MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — First Horizon National Corp. (FHN) on Wednesday reported first-quarter net income of $192 million.
The Memphis, Tennessee-based bank said it had earnings of 33 cents per share. Earnings, adjusted for non-recurring costs, were 35 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The bank holding company posted revenue of $1.27 billion in the period. Its revenue net of interest expense was $819 million, also beating Street forecasts. Five analysts surveyed by Zacks expected $807.9 million.
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