First Horizon National (FHN) Reports In-Line Q1 EPS

First Horizon National (NYSE: FHN) reported Q1 EPS of $0.20, in-line with the analyst estimate of $0.20.

• Asset quality trends began to normalize. First quarter’s net charge-offs of $9 million annualize to a net charge-off ratio of 0.21 percent. Non-performing assets were down $18 million from first quarter 2015 but up $7 million from fourth quarter 2015.
• Capital levels remained strong, with the Common Equity Tier 1 ratio estimated at 10.35 percent. First Horizon repurchased 6 million shares in the first quarter at an average price of $12.32 per share. The company also returned capital to shareholders by increasing its quarterly cash dividend to 7 cents per share starting April 1.

For earnings history and earnings-related data on First Horizon National (FHN) click here.

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