FHN - First Horizon Corporation: A Historic Bank At A Discount
2024-05-21 11:14:15 ET
Summary
- First Horizon, a Tennessee-based bank, has 160 years of experience and is well-equipped to handle the current macroeconomic environment.
- Net interest income is recovering strongly, and guidance for 2024 is positive, indicating potential growth for the bank.
- The bank's assets are repricing favorably, and the cost of deposits has stabilized, leading to improved profitability and potential for shareholder remuneration.
The year 2024 represents First Horizon's ( FHN ) 160th year since its inception. The well-known Tennessee-based bank has been through every economic cycle, from the most positive to the most negative. There is certainly no shortage of experience, and it will help in coping with the current macroeconomic environment....
First Horizon Corporation: A Historic Bank At A Discount