Unassociated Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15 (D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) July 19, 2007

First Horizon National Corporation

(Exact Name of Registrant as Specified in Its Charter)

Tennessee

(State or Other Jurisdiction of Incorporation)

001-15185 62-0803242

(Commission File Number) (IRS Employer Identification No.)

165 Madison Avenue Memphis,TN 38103

(Address of Principal Executive Offices) (Zip Code)

(901) 523-4444

(Registrant’s Telephone Number, Including Area Code)

________________________________________

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02.

RESULTS OF OPERATIONS AND FINANCIAL CONDITION

Furnished as Exhibit 99.1 is a copy of First Horizon National Corporation's earnings release for the quarter ended June 30, 2007, which was issued July 19, 2007.

ITEM 9.01.

FINANCIAL STATEMENTS AND EXHIBITS

The following exhibit is furnished pursuant to Item 2.02, is not to be considered “filed” under the Securities Exchange Act of 1934, as amended (“Exchange Act”), and shall not be incorporated by reference into any of First Horizon National Corporation’s (“Corporation”) previous or future filings under the Securities Act of 1933, as amended, or the Exchange Act.

Exhibit #

Description

99.1	Earnings Release for Quarter Ended 6/30/07

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FIRST HORIZON NATIONAL CORPORATION

Date: July 19, 2007 By: /s/ D. Bryan Jordan

Name: D. Bryan Jordan

Title: Executive Vice President and Chief Financial Officer

EXHIBIT INDEX

The following exhibit is furnished pursuant to Item 2.02, is not to be considered “filed” under the Exchange Act, and shall not be incorporated by reference into any of the Corporation’s previous or future filings under the Securities Act of 1933, as amended, or the Exchange Act.

Exhibit #

Description

99.1	Earnings Release for Quarter Ended 6/30/07

* Earnings of $22.2 million or $.17 per diluted share compared to first quarter 2007 earnings of $70.5 million or $.55 per diluted share * Progress in implementation of earnings enhancement initiatives raises total expected benefits to $175 million and results in $39.3 million of second quarter pre-tax charges * Capital Markets shows earnings increase from improvement in revenues and expenses * Legal settlements result in $5.4 million net reduction in pre-tax earnings * Additional provisioning reflects asset quality trends; net charge-offs decline to 41 basis points * Continuing implementation of productivity and performance enhancement measures will result in additional charges throughout remainder of 2007 with up to $60 million estimated to date * Pursuing sale of 34 full-service First Horizon Bank branches in Atlanta, Baltimore, Dallas and Northern Virginia

* Organizational and compensation changes for right sizing operating segments and consolidating functional areas * Procurement centralization and multi-sourcing back office functions * Repositioning non-core businesses, including redesigned non-prime mortgage origination business and exit from coin merchandising * Other efforts, including facilities consolidation and divesting certain loan portfolios

* Capital markets, one of the nation's top underwriters of U.S. government agency securities * Mortgage banking, one of the nation's top mortgage originators and recipient of consecutive awards for servicing excellence from Fannie Mae and Freddie Mac * Retail/commercial banking, with the largest market share in Tennessee and one of the highest customer retention rates of any bank in the country

SUMMARY QUARTERLY RESULTS Quarterly, Unaudited ---------------------------------------------------------------------- (Thousands) 2Q07 1Q07 4Q06 --------------------------------------------------------------------- INCOME STATEMENT HIGHLIGHTS Net interest income $ 239,432 $ 237,419 $ 245,997 Noninterest income 281,313 272,915 313,342 Securities (losses) /gains, net (1,014) 10,273 3,002 --------------------------------------------------------------------- Total revenue 519,731 520,607 562,341 --------------------------------------------------------------------- Noninterest expense 457,240 403,012 431,630 Provision 44,408 28,486 22,983 --------------------------------------------------------------------- Pretax income/(loss) 18,083 89,109 107,728 (Benefit)/provision for income taxes (3,861) 18,802 31,448 --------------------------------------------------------------------- Income from continuing operations 21,944 70,307 76,280 Income/(loss) from discontinued operations, net of tax 179 240 187 --------------------------------------------------------------------- Net income $ 22,123 $ 70,547 $ 76,467 --------------------------------------------------------------------- COMMON STOCK DATA Diluted EPS from continuing operations $ .17 $ .55 $ .60 Diluted EPS .17 .55 .60 Diluted shares 128,737 128,704 127,784 Period-end shares outstanding 126,237 125,749 124,866 Dividends declared per share $ .45 $ .45 $ .45 --------------------------------------------------------------------- BALANCE SHEET HIGHLIGHTS (PERIOD END) Total loans, net of unearned income $22,382,303 $22,268,190 $22,104,905 Total deposits 21,761,683 22,491,951 20,213,232 Total assets 38,394,084 38,828,766 37,918,259 Total liabilities 35,635,325 36,018,813 35,160,599 Total shareholders' equity 2,463,482 2,514,676 2,462,390 --------------------------------------------------------------------- KEY RATIOS & OTHER Return on average assets .23% .74% .77% Return on average equity 3.57% 11.61% 12.08% Net interest margin 2.79% 2.84% 2.85% Efficiency ratio 88.0% 77.4% 76.8% FTE employees 11,903 12,018 12,131 --------------------------------------------------------------------- --------------------------------------------------------------------- 2Q07 Change vs. --------------- (Thousands) 3Q06 2Q06 1Q07 2Q06 --------------------------------------------------------------------- INCOME STATEMENT HIGHLIGHTS Net interest income $ 251,621 $ 253,598 1 % (6)% Noninterest income 309,170 332,119 3 % (15)% Securities (losses) /gains, net 8,757 2,893 NM NM --------------------------------------------------------------------- Total revenue 569,548 588,610 * (12)% --------------------------------------------------------------------- Noninterest expense 452,899 423,011 13 % 8 % Provision 23,694 18,653 56 % 138 % --------------------------------------------------------------------- Pretax income/(loss) 92,955 146,946 (80)% (88)% (Benefit)/provision for income taxes 25,776 43,013 (121)% (109)% --------------------------------------------------------------------- Income from continuing operations 67,179 103,933 (69)% (79)% Income/(loss) from discontinued operations, net of tax (69) 376 (25)% (52)% --------------------------------------------------------------------- Net income $ 67,110 $ 104,309 (69)% (79)% --------------------------------------------------------------------- COMMON STOCK DATA Diluted EPS from continuing operations $ .53 $ .82 (69)% (79)% Diluted EPS .53 .82 (69)% (79)% Diluted shares 127,523 127,280 * 1 % Period-end shares outstanding 124,467 123,947 * 2 % Dividends declared per share $ .45 $ .45 -- -- --------------------------------------------------------------------- BALANCE SHEET HIGHLIGHTS (PERIOD END) Total loans, net of unearned income $21,955,030 $21,717,264 1 % 3 % Total deposits 25,284,541 21,693,442 (3)% * Total assets 40,076,183 37,469,234 (1)% 2 % Total liabilities 37,270,385 34,731,767 (1)% 3 % Total shareholders' equity 2,510,524 2,442,193 (2)% 1 % --------------------------------------------------------------------- KEY RATIOS & OTHER Return on average assets .67% 1.09% Return on average equity 10.90% 17.42% Net interest margin 2.89% 2.99% Efficiency ratio 79.5% 71.9% FTE employees 12,324 12,413 (1)% (4)% --------------------------------------------------------------------- NM - Not meaningful * Amount is less than one percent.

CONTACT: First Horizon National Corporation Media Information: Kim Cherry (901) 523-4726 Investor Relations: Dave Miller (901) 523-4162

First Horizon National Corporation Announces Financial Results for Second Quarter 2007

Company Expects Further Efficiency Gains, Continued Improvements to Businesses