First Horizon posts strong second quarter

Sandra ClarkFeature

First Horizon National Corp., Memphis-based parent company of First Tennessee, has reported earnings of 25 cents per share for the second quarter. On an adjusted basis, earnings per share were 36 cents.

In a company press release, Bryan Jordan, First Horizon’s chair and CEO, said: “Our second quarter results demonstrate continued progress towards our goal of building a strong, differentiated and leading bank in the Southeast. See graphic:

First Horizon_2Q 2018 Earnings Infographic

“The current operating environment remains favorable, and we’re pleased with the strong momentum and customer activity we have seen across our portfolio, especially in our attractive high return specialty businesses. We believe First Horizon is well-positioned to deliver sustainable top-quartile returns and capitalize on our compelling growth and savings opportunities.”

Locally, Dave Miller, president of the East Tennessee Region, said First Tennessee continued its momentum in the second quarter. “Revenues grew five percent over last year, particularly boosted by strong deposit growth during the quarter. In early June, we completed the final important steps in our merger with Capital Bank whose clients now enjoy the full benefits of our systems and branch network.

“Our results and growth are a tribute to the over 700 employees we now have in the Knoxville area. During the quarter, they again earned the well-deserved honor of being recognized as one of the very top workplaces in the greater Knoxville area (by Energage, a survey firm which ranked surveyed companies based on employee responses for the News Sentinel’s Top Workplaces program).

“They are what sets First Tennessee apart.”

Forbes honors First Horizon

First Horizon National Corp. (NYSE:FHN) has been named to the Forbes “America’s Best Midsize Employers” list. The recognition, based on employee feedback, honors American companies that employ at least 1,000 workers in their U.S. operations.

First Horizon employee benefits include:

  • Employee mentoring, professional development training and tuition reimbursement
  • A robust volunteer program that last year invested nearly 25,000 hours in their communities, to create better areas for people to work, live and play
  • Seven employee resource groups with 12 chapters to focus on culture and quality initiative
  • Health and wellness care, workplace flexibility, and parental leave for biological/adoptive/foster/surrogate parents, and domestic partners or spouses of birth mothers.

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