First Horizon Corporation (FHN) reported earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $158 million, or $0.29 per share. This compares with $175 million, or $0.31 per share, in last year's fourth quarter.
Excluding items, First Horizon Corporation reported adjusted earnings of $228 million or $0.43 per share for the period.
Analysts on average had expected the company to earn $0.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 8.9% to $729 million from $800 million last year.
First Horizon Corporation earnings at a glance (GAAP) :
-Earnings (Q4): $158 Mln. vs. $175 Mln. last year.-EPS (Q4): $0.29 vs. $0.31 last year.-Revenue (Q4): $729 Mln vs. $800 Mln last year.
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