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): January 27, 2009

First Horizon National Corporation

(Exact Name of Registrant as Specified in Charter)

TN	001-15185	62-0803242
(State or Other Jurisdiction	(Commission File Number)	(IRS Employer
of Incorporation)		Identification No.)

165 MADISON AVENUE
MEMPHIS, TENNESSEE	38103
(Address of Principal Executive Office)	(Zip Code)

Registrant's telephone number, including area code - (901) 523-4444

(Former name or former address, if changed from 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:

[ ]	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 7.01 Regulation FD Disclosure.

First Horizon revises net loss available to common shareholders and earnings per share

FHN management has reviewed industry presentations of the preferred stock dividends related to the U.S. Treasury Capital Purchase Program (CPP) and has determined to revise the net loss available to common shareholders and earnings per share presentations for the three and twelve months ended December 31, 2008, previously released on January 16, 2009. In order to reflect the cumulative nature of the CPP preferred, First Horizon will reflect the accumulated portion of the quarterly dividend attributable to the period the shares were outstanding in 2008 as an adjustment to net loss available to common shareholders and diluted earnings per share. Although the accumulated dividends are presented as an adjustment to 2008 earnings per share, consistent with First Horizon’s internal policy, the quarterly preferred dividends were actually accrued when declared by the board of directors in the first quarter of 2009. As a result, the effect of this revision will only impact the earnings per share items noted below. The attached revised table reflects the updated return on average common equity ratio (ROE) due to the income statement presentation adjustment. Previously released balance sheet items and capital ratios are unaffected by this revision.

Revised net loss available to common shareholders for the fourth quarter 2008 is $63.1 million or $.31 per diluted share. For the twelve months ended December 31, 2008, revised net loss available to common shareholders is $199.4 million or $1.10 per diluted share. Previously released net loss was $55.7 million or $.27 per diluted share for the fourth quarter 2008 and $192.0 million or $1.06 per diluted share for the twelve months ended December 31, 2008. The revised financial results are summarized in the table presented as an exhibit to Item 9.01 to this Form 8-K. There is no public announcement of the new information in this Report, including its exhibit, other than this Report.

This report, including its exhibit, contains forward-looking statements involving significant risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking information. Those factors include general economic and financial market conditions, including expectations of and actual timing and amount of interest rate movements including the slope of the yield curve, competition, customer and investor responses to these conditions, ability to execute business plans, geopolitical developments, natural disasters, and items already mentioned in this report, as well as critical accounting estimates and other factors described in First Horizon’s recent filings with the SEC. First Horizon disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements included herein or therein to reflect future events or developments.

Item 9.01 Financial Statements and Exhibits

The following exhibit is furnished pursuant to Item 7.01, 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	Revised Summary Quarterly Results

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

(Registrant)

Date: January 27, 2009	By: /s/ James F. Keen
	Name: James F. Keen
	Title: Executive Vice President and

Chief Accounting Officer

EXHIBIT INDEX

EX-99.1 Revised Summary Quarterly Results

													EXHIBIT 99.1


REVISED SUMMARY QUARTERLY RESULTS
Quarterly, Unaudited

																4Q08 Change vs.
(Thousands)		4Q08			3Q08			2Q08			1Q08			4Q07			3Q08			4Q07
Income Statement Highlights
Net interest income	$	204,948		$	223,147		$	238,895		$	228,092		$	225,987			(8	)%		(9	)%
Noninterest income		336,672			305,383			400,018			383,130			103,429			10	%		226	%
Securities gains/(losses), net		1,346			(210	)		(972	)		65,946			(10,442	)	NM			NM
Total revenue		542,966			528,320			637,941			677,168			318,974			3	%		70	%
Noninterest expense		349,658			402,274			465,843			438,277			561,559			(13	)%		(38	)%
Provision		280,000			340,000			220,000			240,000			156,519			(18	)%		79	%
Pre-tax income/(loss)		(86,692	)		(213,954	)		(47,902	)		(1,109	)		(399,104	)		59	%		78	%
Benefit for income taxes		(30,988	)		(88,859	)		(28,821	)		(8,146	)		(146,342	)		65	%		79	%
Income/(loss) from continuing operations		(55,704	)		(125,095	)		(19,081	)		7,037			(252,762	)		55	%		78	%
Income from discontinued operations, net of tax		-			-			-			883			4,137			-			(100	)%
Net income/(loss)		(55,704	)		(125,095	)		(19,081	)		7,920			(248,625	)		55	%		78	%
Preferred stock dividends		7,413			-			-			-			-		NM			NM
Income/(loss) from continuing operations available to common shareholders		(63,117	)		(125,095	)		(19,081	)		7,920			(248,625	)		50	%		75	%
Net Income/(loss) available to common shareholders		(63,117	)		(125,095	)		(19,081	)		7,920			(248,625	)		50	%		75	%
Common Stock Data
Diluted EPS from continuing operations available to common shareholders (a)	$	(0.31	)	$	(0.61	)	$	(0.11	)	$	0.05		$	(1.91	)		49	%		84	%
Diluted EPS available to common shareholders (a)		(.31	)		(.61	)		(.11	)		.06			(1.88	)		49	%		84	%
Diluted shares (a)		204,882			204,880			180,186			132,938			132,336			*			55	%
Period-end shares outstanding (a)		205,283			205,837			205,994			133,639			133,218			*			54	%
Dividends declared per share (b)	NM (c)			NM (d)			$	0.19	(e)	$	0.19	(e)	$	0.43	(e)	NM			NM
Balance Sheet Highlights (Period End)
Total loans, net of unearned income	$	21,278,190		$	21,601,898		$	22,225,232		$	21,932,020		$	22,103,516			(1	)%		(4	)%
Total loans held for sale-divestiture		-			-			-			207,672			289,878			-			(100	)%
Total deposits		14,241,814			13,778,235			15,093,947			16,188,542			17,032,285			3	%		(16	)%
Total deposits-divestiture		-			-			296,632			118,720			230,418			-			(100	)%
Total assets		31,021,980			32,804,376			35,549,961			37,267,945			37,015,461			(5	)%		(16	)%
Total assets-divestiture		-			-			395,628			216,431			305,734			-			(100	)%
Total liabilities		27,447,348			29,931,458			32,557,238			34,860,441			34,584,588			(8	)%		(21	)%
Total liabilities-divestiture		-			-			298,098			120,590			232,343			-			(100	)%
Total shareholders' equity		3,279,467			2,577,641			2,697,446			2,112,227			2,135,596			27	%		53	%
Key Ratios & Other
Return on average assets		(.71	)%		(1.49	)%		(.21	)%		.09	%		(2.65	)%
Return on average common equity		(9.29	)%		(18.30	)%		(3.02	)%		1.47	%		(42.52	)%
Net interest margin		2.96	%		3.01	%		3.01	%		2.81	%		2.77	%
Efficiency ratio		64.4	%		76.1	%		73.0	%		64.7	%		176.1	%
Book value per common share (a)	$	12.13		$	12.52		$	13.09		$	15.81		$	16.03
Tangible book value per common share (a)	$	10.98		$	11.36		$	11.92		$	13.98		$	14.16
FTE employees		6,095			6,195			9,386			9,711			10,174			(2	)%		(40	)%
NM - Not meaningful
* Amount is less than one percent.
Certain previously reported amounts have been reclassified to agree with current presentation.
(a) Shares restated for October 1, 2008 and January 1, 2009 stock dividends.
(b) Third and fourth quarter 2008 dividend declared paid in shares.
(c) Stock dividend rate of 1.837% per share.
(d) Stock dividend rate of 3.0615% per share.
(e) Cash dividends per share restated for October 1, 2008, and January 1, 2009, stock dividends.