First Horizon National Corp.'s third-quarter loss narrowed substantially as loan-loss provisions continued to drop. Results beat analysts' expectations.

The parent of First Tennessee Bank has cut back on mortgage banking and has been getting rid of branches outside its Tennessee home base since the subprime implosion and homeowner-mortgage woes thwarted a plan to boost its mortgage business. It agreed in September to sell its institutional equity-research business, after slashing its dividend 41% in the spring.

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