- Third-quarter profit of 14 cents a share misses analysts' consensus estimate of 16 cents.
- Adds $28 million in mortgage repurchase expenses.
- Commences $100 million share repurchase.
|First Horizon National CEO Bryan Jordan|
The financial services company's better-than-expected third-quarter results could power the stock higher.
First Horizon (FHN) reported earnings and revenue that were above analysts' forecasts for the 2016 third quarter.