Regional banks have spent 2026 rebuilding the credibility they lost in 2023, when panicked customers withdrew large sums of money.
The Federal Reserve’s interest rate cuts have eased the funding costs, and loan growth is picking up again across the Southeast and Mid-South regions
First Horizon Corporation (NYSE:FHN), the Memphis-based lender, which benefits directly from this regional banking recovery, just got a very public nudge from Jim Cramer – the Mad Money host. In the lightning round on July 27, Jim endorsed First Horizon, calling it “a terrific stock, very inexpensive”. I think it’s a terrific stock, very inexpensive.
I think you should buy it. Cramer’s call on the stock comes two weeks after First Horizon released its second quarter results. The print indicated net income of $260 million, up 12% year-over-year, and EPS of $0.54, beating the $0.53 consensus by a penny.