First Horizon National (FHN) Tops Q3 EPS by 2c

FREE Breaking News Alerts from StreetInsider.com!

StreetInsider.com Top Tickers, 4/25/2024

1. TSLA
2. ENPH
3. TXN
4. BA
5. SPOT

6. META
7. IBM
8. V
9. KMB
10. WBS

Price: $14.93 +0.34%

Revenue Growth %: -5.1%

Financial Fact:
Interest on trading liabilities: 3.33M

Today's EPS Names:
NLY, CP, RUSHA, More

First Horizon National (NYSE: FHN) reported Q3 EPS of $0.27, $0.02 better than the analyst estimate of $0.25.

Regional Bank

		Average loan growth of 18% Average core deposits up 7% Return on assets (ROA) at 1.47%* Return on equity (ROE) at 24%*

Fixed Income		Fixed income product average daily revenue (ADR) at $922,000, up 37% Continued fee income growth ROA at 1.63%* ROE at 27%*

Consolidated		Net income up 7% and earnings per share (EPS) up 8% Revenues up 16%; expenses up 8%; efficiency ratio improved to 70% Net interest income (NII) up 13%; net interest margin (NIM) up 11 basis points to 2.96% Average loans up 12%; average core deposits up 11%

Asset Quality		Trends remain favorable; nonperforming assets (NPAs) down 20% Net charge-offs (NCOs) declined to annualized 0.05% of average loans Consolidated reserve-to-loans ratio at 1.03%

Capital Deployment		Repurchased $7.1 million, or ~468,000 common shares Completed acquisition of ~$537 million in franchise finance loans

For earnings history and earnings-related data on First Horizon National (FHN) click here.

Sign up for StreetInsider Free!

Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!