Like so many other banks, Tennessee’s First Horizon (FHN) committed ample sins during the housing boom, and the path of penance has been long and difficult. While there are still some financially significant potential liabilities left here, patient deep-value investors should give this small regional bank a serious look.
Q3 Was Not *That* Bad
It is hard to say that First Horizon had a good quarter, but the Street has seemingly been looking for problems here for a while. Consequently, it would be par for the course if the emphasis was on what was wrong with the quarter.
To read more, click the link below:
First Horizon Getting No Benefit Of The Doubt
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