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First Horizon Corporation Reports First Quarter Net Income Available to Common Shareholders of ...
First Horizon National CorporationApril 21, 2021 GMT
First quarter 2021 ROTCE of 15.9%; Adjusted ROTCE of 20.2% improved from 18.2% in fourth quarter 2020*
Tangible book value per share of $10.30 up 1% from fourth quarter 2020
MEMPHIS, Tenn., April 21, 2021 (GLOBE NEWSWIRE) -- First Horizon Corporation (NYSE: FHN or “First Horizon”) today reported first quarter 2021 net income available to common shareholders (“NIAC”) of $225 million, or earnings per share of $0.40, compared with fourth quarter 2020 NIAC of $234 million, or earnings per share of $0.42. First quarter 2021 results were reduced by a net $60 million after-tax, or $0.11 per share, of notable items largely related to the IBERIABANK Corporation Merger (“IBKC Merger”) compared with a net $20 million after-tax reduction, or $0.04 per share, in fourth quarter 2020. Excluding notable items, adjusted first quarter 2021 NIAC of $284 million, or $0.51 per share, increased from $255 million, or $0.46 per share in fourth quarter 2020.*