation is the larger, with a market value of $10.8B against $9.2B — 1.2× the size. Zions Bancorporation, N.A. trades at the lower P/E: 8.1× against 15.9×. Zions Bancorporation, N.A. grew revenue faster over the last twelve months: 3.88% against −8.23%. Zions Bancorporation, N.A. has the higher net margin (22.6% vs 15.1%) and the higher return on invested capital (15.7% vs 12.3%). Both pay a dividend; Zions Bancorporation, N.A. yields more (2.89% vs 2.88%). Across the 19 metrics below, Zions Bancorporation, N.A. leads on 16 and First Horizon Corporation on 3.

Valuation

Metric FHN ZION Banks Regional median
P/E 15.85 8.08 11.98
P/S 2.42 1.79 2.34
P/B 1.28 1.22 1.19
Price to free cash flow 10.63 5.52 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 6.31% 12.38% 8.23%
Free cash flow yield 9.41% 18.13% 9.08%

Profitability

Metric FHN ZION Banks Regional median
Gross margin 67.95% 72.39% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 15.14% 22.60% 18.66%
Free cash flow margin 0.00% 32.53% 21.11%
Return on equity 7.83% 16.50% 10.65%
Return on assets 0.81% 1.31% 1.13%
Return on invested capital 12.27% 15.66% 8.35%

Growth

Metric FHN ZION Banks Regional median
Revenue growth (TTM) (8.23%) 3.88% 6.98%
EPS growth (last fiscal year) 37.50% 21.41% 18.88%
Revenue growth, 5-year CAGR 8.01% 10.93% 12.38%
Net income growth, 5-year CAGR 3.07% 12.13% 9.71%

Health

Metric FHN ZION Banks Regional median
Debt to equity 0.14 0.25 0.22
Current ratio 0.97 0.84 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FHN ZION Banks Regional median
Dividend yield 2.88% 2.89% 2.57%
Payout ratio 0.46 0.23 0.30

Size

Metric FHN ZION Banks Regional median
Market cap 10.83b 9.20b 913.33m

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