Fourth-quarter earnings at First American Corp., Nashville, were down 18%, to $24 million, from the year-earlier quarter, although core profitability actually improved.

Year-to-year comparisons were muddied by numerous special charges and nonrecurring gains - for negative loan-loss provisions, securities losses, and accounting changes - taken in both fourth quarters.

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.