First Horizon Corporation · NYSE:FHN
First Horizon — BancAnalysts Association of Boston Conference 2020
8 slides from First Horizon's conference presentation, Nov 6, 2020
Slide 1: BancAnalysts Association of Boston Conference
BancAnalysts Association of Boston Conference November 6, 2020 William Losch, Chief Financial Officer Anthony Restel, Chief Operating Officer
Slide 2: Disclaimer
Disclaimer Portions of this presentation use non-GAAP financial information. Each of those portions is so noted, and a reconciliation of that non-GAAP information to comparable GAAP information is provided in a footnote or in the appendix at the end of this presentation. Annualized, pro forma, proje
Slide 3: Well positioned to deliver attractive long-term performance
Well positioned to deliver attractive long-term performance Premier Southern-Based Complementary Market Diversified Business Bank Position Mix • Premier Southern banking • Strengthens competitive position in • Well-diversified revenue mix institution with $83B in assets high-growth, attractive marke
Slide 4: Business model well positioned to navigate industry headwinds
Business model well positioned to navigate industry headwinds Industry Headwind FHN Relative Positioning Macroeconomic • Expanded presence in 11 highly attractive southern states uncertainty & ultra- • More diversified product and revenue mix with countercyclical businesses low rates Reduction in ov
Slide 5: 3Q20 highlights and key messages
3Q20 highlights and key messages Deposits Net Loans Revenue ROTCE1 Efficiency Ratio NIM CET1 $68.4B $58.7B $1.36B 37.8% 43.3% 2.84% 9.21% Reported Reported Reported Reported Reported Reported Reported $823M 13.9% 57.3% Adjusted2 Adjusted2 Adjusted2 • Expect 4Q20 reported NII and NIM to be down low-s
Slide 6: Key takeaways
Key takeaways Well-positioned to capitalize on the benefits of our more diversified business model and expanded franchise in attractive Southern markets • Diversified revenue mix with countercyclical businesses helping to mitigate pressure from low rates • Uniquely positioned to deliver significant
Slide 7: Appendix
“APPENDIX 7|\ BS
Slide 8: Notable items & reconciliation to GAAP financials
Notable items & reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. $s in millions 3Q20 IBKC merger-related notable items $s
First Horizon — BancAnalysts Association of Boston Conference 2020 on 6ix