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 4Q Loss Narrows As Loan-Loss Provision Falls

DOW JONES NEWSWIRES First Horizon National Corp.'s (FHN) fourth-quarter loss narrowed as the regional lender set aside less money for troubled loans and other credit measures also improved. Loan-loss provisions declined to $45 million from $135 million a year earlier and $50 million in the prior quarter. The net charge-off rate fell to 2.38% from 4% and 2.63%, respectively. Nonperforming assets, or loans that may go bad, decreased to $836.5 million from $1.05 billion and $919.2 million. The parent of First Tennessee Bank has had improved results in recent quarters, thanks to seven straight quarters of reducing the amount it sets aside to cover risky loans. The lender also has shifted its focus to retail banking and capital markets while largely exiting the mortgage business. A number of lenders also have had improved lending in the latest quarter, in a sign of another possible positive trend for the sector. First Horizon reported a loss of $48.7 million, or 20 cents a share, compared with a prior-year loss of $70.6 million, or 30 cents a share. The latest period included $63 million in costs related to its TARP repayment. Revenue decreased 10% to $393.2 million, after falling 18% a year earlier. Analysts polled by Thomson Reuters most recently forecast a loss of 3 cents on revenue of $424 million. Total deposits grew 2% as total loans fell 7%. Shares closed Thursday at $11.99 and were inactive premarket. The stock is down 6.2% in the past year. -By Tess Stynes, Dow Jones Newswires; 212-416-2481;;

Stock News for First Horizon (FHN)
05/04/201515:11:31Form 13f Cover Page (13f-nt)
04/30/201516:15:18Statement of Changes in Beneficial Ownership (4)
04/29/201516:13:51Current Report Filing (8-k)
04/28/201516:12:09Statement of Changes in Beneficial Ownership (4)
04/28/201516:05:00First Horizon Declares Quarterly Dividends
04/24/201516:11:15Statement of Changes in Beneficial Ownership (4)
04/21/201506:42:48SunTrust Boosts First Horizon National Corp Price Target to $16.50...
04/21/201503:15:09First Horizon National Corp Upgraded to Market Perform by FBR...
04/20/201513:31:38RBC Capital Raises First Horizon National Corp Price Target to...
04/17/201507:26:46Current Report Filing (8-k)
04/17/201507:21:33Current Report Filing (8-k)
04/17/201507:20:00First Horizon Posts Adjusted Earnings of $42 Million and Adjusted...
04/10/201517:18:49Commerce Bancshares: Not Competitive In A Competitive Peer Group
04/10/201516:05:00First Horizon National Corp. to Announce Financial Results and...
04/09/201516:20:34Current Report Filing (8-k)
04/09/201516:05:00First Horizon to Settle Key Mortgage Matter
04/03/201514:29:31Statement of Changes in Beneficial Ownership (4)
04/03/201514:26:22Statement of Changes in Beneficial Ownership (4)
04/03/201514:24:11Statement of Changes in Beneficial Ownership (4)
04/03/201514:21:36Statement 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