- After significant loan loss reserve releases in 2021, the net provision reversal will likely decline next year.
- Economic growth will likely counter the impact of Paycheck Protection Program forgiveness on the total loan portfolio size.
- A rising interest-rate environment will support the margin, while a deteriorating asset mix will constrain it.
- The December 2022 target price suggests a high upside from the current market price. Further, FHN is offering a decent dividend yield.
For further details see:
First Horizon: Net Interest Income Growth To Counter Lower Net Provision Reversals