Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
In an "Executive Decision" segment, Cramer sat down with Bryan Jordan, chairman, president and CEO of First Horizon National (FHN) - Get Report , the Tennessee-based regional bank that just posted a three-cents-a-share earnings beat with net interest margins up 52 basis points.
Jordan first confirmed that the sky will not be falling once the 10-year Treasury hits 3%, as many bears would have you believe. He said that investors have equated rising rates with an economic slowdown, but that's not what First Horizon has been seeing. His bank is seeing good customer activity across the board.
A steepening yield curve is the natural result of rising interest rates, Jordan added, and banks do better when the yield curve steepens.
When asked what driving the economic activity, Jordan said that deregulation is having an impact, and the December tax reforms are also starting to kick in as well -- all of which makes him very optimistic about the next three to six months and beyond.
Shares of First Horizon Nationals are up 3.2% for the year.
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