How First Horizon Will Approach M&A
As Memphis, Tenn.-based First Horizon National continues to grow, the financial institution's top executive on Friday said it will look for acquisition opportunities "at the right time and at the right price."
"We're going to be disciplined about it," CEO Bryan Jordan told Cramer on "Mad Money." "Doing a deal and growing through acquisition and putting our capital to work that way is important, but it doesn't take precedence to our desire to create value for our shareholders."
Any acquisitions will also have to build the franchise in the long-term, Jordan added. In the meantime, Jordan said the regional bank is taking share and growing its number of locations across the Southeast.
The 49-year-old executive also commented on the financial institution's latest earnings results and its future prospects, too. Watch the video to see the complete conversation.
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