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

October 14, 2016 6:46 AM EDT

Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.

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.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Earnings

Related Entities

Earnings, Definitive Agreement

Add Your Comment