First Horizon Announces Results of its 2020 Company-Run Stress Test

MEMPHIS, Tenn., Dec. 28, 2020 (GLOBE NEWSWIRE) — First Horizon Corporation (NYSE: FHN or the “Company”) today announced the results of its 2020 Bank Holding Company-run capital stress test results which demonstrate the ability to successfully navigate periods of economic stress and maintain capital ratios well above regulatory minimums. These internal results, which utilized the 2020 Severely Adverse Scenario published by the Federal Reserve on September 17, 2020, reflect continued strong risk discipline.

“Our stress test results demonstrate the resiliency and enhanced earnings power of our more diversified business model, benefit of our countercyclical businesses and our expanded geographic presence,” said William C. Losch, Chief Financial Officer. ”Our minimum common equity tier one capital ratio of 8.2% remains well above regulatory requirements, and our stressed loss rates and pre-provision net revenue significantly outperformed the CCAR bank medians.”

The following table reflects the Company’s ending and minimum capital ratios under stress compared to the required regulatory minimums.

% Regulatory Ratio

1 2 3 4 5

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