First Horizon National (FHN) Tops Q3 EPS by 2c
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Price: $25.68 -1.42%
EPS Growth %: +15.6%
Financial Fact:
Repurchase and foreclosure provision: -218K
Today's EPS Names:
CRMT, More
EPS Growth %: +15.6%
Financial Fact:
Repurchase and foreclosure provision: -218K
Today's EPS Names:
CRMT, More
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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.
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