First Horizon reports results of 2023 company-run stress test

First Horizon announced its 2023 Bank Holding Company-run capital stress test results which demonstrate the ability to successfully navigate periods of economic stress and maintain capital ratios well above regulatory-required minimums. These internally generated results, which utilized the 2023 Severely Adverse Scenario published by the Federal Reserve on February 9, 2023, reflect continued strong risk discipline. “Our 2023 stress test results demonstrate the resilience of our diversified business model, strong capital position and commitment to prudent risk management through all economic environments,” said CFO Hope Dmuchowski. “Our minimum common equity tier 1 capital ratio of 8.7% reflects an additional $4 billion of pre-tax loss absorption capacity beyond the required regulatory minimums and our stressed loss rates and pre-provision net revenue results once again outperformed the Federal Reserve published CCAR-bank median.”