First Horizon: 4Q Earnings Snapshot

MEMPHIS, Tenn. (AP) _ First Horizon National Corp. (FHN) on Friday reported fourth-quarter net income of $118.4 million.

The Memphis, Tennessee-based bank said it had earnings of 37 cents per share. Earnings, adjusted for non-recurring costs, were 47 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The bank holding company posted revenue of $587.4 million in the period. Its revenue net of interest expense was $494.7 million, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $471.6 million.

For the year, the company reported profit of $440.9 million, or $1.38 per share. Revenue was reported as $1.86 billion.

First Horizon shares have increased slightly since the beginning of the year. The stock has increased 13% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FHN at https://www.zacks.com/ap/FHN