First Horizon Loss Worse Than Estimates
Stock quotes in this article:
FHN
The company has been winding down its National Specialty Lending division, which has been the prime factor in First Horizon National Corp.'s construction and consumer loan quality problems and net charge-offs. This loan portfolio totaled $7.5 billion or 24% of the company's total assets as of March 31, compared to
The company's capital position (augmented in the fourth quarter by the TARP infusion) was strong, with an estimated tier 1 capital ratio of 14.98%, compared to 15.03% last quarter and 8.23% in March 2008.- Loading Comments...
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