First Horizon National Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Report Net Charge-Offs for the Fourth Quarter Ended December 31, 2018
January 18, 2019 at 06:30 am EST
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First Horizon National Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported total revenue of $412,786,000 against $375,278,000 a year ago. Net interest income was $302,512,000 against $242,088,000 a year ago. Net income was $100,805,000 against net loss of $48,381,000 a year ago. Basic earnings per share were $0.30 against loss per share of $0.20 a year ago.
For the full year, the company reported total revenue of $1,943,105,000 against $1,332,533,000 a year ago. Net interest income was $1,220,317,000 against $842,314,000 a year ago. Net income was $556,507,000 against $176,980,000 a year ago. Basic earnings per share were $1.66 against $0.66 a year ago. Diluted earnings per share were $1.65 against $0.65 a year ago.
For the quarter, the company reported net charge-offs of $11,535,000 compared to $8,312,000 a year ago.
First Horizon Corporation is a bank holding company, which provides diversified financial services primarily through its principal subsidiary, First Horizon Bank (the Bank). The Company operates through three segments: Regional Banking, Specialty Banking, and Corporate. The principal lines of business in the regional banking segment include commercial banking, business banking, consumer banking, private client, and wealth management. This segment also provides investment, wealth management, financial planning, trust and asset management services for consumer clients. The principal lines of business in the specialty banking segment include fixed income/capital markets, professional commercial real estate, mortgage warehouse lending, asset-based (secured) lending, franchise finance, equipment finance, energy finance, healthcare finance, and tax credit finance. This segment also delivers treasury management solutions, loan syndications, and international banking.
First Horizon National Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Report Net Charge-Offs for the Fourth Quarter Ended December 31, 2018