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

First Horizon Posts Surprise 3Q Profit On Lower Loss Reserve

DOW JONES NEWSWIRES First Horizon National Corp. (FHN) posted a surprise third-quarter profit as it cut the amount set aside to cover risky loans for the sixth-straight quarter and revenue fell less than analysts had feared it would. The parent of First Tenessee Bank has seen results improve in recent quarters, setting aside much less to cover loan losses as credit quality has improved. Fitch Ratings last week indicated a near-term downgrade of the company is no longer likely, citing its improved funding profile. In the latest quarter, loan-loss provisions were $50 million, down from $185 million a year earlier and $70 million in the prior quarter. First Horizon posted a profit of $30.8 million, or 7 cents a share, compared with a year-earlier loss of $38 million, or 23 cents a share. Revenue dropped 12% to $434.4 million amid a 17% drop in noninterest income. Analysts polled by Thomson Reuters most recently forecast a 2-cent loss on $406 million in revenue. Net charge-offs, or loans lenders don't think are collectible, fell to 2.63% of average loans from 3.1% the prior quarter and 4.24% a year earlier. Nonperforming assets, those near default, were 5% of assets, compared with 4.92% and 6.38%, respectively. Shares closed Thursday at $10.89 and were inactive in recent premarket trading. The stock is down 15% this year. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240; matthew.jarzemsky@dowjones.com

Stock News for First Horizon (FHN)
DateTimeHeadline
03/19/201506:31:49Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
03/19/201506:01:42Notice of Effectiveness (effect)
03/18/201505:11:15Stocks Going Ex-Dividend The 4th Week Of March
03/16/201517:32:21Registration Statement for Securities to Be Issued in Business...
03/16/201507:33:18Additional Proxy Soliciting Materials (definitive) (defa14a)
03/16/201507:32:47Proxy Statement (definitive) (def 14a)
03/10/201502:03:54Despite Recent Technical Outperformance, First Horizon National...
03/03/201516:16:45Statement of Changes in Beneficial Ownership (4)
03/03/201516:15:00Statement of Changes in Beneficial Ownership (4)
03/03/201516:11:54Statement of Changes in Beneficial Ownership (4)
03/03/201516:08:54Statement of Changes in Beneficial Ownership (4)
03/03/201516:06:40Statement of Changes in Beneficial Ownership (4)
02/27/201503:04:25The Top Mid-Cap Stocks To Buy This Week
02/18/201516:02:45Statement of Changes in Beneficial Ownership (4)
02/17/201516:18:18Statement of Changes in Beneficial Ownership (4)
02/17/201516:16:38Statement of Changes in Beneficial Ownership (4)
02/17/201516:11:22Statement of Changes in Beneficial Ownership (4)
02/17/201516:09:08Statement of Changes in Beneficial Ownership (4)
02/17/201516:07:00Statement of Changes in Beneficial Ownership (4)
02/17/201516:04:22Statement of Changes in Beneficial Ownership (4)

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

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad