ITEM 7.01. Regulation FD Disclosure.
Furnished as Exhibit 99.1 is a copy of the
Furnished as Exhibit 99.2 is a copy of the Investor Slide Presentation for the
quarter ended
Exhibits 99.1 and 99.2 are furnished pursuant to Item 2.02, "Results of Operations and Financial Condition" and Item 7.01, "Regulation FD Disclosure." The exhibits speak as of the date thereof and FHN does not assume any obligation to update in the future the information therein.
Use of Non-GAAP Measures and Regulatory Measures that are not GAAP in the Exhibits
Certain measures are included in the exhibits that are "non-GAAP," meaning
(under
Presentation of regulatory measures, some of which follow regulatory definitions
rather than GAAP, provides a meaningful base for comparability to other
financial institutions subject to the same regulations as FHN. Such measures are
used by the various banking regulators in reviewing the performance, stability,
and capital adequacy of financial institutions they regulate. Although not GAAP
terms, these regulatory measures are not considered "non-GAAP" under
The non-GAAP measures presented in the exhibits include: pre-provision net
revenue ("PPNR"); return on average tangible common equity ("ROTCE"); tangible
common equity ("TCE") to tangible assets ("TA"); tangible book value ("TBV") per
common share; and various consolidated results and performance measures and
ratios adjusted for notable or unusual items identified in the exhibits.
Additionally, certain combined historical information has been presented in the
Investor Slide Presentation. This combined financial information adds together
historical unaudited information from legacy FHN and legacy IBKC, adjusted for
notable items, but without any adjustments, eliminations, or analysis required
by GAAP purchase accounting or the
Reconciliations of non-GAAP to GAAP measures and presentation of the most comparable GAAP items are presented near the end (immediately before the Glossary) of the Earnings Release and at the end of the Investor Slide Presentation.
Forward-Looking Statements
This communication contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21 E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act") with respect to FHN's beliefs, plans, goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results or other developments. The words "believe," "expect," "anticipate," "intend," "estimate,"
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"should," "is likely," "will," "going forward" and other expressions that indicate future events and trends identify forward-looking statements.
Forward-looking statements are necessarily based upon estimates and assumptions
that are inherently subject to significant business, operational, economic and
competitive uncertainties and contingencies, many of which are beyond the
control of FHN, and many of which, with respect to future business decisions and
actions, are subject to change and which could cause actual results to differ
materially from those contemplated or implied by forward-looking statements or
historical performance. Examples of uncertainties and contingencies include
factors previously disclosed in FHN's respective reports filed with the
FHN cautions that the foregoing list of important factors that may affect future
results is not exhaustive. Additional factors that could cause results to differ
materially from those contemplated by forward-looking statements can be found in
FHN's annual report on Form 10-K for the year ended
ITEM 9.01. Financial Statements and Exhibits.
(d)Exhibits
The following Exhibit 99.1, furnished pursuant to Items 2.02 and 7.01, is not to be considered "filed" under the Securities Exchange Act of 1934, as amended ("Exchange Act"), and shall not be incorporated by reference into any of FHN's previous or future filings under the Securities Act of 1933, as amended, or the Exchange Act. Exhibit # Description 99.1 First Horizon Corporation Fourth Quarter 2020 Earnings Release First Horizon Corporation Investor Slide Presentation for the quarter 99.2 endedDecember 31, 2020 104 Cover Page Interactive Data File, formatted in Inline XBRL
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