First Horizon (FHN) Reports Q2 Loss of $0.11; CEO Succession Plan
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First Horizon (NYSE: FHN) reports Q2 loss of $0.11 per share, below the consensus of an $0.08 loss. Revenues came in at $637.9 million, versus the consensus of $542.1 million.
First Horizon also annonced its succession plan for Jerry Baker, president and chief executive officer. Effective Sept. 1, D. Bryan Jordan, 46, will become president and chief executive officer of First Horizon National Corp. and its principal banking subsidiary, First Tennessee Bank. Baker, 65, will become vice chairman of the First Horizon National Corp. board of directors and assist in the transition until he retires on Dec. 31. Michael D. Rose, 66, remains chairman of the board.
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