First Horizon: Q2 Earnings Snapshot
MEMPHIS, Tenn. (AP) _ First Horizon National Corp. (FHN) on Tuesday reported second-quarter profit of $174 million.
The bank, based in Memphis, Tennessee, said it had earnings of 29 cents per share. Earnings, adjusted for non-recurring costs, came to 34 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The bank holding company posted revenue of $787 million in the period. Its revenue net of interest expense was $743 million, surpassing Street forecasts. Three analysts surveyed by Zacks expected $729.1 million.