...Ratings Affirmed: First Horizon Corporation's (FHN) ratings reflect its franchise strength, consistent earnings and solid asset quality. The Stable Rating Outlook reflects Fitch Ratings' expectations that FHN's earnings will remain stable and loan losses will remain low. Fitch expects FHN's investments in its wealth and treasury management functions to support its franchise and earnings stability over the medium term. Top Core Market Deposit Share: FHN has maintained the largest market share of deposits in Tennessee, where it is headquartered. It also operates across the Southeast and ranks among the top 10 banks by deposit market share in Louisiana and North Carolina. Fitch expects FHN's further branch expansion in North Carolina to support its franchise. Acquisitions have helped FHN grow, but Fitch expects future growth to be organic. Countercyclical Business Mix: FHN's balance sheet is asset sensitive due to its exposure to floating-rate loans, although the company's fee-based and countercyclical...
