First Horizon National Corporation (NYSE:FHN) 2Q18 Profit Down; Yet Beats Street View

First Horizon National Corporation (NYSE:FHN) revealed net income for the second quarter of $ 85.99 million or 25 cents per share, compared to income of $ 95.20 million or 38 cents per share, in the year-ago period.

On adjusted basis, FHN reported Non-GAAP adjusted income $ 81.59 million or 36 cents per share.

Headquartered in Memphis, Tennessee, the company disclosed, total revenue that reached $ 438.46 million, rose 34% from $ 328.37 million a year ago.

The consensus estimates from Thomson Reuters are income of $ 0.35 per share from $ 447.63 million in revenue.

Bryan Jordan, CEO, said, The current operating environment remains favorable, and we’re pleased with the strong momentum and customer activity we have seen across our portfolio, especially in our attractive high return specialty businesses. We believe First Horizon is well-positioned to deliver sustainable top-quartile returns and capitalize on our compelling growth and savings opportunities.

Be the first to comment

Leave a Reply