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) October 18, 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 September 30, 2007, which was issued October 18, 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 9/30/07

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: October 18, 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 9/30/07

* A net loss of $14.2 million or $.11 per diluted share compared to second quarter 2007 earnings of $22.2 million or $.17 per diluted share * Illiquidity in the credit markets negatively impacted current quarter earnings by approximately $65 million in comparison to prior quarter * Investments driving continued profitability and market share growth in Tennessee banking franchise * Expenses decline sequentially reflecting lower levels of variable compensation and effects of efficiency initiatives * Continuing implementation of earnings enhancement initiatives results in $32.8 million of third quarter pre-tax charges; additional charges are expected over the next two quarters, as well as gains from the sale of 34 First Horizon Bank branches * Additional provisioning reflects asset quality trends; net charge-offs increase to 57 basis points

* Enterprise efficiency initiatives including organization and compensation redesign, procurement centralization and multisourcing efforts, and repositioning of non-core businesses * First Horizon Banks divestiture consisting of 34 full-service locations in Virginia, Maryland, Georgia and Texas * Restructuring of mortgage operations through office closures, associated sales force decreases, and reduction of management and support staff * Downsizing of national lending operations through reduction of consumer and construction sales forces and decreasing management, support staff and back-office costs

* 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) 3Q07 2Q07 1Q07 --------------------------------------------------------------------- INCOME STATEMENT HIGHLIGHTS Net interest income $ 237,804 $ 239,432 $ 237,419 Noninterest income 203,475 281,313 272,915 Securities (losses) /gains, net -- (1,014) 10,273 --------------------------------------------------------------------- Total revenue 441,279 519,731 520,607 --------------------------------------------------------------------- Noninterest expense 421,622 457,240 403,012 Provision 43,352 44,408 28,486 --------------------------------------------------------------------- Pre-tax (loss) /income (23,695) 18,083 89,109 (Benefit)/provision for income taxes (9,330) (3,861) 18,802 -------------------------------------------------------------------- (Loss)/income from continuing operations (14,365) 21,944 70,307 Income/(loss) from discontinued operations, net of tax 209 179 240 --------------------------------------------------------------------- Net (loss)/income $ (14,156) $ 22,123 $ 70,547 --------------------------------------------------------------------- COMMON STOCK DATA Diluted EPS from continuing operations $ (.11) $ .17 $ .55 Diluted EPS (.11) .17 .55 Diluted shares 127,782 128,737 128,704 Period-end shares outstanding 126,388 126,237 125,749 Dividends declared per share $ .45 $ .45 $ .45 --------------------------------------------------------------------- BALANCE SHEET HIGHLIGHTS (PERIOD END) Total loans, net of unearned income $21,973,004 $22,382,303 $22,268,190 Total loans held for sale- divestiture(a) 565,492 -- -- Total deposits 18,635,359 21,761,683 22,491,951 Total deposits- divestiture (a) 474,809 -- -- Total assets 37,478,252 38,394,084 38,828,766 Total assets- divestiture (a) 588,115 -- -- Total liabilities 34,761,148 35,635,325 36,018,813 Total liabilities- divestiture (a) 514,198 -- -- Total shareholders' equity 2,421,827 2,463,482 2,514,676 --------------------------------------------------------------------- KEY RATIOS & OTHER Return on average assets (.15)% .23% .74% Return on average equity (2.31)% 3.57% 11.61% Net interest margin 2.87% 2.79% 2.84% Efficiency ratio 95.5% 88.0% 77.4% FTE employees 11,052 11,903 12,018 --------------------------------------------------------------------- --------------------------------------------------------------------- 3Q07 Change vs. ------------------ (Thousands) 4Q06 3Q06 2Q07 3Q06 --------------------------------------------------------------------- INCOME STATEMENT HIGHLIGHTS Net interest income $ 245,997 $ 251,621 (1)% (5)% Noninterest income 313,342 309,170 (28)% (34)% Securities (losses) /gains, net 3,002 8,757 NM NM --------------------------------------------------------------------- Total revenue 562,341 569,548 (15)% (23)% --------------------------------------------------------------------- Noninterest expense 431,630 452,899 (8)% (7)% Provision 22,983 23,694 (2)% 83 % --------------------------------------------------------------------- Pre-tax (loss)/ income 107,728 92,955 (231)% (125)% (Benefit)/provision for income taxes 31,448 25,776 142% (136)% --------------------------------------------------------------------- (Loss)/income from continuing operations 76,280 67,179 (165)% (121)% Income/(loss) from discontinued operations, net of tax 187 (69) NM NM --------------------------------------------------------------------- Net (loss)/income $ 76,467 $ 67,110 (164)% (121)% --------------------------------------------------------------------- COMMON STOCK DATA Diluted EPS from continuing operations $ .60 $ .53 (165)% (121)% Diluted EPS .60 .53 (164)% (121)% Diluted shares 127,784 127,523 (1)% * Period-end shares outstanding 124,866 124,467 * 2% Dividends declared per share $ .45 $ .45 -- -- --------------------------------------------------------------------- BALANCE SHEET HIGHLIGHTS (PERIOD END) Total loans, net of unearned income $22,104,905 $21,955,030 (2)% * Total loans held for sale- divestiture(a) -- -- NM NM Total deposits 20,213,232 25,284,541 (14)% (26)% Total deposits- divestiture (a) -- -- NM NM Total assets 37,918,259 40,076,183 (2)% (6)% Total assets- divestiture (a) -- -- NM NM Total liabilities 35,160,599 37,270,385 (2)% (7)% Total liabilities- divestiture (a) -- -- NM NM Total shareholders' equity 2,462,390 2,510,524 (2)% (4)% --------------------------------------------------------------------- KEY RATIOS & OTHER Return on average assets .77% .67% Return on average equity 12.08% 10.90% Net interest margin 2.85% 2.89% Efficiency ratio 76.8% 79.5% FTE employees 12,131 12,324 (7)% (10)% --------------------------------------------------------------------- NM - Not meaningful * Amount is less than one percent. (a) Associated with the sale of First Horizon Bank branches

First Horizon National Corporation Announces Financial Results for Third Quarter 2007