Mad Money host Jim Cramer endorsed regional bank First Horizon (FHN) on July 27, calling it "a terrific stock, very inexpensive." This follows the bank's Q2 results, which showed a 20% year-over-year growth in adjusted earnings per share (EPS) to $0.54, beating consensus estimates. However, analysis suggests the stock, currently trading near $25.40 and up 13.14% over the past year, is no longer cheap, trading 10% above its 10-year average tangible book value.