First Horizon: Fourth Quarter Earnings Overview

First Horizon National Corp. Announces Strong Fourth-Quarter Results

First Horizon National Corp., headquartered in Memphis, Tennessee, revealed on Thursday that it achieved a net income of $262 million for the fourth quarter.

The bank reported earnings of 52 cents per share, surpassing the expectations of Wall Street analysts.

According to Zacks Investment Research, the consensus estimate among eight analysts was 47 cents per share, making the actual results notably higher than anticipated.

During the quarter, First Horizon generated $1.27 billion in total revenue. After accounting for interest expenses, net revenue reached $888 million, which also exceeded analyst projections. Three analysts surveyed by Zacks had forecasted net revenue of $862.2 million.

Looking at the full year, the company posted a profit of $982 million, or $1.87 per share, with annual revenue totaling $3.42 billion.