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.