First Horizon meets 1Q profit forecasts

MEMPHIS, Tenn. (AP) _ First Horizon National Corp. (FHN) on Thursday reported first-quarter earnings of $55.6 million.

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The Memphis, Tennessee-based bank said it had earnings of 23 cents per share.

The results matched Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 23 cents per share.

The bank holding company posted revenue of $335.8 million in the period. Its adjusted revenue was $306.6 million, which missed Street forecasts. Five analysts surveyed by Zacks expected $325.1 million.

First Horizon shares have dropped 9.5 percent since the beginning of the year. The stock has increased 36 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FHN at https://www.zacks.com/ap/FHN

Keywords: First Horizon National, Earnings Report