First Horizon (FHN) 8-K First Quarter 2011 Financial Supplement

Exhibit 99.1

FIRST QUARTER 2011
FINANCIAL SUPPLEMENT

If you need further information, please contact:
Aarti Bowman, Investor Relations
901-523-4017
aagoorha@firsthorizon.com

TABLE OF CONTENTS

	Page
First Horizon National Corporation Segment Structure	3
Performance Highlights	4
Charges for Restructuring, Repositioning, & Efficiency Initiatives	6
Consolidated Results
Income Statement
Summary Results	7
Income Statement	8
Other Income and Other Expense	9
Balance Sheet
Period End Balance Sheet	10
Average Balance Sheet	11
Average Balance Sheet: Yields and Rates	12
Mortgage Servicing Rights	13
Business Segment Detail
Segment Highlights	14
Regional Banking	15
Capital Markets	16
Corporate	17
Non-Strategic	18
Non-Strategic: Servicing	19
Capital Highlights	20
Asset Quality
Asset Quality: Consolidated	21
Rollforwards of Nonperforming Loans and ORE Inventory	23
Asset Quality: Regional Banking and Corporate	24
Asset Quality: Non-Strategic	25
Asset Quality: Portfolio Metrics	26
Asset Quality: Process Highlights	27
Glossary of Terms	28
Non-GAAP to GAAP Reconciliation	29

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 factors or to publicly announce the result of any revisions to any of the forward-looking statements included herein or therein to reflect future events or developments.

Use of Non-GAAP Measures

Certain ratios are included in this financial supplement that are non-GAAP, meaning they are not presented in accordance with generally accepted accounting principles (GAAP) in the U.S. FHN’s management believes such ratios are relevant to understanding the capital position and results of the Company. The non-GAAP ratios presented in this Financial Supplement are tangible common equity to tangible assets, tangible book value per common share, tier 1 common to risk weighted assets, adjusted tangible common equity to risk weighted assets, and net interest margin adjusted for FTE. These ratios are reported to FHN’s management and Board of Directors through various internal reports. Additionally, disclosure of these ratios provides a meaningful base for comparability to other financial institutions as the capital ratios have become an important measure of the capital strength of banks as demonstrated by the inclusion in the stress tests administered by the United States Treasury Department under the Capital Assistance Program. Non-GAAP measures are not formally defined by GAAP or codified in the federal banking regulations, and other entities may use calculation methods that differ from those used by FHN. Tier 1 capital is a regulatory term and is generally defined as the sum of core capital (including common equity and instruments that can not be redeemed at the option of the holder) adjusted for certain items under risk based capital regulations. Also a regulatory term, risk weighted assets includes total assets adjusted for credit risk and is used to determine capital ratios. Refer to the tabular reconciliation of non-GAAP to GAAP measures and presentation of the most comparable GAAP items on page 29 of this financial supplement.

FIRST HORIZON NATIONAL CORPORATION SEGMENT STRUCTURE

Regional Banking

-	Traditional lending and deposit taking, investments, financial planning, trust services, asset management, cash management,
and health savings accounts
-	Correspondent banking which provides credit, depository, and other banking related services to other financial institutions
-	First lien mortgage originations through regional banking channels

Capital Markets

- Fixed income sales, trading, and strategies for institutional clients in U.S. and abroad

- Other capital markets products such as portfolio advisory, derivatives, and loan trading

Corporate

-	Executive management, enterprise-wide risk management, corporate finance, corporate communications, low income housing activities, legal functions
and funding for the corporation including any impact from balance sheet positioning
-	Various charges related to restructuring, repositioning, and efficiency initiatives

Non-Strategic

- Wind-down businesses that include:

- National commercial and consumer lending loan portfolios

- Trust preferred loan portfolio

- Legacy mortgage servicing

- Exited businesses (such as First Horizon Insurance, Inc. (“FHI”) and Highland Capital Management Corporation) and associated restructuring, repositioning, and efficiency charges

3

PERFORMANCE HIGHLIGHTS

Summary of First Quarter 2011 Significant Items
(Millions)

Segment	Item	Income Statement	Amount			Comments
Corporate	Redemption of subordinated debentures	Noninterest income: Other		$5.8		Pre-tax gain resulting from redemption of FHN’s subordinated debentures (TRUPs - 8.07%).
Corporate	Reduction of Visa contingent liability	Noninterest expense: Other		$3.3		Pre-tax impact due to reversal of a portion of the contingent liability for certain Visa legal matters.
Non-Strategic	Goodwill impairment	Discontinued operations, net of tax	$	(10.1	)	Pre-tax goodwill impairment recognized as a result of contracted sale of FHI.
Non-Strategic	Contracted sale of FHI	Discontinued operations, net of tax	$	11.1		Tax benefits resulting from contracted sale of FHI.

(First Quarter 2011 vs. Fourth Quarter 2010)

Regional Banking

- Net interest margin was flat at 5.23%, net interest income declined $9.8 million to $135.5 million in first quarter

- Decrease in NII primarily driven by decline in balances of loans to mortgage lenders

- Provision credit was $12.4 million in first quarter compared to provision expense of $2.0 million in the prior quarter

- Decline in provision primarily driven by improved performance of the Income CRE and C&I loan portfolios

- Noninterest income decreased $4.4 million to $67.4 million from $71.8 million in prior quarter

- Linked-quarter decline is primarily driven by lower deposit fee income

- Mortgage banking income decline consistent with decrease in refinance activity from fourth quarter

- Noninterest expense declined $2.2 million to $151.1 million in first quarter

- Personnel expense declined $1.5 million primarily driven by headcount

- Processing costs related to mortgage originations declined consistent with the decrease in refinance activity

- A reduction in advertising expenses offset an increase in foreclosure-related losses

Capital Markets

- Fixed income revenues decreased to $83.2 million in first quarter from $86.1 million in prior quarter

- Fixed income average daily revenue (ADR) was $1.3 million in first quarter, down from $1.4 million in prior quarter

- Other product revenues were $6.9 million in first quarter compared to $8.5 million in prior quarter

- Noninterest expense decreased to $73.6 million in first quarter from $76.8 million in the prior quarter

- Variable compensation costs decreased due to lower production levels; somewhat offset by FICA reset

Corporate

- Net interest expense was $.3 million in first quarter compared to $2.1 million in prior quarter

- Noninterest income (including securities gains) decreased to $12.9 million from $26.3 million in prior quarter

- Linked-quarter decrease affected by $14.8 million gain on sale of Visa shares in fourth quarter

- A decrease in BOLI and deferred compensation income more than offset by $5.8 million gain on redemption of debt

- Noninterest expense increased to $20.7 million in first quarter from $19.0 million in prior quarter

- Other expense affected by $3.3 million reversal of the contingent liability for certain Visa legal matters

- Prior quarter included $8.0 million reversal of the Visa contingent liability

- Restructuring charges were $3.1 million in first quarter compared to $5.0 million in prior quarter

4

PERFORMANCE HIGHLIGHTS (continued)

(First Quarter 2011 vs. Fourth Quarter 2010)

Non-Strategic

- Net interest income decreased $1.2 million to $32.0 million in first quarter     

- Provision expense decreased $29.6 million to $13.4 million

- Decline in provision attributable to aggregate improvement in the portfolio combined with the continued run-off of non-strategic balances

- Noninterest income increased to $27.2 million in first quarter from $13.6 million in prior quarter due to a rise in mortgage banking income

- Positive net hedging results increased to $12.5 million from $7.0 million in the prior quarter

- The negative impact due to runoff declined in first quarter

- Servicing fees increased to $20.8 million in first quarter from $17.1 million in prior quarter

- Prior quarter included adjustment for guarantee fees

- Mortgage banking income affected by smaller negative fair value adjustments to the mortgage warehouse

- Mortgage warehouse negative fair value adjustment was $1.3 million in first quarter compared to $4.1 million in prior quarter

- Noninterest expense decreased to $69.8 million in first quarter from $80.6 million in prior quarter

- Provisioning for repurchase and foreclosure losses was $37.2 million in first quarter compared to $44.2 million in prior quarter

- New requests/PMI cancellation notices were $220.9 million in the first quarter, a decline of $32.5 million from prior quarter

- Ending pipeline declined slightly to $529.3 million from $534.2 million in prior quarter

- Cumulative rescission rates averaging between 45% and 55% with loss severities ranging between 50% and 60%

- Discontinued operations, net of tax includes operating results from FHI

- Agreement to sell FHI triggered a $10.1 million goodwill impairment which was more than offset by $11.1 million favorable tax benefits

- With additional favorable tax benefits expected to be recognized upon closing, the total positive impact to earnings should approximate $4 million

Asset Quality

- Allowance as a percentage of loans ratio decreased to 369 basis points from 396 basis points in prior quarter     

- Reflects $75.7 million net allowance decrease in first quarter

- Reserve decreased for all loan portfolios

- Provision expense decreased to $1.0 million in first quarter compared to $45.0 million in fourth quarter

- Annualized net charge-offs were 190 basis points of average loans, an improvement from 238 basis points in prior quarter

- Net charge-offs were $76.7 million in first quarter compared to $100.1 million in prior quarter

- NPAs decreased 2 percent from prior quarter; NPA ratio increased to 455 basis points from 448 basis points

- Commercial NPL’s declined; Consumer NPL’s increased primarily due to loan modification activity

- Foreclosed assets declined 15 percent primarily due to less inflow

- NPA ratio increased due to a 5 percent decline in the balance of the loan portfolio

- Decrease in the loan portfolio primarily driven by loans to mortgage lenders

- Troubled debt restructurings (“TDRs”) were $347.7 million at the end of first quarter compared with $338.8 million in prior quarter

- Commercial Portfolio:

- Reserve decrease for the C&I portfolio driven by improved borrower financial conditions

- Primarily due to stronger overall economic conditions

- Aggregate improved risk profile primarily due to property stabilization of Income CRE portfolio resulted in $26.2 million reserve decrease

- Reduction of Residential CRE portfolio continues as balances declined 16 percent from prior quarter

- Consumer Portfolio:

- Performance of the home equity portfolio improved as delinquency rates declined 57 basis points from prior quarter

- The permanent mortgage portfolio’s performance stabilized

- Portfolio has become more seasoned as aging typically results in improved credit trends

Capital and Liquidity

- Repurchased CPP common stock warrant from the U.S. Treasury in first quarter which represented right to purchase 14.8 million common shares

- Recognized $79.7 million reduction of equity, no earnings impact

- In first quarter, warrant had dilutive impact of 2.7 million common shares

- Return of quarterly cash dividend

- $0.01 per share paid April 1, 2011     

- Current ratios strong (regulatory capital ratios estimated based on period-end balances)     

- 8.91% for tangible common equity to tangible assets     

- 14.19% for Tier 1

- 18.61% for Total Capital

- 11.67% for Tier 1 Common

Taxes (Operating Results)

- Approximately $8.6 million positive quarterly effect from permanent tax credits     

5

CHARGES FOR RESTRUCTURING, REPOSITIONING, & EFFICIENCY INITIATIVES
Quarterly, Unaudited

(Thousands)	1Q11			4Q10			3Q10			2Q10			1Q10
By Income Statement Impact
Noninterest income
Mortgage banking		$—			$—			$—			$(1,532	)		$—
All other income and commissions		—			—			—			—			(19	)
Noninterest expense
Employee compensation, incentives, and benefits		2,253			2,225			778			(575	)		595
Occupancy		795			17			39			856			31
Legal and professional fees		—			1			—			14			105
All other expense		13			2,801			326			(1,493	)		—
Total loss before income taxes		(3,061	)		(5,044	)		(1,143	)		(334	)		(750	)
Income/(loss) from discontinued operations (a)		(10,514	)		(335	)		—			766			(10,381	)
Net charges resulting from restructuring, repositioning, and efficiency initiatives		$(13,575	)		$(5,379	)		$(1,143	)		$432			$(11,131	)

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

(a) Primarily includes goodwill impairment, severance, and other charges related to the exit of the institutional equity research business and First Horizon Insurance.

6

CONSOLIDATED SUMMARY RESULTS
Quarterly, Unaudited

																1Q11 Change vs.
(Dollars in thousands, except per share data)	1Q11			4Q10			3Q10			2Q10			1Q10			4Q10			1Q10
Income Statement Highlights
Net interest income		$172,755			$182,236			$186,143			$182,064			$180,395			(5	)%		(4	)%
Noninterest income		196,744			190,534			246,762			243,862			245,155			3	%		(20	)%
Securities gains/(losses), net		798			15,681			(2,928	)		75			(1,906	)		NM		NM
Total revenue		370,297			388,451			429,977			426,001			423,644			(5	)%		(13	)%
Noninterest expense		315,146			329,729			343,034			337,311			337,978			(4	)%		(7	)%
Provision for loan losses		1,000			45,000			50,000			70,000			105,000			(98	)%		(99	)%
Income/(loss) before income taxes		54,151			13,722			36,943			18,690			(19,334	)		NM				NM
Provision/(benefit) for income taxes		12,108			(6,681	)		3,138			(1,659	)		(16,518	)		NM				NM
Income/(loss) from continuing operations		42,043			20,403			33,805			20,349			(2,816	)		NM				NM
Income/(loss) from discontinued operations, net of tax		960			(3,095	)		(95	)		129			(7,077	)		NM				NM
Net income/(loss)		43,003			17,308			33,710			20,478			(9,893	)		NM				NM
Net income attributable to noncontrolling interest		2,844			2,840			2,875			2,844			2,844				*			*
Net income/(loss) attributable to controlling interest		40,159			14,468			30,835			17,634			(12,737	)		NM				NM
Preferred stock dividends		—			63,154			14,960			14,938			14,918			NM				NM
Net income/(loss) available to common shareholders		$40,159			$(48,686	)		$15,875			$2,696			$(27,655	)		NM				NM
Common Stock Data
Diluted EPS from continuing operations (a)		$0.15			$(0.19	)		$0.07			$0.01			$(0.09	)		NM				NM
Diluted EPS (a)		$0.15			$(0.20	)		$0.07			$0.01			$(0.12	)		NM				NM
Diluted shares (a)		265,556			239,095			238,867			240,968			234,469			11	%		13	%
Period-end shares outstanding (a)		263,335			263,366			237,061			236,840			236,585			*			11	%
Cash dividends declared per share		$0.01			N/A			N/A			N/A			N/A
Stock dividend rate declared per share		N/A			1.8122	%		1.6567	%		1.2896	%		1.4561	%
Balance Sheet Highlights (Period-End)
Total loans, net of unearned income (Restricted — $.7 billion) (b)		$15,972,372			$16,782,572			$17,059,489			$17,154,050			$17,484,224			(5	)%		(9	)%
Total deposits (Restricted — $1.1 million) (b)		15,350,967			15,208,231			14,975,920			15,201,816			15,069,700			1	%		2	%
Total assets (Restricted — $.7 billion) (b)		24,438,344			24,698,952			25,384,181			26,254,226			25,923,576			(1	)%		(6	)%
Total liabilities (Restricted — $.7 billion) (b)		21,798,287			22,020,947			22,077,293			22,966,993			22,652,634			(1	)%		(4	)%
Total equity		2,640,057			2,678,005			3,306,888			3,287,233			3,270,942			(1	)%		(19	)%
Asset Quality Highlights
Allowance for loan losses (Restricted — $39.8 million) (b)		$589,128			$664,799			$719,899			$781,269			$844,060			(11	)%		(30	)%
Allowance / period-end loans		3.69	%		3.96	%		4.22	%		4.55	%		4.83	%
Net charge-offs		$76,671			$100,100			$111,370			$132,791			$182,432			(23	)%		(58	)%
Net charge-offs (annualized) / average loans		1.90	%		2.38	%		2.63	%		3.10	%		4.13	%
Non-performing assets (NPA)		$818,969			$836,502			$919,242			$899,802			$1,041,214			(2	)%		(21	)%
NPA % (c)		4.55	%		4.48	%		5.00	%		4.92	%		5.63	%
Key Ratios & Other
Return on average assets (annualized) (d)		0.71	%		0.27	%		0.52	%		0.32	%		(0.16	)%
Return on average common equity (annualized) (e)		6.82	%		(8.59	)%		2.86	%		0.49	%		(5.10	)%
Net interest margin (f) (g)		3.22	%		3.18	%		3.23	%		3.19	%		3.18	%
Fee income to total revenue (h)		53	%		51	%		57	%		57	%		58	%
Efficiency ratio (i)		85.29	%		88.45	%		79.24	%		79.19	%		79.42	%
Book value per common share		$8.90			$9.05			$9.28			$9.23			$9.18
Tangible book value per common share (g)		$8.21			$8.31			$8.45			$8.39			$8.34
Adjusted tangible common equity to risk weighted assets (g)		10.79	%		10.66	%		9.55	%		9.21	%		9.09	%
Full time equivalent employees		5,159			5,435			5,506			5,531			5,503			(5	)%		(6	)%

NM — Not meaningful
N/A — Not applicable
* Amount is less than one percent.
Certain previously reported amounts have been reclassified to agree with current presentation.
(a) Shares restated for stock dividends distributed through January 1, 2011.
(b) Restricted balances parenthetically presented are as of March 31, 2011.
(c) NPAs related to the loan portfolio over period-end loans plus foreclosed real estate and other assets.
(d) Calculated using net income.
(e) Calculated using net income available to common shareholders.
(f) Net interest margin is computed using total net interest income adjusted for FTE.
(g) Refer to the Non-GAAP to GAAP Reconciliation on page 29 of this financial supplement.
(h) Ratio excludes securities gains/(losses).
(i) Noninterest expense divided by total revenue excluding securities gains/(losses).

7

CONSOLIDATED INCOME STATEMENT
Quarterly, Unaudited

																1Q11 Change vs.
(Thousands)		1Q11		4Q10			3Q10			2Q10			1Q10			4Q10			1Q10
Interest income			$207,605		$217,260			$223,165			$220,365			$219,496			(4	)%		(5	)%
Less: interest expense			34,850		35,024			37,022			38,301			39,101			*			(11	)%
Net interest income			172,755		182,236			186,143			182,064			180,395			(5	)%		(4	)%
Provision for loan losses			1,000		45,000			50,000			70,000			105,000			(98	)%		(99	)%
Net interest income after provision for loan losses	��		171,755		137,236			136,143			112,064			75,395			25	%	NM
Noninterest income:
Capital markets			90,057		94,573			114,014			100,876			114,571			(5	)%		(21	)%
Mortgage banking			27,726		16,057			53,122			63,301			34,884			73	%		(21	)%
Deposit transactions and cash management			32,637		35,142			34,911			39,018			35,767			(7	)%		(9	)%
Trust services and investment management			6,360		6,330			6,171			6,850			6,323				*		1	%
Brokerage management fees and commissions			6,889		5,777			6,427			6,006			6,339			19	%		9	%
Insurance commissions			756		662			780			1,358			1,153			14	%		(34	)%
Securities gains/(losses), net			798		15,681			(2,928	)		75			(1,906	)	NM			NM
Other			32,319		31,993			31,337			26,453			46,118			1	%		(30	)%
Total noninterest income			197,542		206,215			243,834			243,937			243,249			(4	)%		(19	)%
Adjusted gross income after provision for loan losses			369,297		343,451			379,977			356,001			318,644			8	%		16	%
Noninterest expense:
Employee compensation, incentives, and benefits (b)			157,179		165,053			171,437			161,381			176,993			(5	)%		(11	)%
Repurchase and foreclosure provision			37,203		44,223			48,712			56,188			40,707			(16	)%		(9	)%
Operations services			13,928		14,875			14,941			15,310			14,597			(6	)%		(5	)%
Occupancy (b)			14,910		13,787			14,267			15,367			14,462			8	%		3	%
Legal and professional fees			18,558		16,317			14,247			18,083			13,927			14	%		33	%
Deposit insurance premium			8,055		9,326			10,123			9,196			8,493			(14	)%		(5	)%
Computer software			8,090		8,411			7,585			7,337			7,082			(4	)%		14	%
Contract employment			6,921		7,934			7,443			7,274			6,174			(13	)%		12	%
Equipment rentals, depreciation, and maintenance			7,916		7,862			7,162			7,572			5,962			1	%		33	%
Foreclosed real estate			6,789		4,178			5,159			5,137			10,470			62	%		(35	)%
Communications and courier			5,247		5,152			5,050			5,835			6,189			2	%		(15	)%
Miscellaneous loan costs			1,492		1,796			1,913			4,546			4,112			(17	)%		(64	)%
Amortization of intangible assets			1,032		1,078			1,078			1,078			1,078			(4	)%		(4	)%
Other (a) (b)			27,826		29,737			33,917			23,007			27,732			(6	)%		*
Total noninterest expense			315,146		329,729			343,034			337,311			337,978			(4	)%		(7	)%
Income/(loss) before income taxes			54,151		13,722			36,943			18,690			(19,334	)	NM			NM
Provision/(benefit) for income taxes			12,108		(6,681	)		3,138			(1,659	)		(16,518	)	NM			NM
Income/(loss) from continuing operations			42,043		20,403			33,805			20,349			(2,816	)	NM			NM
Income/(loss) from discontinued operations, net of tax (b)			960		(3,095	)		(95	)		129			(7,077	)	NM			NM
Net income/(loss)			43,003		17,308			33,710			20,478			(9,893	)	NM			NM
Net income attributable to noncontrolling interest			2,844		2,840			2,875			2,844			2,844				*			*
Net income/(loss) attributable to controlling interest			40,159		14,468			30,835			17,634			(12,737	)	NM			NM
Preferred stock dividends			—		63,154			14,960			14,938			14,918		NM			NM
Net income/(loss) available to common shareholders			$40,159		(48,686	)		$15,875			$2,696			$(27,655	)	NM			NM

NM – Not meaningful
* Amount is less than one percent.
Certain previously reported amounts have been reclassified to agree with current presentation.
(a) 1Q11 includes $3.3 million reversal of the contingent liability for certain Visa legal matters.
(b) 1Q11 includes a portion of net charges related to Restructuring, Repositioning, & Efficiency Initiatives.

8

OTHER INCOME AND OTHER EXPENSE
Quarterly, Unaudited

													1Q11 Change vs.
(Thousands)	1Q11		4Q10		3Q10		2Q10			1Q10			4Q10			1Q10
Other Income
Bank owned life insurance		$4,815		$7,732		$5,913		$5,784			$6,469			(38	)%		(26	)%
Bankcard income		4,720		4,977		4,965		5,271			4,548			(5	)%		4	%
ATM interchange fees		3,535		3,748		3,532		3,232			3,657			(6	)%		(3	)%
Other service charges		2,854		2,845		2,832		2,382			2,383				*		20	%
Electronic banking fees		1,534		1,629		1,870		1,887			1,725			(6	)%		(11	)%
Letter of credit fees		1,776		1,508		1,544		1,802			1,639			18	%		8	%
Deferred compensation		979		2,260		1,121		(771	)		1,010			(57	)%		(3	)%
Gains on extinguishment of debt		5,761		—		—		—			17,060		NM				(66	)%
Other		6,345		7,294		9,560		6,866			7,627			(13	)%		(17	)%
Total		$32,319		$31,993		$31,337		$26,453			$46,118			1	%		(30	)%
Other Expense
Advertising and public relations		$3,862		$5,756		$6,557		$5,574			$5,250			(33	)%		(26	)%
Low income housing expense		4,697		5,886		5,513		5,364			5,466			(20	)%		(14	)%
Other insurance and taxes		3,475		1,814		2,992		3,589			3,153			92	%		10	%
Travel and entertainment		1,801		2,476		2,507		2,627			2,371			(27	)%		(24	)%
Customer relations		1,270		1,729		1,545		1,838			1,967			(27	)%		(35	)%
Employee training and dues		1,251		1,126		1,120		965			1,442			11	%		(13	)%
Supplies		981		1,223		1,126		1,083			1,148			(20	)%		(15	)%
Bank examination costs		1,118		1,147		1,147		1,142			1,142			(3	)%		(2	)%
Loan insurance expense (a)		781		603		903		682			(2,874	)		30	%		127	%
Federal services fees		464		471		520		712			907			(1	)%		(49	)%
Other (b) (c)		8,126		7,506		9,987		(569	)		7,760			8	%		5	%
Total		$27,826		$29,737		$33,917		$23,007			$27,732			(6	)%			*

NM – Not meaningful
* Amount is less than one percent.
Certain previously reported amounts have been reclassified to agree with current presentation.
(a) 1Q10 includes cancellation of an HLTV insurance contract and return of $3.8 million of premiums.
(b) 1Q11 includes $3.3 million reversal of the contingent liability for certain Visa legal matters.
(c) 1Q11 includes a portion of net charges related to Restructuring, Repositioning, & Efficiency Initiatives.

9

CONSOLIDATED PERIOD-END BALANCE SHEET
Quarterly, Unaudited

																1Q11 Change vs.
(Thousands)	1Q11			4Q10			3Q10			2Q10			1Q10			4Q10			1Q10
Assets
Investment securities		$3,085,478			$3,031,930			$2,611,460			$2,489,819			$2,697,719			2	%		14	%
Loans held for sale		370,487			375,289			414,259			505,237			505,794			(1	)%		(27	)%
Loans, net of unearned income (Restricted — $.7 billion) (a)		15,972,372			16,782,572			17,059,489			17,154,050			17,484,224			(5	)%		(9	)%
Federal funds sold and securities purchased under agreements to resell		527,563			424,390			602,407			602,910			523,237			24	%		1	%
Interest bearing cash (b)		308,636			517,739			266,469			275,148			383,571			(40	)%		(20	)%
Trading securities		924,854			769,750			1,214,595			1,806,789			964,800			20	%		(4	)%
Total earning assets		21,189,390			21,901,670			22,168,679			22,833,953			22,559,345			(3	)%		(6	)%
Cash and due from banks (Restricted — $4.9 million) (a)		337,002			344,384			331,743			364,857			279,730			(2	)%		20	%
Capital markets receivables		595,594			146,091			564,879			828,866			743,514		NM				(20	)%
Mortgage servicing rights, net		207,748			207,319			191,943			201,746			264,959				*		(22	)%
Goodwill		152,080			162,180			162,180			162,180			162,180			(6	)%		(6	)%
Other intangible assets, net		31,545			32,881			34,263			35,645			37,027			(4	)%		(15	)%
Premises and equipment, net		320,871			322,319			311,947			307,452			308,714				*		4	%
Real estate acquired by foreclosure (c)		110,127			125,401			139,359			122,548			122,060			(12	)%		(10	)%
Allowance for loan losses (Restricted — $39.8 million) (a)		(589,128	)		(664,799	)		(719,899	)		(781,269	)		(844,060	)		11	%		30	%
Other assets (Restricted — $16.7 million) (a)		2,083,115			2,121,506			2,199,087			2,178,248			2,290,107			(2	)%		(9	)%
Total assets (Restricted — $.7 billion) (a)		$24,438,344			$24,698,952			$25,384,181			$26,254,226			$25,923,576			(1	)%		(6	)%
Liabilities and Equity
Deposits
Savings		$6,296,533			$6,036,895			$5,436,451			$5,385,698			$5,174,901			4	%		22	%
Other interest-bearing deposits		2,679,437			2,842,306			3,088,224			3,237,183			3,256,040			(6	)%		(18	)%
Time deposits		1,336,666			1,390,995			1,473,622			1,545,475			1,642,820			(4	)%		(19	)%
Total interest-bearing core deposits		10,312,636			10,270,196			9,998,297			10,168,356			10,073,761				*		2	%
Noninterest-bearing deposits (Restricted — $1.1 million) (a)		4,480,413			4,376,285			4,393,107			4,409,505			4,461,050			2	%			*
Total core deposits (d)		14,793,049			14,646,481			14,391,404			14,577,861			14,534,811			1	%		2	%
Certificates of deposit $100,000 and more		557,918			561,750			584,516			623,955			534,889			(1	)%		4	%
Total deposits (Restricted — $1.1 million) (a)		15,350,967			15,208,231			14,975,920			15,201,816			15,069,700			1	%		2	%
Federal funds purchased and securities sold under agreements to repurchase		2,125,793			2,114,908			2,439,542			2,278,890			2,635,423			1	%		(19	)%
Trading liabilities		384,250			361,920			414,666			481,477			357,919			6	%		7	%
Other short-term borrowings and commercial paper		237,583			180,735			193,361			487,449			167,508			31	%		42	%
Term borrowings (Restricted — $.7 billion) (a)		2,514,754			3,228,070			2,805,731			2,926,675			2,932,524			(22	)%		(14	)%
Capital markets payables		413,334			65,506			379,526			754,079			740,852		NM				(44	)%
Other liabilities (Restricted — $.1 million) (a)		771,606			861,577			868,547			836,607			748,708			(10	)%		3	%
Total liabilities (Restricted — $.7 billion) (a)		21,798,287			22,020,947			22,077,293			22,966,993			22,652,634			(1	)%		(4	)%
Equity
Common stock		164,584			164,604			145,526			143,021			141,048				*		17	%
Capital surplus		1,636,623			1,630,210			1,344,307			1,296,484			1,251,776				*		31	%
Capital surplus common stock warrant — (CPP)		—			83,860			83,860			83,860			83,860		NM			NM
Undivided profits		674,064			631,712			737,014			767,769			809,624			7	%		(17	)%
Accumulated other comprehensive loss, net		(130,379	)		(127,546	)		(109,958	)		(105,922	)		(113,291	)		(2	)%		(15	)%
Preferred stock capital surplus — (CPP)		—			—			810,974			806,856			802,760		NM			NM
Noncontrolling interest (e)		295,165			295,165			295,165			295,165			295,165				*			*
Total equity		2,640,057			2,678,005			3,306,888			3,287,233			3,270,942			(1	)%		(19	)%
Total liabilities and equity		$24,438,344			$24,698,952			$25,384,181			$26,254,226			$25,923,576			(1	)%		(6	)%

NM – Not meaningful
* Amount is less than one percent.
Certain previously reported amounts have been reclassified to agree with current presentation.

(a) Restricted balances parenthetically presented are as of March 31, 2011.
(b) Includes excess balances held at Fed.
(c) 1Q11 includes $15.7 million of foreclosed assets related to government insured mortgages
(d) 1Q11 average core deposits were $14.6 billion.

(e) Includes preferred stock of subsidiary.

10

CONSOLIDATED AVERAGE BALANCE SHEET
Quarterly, Unaudited

																1Q11 Change vs.
(Thousands)	1Q11			4Q10			3Q10			2Q10			1Q10			4Q10			1Q10
Assets:
Earning assets:
Loans, net of unearned income:
Commercial, Financial, and Industrial (C&I)		$6,823,350			$7,229,808			$7,017,427			$6,730,496			$6,754,131			(6	)%		1	%
Income CRE		1,422,837			1,472,182			1,570,928			1,629,964			1,702,499			(3	)%		(16	)%
Residential CRE		249,777			306,292			361,217			471,569			592,122			(18	)%		(58	)%
Consumer real estate		5,553,846			5,706,103			5,872,695			6,013,562			6,185,476			(3	)%		(10	)%
Permanent mortgage		1,060,537			980,383			986,444			1,035,986			1,074,440			8	%		(1	)%
Credit card and other		299,861			318,000			338,987			374,916			471,143			(6	)%		(36	)%
Restricted real estate loans		741,413			779,793			818,149			853,568			890,376			(5	)%		(17	)%
Total loans, net of unearned income (Restricted — $.7 billion) (a) (b)		$16,151,621			$16,792,561			$16,965,847			$17,110,061			$17,670,187			(4	)%		(9	)%
Loans held for sale		353,384			385,047			481,317			493,225			490,626			(8	)%		(28	)%
Investment securities:
U.S. Treasuries		82,197			72,375			68,570			77,488			74,501			14	%		10	%
U.S. government agencies		2,669,852			2,418,015			2,198,754			2,223,153			2,282,005			10	%		17	%
States and municipalities		26,015			38,914			41,756			42,076			43,194			(33	)%		(40	)%
Other		224,565			228,866			244,766			265,918			283,476			(2	)%		(21	)%
Total investment securities		3,002,629			2,758,170			2,553,846			2,608,635			2,683,176			9	%		12	%
Capital markets securities inventory		1,110,584			1,118,090			1,338,535			1,085,816			880,448			(1	)%		26	%
Mortgage banking trading securities		34,549			36,040			37,814			50,423			57,105			(4	)%		(39	)%
Other earning assets:
Federal funds sold and securities purchased under agreements to resell		581,861			553,432			572,078			624,892			620,832			5	%		(6	)%
Interest bearing cash (c)		586,411			1,312,006			1,095,006			982,410			481,259			(55	)%		22	%
Total other earning assets		1,168,272			1,865,438			1,667,084			1,607,302			1,102,091			(37	)%		6	%
Total earning assets		21,821,039			22,955,346			23,044,443			22,955,462			22,883,633			(5	)%		(5	)%
Allowance for loan losses (Restricted — $43.6 million) (a)		(644,107	)		(717,297	)		(778,326	)		(821,652	)		(906,970	)		10	%		29	%
Cash and due from banks (Restricted — $6.6 million) (a)		351,488			338,619			363,445			367,796			415,990			4	%		(16	)%
Capital markets receivables		124,395			197,294			161,239			127,331			125,459			(37	)%		(1	)%
Premises and equipment, net		320,485			320,341			309,713			307,078			311,822				*		3	%
Other assets (Restricted — $19.3 million) (a)		2,596,870			2,694,155			2,657,126			2,664,563			2,729,474			(4	)%		(5	)%
Total assets (Restricted — $.7 billion) (a)		$24,570,170			$25,788,458			$25,757,640			$25,600,578			$25,559,408			(5	)%		(4	)%
Liabilities and equity:
Interest-bearing liabilities:
Interest-bearing deposits:
Other interest-bearing deposits		$2,662,421			$3,010,572			$3,008,241			$3,277,859			$3,105,164			(12	)%		(14	)%
Savings		6,184,409			5,926,061			5,782,596			5,424,462			4,881,791			4	%		27	%
Time deposits		1,360,180			1,434,238			1,505,267			1,591,048			1,853,591			(5	)%		(27	)%
Total interest-bearing core deposits		10,207,010			10,370,871			10,296,104			10,293,369			9,840,546			(2	)%		4	%
Certificates of deposit $100,000 and more		560,805			558,860			617,560			603,952			532,532				*		5	%
Federal funds purchased and securities sold under agreements to repurchase		2,259,138			2,618,819			2,523,719			2,521,758			2,800,856			(14	)%		(19	)%
Capital markets trading liabilities		561,429			514,992			520,046			565,709			589,886			9	%		(5	)%
Other short-term borrowings and commercial paper		172,601			207,315			199,588			167,966			337,966			(17	)%		(49	)%
Term borrowings (Restricted — $.7 billion) (a)		2,838,034			2,856,014			2,913,979			2,921,627			2,969,859			(1	)%		(4	)%
Total interest-bearing liabilities		16,599,017			17,126,871			17,070,996			17,074,381			17,071,645			(3	)%		(3	)%
Noninterest-bearing deposits (Restricted — $1.5 million) (a)		4,414,758			4,470,436			4,454,907			4,394,187			4,375,034			(1	)%		1	%
Capital markets payables		79,389			98,738			124,008			99,782			90,015			(20	)%		(12	)%
Other liabilities		795,176			823,170			799,734			736,822			727,433			(3	)%		9	%
Equity		2,681,830			3,269,243			3,307,995			3,295,406			3,295,281			(18	)%		(19	)%
Total liabilities and equity		$24,570,170			$25,788,458			$25,757,640			$25,600,578			$25,559,408			(5	)%		(4	)%

NM – Not meaningful

*  Amount is less than one percent.

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

(a) Restricted balances parenthetically presented are as of March 31, 2011.

(b) Includes loans on nonaccrual status.

(c) Includes excess balances held at Fed.

11

CONSOLIDATED AVERAGE BALANCE SHEET: YIELDS AND RATES
Quarterly, Unaudited

(Thousands)	1Q11			4Q10			3Q10			2Q10			1Q10
Assets:
Earning assets:
Loans, net of unearned income (a)		4.12	%		4.16	%		4.15	%		4.07	%		3.97	%
Loans held for sale		4.14			3.62			3.95			4.51			4.05
Investment securities:
U.S. Treasuries		0.59			0.65			0.68			0.48			0.91
U.S. government agencies		3.97			4.09			4.40			4.77			4.99
States and municipalities		3.19			1.58			1.80			1.08			1.14
Other		4.32			3.96			3.94			3.60			3.43
Total investment securities		3.90			3.96			4.21			4.47			4.65
Capital markets securities inventory		3.61			3.59			4.03			3.86			3.75
Mortgage banking trading securities		10.29			10.02			9.90			8.26			10.75
Other earning assets:
Federal funds sold and securities purchased under agreements to resell		0.05			0.09			0.12			0.12			0.04
Interest bearing cash		0.23			0.24			0.24			0.24			0.22
Total other earning assets (b)		0.14			0.20			0.20			0.20			0.12
Total earning assets / interest income		3.86	%		3.79	%		3.87	%		3.85	%		3.87	%
Liabilities:
Interest-bearing liabilities:
Interest-bearing deposits:
Other interest-bearing deposits		0.24	%		0.23	%		0.26	%		0.32	%		0.33	%
Savings		0.48			0.52			0.55			0.60			0.62
Time deposits		2.39			2.42			2.47			2.49			2.32
Total interest-bearing core deposits		0.67			0.70			0.74			0.80			0.85
Certificates of deposit $100,000 and more		1.96			2.05			2.14			2.27			2.57
Federal funds purchased and securities sold under agreements to repurchase		0.24			0.24			0.24			0.24			0.23
Capital markets trading liabilities		2.74			2.70			3.15			3.58			3.72
Other short-term borrowings and commercial paper		0.51			0.71			0.61			0.63			0.41
Term borrowings (c)		1.41			1.18			1.16			1.02			1.06
Total interest-bearing liabilities / interest expense		0.85	%		0.81	%		0.86	%		0.90	%		0.93	%
Net interest spread		3.01	%		2.98	%		3.01	%		2.95	%		2.94	%
Effect of interest-free sources used to fund earning assets		0.21			0.20			0.22			0.24			0.24
Net interest margin		3.22	%		3.18	%		3.23	%		3.19	%		3.18	%

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

Yields are adjusted to a fully taxable equivalent (“FTE”). Refer to the Non-GAAP to GAAP Reconciliation on page 29 for reconciliation of net interest income (GAAP) to net interest income adjusted for impact of FTE — (non-GAAP).

(a) Includes loans on nonaccrual status.

(b) Earning assets yields are expressed net of unearned income.

(c) Rates are expressed net of unamortized debenture cost for term borrowings.

12

MORTGAGE SERVICING RIGHTS
Quarterly, Unaudited

																1Q11 Change vs.
(Thousands)	1Q11			4Q10			3Q10			2Q10			1Q10			4Q10			1Q10
First Liens
Fair value beginning balance		$203,812			$188,397			$197,953			$261,083			$296,115
Adjustment due to adoption of amendments to ASC 810		—			—			—			—			(197	)
Reductions due to loan payments		(7,163	)		(10,160	)		(8,752	)		(7,238	)		(8,793	)
Reductions due to sale		—			—			—			(24,558	)		—
Reductions due to exercise of clean up calls		—			(1,110	)		—			—			—
Changes in fair value due to:
Changes in valuation model inputs or assumptions (a)		7,592			26,685			385			(31,398	)		(26,968	)
Other changes in fair value		16			—			(1,189	)		64			926
Fair value ending balance		$204,257			$203,812			$188,397			$197,953			$261,083			*			(22	)%
Second Liens
Fair value beginning balance		$262			$250			$242			$242			$1,174
Adjustment due to adoption of amendments to ASC 810		—			—			—			—			(928	)
Reductions due to loan payments		(13	)		(17	)		(8	)		(9	)		(7	)
Changes in fair value due to:
Other changes in fair value		10			29			16			9			3
Fair value ending balance		$259			$262			$250			$242			$242			(1	)%		7	%
HELOC
Fair value beginning balance		$3,245			$3,296			$3,551			$3,634			$5,322
Adjustment due to adoption of amendments to ASC 810		—			—			—			—			(1,168	)
Reductions due to loan payments		(42	)		(76	)		(514	)		(90	)		(521	)
Changes in fair value due to:
Other changes in fair value		29			25			259			7			1
Fair value ending balance		$3,232			$3,245			$3,296			$3,551			$3,634			*			(11	)%
Total Consolidated
Fair value beginning balance		$207,319			$191,943			$201,746			$264,959			$302,611
Adjustment due to adoption of amendments to ASC 810		—			—			—			—			(2,293	)
Reductions due to loan payments		(7,218	)		(10,253	)		(9,274	)		(7,337	)		(9,321	)
Reductions due to sale		—			—			—			(24,558	)		—
Reductions due to exercise of clean up calls		—			(1,110	)		—			—			—
Changes in fair value due to:
Changes in valuation model inputs or assumptions (a)		7,592			26,685			385			(31,398	)		(26,968	)
Other changes in fair value		55			54			(914	)		80			930
Fair value ending balance		$207,748			$207,319			$191,943			$201,746			$264,959			*			(22	)%

*	Amount is less than one percent.
(a)	Principally reflects changes in discount rates and prepayment speed assumptions, mostly due to changes in interest rates.

13

BUSINESS SEGMENT HIGHLIGHTS
Quarterly, Unaudited

																1Q11 Change vs.
(Thousands)	1Q11			4Q10			3Q10			2Q10			1Q10			4Q10			1Q10
Regional Banking
Net interest income		$135,524			$145,280			$143,042			$138,179			$133,857			(7	)%		1	%
Noninterest income		67,370			71,829			73,106			74,652			70,926			(6	)%		(5	)%
Total revenues		202,894			217,109			216,148			212,831			204,783			(7	)%		(1	)%
Provision for loan losses		(12,400	)		2,009			10,304			27,975			52,047		NM			NM
Noninterest expense		151,120			153,299			155,578			153,964			156,623			(1	)%		(4	)%
Income/(loss) before income taxes		64,174			61,801			50,266			30,892			(3,887	)		4	%	NM
Provision/(benefit) for income taxes		23,464			22,363			18,274			11,213			(1,786	)		5	%	NM
Net income/(loss)		$40,710			$39,438			$31,992			$19,679			$(2,101	)		3	%	NM
Capital Markets
Net interest income		$5,574			$5,877			$8,584			$4,824			$2,364			(5	)%	NM
Noninterest income		90,080			94,555			114,055			100,975			114,584			(5	)%		(21	)%
Total revenues		95,654			100,432			122,639			105,799			116,948			(5	)%		(18	)%
Noninterest expense		73,563			76,812			79,434			78,066			83,877			(4	)%		(12	)%
Income before income taxes		22,091			23,620			43,205			27,733			33,071			(6	)%		(33	)%
Provision for income taxes		8,434			8,829			16,214			10,384			12,382			(4	)%		(32	)%
Net income		$13,657			$14,791			$26,991			$17,349			$20,689			(8	)%		(34	)%
Corporate
Net interest income/(expense)		$(297	)		$(2,064	)		$(2,845	)		$1,113			$5,557			(86	)%	NM
Noninterest income		12,871			26,252			7,943			4,925			24,906			(51	)%		(48	)%
Total revenues		12,574			24,188			5,098			6,038			30,463			(48	)%		(59	)%
Noninterest expense		20,671			19,014			19,413			11,833			20,489			9	%		1	%
Income/(loss) before income taxes		(8,097	)		5,174			(14,315	)		(5,795	)		9,974		NM			NM
Benefit for income taxes		(10,543	)		(8,907	)		(15,444	)		(10,392	)		(5,074	)		18	%	NM
Net income		$2,446			$14,081			$1,129			$4,597			$15,048			(83	)%		(84	)%
Non-Strategic
Net interest income		$31,954			$33,143			$37,362			$37,948			$38,617			(4	)%		(17	)%
Noninterest income		27,221			13,579			48,730			63,385			32,833		NM				(17	)%
Total revenues		59,175			46,722			86,092			101,333			71,450			27	%		(17	)%
Provision for loan losses		13,400			42,991			39,696			42,025			52,953			(69	)%		(75	)%
Noninterest expense		69,792			80,604			88,609			93,448			76,989			(13	)%		(9	)%
Loss before income taxes		(24,017	)		(76,873	)		(42,213	)		(34,140	)		(58,492	)		(69	)%		(59	)%
Benefit for income taxes		(9,247	)		(28,966	)		(15,906	)		(12,864	)		(22,040	)		(68	)%		(58	)%
Net loss from continuing operations		(14,770	)		(47,907	)		(26,307	)		(21,276	)		(36,452	)		(69	)%		(59	)%
Income/(loss) from discontinued operations, net of tax		960			(3,095	)		(95	)		129			(7,077	)	NM			NM
Net loss		$(13,810	)		$(51,002	)		$(26,402	)		$(21,147	)		$(43,529	)		(73	)%		(68	)%
Total Consolidated
Net interest income		$172,755			$182,236			$186,143			$182,064			$180,395			(5	)%		(4	)%
Noninterest income		197,542			206,215			243,834			243,937			243,249			(4	)%		(19	)%
Total revenues		370,297			388,451			429,977			426,001			423,644			(5	)%		(13	)%
Provision for loan losses		1,000			45,000			50,000			70,000			105,000			(98	)%		(99	)%
Noninterest expense		315,146			329,729			343,034			337,311			337,978			(4	)%		(7	)%
Income/(loss) before income taxes		54,151			13,722			36,943			18,690			(19,334	)	NM			NM
Provision/(benefit) for income taxes		12,108			(6,681	)		3,138			(1,659	)		(16,518	)	NM			NM
Net income/(loss) from continuing operations		42,043			20,403			33,805			20,349			(2,816	)	NM			NM
Income/(loss) from discontinued operations, net of tax		960			(3,095	)		(95	)		129			(7,077	)	NM			NM
Net income/(loss)		$43,003			$17,308			$33,710			$20,478			$(9,893	)	NM			NM

NM — Not meaningful

*	Amount is less than one percent.
Certain previously reported amounts have been reclassified to agree with current presentation.

14

REGIONAL BANKING
Quarterly, Unaudited

																1Q11 Change vs.
(Thousands)	1Q11			4Q10			3Q10			2Q10			1Q10			4Q10			1Q10
Income Statement
Net interest income		$135,524			$145,280			$143,042			$138,179			$133,857			(7	)%		1	%
Provision for loan losses		(12,400	)		2,009			10,304			27,975			52,047		NM			NM
Noninterest income		67,370			71,829			73,106			74,652			70,926			(6	)%		(5	)%
Noninterest expense		151,120			153,299			155,578			153,964			156,623			(1	)%		(4	)%
Income/(loss) before income taxes		$64,174			$61,801			$50,266			$30,892			$(3,887	)		4	%	NM
Efficiency ratio (a)		74.48	%		70.61	%		71.98	%		72.34	%		76.48	%
Balance Sheet (millions)
Average loans		$10,516			$10,994			$10,863			$10,648			$10,765			(4	)%		(2	)%
Average other earning assets		71			103			201			205			174			(31	)%		(59	)%
Total average earning assets		10,587			11,097			11,064			10,853			10,939			(5	)%		(3	)%
Average core deposits		12,619			12,629			12,353			12,530			12,163			*			4	%
Average other deposits		561			560			605			591			520			*			8	%
Total average deposits		13,180			13,189			12,958			13,121			12,683			*			4	%
Total period end deposits		13,405			13,239			12,911			13,047			12,888			1	%		4	%
Total period end assets		11,072			11,644			11,815			11,620			11,328			(5	)%		(2	)%
Net interest margin (b)		5.23	%		5.23	%		5.16	%		5.12	%		4.97	%
Loan yield		4.04			4.07			4.12			4.05			4.01
Deposit average yield		0.57			0.60			0.65			0.69			0.73
Noninterest Income Detail (thousands)
NSF / overdraft fees		$11,772			$13,734			$14,120			$17,825			$15,194			(14	)%		(23	)%
Cash management fees		9,132			10,148			9,509			9,945			10,160			(10	)%		(10	)%
Debit card income		6,780			6,685			6,781			6,788			6,423			1	%		6	%
Other		4,747			4,361			4,241			4,214			3,761			9	%		26	%
Total deposit transactions and cash management		32,431			34,928			34,651			38,772			35,538			(7	)%		(9	)%
Insurance commissions		746			652			770			1,348			1,141			14	%		(35	)%
Trust services and investment management		6,354			6,312			6,218			6,841			6,314			1	%		1	%
Bankcard income		4,322			4,564			4,537			4,813			4,079			(5	)%		6	%
Mortgage banking		2,591			5,736			3,997			3,645			3,508			(55	)%		(26	)%
Other service charges		3,532			3,510			3,510			3,171			3,381			1	%		4	%
Miscellaneous revenue		17,394			16,127			19,423			16,062			16,965			8	%		3	%
Total noninterest income		$67,370			$71,829			$73,106			$74,652			$70,926			(6	)%		(5	)%
Key Statistics
Locations
Financial centers		178			183			182			182			182			(3	)%		(2	)%
Trust assets
Total managed assets (millions)		4,756			4,955			4,892			4,920			4,580			(4	)%		4	%
Mortgage production
First lien production (millions)		$111			$262			$225			$176			$185			(58	)%		(40	)%

NM — Not meaningful

*	Amount is less than one percent.
	Certain previously reported amounts have been reclassified to agree with current presentation.
(a)	Noninterest expense divided by total revenue.
(b)	Net interest margin is computed using total net interest income adjusted for FTE. Refer to the Non-GAAP to GAAP Reconciliation on page 29 of this supplement.

15

CAPITAL MARKETS
Quarterly, Unaudited

																1Q11 Change vs.
(Thousands)	1Q11			4Q10			3Q10			2Q10			1Q10			4Q10			1Q10
Income Statement
Net interest income		$5,574			$5,877			$8,584			$4,824			$2,364			(5	)%	NM
Noninterest income:
Fixed income		83,194			86,106			106,908			91,849			105,270			(3	)%		(21	)%
Other		6,886			8,449			7,147			9,126			9,314			(18	)%		(26	)%
Total noninterest income		90,080			94,555			114,055			100,975			114,584			(5	)%		(21	)%
Noninterest expense		73,563			76,812			79,434			78,066			83,877			(4	)%		(12	)%
Income before income taxes		$22,091			$23,620			$43,205			$27,733			$33,071			(6	)%		(33	)%
Efficiency ratio (a)		76.91	%		76.48	%		64.77	%		73.79	%		71.72	%
Fixed income average daily revenue		$1,342			$1,389			$1,670			$1,458			$1,726			(3	)%		(22	)%
Balance Sheet (millions)
Average trading inventory		$1,111			$1,118			$1,339			$1,086			$880			(1	)%		26	%
Average other earning assets		579			541			553			607			626			7	%		(8	)%
Total average earning assets		1,690			1,659			1,892			1,693			1,506			2	%		12	%
Total period end assets		2,256			1,529			2,637			3,414			2,394			48	%		(6	)%
Net interest margin (b)		1.32	%		1.44	%		1.84	%		1.15	%		0.63	%

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

(a) Noninterest expense divided by total revenue.

(b) Net interest margin is computed using total net interest income adjusted for FTE. Refer to the Non-GAAP to GAAP Reconciliation on page 29 of this supplement.

16

CORPORATE
Quarterly, Unaudited

																1Q11 Change vs.
(Thousands)	1Q11			4Q10			3Q10			2Q10			1Q10			4Q10			1Q10
Income Statement
Net interest income/(expense)		$(297	)		$(2,064	)		$(2,845	)		$1,113			$5,557			(86	)%	NM
Noninterest income		12,100			10,718			7,943			4,926			25,094			13	%		(52	)%
Securities gains/(losses), net		771			15,534			—			(1	)		(188	)		(95	)%	NM
Noninterest expense		20,671			19,014			19,413			11,833			20,489			9	%		1	%
Income/(loss) before income taxes		$(8,097	)		$5,174			$(14,315	)		$(5,795	)		$9,974		NM			NM
Average Balance Sheet (millions)
Average loans (a)		$159			$35			—			—			—		NM			NM
Total earning assets		$3,712			$4,051			$3,572			$3,502			$3,042			(8	)%		22	%
Net interest margin (b)		(.09	)%		(.16	)%		(.27	)%		.12	%		.66	%

NM - Not meaningful

* Amount is less than one percent.

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

(a) 1Q11 period-end balance is $151 million. First lien mortgage loans were recognized in 4Q10 through the exercise of cleanup calls for certain proprietary first lien securitization trusts.

(b) Net interest margin is computed using total net interest income adjusted for FTE. Refer to the Non-GAAP to GAAP Reconciliation on page 29 of this supplement.

17

NON-STRATEGIC
Quarterly, Unaudited

																1Q11 Change vs.
(Thousands)	1Q11			4Q10			3Q10			2Q10			1Q10			4Q10			1Q10
Income Statement
Net interest income		$31,954			$33,143			$37,362			$37,948			$38,617			(4	)%		(17	)%
Noninterest income		27,195			13,432			51,657			63,310			34,551		NM				(21	)%
Securities gains/(losses), net		26			147			(2,927	)		75			(1,718	)	NM			NM
Noninterest expense:
Repurchase and foreclosure provision		37,203			44,223			48,714			56,186			40,707			(16	)%		(9	)%
Other expenses		32,589			36,381			39,895			37,262			36,282			(10	)%		(10	)%
Total noninterest expense		69,792			80,604			88,609			93,448			76,989			(13	)%		(9	)%
Provision for loan losses		13,400			42,991			39,696			42,025			52,953			(69	)%		(75	)%
Loss before income taxes		$(24,017	)		$(76,873	)		$(42,213	)		$(34,140	)		$(58,492	)		(69	)%		(59	)%
Average Balance Sheet (millions)
Loans		$5,474			$5,760			$6,101			$6,461			$6,902			(5	)%		(21	)%
Loans held for sale		290			299			304			312			317			(3	)%		(9	)%
Trading securities		35			36			38			50			57			(3	)%		(39	)%
Mortgage servicing rights		208			192			195			242			275			8	%		(24	)%
Other assets		348			339			321			280			282			3	%		23	%
Total assets		6,355			6,626			6,959			7,345			7,833			(4	)%		(19	)%
Escrow balances		351			520			564			565			583			(33	)%		(40	)%
Net interest margin (a)		2.20	%		2.15	%		2.28	%		2.20	%		2.10	%
Efficiency ratio (b)		117.99	%		173.06	%		99.54	%		92.29	%		105.22	%
Mortgage warehouse (millions)
Ending warehouse balance (loans held for sale)		$293			$290			$303			$306			$309			1	%		(5	)%

NM - Not meaningful

* Amount is less than one percent.

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

(a) Net interest margin is computed using total net interest income adjusted for FTE. Refer to the Non-GAAP to GAAP Reconciliation on page 29 of this supplement.

(b) Noninterest expense divided by total revenue excluding securities gains/(losses).

18

NON-STRATEGIC: SERVICING
Quarterly, Unaudited

																1Q11 Change vs.
(Thousands)	1Q11			4Q10			3Q10			2Q10			1Q10			4Q10			1Q10
Servicing Income
Service fees		$20,827			$17,119			$21,351			$25,977			$27,677			22	%		(25	)%
Change in MSR value — runoff		(7,164	)		(10,160	)		(8,752	)		(7,238	)		(8,816	)		(29	)%		(19	)%
Net hedging results		12,472			7,026			31,824			44,099			10,905			78	%		14	%
Total servicing income		$26,135			$13,985			$44,423			$62,838			$29,766			87	%		(12	)%
Key Servicing Metrics (millions) (a)
Beginning servicing portfolio		$27,787			$29,787			$31,973			$39,045			$40,685
Additions to portfolio, net of REO transfers		(301	)		(332	)		(409	)		(440	)		(373	)
Prepayments		(836	)		(1,448	)		(1,231	)		(978	)		(995	)
Amortization		(198	)		(220	)		(230	)		(243	)		(272	)
Bulk sale		—			—			(316	)		(5,411	)		—
Ending servicing portfolio (b)		$26,452			$27,787			$29,787			$31,973			$39,045			(5	)%		(32	)%
Average servicing portfolio (b)		$26,862			$28,418			$30,523			$34,252			$39,543			(5	)%		(32	)%
Average loans serviced (#) (b)		152,083			158,743			170,931			193,795			224,374			(4	)%		(32	)%
Portfolio Product Mix (Average) (a)
GNMA		3	%		3	%		3	%		2	%		2	%
FNMA/FHLMC		36	%		36	%		37	%		40	%		46	%
Private		57	%		57	%		56	%		54	%		49	%
Sub-Total		96	%		96	%		96	%		96	%		97	%
Warehouse		4	%		4	%		4	%		4	%		3	%
Total		100	%		100	%		100	%		100	%		100	%
Other Portfolio Statistics
Weighted average base servicing fee — legacy mortgage banking (c)		34			34			34			34			35
Weighted average base servicing fee — legacy equity lending (HELOCs and ILs)		50			50			50			50			50
Servicing cost per loan (annualized) (d)		$121.47			$124.84			$97.68			$91.06			$76.62
Average mortgage trading securities		$35			$36			$38			$50			$57
Average MSR (millions)		208			192			195			242			275
Servicing book value (bps) (e) (f)		80			72			69			76			75
90+ Delinquency rate, excluding foreclosures (g)		11.57	%		11.46	%		10.93	%		10.49	%		11.99	%
Change in MSR asset / average servicing asset		5	%		(8	)%		43	%		66	%		4	%
Run-off rate (annualized)		15	%		22	%		18	%		13	%		12	%

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

(a) Includes servicing of first liens, second liens, and HELOC.

(b) Includes loans serviced from FHN’s legacy mortgage banking business, legacy equity lending, and FHN’s portfolio loans. Excludes UPB of loans transferred that did not qualify for sales treatment.

(c) Includes weighted average fee of servicing asset and excess interest.

(d) Calculated based on fees charged by subservicer divided by average number of loans serviced during the quarter.

(e) Includes MSR and mortgage trading securities divided by total average servicing portfolio.

(f) For purposes of this calculation, average MSR excludes servicing transferred that did not qualify for sales treatment due to certain recourse provisions.

(g) Excludes delinquency rate of second liens and HELOC.

19

CAPITAL HIGHLIGHTS
Quarterly, Unaudited

																1Q11 Change vs.
(Dollars in thousands, except per share amounts)	1Q11			4Q10			3Q10			2Q10			1Q10			4Q10			1Q10
Tier 1 capital (a) (b)		$2,790,329			$2,812,471			$3,526,115			$3,499,759			$3,484,847			(1	)%		(20	)%
Tier 2 capital (a)		869,991			937,115			940,784			947,841			1,020,984			(7	)%		(15	)%
Total capital (a)		$3,660,320			$3,749,586			$4,466,899			$4,447,600			$4,505,831			(2	)%		(19	)%
Risk weighted assets (a)		$19,666,112			$20,102,775			$20,332,364			$20,837,537			$21,022,369			(2	)%		(6	)%
Tier 1 ratio (a)		14.19	%		13.99	%		17.34	%		16.80	%		16.58	%
Tier 2 ratio (a)		4.42			4.66			4.63			4.54			4.85
Total capital ratio (a)		18.61	%		18.65	%		21.97	%		21.34	%		21.43	%
Tier 1 common ratio (a) (c)		11.67	%		11.53	%		10.43	%		10.07	%		9.93	%
Leverage ratio (a)		11.39	%		10.96	%		13.76	%		13.74	%		13.71	%
Shareholders’ equity/assets ratio (d)		10.80	%		10.84	%		13.03	%		12.52	%		12.62	%
Adjusted tangible common equity/RWA (a) (c) (e)		10.79	%		10.66	%		9.55	%		9.21	%		9.09	%
Tangible common equity/tangible assets (c) (d)		8.91	%		8.93	%		7.96	%		7.63	%		7.67	%
Tangible book value per common share (c) (d) (f)		$8.21			$8.31			$8.45			$8.39			$8.34
Book value per common share (d) (f)		$8.90			$9.05			$9.28			$9.23			$9.18

* Amount is less than one percent

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

(a) Current quarter is an estimate.

(b) 1Q11 and 4Q10 include $200 million of tier 1 qualifying trust preferred securities; prior quarters included $300 million.

(c) Refer to the Non-GAAP to GAAP Reconciliation on page 29 of this financial supplement.

(d) Calculated on period-end balances.

(e) See Glossary of Terms for definition of ratio.

(f) Shares restated for stock dividends distributed through January 1, 2011.

20

ASSET QUALITY: CONSOLIDATED
Quarterly, Unaudited

																1Q11 Change vs.
(Thousands)	1Q11			4Q10			3Q10			2Q10			1Q10			4Q10			1Q10
Allowance for Loan Losses Walk-Forward
Beginning reserve		$664,799			$719,899			$781,269			$844,060			$896,914			(8	)%		(26	)%
Adjustment due to amendments of ASC 810 (a)		—			—			—			—			24,578		NM			NM
Provision		1,000			45,000			50,000			70,000			105,000			(98	)%		(99	)%
Charge-offs		(87,352	)		(110,797	)		(125,801	)		(145,988	)		(193,955	)		21	%		55	%
Recoveries		10,681			10,697			14,431			13,197			11,523			*			(7	)%
Ending balance (Restricted — $39.8 million) (b)		$589,128			$664,799			$719,899			$781,269			$844,060			(11	)%		(30	)%
Reserve for unfunded commitments		14,371			14,253			13,838			16,077			18,737			1	%		(23	)%
Total allowance for loan losses plus reserve for unfunded commitments		$603,499			$679,052			$733,737			$797,346			$862,797			(11	)%		(30	)%
Allowance for Loan Losses
Regional Banking		$310,470			$349,572			$382,246			$411,537			$420,922			(11	)%		(26	)%
Non-Strategic		278,658			315,227			337,653			369,732			423,139			(12	)%		(34	)%
Corporate (c)	NM			NM			N/A			N/A			N/A			NM			NM
Total allowance for loan losses		$589,128			$664,799			$719,899			$781,269			$844,061			(11	)%		(30	)%
Non-Performing Assets
Regional Banking
Nonperforming loans		$317,109			$326,986			$358,176			$321,394			$329,600			(3	)%		(4	)%
Foreclosed real estate		33,134			30,138			38,771			28,412			27,935			10	%		19	%
Total Regional Banking		$350,243			$357,124			$396,947			$349,806			$357,535			(2	)%		(2	)%
Non-Strategic
Nonperforming loans — including held for sale (d)		$406,305			$398,422			$437,595			$469,136			$598,607			2	%		(32	)%
Foreclosed real estate		61,281			80,398			84,700			80,860			85,072			(24	)%		(28	)%
Total Non-Strategic		$467,586			$478,820			$522,295			$549,996			$683,679			(2	)%		(32	)%
Corporate
Nonperforming loans		$1,140			$558			N/A			N/A			N/A		NM			NM
Total nonperforming assets		$818,969			$836,502			$919,242			$899,802			$1,041,214			(2	)%		(21	)%
Net Charge-Offs
Regional Banking		$26,703			$34,683			$39,595			$37,359			$59,032			(23	)%		(55	)%
Non-Strategic		49,968			65,417			71,775			95,432			123,400			(24	)%		(60	)%
Total net charge-offs		$76,671			$100,100			$111,370			$132,791			$182,432			(23	)%		(58	)%
Consolidated Key Ratios (e)
NPL %		3.99	%		3.85	%		4.31	%		4.31	%		5.02	%
NPA %		4.55			4.48			5.00			4.92			5.63
Net charge-offs %		1.90			2.38			2.63			3.10			4.13
Allowance / loans		3.69			3.96			4.22			4.55			4.83
Allowance / NPL		0.92x			1.03x			0.98x			1.06x			0.96x
Allowance / NPA		0.81x			0.88x			0.84x			0.92x			0.85x
Allowance / charge-offs		1.92x			1.66x			1.62x			1.47x			1.16x
Other
Loans past due 90 days or more (f)		$125,989			$128,653			$155,532			$144,840			$167,191			(2	)%		(25	)%
Guaranteed portion (f)		37,858			39,883			38,397			35,809			46,957			(5	)%		(19	)%
Foreclosed real estate from government insured loans		15,711			14,865			15,888			13,276			9,054			6	%		74	%
Period-end loans, net of unearned income (millions)		15,972			16,783			17,059			17,154			17,484			(5	)%		(9	)%
Remaining unfunded commitments (millions)		8,285			7,905			8,071			8,148			8,575			5	%		(3	)%

N/A — Not applicable

NM — Not meaningful

* Amount is less than one percent.

(a) See Glossary of Terms for definition of ASC 810 adjustment.

(b) Restricted balances parenthetically presented are as of March 31, 2011. See Glossary of Terms for definition of restricted balances.

(c) The valuation adjustment taken at the time of repurchase continues to reflect probable incurred losses.

(d) 1Q11 includes $87.4 million of loans held for sale.

(e) See Glossary of Terms for definitions of Consolidated Key Ratios.

(f) Includes loans held for sale.

21

ASSET QUALITY: CONSOLIDATED
Quarterly, Unaudited

																1Q11 Change vs.
	1Q11			4Q10			3Q10			2Q10			1Q10			4Q10			1Q10
Key Portfolio Details
C&I
Period-end loans ($ millions)		$6,808			$7,338			$7,337			$7,004			$6,856			(7	)%		(1	)%
30+ Delinq. % (a)		0.46	%		0.36	%		0.68	%		1.02	%		1.02	%
NPL %		3.13			2.92			3.34			2.93			2.86
Charge-offs % (qtr. annualized)		0.59			0.79			1.34			1.16			1.67
Allowance / loans %		3.24	%		3.26	%		3.54	%		3.96	%		4.28	%
Allowance / charge-offs		5.46	x		4.17	x		2.76	x		3.54	x		2.60	x
Income CRE
Period-end loans ($ millions)		$1,398			$1,407			$1,519			$1,610			$1,674			*			(17	)%
30+ Delinq. % (a)		1.12	%		1.20	%		2.04	%		1.31	%		3.11	%
NPL %		10.07			10.06			10.13			9.78			10.81
Charge-offs % (qtr. annualized)		2.23			3.66			1.96			3.04			4.37
Allowance / loans %		7.05	%		8.87	%		9.46	%		9.00	%		8.62	%
Allowance / charge-offs		3.11	x		2.31	x		4.68	x		2.93	x		1.94	x
Residential CRE
Period-end loans ($ millions)		$221			$264			$324			$397			$528			(16	)%		(58	)%
30+ Delinq. % (a)		5.08	%		3.19	%		0.93	%		2.49	%		3.89	%
NPL %		42.19			42.04			46.45			44.52			49.38
Charge-offs % (qtr. annualized)		4.89			6.60			5.07			17.97			21.19
Allowance / loans %		11.30	%		11.51	%		11.99	%		13.47	%		9.69	%
Allowance / charge-offs		2.05	x		1.50	x		2.12	x		0.63	x		0.41	x
Consumer Real Estate
Period-end loans ($ millions)		$5,487			$5,618			$5,788			$5,936			$6,084			(2	)%		(10	)%
30+ Delinq. % (a)		1.73	%		2.30	%		2.33	%		2.19	%		2.21	%
NPL %		0.69			0.58			0.46			0.35			0.30
Charge-offs % (qtr. annualized)		2.47			2.97			3.11			2.69			2.91
Allowance / loans %		2.60	%		2.67	%		2.64	%		2.74	%		2.87	%
Allowance / charge-offs		1.04	x		0.89	x		0.84	x		1.01	x		0.97	x
Permanent Mortgage
Period-end loans ($ millions)		$1,038			$1,087			$969			$1,019			$1,068			(5	)%		(3	)%
30+ Delinq. % (a)		5.47	%		5.16	%		5.43	%		4.95	%		6.29	%
NPL %		12.64			11.27			12.76			12.17			11.09
Charge-offs % (qtr. annualized)		3.31			3.61			5.65			5.84			10.44
Allowance / loans %		5.04	%		5.49	%		6.08	%		6.89	%		7.86	%
Allowance / charge-offs		1.49	x		1.68	x		1.06	x		1.16	x		0.75	x
Credit Card and Other (b)
Period-end loans ($ millions)		$298			$312			$326			$355			$403			(4	)%		(26	)%
30+ Delinq. % (a)		1.34	%		1.43	%		1.90	%		1.32	%		2.12	%
NPL %		5.12			6.18			9.31			15.05			24.91
Charge-offs % (qtr. annualized)		4.37			6.05			4.81			11.54			17.52
Allowance / loans %		3.36	%		4.13	%		5.49	%		6.42	%		9.21	%
Allowance / charge-offs		0.76	x		0.67	x		1.10	x		0.53	x		0.45	x
Restricted Real Estate Loans (c)
Period-end loans ($ millions) (d)		$722			$757			$797			$834			$870			(5	)%		(17	)%
30+ Delinq. % (a)		2.94	%		3.44	%		3.73	%		3.52	%		3.72	%
NPL %		0.75			0.82			0.67			0.23			0.19
Charge-offs % (qtr. annualized)		5.01			5.76			5.80			6.23			4.78
Allowance / loans %		5.52	%		6.26	%		6.01	%		6.01	%		6.87	%
Allowance / charge-offs		1.07	x		1.06	x		1.01	x		0.94	x		1.40	x

* Amount is less than one percent

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

(b) Select remaining OTC amounts: PE loans: $15.1 million; NPL: 100%; Allowance: $2.6 million; 1Q11 Net Charge-offs: $1.2 million.

(c) Prior to 1Q10, certain amounts were included in Consumer Real Estate.

(d) 1Q11 includes $672.4 million of consumer real estate loans and $49.9 million of permanent mortgage loans.

22

ROLLFORWARDS OF NONPERFORMING LOANS AND ORE INVENTORY
Unaudited

(Millions)	1Q11			4Q10			3Q10			2Q10			1Q10
NPL Rollforward (a)
Beginning NPLs		$486			$580			$593			$739			$784
+ Additions		46			54			98			96			182
+ Principal Increase		4			3			7			19			13
- Resolutions and payments		(47	)		(97	)		(46	)		(161	)		(113	)
- Net Charge-Offs		(22	)		(34	)		(37	)		(60	)		(95	)
- Transfer to OREO		(3	)		(14	)		(35	)		(39	)		(32	)
- Upgrade to Accrual		(2	)		(6	)		—			(1	)		—
Ending NPLs		$462			$486			$580			$593			$739

(a) Includes Commercial and One-Time Close Portfolios only.

(Millions)	1Q11			4Q10			3Q10			2Q10			1Q10
ORE Inventory Rollforward (b)
Beginning balance		$110.5			$123.4			$109.3			$113.0			$113.7
Valuation adjustments		(5.0	)		(4.2	)		(4.6	)		(3.4	)		(5.9	)
Adjusted balance		$105.5			$119.2			$104.7			$109.6			$107.8
+ New OREO		16.1			29.4			50.6			53.4			47.1
+ Capitalized expenses		0.6			1.0			0.7			0.9			1.6
Disposals:
- Single transactions		(27.4	)		(39.0	)		(31.1	)		(52.6	)		(43.5	)
- Bulk sales		—			(0.1	)		(1.5	)		(2.0	)		—
- Auctions		(0.4	)		—			—			—			—
Ending balance		$94.4			$110.5			$123.4			$109.3			$113.0

(b) OREO excludes foreclosed assets related to government insured mortgages.

23

ASSET QUALITY: REGIONAL BANKING
Quarterly, Unaudited

																1Q11 Change vs.
	1Q11			4Q10			3Q10			2Q10			1Q10			4Q10			1Q10
Total Regional Banking
Period-end loans ($ millions)		$10,486			$11,040			$11,147			$10,902			$10,776			(5	)%		(3	)%
30+ Delinq. % (a)		0.84	%		0.85	%		1.03	%		1.17	%		1.31	%
NPL %		3.02			2.96			3.21			2.95			3.06
Charge-offs % (qtr. annualized)		1.02			1.26			1.46			1.40			2.19
Allowance / loans %		2.96	%		3.17	%		3.43	%		3.78	%		3.91	%
Allowance / charge-offs		2.91	x		2.52	x		2.41	x		2.75	x		1.78	x

Key Portfolio Details C&I
Period-end loans ($ millions)	$6,227		$6,750		$6,745		$6,406		$6,218		(8	)%	*
30+ Delinq. % (a)	0.48	%	0.40	%	0.55	%	1.11	%	1.13	%
NPL %	2.39		2.36		2.70		2.10		2.17
Charge-offs % (qtr. annualized)	0.65		0.84		1.47		1.26		1.82
Allowance / loans %	2.77	%	2.80	%	3.07	%	3.57	%	3.91	%
Allowance / charge-offs	4.27	x	3.40	x	2.20	x	2.95	x	2.17	x

Income CRE
Period-end loans ($ millions)	$1,278		$1,271		$1,358		$1,434		$1,454		1	%	(12	)%
30+ Delinq. % (a)	1.23	%	1.06	%	2.00	%	1.14	%	1.96	%
NPL %	8.04		7.62		7.30		7.33		6.90
Charge-offs % (qtr. annualized)	1.91		2.30		1.63		1.64		2.57
Allowance / loans %	6.93	%	8.53	%	8.76	%	8.26	%	7.97	%
Allowance / charge-offs	3.59	x	3.56	x	5.20	x	5.04	x	3.09	x

Residential CRE
Period-end loans ($ millions)	$142		$169		$193		$220		$259		(16	)%	(45	)%
30+ Delinq. % (a)	7.35	%	4.98	%	1.48	%	1.47	%	2.64	%
NPL %	36.09		34.98		37.02		35.49		35.04
Charge-offs % (qtr. annualized)	5.53		9.18		5.50		9.92		20.80
Allowance / loans %	13.51	%	13.15	%	13.47	%	15.40	%	10.78	%
Allowance / charge-offs	2.19	x	1.29	x	2.27	x	1.41	x	0.48	x

Consumer Real Estate
Period-end loans ($ millions)	$2,554		$2,555		$2,553		$2,537		$2,542		*	*
30+ Delinq. % (a)	1.07	%	1.58	%	1.61	%	1.28	%	1.23	%
NPL %	0.54		0.46		0.21		0.13		0.13
Charge-offs % (qtr. annualized)	1.03		0.91		0.77		0.54		0.67
Allowance / loans %	0.91	%	0.87	%	0.82	%	0.83	%	0.94	%
Allowance / charge-offs	0.88x		0.96	x	1.08	x	1.54	x	1.39	x

Credit Card, Permanent Mortgage, and Other
Period-end loans ($ millions)	$285		$295		$299		$305		$302		(3	)%	(6	)%
30+ Delinq. % (a)	1.57	%	1.65	%	1.97	%	1.48	%	1.60	%
NPL %	0.12		0.05		0.06		0.09		0.13
Charge-offs % (qtr. annualized)	2.31		4.16		3.42		3.56		3.53
Allowance / loans %	2.51	%	2.67	%	3.15	%	3.14	%	3.47	%
Allowance / charge-offs	1.08	x	0.64	x	0.91	x	0.88	x	0.96	x

ASSET QUALITY: CORPORATE

Permanent Mortgage

Period-end loans ($ millions)

$151

$168

N/A

N/A

N/A

(10

)%

NM

30+ Delinq. % (a)

1.98

%

2.46

%

N/A

N/A

N/A

NPL %

0.76

0.33

N/A

N/A

N/A

Charge-offs % (qtr. annualized)

NM

NM

N/A

N/A

N/A

Allowance / loans %

NM

NM

N/A

N/A

N/A

Allowance / charge-offs

NM

NM

N/A

N/A

N/A

* Amount is less than one percent

NM – Not meaningful

N/A – Not applicable

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

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

24

ASSET QUALITY: NON-STRATEGIC
Quarterly, Unaudited

																	1Q11 Change vs.
	1Q11			4Q10				3Q10			2Q10			1Q10			4Q10			1Q10
Total Non-Strategic Lending
Period-end loans ($ millions)		$5,336			$5,575				$5,913			$6,252			$6,708			(4	)%		(20	)%
30+ Delinq. % (a)		2.69	%		3.05	%			3.27	%		3.03	%		3.64	%
NPL %		5.98			5.73				6.38			6.69			8.16
Charge-offs % (qtr. annualized)		3.65			4.54				4.71			5.91			7.15
Allowance / loans %		5.22	%		5.65	%			5.71	%		5.91	%		6.31	%
Allowance / charge-offs		1.39	x		1.20		x		1.18	x		0.97	x		0.86	x
Key Portfolio Details C&I (b)
Period-end loans ($ millions)		$582			$588				$592			$598			$638			(1	)%		(9	)%
30+ Delinq. % (a)		0.17	%		—	%			2.14	%		0.08	%		0.03	%
NPL %		11.11			9.33				10.63			11.77			9.66
Charge-offs % (qtr. annualized)		0.01			0.30				—			0.15			0.08
Allowance / loans %		8.31	%		8.62	%			8.91	%		8.09	%		7.92	%
Allowance / charge-offs	NM				28.34	x		NM				53.49	x		106.43	x
Income CRE
Period-end loans ($ millions)		$120			$136				$161			$176			$220			(12	)%		(45	)%
30+ Delinq. % (a)		—	%		2.55	%			2.31	%		2.66	%		10.76	%
NPL %		31.62			32.84				33.97			29.72			36.67
Charge-offs % (qtr. annualized)		5.36			15.73				4.61			13.16			15.38
Allowance / loans %		8.29	%		11.96	%			15.31	%		15.01	%		12.96	%
Allowance / charge-offs		1.42	x		0.69	x			3.16	x		1.02	x		0.77	x
Residential CRE
Period-end loans ($ millions)		$79			$95				$131			$177			$269			(17	)%		(71	)%
30+ Delinq. % (a)		0.98	%		—	%			0.13	%		3.74	%		5.09	%
NPL %		53.26			54.60				60.36			55.73			63.23
Charge-offs % (qtr. annualized)		3.76			2.53				4.47			26.50			21.54
Allowance / loans %		7.28	%		8.59	%			9.80	%		11.07	%		8.63	%
Allowance / charge-offs		1.67	x		2.71	x			1.87	x		0.32	x		0.35	x
Consumer Real Estate
Period-end loans ($ millions)		$2,933			$3,062				$3,235			$3,398			$3,542			(4	)%		(17	)%
30+ Delinq. % (a)		2.30	%		2.90	%			2.91	%		2.87	%		2.91	%
NPL %		0.82			0.68				0.65			0.52			0.42
Charge-offs % (qtr. annualized)		3.68			4.64				4.89			4.26			4.50
Allowance / loans %		4.08	%		4.18	%			4.08	%		4.17	%		4.25	%
Allowance / charge-offs		1.08	x		0.88	x			0.81	x		0.96	x		0.92	x
Permanent Mortgage
Period-end loans ($ millions)		$864			$894				$944			$993			$1,040			(3	)%		(17	)%
30+ Delinq. % (a)		6.09	%		5.66	%			5.50	%		4.98	%		6.33	%
NPL %		15.04			13.62				13.08			12.46			11.34
Charge-offs % (qtr. annualized)		4.00			3.85				5.84			6.00			10.71
Allowance / loans %		5.99	%		6.62	%			6.21	%		7.01	%		8.00	%
Allowance / charge-offs		1.48	x		1.67	x			1.04	x		1.15	x		0.74	x
Other Consumer (c)
Period-end loans ($ millions)		$36			$41				$52			$76			$129			(13	)%		(72	)%
30+ Delinq. % (a)		1.92	%		2.19	%			2.02	%		1.50	%		3.90	%
NPL %		42.03			46.75				58.04			70.47			78.20
Charge-offs % (qtr. annualized)		17.76			15.12				8.88			33.48			37.55
Allowance / loans %		9.53	%		13.13	%			16.92	%		18.24	%		21.26	%
Allowance / charge-offs		0.53	x		0.79	x			1.58	x		0.43	x		0.38	x
Restricted Real Estate Loans
Period-end loans ($ millions) (d)		$722			$757				$797			$834			$870			(5	)%		(17	)%
30+ Delinq. % (a)		2.94	%		3.44	%			3.73	%		3.52	%		3.72	%
NPL %		0.75			0.82				0.67			0.23			0.19
Charge-offs % (qtr. annualized)		5.01			5.76				5.80			6.23			4.78
Allowance / loans %		5.52	%		6.26	%			6.01	%		6.01	%		6.87	%
Allowance / charge-offs		1.07	x		1.06	x			1.01	x		0.94	x		1.40	x

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

(b) Includes trust preferred loan portfolio and other exited businesses.

(c) Select remaining OTC amounts: PE loans: $15.1 million; NPL: 100%; Allowance: $2.6 million; 1Q11 Net Charge-offs: $1.2 million.

(d) 1Q11 includes $672.4 million of consumer real estate loans and $49.9 million of permanent mortgage loans.

25

ASSET QUALITY: PORTFOLIO METRICS
Unaudited

C&I Portfolio: $6.8 Billion (42.6% of Total Loans)

	% OS
General Corporate, Commercial, and Business Banking Loans	84.8%
Mortgage Warehouse Line Balances	5.6%
Trust Preferred Loans	6.3%
Bank Holding Company Lending	3.3%

Income CRE Portfolio: $1.4 Billion (8.8% of Total Loans)

Top 10 States as of March 31, 2011	% NPL	% OS
Tennessee	6.5%	50.9%
North Carolina	13.7%	8.3%
Georgia	2.1%	6.9%
Florida	34.1%	5.6%
Mississippi	12.1%	4.0%
Texas	24.3%	4.0%
South Carolina	2.2%	3.7%
California	22.4%	3.1%
West Virginia	—%	3.0%
Indiana	—%	2.0%

Consumer Real Estate (primarily Home Equity) Portfolio: $6.2 Billion (38.6% of Total Loans) (a)

Origination LTV and FICO for Portfolio as of March 31, 2011	Loan-to-Value
(excludes whole loan insurance)	<=80%	80% - 90%	>90%
FICO score greater than or equal to740	32.0%	15.0%	5.9%
FICO score720-739	6.7%	4.4%	2.0%
FICO score700-719	6.7%	4.1%	2.1%
FICO score660-699	7.5%	3.9%	3.2%
FICO score620-659	2.3%	1.3%	1.2%
FICO score less than620	0.8%	0.3%	0.6%

Consumer Real Estate Portfolio Detail:

		Origination Characteristics					NCO’s %
Vintage	Balance %	CLTV	FICO	% Broker (b)	% TN	% 1st lien	QTD
pre-2003	5%	76%	718	15%	47%	34%	1.24%
2003	8%	75%	730	16%	33%	41%	1.02%
2004	13%	79%	726	28%	23%	27%	2.43%
2005	19%	80%	731	19%	18%	16%	5.30%
2006	16%	77%	735	6%	24%	18%	3.79%
2007	18%	79%	739	15%	27%	19%	3.72%
2008	8%	75%	749	8%	73%	53%	2.10%
2009	5%	72%	754	—%	87%	60%	0.24%
2010	7%	79%	752	—%	92%	73%	0.11%
2011	2%	82%	754	—%	92%	82%	—%
Total	100%	78%	736 (c)	13%	38%	32%	2.78%

(a)	Consumer Real Estate portfolio includes $672.4 of restricted real estate loans.
(b)	Correspondent and Wholesale.
(c)	736 average portfolio origination FICO; 727 weighted average portfolio FICO (refreshed).

Permanent Mortgage Portfolio: $1.1 Billion (6.8% of Total Loans) (a) (b) (c)

Top 10 States as of March 31, 2011	Del. %	% OS
California	15.1%	23.5%
Texas	17.9%	9.8%
Washington	14.7%	7.5%
Virginia	7.5%	5.5%
Arizona	32.5%	4.8%
Oregon	34.4%	4.0%
Florida	44.2%	4.0%
Maryland	10.2%	3.8%
Utah	28.1%	3.6%
Tennessee	6.8%	3.1%

(a)	Permanent Mortgage portfolio includes $49.9 of restricted real estate loans.
(b)	Documentation type: 64% full doc; 32% stated; 4% other.
(c)	Product type: 66% jumbo; 19% Alt A; 15% other.

26

ASSET QUALITY: PROCESS HIGHLIGHTS

Product Current Process

Commercial Loans (Real Estate / C&I)

Risk Grading

Reserves are established using historical loss factors by grade level. Relationship managers risk rate each loan using grades that reflect both the probability of default and estimated loss in the event of default. Loans with emerging weaknesses receive increased oversight through our Watch List process.

Watch List Process

For new Watch List loans, senior credit management reviews risk grade appropriateness and action plans. After initial identification, relationship managers prepare regular updates for review and discussion by more senior business line and credit officers. This oversight is intended to bring consistent grading and allow timely identification of loans that need to be further downgraded or placed on non-accrual status.

Classified and Non-Accruals

When a loan becomes classified, the asset generally transfers to the specialists in our Loan Rehab and Recovery group where the accounts receive more active management and detailed monitoring; at this time, new appraisals are typically ordered for real estate collateral dependent credits. Loans are placed on non-accrual status if it becomes evident that full collection of principal and interest is at risk, or if loans become 90 days or more past due.

Impairment Assessment

Generally, classified non-accrual loans over $1 million are deemed to be impaired in accordance with GAAP and are assessed for impairment measurement. For impaired assets viewed as collateral dependent, fair value estimates are obtained from a recently received and reviewed appraisal. Appraised values are adjusted down for costs associated with asset disposal and for our estimate of any further deterioration in values since the most recent appraisal. Upon the determination of impairment, we charge off the full difference between book value and our best estimate of the asset’s net realizable value. For assets evaluated using a discounted cash flow methodology, loans are discounted using the applicable note rate, and typically reserves are maintained.

Home Equity Loans and Lines

For home equity loans and lines, reserve levels are established through the use of segmented roll rate models. Loans are classified substandard at 90 days delinquent. Our collateral position is assessed prior to the asset becoming 180 days delinquent. If the value does not support foreclosure, balances are charged off and other avenues of recovery are pursued. If the value supports foreclosure, the loan is charged down to net realizable value and is placed on non-accrual status. When collateral is taken to OREO, the asset is assessed for further write-down to a percentage of appraised value.

27

GLOSSARY OF TERMS

Adjusted Tangible Equity/RWA:Shareholders’ equity excluding intangible assets and unrealized gains/losses on available for sale securities and cash flow hedges divided by risk weighted assets.

ASC 810 Adjustment:Adjustment to reflect the initial application of Accounting Standards Update No. 2009-17, which includes the initial effects of consolidating previously off-balance sheet securitization trusts. The net impact of initial adoption was offset through a cumulative effect adjustment to undivided profits.

Core Business Segments:Management treats regional banking, capital markets, and corporate as FHN’s core businesses. Non-strategic has significant legacy assets and operations that are being wound down.

Individually Impaired Loans:Commercial loans over $1 million that are not expected to pay all contractually due principal and interest and consumer loans that have experienced a troubled debt restructuring and are individually evaluated for impairment. The estimated loss on these loans is determined using a discounted cash flow (“DCF”) methodology or the estimated fair value of the underlying collateral less costs to sell, if the loan is considered collateral dependent. In accordance with accounting requirements, DCF loans are discounted using the applicable note rate, and typically reserves are maintained for DCF loans. Collateral dependent loans are generally charged off to the estimate of collateral value less cost to sell leaving no associated reserve.

Lower of Cost or Market (LOCOM):A method of accounting for certain assets by recording them at the lower of their historical cost or their current market value.

Reg E Opt-In:The 2010 requirement by Federal Reserve Board Regulation E that consumer customers of banks must elect, or opt-in, to continue to be eligible for fee-based overdraft protection services regarding debit card and ATM transactions. Consumer customers who do not opt-in cannot be charged fees for such services and will not receive such services.

Restricted Balances:Assets of a consolidated variable interest entity that can be used only to settle obligations of the consolidated variable interest entity and liabilities of a consolidated variable interest entity for which creditors (or beneficial interest holders) do not have recourse to the general credit of the primary beneficiary.

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.

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 to loans excluding insured loans:Ratio is allowance for loan losses to total period end loans excluding insured 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.

28

NON-GAAP to GAAP RECONCILIATION
Quarterly, Unaudited

(Thousands)	1Q11			4Q10			3Q10			2Q10			1Q10
Tangible Common Equity (Non-GAAP)
(A) Total equity (GAAP)		$2,640,057			$2,678,005			$3,306,888			$3,287,233			$3,270,942
Less: Preferred stock capital surplus — CPP		—			—			810,974			806,856			802,760
Less: Noncontrolling interest (a)		295,165			295,165			295,165			295,165			295,165
(B) Total common equity		2,344,892			2,382,840			2,200,749			2,185,212			2,173,017
Less: Intangible assets (GAAP) (b)		183,625			195,061			196,443			197,825			199,207
(C) Tangible common equity (Non-GAAP)		2,161,267			2,187,779			2,004,306			1,987,387			1,973,810
Less: Unrealized gains on AFS securities, net of tax		39,338			45,366			61,836			68,189			63,271
(D) Adjusted tangible common equity (Non-GAAP) (c)		$2,121,929			$2,142,413			$1,942,470			$1,919,198			$1,910,539
Tangible Assets (Non-GAAP)
(E) Total assets (GAAP)		$24,438,344			$24,698,952			$25,384,181			$26,254,226			$25,923,576
Less: Intangible assets (GAAP) (b)		183,625			195,061			196,443			197,825			199,207
(F) Tangible assets (Non-GAAP)		$24,254,719			$24,503,891			$25,187,738			$26,056,401			$25,724,369
Period-end Shares Outstanding
(G) Period-end shares outstanding		263,335			263,366			237,061			236,840			236,585
Tier 1 Common (Non-GAAP)
(H) Tier 1 capital (d) (e)		$2,790,329			$2,812,471			$3,526,115			$3,499,759			$3,484,847
Less: Preferred stock capital surplus — CPP		—			—			810,974			806,856			802,760
Less: Noncontrolling interest — FTBNA preferred stock (a) (f)		294,816			294,816			294,816			294,816			294,816
Less: Trust preferred (g)		200,000			200,000			300,000			300,000			300,000
(I) Tier 1 common (Non-GAAP)		$2,295,513			$2,317,655			$2,120,325			$2,098,087			$2,087,271
Risk Weighted Assets
(J) Risk weighted assets (d) (e)		$19,666,112			$20,102,775			$20,332,364			$20,837,537			$21,022,369
Ratios
(C)/(F) Tangible common equity to tangible assets (TCE/TA) (Non-GAAP)		8.91	%		8.93	%		7.96	%		7.63	%		7.67	%
(A)/(E) Total equity to total assets (GAAP)		10.80	%		10.84	%		13.03	%		12.52	%		12.62	%
(C)/(G) Tangible book value per common share (Non-GAAP)		$8.21			$8.31			$8.45			$8.39			$8.34
(B)/(G) Book value per common share (GAAP)		$8.90			$9.05			$9.28			$9.23			$9.18
(I)/(J) Tier 1 common ratio (Non-GAAP)		11.67	%		11.53	%		10.43	%		10.07	%		9.93	%
(H)/(E) Tier 1 capital to total assets (GAAP)		11.42	%		11.39	%		13.89	%		13.33	%		13.44	%
(D)/(J) Adjusted tangible common equity to risk weighted assets (TCE/RWA) (Non-GAAP) (c)		10.79	%		10.66	%		9.55	%		9.21	%		9.09	%
Net interest income adjusted for impact of FTE (Non-GAAP)
Regional Banking
Net interest income (GAAP)		$135,524			$145,280			$143,042			$138,179			$133,857
Fully taxable equivalent (“FTE”) adjustment		1,243			924			664			425			321
Net interest income adjusted for impact of FTE (Non-GAAP)		$136,767			$146,204			$143,706			$138,604			$134,178
Capital Markets
Net interest income (GAAP)		$5,574			$5,877			$8,584			$4,824			$2,364
Fully taxable equivalent (“FTE”) adjustment		72			71			66			66			79
Net interest income adjusted for impact of FTE (Non-GAAP)		$5,646			$5,948			$8,650			$4,890			$2,443
Corporate
Net interest income/(expense) (GAAP)		$(297	)		$(2,064	)		$(2,845	)		$1,113			$5,557
Fully taxable equivalent (“FTE”) adjustment		71			53			59			35			36
Net interest income adjusted for impact of FTE (Non-GAAP)		$(226	)		$(2,011	)		(2,786	)		$1,148			$5,593
Non-Strategic
Net interest income (GAAP)		$31,954			$33,143			$37,362			$37,948			$38,617
Fully taxable equivalent (“FTE”) adjustment		—			—			—			—			—
Net interest income adjusted for impact of FTE (Non-GAAP)		$31,954			$33,143			$37,362			$37,948			$38,617
Total Consolidated
Net interest income (GAAP)		$172,755			$182,236			$186,143			$182,064			$180,395
Fully taxable equivalent (“FTE”) adjustment		1,386			1,048			789			526			436
Net interest income adjusted for impact of FTE (Non-GAAP)		$174,141			$183,284			$186,932			$182,590			$180,831

(a)	Included in total equity on the consolidated balance sheet.
(b)	Includes goodwill and other intangible assets, net of amortization.
(c)	See Glossary of Terms for definition of ratio.
(d)	Current quarter is an estimate.
(e)	Defined by and calculated in conformity with bank regulations.
(f)	Represents FTBNA preferred stock included in noncontrolling interest.
(g)	Included in term borrowings on the consolidated balance sheet.

29

1 First Horizon National Corporation First Quarter 2011 Earnings April 21, 2011

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 information. 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. First Horizon disclaims any obligation to update any of the forward-looking statements that are made from time to time to reflect future events or developments.

3 Strategic Progress in 1Q11 Solid Regional Banking Franchise Strong Capital Markets Business Strengthened Balance Sheet Strong Capital Position1 Ability to Execute Proactive on Asset Quality Refocusing on Core Businesses All data is 1Q11 compared to 4Q10 unless otherwise noted. 1Tier 1, Tier 1 Common, TCE+Reserves/Risk Weighted Assets: current quarter is estimate; Tier 1 Common, TCE, & TA, TCE+Reserves/Risk Weighted Assets are non-GAAP numbers, and a reconciliation is provided in the appendix. 2Average commercial loans in regional bank, excluding loans to mortgage companies, totaled $7.3B in 1Q11 and $7.2B in 4Q10. Pre-tax income of $64mm, up 4% Regional Banking average core deposits flat Growth in average Regional Banking commercial loans of 1%, excluding decline in loans to mortgage companies2 Regional Banking average loans down 4% Fixed income average daily revenue of $1.3mm Consolidated average core deposits down 1%; decline driven by our exit from the TAG program Non-Strategic average loans decreased 5% or $286mm Consolidated NIM up 4bps Average assets at $24.6B Tier 1 ratio at 14.2% Tier 1 Common at 11.7% TCE + Reserves at 14.0% TCE/TA at 8.9% Provision expense decreased to $1mm NCOs dropped 23% NPAs down 2% Consolidated expenses down 4% Mortgage repurchase provision down 16% Identified over $100mm in efficiencies and executed $50mm Focused on Productivity and Efficiency

4 Financial Results

5 First Quarter 2011 Financial Highlights Significant Items ($ Millions) Pre-Tax 4Q10 Impact 1Q11 1Q11 Comments Restructuring, Repositioning, and Efficiency Initiatives $(5.4) $(13.6) Includes $2.3mm of employee compensation expense associated with severance and $10.1mm goodwill write down related to First Horizon Insurance in discontinued operations; $11.1mm tax benefits resulting from contracted sale of FHI Redemption of $100mm TRUPs NA $5.8 Gain resulting from redemption of FHN's subordinated debentures (TRUPs - 8.07%) Reduction of Visa Contingent Liability $8.0 $3.3 Reversal of a portion of the contingent liability for certain Visa legal matters Net income available to common shareholders of $40mm, diluted EPS of $0.15 Net income from continuing operations of $42mm Core Businesses1 pre-tax income of $78mm Consolidated pre-tax income of $54mm Loan loss provision of $1mm, decreased for eighth consecutive quarter Net charge-offs down for seventh consecutive quarter NPAs down 2% linked quarter Loan loss reserve decrease of $76mm linked quarter Mortgage repurchase provision expense decreased to $37mm, declined for third consecutive quarter Pipeline declined modestly from $534mm to $529mm linked quarter Reserve flat to 4Q10 at $183mm Rescission and severity rates remain steady Capital ratios remain strong after TARP repayment and successful common equity offering Tier 1 Common at 11.7% and TCE/TA to 8.9%2 1Core businesses include Regional Banking, Capital Markets, and Corporate segment. 2Tier 1 Common: current quarter is estimate; Tier 1 Common, TCE, & TA are non-GAAP numbers, and a reconciliation is provided in the appendix.

6 Consolidated Financial Results Earnings per share of $0.15 after discontinued operations Net income available to common of $40mm Provision at $1mm Net charge-offs of $77mm, down 23% linked quarter and down 58% from 1Q10 $76mm reserve decrease Eighth consecutive quarter of lower provision expense and seventh of reserve decrease Noninterest income at $198mm in 1Q11 Total revenues, excluding securities gains, of $369mm, down 1% linked quarter Consolidated noninterest income, excluding securities gains, of $197mm, up 3% linked quarter Revenues in Regional Bank down 7% from 4Q10 Primarily due to NII decline from shorter day count and earning assets decline Capital Markets' fixed income average daily revenues of $1.3mm in 1Q11, down from 4Q10's $1.4mm Net hedging results at $12.5mm Consolidated expenses at $315mm in 1Q11, down 4% linked quarter and 7% year over year Core business expenses declined 2% since 4Q10 Non-Strategic expenses decreased 13% linked quarter $37mm of mortgage repurchase reserve expense vs. $44mm in 4Q10 Numbers may not add to total due to rounding.

7 Regional Banking Capital Markets Corporate Non-Strategic First Quarter 2011 Segment Highlights 1Q11 Drivers / Impacts Repurchase provision of $37mm in 1Q11 vs. $44mm in 4Q10 $203 $(151) 1Q11 Revenue 1Q11 Expense $96 $(74) $13 $(21) $59 $(70) Core Business (subtotal) Total $311 $(245) $370 $(315) 4Q10 Pre-Tax Earnings ($mm) 1Q11 Average fixed income daily revenue of $1.3mm in 1Q11 vs. $1.4mm in 4Q10 Net hedging results of $12.5mm in 1Q11 vs. $7.0mm 4Q10 Provision credit in 1Q11 of $12.4mm vs. provision expense of $2.0mm in 4Q10 Numbers may not add to total due to rounding. Pre-tax earnings, Revenue, and Expense are in millions. Revenue includes securities gain / losses. Linked Quarter Change $mm / Percent $(14) / (7)% $(5) / (5)% $(12) / (48)% $12 / 27% $(31) / (9)% $(18) / (5)% $(2) / (1)% $(3) / (4)% $2 / 9% $(4) / (2)% $(11) / (13)% $(15) / (4)% 1Q11 included $5.8mm gain from subordinated debt redemption; 4Q10 included $14.8mm gain from sale of Visa shares 1Q11 included $3.3mm benefit related to Visa litigation vs. $8.0mm in 4Q10 Expenses declined from lower variable compensation $64 $22 $(8) $78 $(24) $54 1Q10 NII down 7% from 4Q10 due to lower loan volume and shorter day count

8 Strong Balance Sheet and Net Interest Margin Trends Average total assets at $24.6B in 1Q11 Period end Non-Strategic loans decreased $239mm or 4% from 4Q10 Consolidated average core deposits down 1% linked quarter, up 3% year over year Reflects run-off of higher-cost deposits associated with exit from TAG program Consolidated NIM up 4bps linked quarter to 3.22% Core businesses NIM1 at 3.58%, up 2bps linked quarter 1Q10 2Q10 3Q10 4Q10 1Q11 Loss of Yield and Int Reversals 14 12 10 8 9 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 Loans/Core Deposits 1.49 1.4 1.38 1.22 1.14 1.12 1.13 1.09 1.03 Adverse Impact of Non-Accruals Net Interest Margin by Segment1 Consolidated Loans / Core Deposits Numbers/percentages may not add due to rounding 1Core businesses NIM is a non-GAAP number relating to the three core business segments: Regional Banking, Capital Markets, and Corporate. Net interest margin is computed using total net interest income adjusted for FTE. Refer to the non-GAAP to GAAP reconciliations in the appendix. 2Spread is loan yield minus deposit cost. 1Q10 2Q10 3Q10 4Q10 1Q11 Loan Yield 0.0397 0.0407 0.0415 0.0416 0.0412 Deposit Cost 0.0085 0.008 0.0074 0.007 0.0067 Spread2 (right axis) 312 327 341 346 345 15bps Yields and Rates

1Q10 2Q10 3Q10 4Q10 1Q11 Regional Banking 157 154 156 153 151 Capital Markets 84 78 79 77 72 Corporate 20 12 19 19 21 Non-Strategic 77 93 89 81 70 338 337 343 330 315 9 Centralized and streamlined consumer and business loan origination support Reduce span of control in credit card, online banking and deposit support functions Automating manual processes with upgraded technology Reducing number of applications and systems through consolidation Reduced telecommunications costs Optimizing marketing spend through centralized unit Vendor contract negotiation Improving Productivity & Efficiency: Recent Actions Optimized commercial/business staffing coverage Closure of lower value financial centers Aligning branch staffing with customer demand Centralized mortgage origination Procurement Spend Reduction Business Model Optimization Business Process Simplification IT Infrastructure Rationalization $400mm $343 $337 $338 $330 $315 Expenses by Business Line

10 1Q10 2Q10 3Q10 4Q10 1Q11 2006 & Prior 0.09 0.1 0.12 0.12 0.12 2006 0.17 0.18 0.17 0.18 0.18 2007 0.6 0.55 0.52 0.47 0.48 2008 0.14 0.17 0.19 0.23 0.22 Numbers may not add due to rounding. 1As of 3.31.11. Based on UPB. The pipeline represents active investor claims and mortgage insurance (MI) cancellations under review. Excludes MI cancellation notices that have been reviewed and the MI coverage has been lost. For purposes of estimating loss, MI cancellation notices where coverage has been lost are contemplated. Mortgage Repurchase Reserve 1Q10 2Q10 3Q10 4Q10 1Q11 2006 & Prior 14 37 32 29 23 2007 34 57 52 58 61 2008 12 32 49 57 48 $150mm New Fannie Mae and Freddie Mac Repurchase Requests by Vintage1 Total Pipeline by Vintage1 Total Pipeline of Investor Requests1 1Q10 2Q10 3Q10 4Q10 1Q11 Pipeline 304 411 469 534 529 New Requests 117 206 209 263 221 Resolved 69 74 146 196 225 $600mm Mortgage Repurchase-Related Expenses Decline for Third Consecutive Quarter Pipeline of investor requests at $529mm for 1Q111 $304mm of GSE-related claims $147mm of mortgage insurer-related claims $24mm of private whole loan-related claims $54mm of other non-repurchase requests Currently, no repurchase requests from private securitizations, no lawsuits other than those reported in 3Q10 Rescission rate improved slightly during 1Q11 to the 45-55% range; severity was stable at 50-60% Majority of requests remain from the 2006 & 2007 vintages but levels of requests from 2008 now account for 22% of the pipeline, up from 1Q10's 14% Sold mortgage origination platform in August 2008 ($ in mm) 1Q10 2Q10 3Q10 4Q10 1Q11 Beginning Balance $106 $126 $162 $175 $183 Net Realized Losses ($20) ($20) ($36) ($36) ($37) Provision $41 $56 $49 $44 $37 Ending Balance $126 $162 $175 $183 $183

11 1Q10 2Q10 3Q10 4Q10 1Q11 Net Charge-Offs 182.4 132.8 111 100 77 Reserve Increase/ Decrease -52.9 -63 -61 -55 -76 Reserve % of Loans (right axis) 0.0483 0.0455 0.0422 0.0396 0.0369 $200mm Asset Quality Overview1 Peer Median FHN Consolidated FHN Regional Bank FHN Non-Strategic Reserves 0.0251 0.0369 0.0296 0.0522 Reserves and Net Charge-Offs Reserves vs. Peers2 1Asset quality ratios as of 3/31/11. 2Source: SNL. Peer Median includes top 50 publicly traded U.S. banks by total asset size as of 4Q10. Numbers may not add due to rounding. 1Q11 net charge-offs declined $23mm from 4Q10 to $77mm or 1.90% (annualized) of average loans1 Regional Bank net charge-offs down $8mm or 23% linked quarter, down $32mm or 55% year over year Non-Strategic net charge-offs declined $15mm or 24% linked quarter, down $73mm or 60% year over year Reserves for loan losses decreased $76mm linked quarter to $589mm or 3.69% of period end loans1 Reserve decrease due to improving credit trends, lower loan balances from run-off, paydowns, charge-offs Net charge-offs down 23% from 4Q10, down 58% since 1Q10 $133 $111 $100 $77 $182 2.96% 3.69% 2.51% 5.22%

12 Non-Performing Assets NPAs down $18mm or 2% linked quarter, down $222mm or 21% year over year Improvement driven by lower inflow Lower NPL inflows in 1Q11 reflect continued portfolio stability NPL levels flat vs. 4Q10, down 22% since 1Q10 ORE balances declined from lower additions and continued disposition activity Non-Performing Assets ORE Activity2 NPLs Activity1 Numbers may not add due to rounding. 1Includes Commercial and One-Time Close Portfolios only. 2ORE excludes foreclosed real estate from government insured loans. 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 NPLs 1133.108 1126.958 1119.719 937.684 929 791 796 726 723 ORE 119 106.1 100.8 113.7 113 109.3 123 110 94 (1)% (14)% (9)% (2)% (2)% (1)% (14)% $1.4B 2%

13 Building Long-Term Earnings Power: FHNC Bonefish - Long-Term Targets 1Q11 Consolidated 1Q11 Core1 Long-Term Targets ROA 0.71% 1.26% 1.25 - 1.45% NIM 3.22% 3.58% 3.50 - 4.00% NCO / Average Loans2 1.90% 1.00% 0.30 - 0.70% Fee Income as % of Revenue 53% 55% 40 - 50% Efficiency Ratio 85% 79% 60 - 65% 1Core businesses include Regional Banking, Capital Markets, and Corporate segment. 2NCO / Average Loans are annualized. Certain core data is non-GAAP and a reconciliation is provided in the appendix.

14 Optimize business mix for profitability and returns Improve productivity and efficiency Deploy excess capital smartly FHN Strategic Priorities Building a Foundation for Long-Term Earnings Power

15 Appendix

16 Liquidity and Capital Remain Strong 3Q10 4Q10 1Q11 4Q10 Peer Median Tier 1 Common 0.1035 0.115 0.117 0.097 11.7% 11.5% 9.7% Redeemed $100mm of TRUPs at 8.07% rate Repurchased the warrants issued to the Treasury in 2008 Paid off $549mm of maturing Bank Notes Numbers may not add to total due to rounding. 1Source: SNL. Peer median includes top 50 publicly traded U.S. banks by total asset size at 4Q10. TCE/RWA is not adjusted for unrealized gains on AFS securities and is a non-GAAP number, and a reconciliation is provided at the end of the appendix. Tier 1 Common is a non-GAAP number, and a reconciliation is provided at the end of the appendix. 2Excluding Securities Sold Repos, Trading Liabilities, and sub-debt and other collateralized borrowings of $2.9B. 1Q11 Capital & Liquidity Actions Tier 1 Common Ratio1 Wholesale Funding2 - P/E Balances ($B) Capital Ratios1 10.4%

17 Credit Quality Summary by Portfolio As of 3/31/11; numbers may not add to total due to rounding.

18 Income CRE Portfolio Construction Land Mini-Perm/Non-Construction Property Type 0.12 0.1 0.78 Construction 12% Land 10% Mini-Perm/ Construction 78% 1Q10 2Q10 3Q10 4Q10 1Q11 30+ Delq. 0.0311 0.0131 0.0204 0.012 0.0112 Net Charge-Offs (ann.) 0.0437 0.0304 0.0196 0.0366 0.0223 NPLs/Total Loans 0.1081 0.0978 0.1013 0.1006 0.1007 Retail Multi-Family Office Industrial Land Other Hospitality Income CRE by balances 0.237404442 0.170169281 0.158372145 0.134851765 0.102210863 0.099469395 0.097522108 Other 10% Land 10% Industrial 13% Hospitality 10% Retail 24% Multi-Family 17% Office 16% Performance Collateral Type1 Loan Type1 Numbers may not add to total due to rounding. 1As of 3/31/11; NPLs as a percentage of each portfolio. 2"Other" includes Non-Owner Occupied Single Family Residential and Multi-Use Projects. Balances of $1.4B at 3/31/11 91% managed in Regional Banking with relationship- oriented customers Proactively managing problem projects and maturities to regulatory standards Do not capitalize interest and do not fund interest on distressed properties Net charge-offs down $6mm linked quarter to $8mm Reserves of 7.0% at 3/31/11 Likely to remain at stressed performance levels in 2011 with some moderation

19 1Q10 2Q10 3Q10 4Q10 1Q11 30+ Delq. 0.0102 0.0102 0.0068 0.0036 0.0046 NPLs/Total Loans 0.0286 0.0293 0.0334 0.0292 0.0313 Net Charge-Offs (Ann.) 0.0167 0.0116 0.0134 0.0079 0.0059 C&I Portfolio All Other C&I TRUPs Bank-Related Correspondent Banking Property Type 0.81 0.06 0.03 0.09 All Other C&I 81% TRUPs 6% Consolidated C&I Portfolio C&I Loan Composition Bank Related Loans 3% Other Correspondent Banking 9% NPLs/Total Loans of 1.96% without TRUPs and Bank Related loans $6.8B portfolio, diversified by industry, managed in Regional Bank Includes loans to mortgage warehouse companies (correspondent banking) of $820mm in 4Q10 vs. $380mm in 1Q11 Net charge-offs down $4mm linked quarter C&I consolidated reserves of 3.24% at 3/31/11 Numbers/percentages may not add due to rounding.

20 C&I Portfolio: TRUPS & Bank-Related Loans 1Q11 TRUPs & Bank-Related Loans C&I w/o TRUPs & Bank-Related Loans Total C&I Portfolio PE Balances ($mm) $688 $6,120 $6,808 Reserves ($mm) $1151 $141 $221 Reserve Coverage 16.72%1 2.31% 3.24% NPL % 13.58% 1.96% 3.13% NCO %2 NM 0.66% 0.59% TRUPS and Bank-Related Loan Coverage 1Reserve coverage includes $35.6mm of LOCOM on TRUPs. 2NCO% is QTD Annualized. Numbers may not add to total due to rounding. $688mm balances in TRUPS and bank-related loans $301mm whole-loan TRUPs to banks $164mm whole-loan TRUPs to insurance companies $137mm loans to bank holding companies $86mm other loans secured by bank stock Average TRUP size of $9mm Significant focus is directed at this portfolio TRUPs and bank holding company loans are re-graded quarterly Eight TRUPs on deferral at 3/31/11

21 Consumer Real Estate Portfolio 1Q10 2Q10 3Q10 4Q10 1Q11 Regional Banking 4 3 5 6 7 Non-Strategic 41 37 41 37 28 Restricted 11 11 12 11 9 30+ Delinquency: Non-Strategic vs. Regional1 Net Charge-Offs Vintage Mix Non-Strategic Portfolio Run-Off3 1Source: McDash industry data as of February 2011. McDash underwent a change in methodology in July 2010 vs. prior quarters' data.FHN data excludes FHB. 2Addition of restricted consumer real estate loan balances to B/S disproportionately increased delinquency beginning January 2010. 3Channeling changed beginning March 2010 to be consistent with Accounting Segments. All charts and graphs include $672.4mm of restricted real estate loans. 1Q10 2Q10 3Q10 4Q10 1Q11 Period End Balance 3542 3398 3235 3062 2933 Historical on B/S Securitizations 638 617 591 564 541 New Restricted 162 153 145 138 132 Constant Pre-Payment Rate 0.1592 0.1592 0.17 0.19 0.2 $6.0B 30 Day Del. 1/1/2008 Feb March April May June July Aug Sept Oct Nov Dec 1/1/2009 Feb March April May June July Aug Sept Oct Nov Dec Jan-102 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 1/1/2011 2/11/2011 3/11/2011 Regional Banking 0.0154 0.016 0.0164 0.0145 0.0131 0.0112 0.011 0.0121 0.0123 0.0127 0.0139 0.0133 0.0125 0.0132 0.0125 0.0124 0.0129 0.0128 0.0142 0.0133 0.0144 0.0147 0.0133 0.0131 0.0137 0.0132 0.0124 0.0124 0.0134 0.0128 0.0145 0.0152 0.0159 0.0171 0.0154 0.0156 0.014 0.0137 0.0119 National Specialty 0.0149 0.0149 0.0145 0.0137 0.0134 0.0131 0.0134 0.0147 0.016 0.0175 0.0214 0.0229 0.0233 0.0241 0.0241 0.0243 0.0249 0.0262 0.0265 0.0265 0.0279 0.0282 0.0288 0.0293 0.0318 0.032 0.03 0.0302 0.0305 0.0303 0.0311 0.0306 0.0312 0.0321 0.0313 0.0305 0.0301 0.0299 0.0273 Industry 0.0328 0.0349 0.0347 0.0356 0.0368 0.0382 0.0394 0.0417 0.0431 0.0442 0.0486 Industry1 = 7.08% $60mm $53 $43 $56 $51 $57 Mar

>=740 720- 739 700- 719 660- 699 <660 FICO Score (Origination) 0.01062513 0.023482379 0.027634664 0.034616015 0.044983552 22 TN 0.37 CA 0.14 GA 0.03 FL 0.03 Other 0.44 Home Equity: Performance and Characteristics Portfolio Characteristics Geographic Distribution 30+ Delinquency: Key Drivers Core Banking Customers TN 37% Other 44% CA 14% FL 3% 3% GA Numbers/Percentages may not add due to rounding. All charts and graphs include $672.4mm of restricted consumer real estate loans. Retail Wholesale Channel Mix 0.0185 0.0381 51% % of portfolio 13% 13% 15% 8% 87% 13% 1st Lien 2nd Lien Lien Position 0.0156 0.0232 % of portfolio 32% 68% % of portfolio FICO Score-Origination Channel Lien Position

23 Private Label Repurchase Risk Different than GSE Risk Resolution Representation General reps and warranties are not as comprehensive as GSE reps and warranties No specific representation and warranty on fraud in the origination Access Voting Rights Difficult for investors to access loan files Significant up front cost with unknown returns; must indemnify trustee Generally requires a coordinated investor effort (25% of the "voting rights") to compel trustees to investigate and pursue repurchase claims Investor interests are not necessarily aligned Longer resolution process Longer timeline may decrease probability of successful claims

24 2004 2005 2006 2007 Alt-A Original Balance (~$20B) 2678581648 8966568925 6060323599 2252825121 Alt-A Remaining Balance (~$8B) 713102813 3634774787 2528874349 1167038706 Mortgage Repurchases: Origination and Loan Characteristics 2005 2006 2007 2008 FNMA ("Fannie") 14.1 11.4 12 2 FHLMC ("Freddie") 1 2.4 6 8.5 GNMA("Ginnie") 1.5 1.5 2.7 6.2 ~$70B of originations from 2005 to 2008 Received ~$970mm1 of GSE-related repurchase requests to date, or 1% of originations Represent 93% of all active repurchase/make whole requests in pipeline at 3/31/112 Private Securitizations ~$47B of originations from 2000 to 2007 8 securitizations of jumbo loans called in 4Q103 113 active securitizations, reflected in current UPB 55 first lien Jumbo securitizations 58 first lien Alt-A securitizations Currently, no repurchase requests related to private securitizations; along with other originators, we are named in three lawsuits by securities purchasers Outstanding UPB of ~$14B 58% Alt-A 42% Jumbo Loans Whole Loan Sales/ Non-GSE Represent 7% of all active repurchase/make whole requests in 1Q11 pipeline GSE Originations GSEs Private Securitizations/Whole Loan Sales/Non-GSE $25B 1Requests include MI cancellation notices. 2GSEs account for 93 percent of all actual repurchase/make-whole requests in the pipeline as of 3/31/11 and 7 percent of the active pipeline inclusive of PMI cancellation notices and all other claims. 3Aggregate original UPB of $3.4B. Upon recognition by FHN called loans are no longer subject to repurchase risk. 4Data source: First American Core Logic Loan Performance Database/Company Analysis. FHN has not verified the accuracy of this data. Jumbo original balances exclude inactive deals. FHASI (Jumbo) and FHAMS (Alt-A)4 $10B Pre-2004 2004 2005 2006 2007 Jumbo Original Balance (~$17B) 4.247704371 3.751720819 3.962734538 2.513216095 2.952382844 Jumbo Remaining Balance (~$6B) 0.765786592 0.831278767 1.706160123 1.039351887 1.536246506 $6B

25 Reconciliation to GAAP Financials Slides in this presentation use non-GAAP information of net interest income adjusted for impact of FTE. That information is not presented according to generally accepted accounting principles (GAAP), and is reconciled to GAAP information below.

26 Reconciliation to GAAP Financials Slides in this presentation use non-GAAP information of tangible assets, tangible common equity, tier 1 common capital, and various ratios using one or more of those measures. That information is not presented according to generally accepted accounting principles (GAAP), and is reconciled to GAAP information below. 1Includes goodwill and other intangible assets, net of amortization. 2Current quarter is an estimate. Numbers may not add to total due to rounding.

27 Reconciliation to GAAP Financials Slides in this presentation use non-GAAP information of net interest income, assets, net interest margin, net charge- offs, fee income, revenue, expense and various ratios using one or more of those measures. 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. 1Net Charge-offs / Average loans is annualized.