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UPDATE: First Horizon Q3 Profit Down 29%

Related FHN
Earnings Scheduled For July 18, 2014
First Horizon's Cost Containment Continues - Analyst Blog

First Horizon National (NYSE: FHN) reported a 29% drop in its third-quarter earnings.

First Horizon's quarterly profit fell to $25.8 million, or $0.10 per share, from $36.1 million, or $0.14 per share, in the year-ago period.

Its revenue dropped 15% to $337 million. However, analysts were expecting a profit of $0.19 per share on revenue of $340 million.

First Horizon's non-interest expense fell 18% to $263.2 million.

First Horizon shares dropped 0.05% to $9.67 in pre-market trading.

Posted-In: profitEarnings News

 

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