First Horizon Corporation announced the results of its 2021 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 minimums. These internal results, which utilized the 2021 Severely Adverse Scenario published by the Federal Reserve on February 12, 2021, reflect continued strong risk discipline. The Company’s minimum common equity tier 1 ratio under stress of 8.5% reflects an additional $3.4 billion in pre-tax loss absorption capacity above the 4.5% required regulatory minimum. These results include a $0.15 quarterly common stock dividend throughout the nine-quarter forecast horizon. First Horizon’s commercially-oriented portfolio stressed loss rate of 3.1% was 280 basis points below the Federal Reserve published median CCAR-bank result. The Company’s stress test utilized Current Expected Credit Loss-based models for allowance and credit losses and reflected total cumulative losses of $1.7 billion. Additionally, the Company’s pre-provision net revenue as a percentage of total assets of 3.3% exceeded the peer median by 170 basis points and reflects the benefit of fee income diversification.