RUNNING A MARATHON: "We have some additional work to do, but the passage of time helps to resolve things," says Bryan Jordan, First Horizon's chairman, president and CEO. "Below the surface the vast majority of what we've been doing has involved building the banking franchise and our fixed-income business to position ourselves for the long term."

Why First Horizon Is a Compelling Example of Will Power

Big banks can afford mega-settlements to solve their woes, but First Horizon National in Tennessee has to fix itself the old-fashioned way: slow cleaning up of its mortgage mess, opportunistic acquisitions, opening loans offices and, oh yes, begging investors for a few more years of patience.

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