First Horizon National Corporation’s (FHN) earnings plunged to $0.04 per share in the first quarter due to a hike in provision expense. Earnings in the remainder of the year will likely recover due to lower provision expense compared to the first quarter. Acquisition of IBERIABANK and branches of Truist Bank will also support earnings this year. Nevertheless, earnings per share for the remainder of 2020 will likely remain below the 2019 level due to higher than normal provision expense. FHN will need to adjust upwards its reserves for loan losses because the unemployment