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 2Q Profit Soars But Revenue Slumps On Loan Decline

DOW JONES NEWSWIRES First Horizon National Corp. (FHN) reported its second-quarter profit more than doubled as loan-loss provisions declined sharply from a year ago, but revenue slumped on a drop in total loans. The parent of First Tennessee Bank has seen improving results recently as credit measures strengthen and lower reserves are needed for troubled loans. First Horizon has in recent years sharpened its focus on retail banking and capital markets, while largely exiting the mortgage business. Loan-loss provisions were unchanged from the prior quarter at $1 million, though down sharply from $70 million a year earlier. Net charge-offs, or loans lenders don't think are collectible, were 1.67% of average loans, down from 3.11% a year earlier and 1.93% last quarter. Nonperforming assets, those near default, dropped to 4.09%, from 4.92% and 4.55%, respectively. First Horizon reported a profit of $42.6 million, or 16 cents a share, up from a prior-year profit of $17.6 million. Earnings of a penny a share in the year-earlier period reflected payment of preferred dividends. Revenue, as a combination of net interest income and non-interest income, declined 15% to $361.6 million. Analysts polled by Thomson Reuters recently estimated a per-share profit of 11 cents on $364 million in revenue. Total deposits rose 5%, while total loans fell 6%. First Horizon shares closed Thursday at $9.48 and were inactive in premarket trade. The stock is down 20% since the start of the year. -By Mia Lamar, Dow Jones Newswires; 212-416-3207;

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