Turning to the company's stock buyback program, Jordan said First Horizon continues to drive returns for share holders. He said the bank has bought back $135 million worth of stock and sees a boost to its dividend in the future. As for loan growth, Jordan predicted only modest loan growth consistent with an economy growing at 2% to 3% in 2013.
Cramer said he remains a believer in First Horizon and said that as housing picks up, loan growth will as well.
Shares of Krispy Kreme (KKD - Get Report) have been on fire of late, up 75% over the past two months. But have investors missed the move? Cramer said not a chance -- he thinks shares can hit at least $14 a share with ease.
Cramer said Krispy Kreme is giving investors two ways to win. The first is the possibility of a takeover. He said similar takeovers have been going for a 30% premium, which would value Krispy Kreme at 29 times earnings, or a whopping $16.24 a share.But even without a takeover, Cramer said the coffee and donut chain is still a worthwhile investment. After a checkered past, the company has now delivered positive same-store sales for 16 consecutive quarters, most recently delivering a 6.8% boost in sales. The company also delivered a four-cent-a-share earnings beat with better-than-expected revenues and upside guidance to boot. Cramer reminded viewers that Wall Street loves growth and Krispy Kreme is continuing to grow its 744-store count, both domestically and abroad. He said the stock remains cheap compared to Dunkin Brands (DNKN), which trades at 23 times earnings with a 17% growth rate, and Starbucks (SBUX), which trades at 21 times earnings with an 18% growth rate.