published Friday, July 18th, 2014

First Tennessee Bank profits up in second quarter

The parent company of First Tennessee Bank beat analysts expectations during the second quarter with earnings of $76.8 million, or 32 cents per share.

First Horizon Corp., earned nearly twice the 17 cents per share expected by analysts who follow Tennessee's biggest banking company and were up 68 percent from the 19-cents per share earned by First Horizon in the second quarter of 2013.

Total loans were up 4 percent from first to second quarter in First Horizon's regional banking business, First Tennessee, which has the largest market share in Tennessee. The bank saw double-digit year-over-year loan growth in asset-based lending, commercial real estate and its Mid-Atlantic region that includes the Carolinas, Virginia and North Florida.

about Dave Flessner...

Dave Flessner is the business editor for the Times Free Press. A journalist for 35 years, Dave has been business editor and projects editor for the Chattanooga Times Free Press, city editor for The Chattanooga Times, business and county reporter for the Chattanooga Times, correspondent for the Lansing State Journal and Ingham County News in Michigan, staff writer for the Hastings Daily Tribune in Nebraska, and news director for WCBN-FM in Michigan. Dave, a native ...

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