10/12/2023 0 Comments First horizon bankThese positions and plans are regularly reviewed through the most senior levels of the organization, including executive management and the Board of Directors. Our liquidity position (including borrowing arrangements), and our capital position (including stress test results), are crucial parts of First Horizon’s cash management and capital planning. First Horizon has prudent financial governance We also are encouraged that our strong credit underwriting and countercyclical businesses, such as our FHN Financial Fixed Income business, help to maintain a solid capital foundation through volatile financial conditions. The stress test assumed an economic scenario where unemployment is high, the economy experiences a rapid recession, and asset prices fall quickly and severely. Our 2019 stress test indicated that First Horizon is able to maintain more than adequate capital levels in a period of extreme economic stress. On the capital side, First Horizon conducts annual stress tests to ensure the company is able to maintain sufficient financial strength to meet client needs through an adverse financial cycle. Also, if needed, we have access to significant additional liquidity from the Federal Reserve and the Federal Home Loan Bank. These net deposit inflows increase our cash levels and reduce our need for borrowing. While cash ebbs and flows daily, in March we have seen deposits grow as clients seek financial safety. Capital, which is a regulatory measure of the bank’s ability to withstand economic downturns.įirst Horizon has a robust and stable deposit baseįirst Horizon has a balanced mix of consumer and commercial deposits, with 91% of total deposits classified as core deposits.Liquidity, which is the bank’s cash reserves and ability to access additional cash quickly if needed (such as borrowing from the Federal Reserve) and.Our history has taught us to be strong in two key areas: We are resilient enough to weather this storm and have what it takes to continue to serve you as we always have. We’ve seen wars, depressions and recessions. The experience we create is focused on you and the ways you’re always looking to move forward. Banking built for unstoppable spirits like you. Bryan Jordan, about your transition to First Horizon Bank. First Bank of Berne is an Indiana-based community bank providing personal, business and agribusiness banking services for North-Central Indiana and Western. He was literally the last man standing, and the bank never closed. The transition to First Horizon is complete. When Memphis was hit by the yellow fever epidemic of 1878, we stayed open largely due to one bookkeeper named Charles Q. Today’s COVID-19 situation reminds us of the challenging times we’ve seen throughout our long history. Since then, we’ve grown into one of the largest and most respected banks in the Southeast.
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