First Horizon National (FHN) Tops Q1 EPS by 3c

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Go back to First Horizon National (FHN) Tops Q1 EPS by 3c

First Horizon delivers strong first quarter performance

April 13, 2018 6:30 AM EDT

MEMPHIS, Tenn., April 13, 2018 (GLOBE NEWSWIRE) --

First Horizon (NYSE: FHN) demonstrated strong first quarter 2018 results, driven by year-over-year loan and deposit growth, higher revenues, improvement in the efficiency ratio and good asset quality trends. Reported earnings per share (EPS) were $0.27, up 17 percent from first quarter 2017; on an adjusted basis1, earnings per share were $0.34. First Horizon enhanced profitability with an increase in return on tangible common equity and return on assets.

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