vs
FIRST HORIZON CORP（FHN）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
美国合众银行的季度营收约是FIRST HORIZON CORP的8.3倍（$7.4B vs $888.0M）。FIRST HORIZON CORP净利率更高（29.4% vs 27.8%，领先1.6%）。FIRST HORIZON CORP同比增速更快（21.8% vs 5.1%）。过去两年美国合众银行的营收复合增速更高（4.7% vs 4.1%）
第一地平线公司（前身为第一田纳西银行）是一家成立于1864年的金融服务企业，总部位于美国田纳西州孟菲斯市。该公司通过旗下子公司第一地平线银行开展业务，网点覆盖美国东南部12个州，是该区域第四大区域性银行。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
FHN vs USB — 直观对比
营收规模更大
USB
是对方的8.3倍
$888.0M
营收增速更快
FHN
高出16.7%
5.1%
净利率更高
FHN
高出1.6%
27.8%
两年增速更快
USB
近两年复合增速
4.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $888.0M | $7.4B |
| 净利润 | $261.0M | $2.0B |
| 毛利率 | — | — |
| 营业利润率 | 38.5% | 34.4% |
| 净利率 | 29.4% | 27.8% |
| 营收同比 | 21.8% | 5.1% |
| 净利润同比 | 57.2% | 23.0% |
| 每股收益（稀释后） | $0.51 | $1.26 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FHNUSB
| Q4 25 | $888.0M | $7.4B | ||
| Q3 25 | $889.0M | $7.3B | ||
| Q2 25 | $830.0M | $7.0B | ||
| Q1 25 | $812.0M | $7.0B | ||
| Q4 24 | $729.0M | $7.0B | ||
| Q3 24 | $827.0M | $6.9B | ||
| Q2 24 | $9.0M | $6.9B | ||
| Q1 24 | $819.0M | $6.7B |
净利润FHNUSB
| Q4 25 | $261.0M | $2.0B | ||
| Q3 25 | $262.0M | $2.0B | ||
| Q2 25 | $241.0M | $1.8B | ||
| Q1 25 | $218.0M | $1.7B | ||
| Q4 24 | $166.0M | $1.7B | ||
| Q3 24 | $218.0M | $1.7B | ||
| Q2 24 | $199.0M | $1.6B | ||
| Q1 24 | $192.0M | $1.3B |
营业利润率FHNUSB
| Q4 25 | 38.5% | 34.4% | ||
| Q3 25 | 38.7% | 34.5% | ||
| Q2 25 | 37.2% | 32.7% | ||
| Q1 25 | 35.1% | 31.0% | ||
| Q4 24 | 28.8% | 30.1% | ||
| Q3 24 | 34.0% | 30.2% | ||
| Q2 24 | — | 29.9% | ||
| Q1 24 | 31.0% | 24.9% |
净利率FHNUSB
| Q4 25 | 29.4% | 27.8% | ||
| Q3 25 | 29.5% | 27.3% | ||
| Q2 25 | 29.0% | 25.9% | ||
| Q1 25 | 26.8% | 24.6% | ||
| Q4 24 | 22.8% | 23.7% | ||
| Q3 24 | 26.4% | 25.0% | ||
| Q2 24 | 2211.1% | 23.3% | ||
| Q1 24 | 23.4% | 19.6% |
每股收益（稀释后）FHNUSB
| Q4 25 | $0.51 | $1.26 | ||
| Q3 25 | $0.50 | $1.22 | ||
| Q2 25 | $0.45 | $1.11 | ||
| Q1 25 | $0.41 | $1.03 | ||
| Q4 24 | $0.29 | $1.01 | ||
| Q3 24 | $0.40 | $1.03 | ||
| Q2 24 | $0.34 | $0.97 | ||
| Q1 24 | $0.33 | $0.78 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.8B | $65.2B |
| 总资产 | $83.9B | $692.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
股东权益FHNUSB
| Q4 25 | $8.8B | $65.2B | ||
| Q3 25 | $8.9B | $63.3B | ||
| Q2 25 | $9.0B | $61.4B | ||
| Q1 25 | $8.7B | $60.1B | ||
| Q4 24 | $8.8B | $58.6B | ||
| Q3 24 | $9.0B | $58.9B | ||
| Q2 24 | $8.7B | $56.4B | ||
| Q1 24 | $8.9B | $55.6B |
总资产FHNUSB
| Q4 25 | $83.9B | $692.3B | ||
| Q3 25 | $83.2B | $695.4B | ||
| Q2 25 | $82.1B | $686.4B | ||
| Q1 25 | $81.5B | $676.5B | ||
| Q4 24 | $82.2B | $678.3B | ||
| Q3 24 | $82.6B | $686.5B | ||
| Q2 24 | $82.2B | $680.1B | ||
| Q1 24 | $81.8B | $683.6B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $396.0M | $2.8B |
| 自由现金流经营现金流 - 资本支出 | $389.0M | — |
| 自由现金流率自由现金流/营收 | 43.8% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 1.52× | 1.39× |
| 过去12个月自由现金流最近4个季度 | $595.0M | — |
8季度趋势，按日历期对齐
经营现金流FHNUSB
| Q4 25 | $396.0M | $2.8B | ||
| Q3 25 | $-200.0M | $3.4B | ||
| Q2 25 | $83.0M | $2.0B | ||
| Q1 25 | $349.0M | $-285.0M | ||
| Q4 24 | $191.0M | $4.8B | ||
| Q3 24 | $389.0M | $972.0M | ||
| Q2 24 | $-150.0M | $2.9B | ||
| Q1 24 | $838.0M | $2.7B |
自由现金流FHNUSB
| Q4 25 | $389.0M | — | ||
| Q3 25 | $-208.0M | — | ||
| Q2 25 | $74.0M | — | ||
| Q1 25 | $340.0M | — | ||
| Q4 24 | $174.0M | — | ||
| Q3 24 | $383.0M | — | ||
| Q2 24 | $-161.0M | — | ||
| Q1 24 | $828.0M | — |
自由现金流率FHNUSB
| Q4 25 | 43.8% | — | ||
| Q3 25 | -23.4% | — | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | 41.9% | — | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 46.3% | — | ||
| Q2 24 | -1788.9% | — | ||
| Q1 24 | 101.1% | — |
资本支出强度FHNUSB
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 122.2% | — | ||
| Q1 24 | 1.2% | — |
现金转化率FHNUSB
| Q4 25 | 1.52× | 1.39× | ||
| Q3 25 | -0.76× | 1.69× | ||
| Q2 25 | 0.34× | 1.12× | ||
| Q1 25 | 1.60× | -0.17× | ||
| Q4 24 | 1.15× | 2.87× | ||
| Q3 24 | 1.78× | 0.57× | ||
| Q2 24 | -0.75× | 1.79× | ||
| Q1 24 | 4.36× | 2.02× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
USB
暂无分部数据
