First Horizon National Q4 Profit Decreases, but beats estimates

First Horizon National (FHN) revealed earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $219 million, or $0.40 per share. This compares with $234 million, or $0.42 per share, in last year's fourth quarter.

Excluding items, First Horizon National reported adjusted earnings of $260 million or $0.48 per share for the period.

Analysts on average had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.0% to $745 million from $810 million last year.

First Horizon National earnings at a glance (GAAP) :

-Earnings (Q4): $219 Mln. vs. $234 Mln. last year.
-EPS (Q4): $0.40 vs. $0.42 last year.
-Analyst Estimates: $0.38
-Revenue (Q4): $745 Mln vs. $810 Mln last year.

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