First Horizon Enhances Financial Insight with Non-GAAP Measures

First Horizon (FHN) has released an update to notify the public and investors about a regulation fd disclosure.

The report from FHN incorporates non-GAAP financial measures alongside regulatory measures not defined by GAAP but are important for understanding FHN’s financial condition and results. Non-GAAP measures such as fully taxable equivalent measures, pre-provision net revenue, and various performance ratios provide insight into FHN’s operations and are used internally by management and the Board of Directors. These non-GAAP measures, as well as reconciliations to their closest GAAP counterparts, are detailed towards the end of the exhibits provided. Additionally, regulatory measures like common equity tier 1 capital and risk-weighted assets, while not GAAP, offer a standardized basis for comparing capital adequacy with other institutions, conforming to regulatory presentations and are used by banking regulators.

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