First Horizon Sells $4.5B in Mortgages
First Horizon agreed to sell $4.5 billion in lower-yielding consumer mortgages to overhaul its balance sheet. The regional lender expects the strategic move to improve profitability and support future share buybacks.
Xurve View
Insights:
Xurve View
First Horizon Corp will sell $4.5B in lower-yielding consumer mortgages, cutting low-return assets to lift earnings. The transaction marks a structural overhaul for the regional lender following a third-quarter loss. The portfolio realignment aims to expand net interest margins and fuel future share buybacks.
