ADVFN - Advanced Financial Network.
HOME» NYSE » F » FHN Stock Price » FHN Stock News

First Horizon Share News

 First Horizon National Corp Stock Price
FHN Stock Price
 First Horizon National Corp Stock Chart
FHN Stock Chart
 First Horizon National Corp Stock News
FHN Stock News
 First Horizon National Corp Company Information
FHN Company Information
 First Horizon National Corp Stock Trades
FHN Stock Trades

CORRECT:First Horizon Posts Surprise 2Q Profit; Revenue Beats Views

("CORRECT: First Horizon Posts Surprise 2Q Profit; Rev Beats Views," published at 7:29 a.m. EDT, incorrectly said second-quarter results were boosted by a one-time gain. It was the first quarter. A corrected story follows:) DOW JONES NEWSWIRES First Horizon National Corp. (FHN) posted Friday a surprise second-quarter profit on sharply lower loan-loss provisions, while revenue fell less than expected. The Tennessee-based regional bank company has shifted focus to retail banking and capital markets while largely exiting the mortgage business. Main Street banking conditions appear to be improving, as J.P. Morgan Chase & Co. (JPM) reported Thursday such operations swung to the black in its latest quarter. The parent of First Tennessee Bank reported a profit of $17.6 million, or a penny a share, compared with a year-earlier loss of $108.3 million, or 54 cents a share. Revenue dropped 11% to $430.1 million as net-interest income fell 9%. Analysts polled by Thomson Reuters had most recently forecast a loss of 9 cents on $413 million in revenue. Loan-loss provisions were $70 million, down from $260 million a year earlier and $105 million in the prior quarter. Net charge-offs, or loans lenders don't think are collectible, fell to 3.1% of average loans from 4.77% and 4.13%, respectively. Nonperforming assets, those near default, dropped to 4.92% from 6.15% and 5.63%, respectively. Meanwhile, total deposits rose 1% as total loans fell 12%. First Horizon's shares were recently trading at $11.79, down 32 cents. The stock is up just 1.2% over the past year. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240,

Stock News for First Horizon (FHN)
11/25/201516:21:59Current Report Filing (8-k)
11/10/201516:15:17Statement of Changes in Beneficial Ownership (4)
11/09/201518:16:59Keith Turbett Joins First Horizon to Enhance CRA Program
11/03/201517:00:00First Horizon National Corp. to Participate in 2015 BancAnalysts...
11/02/201517:02:26Current Report Filing (8-k)
10/30/201516:46:13Current Report Filing (8-k)
10/30/201516:17:16Statement of Changes in Beneficial Ownership (4)
10/30/201516:16:00First Horizon Announces Completion of $500 Million Senior Notes...
10/28/201517:18:42Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
10/26/201516:54:57Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
10/26/201509:20:00First Horizon National Prepares for Finra Arbitration Loss
10/20/201516:28:03First Horizon National declares $0.06 dividend
10/20/201516:15:00First Horizon Declares Quarterly Dividends
10/16/201506:32:08Current Report Filing (8-k)
10/16/201506:31:45First Horizon National beats by $0.07, misses on revenue
10/16/201506:30:00First Horizon Earns $0.29 Per Share in Third Quarter
10/15/201511:07:09FTB Advisors Certified for Fiduciary Excellence
10/05/201518:30:00Girls Inc. at the YWCA to Partner With Reese Witherspoon and...
10/05/201506:55:17Current Report Filing (8-k)
10/05/201506:00:00First Horizon Completes TrustAtlantic Acquisition

First Horizon and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations