Edition:
United States

First Horizon National Corp (FHN.N)

FHN.N on New York Stock Exchange

17.12USD
25 May 2017
Change (% chg)

$-0.05 (-0.29%)
Prev Close
$17.17
Open
$17.21
Day's High
$17.27
Day's Low
$17.02
Volume
772,551
Avg. Vol
779,225
52-wk High
$20.83
52-wk Low
$12.46

Latest Key Developments (Source: Significant Developments)

First Horizon National will get paid $85 mln by Capital Bank in connection with termination of merger agreement
Friday, 5 May 2017 05:42pm EDT 

May 5 (Reuters) - First Horizon National Corp ::First Horizon National - termination fee of $85 million will be payable by capital bank to first horizon in connection with termination of merger agreement.  Full Article

First horizon to buy Capital Bank in deal valued at $2.2 bln
Thursday, 4 May 2017 07:00am EDT 

May 4 (Reuters) - First Horizon National Corp :First horizon and capital bank merger to create fourth largest regional bank in southeast.First horizon, which has $30 billion in assets, will acquire capital bank, which has $10 billion in assets.First horizon national corp - combined organization will have $40 billion in assets, $32 billion in deposits, $27 billion in loans.Total transaction value, at yesterday's first horizon closing stock price, is $2.2 billion.First horizon - each holder of capital bank common stock will be entitled to receive cash or stock with value equivalent to 1.750 first horizon shares & $7.90 in cash for each share.First horizon national corp - in aggregate, capital bank shareholders will receive a mix of approximately 80 percent stock and 20 percent cash.Agreement calls for two members of capital bank's board of directors to join first horizon board.Gene taylor, capital bank chairman and ceo, who will become vice chairman of first horizon.First horizon national- after closing, capital bank shareholders collectively will own approximately 29 percent of first horizon's common shares.First horizon national corp - merger agreement has been approved by boards of both companies.In aggregate, capital bank shareholders will receive a mix of approximately 80 percent stock and 20 percent cash.First horizon national corp - barclays capital inc. And morgan stanley & co. Llc served as financial advisors to first horizon.  Full Article

First Horizon National Q1 earnings per share $0.23
Thursday, 13 Apr 2017 06:37am EDT 

First Horizon National Corp : Q1 earnings per share $0.23 . First horizon national corp - net interest income ( nii ) decreased to $189.7 million in q1 from $195.6 million in q4 . First horizon national corp - qtrly total revenue $306.6 million versus $306.4 million . First horizon national corp - common equity tier 1 of 10.15 percent in first quarter compared to 9.94 percent in prior quarter .Q1 earnings per share view $0.23, revenue view $323.8 million -- Thomson Reuters I/B/E/S.  Full Article

First Horizon National FY 2016 total compensation $7.0 mln - sec filing
Monday, 13 Mar 2017 04:22pm EDT 

First Horizon National Corp :CEO Jordan's FY 2016 total compensation $7.0 million versus $3.6 million in FY 2015 - sec filing.  Full Article

First Horizon National Q3 earnings per share $0.27
Friday, 14 Oct 2016 06:57am EDT 

First Horizon National Corp : Q3 earnings per share $0.27 . First Horizon National Corp Q3 net interest income $185.2 million versus $163.6 million last year . First horizon national corp says common equity tier 1 of 9.79 percent in third quarter compared to 10.05 percent in prior quarter . First Horizon National Corp qtrly consolidated total revenue $333.7 million versus $288.7 million . First Horizon National Corp Q3 net charge-offs $2.3 million versus $11.5 million last year .Q3 earnings per share view $0.25, revenue view $327.1 million -- Thomson Reuters I/B/E/S.  Full Article

First Horizon National reports Q2 earnings per share $0.24
Friday, 15 Jul 2016 06:34am EDT 

First Horizon National Corp - : Q2 earnings per share $0.24 . Qtrly net interest income increased to $176.3 million in Q2 from $172.1 million in Q1 . Net charge-offs were $8.2 million in second quarter compared to $9.2 million in first quarter . Q2 earnings per share view $0.23 -- Thomson Reuters I/B/E/S . Common equity tier 1 of 10.07 percent in second quarter compared to 10.33 percent in prior quarter . Qtrly revenue $321.8 million versus $296.9 million . Q2 revenue view $314.6 million -- Thomson Reuters I/B/E/S .First Horizon National Corp Q2 provision for loan losses $4 million versus $2 million last year.  Full Article

General Electric to sell bulk of U.S. restaurant finance assets
Monday, 27 Jun 2016 05:00pm EDT 

General Electric Co : GE to sell bulk of U.S. restaurant finance assets in separate transactions to three buyers . Combined transactions represent ending net investment (ENI) of approximately US$1.4 billion as of Q1 2016 . General electric co says under agreements, each buyer will acquire assets based on regional headquarters location of respective borrowers . Further details on transaction terms are not being disclosed . Combined transactions are collectively expected to release approximately US$0.2 billion of capital to GE . General electric co says will retain financing verticals that relate directly to GE's industrial businesses .First Horizon National Corp to acquire assets in southwest and southeast; Wintrust Financial Corp to buy assets in midwest, part of west.  Full Article

First Horizon declares quarterly dividend
Tuesday, 26 Jan 2016 04:10pm EST 

First Horizon National Corp:Approved payment of a quarterly cash dividend on its common stock of $0.07 per share.Dividend is payable on April 1, 2016, to the common shareholders of record on March 11, 2016.  Full Article

First Horizon National Corp completes trustatlantic acquisition
Monday, 5 Oct 2015 06:00am EDT 

First Horizon National Corp:Says that it has completed its acquisition of Raleigh, N.C.-based TrustAtlantic Bank and its parent company, TrustAtlantic Financial Corp.  Full Article

First Horizon National Corp declares quarterly dividends and expands share purchase program
Tuesday, 21 Jul 2015 04:05pm EDT 

First Horizon National Corp:Approved payment of a quarterly cash dividend on its common stock of $.06 per share.The dividend is payable on Oct. 1, to the common shareholders of record on Sept. 11.Also approved payment of a quarterly cash dividend of $1,550.00 per share on FHN's Non-Cumulative Perpetual Preferred Stock, Series A.Says this equates to a cash dividend of $0.387500 per Depositary Share, which each represent a 1/4000th interest in a share of the Series A Preferred Stock.The dividend is payable on Oct. 13 to the preferred shareholders of record on Sept. 28.Expanded FHN's 2014 common share purchase program. The board added $100 million and an additional year.The program now covers a total of $200 million and will expire on Jan. 31, 2017.It has approximately $146 million in available share purchase authority.The 2014 program is not tied to any compensation plan.  Full Article

More From Around the Web

BRIEF-First Horizon National will get paid $85 mln by Capital Bank in connection with termination of merger agreement

* First Horizon National - termination fee of $85 million will be payable by capital bank to first horizon in connection with termination of merger agreement Source text (http://bit.ly/2piqTRi) Further company coverage: