First Horizon Corporation · NYSE:FHN
First Horizon — Investor Day (June 2023)
14 slides from First Horizon's investor day presentation, Jun 6, 2023
Slide 1: First Horizon Investor Day 2023
PS = 20 Purpose driven (am) oF : = Client centered HORIZON Z Value focused —
Slide 2: Disclaimers
Disclaimers Non-GAAP Information Certain measures included in this document are “non-GAAP,” meaning they are not presented in accordance with generally accepted accounting principles in the U.S. and also are not codified in U.S. banking regulations currently applicable to FHN. Non-GAAP measures are
Slide 3: Regional Banking: The Foundation of our Business
Regional Banking The Foundation of our Business
Slide 4: Strong foundation for success
Strong foundation for success Provide Capital + Counsel through advice-driven client engagement • 417 Banking Centers located across 12 higher growth states Who • Provide large bank capabilities with client-centric delivery of a community bank to ~1 million clients we are • Full relationship focus w
Slide 5: Regional banking model with history of success
Regional banking model with history of success Demonstrated pre-provision net revenue growth founded on a strong balance sheet Pre-provision net revenue1 Period-end loans Period-end deposits ($s in millions) ($s in billions) ($s in billions) $1,504 $41.6 $42.3 $67.7 $40.3 $37.9 $0.1 $61.6 $3.8 $1.0
Slide 6: Opportunity to grow with communities we serve
Opportunity to grow with communities we serve Well positioned in higher-growth markets to deliver strong results 2.6x 4.0x GDP growth vs population growth national average1 vs national average2 70+ new producers hired since January 2022, primarily in higher-growth markets Projected population CAGR T
Slide 7: Strong market share
Strong market share Our top MSAs are located in attractive southern markets Avg. Deposits Market Market % of Total Memphis, TN New Orleans, LA Nashville, TN Deposits Branches per Branch Rank Share FHN Franchise MSA ($Bn) (No.) ($MM) (No.) (%) (%) Memphis, TN 13.4 32 420 1 32.1 18.7 Miami, FL 7.8 28
Slide 8: Retaining and investing in talent
Retaining and investing in talent Strong retention and tenure of bankers results in high client retention and deeper relationships Stable leadership Experience at all levels Average tenure: 100% 99% retention of retention in top two Tellers 7 years Regional Presidents1 tiers across markets1 Relation
Slide 9: Client-centric strategy
Client-centric strategy Our client-centric approach is at the center of all we do and delivers long-lasting, balanced relationships Our approach The results Relationship focus and trusted advisor • People-led, technology enabled • Deliver Capital + Counsel via team-based expertise Strong retention a
Slide 10: Attractive deposit franchise
Attractive deposit franchise Well-diversified deposit base with strong client retention and good momentum Well positioned in higher- Diversified funding mix Stable client base growth markets 2/3rds of total deposits are in $0.5B MSAs where FHN has top 5 25% 26% market share $6.3B $23.0B $1.0B $0.6B
Slide 11: Higher-quality, diversified loan portfolio
Higher-quality, diversified loan portfolio There for clients’ personal and business needs across all life stages Geographically diversified portfolio High quality loan mix Serving clients across multiple segments Enterprises of $25-$500 million in Commercial annual sales, with a target of $50- $0.1B
Slide 12: Treasury & Wealth Management expertise
Treasury & Wealth Management expertise Teams partner with commercial bankers to deliver value for clients while driving fee income and deposit growth Treasury Management Wealth Management AUM/AUA Growth $138 million +18,000 ($s in billions) in fee income treasury management CAGR clients (1Q23 annual
Slide 13: Invested in communities
Invested in communities Commitment to continuously care for communities — through all economic cycles — has always been part of our strategy and embedded in our core values $23 million 24,585 hours served $857 million1 invested by First Horizon Foundations By 1,083 associates participating in 8,678
Slide 14: Sustainable and successful model
Sustainable and successful model Recognized by clients, associates and independent evaluators as a great place to bank and work BANK DIRECTOR 14