• First Horizon average net profit margin for 2023 was 21.25%, a 19.6% decline from 2022.
• First Horizon average net profit margin for 2022 was 26.43%, a 11.55% decline from 2021.
• First Horizon average net profit margin for 2021 was 29.88%, a 59.53% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.