FIRST HORIZON CORP
Quality Scores
AI Summary
First Horizon Corp (FHN) is a significant regional banking entity that underwent a massive scale shift following its 2020 merger with IBERIABANK, followed by a period of operational complexity due to the terminated acquisition by TD Bank. The business has successfully transitioned from a $28B asset base in 2016 to over $83B in 2025, reflecting a substantial inorganic growth trajectory. While net income has trended upward over the decade, reaching nearly $1B in recent periods, the business remains sensitive to the interest rate environment and regional credit dynamics. Current operations…
Top Opportunities
- Successful integration of IBERIABANK in 2020
- Strong CET1 capital ratio above regulatory requirements
- Diversified revenue stream including fixed income and mortgage
Top Risks
- Significant regulatory hurdle evidenced by TD merger failure
- Increased cost of deposits impacting Net Interest Margin (NIM)
- High exposure to commercial real estate (CRE) in suburban markets
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