Earnings Results under Review: First Horizon National Corporation (NYSE: FHN)

On Tuesday, Shares of First Horizon National Corporation (NYSE: FHN) inclined 1.40% to $14.46. The stock traded total volume of 4.967M shares higher than the average volume of 2.89M shares.

First Horizon National Corp. (FHN) recently stated first-quarter earnings of $100.60M. The bank, based in Memphis, Tennessee, said it had earnings of 31 cents per share. Earnings, adjusted for non-recurring costs, came to 35 cents per share. The results met Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 35 cents per share.

The bank holding company posted revenue of $541.70M in the period. Its revenue net of interest expense was $435.60M, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $429.60M.

FHN has the market capitalization of $4.54B and its EPS growth ratio for the past five years was 76.20%. The return on assets ratio of the Company was 1.30% while its return on investment ratio stands at 19.00%. Price to sales ratio was 2.87 while 89.40% of the stock was owned by institutional investors.

Nurul Atikah

Finance and Tech Contributor

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