First Horizon Corp. Files 8-K on Financials

Ticker: FHN-PH · Form: 8-K · Filed: Apr 17, 2024 · CIK: 36966

Sentiment: neutral

Topics: financial-condition, results-of-operations, disclosure

Related Tickers: FHN

TL;DR

FHN filed an 8-K on 4/17 detailing financial condition and results. No major news in excerpt.

AI Summary

First Horizon Corp. filed an 8-K on April 17, 2024, to report on its results of operations and financial condition. The filing also includes information regarding Regulation FD disclosure and financial statements and exhibits. No specific financial figures or significant events were detailed in the provided excerpt.

Why It Matters

This filing provides an update on First Horizon Corp.'s financial performance and condition, which is crucial for investors to assess the company's health and future prospects.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of financial information and does not indicate any immediate or significant risks.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing by First Horizon Corp.?

The primary purpose of this 8-K filing is to report on First Horizon Corp.'s results of operations and financial condition, as well as to provide Regulation FD disclosures and financial statements and exhibits.

When was this 8-K filing submitted by First Horizon Corp.?

This 8-K filing was submitted by First Horizon Corp. on April 17, 2024.

What is the Central Index Key (CIK) for First Horizon Corp.?

The Central Index Key (CIK) for First Horizon Corp. is 0000036966.

What is the Standard Industrial Classification (SIC) code for First Horizon Corp.?

The Standard Industrial Classification (SIC) code for First Horizon Corp. is 6021, which corresponds to NATIONAL COMMERCIAL BANKS.

Does the provided excerpt detail specific financial results or significant events?

No, the provided excerpt of the 8-K filing does not detail specific financial figures or significant events; it primarily outlines the nature of the filing and company identification.

Filing Stats: 1,418 words · 6 min read · ~5 pages · Grade level 13.4 · Accepted 2024-04-17 06:32:56

Key Financial Figures

Filing Documents

02. Results of Operations and Financial Condition

ITEM 2.02. Results of Operations and Financial Condition.

01. Regulation FD Disclosure

ITEM 7.01. Regulation FD Disclosure. Furnished as Exhibit 99.1 is a copy of the First Horizon Corporation ("FHN" or "First Horizon") First Quarter 2024 Earnings Release, released today. Furnished as Exhibit 99.2 is a copy of the Investor Slide Presentation for the quarter ended March 31, 2024, released today. 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 included in or furnished by this report 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. Although other entities may use calculation methods that differ from those used by FHN for non-GAAP measures, FHN's management believes such measures are relevant to understanding the financial condition, capital position, and financial results of FHN and its business segments. Non-GAAP measures are reported to FHN's management and Board of Directors through various internal reports. The non-GAAP measures presented in, with, or by this report are: fully taxable equivalent measures; pre-provision net revenue ("PPNR"); loans and leases, allowance for credit losses ("ACL"), and ratios excluding Loans to Mortgage Companies ("LMC"); financial measures excluding deferred compensation; return on average tangible common equity ("ROTCE"); tangible common equity ("TCE") to tangible assets ("TA"); tangible book value ("TBV") per common share; common equity tier 1 capital ("CET1") net of unrealized losses; and various consolidated results and performance measures and ratios adjusted for notable items identified in the exhibits. Reconciliations of n

Forward-Looking Statements

Forward-Looking Statements The exhibit contains 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 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements pertain 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. Forward-looking statements can be identified by the words "believe," "expect," "anticipate," "intend," "estimate," "should," "is likely," "will," "going forward," and other expressions that indicate future events and trends. 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 FHN's control, and many of which, with respect to future business decisions and actions (including acquisitions and divestitures), are subject to change and could cause FHN's actual future results and outcomes to differ materially from those contemplated or implied by forward-looking statements or historical performance. Examples of uncertainties and contingencies include those mentioned: in the exhibit; in the forepart, and in Items 1, 1A, and 7, of FHN's most recent Annual Report on Form 10-K; and in the forepart, and in Item 1A of Part II, of FHN's Quarterly Report(s) on Form 10-Q filed after that Annual Report this year. FHN assumes no obligation to update or revise any forward-looking statements that are made in this document or in any other statement, release, report, or filing from time to time. Throughout this presentation, numbers may not foot due to rounding, and references to EPS are fully diluted. FIRST HORIZON CORPORATION 2 F

01. Financial Statements and Exhibits

ITEM 9.01. Financial Statements and Exhibits. (d) Exhibits Each of the following Exhibits 99.1 and 99.2, 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 First Quarter 2024 Earnings Release 99.2 First Horizon Corporation Investor Slide Presentation for the quarter ended March 31, 2024 104 Cover Page Interactive Data File, formatted in Inline XBRL FIRST HORIZON CORPORATION 3 FORM 8-K CURRENT REPORT 04/17/2024

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRST HORIZON CORPORATION (Registrant) Date: April 17, 2024 By: /s/ Hope Dmuchowski Hope Dmuchowski Senior Executive Vice President—Chief Financial Officer (Duly Authorized Officer and Principal Financial Officer) FIRST HORIZON CORPORATION 4 FORM 8-K CURRENT REPORT 04/17/2024

View Full Filing

View this 8-K filing on SEC EDGAR

View on Read The Filing