18.01.2024 12:48:24 - dpa-AFX: First Horizon National Q4 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - First Horizon National (FHN) released earnings for
fourth quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $175 million, or $0.31 per share. This
compares with $258 million, or $0.45 per share, in last year's fourth quarter.
Excluding items, First Horizon National reported adjusted earnings of $178
million or $0.32 per share for the period.
Analysts on average had expected the company to earn $0.30 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 9.3% to $800 million from $882
million last year.
First Horizon National earnings at a glance (GAAP) :
-Earnings (Q4): $175 Mln. vs. $258 Mln. last year.
-EPS (Q4): $0.31 vs. $0.45 last year.
-Analyst Estimates: $0.30
-Revenue (Q4): $800 Mln vs. $882 Mln last year.
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