First Horizon (FHN) 8-K First Quarter 2008 Financial Supplement

Exhibit 99.2

¹Liquidating Transitioning National Businesses Pursuing Sale/ Wind Down Focusing on Core Franchise - Core Franchise Regional Banking · for and activities customers lending Traditional and deposit-taking retail commercialCapital Markets · markets equity investment as banking capital well Traditional activities, and as correspondent trading research banking,Mortgage Banking · of servicing mortgages and lien Originations first agencyNational Speciality Lending · outside activities and Banking lending lending consumer Portfolio as construction Regional footprint such theDescription 9.0 bn 273mm 433mm $ $$ Run off portfolio and mitigate losses 6.2 bn 1mm 10mm Seeking to sell or will significantly downsize operations, and focus on existing operations through Regional Banking $ $$0.00% 6.2 bn 24mm 13mm Continue to diversify product set and increase product penetration to existing clients $ $$ 12.2 bn 184mm 81mm $ $ Refocus investments in Tennessee and work toward achieving a 30% customer share $Strategic Focus            Total Period End Assets at 3/31/08 Asset Quality as of or for the quarter ended 3/31/08Allowance Nonperforming LoansPublic Filings, FHN Internal Informationinvestment portfolio Source:Excludes Corporate Business Segment, which contains $3.7bn of total assets, primarily related to FHN’s¹ [Graphic Appears Here]

Loan Portfolio Overview Period End Loans at 3/31/08 (Total $21.9 billion) [Graphic Appears Here] [Graphic Appears Here]Nonperforming Loans at 3/31/08 (Total $537 million)Public Filings Source: Includes all other loans not allocated to a segment on this page Includes loans in Regional Banking and Capital Markets segments^{2 1}

Credit Quality · net Lending general to Specialty to down related charged National been to deterioration have confined some loans deterioration showing nonperforming portfolio all credit ofconditions value of Majorityportfolios Remaindereconomic Substantiallyrealizable · [Graphic Appears Here]Public Filings Source: [Graphic Appears Here]Includes Regional Banking and Capital Markets segments¹Includes all other loans not allocated to a segment on this page includes $16mm allowance allocated to National Specialty other²Other NPLs

Performance OverviewExpect residential CRE portfolio to shrink to ~$1.5bn by year-end 2008Residential CRE - Total Balance National Balance 1Q082.0 bn 1.4 bn — $ $4 Q072.1 bn 1.4 bn —— — $ $3 Q072.2 bn 1.5 bn —— — $ $2 Q072.3 bn 1.5 bn —— — $ $1 Q072.3 bn 1.5 bn —— — $ $Total Commitments [Graphic Appears Here]% Completion NPL % Charge-offs % 70 % 2.73 % 12.07 % 5.93 % 66 % 3.56 % 6.43 % 3.82 % 65 % 1.25 % 3.93 % 0.51 % 65 % 1.96 % 1.67 % 0.29 % 64 % 0.82 % 0.41 % 0.43 %Public Filings, First Horizon Internal Information Source:

($2.0 billion total balance) Residential CRE Geographic Concentration [Graphic Appears Here]Collateral Type [Graphic Appears Here] 11.9% 18.0% 7.8% 17.9% 10.1%12.1% 119 43 32 25 17237 1-4 Family Condo Land Development Raw Land Developed LandTotal — 29.0% 17.0% 23.0% 3.0% 11.0% 4.0% 12.0% 6.0% 2.0% 15.5%12.1% 68 30 23 11 9 8 7 7 2 73237 FL CA VA TN CO WA GA TX NC OtherTotal [Graphic Appears Here]First Horizon Internal Information Public Filings; Collateral Type -Geographic -Source:

Performance Overview One-Time Close - · a as 2008, year-end sheet by balance market the on $600-650mm secondary retained to in shrink sold mortgages to mortgages prime off portfolio prime performing charged close following: performing $90mm one-time the of $700mm $700mm-$1.1bn Approximately · Expect result ·Total Balance Total Commitments % Completion 30+ Delinquency % NPL % Charge-offs % [Graphic Appears Here]1Q081.8 bn 70 % 2.67 % 4.63 % — $10.95 %4 Q072.0 bn 66 % 2.50 % 5.68 % 2.18 % —— — $3 Q072.2 bn 63 % 1.91 % 3.21 % 1.16 % —— — $2 Q072.2 bn 61 % 1.08 % 2.60 % 0.68 % —— — $1 Q072.1 bn 61 % 1.73 % 1.41 % 0.14 % —— — $ [Graphic Appears Here]Public Filings, First Horizon Internal Information Source:

Isolating Risk ($1.8bn total balance) One-Time Close - Geographic [Graphic Appears Here]Product Type [Graphic Appears Here] [Graphic Appears Here] [Graphic Appears Here]

Home Equity Portfolio Characteristics Portfolio Characteristics Geographic Distribution Balance Original FICO Original CLTV Full Doc Owner Occupied HELOCs Weighted Avg. HELOC UtilizationTotal8.0bn 732 82% 70% 95% 4.4bn 51% — $$ 5.8bn 738 83% 70% 97% 3.7bn 52%Second$ $ —First2.1bn 726 78% 72% 86% 0.6bn 44% — $$ [Graphic Appears Here] Core Banking CustomersAsset Quality Metrics(consolidated) Delinquency Distribution NPL 30+ Delinq. Charge-offs [Graphic Appears Here]

Home Equity Portfolio Characteristics¹Portfolio Characteristics [Graphic Appears Here]¹Portfolio Breakdown by LTV and FICO 2005 Orig. LTV <=2004 2007 Orig. FICO 2006 2008FICOOriginal > 90%4.9% 1.9% 1.9% 3.3% 1.5% 0.5% —90.0 % —— - 13.1% 4.6% 4.4% 4.2% 1.5% 0.3%80.1 % - —— —Cumulative Original LTV            Regional Bank 85% <= 80 %30.9% 7.4% 7.4% 8.4% 2.8% 0.9% —— —— - >=740 720-739 700-719 660-699 620-659 < 620Vintage Breakdown [Graphic Appears Here]Peer Comparison 1Q08 NCO Ratio - [Graphic Appears Here] [Graphic Appears Here]Excludes insured loans Public Filings and presentations, First Horizon Internal Information¹Source:

C & I and Income CRE Portfolio C & I Balance by Channel [Graphic Appears Here]Income CRE Balance by Channel [Graphic Appears Here] 40 11 Mar-08 0.57% 2.01% 1.94%mm)10Public Filings$ 5 1 Dec-07 Charge-offs 1.96% 0.27% 0.13%Source: — 38 1 NPL 0.86% 0.06% 0.12% 1 Sep-07(consolidated)17 1 0.38% 0.06% 0.04% 7 0.2 Jun-07 30+ Delinq.Income CRE Asset2 0.0 0.07% 0.09% 0.01%Quality ( 1 Mar-07 30+ Delinq. % NPL % Charge-offs % — 45 15 Mar-08 0.93% 0.64% 0.83%mm)67$17 4 Dec-07 Charge-offs 0.50% 0.24% 0.20% — 35 24 10 Sep-07 NPL 0.41% 0.33% 0.57%(consolidated)29 22 8 Jun-07 30+ Delinq. 0.66% 0.31% 0.45%C & I Asset Quality (47 33 10 Mar-07 0.50% 0.45% 0.55% 36 30+ Delinq. % NPL % Charge-offs % [Graphic Appears Here] [Graphic Appears Here] [Graphic Appears Here]

Expectations and Risks Summary · on pressure downward that assumes2009 into forecastcontinue thiswill invalues environmentestate economicreal Theresidential 120 mm 150 mm 425 mm³ $ $ $ -Post-200875- 50- 2Expectation¹$ $ 150 $mm)72 118 95 115 49 33483 $ $ Allowance at 3/31/08 ( —mm)129 162 99484 Total $ $ ( mm)30 50 20100 $ $ Estimated 2008 Downside Risk Incremental ( — 99 112 79 60 20 14384 Total 2008 (Estimate) $ mm) $ 70 90 60 45 10 10285 Charge-Offs ( 2Q08-4Q08 (Estimate) $ 29 22 19 15 10 499 1Q08 (Actual) $ bn) $2.0 1.8 8.0 7.2 2.0 1.0Balance ( 21.9 Period End            at 3/31/08 $ PortfolioResidential CRE            One-Time Close            Home Equity            Commercial            Income CRE            OtherTotalFirst Horizon Internal Information Source: Based on total commitments for each portfolio¹ [Graphic Appears Here]positively differentiated performance from FHN sold andEstimate assumes loss rates for balance sheet portfolio accelerate to the³blended cumulative loss rates for the balance sheet, sold, and securitized portfolios combined Estimate assumes losses in balance sheet portfolio continue samesecuritized portfolio as achieved historically²

¹Liquidity Position Remains Strong Current Funding Base [Graphic Appears Here] · and liquidity termsecurities excess billion availability, of $6.6 FHLBunpledged be of sources to repos, TAF Current estimated ComprisedMMDAs,Fed · Core^Deposits$14bnTotal $32bn · to funding used and by deposits debt sheets funded reduction offset previously seasonal mortgage billion maturities to wholesale credit loans sheet ·Deposits13.97bnand the balance · on debt bank less funding in bank loans/$11 adequate sources balance at by cyclical markets billion reliance deposits upcoming parent than replaced sensitive $11 Prior Wholesale support fluctuations capital Tennessee core No at Expected more maturities ·Core [Graphic Appears Here]First Horizon Internal Information Stock, & Common Equity of $5.2bn Source: Excluding Capital Markets Payables, Other Liabilities, Preferred¹

Equity Issuance Bolsters Capital Position Significantly · 17bps of savings approximately capital in by increases results TCE/TA27bps dividend stockannum reduced, with approximately per assetsby dividendmillion of cash$100 billionincreases of · $11 eachTier approximately Forand Replacement ·TCE/TA Tier 1 Ratio 10.1% 11.0% 9.3% 9.4% 9.2% 7.8% 7.1%^7.3% 6.8%6.7% 6.2% 5.6% 5.7% [Graphic Appears Here]5.0% 4.7% [Graphic Appears Here] BXS BOKF ASBC TRM K¹FHN PF TCB FULT FM BI ZIONFHN 2 2 HBAN BXS¹FHN PF FULT TRM K BOKF FM BI TCB 2 ASBCFHN HBAN 2 ZIONPro Forma for a $600 million capital raise¹All capital ratios as of 3/31/08, unless otherwise noted; [Graphic Appears Here]

As of 12/31/07SNL Financial²Source:Potential Capital Position Methodology Assumptions · 3/31/08 of at illustrate range to calculated place made a are takes under ratios assumptions ratios capital transaction capital scenarios forma assuming potential Pro Simplifying credit · ·¹ $10.75 (each of estimates TCE/TA of stock constant close earnings broker in increase paid remain would 4/25/08 median be to to pre-provision on to reduction equal based assumed assumed price pre-tax 17bps) rate $423.5mm level asset tax Q2-Q4 Dividend Asset $1bn approx. Issuance 35% ·900mm9.1%920 32013.8%1,1407.4%8905.8%31011.80$$600mm9.7%1,120 51014.4%1,3407.9%1,0806.4%50012.90$$Illustrative 12/31/08 Capital Ratios 300mm10.4%1,310 71015.1%1,5308.5%1,2806.9%70014.00Assuming Remaining 2008 Provision of $$600 mm1,2306301,4501,200 62013.50$10.1 % 14.8% 8.2% 6.7%Illustrative for Capital Raise$1Q088.1%630 3012.8%8506.6%6005.0%2014.67 $mm, except per share values) $ ( Tier 1 RBCExcess to Well Capitalized — 6.0% Excess to Benchmark — 8.0%Total CapitalExcess to Well Capitalized — 10.0%Tier 1 LeverageExcess to Well Capitalized — 5.0%TCE/TAExcess to 5.0%Tangible Book Value Per ShareMontgomery, JPMorgan, Sachs, Janney Merrill Lynch, Stanford Group, Stern Agee, Stifel Nicolaus Includes brokers with quarterly earningDs estimates: FBR, Goldman¹