First Horizon National (FHN) Tops Q3 EPS by 14c

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First Horizon National Corp. Reports Third Quarter Net Income Available to Common of $523 Million and EPS of $0.95

October 23, 2020 6:30 AM EDT

Results include $269 million pre-tax, or $0.60 per share, of notable items largely related to the IBERIABANK merger

Adjusted net income available to common of $193 million or EPS of $0.35*

Reflects strong fee income and continued expense discipline partially offset by the impact of net interest income headwinds and a CECL reserve build of $13 million

ROCE of 28.49%; Adjusted ROTCE of 13.90%*

Tangible book value per share of $9.92 remained relatively stable

MEMPHIS, Tenn., Oct.... More