Shares of First Horizon National Corporation's (NYSE:FHN) closed the trading at a price of $16.00 with the positive/negative change of 0.76%. In the past session approximately 2.93 million shares were exchanged against the average daily trading volume of 3.13 million shares. During the twelve month it lost -6.87% and year to date performance of 21.58%.
First Horizon National Corp. (FHN) recently reported its second quarter 2k19 financial results. Stated earnings per share (EPS) were $0.35, up from $0.31 in first quarter 2k19; on an adjusted basis1, earnings per share were $0.42, up from $0.35 in first quarter 2k19.
“Our results demonstrated our commitment to achieve our Capital Bank merger objectives and the planned priorities we laid out during our Investor Day to transform First Horizon,” stated Bryan Jordan, First Horizon’s chairman and CEO. “In the second quarter, we gained loan and deposit growth momentum within our key markets and specialty areas, exercised good expense discipline while reinvesting in the company, and continued to strengthen our balance sheet. As we head into the second half of the year, we remain optimistic about our bankers’ ability to continue to deliver on our plan.”
Last month, First Horizon reported that it would bring together its family of companies under a unified set of brand names and a new logo. The unification of First Horizon’s banking, wealth management and fixed income businesses under a ordinary First Horizon brand represents an important step in the company’s transformation.
Highlights for the second quarter include:
Asset Quality Highlights include:
The P/E ratio was recorded at 9.51.The volatility in the previous week has experienced by 2.67% and observed of 2.21% in the previous month.89.50% ownership is held by institutional investors while insiders hold ownership of 1.20%.
First Horizon National Corp. (FHN) recently reported its second quarter 2k19 financial results. Stated earnings per share (EPS) were $0.35, up from $0.31 in first quarter 2k19; on an adjusted basis1, earnings per share were $0.42, up from $0.35 in first quarter 2k19.
“Our results demonstrated our commitment to achieve our Capital Bank merger objectives and the planned priorities we laid out during our Investor Day to transform First Horizon,” stated Bryan Jordan, First Horizon’s chairman and CEO. “In the second quarter, we gained loan and deposit growth momentum within our key markets and specialty areas, exercised good expense discipline while reinvesting in the company, and continued to strengthen our balance sheet. As we head into the second half of the year, we remain optimistic about our bankers’ ability to continue to deliver on our plan.”
Last month, First Horizon reported that it would bring together its family of companies under a unified set of brand names and a new logo. The unification of First Horizon’s banking, wealth management and fixed income businesses under a ordinary First Horizon brand represents an important step in the company’s transformation.
Highlights for the second quarter include:
- Strong loan and deposit growth in Regional Banking
- Net interest margin (NIM) of 3.34% in 2FIRST QUARTER9 contrast to 3.31% in 1FIRST QUARTER9
- Fixed Income average daily revenue up 19% from 1FIRST QUARTER9
- Stable asset quality overall, with net charge off ratio (net charge offs/average loans) unchanged from 1FIRST QUARTER9 at .07%
- Dividend payout of 41% in 2FIRST QUARTER9
Asset Quality Highlights include:
- Stable asset quality overall, with net charge off ratio unchanged from 1FIRST QUARTER9 at .07%. Net charge-offs were $5.2M in 2FIRST QUARTER9 contrast to $4.5M in 1FIRST QUARTER9; raise driven by one mortgage warehouse lending relationship
- Raise in reserves primarily driven by loan growth within the commercial portfolio partially offset by declining balances in the non-planned portfolio
- Nonperforming loans raised $29M, primarily driven by one mortgage warehouse lending relationship
- 30+ delinquencies improved
The P/E ratio was recorded at 9.51.The volatility in the previous week has experienced by 2.67% and observed of 2.21% in the previous month.89.50% ownership is held by institutional investors while insiders hold ownership of 1.20%.
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