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(FHN) First Horizon National Meets Earnings Estimates

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First Horizon National Corp. (FHN) reported first-quarter 2013 earnings per share of 17 cents, in line with the Zacks Consensus Estimate of 17 cents, but well ahead of the year-ago earnings of 12 cents. The results were driven by lower non-interest expenses, reflecting the company’s expense control measures. However, the pressure on revenue growth persisted owing to declining net interest as well as non-interest income. Further, considerably higher provision for credit losses was another dampener. First Horizon reported net income available to common shareholders of $45.0 million, up 35% from $33.4 million reported in the prior-year quarter. Total revenue came in at $317.8 million, missing the Zacks Consensus Estimate of $330.0 million. Moreover, revenues fell 15% from the year-ago quarter. First Horizon’s provision for loan losses elevated 88% to $15

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