First Horizon (FHN) 8-K Results of Operations and Financial Condition

Exhibit 99.1

FOURTH QUARTER 2015

FINANCIAL SUPPLEMENT

If you need further information, please contact:

Aarti Bowman, Investor Relations

901-523-4017

aagoorha@firsthorizon.com

FHN TABLE OF CONTENTS

	Page
First Horizon National Corporation Segment Structure	3
Performance Highlights	4
Consolidated Results
Income Statement
Income Statement	6
Other Income and Other Expense	7
Balance Sheet
Period End Balance Sheet	8
Average Balance Sheet	9
Net Interest Income	10
Average Balance Sheet: Yields and Rates	11
Capital Highlights	12
Business Segment Detail
Segment Highlights	13
Regional Banking	14
Fixed Income and Corporate	15
Non-Strategic	16
Asset Quality
Asset Quality: Consolidated	17
Asset Quality: Regional Banking and Corporate	19
Asset Quality: Non-Strategic	20
Portfolio Metrics	21
Non-GAAP to GAAP Reconciliation	22
Glossary of Terms	23

Other Information

This financial supplement contains forward-looking statements involving significant risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking information. Those factors include general economic and financial market conditions, including expectations of and actual timing and amount of interest rate movements including the slope of the yield curve, competition, customer and investor responses to these conditions, ability to execute business plans, geopolitical developments, recent and future legislative and regulatory developments, natural disasters, and items mentioned in this financial supplement and in First Horizon National Corporation’s (“FHN”) most recent press release, as well as critical accounting estimates and other factors described in FHN’s recent filings with the SEC. FHN disclaims any obligation to update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements to reflect future events or developments.

Use of Non-GAAP Measures and Regulatory Measures that are not GAAP

Certain measures are included in this financial supplement that are “non-GAAP,” meaning (under U.S. financial reporting rules) they are not presented in accordance with generally accepted accounting principles (“GAAP”) in the U.S. and also are not codified in U.S. banking regulations currently applicable to FHN. Although other entities may use calculation methods that differ from those used by FHN for non-GAAP measures, FHN’s management believes such measures are relevant to understanding the capital position or financial results of FHN. Non-GAAP measures are reported to FHN’s management and Board of Directors through various internal reports.

Presentation of regulatory measures, even those which are not GAAP, provides a meaningful base for comparability to other financial institutions subject to the same regulations as FHN, as demonstrated by their use by the various banking regulators in reviewing the capital adequacy of financial institutions. Although not GAAP terms, these regulatory measures are not considered “non-GAAP” under U.S. financial reporting rules as long as their presentation conforms to regulatory standards. Regulatory measures used in this financial supplement include: tier 1 capital, generally defined as the sum of core capital (including common equity and instruments that cannot be redeemed at the option of the holder) adjusted for certain items under risk based capital regulations; common equity tier 1 capital (for periods after fourth quarter 2014), generally defined as common equity less goodwill, other intangibles, and certain other required regulatory deductions; risk weighted assets (“RWA”), which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios; and pre-provision net revenue (“PPNR”), calculated by adding the provision/(provision credit) for loan losses to income before income taxes. The regulatory common equity tier 1 capital used in 2015 and later periods is not the same as the non-regulatory, non-GAAP tier 1 common capital commonly used prior to 2015; comparisons between the two are not meaningful.

The non-GAAP measures presented in this financial supplement are return on average tangible common equity (“ROTCE”), tangible common equity (“TCE”) to tangible assets (“TA”), tangible book value per common share, and tier 1 common to RWA (for periods prior to first quarter 2015).

Refer to the tabular reconciliation of non-GAAP to GAAP measures and presentation of the most comparable GAAP items on page 22 of this financial supplement.

FIRST HORIZON NATIONAL CORPORATION SEGMENT STRUCTURE  

 

3

FHN PERFORMANCE HIGHLIGHTS
Summary of Fourth Quarter 2015 Notable Items
	Segment	Item	Income Statement	Amount	Comments
·	Non-Strategic	Litigation expense	Litigation and regulatory matters	$14.2 million	Pre-tax loss accruals related to legal matters
Consolidated Results for Fiscal Year 2015 vs. 2014

· Net income available to common shareholders was $79.7 million, or $.34 per diluted share in 2015, compared to $216.3 million, or $.91 per diluted share in 2014

· Net interest income (“NII”) increased 4 percent in 2015 to $653.7 million from $627.7 million in 2014; Net interest margin (“NIM”) decreased to 2.83 percent from 2.92 percent

· The increase in NII was the result of loan growth within the regional bank’s commercial and consumer real estate installment portfolios, higher average balances of loans to mortgage companies and an increase in cash basis interest income and loan fees relative to the prior year, partially offset by the continued run-off of the non-strategic loan portfolios

· Run-off of the non-strategic loan portfolios, a decline in yields on fixed rate loan portfolios, and an increase in average excess cash held at the Fed during the year contributed to the decline in NIM, but were somewhat mitigated by an increase in cash basis interest income and loan fees relative to 2014

· Noninterest income (including securities gains) was $517.3 million in 2015 compared to $550.0 million in 2014

· The decrease in noninterest income was primarily due to a decline in mortgage banking income as a result of gains on loan sales and previously unrecognized servicing fees associated with servicing sales which were recognized in 2014, partially offset by higher fixed income sales revenue in 2015

· Provision expense was $9.0 million in 2015 compared to $27.0 million in 2014

· Noninterest expense was $1.1 billion in 2015 compared to $.8 billion in 2014

· The increase in expense was primarily driven by larger net loss accruals recognized in 2015 related to legal matters

· Period-end loans increased 9 percent to $17.7 billion; average loans were $16.6 billion in 2015 compared to $15.5 billion in 2014

· The increase in period-end and average loans was driven by loan growth in the commercial and consumer portfolios of the regional bank and loans added through the TrustAtlantic acquisition in fourth quarter 2015, somewhat offset by run-off of the non-strategic loan portfolios

· Period-end core deposits increased 11 percent to $19.5 billion; average core deposits were $18.4 billion in 2015 compared to $15.9 billion in 2014

· Increase in period-end and average core deposits was driven by an increase in customer deposits, timing of a new product offering in correspondent banking in late 2014, the TrustAtlantic acquisition, and an increase in insured network deposits

· The acquisition of bank branches in fourth quarter 2014 also contributed to the increase in average core deposits relative to 2014

Fourth Quarter 2015 vs. Third Quarter 2015

Consolidated

· Net income available to common shareholders was $47.0 million, or $.20 per diluted share in fourth quarter, compared to $58.8 million, or $.25 per diluted share in third quarter

· NII increased to $166.7 million in fourth quarter from $163.6 million in third quarter; NIM was 2.82 percent in fourth quarter compared to 2.85 percent in prior quarter

· The increase in NII was primarily driven by loan growth within the regional bank, somewhat offset by the continuing wind down of the non-strategic loan portfolios

· The decrease in NIM was largely the result of lower average balances of loans to mortgage companies, a decrease in cash basis interest income, an increase in average excess cash held at the Fed during the quarter, and run-off of the non-strategic loan portfolios

· Noninterest income (including securities gains) increased to $132.2 million in fourth quarter from $125.1 million in prior quarter

· The increase was primarily driven by increased Fixed income revenue partially offset by gains on extinguishment of debt recognized in third quarter

· Noninterest expense was $243.7 million in fourth quarter compared to $215.4 million in third quarter largely driven by higher personnel expenses

· An increase in litigation accruals, an impairment of a tax credit investment, and acquisition-related expenses also contributed to the increase in expense in fourth quarter relative to third quarter

· Period-end loans were $17.7 billion and $16.7 billion in fourth quarter and third quarter, respectively; average loans increased 2 percent to $16.9 billion in fourth quarter

· Period-end core deposits were $19.5 billion and $18.6 billion in fourth and third quarter, respectively; average core deposits increased 2 percent linked quarter to $19.0 billion in fourth quarter

Regional Banking

· Pre-tax income was $78.6 million in fourth quarter compared to $85.6 million in third quarter; pre-provision net revenue was $84.5 million and $92.3 million in fourth and third quarters, respectively

· Period-end loans increased 8 percent to $15.6 billion in fourth quarter primarily driven by increases in loans to mortgage companies and other commercial loans, as well as the TrustAtlantic acquisition in fourth quarter

· Average loans were $14.8 billion and $14.3 billion in fourth and third quarters, respectively, as the increase in other commercial loans and loans acquired from TrustAtlantic more than offset a decline in the average balance of loans to mortgage companies

· Average core deposits increased 2 percent to $17.4 billion in fourth quarter from $17.0 billion in third quarter; period-end core deposits increased 4 percent to $17.7 million in fourth quarter

· Increase in average and period-end core deposits was driven by an increase in customer deposits and the TrustAtlantic acquisition

· NII increased to $169.6 million in fourth quarter from $165.3 million in third quarter; NIM deceased 2 basis points to 4.61 percent in fourth quarter

· The increase in NII was the result of higher average balances of commercial and consumer loans coupled with higher earnings credit as a result of an increase in average deposits, partially offset by a decline in average loans to mortgage companies

· Provision expense declined to $5.9 million in fourth quarter compared to $6.7 million in the prior quarter

· Noninterest income was relatively flat in fourth quarter at $62.7 million

· Noninterest expense increased to $147.8 million in fourth quarter from $135.8 million in third quarter primarily due to an increase in personnel expenses

· Third quarter expense was favorably impacted due in large part to gains related to an employee benefit plan amendment

· Fourth quarter includes an increase in headcount related to the TrustAtlantic acquisition

4

FHN PERFORMANCE HIGHLIGHTS (continued)

Fourth Quarter 2015 vs. Third Quarter 2015 (continued)

Fixed Income

· Pre-tax income was $11.4 million in fourth quarter compared to a pre-tax loss of $5.0 million in third quarter

· Fixed income product revenue was $52.7 million in fourth quarter up from $43.0 million in prior quarter

· Fixed income product average daily revenue ("ADR") was $850 thousand and $671 thousand in fourth quarter and third quarter, respectively

· Noninterest expense decreased to $54.5 million in fourth quarter from $59.8 million in the prior quarter

· Fourth quarter decline was driven by lower litigation expenses related to the third quarter resolution of a legal matter, somewhat offset by higher variable compensation costs

Corporate

· Pre-tax loss was $31.2 million in fourth quarter compared to pre-tax loss of $22.0 million in prior quarter

· NII was negative $19.2 million and negative $19.0 million in fourth and third quarter, respectively

· Duration extension within the investment portfolio, a function of higher interest rates and initiatives to moderate overall asset sensitivity profile

· Estimated effective duration of the securities portfolio was 3.8 years in fourth quarter compared to 2.8 years in third quarter

· Estimated modified duration of the securities portfolio was 4.5 years in fourth quarter compared to 3.8 years in prior quarter

· Noninterest income (including securities gains) was $5.5 million in fourth quarter compared to $8.6 million in third quarter

· Decrease primarily relates to a $5.8 million gain on the extinguishment of debt recognized in third quarter, partially offset by higher deferred compensation income driven by market conditions in fourth quarter and a $1.8 million gain from an exchange of available-for-sale debt securities; changes in deferred compensation income are mirrored by changes in deferred compensation expense

· Noninterest expense was $17.4 million in fourth quarter compared to $11.5 million in third quarter

· The expense increase was attributable to a $2.8 million impairment of a tax credit investment recognized in fourth quarter, a $2.7 million increase in deferred compensation expense, and $2.7 million of acquisition costs related to TrustAtlantic

Non-Strategic

· Pre-tax loss was $4.7 million in fourth quarter compared to pre-tax income of $13.7 million in third quarter

· NII was $12.4 million in fourth quarter compared to $14.3 million in prior quarter

· The non-strategic segment had a provision credit of $4.9 million in fourth quarter compared to a provision credit of $5.7 million in third quarter

· Noninterest expense increased to $24.0 million in fourth quarter from $8.4 million in prior quarter primarily driven by a $15.0 million net increase in litigation accruals related to legal matters

Asset Quality

·Allowance for loan losses declined to $210.2 million in fourth quarter from $210.8 million in third quarter; the allowance to loans ratio was 119 basis points in fourth quarter compared to 126 basis points in third quarter

· Net charge-offs ("NCOs") were $1.6 million in fourth quarter compared to $11.5 million in third quarter; annualized net charge-offs decreased to 4 basis points of average loans in fourth quarter from 28 basis points in prior quarter

· The regional bank had a net recovery of $2.8 million in fourth quarter which was driven by a decline in commercial charge-offs combined with the impact of a large recovery from one C&I borrower; net charge-offs in third quarter were $10.5 million

· Net charge-offs within non-strategic increased $3.3 million to $4.4 million; the increase was driven by a charge-off associated with the sale of an insurance TRUP that was on interest deferral

· Nonperforming loans ("NPLs") in the portfolio decreased to $179.1 million in the fourth quarter from $184.0 million in the third quarter

· Nonperforming assets ("NPAs"), including loans held-for-sale, decreased to $211.9 million in fourth quarter from $217.2 million in the prior quarter

· The decrease in NPAs largely corresponded to the decrease in NPLs

· Total 30+ delinquencies increased to $74.2 million in fourth quarter compared to $73.1 million in prior quarter

· The increase was primarily driven by consumer real estate loans

· Troubled debt restructurings ("TDRs") decreased to $367.7 million in fourth quarter from $377.3 million in prior quarter

Taxes

· The effective tax rates (“ETR”) for fourth quarter and third quarter were 5.01 percent and 12.32 percent, respectively. The fourth and third quarter rates were favorably affected by $3.1 million and $3.3 million in discrete items, respectively. The decrease in the effective tax rate from third quarter was primarily related to the decrease in pre-tax income during the quarter

· The effective tax rate for 2015 is 10.11 percent, while the effective tax rate for 2014 was 26.45 percent. The decrease in the effective tax rate from 2014 was due to the decrease in pre-tax income during 2015. The 2015 and 2014 rates were favorably affected by $3.6 million and $4.2 million in discrete items, respectively

· The rates reflect the favorable effect from permanent benefits. Permanent benefits primarily consist of tax credit investments, life insurance, tax-exempt interest, and the utilization of the capital loss carryover

Capital and Liquidity

· Paid $0.06 per common share quarterly dividend ($14.2 million) on January 4, 2016

· Paid aggregate preferred quarterly dividend of $1.6 million on January 11, 2016

· Issued 5.1 million common shares in connection with the TrustAtlantic acquisition in fourth quarter

· Repurchased shares costing $12.6 million in fourth quarter; $133.1 million remaining authorization under the current share repurchase program

· Cumulative shares repurchased since October 2011 are $329.6 million with a volume weighted average price of $9.83 per share (before $.02 per share broker commission)

· Capital ratios (regulatory capital ratios based on period-end balances under the Basel III risk-based capital rules as phased-in) (current quarter is an estimate)

· Tangible common equity to tangible assets of 7.82 percent in fourth quarter compared to 8.00 percent in prior quarter

· Common Equity Tier 1 of 10.45 percent in fourth quarter compared to 10.71 percent in prior quarter

· Tier 1 of 11.80 percent in fourth quarter compared to 12.11 percent in prior quarter

· Total Capital of 13.01 percent in fourth quarter compared to 13.38 percent in prior quarter

· Leverage of 9.85 percent in fourth quarter compared to 9.95 percent in prior quarter`

5

FHN CONSOLIDATED INCOME STATEMENT

Quarterly/Annually, Unaudited

																4Q15 Changes vs.						Twelve months ended					2015 vs.
(Dollars in thousands, except per share data)	4Q15			3Q15			2Q15			1Q15			4Q14			3Q15			4Q14			2015		2014			2014
Interest income	$	187,620		$	183,687		$	187,030		$	178,068		$	179,448			2	%		5	%	$	736,405	$	709,249			4	%
Less: interest expense		20,968			20,125			20,390			21,202			20,398			4	%		3	%		82,685		81,531			1	%
Net interest income		166,652			163,562			166,640			156,866			159,050			2	%		5	%		653,720		627,718			4	%
Provision for loan losses		1,000			1,000			2,000			5,000			6,000			*			(83	)%		9,000		27,000			(67	)%
Net interest income after provision for loan losses		165,652			162,562			164,640			151,866			153,050			2	%		8	%		644,720		600,718			7	%
Noninterest income:
Fixed income		61,673			51,804			56,241			61,619			48,486			19	%		27	%		231,337		200,595			15	%
Deposit transactions and cash management		28,951			28,911			28,430			26,551			29,038			*			*			112,843		111,951			1	%
Brokerage, management fees and commissions		11,021			11,620			12,456			11,399			11,647			(5	)%		(5	)%		46,496		49,099			(5	)%
Mortgage banking (a)		1,149			761			376			1,584			1,808			51	%		(36	)%		3,870		71,257			(95	)%
Trust services and investment management		6,873			6,590			7,416			6,698			6,945			4	%		(1	)%		27,577		27,777			(1	)%
Bankcard income		5,607			5,561			5,884			5,186			5,737			1	%		(2	)%		22,238		23,697			(6	)%
Bank-owned life insurance		3,738			4,135			3,391			3,462			3,503			(10	)%		7	%		14,726		16,394			(10	)%
Other service charges		2,751			2,968			3,043			2,848			2,830			(7	)%		(3	)%		11,610		11,882			(2	)%
Insurance commissions		769			608			654			596			616			26	%		25	%		2,627		2,257			16	%
Securities gains/(losses), net		1,439			(345	)		8			276			—			NM			NM			1,378		2,872			(52	)%
Other (b)		8,261			12,490			12,402			9,470			8,988			(34	)%		(8	)%		42,623		32,263			32	%
Total noninterest income		132,232			125,103			130,301			129,689			119,598			6	%		11	%		517,325		550,044			(6	)%
Adjusted gross income after provision for loan losses		297,884			287,665			294,941			281,555			272,648			4	%		9	%		1,162,045		1,150,762			1	%
Noninterest expense:
Employee compensation, incentives, and benefits (c)		136,000			116,219			127,970			131,444			118,529			17	%		15	%		511,633		478,159			7	%
Repurchase and foreclosure provision (d)		—			—			—			—			—			NM			NM			—		(4,300	)		NM
Legal fees (e)		4,601			3,626			4,509			3,551			5,633			27	%		(18	)%		16,287		20,907			(22	)%
Professional fees		4,859			5,139			5,218			3,706			6,919			(5	)%		(30	)%		18,922		23,298			(19	)%
Occupancy (f)		13,853			13,282			11,764			12,218			12,077			4	%		15	%		51,117		54,018			(5	)%
Computer software		11,432			11,010			11,340			10,942			10,574			4	%		8	%		44,724		42,931			4	%
Contract employment and outsourcing		3,159			3,414			3,337			4,584			4,578			(7	)%		(31	)%		14,494		19,420			(25	)%
Operations services		9,761			10,130			10,033			9,337			8,417			(4	)%		16	%		39,261		35,247			11	%
Equipment rentals, depreciation, and maintenance		8,568			7,093			7,983			7,220			7,523			21	%		14	%		30,864		29,964			3	%
FDIC premium expense (g)		5,098			4,529			4,952			3,448			2,881			13	%		77	%		18,027		11,464			57	%
Advertising and public relations		5,273			4,832			4,349			4,733			4,077			9	%		29	%		19,187		18,683			3	%
Communications and courier		4,089			4,054			3,801			3,876			4,274			1	%		(4	)%		15,820		16,074			(2	)%
Other insurance and taxes		2,874			3,283			3,455			3,329			2,722			(12	)%		6	%		12,941		12,900			*
Foreclosed real estate		475			431			1,329			(131	)		492			10	%		(3	)%		2,104		2,503			(16	)%
Amortization of intangible assets		1,359			1,298			1,298			1,298			1,225			5	%		11	%		5,253		4,170			26	%
Other (b)		32,339			27,096			17,056			176,666			17,388			19	%		86	%		253,157		67,093			NM
Total noninterest expense		243,740			215,436			218,394			376,221			207,309			13	%		18	%		1,053,791		832,531			27	%
Income/(loss) before income taxes		54,144			72,229			76,547			(94,666	)		65,339			(25	)%		(17	)%		108,254		318,231			(66	)%
Provision/(benefit) for income taxes		2,715			8,897			21,590			(22,261	)		13,699			(69	)%		(80	)%		10,941		84,185			(87	)%
Net income/(loss)		51,429			63,332			54,957			(72,405	)		51,640			(19	)%		*			97,313		234,046			(58	)%
Net income attributable to noncontrolling interest		2,848			2,977			2,851			2,758			2,980			(4	)%		(4	)%		11,434		11,527			(1	)%
Net income/(loss) attributable to controlling interest		48,581			60,355			52,106			(75,163	)		48,660			(20	)%		*			85,879		222,519			(61	)%
Preferred stock dividends		1,550			1,550			1,550			1,550			1,550			*			*			6,200		6,200			*
Net income/(loss) available to common shareholders	$	47,031		$	58,805		$	50,556		$	(76,713	)	$	47,110			(20	)%		*		$	79,679	$	216,319			(63	)%
Common Stock Data
EPS	$	0.20		$	0.25		$	0.22		$	(0.33	)	$	0.20			(20	)%		*		$	0.34	$	0.92			(63	)%
Basic Shares (thousands) (h)		237,983			233,111			232,800			232,816			233,693			2	%		2	%		234,189		234,997			*
Diluted EPS	$	0.20		$	0.25		$	0.22		$	(0.33	)	$	0.20			(20	)%		*		$	0.34	$	0.91			(63	)%
Diluted shares (thousands) (h)		240,072			235,058			234,669			232,816			235,448			2	%		2	%		236,266		236,735			*
Key Ratios & Other
Return on average assets (annualized) (i)		0.78	%		0.99	%		0.87	%		(1.15	)%		0.83	%
Return on average common equity (annualized) (i)		8.23	%		10.83	%		9.56	%		(14.04	)%		8.27	%
Return on average tangible common equity (annualized) (i) (j)		9.07	%		11.77	%		10.41	%		(15.24	)%		8.92	%
Fee income to total revenue (i)		43.97	%		43.41	%		43.88	%		45.21	%		42.92	%
Efficiency ratio (i)		81.94	%		74.54	%		73.55	%		NM			74.40	%
Full time equivalent employees (k)		4,260			4,202			4,212			4,226			4,250

Certain previously reported amounts have been reclassified to agree with current presentation.

NM - Not meaningful

* Amount is less than one percent.

(a)	2014 includes a $39.7 million gain on the sales of mortgage loans HFS, an $8.2 million positive fair value adjustment to the held-for-sale portfolio, and the receipt of previously unrecognized servicing fees in conjunction with transfers of servicing during the year.
(b)	Refer to the Other Income and Other Expense table on page 7 for additional information.
(c)	3Q15 includes $8.3 million of gains associated with an employee benefit plan amendment.
(d)	2014 includes an expense reversal associated with the settlement of certain repurchase claims.
(e)	2014 includes an $8.5 million expense reversal related to agreements with insurance companies for the recovery of Sentinel legal expenses.
(f)	2014 includes $4.6 million of lease abandonment expense.
(g)	2014 includes the effect of $3.3 million of FDIC premium refunds.
(h)	4Q15 increase related to shares issued in connection with the TrustAtlantic acquisition, partially offset by shares purchased under share repurchase programs; 1Q15 decrease related to shares repurchased under share repurchase programs.
(i)	See Glossary of Terms for definitions of Key Ratios.
(j)	Refer to the Non-GAAP to GAAP reconciliation on page 22 of this financial supplement.
(k)	4Q15 increase driven by TrustAtlantic acquisition.

6

FHN OTHER INCOME AND OTHER EXPENSE

Quarterly/Annually, Unaudited

														4Q15 Changes vs.						Twelve months ended						2015 vs.
(Thousands)	4Q15			3Q15			2Q15			1Q15		4Q14		3Q15			4Q14			2015			2014			2014
Other Income
ATM and interchange fees	$	3,133		$	2,998		$	3,025		$	2,761	$	2,961		5	%		6	%	$	11,917		$	10,943			9	%
Electronic banking fees		1,474			1,479			1,459			1,428		1,561		*			(6	)%		5,840			6,190			(6	)%
Letter of credit fees		988			978			1,532			1,123		1,111		1	%		(11	)%		4,621			4,864			(5	)%
Deferred compensation (a)		(58	)		(2,309	)		(35	)		1,033		242		97	%		NM			(1,369	)		2,042			NM
Gain/(loss) on extinguishment of debt (b)		(1	)		5,794			—			—		184		NM			NM			5,793			(4,166	)		NM
Other (c)		2,725			3,550			6,421			3,125		2,929		(23	)%		(7	)%		15,821			12,390			28	%
Total	$	8,261		$	12,490		$	12,402		$	9,470	$	8,988		(34	)%		(8	)%	$	42,623		$	32,263			32	%
Other Expense
Litigation and regulatory matters (d)	$	14,185		$	10,922		$	—		$	162,500	$	—		30	%		NM		$	187,607		$	(2,720	)		NM
Tax credit investments (e)		3,199			439			549			395		589		NM			NM			4,582			2,087			NM
Travel and entertainment		2,893			2,451			2,632			1,614		2,462		18	%		18	%		9,590			9,095			5	%
Employee training and dues		1,537			1,272			1,449			1,132		1,258		21	%		22	%		5,390			4,518			19	%
Customer relations		1,086			1,477			1,505			1,314		1,397		(26	)%		(22	)%		5,382			5,726			(6	)%
Miscellaneous loan costs		835			726			734			361		540		15	%		55	%		2,656			2,690			(1	)%
Supplies		1,046			974			880			927		1,046		7	%		*			3,827			3,745			2	%
Other (f)		7,558			8,835			9,307			8,423		10,096		(14	)%		(25	)%		34,123			41,952			(19	)%
Total	$	32,339		$	27,096		$	17,056		$	176,666	$	17,388		19	%		86	%	$	253,157		$	67,093			NM

Certain previously reported amounts have been reclassified to agree with current presentation.

NM - Not meaningful

* Amount is less than one percent

(a)	Amounts driven by market conditions and are mirrored by changes in deferred compensation expense which is included in employee compensation expense.
(b)	3Q15 gain related to the extinguishment of $206 million of junior subordinated notes underlying $200 million of trust preferred debt; 2014 loss associated with the collapse of two HELOC securitization trusts.
(c)	2Q15 includes $2.9 million of pre-tax gains on the sale of properties.
(d)	1Q15 loss accruals relate to the settlement of potential claims related to FHN’s underwriting and origination of FHA-insured mortgage loans; 2014 includes $113.6 million of expense reversals associated with agreements with insurance companies for the recovery of expenses FHN incurred related to litigation losses in previous periods, which more than offset $110.9 million of loss accruals related to legal matters.
(e)	4Q15 includes $2.8 million of impairment related to a tax credit investment accounted for under the equity method.
(f)	2014 includes $5.9 million of negative valuation adjustments associated with derivatives related to prior sales of Visa Class B shares.

7

FHN CONSOLIDATED PERIOD-END BALANCE SHEET

Quarterly, Unaudited

																4Q15 Changes vs.
(Thousands)	4Q15			3Q15			2Q15			1Q15			4Q14			3Q15			4Q14
Assets:
Investment securities	$	3,944,166		$	3,677,954		$	3,653,166		$	3,676,630		$	3,560,905			7	%		11	%
Loans held-for-sale		126,342			124,308			127,196			133,958			141,285			2	%		(11	)%
Loans, net of unearned income		17,686,502			16,725,492			16,936,772			16,732,123			16,230,166			6	%		9	%
Federal funds sold		114,479			64,438			77,039			43,052			63,080			78	%		81	%
Securities purchased under agreements to resell		615,773			793,098			816,991			831,541			659,154			(22	)%		(7	)%
Interest-bearing cash (a)		602,836			596,689			344,944			438,633			1,621,967			1	%		(63	)%
Trading securities		881,450			1,229,180			1,133,490			1,532,463			1,194,391			(28	)%		(26	)%
Total earning assets		23,971,548			23,211,159			23,089,598			23,388,400			23,470,948			3	%		2	%
Cash and due from banks		300,811			256,342			274,256			282,800			349,171			17	%		(14	)%
Fixed income receivables (b)		63,660			83,547			91,069			190,662			42,488			(24	)%		50	%
Goodwill (c)		191,307			145,932			145,932			145,932			145,932			31	%		31	%
Other intangible assets, net (c)		26,215			25,624			26,922			28,220			29,518			2	%		(11	)%
Premises and equipment, net (d)		275,619			269,332			269,507			301,069			302,996			2	%		(9	)%
Real estate acquired by foreclosure		33,063			35,332			40,268			39,776			39,922			(6	)%		(17	)%
Allowance for loan losses		(210,242	)		(210,814	)		(221,351	)		(228,328	)		(232,448	)		*			(10	)%
Derivative assets		104,365			152,548			115,230			148,153			134,088			(32	)%		(22	)%
Other assets		1,438,790			1,418,317			1,408,336			1,419,204			1,385,572			1	%		4	%
Total assets	$	26,195,136		$	25,387,319		$	25,239,767		$	25,715,888		$	25,668,187			3	%		2	%
Liabilities and Equity:
Deposits:
Savings	$	7,811,191		$	7,554,338		$	7,462,642		$	7,428,000		$	7,455,354			3	%		5	%
Other interest-bearing deposits		5,388,526			4,885,601			4,675,742			4,939,240			4,140,991			10	%		30	%
Time deposits		788,487			743,158			769,132			792,914			831,666			6	%		(5	)%
Total interest-bearing core deposits		13,988,204			13,183,097			12,907,516			13,160,154			12,428,011			6	%		13	%
Noninterest-bearing deposits		5,535,885			5,391,385			5,366,936			5,060,897			5,195,656			3	%		7	%
Total core deposits (e)		19,524,089			18,574,482			18,274,452			18,221,051			17,623,667			5	%		11	%
Certificates of deposit $100,000 and more		443,389			290,738			400,021			417,503			445,272			53	%		*
Total deposits		19,967,478			18,865,220			18,674,473			18,638,554			18,068,939			6	%		11	%
Federal funds purchased		464,166			520,992			556,862			703,352			1,037,052			(11	)%		(55	)%
Securities sold under agreements to repurchase		338,133			332,329			311,760			309,297			562,214			2	%		(40	)%
Trading liabilities		566,019			788,563			732,564			813,141			594,314			(28	)%		(5	)%
Other short-term borrowings		137,861			99,887			150,350			158,745			157,218			38	%		(12	)%
Term borrowings (f)		1,315,176			1,341,186			1,557,647			1,573,215			1,880,105			(2	)%		(30	)%
Fixed income payables (b)		23,072			95,346			54,301			91,176			18,157			(76	)%		27	%
Derivative liabilities		108,339			140,965			109,815			133,273			119,239			(23	)%		(9	)%
Other liabilities		635,306			622,586			574,090			795,878			649,359			2	%		(2	)%
Total liabilities		23,555,550			22,807,074			22,721,862			23,216,631			23,086,597			3	%		2	%
Equity:
Common stock (g)		149,117			146,398			146,263			145,937			146,387			2	%		2	%
Capital surplus (g)		1,439,303			1,377,731			1,371,712			1,370,711			1,380,809			4	%		4	%
Undivided profits		874,303			841,737			797,123			760,713			851,585			4	%		3	%
Accumulated other comprehensive loss, net		(214,192	)		(176,676	)		(188,248	)		(169,159	)		(188,246	)		21	%		14	%
Preferred stock		95,624			95,624			95,624			95,624			95,624			*			*
Noncontrolling interest (h)		295,431			295,431			295,431			295,431			295,431			*			*
Total equity		2,639,586			2,580,245			2,517,905			2,499,257			2,581,590			2	%		2	%
Total liabilities and equity	$	26,195,136		$	25,387,319		$	25,239,767		$	25,715,888		$	25,668,187			3	%		2	%

Certain previously reported amounts have been reclassified to agree with current presentation.

* Amount is less than one percent.

(a)	Includes excess balances held at Fed. 4Q14 balance driven by inflow of customer deposits and proceeds from the issuance of senior notes.
(b)	Period-end balances fluctuate based on the level of pending unsettled trades.
(c)	4Q15 increase related to TrustAtlantic acquisition.
(d)	2Q15 decrease related to sale of property.
(e)	4Q15 average core deposits were $19.0 billion.
(f)	In 3Q15 FHN called $206 million of junior subordinated notes underlying $200 million of trust preferred debt. In 1Q15 $304 million of FTBNA subordinated notes matured.
(g)	4Q15 increase related to shares issued in connection with the TrustAtlantic acquisition, partially offset by shares purchased under share repurchase programs; 1Q15 decrease related to shares repurchased under share repurchase programs.
(h)	Consists of preferred stock of subsidiaries.

8

FHN CONSOLIDATED AVERAGE BALANCE SHEET

Quarterly/Annually, Unaudited

																4Q15 Changes vs.						Twelve months ended						2015 vs.
(Thousands)	4Q15			3Q15			2Q15			1Q15			4Q14			3Q15			4Q14			2015			2014			2014
Assets:
Earning assets:
Loans, net of unearned income:
Commercial, financial, and industrial (C&I)	$	9,720,115		$	9,539,650		$	9,675,107		$	8,965,657		$	8,584,065			2	%		13	%	$	9,477,376		$	8,156,750			16	%
Commercial real estate		1,612,730			1,425,528			1,371,207			1,290,246			1,287,816			13	%		25	%		1,425,813			1,223,487			17	%
Consumer real estate		4,798,067			4,838,984			4,893,285			4,988,532			5,087,104			(1	)%		(6	)%		4,879,083			5,198,304			(6	)%
Permanent mortgage		455,299			475,684			500,093			526,616			552,065			(4	)%		(18	)%		489,190			594,450			(18	)%
Credit card and other		356,948			353,148			350,247			351,503			357,321			1	%		*			352,977			347,981			1	%
Total loans, net of unearned income (a)		16,943,159			16,632,994			16,789,939			16,122,554			15,868,371			2	%		7	%		16,624,439			15,520,972			7	%
Loans held-for-sale (b)		122,046			126,072			129,519			138,373			144,061			(3	)%		(15	)%		128,950			296,079			(56	)%
Investment securities:
U.S. treasuries		100			100			100			100			100			*			*			100			27,057			NM
U.S. government agencies		3,619,334			3,482,658			3,505,033			3,391,297			3,363,053			4	%		8	%		3,500,159			3,315,975			6	%
States and municipalities		10,403			13,673			14,074			14,410			14,493			(24	)%		(28	)%		13,131			17,688			(26	)%
Other		188,813			181,817			181,749			181,858			181,806			4	%		4	%		183,573			191,918			(4	)%
Total investment securities		3,818,650			3,678,248			3,700,956			3,587,665			3,559,452			4	%		7	%		3,696,963			3,552,638			4	%
Trading securities		1,307,102			1,137,877			1,363,165			1,371,514			1,182,762			15	%		11	%		1,294,308			1,117,560			16	%
Other earning assets:
Federal funds sold		19,832			35,191			31,765			23,710			26,543			(44	)%		(25	)%		27,635			28,767			(4	)%
Securities purchased under agreements to resell		804,000			762,744			760,338			777,989			672,764			5	%		20	%		776,302			650,980			19	%
Interest-bearing cash (c)		913,432			806,648			465,596			1,451,826			1,011,983			13	%		(10	)%		907,619			658,189			38	%
Total other earning assets		1,737,264			1,604,583			1,257,699			2,253,525			1,711,290			8	%		2	%		1,711,556			1,337,936			28	%
Total earning assets		23,928,221			23,179,774			23,241,278			23,473,631			22,465,936			3	%		7	%		23,456,216			21,825,185			7	%
Allowance for loan losses		(208,804	)		(216,833	)		(227,765	)		(232,655	)		(238,850	)		(4	)%		(13	)%		(221,436	)		(243,909	)		(9	)%
Cash and due from banks		320,147			308,409			315,730			342,512			341,338			4	%		(6	)%		321,602			327,047			(2	)%
Fixed income receivables		91,510			59,470			51,913			48,937			63,384			54	%		44	%		63,064			55,236			14	%
Premises and equipment, net (d)		273,365			268,061			292,874			301,989			301,512			2	%		(9	)%		283,950			300,023			(5	)%
Derivative assets		131,479			113,927			138,935			139,086			141,146			15	%		(7	)%		130,790			160,724			(19	)%
Other assets		1,641,431			1,601,953			1,601,083			1,571,104			1,538,791			2	%		7	%		1,604,079			1,570,530			2	%
Total assets	$	26,177,349		$	25,314,761		$	25,414,048		$	25,644,604		$	24,613,257			3	%		6	%	$	25,638,265		$	23,994,836			7	%
Liabilities and equity:
Interest-bearing liabilities:
Interest-bearing deposits:
Savings	$	7,589,314		$	7,578,288		$	7,437,016		$	7,377,045		$	6,929,750			*			10	%	$	7,496,225		$	6,592,029			14	%
Other interest-bearing deposits		4,956,451			4,806,813			4,741,920			4,483,907			3,895,022			3	%		27	%		4,748,731			3,800,646			25	%
Time deposits		798,661			756,397			780,355			812,749			830,412			6	%		(4	)%		786,918			849,352			(7	)%
Total interest-bearing core deposits		13,344,426			13,141,498			12,959,291			12,673,701			11,655,184			2	%		14	%		13,031,874			11,242,027			16	%
Certificates of deposit $100,000 and more		389,682			354,376			405,696			423,480			451,669			10	%		(14	)%		393,109			493,371			(20	)%
Federal funds purchased		569,603			529,156			649,464			1,079,531			1,137,909			8	%		(50	)%		705,054			1,101,910			(36	)%
Securities sold under agreements to repurchase		337,893			330,114			339,874			474,448			471,712			2	%		(28	)%		370,097			447,801			(17	)%
Trading liabilities		768,721			722,031			713,133			728,553			634,375			6	%		21	%		733,189			633,867			16	%
Other short-term borrowings		128,740			138,698			227,650			165,408			302,353			(7	)%		(57	)%		164,951			531,984			(69	)%
Term borrowings (e)		1,585,388			1,461,173			1,570,953			1,621,983			1,664,924			9	%		(5	)%		1,559,503			1,592,855			(2	)%
Total interest-bearing liabilities		17,124,453			16,677,046			16,866,061			17,167,104			16,318,126			3	%		5	%		16,957,777			16,043,815			6	%
Noninterest-bearing deposits		5,627,935			5,392,294			5,189,939			5,098,361			4,974,748			4	%		13	%		5,328,762			4,666,268			14	%
Fixed income payables		52,034			26,220			27,608			34,800			40,273			98	%		29	%		35,188			36,139			(3	)%
Derivative liabilities		120,728			105,644			123,397			124,305			124,530			14	%		(3	)%		118,473			136,509			(13	)%
Other liabilities		592,624			568,013			695,114			612,513			503,851			4	%		18	%		616,878			520,138			19	%
Total liabilities		23,517,774			22,769,217			22,902,119			23,037,083			21,961,528			3	%		7	%		23,057,078			21,402,869			8	%
Equity:
Common stock (f)		149,401			146,324			146,146			146,225			146,789			2	%		2	%		147,031			147,609			*
Capital surplus (f)		1,443,988			1,374,195			1,370,653			1,377,178			1,387,116			5	%		4	%		1,391,639			1,407,482			(1	)%
Undivided profits		860,778			818,909			775,881			868,605			846,656			5	%		2	%		830,989			773,752			7	%
Accumulated other comprehensive loss, net		(185,647	)		(184,939	)		(171,806	)		(175,542	)		(119,887	)		*			55	%		(179,527	)		(127,931	)		40	%
Preferred stock		95,624			95,624			95,624			95,624			95,624			*			*			95,624			95,624			*
Noncontrolling interest (g)		295,431			295,431			295,431			295,431			295,431			*			*			295,431			295,431			*
Total equity		2,659,575			2,545,544			2,511,929			2,607,521			2,651,729			4	%		*			2,581,187			2,591,967			*
Total liabilities and equity	$	26,177,349		$	25,314,761		$	25,414,048		$	25,644,604		$	24,613,257			3	%		6	%	$	25,638,265		$	23,994,836			7	%

NM - Not meaningful

* Amount is less than one percent.

(a)	Includes loans on nonaccrual status.
(b)	2015 decline reflects the result of the average impact of the sale of mortgage loans HFS in 3Q14.
(c)	Includes excess balances held at Fed. 1Q15 and 4Q14 driven by inflow of customer deposits and proceeds from the issuance of senior notes in fourth quarter.
(d)	2Q15 and 3Q15 decreases related to sale of property in second quarter.
(e)	In 3Q15 FHN called $206 million of junior subordinated notes underlying $200 million of trust preferred debt. In 1Q15 $304 million of FTBNA subordinated notes matured.
(f)	4Q15 increase related to shares issued in connection with the TrustAtlantic acquisition, partially offset by shares purchased under share repurchase programs; 2Q15 and 1Q15 decrease related to shares repurchased under share repurchase programs.
(g)	Consists of preferred stock of subsidiaries.

9

FHN CONSOLIDATED NET INTEREST INCOME (a)

Quarterly, Unaudited

																4Q15 Changes vs.
(Thousands)	4Q15			3Q15			2Q15			1Q15			4Q14			3Q15			4Q14
Interest Income:
Loans, net of unearned income (b)	$	154,959		$	152,795		$	155,565		$	146,192		$	148,078			1	%		5	%
Loans held-for-sale		1,305			1,311			1,350			1,491			1,483			*			(12	)%
Investment securities:
U.S. government agencies		22,349			21,366			21,432			20,955			21,317			5	%		5	%
States and municipalities		148			97			97			125			159			53	%		(7	)%
Other		1,906			1,864			1,853			1,876			1,875			2	%		2	%
Total investment securities		24,403			23,327			23,382			22,956			23,351			5	%		5	%
Trading securities		9,360			8,476			9,289			9,281			8,701			10	%		8	%
Other earning assets:
Federal funds sold		56			88			79			57			69			(36	)%		(19	)%
Securities purchased under agreements to resell (c)		(277	)		(112	)		(254	)		(252	)		(217	)		NM			(28	)%
Interest-bearing cash		636			490			267			874			611			30	%		4	%
Total other earning assets		415			466			92			679			463			(11	)%		(10	)%
Interest income	$	190,442		$	186,375		$	189,678		$	180,599		$	182,076			2	%		5	%
Interest Expense:
Interest-bearing deposits:
Savings	$	2,930		$	2,785		$	2,970		$	3,307		$	3,087			5	%		(5	)%
Other interest-bearing deposits		1,312			1,118			1,104			957			760			17	%		73	%
Time deposits		1,200			1,230			1,324			1,432			1,742			(2	)%		(31	)%
Total interest-bearing core deposits		5,442			5,133			5,398			5,696			5,589			6	%		(3	)%
Certificates of deposit $100,000 and more		1,013		��	756			830			882			513			34	%		97	%
Federal funds purchased		428			338			408			673			729			27	%		(41	)%
Securities sold under agreements to repurchase		46			32			42			95			83			44	%		(45	)%
Trading liabilities		4,034			4,258			3,770			3,914			3,950			(5	)%		2	%
Other short-term borrowings		262			294			276			278			388			(11	)%		(32	)%
Term borrowings		9,743			9,314			9,666			9,664			9,146			5	%		7	%
Interest expense		20,968			20,125			20,390			21,202			20,398			4	%		3	%
Net interest income - tax equivalent basis		169,474			166,250			169,288			159,397			161,678			2	%		5	%
Fully taxable equivalent adjustment		(2,822	)		(2,688	)		(2,648	)		(2,531	)		(2,628	)		(5	)%		(7	)%
Net interest income	$	166,652		$	163,562		$	166,640		$	156,866		$	159,050			2	%		5	%

NM - Not meaningful

* Amount is less than one percent.

(a)	Net interest income adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 35 percent and, where applicable, state income taxes.
(b)	Includes interest on loans in nonaccrual status.
(c)	Driven by negative market rates on reverse repurchase agreements.

10

FHN CONSOLIDATED AVERAGE BALANCE SHEET: YIELDS AND RATES

Quarterly, Unaudited

	4Q15		3Q15		2Q15		1Q15		4Q14
Assets:
Earning assets (a):
Loans, net of unearned income (b):
Commercial loans	3.46	%	3.50	%	3.60	%	3.50	%	3.55	%
Retail loans	3.98		3.94		3.94		3.96		3.97
Total loans, net of unearned income (c)	3.63		3.65		3.71		3.67		3.71
Loans held-for-sale	4.28		4.16		4.17		4.31		4.12
Investment securities:
U.S. government agencies	2.47		2.45		2.45		2.47		2.54
States and municipalities	NM		2.84		2.77		3.46		4.38
Other	4.04		4.10		4.08		4.13		4.13
Total investment securities	2.56		2.54		2.53		2.56		2.62
Trading securities	2.86		2.98		2.73		2.71		2.94
Other earning assets:
Federal funds sold	1.12		1.00		1.00		0.97		1.02
Securities purchased under agreements to resell (d)	(0.14	)	(0.06	)	(0.13	)	(0.13	)	(0.13	)
Interest-bearing cash	0.28		0.24		0.23		0.24		0.24
Total other earning assets	0.09		0.12		0.03		0.12		0.11
Interest income/total earning assets	3.17	%	3.20	%	3.27	%	3.11	%	3.22	%
Liabilities:
Interest-bearing liabilities:
Interest-bearing deposits:
Savings	0.15	%	0.15	%	0.16	%	0.18	%	0.18	%
Other interest-bearing deposits	0.10		0.09		0.09		0.09		0.08
Time deposits	0.60		0.65		0.68		0.71		0.83
Total interest-bearing core deposits	0.16		0.15		0.17		0.18		0.19
Certificates of deposit $100,000 and more	1.03		0.85		0.82		0.84		0.45
Federal funds purchased	0.30		0.25		0.25		0.25		0.25
Securities sold under agreements to repurchase	0.05		0.04		0.05		0.08		0.07
Trading liabilities	2.08		2.34		2.12		2.18		2.47
Other short-term borrowings	0.81		0.84		0.49		0.68		0.51
Term borrowings (e)	2.46		2.55		2.47		2.39		2.20
Interest expense/total interest-bearing liabilities	0.49		0.48		0.48		0.50		0.50
Net interest spread	2.68	%	2.72	%	2.79	%	2.61	%	2.72	%
Effect of interest-free sources used to fund earning assets	0.14		0.13		0.13		0.13		0.14
Net interest margin	2.82	%	2.85	%	2.92	%	2.74	%	2.86	%

Yields are adjusted to a FTE basis assuming a statutory federal income tax rate of 35 percent and, where applicable, state income taxes.

NM - Not meaningful

(a)	Earning assets yields are expressed net of unearned income.
(b)	Includes loan fees and cash basis interest income.
(c)	Includes loans on nonaccrual status.
(d)	Driven by negative market rates on reverse repurchase agreements.
(e)	Rates are expressed net of unamortized debenture cost for term borrowings.

11

FHN CAPITAL HIGHLIGHTS

Quarterly, Unaudited

																4Q15 Changes vs.
(Dollars and shares in thousands)	4Q15			3Q15			2Q15			1Q15			4Q14			3Q15			4Q14
Common equity tier 1 capital (a) (c)	$	2,278,580		$	2,226,189		$	2,172,768		$	2,133,554			N/A			2	%		NM
Tier 1 capital (a) (b) (c)	$	2,572,117		$	2,516,194		$	2,500,612		$	2,452,297		$	2,813,503			2	%		(9	)%
Total capital (a) (d)	$	2,836,676		$	2,781,354		$	2,922,582		$	2,912,671		$	3,148,336			2	%		(10	)%
Risk-weighted assets (“RWA”) (a)	$	21,803,700		$	20,783,031		$	20,869,862		$	20,707,078		$	19,452,656			5	%		12	%
Average assets for leverage (a) (c)	$	26,106,830		$	25,280,856		$	25,347,048		$	25,570,905		$	24,625,820			3	%		6	%
Common equity tier 1 ratio (a) (c)		10.45	%		10.71	%		10.41	%		10.30	%		N/A
Tier 1 ratio (a) (c)		11.80	%		12.11	%		11.98	%		11.84	%		14.46	%
Total capital ratio (a)		13.01	%		13.38	%		14.00	%		14.07	%		16.18	%
Leverage ratio (a) (c)		9.85	%		9.95	%		9.87	%		9.59	%		11.43	%
Tier 1 common to risk-weighted assets (c) (e)		N/A			N/A			N/A			N/A			11.43	%
Total equity to total assets		10.08	%		10.16	%		9.98	%		9.72	%		10.06	%
Tangible common equity/tangible assets (“TCE/TA”) (e)		7.82	%		8.00	%		7.80	%		7.57	%		7.90	%
Period-end shares outstanding (f)		238,587			234,237			234,021			233,499			234,220			2	%		2	%
Cash dividends declared per common share	$	0.06		$	0.06		$	0.06		$	0.06		$	0.05			*			20	%
Book value per common share	$	9.42		$	9.35		$	9.09		$	9.03		$	9.35
Tangible book value per common share (e)	$	8.51		$	8.61		$	8.35		$	8.28		$	8.60
Market capitalization (millions)	$	3,464.3		$	3,321.5		$	3,667.1		$	3,336.7		$	3,180.7

Certain previously reported amounts have been reclassified to agree with current presentation.

NM - Not Meaningful

* Amount is less than one percent.

(a)	Current quarter is an estimate. All quarters in 2015 reflect revisions to regulatory capital definitions under the Basel III risk-based capital rules as phased-in.
(b)	FHN’s outstanding trust preferred securities were redeemed in 3Q15. 2Q15 and 1Q15 include $50 million of Tier 1 qualifying trust preferred securities. 4Q14 includes $200 million of Tier 1 qualifying trust preferred securities.
(c)	See Glossary of Terms for definition.
(d)	FHN’s outstanding trust preferred securities were redeemed in 3Q15. 2Q15 and 1Q15 include $150 million of Tier 2 qualifying trust preferred which are excluded from Tier 1 under Basel III.
(e)	Refer to the Non-GAAP to GAAP reconciliation on page 22 of this financial supplement.
(f)	4Q15 increase related to shares issued in connection with the TrustAtlantic acquisition, partially offset by shares purchased under share repurchase programs; 1Q15 decrease related to shares repurchased under share repurchase programs.

12

FHN BUSINESS SEGMENT HIGHLIGHTS

Quarterly/Annually, Unaudited

																4Q15 Changes vs.						Twelve Months Ended						2015 vs.
(Thousands)	4Q15			3Q15			2Q15			1Q15			4Q14			3Q15			4Q14			2015			2014			2014
Regional Banking
Net interest income	$	169,605		$	165,258		$	165,908		$	154,409		$	157,557			3	%		8	%	$	655,180		$	602,126			9	%
Noninterest income		62,650			62,773			65,989			60,204			64,331			*			(3	)%		251,616			254,705			(1	)%
Total revenues		232,255			228,031			231,897			214,613			221,888			2	%		5	%		906,796			856,831			6	%
Provision for loan losses		5,856			6,696			17,078			4,915			5,568			(13	)%		5	%		34,545			29,187			18	%
Noninterest expense		147,776			135,776			144,203			135,780			137,546			9	%		7	%		563,535			538,988			5	%
Income before income taxes		78,623			85,559			70,616			73,918			78,774			(8	)%		*			308,716			288,656			7	%
Provision for income taxes		28,046			30,809			24,996			26,381			28,057			(9	)%		*			110,232			102,771			7	%
Net income	$	50,577		$	54,750		$	45,620		$	47,537		$	50,717			(8	)%		*		$	198,484		$	185,885			7	%
Fixed Income
Net interest income	$	3,906		$	3,008		$	4,297		$	4,323		$	3,675			30	%		6	%	$	15,534		$	12,688			22	%
Noninterest income		61,989			51,756			56,001			61,565			48,506			20	%		28	%		231,311			202,725			14	%
Total revenues		65,895			54,764			60,298			65,888			52,181			20	%		26	%		246,845			215,413			15	%
Noninterest expense (a)		54,530			59,783			51,214			54,683			46,218			(9	)%		18	%		220,210			146,847			50	%
Income/(loss) before income taxes		11,365			(5,019	)		9,084			11,205			5,963			NM			91	%		26,635			68,566			(61	)%
Provision/(benefit) for income taxes		4,002			(2,359	)		3,171			4,167			2,059			NM			94	%		8,981			25,741			(65	)%
Net income/(loss)	$	7,363		$	(2,660	)	$	5,913		$	7,038		$	3,904			NM			89	%	$	17,654		$	42,825			(59	)%
Corporate
Net interest income/(expense)	$	(19,230	)	$	(19,037	)	$	(17,376	)	$	(16,084	)	$	(18,038	)		(1	)%		(7	)%	$	(71,727	)	$	(54,175	)		(32	)%
Noninterest income		5,485			8,559			3,901			5,385			4,400			(36	)%		25	%		23,330			26,969			(13	)%
Total revenues		(13,745	)		(10,478	)		(13,475	)		(10,699	)		(13,638	)		(31	)%		(1	)%		(48,397	)		(27,206	)		(78	)%
Noninterest expense		17,446			11,521			13,770			14,169			14,017			51	%		24	%		56,906			61,387			(7	)%
Loss before income taxes		(31,191	)		(21,999	)		(27,245	)		(24,868	)		(27,655	)		(42	)%		(13	)%		(105,303	)		(88,593	)		(19	)%
Benefit for income taxes		(27,528	)		(24,841	)		(15,882	)		(11,640	)		(19,601	)		(11	)%		(40	)%		(79,891	)		(63,526	)		(26	)%
Net income/(loss)	$	(3,663	)	$	2,842		$	(11,363	)	$	(13,228	)	$	(8,054	)		NM			55	%	$	(25,412	)	$	(25,067	)		(1	)%
Non-Strategic
Net interest income	$	12,371		$	14,333		$	13,811		$	14,218		$	15,856			(14	)%		(22	)%	$	54,733		$	67,079			(18	)%
Noninterest income (b)		2,108			2,015			4,410			2,535			2,361			5	%		(11	)%		11,068			65,645			(83	)%
Total revenues		14,479			16,348			18,221			16,753			18,217			(11	)%		(21	)%		65,801			132,724			(50	)%
Provision/(provision credit) for loan losses		(4,856	)		(5,696	)		(15,078	)		85			432			15	%		NM			(25,545	)		(2,187	)		NM
Noninterest expense (c)		23,988			8,356			9,207			171,589			9,528			NM			NM			213,140			85,309			NM
Income/(loss) before income taxes		(4,653	)		13,688			24,092			(154,921	)		8,257			NM			NM			(121,794	)		49,602			NM
Provision/(benefit) for income taxes		(1,805	)		5,288			9,305			(41,169	)		3,184			NM			NM			(28,381	)		19,199			NM
Net income/(loss)	$	(2,848	)	$	8,400		$	14,787		$	(113,752	)	$	5,073			NM			NM		$	(93,413	)	$	30,403			NM
Total Consolidated
Net interest income	$	166,652		$	163,562		$	166,640		$	156,866		$	159,050			2	%		5	%	$	653,720		$	627,718			4	%
Noninterest income		132,232			125,103			130,301			129,689			119,598			6	%		11	%		517,325			550,044			(6	)%
Total revenues		298,884			288,665			296,941			286,555			278,648			4	%		7	%		1,171,045			1,177,762			(1	)%
Provision for loan losses		1,000			1,000			2,000			5,000			6,000			*			(83	)%		9,000			27,000			(67	)%
Noninterest expense		243,740			215,436			218,394			376,221			207,309			13	%		18	%		1,053,791			832,531			27	%
Income/(loss) before income taxes		54,144			72,229			76,547			(94,666	)		65,339			(25	)%		(17	)%		108,254			318,231			(66	)%
Provision/(benefit) for income taxes		2,715			8,897			21,590			(22,261	)		13,699			(69	)%		(80	)%		10,941			84,185			(87	)%
Net income/(loss)	$	51,429		$	63,332		$	54,957		$	(72,405	)	$	51,640			(19	)%		*		$	97,313		$	234,046			(58	)%

Certain previously reported amounts have been reclassified to agree with current presentation.

NM - Not meaningful

* Amount is less than one percent.

(a)	3Q15 includes an $11.6 million charge to litigation and regulatory matters related to the resolution of a legal matter; 2014 includes $47.1 million related to agreements with insurance companies for the recovery of expenses FHN incurred in connection with litigation losses in previous periods.
(b)	2014 includes $39.7 million of gains on the sale of HFS mortgage loans and $12.1 million of favorable valuation adjustments on loans primarily because of the loan sales.
(c)	4Q15 includes $14.2 million of loss accruals related to legal matters; 1Q15 includes $162.5 million of loss accruals related to the settlement of potential claims related to FHN’s underwriting and origination of FHA-insured mortgage loans; 2014 includes $110.4 million of loss accruals related to legal matters, partially offset by $75.0 million of expense reversals related to agreements with insurance companies for the recovery of expenses FHN incurred related to litigation losses in previous periods.

13

FHN REGIONAL BANKING

Quarterly, Unaudited

																4Q15 Changes vs.
	4Q15			3Q15			2Q15			1Q15			4Q14			3Q15			4Q14
Income Statement (thousands)
Net interest income	$	169,605		$	165,258		$	165,908		$	154,409		$	157,557			3	%		8	%
Provision for loan losses		5,856			6,696			17,078			4,915			5,568			(13	)%		5	%
Noninterest income:
NSF / Overdraft fees (a)		11,630			11,678			10,664			9,144			11,619			*			*
Cash management fees		8,637			8,482			8,884			8,878			8,719			2	%		(1	)%
Debit card income		3,302			3,313			3,323			3,060			3,113			*			6	%
Other		4,382			4,398			4,538			4,537			4,654			*			(6	)%
Total deposit transactions and cash management		27,951			27,871			27,409			25,619			28,105			*			(1	)%
Brokerage, management fees and commissions		11,021			11,620			12,456			11,399			11,647			(5	)%		(5	)%
Trust services and investment management		6,889			6,605			7,432			6,713			6,960			4	%		(1	)%
Bankcard income		5,423			5,257			5,587			4,977			5,537			3	%		(2	)%
Other service charges		2,358			2,562			2,637			2,422			2,395			(8	)%		(2	)%
Miscellaneous revenue		9,008			8,858			10,468			9,074			9,687			2	%		(7	)%
Total noninterest income		62,650			62,773			65,989			60,204			64,331			*			(3	)%
Noninterest expense:
Employee compensation, incentives, and benefits		51,481			49,078			49,692			48,272			46,175			5	%		11	%
Other (b)		96,295			86,698			94,511			87,508			91,371			11	%		5	%
Total noninterest expense		147,776			135,776			144,203			135,780			137,546			9	%		7	%
Income before income taxes	$	78,623		$	85,559		$	70,616		$	73,918		$	78,774			(8	)%		*
PPNR (c)		84,479			92,255			87,694			78,833			84,342			(8	)%		*
Efficiency ratio (d)		63.63	%		59.54	%		62.18	%		63.27	%		61.99	%
Balance Sheet (millions)
Average loans	$	14,760		$	14,312		$	14,326		$	13,513		$	13,129			3	%		12	%
Average other earning assets		42			58			55			48			52			(28	)%		(19	)%
Total average earning assets		14,802			14,370			14,381			13,561			13,181			3	%		12	%
Average core deposits		17,351			16,976			16,752			16,263			15,335			2	%		13	%
Average other deposits		338			354			406			423			452			(5	)%		(25	)%
Total average deposits		17,689			17,330			17,158			16,686			15,787			2	%		12	%
Total period-end deposits		18,077			17,287			17,226			17,240			16,373			5	%		10	%
Total period-end assets		16,394			15,163			15,264			14,894			14,350			8	%		14	%
Net interest margin (e)		4.61	%		4.63	%		4.69	%		4.68	%		4.78	%
Net interest spread		3.36			3.33			3.35			3.37			3.36
Loan yield		3.48			3.45			3.48			3.51			3.50
Deposit average yield		0.12			0.12			0.13			0.14			0.14
Key Statistics
Financial center locations (f)		177			174			175			178			178			2	%		(1	)%

Certain previously reported amounts have been reclassified to agree with current presentation

* Amount is less than one percent.

(a)	1Q15 levels primarily attributable to seasonality in NSF fees.
(b)	3Q15 decrease primarily driven by lower allocated personnel expenses due in large part to gains recognized in third quarter related to an employee benefit plan amendment.
(c)	Pre-provision net revenue is not a GAAP number but is used in regulatory stress test reporting. The presentation of PPNR in this Financial Supplement follows the regulatory definition.
(d)	Noninterest expense divided by total revenue.
(e)	Net interest margin is computed using total net interest income adjusted for FTE assuming a statutory federal income tax rate of 35 percent and, where applicable, state income taxes.
(f)	4Q15 increase related to the TrustAtlantic acquisition.

14

FHN FIXED INCOME

Quarterly, Unaudited

																4Q15 Changes vs.
	4Q15			3Q15			2Q15			1Q15			4Q14			3Q15			4Q14
Income Statement (thousands)
Net interest income	$	3,906		$	3,008		$	4,297		$	4,323		$	3,675			30	%		6	%
Noninterest income:
Fixed income product revenue		52,713			42,969			46,685			53,510			39,030			23	%		35	%
Other		9,276			8,787			9,316			8,055			9,476			6	%		(2	)%
Total noninterest income		61,989			51,756			56,001			61,565			48,506			20	%		28	%
Noninterest expense (a)		54,530			59,783			51,214			54,683			46,218			(9	)%		18	%
Income/(loss) before income taxes	$	11,365		$	(5,019	)	$	9,084		$	11,205		$	5,963			NM			91	%
Efficiency ratio (b)		82.75	%		NM			84.93	%		82.99	%		88.57	%
Fixed income product average daily revenue	$	850		$	671		$	729		$	877		$	630			27	%		35	%
Balance Sheet (millions)
Average trading inventory	$	1,303		$	1,133		$	1,358		$	1,366		$	1,177			15	%		11	%
Average other earning assets		805			763			761			781			677			6	%		19	%
Total average earning assets		2,108			1,896			2,119			2,147			1,854			11	%		14	%
Total period-end assets		1,778			2,361			2,273			2,808			2,138			(25	)%		(17	)%
Net interest margin (c)		0.82	%		0.73	%		0.87	%		0.83	%		0.85	%

Certain previously reported amounts have been reclassified to agree with current presentation.

NM - Not meaningful

(a)	3Q15 includes an $11.6 million charge to litigation and regulatory matters related to the resolution of a legal matter.
(b)	Noninterest expense divided by total revenue.
(c)	Net interest margin is computed using total net interest income adjusted for FTE assuming a statutory federal income tax rate of 35 percent and, where applicable, state income taxes.

FHN CORPORATE

Quarterly, Unaudited

																4Q15 Changes vs.
	4Q15			3Q15			2Q15			1Q15			4Q14			3Q15			4Q14
Income Statement (thousands)
Net interest income/(expense)	$	(19,230	)	$	(19,037	)	$	(17,376	)	$	(16,084	)	$	(18,038	)		(1	)%		(7	)%
Noninterest income excluding securities gains/(losses) (a)		4,046			8,904			3,893			5,109			4,400			(55	)%		(8	)%
Securities gains/(losses), net		1,439			(345	)		8			276			—			NM			NM
Noninterest expense (b)		17,446			11,521			13,770			14,169			14,017			51	%		24	%
Loss before income taxes	$	(31,191	)	$	(21,999	)	$	(27,245	)	$	(24,868	)	$	(27,655	)		(42	)%		(13	)%
Average Balance Sheet (millions)
Average loans	$	110		$	120		$	128		$	138		$	148			(8	)%		(26	)%
Total earning assets	$	4,830		$	4,592		$	4,282		$	5,162		$	4,703			5	%		3	%
Net interest margin (c)		(1.56	)%		(1.63	)%		(1.63	)%		(1.28	)%		(1.40	)%

NM - Not meaningful

(a)	3Q15 includes a $5.8 million gain related to the extinguishment of debt.
(b)	4Q15 includes $2.8 million of impairment related to a tax credit investment accounted for under the equity method and $2.7 million of costs related to the TrustAtlantic acquisition.
(c)	Net interest margin is computed using total net interest income adjusted for FTE assuming a statutory federal income tax rate of 35 percent and, where applicable, state income taxes.

15

FHN NON-STRATEGIC

Quarterly, Unaudited

																4Q15 Changes vs.
	4Q15			3Q15			2Q15			1Q15			4Q14			3Q15			4Q14
Income Statement (thousands)
Net interest income	$	12,371		$	14,333		$	13,811		$	14,218		$	15,856			(14	)%		(22	)%
Noninterest income (a)		2,108			2,015			4,410			2,535			2,361			5	%		(11	)%
Noninterest expense (b)		23,988			8,356			9,207			171,589			9,528			NM			NM
Provision/(provision credit) for loan losses		(4,856	)		(5,696	)		(15,078	)		85			432			15	%		NM
Income/(loss) before income taxes	$	(4,653	)	$	13,688		$	24,092		$	(154,921	)	$	8,257			NM			NM
Average Balance Sheet (millions)
Loans	$	2,073		$	2,201		$	2,337		$	2,472		$	2,592			(6	)%		(20	)%
Loans held-for-sale		109			113			115			120			125			(4	)%		(13	)%
Trading securities		5			5			5			5			6			*			(17	)%
Allowance for loan losses		(76	)		(87	)		(99	)		(105	)		(110	)		(13	)%		(31	)%
Other assets		13			14			51			63			72			(7	)%		(82	)%
Total assets		2,124			2,246			2,409			2,555			2,685			(5	)%		(21	)%
Net interest margin (c)		2.25	%		2.46	%		2.25	%		2.19	%		2.32	%
Efficiency ratio (d)		NM			51.11	%		50.53	%		NM			52.30	%
Mortgage Warehouse - Period-end (millions)
Ending warehouse balance (loans held-for-sale)	$	101		$	104		$	106		$	108		$	115			(3	)%		(12	)%
Key Servicing Metric
Ending servicing portfolio (millions) (e)	$	837		$	879		$	922		$	966		$	1,013			(5	)%		(17	)%

NM - Not meaningful

* Amount is less than one percent.

(a)	2Q15 includes a $2.7 million pre-tax gain on sale of property.
(b)	4Q15 includes $14.2 million of loss accruals related to legal matters; 1Q15 includes $162.5 million of loss accruals related to the settlement of potential claims related to FHN’s underwriting and origination of FHA-insured mortgage loans.
(c)	Net interest margin is computed using total net interest income adjusted for FTE assuming a statutory federal income tax rate of 35 percent and, where applicable, state income taxes.
(d)	Noninterest expense divided by total revenue excluding securities gains/(losses).
(e)	Includes mortgage loans serviced from FHN’s legacy mortgage banking business, legacy equity lending serviced for others, and mortgage loans in portfolio and warehouse.

16

FHN ASSET QUALITY: CONSOLIDATED

Quarterly, Unaudited

																4Q15 Changes vs.
(Thousands)	4Q15			3Q15			2Q15			1Q15			4Q14			3Q15			4Q14
Allowance for Loan Losses Walk-Forward
Beginning reserve	$	210,814		$	221,351		$	228,328		$	232,448		$	238,641			(5	)%		(12	)%
Provision		1,000			1,000			2,000			5,000			6,000			*			(83	)%
Charge-offs		(16,614	)		(21,810	)		(19,434	)		(17,999	)		(23,306	)		(24	)%		(29	)%
Recoveries		15,042			10,273			10,457			8,879			11,113			46	%		35	%
Ending balance	$	210,242		$	210,814		$	221,351		$	228,328		$	232,448			*			(10	)%
Reserve for unfunded commitments		5,926			6,231			5,561			4,135			4,770			(5	)%		24	%
Total allowance for loan losses plus reserve for unfunded commitments	$	216,168		$	217,045		$	226,912		$	232,463		$	237,218			*			(9	)%
Allowance for Loan Losses
Regional Banking	$	137,586		$	128,942		$	132,741		$	125,982		$	126,812			7	%		8	%
Non-Strategic		72,656			81,872			88,610			102,346			105,636			(11	)%		(31	)%
Total allowance for loan losses	$	210,242		$	210,814		$	221,351		$	228,328		$	232,448			*			(10	)%
Nonperforming Assets
Regional Banking
Nonperforming loans	$	56,475		$	50,986		$	69,094		$	63,620		$	64,654			11	%		(13	)%
Foreclosed real estate (a)		16,298			17,042			19,230			19,704			20,451			(4	)%		(20	)%
Total Regional Banking	$	72,773		$	68,028		$	88,324		$	83,324		$	85,105			7	%		(14	)%
Non-Strategic
Nonperforming loans	$	120,946		$	129,951		$	130,894		$	133,804		$	135,740			(7	)%		(11	)%
Nonperforming loans held-for-sale after fair value adjustments		7,846			7,347			6,372			6,888			7,643			7	%		3	%
Foreclosed real estate (a)		8,679			8,830			9,879			9,977			9,979			(2	)%		(13	)%
Total Non-Strategic	$	137,471		$	146,128		$	147,145		$	150,669		$	153,362			(6	)%		(10	)%
Corporate
Nonperforming loans	$	1,677		$	3,043		$	3,079		$	2,805		$	3,045			(45	)%		(45	)%
Total nonperforming assets	$	211,921		$	217,199		$	238,548		$	236,798		$	241,512			(2	)%		(12	)%
Net Charge-Offs
Regional Banking	$	(2,787	)	$	10,495		$	10,318		$	5,745		$	6,629			NM			NM
Non-Strategic		4,359			1,042			(1,341	)		3,375			5,564			NM			(22	)%
Total net charge-offs	$	1,572		$	11,537		$	8,977		$	9,120		$	12,193			(86	)%		(87	)%
Consolidated Key Ratios (b)
NPL %		1.01	%		1.10	%		1.20	%		1.20	%		1.25	%
NPA %		1.15			1.25			1.37			1.37			1.44
Net charge-offs %		0.04			0.28			0.21			0.23			0.30
Allowance / loans		1.19			1.26			1.31			1.36			1.43
Allowance / NPL		1.17	x		1.15	x		1.09	x		1.14	x		1.14	x
Allowance / NPA		1.03	x		1.00	x		0.95	x		0.99	x		0.99	x
Allowance / net charge-offs		NM			4.61	x		6.15	x		6.17	x		4.81	x
Other
Loans past due 90 days or more (c)	$	40,591		$	38,455		$	39,077		$	46,889		$	50,699			6	%		(20	)%
Guaranteed portion (c)		16,631			16,856			16,221			18,552			24,036			(1	)%		(31	)%
Foreclosed real estate from government insured loans		8,606			9,460			11,159			10,096			9,492			(9	)%		(9	)%
Period-end loans, net of unearned income (millions)		17,687			16,725			16,937			16,732			16,230			6	%		9	%

NM - Not meaningful
* Amount is less than one percent.
(a)	Excludes foreclosed real estate from government-insured mortgages.
(b)	See Glossary of Terms for definitions of Consolidated Key Ratios.
(c)	Includes loans held-for-sale.

17

FHN ASSET QUALITY: CONSOLIDATED

Quarterly, Unaudited

																4Q15 Changes vs.
	4Q15			3Q15			2Q15			1Q15			4Q14			3Q15			4Q14
Key Portfolio Details
C&I
Period-end loans ($ millions)	$	10,436		$	9,610		$	9,833		$	9,638		$	9,007			9	%		16	%
30+ Delinq. % (a)		0.08	%		0.09	%		0.08	%		0.07	%		0.05	%
NPL %		0.25			0.31			0.44			0.35			0.36
Charge-offs % (qtr. annualized)		NM			0.26			0.17			0.07			0.19
Allowance / loans %		0.71	%		0.74	%		0.80	%		0.70	%		0.74	%
Allowance / charge-offs		NM			2.83	x		4.85	x		10.41	x		4.05	x
Commercial Real Estate
Period-end loans ($ millions)	$	1,675		$	1,488		$	1,401		$	1,321		$	1,278			13	%		31	%
30+ Delinq. % (a) (b)		0.27	%		0.43	%		0.23	%		0.33	%		0.14	%
NPL %		0.52			0.54			0.84			1.01			1.20
Charge-offs % (qtr. annualized)		0.29			NM			0.22			0.03			NM
Allowance / loans %		1.50	%		1.70	%		1.53	%		1.34	%		1.45	%
Allowance / charge-offs		5.39	x		NM			7.29	x		45.37	x		NM
Consumer Real Estate
Period-end loans ($ millions)	$	4,767		$	4,814		$	4,870		$	4,923		$	5,048			(1	)%		(6	)%
30+ Delinq. % (a)		1.00	%		0.92	%		0.94	%		0.98	%		1.10	%
NPL %		2.33			2.32			2.35			2.43			2.39
Charge-offs % (qtr. annualized)		0.09			0.18			NM			0.31			0.38
Allowance / loans %		1.69	%		1.71	%		1.75	%		2.22	%		2.24	%
Allowance / charge-offs		NM			9.41	x		NM			7.06	x		5.85	x
Permanent Mortgage
Period-end loans ($ millions)	$	454		$	464		$	488		$	512		$	539			(2	)%		(16	)%
30+ Delinq. % (a)		2.11	%		2.01	%		2.26	%		2.76	%		1.72	%
NPL %		6.97			7.30			6.66			6.43			6.32
Charge-offs % (qtr. annualized)		NM			0.67			0.11			0.44			1.00
Allowance / loans %		4.17	%		4.33	%		4.59	%		3.94	%		3.55	%
Allowance / charge-offs		NM			6.25	x		40.53	x		8.79	x		3.46	x
Credit Card and Other
Period-end loans ($ millions)	$	355		$	349		$	346		$	338		$	358			2	%		(1	)%
30+ Delinq. % (a)		1.08	%		1.19	%		1.09	%		1.20	%		1.42	%
NPL %		0.38			0.21			0.22			0.22			0.21
Charge-offs % (qtr. annualized)		2.56			2.79			5.73			3.51			3.33
Allowance / loans %		3.35	%		3.28	%		3.84	%		4.01	%		4.11	%
Allowance / charge-offs		1.30	x		1.16	x		0.66	x		1.10	x		1.24	x

NM - Not meaningful
(a)	30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.
(b)	3Q15 increase was due to 2 purchased credit impaired loans from the 2013 MNB acquisition.

18

FHN ASSET QUALITY: REGIONAL BANKING

Quarterly, Unaudited

																4Q15 Changes vs.
	4Q15			3Q15			2Q15			1Q15			4Q14			3Q15			4Q14
Total Regional Banking
Period-end loans ($ millions)	$	15,571		$	14,483		$	14,556		$	14,200		$	13,568			8	%		15	%
30+ Delinq. % (a)		0.23	%		0.25	%		0.21	%		0.24	%		0.22	%
NPL %		0.36			0.35			0.47			0.45			0.48
Charge-offs % (qtr. annualized)		NM			0.29			0.29			0.17			0.20
Allowance / loans %		0.88	%		0.89	%		0.91	%		0.89	%		0.93	%
Allowance / charge-offs		NM			3.10	x		3.21	x		5.41	x		4.82	x
Key Portfolio Details
C&I
Period-end loans ($ millions)	$	10,015		$	9,178		$	9,398		$	9,185		$	8,553			9	%		17	%
30+ Delinq. % (a)		0.08	%		0.10	%		0.08	%		0.07	%		0.05	%
NPL %		0.23			0.18			0.32			0.24			0.24
Charge-offs % (qtr. annualized)		NM			0.33			0.18			0.08			0.21
Allowance / loans %		0.72	%		0.72	%		0.78	%		0.68	%		0.72	%
Allowance / charge-offs		NM			2.21	x		4.48	x		9.42	x		3.62	x
Commercial Real Estate
Period-end loans ($ millions)	$	1,675		$	1,488		$	1,400		$	1,320		$	1,273			13	%		32	%
30+ Delinq. % (a) (b)		0.27	%		0.43	%		0.23	%		0.32	%		0.14	%
NPL %		0.52			0.54			0.84			1.00			1.14
Charge-offs % (qtr. annualized)		0.31			NM			0.22			0.03			NM
Allowance / loans %		1.50	%		1.70	%		1.53	%		1.33	%		1.43	%
Allowance / charge-offs		4.99 x			NM			7.22	x		52.33	x		NM
Consumer Real Estate
Period-end loans ($ millions)	$	3,515		$	3,469		$	3,413		$	3,358		$	3,385			1	%		4	%
30+ Delinq. % (a)		0.52	%		0.48	%		0.47	%		0.55	%		0.57	%
NPL %		0.68			0.75			0.78			0.84			0.86
Charge-offs % (qtr. annualized)		0.11			0.11			0.08			0.15			0.11
Allowance / loans %		0.83	%		0.79	%		0.73	%		0.97	%		0.95	%
Allowance / charge-offs		7.68	x		7.62	x		9.73	x		6.45	x		8.55	x
Credit Card, Permanent Mortgage, and Other
Period-end loans ($ millions)	$	366		$	348		$	345		$	337		$	357			5	%		3	%
30+ Delinq. % (a)		1.13	%		1.33	%		1.18	%		1.29	%		1.51	%
NPL %		0.29			0.14			0.14			0.15			0.14
Charge-offs % (qtr. annualized) (c)		2.40			2.49			5.57			3.22			3.00
Allowance / loans %		3.04	%		3.00	%		3.72	%		3.88	%		4.06	%
Allowance / charge-offs		1.29	x		1.19	x		0.66	x		1.16	x		1.36	x
ASSET QUALITY: CORPORATE
Permanent Mortgage
Period-end loans ($ millions)	$	97		$	107		$	113		$	123		$	136			(9	)%		(29	)%
30+ Delinq. % (a)		2.92	%		2.95	%		2.51	%		3.41	%		2.32	%
NPL %		1.72			2.85			2.72			2.29			2.25
Charge-offs % (qtr. annualized)		NM			NM			NM			NM			NM
Allowance / loans %		NM			NM			NM			NM			NM
Allowance / charge-offs		NM			NM			NM			NM			NM

NM - Not meaningful
(a)	30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.
(b)	3Q15 increase was due to 2 purchased credit impaired loans from the 2013 MNB acquisition.
(c)	2Q15 increase was primarily driven by charge-offs in a sub segment of the credit card portfolio which had previously been reserved for.

19

FHN ASSET QUALITY: NON-STRATEGIC

Quarterly, Unaudited

																4Q15 Changes vs.
	4Q15			3Q15			2Q15			1Q15			4Q14			3Q15			4Q14
Total Non-Strategic
Period-end loans ($ millions)	$	2,018		$	2,135		$	2,268		$	2,409		$	2,527			(5	)%		(20	)%
30+ Delinq. % (a)		1.77	%		1.57	%		1.67	%		1.67	%		1.67	%
NPL %		5.99			6.08			5.77			5.55			5.37
Charge-offs % (qtr. annualized)		0.83			0.19			NM			0.55			0.85
Allowance / loans %		3.60	%		3.83	%		3.91	%		4.25	%		4.18	%
Allowance / charge-offs		4.20	x		19.80	x		NM			7.48	x		4.79	x
Key Portfolio Details
Commercial
Period-end loans ($ millions)	$	422		$	432		$	435		$	454		$	459			(2	)%		(8	)%
30+ Delinq. % (a)		0.02	%		0.02	%		0.02	%		0.10	%		0.05	%
NPL %		0.83			3.08			3.07			2.70			2.78
Charge-offs % (qtr. annualized)		3.87			NM			NM			NM			NM
Allowance / loans %		0.34	%		1.35	%		1.24	%		1.10	%		1.18	%
Allowance / charge-offs		0.09	x		NM			NM			NM			NM
Consumer Real Estate
Period-end loans ($ millions)	$	1,251		$	1,345		$	1,458		$	1,565		$	1,663			(7	)%		(25	)%
30+ Delinq. % (a)		2.34	%		2.07	%		2.06	%		1.92	%		2.17	%
NPL %		6.97			6.36			6.03			5.83			5.51
Charge-offs % (qtr. annualized)		0.04			0.37			NM			0.64			0.91
Allowance / loans %		4.12	%		4.09	%		4.14	%		4.90	%		4.86	%
Allowance / charge-offs		NM			10.67	x		NM			7.36	x		5.19	x
Permanent Mortgage
Period-end loans ($ millions)	$	336		$	348		$	365		$	379		$	393			(3	)%		(15	)%
30+ Delinq. % (a)		1.88	%		1.58	%		2.12	%		2.50	%		1.40	%
NPL %		8.80			8.71			7.92			7.82			7.78
Charge-offs % (qtr. annualized)		NM			0.90			0.14			0.59			1.44
Allowance / loans %		5.61	%		5.75	%		6.11	%		5.32	%		4.83	%
Allowance / charge-offs		NM			6.23	x		44.22	x		8.82	x		3.30	x
Other Consumer
Period-end loans ($ millions)	$	9		$	10		$	10		$	11		$	12			(10	)%		(25	)%
30+ Delinq. % (a)		1.47	%		1.77	%		1.31	%		1.40	%		2.48	%
NPL %		7.28			7.09			6.86			6.66			6.22
Charge-offs % (qtr. annualized)		5.37			10.22			5.97			9.24			8.21
Allowance / loans %		9.07	%		10.34	%		4.95	%		4.69	%		3.43	%
Allowance / charge-offs		1.67	x		0.98	x		0.81	x		0.49	x		0.41	x

Certain previously reported amounts have been reclassified to agree with current presentation.

NM - Not meaningful

(a) 30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.

20

FHN: PORTFOLIO METRICS

Unaudited

C&I Portfolio: $10.4 Billion (59.0% of Total Loans) as of December 31, 2015

	% OS
General Corporate, Commercial, and Business Banking Loans		79	%
Loans to Mortgage Companies		17	%
Trust Preferred Loans		3	%
Bank Holding Company Loans		1	%

Consumer Real Estate (primarily Home Equity) Portfolio: $4.8 Billion (27.0% of Total Loans)

Origination LTV and FICO for Portfolio as of December 31, 2015		Loan-to-Value
(excludes whole loan insurance)		<=60%	>60% - <=80%		>80% - 90%	>90%
	FICO score greater than or equal to 740	11%		23%	17%	11%
	FICO score 720-739	1%		4%	4%	3%
	FICO score 700-719	1%		3%	3%	2%
	FICO score 660-699	1%		4%	3%	3%
	FICO score 620-659	1%		1%	1%	1%
	FICO score less than 620	—%		1%	—%	1%

Origination LTV and FICO for Portfolio - Regional Bank as of December 31, 2015		Loan-to-Value
(excludes whole loan insurance)		<=60%	>60% - <=80%		>80% - 90%	>90%
	FICO score greater than or equal to 740	12%		24%	17%	13%
	FICO score 720-739	1%		4%	4%	3%
	FICO score 700-719	1%		3%	2%	2%
	FICO score 660-699	1%		3%	3%	2%
	FICO score 620-659	1%		1%	1%	—%
	FICO score less than 620	—%		1%	—%	1%

Origination LTV and FICO for Portfolio - Non-Strategic as of December 31, 2015		Loan-to-Value
(excludes whole loan insurance)		<=60%	>60% - <=80%		>80% - 90%	>90%
	FICO score greater than or equal to 740	7%		21%	15%	5%
	FICO score 720-739	2%		6%	6%	2%
	FICO score 700-719	2%		6%	6%	2%
	FICO score 660-699	2%		5%	4%	4%
	FICO score 620-659	—%		1%	2%	1%
	FICO score less than 620	—%		—%	—%	1%

Consumer Real Estate Portfolio Detail:

		Origination Characteristics
Vintage	Balances ($B)	W/A Age (mo.)	CLTV	FICO	% TN	% 1st lien
pre-2003	$0.1	167	77%	703	40%	30%
2003	$0.1	150	77%	717	29%	35%
2004	$0.2	137	80%	718	19%	28%
2005	$0.4	125	82%	725	15%	16%
2006	$0.4	114	79%	730	21%	18%
2007	$0.5	102	81%	737	26%	19%
2008	$0.2	91	75%	745	73%	50%
2009	$0.1	79	72%	747	86%	57%
2010	$0.2	65	79%	752	92%	72%
2011	$0.3	53	77%	760	89%	86%
2012	$0.6	42	77%	764	90%	91%
2013	$0.5	31	78%	755	86%	85%
2014	$0.5	18	81%	757	86%	89%
2015	$0.7	6	80%	758	81%	88%
Total	$4.8	64	79%	747 (a)	64%	62%

(a) 747 average portfolio origination FICO; 743 weighted average portfolio FICO (refreshed).

21

FHN NON-GAAP TO GAAP RECONCILIATION

Quarterly, Unaudited

(Dollars and shares in thousands, except per share data)	4Q15			3Q15			2Q15			1Q15			4Q14
Tangible Common Equity (Non-GAAP)
(A) Total equity (GAAP)	$	2,639,586		$	2,580,245		$	2,517,905		$	2,499,257		$	2,581,590
Less: Noncontrolling interest (a)		295,431			295,431			295,431			295,431			295,431
Less: Preferred stock		95,624			95,624			95,624			95,624			95,624
(B) Total common equity	$	2,248,531		$	2,189,190		$	2,126,850		$	2,108,202		$	2,190,535
Less: Intangible assets (GAAP) (b)		217,522			171,556			172,854			174,152			175,450
(C) Tangible common equity (Non-GAAP)	$	2,031,009		$	2,017,634		$	1,953,996		$	1,934,050		$	2,015,085
Tangible Assets (Non-GAAP)
(D) Total assets (GAAP)	$	26,195,136		$	25,387,319		$	25,239,767		$	25,715,888		$	25,668,187
Less: Intangible assets (GAAP) (b)		217,522			171,556			172,854			174,152			175,450
(E) Tangible assets (Non-GAAP)	$	25,977,614		$	25,215,763		$	25,066,913		$	25,541,736		$	25,492,737
Average Tangible Common Equity (Non-GAAP)
(F) Average total equity (GAAP)	$	2,659,575		$	2,545,544		$	2,511,929		$	2,607,521		$	2,651,729
Less: Average noncontrolling interest (a)		295,431			295,431			295,431			295,431			295,431
Less: Average preferred stock		95,624			95,624			95,624			95,624			95,624
(G) Total average common equity	$	2,268,520		$	2,154,489		$	2,120,874		$	2,216,466		$	2,260,674
Less: Average intangible assets (GAAP) (b)		211,757			172,191			173,486			174,787			165,769
(H) Average tangible common equity (Non-GAAP)	$	2,056,763		$	1,982,298		$	1,947,388		$	2,041,679		$	2,094,905
Annualized Net Income/(Loss) Available to Common Shareholders
(I) Net income/(loss) available to common shareholders (annualized)	$	186,590		$	233,302		$	202,780		$	(311,114	)	$	186,904
Period-end Shares Outstanding
(J) Period-end shares outstanding		238,587			234,237			234,021			233,499			234,220
Tier 1 Common (Non-GAAP)
(K) Tier 1 capital (c)		(f)			(f)			(f)			(f)		$	2,813,503
Less: Noncontrolling interest - FTBNA preferred stock (d)		(f)			(f)			(f)			(f)			294,816
Less: Preferred Stock		(f)			(f)			(f)			(f)			95,624
Less: Trust preferred (e)		(f)			(f)			(f)			(f)			200,000
(L) Tier 1 common (Non-GAAP)		(f)			(f)			(f)			(f)		$	2,223,063
Risk Weighted Assets
(M) Risk weighted assets (c)		(f)			(f)			(f)			(f)		$	19,452,656
Ratios
(I)/(H) Return on average tangible common equity (“ROTCE”) (Non-GAAP)		9.07	%		11.77	%		10.41	%		(15.24	)%		8.92	%
(I)/(G) Return on common equity (GAAP)		8.23	%		10.83	%		9.56	%		(14.04	)%		8.27	%
(C)/(E) Tangible common equity to tangible assets (“TCE/TA”) (Non-GAAP)		7.82	%		8.00	%		7.80	%		7.57	%		7.90	%
(A)/(D) Total equity to total assets (GAAP)		10.08	%		10.16	%		9.98	%		9.72	%		10.06	%
(C)/(J) Tangible book value per common share (Non-GAAP)	$	8.51		$	8.61		$	8.35		$	8.28		$	8.60
(B)/(J) Book value per common share (GAAP)	$	9.42		$	9.35		$	9.09		$	9.03		$	9.35
(L)/(M) Tier 1 common to risk weighted assets (Non-GAAP)		(f)			(f)			(f)			(f)			11.43	%
(K)/(D) Tier 1 capital to total assets (GAAP)		(f)			(f)			(f)			(f)			10.96	%

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)	Defined by and calculated in conformity with bank regulations.
(d)	Represents FTBNA preferred stock included in noncontrolling interest.
(e)	Included in Term borrowings on the Consolidated Balance Sheet.
(f)	In periods prior to 1Q15, these measures were used to reconcile non-GAAP to GAAP information.

22

FHN GLOSSARY OF TERMS

Average Assets for Leverage:The amount of assets a company uses to calculate the leverage ratio, which includes average total assets less disallowed portions of goodwill, other intangibles, and deferred tax assets, as well as certain other regulatory adjustments made to tier 1 capital.

Common Equity Tier 1:A measure of a company’s capital position under U.S. Basel III capital rules first applicable to FHN in 2015, which includes common equity less goodwill, other intangibles and certain other required regulatory deductions as defined in those rules. Common Equity Tier 1 capital under U.S. Basel III in 2015 is not the same as the non-regulatory Tier 1 Common capital commonly used prior to 2015; comparisons between the two are not meaningful.

Core Businesses:Management considers regional banking, fixed income, and corporate as FHN’s core businesses. Non-strategic has significant legacy assets and operations that are being wound down.

Fully Taxable Equivalent (“FTE”):Reflects the amount of tax-exempt income adjusted to a level that would yield the same after-tax income had that income been subject to taxation.

Tier 1 Capital Ratio: Ratio consisting of shareholders’ equity adjusted for certain unrealized gains/(losses) on available-for-sale securities, reduced by goodwill, certain other intangible assets, the disallowable portion of mortgage servicing rights and other disallowed assets divided by risk-adjusted assets. The components of Tier 1 capital, including the risk-adjustment of assets, changed significantly for FHN beginning in 2015 so that comparisons of a Tier 1 capital ratio after 2014 with a ratio prior to 2015 may not be meaningful.

Tier 1 Common: A measure of a company’s capital position associated with U.S. capital rules applicable to FHN prior to 2015, which includes Tier 1 capital as then defined less preferred stock amounts.

Troubled Debt Restructuring (“TDR”):A restructuring of debt whereby a creditor for economic or legal reasons related to the borrower’s financial difficulties grants a concession to the borrower that it would not otherwise consider. Such concession is granted in an attempt to protect as much of the creditor’s investment as possible by increasing the probability of repayment.

Key Ratios

Return on Average Assets:Ratio is annualized net income to average total assets.

Return on Average Common Equity: Ratio is annualized net income available to common shareholders to average common equity.

Return on Average Tangible Common Equity: Ratio is annualized net income available to common shareholders to average tangible common equity.

Fee Income to Total Revenue:Ratio is fee income excluding securities gains/(losses) to total revenue excluding securities gains/(losses).

Efficiency Ratio:Ratio is noninterest expense to total revenue excluding securities gains/(losses).

Leverage Ratio:Ratio is tier 1 capital to average assets for leverage.

Asset Quality - Consolidated Key Ratios

NPL %:Ratio is nonperforming loans in the loan portfolio to total period-end loans.

NPA %: Ratio is nonperforming assets related to the loan portfolio to total period-end loans plus foreclosed real estate and other assets.

Net charge-offs %:Ratio is annualized net charge-offs to total average loans.

Allowance / loans:Ratio is allowance for loan losses to total period-end loans.

Allowance / NPL:Ratio is allowance for loan losses to nonperforming loans in the loan portfolio.

Allowance / NPA: Ratio is allowance for loan losses to nonperforming assets related to the loan portfolio.

Allowance / charge-offs: Ratio is allowance for loan losses to annualized net charge-offs.

23

First Horizon National Corporation Fourth Quarter 2015 Earnings January 19, 2016

2 ▪ Portions of this presentation use non - GAAP financial information. Each of those portions is so noted, and a reconciliation of that non - GAAP information to comparable GAAP information is provided in a footnote or in the appendix at the end of this presentation. ▪ This presentation contains forward - looking statements, which may include guidance, involving significant risks and uncertainties which will be identified by words such as “ believe”,“expect”,“anticipate”,“intend”,“estimate ”, “ should”,“is likely”,“will”,“going forward” and other expressions that indicate future events and trends and may be followed by or reference cautionary statements. A number of factors could cause actual results to differ materially from those in the forward - looking statements. These factors are outlined in our recent earnings and other press releases and in more detail in the most current 10 - Q and 10 - K. FHN disclaims any obligation to update any such forward - looking statements or to publicly announce the result of any revisions to any of the forward - looking statements to reflect future events or developments.

3 2015 Accomplishments Building Franchise Value ▪ Increased dividend by 20% in 1Q15 ▪ Closed TrustAtlantic Financial acquisition in 4Q15 ▪ Repurchased $28mm or 2mm shares in 2015; $133mm authorization remaining Non - Strategic Headwind Abating Strong Core Businesses Performance All comparisons are from 2014 to 2015. Smartly Deploying Capital Regional Banking ▪ Regional Banking loans up 13% ▪ Regional Banking average core deposits up 13% ▪ Added 18 new bankers across all markets and specialty lending areas Fixed Income ▪ Average Daily Revenues increased 15% ▪ FTN finished 2015 as #1 global underwriter of callable GSE debt ▪ Continued expansion of fixed income sales force with 10 strategic new hires ▪ Settled DOJ/HUD litigation in April 2015 ▪ Non - strategic loans declined to 14% of total average loans from 18% in 2014 ▪ Non - strategic portfolio loan yield at 3.70% with net charge - offs of 33bps in 2015

FINANCIAL RESULTS 4

$ in millions Financial Results Actuals FY 2014 FY 2015 vs Financial Results 5 Numbers may not add to total due to rounding. * Amount is less than 1% 1 Adjusted Fee Income, Adjusted Expense and Adjusted Net Income Available to Common Shareholders are Non - GAAP numbers and are reco nciled in the appendix. Net Interest Income Fee Income Loan Loss Provision 4Q15 $167 Expense $132 $1 $244 4Q15 vs +5% +11% - 83% +18% FY 2015 $654 $517 $9 $1,054 3Q15 +2% +6% * +13% 4Q14 Net Income Available to Common Shareholders $47 $80 * - 20% Total Average Loans ($B) Total Average Core Deposits ($B) $16.9 $16.6 +7% +2% $19.0 $18.4 +14% +2% ▪ Balance sheet growth trends strong ▪ Revenue growth driven by regional bank loan growth and higher fixed income ▪ Expense growth driven by various notable items; core run rate trends solid ▪ Loan loss provision reflects lower charge - offs and continued stable credit quality +4% - 6% - 67% +27% - 63% +7% +15% Adjusted Expense 1 $132 $512 +11% +11% +6% Adjusted Net Income Available to Common Shareholders 1 $224 $866 +8% +6% +3% Adjusted Fee Income 1 $51 $191 +8% +5% +12%

2015 Adjusted Results Numbers may not add to total due to rounding. 1 Notable items after - tax impact calculated using ~39% incremental tax rate. EPS impacts calculated by dividing the after - tax impact by the 240 million diluted shares outstanding in 4Q15 and 236 million sh ares outstanding in 2015. 2 Adjusted NIAC and Adjusted EPS are Non - GAAP numbers and reconciled in the table. 3 2014 Adjusted, Adjusted Fee Income, Adjusted Expense and 2015 Adjusted are Non - GAAP numbers and are reconciled in the appendix. 6 Reported Results ($ in millions) Reported Net Income Available to Common Shareholders / EPS Litigation Settlements/Accruals Employee Benefit Plan Amendment Impairment of Tax Credit Investment Acquisition Related Expenses Adjusted Results Notable Items After - Tax Impact 1 Retirement of TRUPs Debt 4Q 15 $47 $(8.7) $(1.7) $(1.7) $0.20 Amounts $5.1 FY 20 15 $80 $(115.4) $(1.7) $(3.1) $3.6 $0.34 Amounts NIAC / EPS 2 $51 $0.21 $191 $0.81 Adjusted Pre - Tax Income Walk - Forward from 2014 to 2015 EPS EPS Effective Tax Rate Differential $8.1 $ 245 Net Interest Income $26 Adjusted Fee Income³ $29 Adjusted Expense³ $27 Loan Loss Provision $18 $290 $150 $200 $250 $300 $350 2014 Adjusted Pre-Tax Income³ 2015 Adjusted Pre-Tax Income³ 18% growth $(0.01) $(0.47) $350mm

4Q15 Segment Highlights 7 Drivers and Impacts Net Income 1 $ in millions, except EPS 4Q15 Per Share Impact 2 Regional Banking Fixed Income Corporate 1 Non - Strategic Total 1 3Q15 $55 $(3) $(2) $8 $59 4Q14 $51 $4 $(13) $5 $47 4Q15 $51 $7 $(8) $(3) $47 $0.21 $0.03 $(0.03) $(0.01) $0.20 ▪ Fixed income product ADR of $850k in 4Q15 vs $671k in 3Q15 ▪ 3Q15 expenses includes $11.6mm of litigation expense related to a legal matter ▪ 4Q15 includes litigation expense of $14.2mm ▪ Loan loss provision of $(5)mm in 4Q15 vs $(6)mm in 3Q15 ▪ Non - Strategic average loans declined 6% linked quarter and 20% year over year 4Q ▪ NII up 8% year over year and 3% linked quarter ▪ Average loans up 12% year over year 4Q and 3% linked quarter ▪ 3Q15 includes allocated benefits from the pre - tax gain related to the amendment to employee benefit plans ▪ 4Q15 expenses include increased headcount from TrustAtlantic , compensation enhancements and higher fixed costs Numbers may not add to total due to rounding. 1 Corporate and total show net income available to common, which reflects $3mm of noncontrolling interest and $1.6mm of preferr ed stock dividends in each quarter. 2 Segment EPS impacts are Non - GAAP numbers and reconciled in the table. EPS impacts are calculated using the 4Q15 net income colum n divided by the 240 million diluted shares outstanding. ▪ 4Q15 includes $2.8mm of impairment related to a tax credit investment and $2.7mm of acquisition costs related to TrustAtlantic ▪ 3Q15 includes $5.8mm of pre - tax gain on Trust Preferred debt retirement

Regional Banking Financial Results Solid Year over Year Balance Sheet and NII Growth 8 ▪ Net interest income growth driven primarily by higher loan balances ▪ Expense increase in 4Q15 primarily related to addition of TrustAtlantic and compensation enhancements; 3Q15 includes allocated benefits from the pre - tax gain related to the amendment to employee benefit plans ▪ Average loan growth largely due to growth in specialty lending portfolios and TrustAtlantic acquisition ▪ TrustAtlantic impacts: ▪ ~$4mm in revenue; ~$2mm in expense; ~$280mm in loans; ~$345mm in deposits Numbers may not add to total due to rounding. * Amount is less than 1%. 1 Adjusted Expense and Adjusted Net Income are Non - GAAP numbers and are reconciled in the appendix. Adjusted Net Income assumes an incremental tax rate of ~39%. $ in millions Financial Results Actuals FY 2014 FY 2015 vs Net Interest Income Fee Income Expense 4Q15 $170 Loan Loss Provision $63 $148 $6 4Q15 vs +8% - 3% +7% +5% FY 2015 $655 $252 $564 $35 3Q15 +3% * +9% - 13% 4Q14 Net Income $51 $198 * - 8% Total Average Loans ($B) Average Core Deposits ($B) $14.8 $14.2 +12% +3% $17.4 $16.8 +13% +2% +9% - 1% +5% +18% +7% +13% +13% Adjusted Net Income 1 $51 * $196 - 3% +5% Adjusted Expense 1 $148 +7% $568 +6% +5%

$3.25B $3.39B $3.50B $0.77B $0.75B $0.89B $1.86B $2.02B $2.09B $1.24B $1.39B $1.58B $2.13B $2.02B $2.03B $1.37B $1.53B $1.55B $1.40B $1.58B $1.70B $0.93B $1.41B $1.21B 4Q14 3Q15 4Q15 $0 $3 $6 $9 $12 $15 9 Profitable Growth Opportunities: Regional Banking Regional Banking Average Loans by Lending Area ▪ Regional Banking average loan growth of 12% year over year in 4Q15 and 3% linked quarter ▪ TrustAtlantic accounted for 2% of the growth year over year and linked quarter ▪ Average Commercial loans, excluding loans to mortgage companies, up 14% year over year in 4Q15 and 6% linked quarter ▪ Continued strong growth in specialty lending areas ▪ Commercial real estate growth is broad - based across all markets and reflects funding up of commitments ▪ Energy comprises less than 1% of commercial portfolio ▪ Growth in business banking and CRE largely driven by TrustAtlantic acquisition $15B Commercial Business PC/WM CRE Retail ABL Loans to Mtg Cos Numbers may not add to total due to rounding. Other Specialty 2015 Average Regional Bank Commercial Loans Corporate 9% CRE 14% ABL 15% Commercial 34% Healthcare 3% Correspondent 2% Energy 1% Specialty Lending Areas Loans to Mortgage Companies 13% +12%

Adjusted Net Income 2 10 Fixed Income - FTN Financial Financial Results Numbers may not add to total due to rounding. 1 2014 expense includes an insurance recovery and 2015 includes litigation expense. See notable items in appendix for further d eta ils. 2 Adjusted Expense and Adjusted Net Income are Non - GAAP numbers and are reconciled in the appendix. Adjusted Net Income assumes an incremental tax rate of ~39%. ▪ Fixed income product average daily revenue (ADR) at $850k in 4Q15, up 27% linked quarter ▪ Fixed income activity up from increased volatility, modestly higher rates and somewhat greater clarity around the interest rate environment ▪ Number one underwriter of callable GSE debt in 2015, with total underwritings nearly doubling to $21B ▪ Focused on investing in extensive fixed income distribution platform: ▪ 10 new strategic hires to increase market share ▪ Expansion of municipal products platform with revenue growth of 37% from 2014 to 2015 ▪ Continued development of public finance capability 2015 Fixed Income Revenue by Product Financial Results Other 3% Municipals 16% Corporates 21% Mortgages 30% Governments 29% Fee Income ADR $850k Expense 1 Net Income $7 $55 $4 $62 ($ in millions) NII 4Q15 $780k $18 $220 $16 $231 FY 2015 +27% NM - 9% +30% +20% 3Q15 +35% +89% +18% +6% +28% 4Q14 +15% - 59% +50% +22% +14% FY 2014 FY 2015 vs 4Q15 vs Actuals Adjusted Expense 2 $55 $210 +11% +18% +8% $7 $24 +92% +89% +73%

11 Net Interest Income Sensitivity Impact 1 Consolidated Net Interest Income and Net Interest Margin Balance Sheet Positioned to Benefit from Rising Rates +1.1% $7mm +2.3% +$16mm +4.8% +$33mm +9.5% +$65mm 0% 2% 4% 6% 8% 10% +25bps +50bps +100bps +200bps ▪ NII up $8mm or 5% year over year 4Q ▪ NIM at 2.82% ▪ Average core deposits up 2% linked quarter, 14% year over year in 4Q15 ▪ Attractive and stable low - cost funding mix in Regional Banking with 60% DDA and interest checking deposits ▪ Regional Banking average deposit rate paid of 12 bps in 4Q15, steady vs 3Q15 ▪ Floating rate loans comprise 67% of loan portfolio vs fixed rate loans at 33% Average Deposit Growth NII and NIM Linked - Quarter Change Drivers +3% +6% Linked Quarter Growth: Year Over Year Growth 4Q15: Consumer Commercial Commercial +20% Numbers may not add to total due to rounding. 1 NII sensitivity analysis uses FHN’s balance sheet as of 4Q15. Bps impact assumes increase in Fed Funds rate. Non - Strategic is interest rate neutral, thus nearly all the sensitivity impact would be allocated to the Core Businesses. Consumer +2% 4Q15 $166.7 2.82% 3Q15 $163.6 2.85% Loans to Mortgage Companies Non - Strategic Run - Off - $1.2 - 1bp Higher Fed Balances Commercial Loans - Consumer Loans +$0.8 - Other +$0.1 +$4.2 - 1bp - 1bp +$1.3 - $2.1 - NII NIM ($ in millions)

12 Improving Productivity & Efficiency 1 Peer data is from SNL Financial. Peer group listed in the appendix. 2 1Q15 to 3Q15 annualized for Peer. FHN excludes ~$4mm gain on Employee Benefit Plan Amendment in 3Q15. This number is Non - GAAP an d is reconciled in the appendix. 3 Notable Items are listed in the Appendix. 4 Core Expenses are Non - GAAP and reconciled to GAAP expenses in the table. In this slide ‘core’ is not a reference to core busines s segments. 5 Includes $5mm compensation increase from 3Q15 to 4Q15. Regional Bank Efficiency Ratio Outperforms Peers 55% 60% 65% 70% 2011 2012 2013 2014 2015² Regional Bank Peer Median¹ Efficiency Ratio 66% 63% 2015 Consolidated Expenses 2016 Expense Priorities ▪ Focused on positive operating leverage ▪ TrustAtlantic acquisition adds $7 - 8mm to annual expense ▪ Major expense efficiency efforts include: ▪ Wind - down of non - strategic costs ▪ Reduction in legal costs ▪ Branch network and non - branch real estate optimization ▪ End - to - end process improvements ▪ Ongoing investments in strategic hires, technology and growth markets Reported Notable Items 3 $ in millions 1 Q15 $376 $( 163) 2Q15 $218 - 3 Q15 $215 $( 3) 4Q15 $244 $(20) TrustAtlantic Ongoing Operating Expense - - - $(2) Core Expenses 4 $ 213 $218 $ 218 $222 5

13 Non - Performing Assets $0 $100 $200 $300 4Q14 1Q15 2Q15 3Q15 4Q15 NPLs NPLs Held for Sale ORE $300mm Net Charge - Offs Asset Quality Trends Stable to Improving Credit Trends 0.00% 0.13% 0.25% 0.38% 0.50% $0 $5 $10 $15 4Q14 1Q15 2Q15 3Q15 4Q15 NCOs $ Provision $ NCO %¹ $15mm ▪ Net charge - offs of $2mm in 4Q15 vs. $12mm in 3Q15 ▪ 4Q15 includes $15mm of recoveries vs $10mm in 3Q15 ▪ Annualized net charge - off ratio of 0.04% ▪ NPA levels down $5mm linked quarter and $30mm year over year 4Q15 ▪ NPL levels at $187mm, down 2% linked quarter and 11% year over year 4Q15 ▪ Commercial NPLs down 7% linked quarter and 27% year over year 4Q15 ▪ Non - strategic loans declined 6% linked quarter, down 20% year over year 4Q15 Numbers may not add to total due to rounding. 1 Net charge - off % is annualized.

14 4Q15 Consolidated Long - Term Targets ROTCE 1 9.1% 15.0%+ ROA 1 0.78% 1.10 – 1.30% CET1 2 10.5% 8.0 – 9.0% NIM 1 2.82% 3.25 – 3.50% NCO / Average Loans 1 0.04% 0.20 - 0.60% Fee Income / Revenue 44% 40 - 50% Efficiency Ratio 82% 60 - 65% 1 ROTCE, ROA, NIM, and NCO / Average Loans are annualized. ROTCE is a Non - GAAP number and reconciled in the appendix 2 Current quarter is an estimate. Building Long - Term Earnings Power: Bonefish Targets Focused on Growing Our Company Selectively and Profitably While Positioning Our Balance Sheet for Sustainable, Higher Returns in the Long Term Risk Adjusted Margin Total Assets Earning Assets Pre-tax Income Tax Rate Annualized Net Charge-Offs 0.20% - 0.60% % Fee Income 40% - 50% Efficiency Ratio 60% - 65% Return on Tangible Common Equity 15%+ Equity / Assets Common Equity Tier 1 8% - 9% Return on Assets 1.10% - 1.30% Net Interest Margin 3.25% - 3.50%

15 Building Blocks Provide Path to Bonefish Targets Building a Foundation for Long - Term Earnings Power Chart illustrates a quantified path to long - term goals; it contains no forecasts. Current Return/ Earnings Power Increased Fixed Income Activity Target Bonefish Return/ Earnings Power Growth Opportunities Economic Profit Improvement Optimize/ Redeploy Capital Continued Efficiencies ▪ Non - Strategic W ind - Down ▪ Infrastructure Reductions ▪ Established Market Profitability / Growth ▪ Product/ Relationship Profitability Improvement ▪ Sales Productivity Improvement ▪ Process Improvements ▪ Branch Network Rationalization ▪ Dividends ▪ Share Buybacks ▪ M&A ▪ Latent Income Embedded in Fixed Income Platform Capacity ▪ ADR at $ 1.0 - $1.5mm ▪ Specialty Lending ▪ Mid - Atlantic ▪ Middle TN ▪ Houston ▪ Wealth / Investments ▪ Municipals (FTN Financial) ▪ Latent Income Embedded in Asset - Sensitive Balance Sheet ▪ Strong Deposit Franchise Capture Interest Rate Opportunities More Controllable Less Controllable

16 Building a Foundation for Attractive Long - Term Earnings Power ▪ Proven execution capabilities ▪ Unique size, scope, and strengths ▪ Focused on efficiency, productivity, economic profitability, and growth opportunities ▪ Organizational alignment on the path to achieving long - term bonefish profitability ▪ Breadth and depth of talent that will be able to profitably run and grow the company Successfully Executing on Key Priorities FHN is Well Positioned for Attractive Long - Term Earnings Power

APPENDIX 17

Notable Items 18 2015 Notable Item 2015 Pre - Tax Amount Employee Benefit Plan Amendment $8.3mm Retirement of Trust Preferred Debt $5.8mm 1Q 2Q Settlement with DOJ/HUD $(162.5)mm 3Q Refer to the financial supplement for further variance trend analysis. 1 TrustAtlantic acquisition expense amounts were not denoted as notable in 1Q15, 2Q15 and 3Q15 earnings presentations. 2 Pre - tax loss associated with resolution of a legal matter in the Fixed Income segment. 2 Pre - tax loss associated with a legal matter in the Non - Strategic segment. 4 After - tax impact assumes tax rates of ~39%. 5 EPS impact calculated by dividing the after - tax impact by the 236mm diluted shares outstanding in 2015 and 237mm diluted shares outstanding in 2014. Litigation Expense 2 $(11.6)mm Discrete Tax Benefit / Capital Loss Carryover N/A 4Q Litigation Accrual 3 $(14.2)mm Impairment Related to Tax Credit Investment $(2.8)mm $(2.7)mm TrustAtlantic Acquisition Expenses Discrete Tax Benefits N/A 2014 Notable Item 2014 Pre - Tax Amount Previously Unrecognized Servicing Fees Associated with the MSR Sale Securities Gain on an Equity Investment Lease Abandonment & Other Restructuring Charges Held - for - Sale (Primarily NPL) Portfolio Valuation Adjustment Net Impact from Resolution/ Collapse of On - Balance Sheet Consumer Securitizations Litigation Expense Recovery Gains on Sales of Held - for - Sale Loans in Non - Strategic Portfolio Loss Accruals Related to Legal Matters Litigation Expense Recovery Net Loss Accruals Related to Legal Matters $20.0mm $5.6mm ($5.7)mm ($6.4)mm $8.2mm $47.1mm $39.7mm $(50.0)mm $15.0mm $(35.0)mm None Total Pre - Tax Effect of Notable Items After - Tax Impact of Notable Items 4 EPS Impact of Notable Items 5 Total Pre - Tax Effect of Notable Items After - Tax Impact of Notable Items 4 EPS Impact of Notable Items 5 $(182.0)mm $(111.4)mm $(0.47) $73.5mm $45.1mm $0.19 $(0.6)mm TrustAtlantic Acquisition Expenses 1 $(1.1)mm TrustAtlantic Acquisition Expenses 1 $(0.6)mm TrustAtlantic Acquisition Expenses 1

19 4Q15 Credit Quality Summary by Portfolio Numbers may not add to total due to rounding. Data as of 4Q15. NM: Not meaningful. 1 Credit card, Permanent Mortgage, and Other. 2 Credit card, OTC, and Other Consumer. 3 Net charge - offs are annualized. 4 Exercised clean - up calls on jumbo securitizations in 1Q13, 3Q12, 2Q11, and 4Q10, which are now on balance sheet in the Corporate segment. ($ in millions) CRE HE & HELOC Other 1 Total Permanent Mortgage Commercial (C&I & Other) HE & HELOC Permanent Mortgage Other 2 Total Period End Loans $10,015 $1,675 $3,515 $366 $15,571 $97 $422 $1,251 $336 $9 $17,687 30+ Delinquency 0.08% 0.27% 0.52% 1.13% 0.23% 2.92% 0.02% 2.34% 1.88% 1.47% 0.42% Dollars $8 $5 $18 $4 $36 $3 $0 $29 $6 $0 $74 NPL % 0.23% 0.52% 0.68% 0.29% 0.36% 1.72% 0.83% 6.97% 8.80% 7.28% 1.01% Dollars $23 $9 $24 $1 $56 $2 $4 $87 $30 $1 $179 Net Charge-offs 3 % NM 0.31% 0.11% 2.40% NM NM 3.87% 0.04% NM 5.37% 0.04% Dollars -$7 $1 $1 $2 -$3 NM $4 $0 $0 $0 $2 Allowance $72 $25 $29 $11 $138 NM $1 $52 $19 $1 $210 Allowance / Loans % 0.72% 1.50% 0.83% 3.04% 0.88% NM 0.34% 4.12% 5.61% 9.07% 1.19% Allowance / Charge-offs NM 4.99x 7.68x 1.29x NM NM 0.09x NM NM 1.67x NM FHNC Consol Regional Banking Corporate 4 Non-Strategic Commercial (C&I & Other)

Construction 26% Land 3% Mini - Perm/Non - Construction 71% 20 Select C&I and CRE Portfolio Metrics $1.2 $1.6 $1.8 $1.4 $1.7 $0.9 $1.0 $1.6 $1.4 $1.2 $0.0 $0.5 $1.0 $1.5 $2.0 4Q14 1Q15 2Q15 3Q15 4Q15 Period End Average ▪ $10.4B C&I portfolio , diversified by industry, managed primarily in Regional Banking ▪ $1.7B CRE portfolio, diversified by geography, comprising 9% of period - end consolidated loans ▪ Commercial (C&I and CRE) net charge - offs were ($2mm) for the quarter ▪ Gross charge - offs were $6.6mm with recoveries of $8.4mm Multi - Family 25% Retail 25% Office 14% CRE: Loan Type CRE: Collateral Type C&I: Loans to Mortgage Companies Data as of 4 Q15. Numbers may not add to total due to rounding. $2.0B

21 Core Banking Customers TN 64% CA 7% VA 3% GA 3% NC 3% Other 21% Consumer Portfolio Overview $1.4 $0.7 $0.0 $0.5 $1.0 $1.5 $2.0 In Draw In Repayment HELOC Draw vs Repayment Balances Percent of Home Equity Portfolio: Months Left in Draw Period 17% 19% 12% 6% 6% 40% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 0-12 13-24 25-36 37-48 49-60 >60 Home Equity Portfolio Characteristics Home Equity Geographic Distribution 25% 28% 27% 28% 29% 15% 18% 21% 24% 27% 30% $0.0 $0.5 $1.0 $1.5 $2.0 4Q14 1Q15 2Q15 3Q15 4Q15 Period End Balance Constant Pre-Payment Rate (Right Axis) Non - Strategic Consumer Real Estate Run - Off $2.0B $2.0B Data as of 4Q15. Numbers may not add to total due to rounding. First Second Total Balance $3.0B $1.8B $4.8B Original FICO 754 736 747 Refreshed FICO 755 724 743 Original CLTV 77% 81% 79% Full Doc 94% 76% 87% Owner Occupied 95% 94% 94% HELOCs $0.6B $1.5B $2.1B Weighted Average HELOC Utilization 46% 55% 53%

($ in millions) 4Q14 1Q15 2Q15 3Q15 4Q15 Beginning Balance $125 $119 $116 $117 $115 Net Realized Losses $(6) $(3) $0 $(2) $(0) Provision $0 $0 $0 $0 $0 Ending Balance $119 $116 $117 $115 $115 $0 $100 $200 4Q14 1Q15 2Q15 3Q15 4Q15 GSE New Requests Other New Requests Resolved Pipeline 22 Agency & Non - Agency Update Repurchase Resolution Agreements with Both GSEs Total Pipeline of Repurchase Requests 1 $200mm Mortgage Repurchase Reserve Other Whole Loan Sales and Non - Agency ▪ Represent 45% of all active repurchase/make whole requests in 4Q15 pipeline ▪ Some non - Agency FHN loans were bundled with other companies’ loans and securitized by the purchasers ▪ A trustee for a bundler has commenced a legal action seeking repurchase of FHN loans ▪ Certain purchasers have requested indemnity related to FHN loans included in their securitizations Data as of 4Q15. Numbers may not add to total due to rounding. 1 Based on UPB. The pipeline represents active investor claims and mortgage insurance (MI) cancellations under review, both of whi ch could occur on the same loan. Excludes MI cancellation notices that have been reviewed and coverage has been lost. MI cancellations th at have resulted in lost coverage are included in management’s assessment of the adequacy of repurchase reserves. 4Q14, 1Q15, 2Q15, 3Q15 and 4Q15 pipeline includes $4.2mm, $5.0mm, $1.3mm, $12.2mm and $1 6.1mm in other claims, respectively, that pose no risk to the repurchase reserve but require formal acknowledgment with Fannie. Net realized losses of $0 in 2Q15 due to ~$3mm in mortgage insurance rescission recoveries. Numbers may not add to total due to rounding.

FH Proprietary Securitizations Litigation Certificate Breakdown 23 $756mm Numbers/percentages may not add to total due to rounding. Data source: December 2015 Trustee Reports. Cumulative loss does no t n ecessarily determine possible damages. For the first six certificates, FHN is defending two suits brought by FDIC, in Alabama and New York, as receiver for Colonial Bank, against FHN and others. T hes e cases differ from the cases involving the other certificates listed above in terms of the types and amounts of possible damages. 1 The complainants only purchased a portion of these tranches. Original UPB estimated based on the purchase price stated in the co mplaints. All other metrics prorated based on the ratio of purchase price to the total original UPB of the entire tranche. 2 Royal Park is asking for indemnification on $100mm of the $190mm tranche as stated in the indemnification request. 3 60D+ Delinquent defined as a delinquency status of 60 days or more and also bankruptcies, foreclosures and REO in such status fo r 60 days or more. Paid Off 67% Performing UPB 22% 60D+ Delinquent ³ 4% Cumulative Loss 7% ($ in millions) Deal FHAMS 2006-FA6 (FDIC Alabama) Senior $11.1 $4.0 $5.5 $4.7 $0.9 $1.5 FHAMS 2006-FA6 (FDIC Alabama) Senior $15.2 $5.9 $7.9 $6.3 $1.6 $1.5 FHAMS 2006-FA7 (FDIC Alabama) Senior $20.7 $7.8 $9.9 $8.2 $1.7 $2.9 FHAMS 2007-FA4 1 (FDIC Alabama) Senior $14.4 $4.9 $7.2 $6.1 $1.1 $2.2 FHAMS 2007-FA1 (FDIC New York) Senior $44.5 $17.5 $19.8 $17.0 $2.9 $7.1 FHAMS 2007-FA2 (FDIC New York) Senior $34.9 $13.9 $15.7 $13.1 $2.7 $5.2 FHAMS 2005-FA8 (FHLB Indemnification) Senior $100.0 $82.6 $16.3 $15.1 $1.3 $1.0 FHAMS 2007-FA3 (MetLife Indemnification) Senior $103.0 $64.7 $29.3 $23.5 $5.7 $9.1 FHAMS 2005-FA10 2 (Royal Park Indemnification) Senior $100.0 $70.1 $25.3 $22.2 $3.1 $4.5 FHAMS 2006-FA2 1 (Royal Park Indemnification) Senior $30.0 $24.1 $4.7 $3.9 $0.7 $1.3 FHAMS 2005-FA9 (Integra REC Indemnification) Junior $2.3 $0.1 $0.0 $0.0 $0.0 $2.2 FHAMS 2006-FA8 (Integra REC Indemnification) Senior $101.5 $66.4 $26.8 $22.9 $3.9 $8.4 FHAMS 2006-FA6 (TN Retirement Indemnification) Senior $46.2 $40.7 $4.3 $3.4 $0.9 $1.2 FHAMS 2006-FA8 (TN Retirement Indemnification) Senior $100.0 $79.1 $15.9 $13.6 $2.3 $5.0 FHASI 2006-AA8 (TN Retirement Indemnification) Senior $32.5 $23.1 $7.3 $5.1 $2.2 $2.1 Total $756.2 $505.1 $195.9 $165.1 $30.8 $55.3 Cumulative Loss Certificate Original UPB Paid Off Current UPB Performing UPB 60D+ Delinquent

Reconciliation to GAAP Financials 24 Slides in this presentation use non - GAAP information of return on tangible common equity and adjusted fee income, expense, net income available to common and diluted EPS. That information is not presented according to generally accepted accounting principles (GAAP ) and is reconciled to GAAP information below. Numbers may not add to total due to rounding. 1 Notable items have been adjusted using an incremental tax rate of ~39%. ($ in millions) Return on Tangible Common Equity 4Q15 Average Total Equity (GAAP) $2,660 Less: Average Noncontrolling Interest (GAAP) $295 Less: Preferred Stock (GAAP) $96 Average Common Equity (GAAP) $2,269 Less: Average Intangible Assets (GAAP) $212 Average Tangible Common Equity (Non-GAAP) $2,057 Net Income Available to Common (GAAP) $47 Annualized Return on Average Tangible Common Equity (Non-GAAP) 9.1% ($ in millions) Adjusted 3Q15 Results Regional Bank Fixed Income Corporate Non-Strategic Consolidated Net interest income (GAAP) $165 $3 ($19) $14 $164 Provsion for Loan Losses (GAAP) $7 $0 $0 ($6) $1 Fee income (GAAP) $63 $52 $9 $2 $125 Less: Notable Items (GAAP) $0 $0 $6 $0 $6 Adjusted Fee income (Non-GAAP) $63 $52 $3 $2 $119 Total Expense (GAAP) $136 $60 $12 $8 $215 Less: Notable Items (GAAP) ($4) $11 ($3) $0 $4 Adjusted Expense (Non-GAAP) $140 $49 $14 $8 $212 Pre-tax Income (GAAP) $86 ($5) ($22) $14 $72 Taxes (GAAP) $31 ($2) ($25) $5 $9 Non-controlling Interest (GAAP) $3 $3 Preferred stock dividends (GAAP) $2 $2 Net income available to common (GAAP) $55 ($3) ($2) $8 $59 Diluted Shares (GAAP) $0 $0 $0 $0 $235 Diluted EPS (GAAP) $0 $0 $0 $0 $0.25 Adjusted Pre-tax Income (Non-GAAP) $82 $6 ($30) $14 $70 Adjusted Taxes (Non-GAAP)¹ $29 $2 ($19) $5 $17 Non-controlling Interest (GAAP) $0 $0 $3 $0 $3 Preferred stock dividends (GAAP) $0 $0 $2 $0 $2 Adjusted Net income available to common (Non-GAAP) $52 $4 ($16) $8 $49 Diluted Shares (GAAP) 235 Adjusted Diluted EPS (Non-GAAP) $0.21

Reconciliation to GAAP Financials 25 Slides in this presentation use non - GAAP information of adjusted Regional Banking efficiency ratio, fee income, expense, net income available to common and diluted EPS. That information is not presented according to generally accepted accounting principles (GAAP ) and is reconciled to GAAP information below. Numbers may not add to total due to rounding. 1 Notable items have been adjusted using an incremental tax rate of ~39%. ($ in millions) Regional Banking Efficiency Ratio 2015 Regional Bank Total Noninterest Expense (GAAP) $564 Plus: 3Q15 Allocated from Employee Benefit Plan Amendment (GAAP) $4 Adjusted Regional Bank Noninterest Expense (Non-GAAP) (a) $568 Regional Bank Total Revenue (GAAP) (b) $907 Adjusted Regional Bank Efficiency Ratio (Non-GAAP) (a/b) 63% ($ in millions) Adjusted 4Q15 Results Regional Bank Fixed Income Corporate Non-Strategic Consolidated Net interest income (GAAP) $170 $4 ($19) $12 $167 Provsion for Loan Losses (GAAP) $6 $0 $0 ($5) $1 Fee income (GAAP) $63 $62 $5 $2 $132 Less: Notable Items (GAAP) $0 $0 $0 $0 $0 Adjusted Fee income (Non-GAAP) $63 $62 $5 $2 $132 Total Expense (GAAP) $148 $55 $17 $24 $244 Less: Notable Items (GAAP) $0 $0 $6 $14 $20 Adjusted Expense (Non-GAAP) $148 $55 $12 $10 $224 Pre-tax Income (GAAP) $79 $11 ($31) ($5) $54 Taxes (GAAP) $28 $4 ($28) ($2) $3 Non-controlling Interest (GAAP) $3 $3 Preferred stock dividends (GAAP) $2 $2 Net income available to common (GAAP) $51 $7 ($8) ($3) $47 Diluted Shares (GAAP) $0 $0 $0 $0 $240 Diluted EPS (GAAP) $0 $0 $0 $0 $0 Adjusted Pre-tax Income (Non-GAAP) $79 $11 ($26) $10 $74 Adjusted Taxes (Non-GAAP)¹ $28 $4 ($17) $4 $19 Non-controlling Interest (GAAP) $3 $3 Preferred stock dividends (GAAP) $2 $2 Adjusted Net income available to common (Non-GAAP) $51 $7 ($13) $6 $51 Diluted Shares (GAAP) 240 Adjusted Diluted EPS (Non-GAAP) $0.21

Reconciliation to GAAP Financials 26 Slides in this presentation use non - GAAP information of adjusted fee income, expense, net income available to common and diluted EPS. That information is not presented according to generally accepted accounting principles (GAAP ) and is reconciled to GAAP information below. Numbers may not add to total due to rounding. 1 Notable items have been adjusted using an incremental tax rate of ~39%. ($ in millions) Adjusted 2014 Results Regional Bank Fixed Income Corporate Non-Strategic Consolidated Net interest income (GAAP) $602 $13 ($54) $67 $628 Provsion for Loan Losses (GAAP) $29 $0 $0 ($2) $27 Fee income (GAAP) $255 $203 $27 $66 $550 Less: Notable Items (GAAP) $0 $0 $6 $62 $67 Adjusted Fee income (Non-GAAP) $255 $203 $21 $4 $483 Total Expense (GAAP) $539 $147 $61 $85 $833 Less: Notable Items (GAAP) $0 ($47) $6 $35 ($6) Adjusted Expense (Non-GAAP) $539 $194 $56 $50 $839 Pre-tax Income (GAAP) $289 $69 ($89) $50 $318 Taxes (GAAP) $103 $26 ($64) $19 $84 Non-controlling Interest (GAAP) $0 $0 $12 $0 $12 Preferred stock dividends (GAAP) $0 $0 $6 $0 $6 Net income available to common (GAAP) $186 $43 ($43) $30 $216 Diluted Shares (GAAP) $0 $0 $0 $0 $237 Diluted EPS (GAAP) $0 $0 $0 $0 $0 Adjusted Pre-tax Income (Non-GAAP) $289 $21 ($88) $23 $245 Adjusted Taxes (Non-GAAP)¹ $103 $8 ($63) $9 $56 Non-controlling Interest (GAAP) $12 $12 Preferred stock dividends (GAAP) $6 $6 Adjusted Net income available to common (Non-GAAP) $186 $14 ($43) $14 $171 Diluted Shares (GAAP) 237 Adjusted Diluted EPS (Non-GAAP) $0.72

Reconciliation to GAAP Financials 27 Slides in this presentation use non - GAAP information of adjusted fee income, expense, net income available to common and diluted EPS. That information is not presented according to generally accepted accounting principles (GAAP ) and is reconciled to GAAP information below. Numbers may not add to total due to rounding. 1 Notable items have been adjusted using an incremental tax rate of ~39%. Peer group includes UBSI, ONB, TRMK, IBKC, BXS, UMBF, BOH, VLY, FULT, FCNCA, WTFC, TCB, HBHC, WBS, CBSH, CFR, ASBC, SNV, BOKF, FNFG. ($ in millions) Adjusted 2015 Results Regional Bank Fixed Income Corporate Non-Strategic Consolidated Net interest income (GAAP) $655 $16 ($72) $55 $654 Provsion for Loan Losses (GAAP) $35 $0 $0 ($26) $9 Fee income (GAAP) $252 $231 $23 $11 $517 Less: Notable Items (GAAP) $0 $0 $6 $0 $6 Adjusted Fee income (Non-GAAP) $252 $231 $18 $11 $512 Total Expense (GAAP) $564 $220 $57 $213 $1,054 Less: Notable Items (GAAP) ($4) $11 $5 $177 $188 Adjusted Expense (Non-GAAP) $568 $210 $52 $36 $866 Pre-tax Income (GAAP) $309 $27 ($105) ($122) $108 Taxes (GAAP) $110 $9 ($80) ($28) $11 Non-controlling Interest (GAAP) $0 $0 $11 $0 $11 Preferred stock dividends (GAAP) $0 $0 $6 $0 $6 Net income available to common (GAAP) $198 $18 ($43) ($93) $80 Diluted Shares (GAAP) $0 $0 $0 $0 $236 Diluted EPS (GAAP) $0 $0 $0 $0 $0 Adjusted Pre-tax Income (Non-GAAP) $305 $37 ($107) $55 $290 Adjusted Taxes (Non-GAAP)¹ $109 $13 ($80) $40 $82 Non-controlling Interest (GAAP) $0 $0 $11 $0 $11 Preferred stock dividends (GAAP) $0 $0 $6 $0 $6 Adjusted Net income available to common (Non-GAAP) $196 $24 ($44) $15 $191 Diluted Shares (GAAP) $0 $0 $0 $0 236 Adjusted Diluted EPS (Non-GAAP) $0 $0 $0 $0 $0.81