First Horizon: Q2 Earnings Snapshot
By AP News
Published - Jul 19, 2023, 06:56 AM ET
Last Updated - Jul 19, 2023, 06:56 AM EDT
MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — First Horizon National Corp. (FHN) on Wednesday reported second-quarter profit of $325 million.
The Memphis, Tennessee-based bank said it had earnings of 56 cents per share. Earnings, adjusted for non-recurring gains, came to 39 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The bank holding company posted revenue of $1.42 billion in the period. Its revenue net of interest expense was $1.03 billion, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $820.2 million.
