Tennessee

First Horizon Sees Profits Fall Nearly 90 Percent; May Consider Exit from Mortgage Banking? 

First Horizon National Corp. [stock FHN][/stock] said Thursday that first quarter earnings took a steep hit, as the Memphis, Tenn.-based bank continues to deal with with worsening credit quality and a mortgage business gone sour. The bank reported earnings of $7.9 million, $.06/share, compared with a profit of $70.5 million, $.55/share, one year ago.