First Horizon National (NYSE:FHN) Issues Quarterly Earnings Results; Tops Estimate

First Horizon National (NYSE:FHN) announced net income for the first quarter of $ 90.62 million or $ 0.27 per share. The company generated total revenue of $ 437.19 million for the same period. While earnings per share grew 48 percent from the year-ago quarter, revenue advanced 43 percent.

On an adjusted basis, First Horizon National revealed net income of 34 cents a share for the first quarter. This topped analysts estimate by $ 0.03 a share while total revenue fell shy of street analysts expectation by $ 5 million.

Street analysts are looking for income of $ 0.31 per share on total revenue of $ 441.74 million for the first quarter. Analysts estimates are from Thomson Reuters, excludes one time gain or loss.

Bryan Jordan, Chairman and CEO, said, First Tennessee and Capital Bank employees continue to deliver exceptional differentiated services and solutions to our customers and our preparations remain on track for the integration of Capital Bank in the second quarter.

First Horizon expects to post additional materials for debt investors on April 30 in the investor relations section of www.FirstHorizon.com First Horizon will also provide these materials to analysts at upcoming meetings.

Be the first to comment

Leave a Reply