First Horizon National Corp (FHN), a bank holding company for First Tennessee Bank National Association, has reported 5.97 percent fall in profit for the quarter ended Dec. 31, 2014. The company has earned $47.91 million, or $0.20 a share in the quarter, compared with $50.95 million, or $0.21 a share for the same period last year.
Revenue during the quarter went down marginally by 1.63 percent to $272.65 million from $277.18 million in the previous year period.
Non-interest income for the quarter fell 11.44 percent over the last year period to $119.60 million.
Total assets stood at $25,672.89 million as on Dec. 31, 2014, up 7.92 percent compared with $23,789.83 million on Dec. 31, 2013. On the other hand, total liabilities stood at $23,081.92 million as on Dec. 31, 2014, up 8.42 percent from $21,289.08 million on Dec. 31, 2013.
Net loans stood at $15,997.72 million as on Dec. 31, 2014, up 5.70 percent compared with $15,135.26 million on Dec. 31, 2013. Deposits stood at $18,068.94 million as on Dec. 31, 2014, up 7.97 percent compared with $16,734.96 million on Dec. 31, 2013.
Investments stood at $3,694.99 million as on Dec. 31, 2014, up 3.20 percent or $114.67 million from $3,580.32 million on Dec. 31, 2013.
Shareholders equity stood at $2,295.54 million as on Dec. 31, 2014, up 4.09 percent or $90.22 million compared to $2,205.32 million on Dec. 31, 2013.
Return on average assets moved down 8 basis points to 0.82 percent in the quarter from 0.90 percent in the last year period. Return on average equity decreased 132 basis points to 8.10 percent in the quarter from 9.42 percent in the last year period. Net interest margin contracted 12 basis points to 2.86 percent in the quarter from 2.98 percent in the last year period. Efficiency ratio for the quarter improved to 75.18 percent from 88.66 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]
