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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, releases, and bank benchmark profile data can be found in the Related Links area of each article.
April 26
First Horizon National Corp.Chief Executive Bryan Jordan said he feels "good" about the Memphis company's prospects for turning a profit "later this year" after its first-quarter loss narrowed on lower credit costs.
First Horizon posted a loss of $27.7 million, or 12 cents a share, Friday, compared with $82.8 million, or 37 cents per share, a year earlier.
Falling provisions — which were down 22% from the prior quarter and 65% from a year earlier — helped First Horizon post its narrowest loss in at least a year. Nonperforming assets and chargeoffs, meanwhile, were down just slightly from the end of last year.
Though things are looking better for the $26 billion-asset company on the loan-loss front, analysts said its rapidly shrinking loan portfolio could point to poor growth prospects.
Its net interest margin was flat — a disappointment given the wide margins banks should be able to book lending out cheap deposits at attractive rates. The company's balance sheet continued to shrink as loans fell 4% from the prior quarter.
