First Horizon posts first quarter loss

April 17, 2015 8:42 PM

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First Horizon posts first quarter loss

The recently announced mortgage-related settlement hit First Horizon National Corp.'s (NYSE:FHN) earnings in the first quarter.

First Tennessee Bank's parent company reported a net loss of $76.7 million Friday morning. Without the $212.5 million cash payment First Horizon agreed to pay the U.S. government to settle allegations of mortgage-lending violations dating back to 2008, first quarter profit would have been $41.8 mill...

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