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Jun 30, 2020
First Horizon Q2 2020 Earnings Report
Reported second quarter EPS of $0.17 with adjusted EPS of $0.20.
Key Takeaways
First Horizon National Corp. reported solid results in the second quarter amidst pandemic-related economic challenges. The company delivered strong fee income growth and a modest increase in net interest income. The merger with IBERIABANK Corporation was completed on July 1st, creating one of the largest banks in the South with $83 billion in assets.
Net income available to common shareholders was $52 million, or $0.17 per share.
Adjusted net income was $64 million, or $0.20 per share.
CET1 ratio improved to 9.3%, up 72 bps from the first quarter.
Completed merger of equals with IBERIABANK Corporation on July 1st, creating one of the largest banks in the South.