First Horizon: Q4 Earnings Snapshot
By AP News
Published - Jan 18, 2024, 07:06 AM ET
Last Updated - Jan 18, 2024, 07:06 AM EST
MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — First Horizon National Corp. (FHN) on Thursday reported fourth-quarter net income of $183 million.
The Memphis, Tennessee-based bank said it had earnings of 31 cents per share. Earnings, adjusted for non-recurring costs, came to 32 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The bank holding company posted revenue of $1.27 billion in the period. Its revenue net of interest expense was $800 million, which also beat Street forecasts. Four analysts surveyed by Zacks expected $784.2 million.
