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 Video: What is a Stock Split?
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| First Horizon is a bank holding company. Through its principal subsidiary, First Horizon Bank (the Bank), Co. provides regional banking, mortgage lending, title insurance, specialized commercial lending, commercial leasing and equipment financing, brokerage, wealth management, capital markets, and other financial services to commercial, consumer, and governmental clients throughout the U.S. Co.'s operating segments are: Regional Banking, which provides financial products and services, including conventional lending and deposit taking; and Specialty Banking, which consists of lines of business that deliver product offerings and services with specialized industry knowledge. According to our FHN split history records, First Horizon has had 2 splits. | |
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First Horizon (FHN) has 2 splits in our FHN split history database. The first split for FHN took place on September 10, 2008. This was a 10306 for 10000 split, meaning for each 10000 shares of FHN owned pre-split, the shareholder now owned 10306 shares. For example, a 1000 share position pre-split, became a 1030.6 share position following the split. FHN's second split took place on September 09, 2009. This was a 10159 for 10000 split, meaning for each 10000 shares of FHN owned pre-split, the shareholder now owned 10159 shares. For example, a 1030.6 share position pre-split, became a 1046.98654 share position following the split.
When a company such as First Horizon splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the FHN split history from start to finish, an original position size of 1000 shares would have turned into 1046.98654 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Horizon shares, starting with a $10,000 purchase of FHN, presented on a split-history-adjusted basis factoring in the complete FHN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
10/07/2024 |
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| Start price/share: |
$11.97 |
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| End price/share: |
$15.64 |
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| Starting shares: |
835.42 |
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| Ending shares: |
1,149.77 |
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| Dividends reinvested/share: |
$4.82 |
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| Total return: |
79.82% |
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| Average Annual Total Return: |
6.04% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,979.06 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
10/07/2024 |
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| Start price/share: |
$11.97 |
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| End price/share: |
$15.64 |
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| Dividends collected/share: |
$4.82 |
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| Total return: |
70.93% |
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| Average Annual Total Return: |
5.51% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,100.16 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/10/2008 | 10306 for 10000 | | 09/09/2009 | 10159 for 10000 |
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