First Horizon's 2024 Capital Stress Test Shows Strong Resilience With CET1 Ratio At 9.5%, 500 BPS Above Regulatory Minimum; Reflects Diversified Loan Portfolio And Strong Risk Culture
Portfolio Pulse from Benzinga Newsdesk
First Horizon's 2024 capital stress test results show a strong resilience with a CET1 ratio of 9.5%, which is 500 basis points above the regulatory minimum. This reflects the company's diversified loan portfolio and strong risk culture.
July 30, 2024 | 8:59 pm
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First Horizon's 2024 capital stress test results indicate a strong financial position with a CET1 ratio of 9.5%, significantly above the regulatory minimum. This demonstrates the company's robust risk management and diversified loan portfolio.
The strong CET1 ratio, which is 500 basis points above the regulatory minimum, indicates that First Horizon is well-capitalized and has a solid risk management framework. This positive result is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100