UPDATE: First Horizon National Reports Upbeat Q2 Profit

First Horizon National Corp FHN reported a strong year-over-year rise in its second-quarter profit. First Horizon reported its quarterly profit at $42.6 million, or $0.16 per share, up from $17.6 million, in the year-ago period. Revenue dropped 15% to $361.6 million. Analysts were expecting a profit of $0.11 per share on revenue of $364 million. FHN's loan-loss provisions came in at $1 million, down from $70 million, in the year- earlier period. Its total deposits climbed 5%, while total loans dropped 6%. First Horizon shares dropped 2.47% to close at $9.48 yesterday.