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First Horizon National Corporation announces preliminary third quarter 2004 results.

Publication: M2 Presswire
Publication Date: 30-SEP-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 September 2004-First Horizon National Corporation: First Horizon National Corporation announces preliminary third quarter 2004 results(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:09292004

MEMPHIS, Tenn. (PRIMEZONE via COMTEX) - First Horizon National Corporation (NYSE:FHN) announced today that third quarter 2004 earnings will be negatively impacted primarily by a challenging environment in the fixed income markets, as well as a delay in the closing of a securitization. However, due to an increase in loans in the held for sale account as the securitization was delayed, the investment portfolio size was reduced, creating securities gains which will be recognized this quarter. As a result of these impacts, FHN anticipates earnings per share for the third...

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