The First Tennessee Bank building is located between Market and Broad Streets in downtown Chattanooga.First Horizon National Corp., the parent company of First Tennessee Bank, on Friday reported first-quarter net income of $49.4 million, after reporting a loss in the same period a year earlier.
The Memphis, Tennessee-based bank said it had earnings of 20 cents per share.
The results matched Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 20 cents per share.
The bank holding company posted revenue of $306.4 million in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $302.1 million.
First Tennessee is the biggest bank in Chattanooga with more than $2 billion of local deposits.