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There's been a lot of M&A activity in the banking industry the past few months. Lost in the shuffle, perhaps, was a sizable merger among regional banks, as First Horizon National(NYSE: FHN) announced a deal to combine with Iberiabank(NASDAQ: IBKC) in November.
First Horizon may not have grabbed the headlines, but it's been steadily adding scale through acquisitions. And with a diversified revenue stream and low price-to-earnings ratio, it's a good value stock that you should consider for your portfolio.
First Horizon has been active on the M&A front. Image source: Getty Images.