First Horizon National Corporation (NYSE:FHN) reported second-quarter 2022 adjusted earnings per share of 34 cents. This excluded after-tax impacts of 5 cents per share from notable items related to the IBERIABANK Corporation and TD Bank merger transactions. The reported number missed the Zacks Consensus Estimate of 35 cents. Also, the figure declined 41% year over year.
The results reflect strong net interest income (NII) growth, high loan and lease balances, and a decline in expenses. However, a fall in non-interest income, lower deposits and higher provisions were headwinds.
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