First Horizon (FHN) 8-K CONSOLIDATED SUMMARY RESULTS Quarterly, Unaudited

Exhibit 99.1

CONSOLIDATED SUMMARY RESULTSQuarterly, Unaudited

																2Q11 Change vs.
(Dollars in thousands, except per share data)	2Q11			1Q11			4Q10			3Q10			2Q10			1Q11			2Q10
Income Statement Highlights
Net interest income	$	172,860		$	172,755		$	182,236		$	186,143		$	182,064				*		(5	)%
Noninterest income		188,771			196,744			190,534			246,762			243,862			(4	)%		(23	)%
Securities gains/(losses), net		1			798			15,681			(2,928	)		75			NM			NM
Total revenue		361,632			370,297			388,451			429,977			426,001			(2	)%		(15	)%
Noninterest expense		345,826			315,146			329,729			343,034			337,311			10	%		3	%
Provision for loan losses		1,000			1,000			45,000			50,000			70,000				*		(99	)%
Income before income taxes		14,806			54,151			13,722			36,943			18,690			(73	)%		(21	)%
Provision/(benefit) for income taxes		(4,242	)		12,108			(6,681	)		3,138			(1,659	)		NM			NM
Income from continuing operations		19,048			42,043			20,403			33,805			20,349			(55	)%		(6	)%
Income/(loss) from discontinued operations, net of tax		3,788			960			(3,095	)		(95	)		129			NM			NM
Net income		22,836			43,003			17,308			33,710			20,478			(47	)%		12	%
Net income attributable to noncontrolling interest		2,844			2,844			2,840			2,875			2,844				*			*
Net income attributable to controlling interest		19,992			40,159			14,468			30,835			17,634			(50	)%		13	%
Preferred stock dividends		—			—			63,154			14,960			14,938			NM			NM
Net income/(loss) available to common shareholders	$	19,992		$	40,159		$	(48,686	)	$	15,875		$	2,696			(50	)%		NM
Common Stock Data
Diluted EPS from continuing operations	$	0.06		$	0.15		$	(0.19	)	$	0.07		$	0.01			(59	)%		NM
Diluted EPS		0.08			0.15			(0.20	)		0.07			0.01			(47	)%		NM
Diluted shares		262,756			265,556			239,095			238,867			240,968			(1	)%		9	%
Period-end shares outstanding		263,699			263,335			263,366			237,061			236,840				*		11	%
Cash dividends declared per share	$	0.01		$	0.01			N/A			N/A			N/A
Stock dividend rate declared per share		N/A			N/A			1.8122	%		1.6567	%		1.2896	%
Balance Sheet Highlights (Period-End)
Total loans, net of unearned income (Restricted - $.7 billion) (a)	$	16,061,646		$	15,972,372		$	16,782,572		$	17,059,489		$	17,154,050			1	%		(6	)%
Total deposits (Restricted - $.9 million) (a)		15,896,027			15,350,967			15,208,231			14,975,920			15,201,816			4	%		5	%
Total assets (Restricted - $.7 billion) (a)		25,054,066			24,438,344			24,698,952			25,384,181			26,254,226			3	%		(5	)%
Total liabilities (Restricted - $.7 billion) (a)		22,372,684			21,798,287			22,020,947			22,077,293			22,966,993			3	%		(3	)%
Total equity		2,681,382			2,640,057			2,678,005			3,306,888			3,287,233			2	%		(18	)%
Key Ratios & Other
Return on average assets (annualized) (b)		0.37	%		0.71	%		0.27	%		0.52	%		0.32	%
Return on average common equity (annualized) (c)		3.36	%		6.82	%		(8.59	)%		2.86	%		0.49	%
Net interest margin (d) (e)		3.20	%		3.22	%		3.18	%		3.23	%		3.19	%
Fee income to total revenue (f)		52	%		53	%		51	%		57	%		57	%
Efficiency ratio (g)		95.63	%		85.29	%		88.45	%		79.24	%		79.19	%
Book value per common share	$	9.05		$	8.90		$	9.05		$	9.28		$	9.23
Tangible book value per common share (e)	$	8.43		$	8.21		$	8.31		$	8.45		$	8.39
Tangible common equity to tangible assets (e)		8.93	%		8.91	%		8.93	%		7.96	%		7.63	%
Tier 1 common ratio (e) (h)		11.86	%		11.73	%		11.53	%		10.43	%		10.07	%
Adjusted tangible common equity to risk weighted assets (e) (h)		11.05	%		10.84	%		10.66	%		9.55	%		9.21	%
Full time equivalent employees		4,950			5,159			5,435			5,506			5,531			(4	)%		(11	)%

NM - Not meaningful
* Amount is less than one percent.
(a)	Restricted balances parenthetically presented are as of June 30, 2011.
(b)	Calculated using net income.
(c)	Calculated using net income available to common shareholders.
(d)	Net interest margin is computed using total net interest income adjusted for FTE.
(e)	Refer to the Non-GAAP to GAAP Reconciliation.
(f)	Ratio excludes securities gains/(losses).
(g)	Noninterest expense divided by total revenue excluding securities gains/(losses).
(h)	Current quarter is an estimate.

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NON-GAAP TO GAAP RECONCILIATION
Quarterly, Unaudited

(Thousands)		2Q11			1Q11			4Q10			3Q10			2Q10
Tangible Common Equity (Non-GAAP)
(A) Total equity (GAAP)		$	2,681,382		$	2,640,057		$	2,678,005		$	3,306,888		$	3,287,233
Less: Preferred stock capital surplus - CPP			—			—			—			810,974		$	806,856
Less: Noncontrolling interest (a)			295,165			295,165			295,165			295,165		$	295,165
(B) Total common equity		$	2,386,217		$	2,344,892		$	2,382,840		$	2,200,749		$	2,185,212
Less: Intangible assets (GAAP) (b)			164,067			183,625			195,061			196,443		$	197,825
(C) Tangible common equity (Non-GAAP)		$	2,222,150		$	2,161,267		$	2,187,779		$	2,004,306		$	1,987,387
Less: Unrealized gains on AFS securities, net of tax			58,068			39,338			45,366			61,836		$	68,189
(D) Adjusted tangible common equity (Non-GAAP)		$	2,164,082		$	2,121,929		$	2,142,413		$	1,942,470		$	1,919,198
Tangible Assets (Non-GAAP)
(E) Total assets (GAAP)		$	25,054,066		$	24,438,344		$	24,698,952		$	25,384,181		$	26,254,226
Less: Intangible assets (GAAP) (b)		$	164,067		$	183,625		$	195,061		$	196,443		$	197,825
(F) Tangible assets (Non-GAAP)		$	24,889,999		$	24,254,719		$	24,503,891		$	25,187,738		$	26,056,401
Period-end Shares Outstanding
(G) Period-end shares outstanding			263,699			263,335			263,366			237,061			236,840
Tier 1 Common (Non-GAAP)
(H) Tier 1 capital (c) (d)		$	2,818,534		$	2,790,335		$	2,812,471		$	3,526,115		$	3,499,759
Less: Preferred stock capital surplus - CPP			—			—			—			810,974		$	806,856
Less: Noncontrolling interest - FTBNA preferred stock (a) (e)			294,816			294,816			294,816			294,816		$	294,816
Less: Trust preferred (f)			200,000			200,000			200,000			300,000		$	300,000
(I) Tier 1 common (Non-GAAP)		$	2,323,718		$	2,295,519		$	2,317,655		$	2,120,325		$	2,098,087
Risk Weighted Assets
(J) Risk weighted assets (c) (d)		$	19,589,390		$	19,569,006		$	20,102,775		$	20,332,364		$	20,837,537
Ratios
(C)/(F)	Tangible common equity to tangible assets (TCE/TA) (Non-GAAP)		8.93	%		8.91	%		8.93	%		7.96	%		7.63	%
(A)/(E)	Total equity to total assets (GAAP)		10.70	%		10.80	%		10.84	%		13.03	%		12.52	%
(C)/(G)	Tangible book value per common share (Non-GAAP)	$	8.43		$	8.21		$	8.31		$	8.45		$	8.39
(B)/(G)	Book value per common share (GAAP)	$	9.05		$	8.90		$	9.05		$	9.28		$	9.23
(I)/(J)	Tier 1 common ratio (Non-GAAP) (c)		11.86	%		11.73	%		11.53	%		10.43	%		10.07	%
(H)/(E)	Tier 1 capital to total assets (GAAP) (c)		11.25	%		11.42	%		11.39	%		13.89	%		13.33	%
(D)/(J)	Adjusted tangible common equity to risk weighted assets (TCE/RWA) (Non-GAAP) (c)		11.05	%		10.84	%		10.66	%		9.55	%		9.21	%
Net interest income adjusted for impact of FTE (Non-GAAP)
Net interest income (GAAP)		$	172,860		$	172,755		$	182,236		$	186,143		$	182,064
Fully taxable equivalent (“FTE”) adjustment			1,497			1,386			1,048			791			528
Net interest income adjusted for impact of FTE (Non-GAAP)		$	174,357		$	174,141		$	183,284		$	186,934		$	182,592

Certain previously reported amounts have been reclassified to agree with current presentation.
(a)	Included in total equity on the consolidated balance sheet.
(b)	Includes goodwill and other intangible assets, net of amortization.
(c)	Current quarter is an estimate.
(d)	Defined by and calculated in conformity with bank regulations.
(e)	Represents FTBNA preferred stock included in noncontrolling interest.
(f)	Included in term borrowings on the consolidated balance sheet.

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