...Recent Upgrade: Fitch Ratings upgraded First Horizon National Corporation's (FHN, or the company) Long-Term IDR to `BBB/Stable' from `BBB¡/Positive' in January 2019. The upgrade reflects improvements in FHN's core operating performance and a reduced risk appetite that Fitch expects will result in more stable asset quality performance in the future. Leading Deposit Market Share: FHN's bank subsidiary, First Tennessee Bank (FTBNA), holds the leading deposit market share in Tennessee with 16% of total deposits as of June 30, 2018 and a growing presence in the company's other key operating markets, in part due to recent acquisitions. Fitch considers this franchise presence strong for a bank of its size. Solid Revenue Mix: FTN Financial (FTN), FHN's niche capital markets business, provides the overall company with solid revenue mix. FTN's franchise is strong in the community bank space, evidenced by relationships with approximately half of all U.S. banks with investment portfolios over $100...
