First Horizon Reports Second Quarter Results and Highlights
First Horizon National Corp. (NYSE:FHN) recently announced its second quarter 2019 financial results. Reported earnings per share (EPS) were $0.35, up from $0.31 in first quarter 2019; on an adjusted basis1, earnings per share were $0.42, up from $0.35 in first quarter 2019.
“Our results demonstrated our commitment to achieve our Capital Bank merger objectives and the strategic priorities we laid out during our Investor Day to transform First Horizon,” said 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 announced 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 common First Horizon brand represents an important step in the company’s transformation.