Shares of First American Corp. fell nearly 14% Tuesday after the Nashville banking company said its 1999 earnings would fall short of expectations.

The $20.7 billion-asset company said Monday that it would earn $2.70 to $2.75 a share this year, versus a consensus estimate of $2.99, because of problems encountered while integrating the operations of Deposit Guaranty Corp., which it acquired in May.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.