First Horizon Clarifies Use of Non-GAAP Measures in Reports

First Horizon (FHN) just unveiled an update.

First Horizon Corporation (FHN) has clarified that the financial information provided in its exhibits is based on non-GAAP measures, which are not in line with U.S. generally accepted accounting principles, but are useful for understanding the company’s financial status and results. They also include regulatory measures that, while not GAAP, conform to U.S. banking regulations and are essential for comparing capital adequacy with other institutions. Additionally, FHN’s exhibits contain forward-looking statements that predict future business outcomes, which are subject to change due to various uncertainties and do not guarantee future performance.

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