The Memphis-based bank holding caller (NYSE: FHN) posted plexus return of $7.9 million on $ 677 million in revenue, compared with trellis proceeds of $70.5 million on take of $520.6 million in the oldest quarter of 2007. Earnings were 6 cents a divide up in the to begin quarter, compared with earnings of 55 cents a serving in the same quarter a year ago.
The common compensation estimate of 19 analysts was 13 cents per share. First Horizon, origin of First Tennessee Bank, increased its supply for credit losses to $240 million in the firstly quarter, up from $156.5 million in the fourth point of 2007 and $28.5 million in the chief lodge of 2007. Total commercial loans at the end of the territory were $11.18 million, up from $11.08 million in the fourth quarter. Retail loans totaled $10.7 million, down from $10.8 million in the fourth put up of 2007.
At the end of the quarter, First Horizon had mount up to assets of $37.2 billion.
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