Call Start: 09:30 January 1, 0000 10:30 AM ET First Horizon National Corporation (NYSE:FHN) Q1 2021 Earnings Conference Call April 21, 2021 09:30 ET Company Participants Ellen Taylor - Head of Investor Relations Bryan Jordan - Chief Executive Officer BJ Losch - Chief Financial Officer Susan Springfield - Chief Credit Officer Conference Call Participants Brady Gailey - KBW Michael Rose - Raymond James Jared Shaw - Wells Fargo Christopher Marinac - Janney Montgomery Scott Jennifer Demba - Truist Securities Br ...

First Quarter 2021 Earnings April 21, 2021 Disclaimer 2 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. FHN's management believes such measures, even though not always comparable to non-GAAP measures used by other financial institutions, are relevant to understanding the financial condition, c ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 - or - ☐TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SECURITIES EXCHANGE ACT OF 1934 For the Transition period from __________ to__________ Commission File Number: 001-15185 ST HORIZ FIRST HORIZON CORPO ...

First Horizon National Corporation (NYSE:FHN) Q4 2020 Earnings Conference Call January 22, 2021 9:30 AM ET Company Participants Ellen Taylor - Head, IR Bryan Jordan - CEO BJ Losch - CFO Susan Springfield - Chief Credit Officer Conference Call Participants Ebrahim Poonawala - Bank of America Merrill Lynch Jared Shaw - Wells Fargo Jennifer Demba - Truist Securities Ken Zerbe - Morgan Stanley Brock Vandervliet - UBS Brady Gailey - KBW Michael Rose - Raymond James John Pancari - Evercore Steven Alexopoulos - JP ...

Fourth Quarter 2020 Earnings January 22, 2021 Disclaimer 2 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, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. This presentation also includes certain non ...

| --- | --- | |--------------------------------------------------------|-------| | | | | | | | Goldman Sachs 2020 US Financial Services Conference | | | December 9, 2020 Bryan Jordan, Chief Executive Officer | | Disclaimer 2 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, pro ...

Financial Performance - Net income available to common shareholders for Q3 2020 was $523.3 million, or $0.95 per diluted share, compared to $109.5 million, or $0.35 per diluted share in Q3 2019[448]. - For the nine months ended September 30, 2020, net income available to common shareholders was $587.7 million, or $1.50 per diluted share, compared to $317.9 million, or $1.00 per diluted share for the same period in 2019[454]. - Total revenue increased 95% to $756.4 million in the third quarter of 2020 from $388.4 million in the third quarter of 2019[468]. - Total revenue for the nine months ended September 30, 2020, was $1.6 billion, compared to $1.4 billion for the same period in 2019[507]. - Net income for the period was $612.2 million, with an increase in AOCI of $99.1 million[561]. Mergers and Acquisitions - The IBKC merger, valued at $2.5 billion, was completed on July 1, 2020, resulting in a purchase accounting gain of $532.2 million[447]. - First Horizon Bank acquired 30 branches from Truist Bank on July 17, 2020, assuming approximately $2.2 billion in branch deposits[447]. - The company issued $2.5 billion in equity related to the IBKC merger, contributing to the capital increase[561]. Income and Expenses - Net interest income increased by 77% to $532.4 million in Q3 2020, primarily due to the IBKC merger and Truist branch acquisition[449]. - Noninterest income rose by $651.2 million to $822.9 million in Q3 2020, driven by a $532.2 million preliminary purchase accounting gain from the IBKC merger[451]. - Noninterest expense increased by 90% to $587.0 million in Q3 2020, which included $116 million in merger-related costs[452]. - Noninterest expense increased 34% to $768.9 million for the nine months ended September 30, 2020, primarily due to the inclusion of IBKC[473]. - Personnel expense increased to $329.4 million in Q3 2020, up 97% from $167.0 million in Q3 2019, driven by higher headcount from the IBKC merger[522]. Credit Losses and Provisions - Provision for credit losses totaled $227.0 million in Q3 2020, up from $14.4 million in Q3 2019, largely due to non-PCD loans from the IBKC merger and the impact of COVID-19[450]. - Provision for credit losses was $502.4 million for the nine months ended September 30, 2020, a significant increase from $36.3 million in the same period of 2019[456]. - The provision for loan losses was $51.8 million for the quarter, reflecting the impact of the COVID-19 pandemic[596]. - The total allowance for loan and lease losses (ALLL) increased to $988.1 million as of September 30, 2020, from $200.3 million on December 31, 2019[616]. Asset and Liability Management - Average assets increased to $57.8 billion for the nine months ended September 30, 2020, up from $41.4 billion in the same period of 2019[458]. - Period-end assets increased to $83.0 billion, up from $43.3 billion at December 31, 2019, primarily due to the IBKC merger and Truist branch acquisition[539]. - Period-end loans and leases rose by $28.6 billion, or 92%, to $59.7 billion as of September 30, 2020, driven by $26.3 billion in acquired loans and PPP lending[542]. - Period-end deposits increased to $68.4 billion on September 30, 2020, from $32.4 billion at December 31, 2019, largely due to the IBKC merger and Truist branch acquisition[551]. Capital Ratios and Equity - Common equity tier 1 ratio was 9.21% at September 30, 2020, compared to 9.20% at December 31, 2019[563]. - Total regulatory capital reached $7.77 billion as of September 30, 2020, up from $4.15 billion at December 31, 2019[563]. - Period-end equity increased to $8.1 billion as of September 30, 2020, up $3.1 billion from December 31, 2019[561]. - FHN's Tier 1 capital ratio improved to 10.25% as of September 30, 2020, from 10.15% at December 31, 2019[563]. Loan Quality and Performance - The nonperforming loan (NPL) ratio increased to 0.63% of C&I loans as of September 30, 2020, up from 0.37% as of December 31, 2019[587]. - Nonperforming loans increased by $94.4 million to $180.1 million as of September 30, 2020, with the NPL ratio rising to 1.46%[609]. - The allowance for loan and lease losses increased to $265.4 million as of September 30, 2020, up from $28.4 million at year-end 2019, representing an increase of 169 basis points to 2.15% of loans[609]. - The C&I allowance for loan and lease losses (ALLL) increased by $366.6 million to $489.1 million as of September 30, 2020, primarily due to economic uncertainty from the COVID-19 pandemic[584]. Economic Impact and Outlook - The company continues to monitor the impact of the COVID-19 pandemic on its operations and financial markets[435]. - Economic uncertainty due to the COVID-19 pandemic may impact future trends in the consumer real estate portfolio[602]. - The current expectation of losses from potential problem assets has been included in management's analysis for assessing the adequacy of the allowance for loan and lease losses[631].

First Horizon National Corporation (NYSE:FHN) Q3 2020 Earnings Conference Call October 23, 2020 9:30 AM ET Company Participants Ellen Taylor - Head, IR Bryan Jordan - Chief Executive Officer William Losch - Chief Financial Officer Susan Springfield - Chief Credit Officer Conference Call Participants Jared Shaw - Wells Fargo Ebrahim Poonawala - Bank of America Steven Alexopoulos - JPMorgan Brock Vandervliet - UBS John Pancari - Evercore Ken Zerbe - Morgan Stanley Brady Gailey - KBW Christopher Marinac - Jann ...

Third Quarter 2020 Earnings October 23, 2020 3Q20 GAAP financial summary Reported 3Q20 Change vs. | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------|-------|--------|-------|--------|-------|-------|--------|-------|-------|---------|-------|--------|--------|------------------------------------------|-----------|-------|-------------------------------------|-------| | $ in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-15185 ____________________________________ First Ho ...