8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): April 16, 2019

First Horizon National Corporation

(Exact Name of Registrant as Specified in Charter)

TN	001-15185	62-0803242
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

165 MADISON AVENUE
MEMPHIS, TENNESSEE	38103
(Address of principal executive office)	(Zip Code)

Registrant’s telephone number, including area code: (901) 523-4444

(Former name or former address, if changed from last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).
		o Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

ITEM 2.02. Results of Operations and Financial Condition.

ITEM 7.01. Regulation FD Disclosure.

Furnished as Exhibit 99.1 is a copy of the First Horizon National Corporation (“FHN”) First Quarter 2019 Financial Supplement and as Exhibit 99.2 is a copy of the Investor Slide Presentation for the quarter ended March 31, 2019, both of which were released today.

The foregoing information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition” and Item 7.01, “Regulation FD Disclosure.” The exhibit speaks as of the date thereof and FHN does not assume any obligation to update in the future the information therein.

Use of Non-GAAP Measures and Regulatory Measures that are not GAAP in the Exhibits

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

Presentation of regulatory measures, some of which follow regulatory definitions rather than GAAP, provides a meaningful base for comparability to other financial institutions subject to the same regulations as FHN. Such measures are used by the various banking regulators in reviewing the performance, stability, and capital adequacy of financial institutions they regulate. Although not GAAP terms, these regulatory measures are not considered “non-GAAP” under U.S. financial reporting rules as long as their presentation conforms to regulatory standards. Regulatory measures used in the exhibits include: common equity tier 1 capital, generally defined as common equity less goodwill, other intangibles, and certain other required regulatory deductions; tier 1 capital, generally defined as the sum of core capital (including common equity and instruments that cannot be redeemed at the option of the holder) adjusted for certain items under risk based capital regulations; risk weighted assets (“RWA”), which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios; and pre-provision net revenue (“PPNR”), calculated by adding the provision/(provision credit) for loan losses to income before income taxes, excluding securities gains/(losses).

The non-GAAP measures presented in the exhibits include: return on average tangible common equity (“ROTCE”); tangible common equity (“TCE”) to tangible assets (“TA”); tangible book value ("TBV") per common share; adjusted ROTCE; and various performance measures and ratios adjusted for notable items identified in the exhibits.

Reconciliations of non-GAAP to GAAP measures and presentation of the most comparable GAAP items are presented near the end (immediately before the Glossary) of the Financial Supplement and at the end of the Investor Slide Presentation.

Forward-Looking Statements

This financial supplement and investor slide presentation contain 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, investor slide presentation and in FHN's most recent earnings release, as well as critical accounting estimates and other factors described in FHN’s recent filings with the SEC. FHN disclaims any obligation to update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements to reflect future events or developments.

ITEM 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are furnished pursuant to Items 2.02 and 7.01, are not to be considered “filed” under the Securities Exchange Act of 1934, as amended (“Exchange Act”), and shall not be incorporated by reference into any of FHN’s previous or future filings under the Securities Act of 1933, as amended, or the Exchange Act.

Exhibit #	Description
99.1	First Horizon National Corporation First Quarter 2019 Financial Supplement.
99.2	First Horizon National Corporation Investor Slide Presentation for the quarter ended March 31, 2019.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	First Horizon National Corporation
Date: April 16, 2019	By:	/s/ William C. Losch III
	William C. Losch III
	Executive Vice President and Chief Financial Officer

EX-99.1

1

FIRST QUARTER 2019

FINANCIAL SUPPLEMENT

If you need further information, please contact:

Aarti Bowman, Investor Relations

901-523-4017

aagoorha@firsthorizon.com

FHN TABLE OF CONTENTS

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

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 earnings release, as well as critical accounting estimates and other factors described in FHN’s recent filings with the SEC. FHN disclaims any obligation to update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements to reflect future events or developments.

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

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

Presentation of regulatory measures, some of which follow regulatory definitions rather than GAAP, provides a meaningful base for comparability to other financial institutions subject to the same regulations as FHN. Such measures are used by the various banking regulators in reviewing the performance, stability, and capital adequacy of financial institutions they regulate. Although not GAAP terms, these regulatory measures are not considered “non-GAAP” under U.S. financial reporting rules as long as their presentation conforms to regulatory standards. Regulatory measures used in this financial supplement include: common equity tier 1 capital, generally defined as common equity less goodwill, other intangibles, and certain other required regulatory deductions; tier 1 capital, generally defined as the sum of core capital (including common equity and instruments that cannot be redeemed at the option of the holder) adjusted for certain items under risk based capital regulations; risk weighted assets (“RWA”), which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios; and pre-provision net revenue (“PPNR”), calculated by adding the provision/(provision credit) for loan losses to income before income taxes, excluding securities gains/(losses).

The non-GAAP measures presented in this financial supplement are return on average tangible common equity (“ROTCE”), tangible common equity (“TCE”) to tangible assets (“TA”), and tangible book value ("TBV") per common share.

Refer to the tabular reconciliation of non-GAAP to GAAP measures and presentation of the most comparable GAAP items on page 21 of this financial supplement.

2

FIRST HORIZON NATIONAL CORPORATION SEGMENT STRUCTURE

3

FHN PERFORMANCE HIGHLIGHTS
Summary of First Quarter 2019 Notable Items
Segment	Item	Income Statement	Amount Favorable/ (Unfavorable)	Comments
Corporate	Restructuring, repositioning, and efficiency initiatives	Noninterest expense: various	$(12.2) million	Primarily pre-tax severance-related costs and professional fees associated with efficiency initiatives
Corporate	Acquisition expenses	Noninterest expense: various	$(5.7) million	Pre-tax acquisition-related expenses primarily associated with the Capital Bank Financial Corp. ("CBF") acquisition
First Quarter 2019 vs. Fourth Quarter 2018

Consolidated								l 1Q19 diluted EPS of $.31 compared to $.30 in 4Q18 l Total revenue up 6% as increase in fee income offset lower NII l Increase in fee income largely due to higher fixed income revenue; 4Q18 fee income includes unfavorable adjustment to debit card income l NII down from decreased loan accretion and fewer days in 1Q19 l NIM of 3.31% in 1Q19 compared to 3.38% in 4Q18; decrease due to increase in interest bearing cash & lower loan accretion l    Loan loss provision increase primarily driven by commercial loan growth & one relationship that was downgraded within Regional Banking    l   Net charge-offs decreased $7.0 million to $4.5 million in 1Q19 l    Deferred compensation net impact of $1.6 million; expense increase of $13.2 million, offset by fee income increase of $11.6 million l    1Q19 includes $12.2 million of restructuring costs and $5.7 million of acquisition-related expenses, compared to $11.6 million of acquisition costs in 4Q18 l    Period-end loan growth reflects a 2% increase in Regional Banking, offset by a 6% run-off in Non-strategic
(Thousands, except per share data)	1Q19		4Q18		Change
Income Statement
Net interest income	$	294,508	$	302,512	(3	)	%
Noninterest income	141,045		110,274		28		%
Total revenues	435,553		412,786		6		%
Provision for loan losses	9,000		6,000		50		%
Noninterest expense	296,090		281,932		5		%
Income before income taxes	130,463		124,854		4		%
Provision for income taxes	27,058		24,049		13		%
Net income/(loss)	$	103,405	$	100,805	3		%
Diluted EPS	$	0.31	$	0.30	3		%
Balance Sheet (millions)
Average Loans	$	27,313	$	27,155	1		%
Average Deposits	32,497		31,848		2		%

Regional Banking								lStrong loan and deposit growth    l Period-end loans up 2%; Period-end deposits up 3%    l  Deposit growth from key markets in Mid-Atlantic & South Florida    l NII down from lower loan accretion, fewer days in 1Q19 & funds transfer pricing methodology with offset in Corporate l    Fee income up 4%; 1Q19 fee income impacted by seasonality in NSF fee income; 4Q18 includes unfavorable adjustment to debit card income l    Provision expense increase primarily driven by commercial loan growth and one relationship that was downgraded during the quarter l   Net charge-offs decreased $7.1 million to $5.5 million in 1Q19 lExpenses down 3% l Broad-based cost savings across multiple line items driven by strategic-focus on expense optimization
(Thousands)	1Q19		4Q18		Change
Net interest income	$	287,157	$	299,640	(4	)	%
Noninterest income	72,117		69,208		4		%
Total revenues	359,274		368,848		(3	)	%
Provision for loan losses	13,958		7,850		78		%
Noninterest expense	199,959		206,372		(3	)	%
Income before income taxes	$	145,357	$	154,626	(6	)	%
PPNR (a)	159,315		162,476		(2	)	%
Balance Sheet (millions)
Period-end loans	$	26,896	$	26,385	2		%
Period-end deposits	30,376		29,370		3		%
(a) Pre-provision net revenue is not a GAAP number but is used in regulatory stress test reporting. The presentation of PPNR in this Financial Supplement follows the regulatory definition.

Fixed Income								l Federal Reserve commentary and outlook for rates to be flat/down favorably impacted 1Q19 activity l1Q19 ADR of $729 thousand, up 48 percent with all trading desks showing growth from 4Q18 l Pre-tax income up from higher ADR and lower fixed expenses
(Thousands)	1Q19		4Q18		Change
Net interest income	$	7,322	$	9,002	(19	)	%
Noninterest income	53,807		39,678		36		%
Total revenues	61,129		48,680		26		%
Noninterest expense	51,227		46,947		9		%
Income before income taxes	$	9,902	$	1,733	NM
NM - Not meaningful

4

FHN PERFORMANCE HIGHLIGHTS (continued)

First Quarter 2019 vs. Fourth Quarter 2018 (continued)

Corporate									l    NII favorably impacted by reduction in market-indexed deposits primarily due to strong deposit growth in Regional Banking l    Deferred compensation net impact of $1.6 million; expense increase of $13.2 million, offset by fee income increase of $11.6 million l    Expense increase also driven by restructuring costs associated with efficiency initiatives, somewhat offset by lower acquisition-related costs
(Thousands)	1Q19			4Q18			Change
Net interest income	$	(7,853	)	$	(15,334	)	49	%
Noninterest income	13,352			(1,411		)	NM
Total revenues	5,499			(16,745		)	NM
Noninterest expense	40,351			23,127			74	%
Income before income taxes	$	(34,852	)	$	(39,872	)	13	%
NM - Not meaningful

Non-Strategic										l  Non-Strategic results reflect continuing wind-down of the loan portfolio
(Thousands)	1Q19			4Q18			Change
Net interest income	$	7,882		$	9,204		(14	)	%
Noninterest income	1,769			2,799			(37	)	%
Total revenues	9,651			12,003			(20	)	%
Provision for loan losses	(4,958		)	(1,850		)	NM
Noninterest expense	4,553			5,486			(17	)	%
Income before income taxes	$	10,056		$	8,367		20		%
Balance Sheet
Average loans	$	1,005		$	1,068		(6	)	%
NM - Not meaningful

Asset Quality									l    Increase in reserves primarily driven by loan growth within the commercial portfolio l    Net charge-offs were $4.5 million in 1Q19 compared to $11.5 million in 4Q18 driven by the C&I and Other Consumer portfolios l    Criticized and classified commercial loans down $78 million    l   Nonperforming loans at 65 bps, up 11 bps, largely due to three C&I credits l    Decrease in 30+ delinquencies driven by payoffs and loans becoming current within the consumer portfolio
(Thousands)	1Q19			4Q18		Change
Allowance for loan losses	$184,911			$180,424		2		%
Allowance / loans %	0.66		%	0.66	%
Net Charge-offs	$	4,513		$11,535		(61	)	%
Net charge-offs %	0.07		%	0.17	%
Nonperforming Loans (a)	$181,625			$147,749		23		%
NPL %	0.65		%	0.54	%
30+ delinquencies	$	63,693		$75,164		(15	)	%
30+ delinquencies %	0.23		%	0.27	%
* Amount is less than one percent.
(a) Excludes loans held-for-sale.

Capital and Liquidity										lIncreased quarterly dividend to $.14 in 1Q19 from $.12 in 4Q18 l Repurchased 3.5 million shares (weighted average price - $14.85) in 1Q19 compared to 5.4 million shares (weighted average price - $15.00) in 4Q18 l$349.0 million remaining authorization under the stock purchase authorization first announced in January 2018, currently scheduled to expire January 31, 2021
(millions)	1Q19			4Q18			Change
Common dividends declared (a)	$	44.3		$	38.4		15		%
Preferred dividends declared	$	1.6		$	1.6		*
Share repurchases	$	51.5		$	80.5		(36	)	%
Capital Ratios (b)
Common Equity Tier 1	9.66		%	9.77		%
Tier 1	10.69		%	10.80		%
Total Capital	11.82		%	11.94		%
Leverage	9.02		%	9.09		%
NM - Not meaningful
* Amount is less than one percent.
(a) 1Q19 common dividends paid April 1, 2019; 4Q18 common dividends paid January 2, 2019.
(b) Regulatory capital ratios calculated under the Basel III risk-based capital rules as phased-in; current quarter is an estimate.

5

FHN CONSOLIDATED INCOME STATEMENT

Quarterly, Unaudited

																1Q19 Changes vs.
(Dollars in thousands, except per share data)	1Q19			4Q18			3Q18			2Q18			1Q18			4Q18			1Q18
Interest income	$	400,615		$	401,186		$	393,669		$	387,811		$	363,355		*			10		%
Less: interest expense	106,107			98,674			87,969			76,879			62,182			8		%	71		%
Net interest income	294,508			302,512			305,700			310,932			301,173			(3	)	%	(2	)	%
Provision/(provision credit) for loan losses	9,000			6,000			2,000			—			(1,000		)	50		%	NM
Net interest income after provision for loan losses	285,508			296,512			303,700			310,932			302,173			(4	)	%	(6	)	%
Noninterest income:
Fixed income (a)	53,749			39,866			44,813			37,697			45,506			35		%	18		%
Deposit transactions and cash management (b)	31,621			25,422			35,792			36,083			35,984			24		%	(12	)	%
Brokerage, management fees and commissions	12,633			13,380			14,200			13,740			13,483			(6	)	%	(6	)	%
Trust services and investment management	7,026			6,959			7,438			8,132			7,277			1		%	(3	)	%
Bankcard income	6,015			6,760			6,878			6,635			6,445			(11	)	%	(7	)	%
Bank-owned life insurance	4,402			4,852			4,337			5,773			3,993			(9	)	%	10		%
Securities gains/(losses), net (c)	31			(28		)	212,859			31			86			NM			(64	)	%
Other (d)	25,568			13,063			22,655			19,434			23,243			96		%	10		%
Total noninterest income	141,045			110,274			348,972			127,525			136,017			28		%	4		%
Adjusted gross income after provision for loan losses	426,553			406,786			652,672			438,457			438,190			5		%	(3	)	%
Noninterest expense:
Employee compensation, incentives, and benefits (e)	177,925			156,240			164,839			165,890			171,254			14		%	4		%
Repurchase and foreclosure provision (f)	(455		)	(153		)	(562		)	(252		)	(72		)	NM			NM
Legal fees	2,831			3,479			2,541			2,784			2,345			(19	)	%	21		%
Professional fees (g)	12,299			8,842			9,270			15,415			12,272			39		%	*
Occupancy	20,693			22,053			20,002			22,503			20,451			(6	)	%	1		%
Computer software	15,139			14,656			15,693			15,123			15,132			3		%	*
Contract employment and outsourcing	3,371			4,248			4,314			5,907			4,053			(21	)	%	(17	)	%
Operations services	11,488			12,945			13,121			14,653			15,561			(11	)	%	(26	)	%
Equipment rentals, depreciation, and maintenance	8,829			8,983			9,423			10,708			10,018			(2	)	%	(12	)	%
FDIC premium expense (h)	4,273			5,200			7,850			9,978			8,614			(18	)	%	(50	)	%
Advertising and public relations	7,242			7,718			8,365			5,070			3,599			(6	)	%	NM
Communications and courier	6,453			7,256			7,014			7,530			8,232			(11	)	%	(22	)	%
Amortization of intangible assets	6,216			6,461			6,460			6,460			6,474			(4	)	%	(4	)	%
Other (d)	19,786			24,004			25,701			50,999			35,332			(18	)	%	(44	)	%
Total noninterest expense	296,090			281,932			294,031			332,768			313,265			5		%	(5	)	%
Income before income taxes	130,463			124,854			358,641			105,689			124,925			4		%	4		%
Provision for income taxes (i)	27,058			24,049			83,925			19,697			29,931			13		%	(10	)	%
Net income/(loss)	103,405			100,805			274,716			85,992			94,994			3		%	9		%
Net income attributable to noncontrolling interest	2,820			2,910			2,883			2,852			2,820			(3	)	%	*
Net income/(loss) attributable to controlling interest	100,585			97,895			271,833			83,140			92,174			3		%	9		%
Preferred stock dividends	1,550			1,550			1,550			1,550			1,550			*			*
Net income/(loss) available to common shareholders	$	99,035		$	96,345		$	270,283		$	81,590		$	90,624		3		%	9		%
Common Stock Data
EPS (c)	$	0.31		$	0.30		$	0.83		$	0.25		$	0.28		3		%	11		%
Basic shares (thousands)	317,435			321,505			324,406			325,153			326,489			(1	)	%	(3	)	%
Diluted EPS	$	0.31		$	0.30		$	0.83		$	0.25		$	0.27		3		%	15		%
Diluted shares (thousands)	319,581			323,885			327,252			328,426			330,344			(1	)	%	(3	)	%
Key Ratios & Other
Return on average assets (annualized) (c) (j)	1.03		%	0.99		%	2.72		%	0.86		%	0.95		%
Return on average common equity (“ROCE”) (annualized) (c) (j)	9.09		%	8.81		%	25.41		%	7.86		%	8.79		%
Return on average tangible common equity (“ROTCE”) (annualized) (c) (j) (k)	14.17		%	13.80		%	40.51		%	12.63		%	14.06		%
Fee income to total revenue (j)	32.38		%	26.72		%	30.81		%	29.08		%	31.10		%
Efficiency ratio (j)	67.99		%	68.30		%	66.55		%	75.90		%	71.67		%
Average full time equivalent employees	5,524			5,563			5,623			5,873			5,835

NM - Not meaningful

* Amount is less than one percent.

(a) 3Q18 includes a $3.8 million gain from the reversal of a previous valuation adjustment due to sales of TRUPS loans.

(b) 4Q18 includes an $8.7 million unfavorable adjustment related to the return of excess fees received on Capital Bank debit card transactions.

(c) 3Q18 includes a pre-tax gain of $212.9 million from the sale of Visa Class B Shares which impacts certain performance measures in 3Q18.

(d) Refer to the Other Income and Other Expense table on page 7 for additional information.

(e) 1Q19 includes $6.5 million of severance-related costs associated with efficiency initiatives. 1Q19 and 4Q18 include $6.2 million and $(7.1) million, respectively, of deferred compensation expense.

(f) Expense reversals driven by the settlements/recoveries of certain repurchase claims.

(g) 1Q19 includes $4.3 million related to efficiency initiatives.

(h) 4Q18 decrease due to the end of the FDIC assessment surcharge.

(i) 3Q18 reflects the tax effect on the gain on the sale of Visa Class B Shares.

(j) See Glossary of Terms for definitions of Key Ratios.

(k) This non-GAAP measure is reconciled to ROCE (GAAP) in the Non-GAAP to GAAP reconciliation on page 21 of this financial supplement.

6

FHN OTHER INCOME AND OTHER EXPENSE

Quarterly, Unaudited

														1Q19 Changes vs.
(Thousands)	1Q19			4Q18			3Q18			2Q18		1Q18		4Q18			1Q18
Other Income
ATM and interchange fees	$	3,241		$	3,411		$	3,263		$	3,413	$	3,267	(5	)	%	(1	)	%
Dividend income	2,313			2,425			2,757			3,124		2,249		(5	)	%	3		%
Electronic banking fees	1,271			1,393			1,309			1,228		1,204		(9	)	%	6		%
Letter of credit fees	1,368			1,447			1,307			1,295		1,249		(5	)	%	10		%
Mortgage banking	1,886			3,077			2,533			2,431		2,546		(39	)	%	(26	)	%
Deferred compensation (a)	5,474			(6,124		)	1,458			991		451		NM			NM
Insurance commissions	624			467			396			476		757		34		%	(18	)	%
Other service charges	3,869			3,513			3,758			3,728		4,123		10		%	(6	)	%
Gain/(loss) on extinguishment of debt	(1		)	(14		)	(1		)	—		—		93		%	NM
Other (b)	5,523			3,468			5,875			2,748		7,397		59		%	(25	)	%
Total	$	25,568		$	13,063		$	22,655		$	19,434	$	23,243	96		%	10		%
Other Expense
Litigation and regulatory matters (c)	$	13		$	35		$	(1,541	)	$	16	$	2,134	(63	)	%	(99	)	%
Tax credit investments	675			1,126			1,370			1,079		1,137		(40	)	%	(41	)	%
Travel and entertainment	2,712			4,340			3,988			5,131		2,983		(38	)	%	(9	)	%
Employee training and dues	1,457			1,908			1,682			1,849		1,779		(24	)	%	(18	)	%
Customer relations	1,599			1,834			1,328			1,358		1,063		(13	)	%	50		%
Miscellaneous loan costs	1,027			1,012			543			1,035		1,142		1		%	(10	)	%
Supplies	1,804			1,459			1,635			1,987		1,836		24		%	(2	)	%
OREO	(366		)	456			1,256			810		108		NM			NM
Other insurance and taxes	2,694			1,506			2,761			2,752		2,665		79		%	1		%
Non-service components of net periodic pension and post retirement cost (d)	432			1,632			1,585			1,530		504		(74	)	%	(14	)	%
Other (e)	7,739			8,696			11,094			33,452		19,981		(11	)	%	(61	)	%
Total	$	19,786		$	24,004		$	25,701		$	50,999	$	35,332	(18	)	%	(44	)	%

NM - Not meaningful

(a) Amounts driven by market conditions and are mirrored by changes in deferred compensation expense which is included in employee compensation expense.

(b) 4Q18 includes a $1.8 million negative valuation adjustment on HFS consumer loans included in the Non-Strategic segment; 3Q18 and 1Q18 include $.8 million and $3.3 million, respectively, of gains on the sales of buildings.

(c) 3Q18 includes a $1.6 million expense reversal related to a recovery of prior litigation losses within the Regional Banking segment.

(d) 1Q18 includes a $1.0 million favorable adjustment related to benefits received.

(e) 2Q18 includes $4.1 million of valuation adjustments associated with derivatives related to prior sales of Visa Class B shares.

7

FHN CONSOLIDATED PERIOD-END BALANCE SHEET

Quarterly, Unaudited 

																1Q19 Changes vs.
(Thousands)	1Q19			4Q18			3Q18			2Q18			1Q18			4Q18			1Q18
Assets:
Investment securities	$	4,626,322		$	4,636,470		$	4,618,383		$	4,734,411		$	4,836,155		*			(4	)	%
Loans held-for-sale (a)	594,662			679,149			725,651			692,659			770,412			(12	)	%	(23	)	%
Loans, net of unearned income	27,990,048			27,535,532			27,350,214			27,701,740			27,249,793			2		%	3		%
Federal funds sold	167,602			237,591			113,722			91,303			62,541			(29	)	%	NM
Securities purchased under agreements to resell	474,679			386,443			687,437			782,765			910,670			23		%	(48	)	%
Interest-bearing cash (b)	1,013,254			1,277,611			531,681			750,634			309,351			(21	)	%	NM
Trading securities	1,681,727			1,448,168			1,930,991			1,649,470			1,759,430			16		%	(4	)	%
Total earning assets	36,548,294			36,200,964			35,958,079			36,402,982			35,898,352			1		%	2		%
Cash and due from banks	570,589			781,291			642,051			602,952			459,820			(27	)	%	24		%
Fixed income receivables (c)	46,782			38,861			177,802			68,148			94,036			20		%	(50	)	%
Goodwill	1,432,788			1,432,787			1,409,822			1,409,276			1,398,501			*			2		%
Other intangible assets, net	148,818			155,034			161,495			167,955			174,415			(4	)	%	(15	)	%
Premises and equipment, net	484,494			494,041			506,453			525,175			531,981			(2	)	%	(9	)	%
Other real estate owned ("OREO")	23,396			25,290			28,628			29,712			35,715			(7	)	%	(34	)	%
Allowance for loan losses	(184,911		)	(180,424		)	(185,959		)	(185,462		)	(187,194		)	2		%	(1	)	%
Derivative assets	118,128			81,475			54,476			122,056			114,348			45		%	3		%
Other assets (d)	1,910,625			1,802,939			1,883,077			1,934,001			1,943,221			6		%	(2	)	%
Total assets	$	41,099,003		$	40,832,258		$	40,635,924		$	41,076,795		$	40,463,195		1		%	2		%
Liabilities and Equity:
Deposits:
Consumer interest	$	13,707,310		$	13,327,104		$	12,800,892		$	12,780,195		$	12,674,251		3		%	8		%
Commercial interest	6,729,999			6,172,159			5,735,486			5,547,510			5,816,992			9		%	16		%
Market-indexed (e)	4,062,531			5,042,412			4,445,826			4,412,272			4,346,862			(19	)	%	(7	)	%
Total interest-bearing deposits	24,499,840			24,541,675			22,982,204			22,739,977			22,838,105			*			7		%
Noninterest-bearing deposits	7,963,048			8,141,317			8,025,881			8,237,890			7,980,846			(2	)	%	*
Total deposits	32,462,888			32,682,992			31,008,085			30,977,867			30,818,951			(1	)	%	5		%
Federal funds purchased	339,360			256,567			437,474			351,655			392,714			32		%	(14	)	%
Securities sold under agreements to repurchase	745,788			762,592			678,510			713,152			672,154			(2	)	%	11		%
Trading liabilities	429,669			335,380			739,694			743,721			827,362			28		%	(48	)	%
Other short-term borrowings (f)	140,832			114,764			1,069,912			1,836,852			1,332,141			23		%	(89	)	%
Term borrowings (g)	1,177,926			1,170,963			1,200,134			1,227,281			1,214,967			1		%	(3	)	%
Fixed income payables (c)	100,290			9,572			36,939			14,739			6,167			NM			NM
Derivative liabilities	107,123			133,713			170,324			135,349			121,394			(20	)	%	(12	)	%
Other liabilities (d)	748,606			580,335			552,921			526,430			504,817			29		%	48		%
Total liabilities	36,252,482			36,046,878			35,893,993			36,527,046			35,890,667			1		%	1		%
Equity:
Common stock	197,101			199,108			202,464			203,127			204,496			(1	)	%	(4	)	%
Capital surplus	2,983,948			3,029,425			3,101,102			3,113,612			3,155,407			(2	)	%	(5	)	%
Undivided profits	1,595,568			1,542,408			1,484,959			1,254,069			1,211,655			3		%	32		%
Accumulated other comprehensive loss, net	(321,151		)	(376,616		)	(437,649		)	(412,114		)	(390,085		)	(15	)	%	(18	)	%
Preferred stock	95,624			95,624			95,624			95,624			95,624			*			*
Noncontrolling interest (h)	295,431			295,431			295,431			295,431			295,431			*			*
Total equity	4,846,521			4,785,380			4,741,931			4,549,749			4,572,528			1		%	6		%
Total liabilities and equity	$	41,099,003		$	40,832,258		$	40,635,924		$	41,076,795		$	40,463,195		1		%	2		%

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

NM - Not meaningful

*Amount is less than one percent.

(a) 1Q19 includes $495.5 million of SBA and USDA loans, $75.0 million of mortgage loans, and $24.2 million of other consumer loans; 2Q18 decrease driven by the sales of approximately $120 million UPB of loans.

(b) Includes excess balances held at Fed.

(c) Period-end balances fluctuate based on the level of pending unsettled trades.

(d) 1Q19 increase largely driven by the adoption of ASU 2016-02, "Leases" which resulted in approximately $180 million of lease assets and approximately $200 million of lease liabilities being added to the balance sheet.

(e) Market-indexed deposits are tied to an index not administered by FHN and are comprised of insured network deposits, correspondent banking deposits, and trust/sweep deposits.

(f) Balance fluctuates largely based on the level of FHLB borrowings as a result of loan demand and deposit levels.

(g) 4Q18 and 3Q18 decreases include the retirement of $35.1 million and $10.3 million, respectively, of TRUPS debt.

(h) Consists of preferred stock of subsidiaries.

8

FHN CONSOLIDATED AVERAGE BALANCE SHEET

Quarterly, Unaudited 

																1Q19 Changes vs.
(Thousands)	1Q19			4Q18			3Q18			2Q18			1Q18			4Q18			1Q18
Assets:
Earning assets:
Loans, net of unearned income:
Commercial, financial, and industrial (C&I)	$	16,428,088		$	15,952,608		$	16,038,920		$	15,958,162		$	15,535,621		3		%	6		%
Commercial real estate	3,959,592			4,170,186			4,226,580			4,198,275			4,230,217			(5	)	%	(6	)	%
Consumer real estate	6,194,147			6,274,799			6,199,910			6,217,618			6,302,365			(1	)	%	(2	)	%
Permanent mortgage	216,037			228,184			348,922			369,144			389,732			(5	)	%	(45	)	%
Credit card and other	515,436			528,866			532,890			555,588			594,130			(3	)	%	(13	)	%
Total loans, net of unearned income (a)	27,313,300			27,154,643			27,347,222			27,298,787			27,052,065			1		%	1		%
Loans held-for-sale (b)	670,401			714,388			727,508			727,212			726,978			(6	)	%	(8	)	%
Investment securities:
U.S. treasuries	99			98			98			98			98			1		%	1		%
U.S. government agencies	4,494,814			4,489,625			4,594,639			4,705,893			4,792,709			*			(6	)	%
States and municipalities	33,400			27,573			14,332			1,621			51			21		%	NM
Corporate bonds	65,194			65,033			65,505			65,719			65,634			*			(1	)	%
Other	10,249			11,421			7,307			4,114			5,153			(10	)	%	99		%
Total investment securities	4,603,756			4,593,750			4,681,881			4,777,445			4,863,645			*			(5	)	%
Trading securities	1,443,969			1,634,726			1,501,857			1,568,675			1,711,776			(12	)	%	(16	)	%
Other earning assets:
Federal funds sold	113,043			43,752			43,396			35,165			27,797			NM			NM
Securities purchased under agreements to resell	428,687			609,891			764,743			728,785			881,429			(30	)	%	(51	)	%
Interest-bearing cash (c)	1,717,696			1,073,540			486,280			447,461			482,060			60		%	NM
Total other earning assets	2,259,426			1,727,183			1,294,419			1,211,411			1,391,286			31		%	62		%
Total earning assets	36,290,852			35,824,690			35,552,887			35,583,530			35,745,750			1		%	2		%
Allowance for loan losses	(182,332		)	(186,978		)	(186,204		)	(187,253		)	(190,420		)	(2	)	%	(4	)	%
Cash and due from banks	610,470			615,199			597,578			564,554			563,555			(1	)	%	8		%
Fixed income receivables	55,393			56,519			54,176			51,346			61,757			(2	)	%	(10	)	%
Premises and equipment, net	485,462			499,867			518,017			532,259			537,359			(3	)	%	(10	)	%
Derivative assets	55,288			38,449			31,322			99,212			79,292			44		%	(30	)	%
Other assets (d)	3,568,059			3,454,782			3,509,257			3,530,064			3,553,431			3		%	*
Total assets	$	40,883,192		$	40,302,528		$	40,077,033		$	40,173,712		$	40,350,724		1		%	1		%
Liabilities and equity:
Interest-bearing liabilities:
Interest-bearing deposits:
Consumer interest	$	13,390,692		$	12,965,734		$	12,663,181		$	12,581,023		$	12,586,843		3		%	6		%
Commercial interest	6,577,476			5,900,136			5,580,371			5,618,245			5,540,090			11		%	19		%
Market-indexed (e)	4,734,295			4,947,192			4,486,335			4,488,503			4,238,128			(4	)	%	12		%
Total interest-bearing deposits	24,702,463			23,813,062			22,729,887			22,687,771			22,365,061			4		%	10		%
Federal funds purchased	370,868			334,036			454,670			368,321			464,300			11		%	(20	)	%
Securities sold under agreements to repurchase	688,765			710,898			720,716			667,689			756,487			(3	)	%	(9	)	%
Trading liabilities	375,169			543,696			702,026			666,092			822,815			(31	)	%	(54	)	%
Other short-term borrowings (f)	114,474			244,413			861,865			1,399,580			1,698,490			(53	)	%	(93	)	%
Term borrowings	1,172,618			1,172,405			1,235,166			1,220,494			1,219,916			*			(4	)	%
Total interest-bearing liabilities	27,424,357			26,818,510			26,704,330			27,009,947			27,327,069			2		%	*
Noninterest-bearing deposits	7,795,015			8,034,692			8,117,349			8,003,901			7,843,239			(3	)	%	(1	)	%
Fixed income payables	21,978			19,858			17,582			15,453			27,913			11		%	(21	)	%
Derivative liabilities	94,943			147,075			114,211			103,130			72,157			(35	)	%	32		%
Other liabilities (d)	737,664			551,695			512,259			488,735			506,430			34		%	46		%
Total liabilities	36,073,957			35,571,830			35,465,731			35,621,166			35,776,808			1		%	1		%
Equity:
Common stock	198,460			201,006			202,852			203,381			204,332			(1	)	%	(3	)	%
Capital surplus	3,015,017			3,068,536			3,108,721			3,121,578			3,151,931			(2	)	%	(4	)	%
Undivided profits	1,572,177			1,510,503			1,323,826			1,240,809			1,192,462			4		%	32		%
Accumulated other comprehensive loss, net	(367,474		)	(440,402		)	(415,152		)	(404,277		)	(365,864		)	(17	)	%	*
Preferred stock	95,624			95,624			95,624			95,624			95,624			*			*
Noncontrolling interest (g)	295,431			295,431			295,431			295,431			295,431			*			*
Total equity	4,809,235			4,730,698			4,611,302			4,552,546			4,573,916			2		%	5		%
Total liabilities and equity	$	40,883,192		$	40,302,528		$	40,077,033		$	40,173,712		$	40,350,724		1		%	1		%

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

NM - Not meaningful

*Amount is less than one percent.

(a) Includes loans on nonaccrual status.

(b) 1Q19 includes $572.2 million of SBA and USDA loans, $73.6 million of mortgage loans, and $24.5 million of other consumer loans.

(c) Includes excess balances held at Fed.

(d) 1Q19 increase largely driven by the adoption of ASU 2016-02, "Leases" which resulted in approximately $180 million of lease assets and approximately $200 million of lease liabilities being added to the balance sheet.

(e) Market-indexed deposits are tied to an index not administered by FHN and are comprised of insured network deposits, correspondent banking deposits, and trust/sweep deposits.

(f) Balance fluctuates largely based on the level of FHLB borrowings as a result of loan demand and deposit levels.

(g) Consists of preferred stock of subsidiaries.

9

FHN CONSOLIDATED NET INTEREST INCOME (a)

Quarterly, Unaudited 

																1Q19 Changes vs.
(Thousands)	1Q19			4Q18			3Q18			2Q18			1Q18			4Q18			1Q18
Interest Income:
Loans, net of unearned income (b)	$	334,167		$	333,935		$	333,088		$	326,069		$	301,411		*			11		%
Loans held-for-sale (c)	9,877			11,759			9,977			11,228			12,144			(16	)	%	(19	)	%
Investment securities:
U.S. government agencies	30,107			30,744			31,106			31,692			31,870			(2	)	%	(6	)	%
States and municipalities	362			300			129			13			—			21		%	NM
Corporate bonds	712			716			714			720			745			(1	)	%	(4	)	%
Other	895			955			592			342			363			(6	)	%	NM
Total investment securities	32,076			32,715			32,541			32,767			32,978			(2	)	%	(3	)	%
Trading securities	13,712			15,533			14,305			14,967			14,537			(12	)	%	(6	)	%
Other earning assets:
Federal funds sold	733			304			273			207			145			NM			NM
Securities purchased under agreements to resell	2,336			3,197			3,510			2,944			2,503			(27	)	%	(7	)	%
Interest-bearing cash	10,209			5,884			2,257			1,950			1,684			74		%	NM
Total other earning assets	13,278			9,385			6,040			5,101			4,332			41		%	NM
Interest income	$	403,110		$	403,327		$	395,951		$	390,132		$	365,402		*			10		%
Interest Expense:
Interest-bearing deposits:
Consumer interest	$	24,641		$	21,607		$	17,968		$	14,153		$	7,534		14		%	NM
Commercial interest	28,153			22,706			18,302			14,737			12,127			24		%	NM
Market-indexed (d)	29,416			29,366			22,820			19,859			15,372			*			91		%
Total interest-bearing deposits	82,210			73,679			59,090			48,749			35,033			12		%	NM
Federal funds purchased	2,287			1,933			2,355			1,640			1,738			18		%	32		%
Securities sold under agreements to repurchase	3,496			3,329			2,780			1,997			1,901			5		%	84		%
Trading liabilities	2,816			4,320			5,125			4,790			5,124			(35	)	%	(45	)	%
Other short-term borrowings	961			1,571			4,627			6,473			6,403			(39	)	%	(85	)	%
Term borrowings	14,337			13,842			13,992			13,230			11,983			4		%	20		%
Interest expense	106,107			98,674			87,969			76,879			62,182			8		%	71		%
Net interest income - tax equivalent basis	297,003			304,653			307,982			313,253			303,220			(3	)	%	(2	)	%
Fully taxable equivalent adjustment	(2,495		)	(2,141		)	(2,282		)	(2,321		)	(2,047		)	(17	)	%	(22	)	%
Net interest income	$	294,508		$	302,512		$	305,700		$	310,932		$	301,173		(3	)	%	(2	)	%

NM - Not meaningful

*Amount is less than one percent.

(a) Net interest income adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 21 percent and, where applicable, state income taxes.

(b) Includes interest on loans in nonaccrual status.

(c) 3Q18 decrease largely driven by the sale of approximately $120 million UPB of loans in 2Q18.

(d) Market-indexed deposits are tied to an index not administered by FHN and are comprised of insured network deposits, correspondent banking deposits, and trust/sweep deposits.

10

FHN CONSOLIDATED AVERAGE BALANCE SHEET: YIELDS AND RATES

Quarterly, Unaudited 

	1Q19		4Q18		3Q18		2Q18		1Q18
Assets:
Earning assets (a)
Loans, net of unearned income (b)
Commercial loans	5.08	%	5.00	%	4.95	%	4.88	%	4.53	%
Consumer loans	4.59		4.54		4.51		4.52		4.48
Total loans, net of unearned income (c)	4.96		4.88		4.84		4.79		4.51
Loans held-for-sale	5.89		6.58		5.49		6.18		6.68
Investment securities:
U.S. government agencies	2.68		2.74		2.71		2.69		2.66
States and municipalities	4.33		4.36		3.60		3.12		3.37
Corporate bonds	4.37		4.40		4.36		4.38		4.54
Other	34.56		33.16		31.97		32.48		27.65
Total investment securities	2.79		2.85		2.78		2.74		2.71
Trading securities	3.80		3.80		3.81		3.82		3.40
Other earning assets:
Federal funds sold	2.63		2.76		2.50		2.36		2.11
Securities purchased under agreements to resell	2.21		2.08		1.82		1.62		1.15
Interest-bearing cash	2.41		2.17		1.84		1.75		1.42
Total other earning assets	2.38		2.16		1.85		1.69		1.26
Interest income/total earning assets	4.49	%	4.47	%	4.43	%	4.39	%	4.13	%
Liabilities:
Interest-bearing liabilities:
Interest-bearing deposits:
Consumer interest	0.75	%	0.66	%	0.56	%	0.45	%	0.24	%
Commercial interest	1.74		1.53		1.30		1.05		0.89
Market-indexed (d)	2.52		2.35		2.02		1.77		1.47
Total interest-bearing deposits	1.35		1.23		1.03		0.86		0.64
Federal funds purchased	2.50		2.30		2.05		1.79		1.52
Securities sold under agreements to repurchase	2.06		1.86		1.53		1.20		1.02
Trading liabilities	3.04		3.15		2.90		2.88		2.53
Other short-term borrowings	3.40		2.55		2.13		1.86		1.53
Term borrowings (e)	4.89		4.72		4.53		4.34		3.93
Interest expense/total interest-bearing liabilities	1.57		1.46		1.31		1.14		0.92
Net interest spread	2.92	%	3.01	%	3.12	%	3.25	%	3.21	%
Effect of interest-free sources used to fund earning assets	0.39		0.37		0.32		0.28		0.22
Net interest margin	3.31	%	3.38	%	3.44	%	3.53	%	3.43	%
Total loan yield	4.96	%	4.88	%	4.84	%	4.79	%	4.51	%
Total deposit cost	1.03	%	0.92	%	0.76	%	0.64	%	0.47	%

Yields are adjusted to a FTE basis assuming a statutory federal income tax rate of 21 percent and, where applicable, state income taxes.

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

(b) Includes loan fees and cash basis interest income.

(c) Includes loans on nonaccrual status.

(d) Market-indexed deposits are tied to an index not administered by FHN and are comprised of insured network deposits, correspondent banking deposits, and trust/sweep deposits.

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

11

FHN CAPITAL HIGHLIGHTS

Quarterly, Unaudited 

																1Q19 Changes vs.
(Dollars and shares in thousands)	1Q19			4Q18			3Q18			2Q18			1Q18			4Q18			1Q18
Common equity tier 1 capital (a) (b) (c)	$	3,239,249		$	3,223,702		$	3,252,825		$	3,002,958		$	2,991,223		*			8		%
Tier 1 capital (a) (b) (c)	3,583,000			3,565,373			3,589,565			3,338,179			3,324,349			*			8		%
Total capital (a) (c)	3,963,175			3,940,117			3,973,141			3,760,651			3,746,007			1		%	6		%
Risk-weighted assets (“RWA”) (a) (b)	33,518,750			33,002,595			33,041,617			33,437,145			33,293,821			2		%	1		%
Average assets for leverage (a) (b)	39,717,386			39,221,755			38,962,431			39,003,215			39,127,510			1		%	2		%
Common equity tier 1 ratio (a) (b) (c)	9.66		%	9.77		%	9.84		%	8.98		%	8.98		%
Tier 1 ratio (a) (b) (c)	10.69		%	10.80		%	10.86		%	9.98		%	9.98		%
Total capital ratio (a) (c)	11.82		%	11.94		%	12.02		%	11.25		%	11.25		%
Leverage ratio (a) (b)	9.02		%	9.09		%	9.21		%	8.56		%	8.50		%
Total equity to total assets (c)	11.79		%	11.72		%	11.67		%	11.08		%	11.30		%
Tangible common equity/tangible assets (“TCE/TA”) (c) (d)	7.27		%	7.15		%	7.12		%	6.54		%	6.71		%
Period-end shares outstanding (e)	315,361			318,573			323,943			325,003			327,194			(1	)	%	(4	)	%
Cash dividends declared per common share	$	0.14		$	0.12		$	0.12		$	0.12		$	0.12		17		%	17		%
Book value per common share (c)	$	14.13		$	13.79		$	13.43		$	12.80		$	12.78
Tangible book value per common share (c) (d)	$	9.11		$	8.81		$	8.58		$	7.94		$	7.97
Market capitalization (millions)	$	4,408.7		$	4,192.4		$	5,591.3		$	5,798.1		$	6,161.1

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

* Amount is less than one percent.

(a) Current quarter is an estimate.

(b) See Glossary of Terms for definition.

(c) 3Q18 includes the effect of the pre-tax gain of $212.9 million from the sale of Visa Class B Shares.

(d) TCE/TA and Tangible book value per common share are non-GAAP measures and are reconciled to Total equity to total assets (GAAP) and to Book value per common share (GAAP), respectively, in the Non-GAAP to GAAP reconciliation on page 21 of this financial supplement.

(e) 1Q19 and 4Q18 decreases largely attributable to shares repurchased under share repurchase programs.

12

FHN BUSINESS SEGMENT HIGHLIGHTS

Quarterly, Unaudited 

																1Q19 Changes vs.
(Thousands)	1Q19			4Q18			3Q18			2Q18			1Q18			4Q18			1Q18
Regional Banking
Net interest income	$	287,157		$	299,640		$	302,472		$	306,990		$	293,194		(4	)	%	(2	)	%
Noninterest income (a)	72,117			69,208			79,850			80,274			79,963			4		%	(10	)	%
Total revenues	359,274			368,848			382,322			387,264			373,157			(3	)	%	(4	)	%
Provision for loan losses	13,958			7,850			8,045			4,925			4,458			78		%	NM
Noninterest expense	199,959			206,372			207,807			209,492			201,749			(3	)	%	(1	)	%
Income before income taxes	145,357			154,626			166,470			172,847			166,950			(6	)	%	(13	)	%
Provision for income taxes	33,693			36,281			39,051			40,621			39,340			(7	)	%	(14	)	%
Net income	$	111,664		$	118,345		$	127,419		$	132,226		$	127,610		(6	)	%	(12	)	%
Fixed Income
Net interest income	$	7,322		$	9,002		$	9,044		$	9,183		$	8,475		(19	)	%	(14	)	%
Noninterest income	53,807			39,678			41,124			38,363			45,605			36		%	18		%
Total revenues	61,129			48,680			50,168			47,546			54,080			26		%	13		%
Noninterest expense	51,227			46,947			47,028			47,522			49,931			9		%	3		%
Income before income taxes	9,902			1,733			3,140			24			4,149			NM			NM
Provision/(benefit) for income taxes	2,283			299			601			(219		)	896			NM			NM
Net income	$	7,619		$	1,434		$	2,539		$	243		$	3,253		NM			NM
Corporate
Net interest income/(expense)	$	(7,853	)	$	(15,334	)	$	(15,440	)	$	(17,161	)	$	(16,184	)	49		%	51		%
Noninterest income (b)	13,352			(1,411		)	222,620			8,738			9,316			NM			43		%
Total revenues	5,499			(16,745		)	207,180			(8,423		)	(6,868		)	NM			NM
Noninterest expense (c) (d)	40,351			23,127			33,537			67,835			53,329			74		%	(24	)	%
Income/(loss) before income taxes	(34,852		)	(39,872		)	173,643			(76,258		)	(60,197		)	13		%	42		%
Provision/ (benefit) for income taxes (e)	(11,403		)	(14,599		)	40,470			(22,948		)	(13,771		)	22		%	17		%
Net income/(loss)	$	(23,449	)	$	(25,273	)	$	133,173		$	(53,310	)	$	(46,426	)	7		%	49		%
Non-Strategic
Net interest income	$	7,882		$	9,204		$	9,624		$	11,920		$	15,688		(14	)	%	(50	)	%
Noninterest income (f)	1,769			2,799			5,378			150			1,133			(37	)	%	56		%
Total revenues	9,651			12,003			15,002			12,070			16,821			(20	)	%	(43	)	%
Provision/(provision credit) for loan losses	(4,958		)	(1,850		)	(6,045		)	(4,925		)	(5,458		)	NM			9		%
Noninterest expense	4,553			5,486			5,659			7,919			8,256			(17	)	%	(45	)	%
Income before income taxes	10,056			8,367			15,388			9,076			14,023			20		%	(28	)	%
Provision for income taxes	2,485			2,068			3,803			2,243			3,466			20		%	(28	)	%
Net income	$	7,571		$	6,299		$	11,585		$	6,833		$	10,557		20		%	(28	)	%
Total Consolidated
Net interest income	$	294,508		$	302,512		$	305,700		$	310,932		$	301,173		(3	)	%	(2	)	%
Noninterest income	141,045			110,274			348,972			127,525			136,017			28		%	4		%
Total revenues	435,553			412,786			654,672			438,457			437,190			6		%	*
Provision/(provision credit) for loan losses	9,000			6,000			2,000			—			(1,000		)	50		%	NM
Noninterest expense	296,090			281,932			294,031			332,768			313,265			5		%	(5	)	%
Income before income taxes	130,463			124,854			358,641			105,689			124,925			4		%	4		%
Provision for income taxes	27,058			24,049			83,925			19,697			29,931			13		%	(10	)	%
Net income	$	103,405		$	100,805		$	274,716		$	85,992		$	94,994		3		%	9		%

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

NM - Not meaningful

* Amount is less than one percent.

(a) 4Q18 includes an $8.7 million unfavorable adjustment related to the return of excess fees received on Capital Bank debit card transactions.

(b) 1Q19 includes higher deferred compensation income driven by equity market valuations; 4Q18 includes lower deferred compensation income driven by equity market valuations and a $1.8 million negative valuation adjustment on HFS consumer loans included in the Non-Strategic segment; 3Q18 includes a pre-tax gain of $212.9 million from the sale of Visa Class B Shares.

(c) Quarterly balances include acquisition- and integration-related expenses primarily associated with the CBF acquisition.

(d) 1Q19 includes $12.2 million of restructuring costs associated with efficiency initiatives.

(e) 3Q18 reflects the tax effect on the gain on the sale of Visa Class B Shares.

(f) 3Q18 includes a $3.8 million gain from the reversal of a previous valuation adjustment due to sales of TRUPS loans.

13

FHN REGIONAL BANKING

Quarterly, Unaudited 

												1Q19 Changes vs.
	1Q19		4Q18			3Q18		2Q18		1Q18		4Q18			1Q18
Income Statement (thousands)
Net interest income	$	287,157	$	299,640		$	302,472	$	306,990	$	293,194	(4	)	%	(2	)	%
Provision for loan losses	13,958		7,850			8,045		4,925		4,458		78		%	NM
Noninterest income:
NSF / Overdraft fees (a)	11,579		14,129			13,584		12,663		12,255		(18	)	%	(6	)	%
Cash management fees	8,857		9,073			9,238		9,193		9,269		(2	)	%	(4	)	%
Debit card income (b)	5,372		(3,142		)	7,811		8,395		8,409		NM			(36	)	%
Other	4,197		3,555			3,358		4,261		4,789		18		%	(12	)	%
Total deposit transactions and cash management	30,005		23,615			33,991		34,512		34,722		27		%	(14	)	%
Brokerage, management fees and commissions	12,630		13,377			14,199		13,740		13,483		(6	)	%	(6	)	%
Trust services and investment management	7,056		6,961			7,453		8,147		7,292		1		%	(3	)	%
Bankcard income	6,102		6,927			7,000		6,642		6,279		(12	)	%	(3	)	%
Other service charges	3,713		3,258			3,449		3,559		4,586		14		%	(19	)	%
Miscellaneous revenue	12,611		15,070			13,758		13,674		13,601		(16	)	%	(7	)	%
Total noninterest income	72,117		69,208			79,850		80,274		79,963		4		%	(10	)	%
Noninterest expense:
Employee compensation, incentives, and benefits	82,351		82,856			81,674		81,845		81,208		(1	)	%	1		%
Other (c)	117,608		123,516			126,133		127,647		120,541		(5	)	%	(2	)	%
Total noninterest expense	199,959		206,372			207,807		209,492		201,749		(3	)	%	(1	)	%
Income before income taxes	$	145,357	$	154,626		$	166,470	$	172,847	$	166,950	(6	)	%	(13	)	%
PPNR (d)	159,315		162,476			174,515		177,772		171,408		(2	)	%	(7	)	%
Balance Sheet (millions)
Average loans	$	26,189	$	25,970		$	26,067	$	25,925	$	25,590	1		%	2		%
Average other earning assets	39		41			59		57		48		(5	)	%	(19	)	%
Total average earning assets	26,228		26,011			26,126		25,982		25,638		1		%	2		%
Total average deposits	29,614		28,348			27,594		27,427		27,120		4		%	9		%
Total period-end deposits	30,376		29,370			27,758		27,861		27,653		3		%	10		%
Total period-end assets	29,624		29,205			28,859		29,067		28,386		1		%	4		%
Key Statistics
Return on average assets (quarters are annualized) (e)	1.57%		1.64%			1.76%		1.86%		1.84%
Return on allocated equity (e) (f)	15.33%		15.84%			16.73%		17.31%		16.92%
Fee income to total revenue (e)	20.07%		18.76%			20.89%		20.73%		21.43%
Efficiency ratio (e)	55.66%		55.95%			54.35%		54.10%		54.12%
Net interest margin (g)	4.47%		4.60%			4.63%		4.77%		4.67%
Net interest spread	3.98%		4.04%			4.09%		4.15%		4.03%
Loan average yield	4.86%		4.78%			4.70%		4.65%		4.39%
Deposit average rate	0.88%		0.74%			0.61%		0.50%		0.36%
Regional banking net charge-offs/(recoveries)	$	5,540	$	12,597		$	3,693	$	4,325	$	2,696	(56	)	%	NM
Financial center locations (h)	292		292			292		292		345		*			(15	)	%

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

NM - Not meaningful

* Amount is less than one percent

(a) Variability is driven by changes in consumer behavior and seasonality.

(b) 4Q18 includes an $8.7 million unfavorable adjustment related to the return of excess fees received on Capital Bank debit card transactions.

(c) 3Q18 includes a $1.6 million expense reversal related to a recovery of prior litigation losses.

(d) Pre-provision net revenue is not a GAAP number but is used in regulatory stress test reporting. The presentation of PPNR in this Financial Supplement follows the regulatory definition.

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

(f) Segment equity is allocated based on an internal allocation methodology.

(g) Net interest margin is computed using total net interest income adjusted for FTE assuming a statutory federal income tax rate of 21 percent, and, where applicable, state income taxes.

(h) 2Q18 decrease driven by branch consolidation and integration efforts.

14

FHN FIXED INCOME

Quarterly, Unaudited

																1Q19 Changes vs.
	1Q19			4Q18			3Q18			2Q18			1Q18			4Q18			1Q18
Income Statement (thousands)
Net interest income	$	7,322		$	9,002		$	9,044		$	9,183		$	8,475		(19	)	%	(14	)	%
Noninterest income:
Fixed income product revenue	44,472			30,028			34,268			29,940			38,047			48		%	17		%
Other	9,335			9,650			6,856			8,423			7,558			(3	)	%	24		%
Total noninterest income	53,807			39,678			41,124			38,363			45,605			36		%	18		%
Noninterest expense	51,227			46,947			47,028			47,522			49,931			9		%	3		%
Income before income taxes	$	9,902		$	1,733		$	3,140		$	24		$	4,149		NM			NM
Fixed income product average daily revenue	$	729		$	492		$	544		$	468		$	624		48		%	17		%
Balance Sheet (millions)
Average trading inventory	$	1,443		$	1,633		$	1,500		$	1,566		$	1,710		(12	)	%	(16	)	%
Average loans held-for-sale	571			608			617			539			487			(6	)	%	17		%
Average other earning assets	491			675			826			797			933			(27	)	%	(47	)	%
Total average earning assets	2,505			2,916			2,943			2,902			3,130			(14	)	%	(20	)	%
Total period-end assets	3,095			2,791			3,744			3,463			3,653			11		%	(15	)	%
Key Statistics
Return on average assets (a)	1.08		%	0.18		%	0.31		%	0.03		%	0.38		%
Return on allocated equity (a) (b)	15.49		%	2.75		%	4.79		%	0.46		%	6.11		%
Efficiency ratio (a)	83.80		%	96.44		%	93.74		%	99.95		%	92.33		%
Net interest margin (c)	1.19		%	1.25		%	1.26		%	1.30		%	1.09		%

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

NM - Not meaningful

(a) See Glossary of Terms for definitions of Key Ratios.

(b) Segment equity is allocated based on an internal allocation methodology.

(c) Net interest margin is computed using total net interest income adjusted for FTE assuming a statutory federal income tax rate of 21 percent, and, where applicable, state income taxes.

FHN CORPORATE

Quarterly, Unaudited

																1Q19 Changes vs.
	1Q19			4Q18			3Q18			2Q18			1Q18			4Q18		1Q18
Income Statement (thousands)
Net interest income/(expense)	$	(7,853	)	$	(15,334	)	$	(15,440	)	$	(17,161	)	$	(16,184	)	49	%	51		%
Noninterest income excluding securities gains/(losses) (a)	13,321			(1,383		)	9,762			8,706			9,230			NM		44		%
Securities gains/(losses), net (b)	31			(28		)	212,858			32			86			NM		(64	)	%
Noninterest expense (c)	40,351			23,127			33,537			67,835			53,329			74	%	(24	)	%
Income/(loss) before income taxes	$	(34,852	)	$	(39,872	)	$	173,643		$	(76,258	)	$	(60,197	)	13	%	42		%
Average Balance Sheet (millions)
Average investment securities	$	4,594		$	4,582		$	4,675		$	4,773		$	4,859		*		(5	)	%
Total earning assets	$	6,463		$	5,732		$	5,213		$	5,254		$	5,385		13	%	20		%
Deferred Compensation (thousands)
Other Income	$	5,474		$	(6,124	)	$	1,458		$	991		$	451		NM		NM
Employee compensation, incentives, and benefits	$	6,221		$	(6,983	)	$	1,968		$	866		$	854		NM		NM

Estimated effective duration of securities portfolio 3.5 years in 1Q19 compared to 4.1 years in 4Q18

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

NM - Not Meaningful

* Amount is less than one percent.

(a) 1Q19 includes higher deferred compensation income driven by equity market valuations; 4Q18 includes lower deferred compensation income driven by equity market valuations and a $1.8 million negative valuation adjustment on HFS consumer loans included in the Non-Strategic segment; 3Q18 and 1Q18 include $.8 million and $3.3 million, respectively, of gains on the sales of buildings; 4Q18 and 2Q18 include $1.0 million and $2.5 million, respectively, of BOLI policy gains.

(b) 3Q18 includes a pre-tax gain of $212.9 million from the sale of Visa Class B Shares.

(c) Quarterly balances include acquisition- and integration-related expenses primarily associated with the CBF acquisition; 1Q19 includes $12.2 million of restructuring costs associated with efficiency initiatives; 2Q18 includes $4.1 million of valuation adjustments associated with derivatives related to prior sales of Visa Class B shares.

15

FHN NON-STRATEGIC

Quarterly, Unaudited

																1Q19 Changes vs.
	1Q19			4Q18			3Q18			2Q18			1Q18			4Q18			1Q18
Income Statement (thousands)
Net interest income	$	7,882		$	9,204		$	9,624		$	11,920		$	15,688		(14	)	%	(50	)	%
Provision/(provision credit) for loan losses	(4,958		)	(1,850		)	(6,045		)	(4,925		)	(5,458		)	NM			9		%
Noninterest income (a)	1,769			2,799			5,378			150			1,133			(37	)	%	56		%
Noninterest expense	4,553			5,486			5,659			7,919			8,256			(17	)	%	(45	)	%
Income before income taxes	$	10,056		$	8,367		$	15,388		$	9,076		$	14,023		20		%	(28	)	%
Average Balance Sheet (millions)
Loans	$	1,005		$	1,068		$	1,170		$	1,274		$	1,372		(6	)	%	(27	)	%
Other assets	89			95			97			175			212			(6	)	%	(58	)	%
Total assets	1,094			1,163			1,267			1,449			1,584			(6	)	%	(31	)	%
Key Statistics
Return on average assets (b)	2.81		%	2.15		%	3.63		%	1.89		%	2.70		%
Return on allocated equity (b) (c)	34.78		%	26.02		%	36.02		%	19.89		%	32.07		%
Fee income to total revenue (b)	18.33		%	23.32		%	35.85		%	1.24		%	6.74		%
Efficiency ratio (b)	47.18		%	45.71		%	37.72		%	65.61		%	49.08		%
Net interest margin (d)	2.90		%	3.15		%	3.02		%	3.30		%	3.96		%
Net charge-offs/(recoveries)	$	(1,027	)	$	(1,062	)	$	(2,190	)	$	(2,593	)	$	(1,335	)	3		%	23		%

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

NM - Not meaningful

(a) 3Q18 includes a $3.8 million gain from the reversal of a previous valuation adjustment due to sales of TRUPS loans.

(b) See Glossary of Terms for definitions of Key Ratios.

(c) Segment equity is allocated based on an internal allocation methodology.

(d) Net interest margin is computed using total net interest income adjusted for FTE assuming a statutory federal income tax rate of 21 percent, and, where applicable, state income taxes.

16

FHN ASSET QUALITY: CONSOLIDATED

Quarterly, Unaudited 

																					1Q19 Changes vs.
(Dollars in thousands)	1Q19				4Q18				3Q18				2Q18				1Q18				4Q18	1Q18
Allowance for Loan Losses Walk-Forward
Beginning reserve	$	180,424			$	185,959			$	185,462			$	187,194			$	189,555			(3)%	(5)%
Provision/(provision credit) for loan losses	9,000				6,000				2,000				—				(1,000			)	NM	NM
Charge-offs	(10,527			)	(17,824			)	(9,482			)	(10,008			)	(8,483			)	41%	(24)%
Recoveries	6,014				6,289				7,979				8,276				7,122				(4)%	(16)%
Ending balance	$	184,911			$	180,424			$	185,959			$	185,462			$	187,194			2%	(1)%
Reserve for unfunded commitments	8,014				7,618				7,581				6,536				4,613				5%	74%
Total allowance for loan losses plus reserve for unfunded commitments	$	192,925			$	188,042			$	193,540			$	191,998			$	191,807			3%	1%
Allowance for Loan Losses
Regional Banking	$	164,495			$	156,077			$	160,824			$	156,473			$	155,873			5%	6%
Non-Strategic	20,416				24,347				25,135				28,989				31,321				(16)%	(35)%
Total allowance for loan losses	$	184,911			$	180,424			$	185,959			$	185,462			$	187,194			2%	(1)%
Nonperforming Assets
Regional Banking
Nonperforming loans	$	115,977			$	79,339			$	76,145			$	50,856			$	57,372			46%	NM
OREO	16,698				18,535				20,571				22,095				27,614				(10)%	(40)%
Total Regional Banking	$	132,675			$	97,874			$	96,716			$	72,951			$	84,986			36%	56%
Non-Strategic
Nonperforming loans	$	63,961			$	66,703			$	68,485			$	72,190			$	72,519			(4)%	(12)%
Nonperforming loans held-for-sale after fair value adjustments	5,219				5,328				5,675				5,769				8,258				(2)%	(37)%
OREO	3,977				3,852				5,155				4,361				4,761				3%	(16)%
Total Non-Strategic	$	73,157			$	75,883			$	79,315			$	82,320			$	85,538			(4)%	(14)%
Corporate
Nonperforming loans	$	1,687			$	1,707			$	1,727			$	1,746			$	2,140			(1)%	(21)%
Total nonperforming assets	$	207,519			$	175,464			$	177,758			$	157,017			$	172,664			18%	20%
Net Charge-Offs
Regional Banking	$	5,540			$	12,597			$	3,693			$	4,325			$	2,696			(56)%	NM
Non-Strategic	(1,027			)	(1,062			)	(2,190			)	(2,593			)	(1,335			)	3%	23%
Total net charge-offs/(recoveries)	$	4,513			$	11,535			$	1,503			$	1,732			$	1,361			(61)%	NM
Consolidated Key Ratios (a)
30+ Delinq. % (b)	0.23		%		0.27		%		0.35		%		0.31		%		0.29		%
NPL % (c)	0.65				0.54				0.54				0.45				0.48
NPA %	0.72				0.62				0.63				0.55				0.60
Net charge-offs % (d)	0.07				0.17				0.02				0.03				0.02
Allowance / loans %	0.66				0.66				0.68				0.67				0.69
Allowance / NPL	1.02		x		1.22		x		1.27		x		1.49		x		1.42		x
Allowance / NPA	0.91		x		1.06		x		1.08		x		1.23		x		1.14		x
Allowance / net charge-offs	10.10		x		3.94		x		31.20		x		26.70		x		33.90		x
Other
Loans past due 90 days or more and still accruing (e)	$	30,896			$	39,992			$	49,352			$	44,467			$	52,700			NM	NM
Guaranteed portion (e)	5,725				7,237				7,772				8,412				9,076
Period-end loans, net of unearned income (millions)	27,990				27,536				27,350				27,702				27,250				2%	3%
30+ delinquencies (thousands)	$	63,693			$	75,164			$	95,092			$	85,139			$	79,352			(15)%	(20)%

NM - Not meaningful

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

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

(c) 3Q18 increase in NPLs as a percentage of total loans was driven by one large credit.

(d) 4Q18 increase in charge-offs as a percentage of total loans was primarily driven by two credits.

(e) Includes loans held-for-sale.

17

FHN ASSET QUALITY: CONSOLIDATED

Quarterly, Unaudited 

																1Q19 Changes vs.
	1Q19			4Q18			3Q18			2Q18			1Q18			4Q18	1Q18
Key Portfolio Details
C&I
Period-end loans ($ millions)	$	17,176		$	16,515		$	16,044		$	16,439		$	15,828		4%	9%
30+ Delinq. % (a)	0.07		%	0.06		%	0.15		%	0.14		%	0.16		%
NPL % (b) (e)	0.44			0.24			0.26			0.12			0.18
Charge-offs % (qtr. annualized) (d)	0.06			0.20			0.01			0.06			0.01
Allowance / loans %	0.60		%	0.60		%	0.63		%	0.59		%	0.63		%
Allowance / net charge-offs	11.26		x	3.06		x	74.66		x	10.73		x	44.48		x
Commercial Real Estate
Period-end loans ($ millions)	$	3,947		$	4,031		$	4,237		$	4,136		$	4,234		(2)%	(7)%
30+ Delinq. % (a) (c)	0.04		%	0.06		%	0.20		%	0.06		%	0.08		%
NPL %	0.07			0.07			0.02			0.03			0.02
Charge-offs % (qtr. annualized)	0.04			0.05			NM			0.01			0.00
Allowance / loans %	0.87		%	0.78		%	0.80		%	0.82		%	0.69		%
Allowance / net charge-offs	22.50			15.45		x	NM			55.04		x	NM
Consumer Real Estate
Period-end loans ($ millions)	$	6,152		$	6,250		$	6,301		$	6,328		$	6,356		(2)%	(3)%
30+ Delinq. % (a)	0.66		%	0.74		%	0.73		%	0.67		%	0.56		%
NPL %	1.34			1.32			1.27			1.25			1.20
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			NM
Allowance / loans %	0.39		%	0.42		%	0.46		%	0.54		%	0.55		%
Allowance / net charge-offs	NM			NM			NM			NM			NM
Permanent Mortgage
Period-end loans ($ millions)	$	209		$	222		$	237		$	250		$	271		(6)%	(23)%
30+ Delinq. % (a)	1.95		%	3.21		%	3.56		%	2.59		%	3.65		%
NPL %	10.01			9.76			9.41			9.76			9.32
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			0.14
Allowance / loans %	4.82		%	4.95		%	4.68		%	4.68		%	4.80		%
Allowance / net charge-offs	NM			NM			NM			NM			33.80		x
Credit Card and Other
Period-end loans ($ millions)	$	506		$	518		$	531		$	549		$	561		(2)%	(10)%
30+ Delinq. % (a)	1.20		%	1.63		%	1.64		%	1.80		%	0.98		%
NPL %	0.09			0.12			0.13			0.07			0.18
Charge-offs % (qtr. annualized)	2.44			3.32			3.32			2.61			2.15
Allowance / loans %	2.50		%	2.46		%	2.21		%	1.63		%	1.73		%
Allowance / net charge-offs	1.01		x	0.73		x	0.66		x	0.62		x	0.76		x

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

NM - Not meaningful

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

(b) 3Q18 increase in NPLs as a percentages of total loans was driven by one large credit.

(c) 3Q18 increase in delinquencies primarily driven by two credits.

(d) 4Q18 increase in charge-offs as a percentage of loans was primarily driven by two credits.

(e) 1Q19 increase in NPLs as a percentages of total loans was primarily driven by three credits.

18

FHN ASSET QUALITY: REGIONAL BANKING

Quarterly, Unaudited 

																1Q19 Changes vs.
	1Q19			4Q18			3Q18			2Q18			1Q18			4Q18	1Q18
Total Regional Banking (a)
Period-end loans ($ millions)	$	26,980		$	26,463		$	26,203		$	26,427		$	25,888		2%	4%
30+ Delinq. % (b)	0.17		%	0.19		%	0.26		%	0.22		%	0.20		%
NPL % (c) (f)	0.43			0.30			0.29			0.19			0.22
Charge-offs % (qtr. annualized) (e)	0.09			0.19			0.06			0.07			0.04
Allowance / loans %	0.61		%	0.59		%	0.61		%	0.59		%	0.60		%
Allowance / net charge-offs	7.32		x	3.12		x	10.98		x	9.02		x	14.25		x
Key Portfolio Details
C&I
Period-end loans ($ millions)	$	16,814		$	16,151		$	15,675		$	16,020		$	15,410		4%	9%
30+ Delinq. % (b)	0.06		%	0.06		%	0.15		%	0.15		%	0.16		%
NPL % (c) (f)	0.43			0.23			0.25			0.10			0.16
Charge-offs % (qtr. annualized) (e)	0.06			0.21			0.01			0.06			0.02
Allowance / loans %	0.61		%	0.60		%	0.63		%	0.60		%	0.64		%
Allowance / net charge-offs	10.98		x	3.01		x	71.90		x	10.57		x	43.61
Commercial Real Estate
Period-end loans ($ millions)	$	3,947		$	4,031		$	4,237		$	4,136		$	4,234		(2)%	(7)%
30+ Delinq. % (b) (d)	0.04		%	0.06		%	0.20		%	0.06		%	0.08		%
NPL %	0.07			0.07			0.02			0.03			0.02
Charge-offs % (qtr. annualized)	0.04			0.05			NM			0.01			—
Allowance / loans %	0.87		%	0.78		%	0.80		%	0.82		%	0.69		%
Allowance / net charge-offs	22.50			15.10			NM			NM			187.01
Consumer Real Estate
Period-end loans ($ millions)	$	5,780		$	5,845		$	5,859		$	5,839		$	5,815		(1)%	(1)%
30+ Delinq. % (b)	0.52		%	0.58		%	0.56		%	0.51		%	0.37		%
NPL %	0.71			0.67			0.61			0.56			0.52
Charge-offs % (qtr. annualized)	0.04			0.07			0.03			NM			NM
Allowance / loans %	0.26		%	0.25		%	0.28		%	0.31		%	0.31		%
Allowance / net charge-offs	6.17			3.38			10.63		x	NM			NM
Credit Card, Permanent Mortgage, and Other (a)
Period-end loans ($ millions)	$	439		$	436		$	432		$	432		$	429		1%	2%
30+ Delinq. % (b)	0.74		%	0.95		%	0.80		%	0.80		%	0.70		%
NPL %	0.08			0.09			0.08			0.11			0.25
Charge-offs % (qtr. annualized)	2.08			2.55			2.98			2.25			2.32
Allowance / loans %	2.87		%	2.90		%	2.64		%	2.08		%	2.28		%
Allowance / net charge-offs	1.38		x	1.13		x	0.90		x	0.93		x	0.96		x
ASSET QUALITY: CORPORATE
Permanent Mortgage
Period-end loans ($ millions)	$	38		$	39		$	42		$	44		$	49		(3)%	(22)%
30+ Delinq. % (b)	4.54		%	4.37		%	4.21		%	3.32		%	5.51		%
NPL %	4.49			4.35			4.12			3.94			4.41
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			NM
Allowance / loans %	NM			NM			NM			NM			NM
Allowance / net charge-offs	NM			NM			NM			NM			NM

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

NM - Not meaningful

(a) In 3Q18, the acquired CBF indirect auto portfolio was retrospectively reclassed through 4Q17 from the Regional Banking segment to the Non-Strategic segment.

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

(c) 3Q18 increase in NPLs as a percentages of total loans was driven by one large credit.

(d) 3Q18 increase in delinquencies primarily driven by two credits.

(e) 4Q18 increase in charge-offs as a percentage of loans was primarily driven by two credits.

(f) 1Q19 increases in NPLs as a percentage of total loans was primarily driven by three credits

19

FHN ASSET QUALITY: NON-STRATEGIC

Quarterly, Unaudited 

																1Q19 Changes vs.
	1Q19			4Q18			3Q18			2Q18			1Q18			4Q18	1Q18
Total Non-Strategic (a)
Period-end loans ($ millions)	$	972		$	1,034		$	1,105		$	1,231		$	1,313		(6)%	(26)%
30+ Delinq. % (b)	1.76		%	2.31		%	2.31		%	1.97		%	1.82		%
NPL %	6.58			6.46			6.20			5.87			5.52
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			NM
Allowance / loans %	2.10		%	2.36		%	2.27		%	2.36		%	2.38		%
Allowance / net charge-offs	NM			NM			NM			NM			NM
Key Portfolio Details
Commercial
Period-end loans ($ millions)	$	362		$	363		$	369		$	419		$	418		*	(13)%
30+ Delinq. % (b)	0.46		%	0.47		%	—		%	—		%	—		%
NPL %	0.78			0.80			0.80			0.71			0.72
Charge-offs % (qtr. annualized)	NM			NM			NM			—			—
Allowance / loans %	0.36		%	0.37		%	0.35		%	0.31		%	0.30		%
Allowance / net charge-offs	NM			NM			NM			NM			NM
Consumer Real Estate
Period-end loans ($ millions)	$	372		$	405		$	442		$	489		$	540		(8)%	(31)%
30+ Delinq. % (b)	2.77		%	3.07		%	3.06		%	2.63		%	2.64		%
NPL %	11.25			10.76			10.09			9.55			8.60
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			NM
Allowance / loans %	2.41		%	2.95		%	2.81		%	3.28		%	3.17		%
Allowance / net charge-offs	NM			NM			NM			NM			NM
Permanent Mortgage
Period-end loans ($ millions)	$	168		$	179		$	191		$	201		$	217		(6)%	(23)%
30+ Delinq. % (b)	1.14		%	2.87		%	3.31		%	2.28		%	3.16		%
NPL %	11.29			10.97			10.60			11.08			10.43
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			0.17
Allowance / loans %	5.96		%	6.10		%	5.76		%	5.77		%	5.93		%
Allowance / net charge-offs	NM			NM			NM			NM			33.55
Other Consumer (a)
Period-end loans ($ millions)	$	70		$	87		$	103		$	122		$	138		(18)%	(49)%
30+ Delinq. % (b)	4.61		%	5.35		%	5.47		%	5.63		%	2.04		%
NPL %	0.56			0.69			0.66			0.19			0.29
Charge-offs % (qtr. annualized)	4.35			6.77			4.47			3.71			1.61
Allowance / loans %	0.20		%	0.15		%	0.37		%	0.05		%	0.05		%
Allowance / net charge-offs	0.04		x	0.02		x	0.08		x	0.01			0.03

NM - Not meaningful

* Amount is less than one percent.

(a) In 3Q18, the acquired CBF indirect auto portfolio was retrospectively reclassed through 4Q17 from the Regional Banking segment to the Non-Strategic segment.

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

20

FHN NON-GAAP TO GAAP RECONCILIATION

Quarterly, Unaudited

(Dollars and shares in thousands, except per share data)	1Q19			4Q18			3Q18			2Q18			1Q18
Tangible Common Equity (Non-GAAP)
(A) Total equity (GAAP)	$	4,846,521		$	4,785,380		$	4,741,931		$	4,549,749		$	4,572,528
Less: Noncontrolling interest (a)	295,431			295,431			295,431			295,431			295,431
Less: Preferred stock (a)	95,624			95,624			95,624			95,624			95,624
(B) Total common equity	$	4,455,466		$	4,394,325		$	4,350,876		$	4,158,694		$	4,181,473
Less: Intangible assets (GAAP) (b)	1,581,606			1,587,821			1,571,317			1,577,231			1,572,916
(C) Tangible common equity (Non-GAAP)	$	2,873,860		$	2,806,504		$	2,779,559		$	2,581,463		$	2,608,557
Tangible Assets (Non-GAAP)
(D) Total assets (GAAP)	$	41,099,003		$	40,832,258		$	40,635,924		$	41,076,795		$	40,463,195
Less: Intangible assets (GAAP) (b)	1,581,606			1,587,821			1,571,317			1,577,231			1,572,916
(E) Tangible assets (Non-GAAP)	$	39,517,397		$	39,244,437		$	39,064,607		$	39,499,564		$	38,890,279
Average Tangible Common Equity (Non-GAAP)
(F) Average total equity (GAAP)	$	4,809,235		$	4,730,698		$	4,611,302		$	4,552,546		$	4,573,916
Less: Average noncontrolling interest (a)	295,431			295,431			295,431			295,431			295,431
Less: Average preferred stock (a)	95,624			95,624			95,624			95,624			95,624
(G) Total average common equity	$	4,418,180		$	4,339,643		$	4,220,247		$	4,161,491		$	4,182,861
Less: Average intangible assets (GAAP) (b)	1,584,694			1,569,533			1,572,886			1,569,449			1,568,029
(H) Average tangible common equity (Non-GAAP)	$	2,833,486		$	2,770,110		$	2,647,361		$	2,592,042		$	2,614,832
Annualized Net Income/(loss) Available to Common Shareholders
(I) Net income /(loss) available to common shareholders (annualized) (GAAP)	$	401,642		$	382,238		$	1,072,318		$	327,257		$	367,531
Period-end Shares Outstanding
(J) Period-end shares outstanding	315,361			318,573			323,943			325,003			327,194
Ratios
(I)/(G) Return on average common equity (“ROCE”) (GAAP)	9.09		%	8.81		%	25.41		%	7.86		%	8.79		%
(I)/(H) Return on average tangible common equity (“ROTCE”) (Non-GAAP)	14.17		%	13.80		%	40.51		%	12.63		%	14.06		%
(A)/(D) Total equity to total assets (GAAP)	11.79		%	11.72		%	11.67		%	11.08		%	11.30		%
(C)/(E) Tangible common equity to tangible assets (“TCE/TA”) (Non-GAAP)	7.27		%	7.15		%	7.12		%	6.54		%	6.71		%
(B)/(J) Book value per common share (GAAP)	$	14.13		$	13.79		$	13.43		$	12.80		$	12.78
(C)/(J) Tangible book value per common share (Non-GAAP)	$	9.11		$	8.81		$	8.58		$	7.94		$	7.97

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

(a) Included in Total equity on the Consolidated Balance Sheet.

(b) Includes goodwill and other intangible assets, net of amortization.

21

FHN GLOSSARY OF TERMS

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

Common Equity Tier 1 Ratio: Ratio consisting of common equity adjusted for certain unrealized gains/(losses) on available-for-sale securities, less disallowed portions of goodwill, other intangibles, and deferred tax assets as well as certain other regulatory deductions divided by risk-weighted assets.

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

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

Market-Indexed Deposits: Deposits with pricing tied to an index not administered by FHN. For FHN these are comprised of insured network deposits, correspondent banking deposits, and trust/sweep deposits.

Risk-Weighted Assets: A regulatory risk-based calculation that takes into account the broad differences in risks among a banking organization’s assets and off-balance sheet financial instruments.

Tier 1 Capital Ratio: Ratio consisting of shareholders’ equity adjusted for certain unrealized gains/(losses) on available-for-sale securities, plus qualifying portions of noncontrolling interests, less disallowed portions of goodwill, other intangible assets, and deferred tax assets as well as certain other regulatory deductions divided by risk-weighted assets.

Key Ratios

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

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

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

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

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

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

Asset Quality - Consolidated Key Ratios

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

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

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

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

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

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

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

22

EX-99.2

First Horizon National Corporation First Quarter 2019 Earnings April 16, 2019

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. Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. This presentation also includes certain non-GAAP financial measures related to “tangible common equity” and certain financial measures excluding notable items, including merger-related charges. Notable items include certain revenue or expense items that may occur in a reporting period which management does not consider indicative of ongoing financial performance. Management believes it is useful for the investment community to consider financial metrics with and without notable items in order to enable a better understanding of company results, facilitate comparability of period-to-period financial results, and to evaluate and forecast those results. Although FHN has procedures in place to ensure that these measures are calculated using the appropriate GAAP or regulatory components, they have limitations as analytical tools and should not be considered in isolation, or as a substitute for analysis of results under GAAP. For more information on these calculations and to view the reconciliations to the most comparable GAAP measures, please refer to the appendix of this presentation. This presentation contains forward-looking statements, which may include guidance, involving significant risks and uncertainties which will be identified by words such as “believe”,“expect”,“anticipate”,“intend”,“estimate”, “should”,“is likely”,“will”,“going forward” and other expressions that indicate future events and trends and may be followed by or reference cautionary statements. A number of factors could cause actual results to differ materially from those in the forward-looking statements. These factors are outlined in our recent earnings and other press releases and in more detail in the most current 10-Q and 10-K. FHN disclaims any obligation to update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements to reflect future events or developments. 2

1Q19 Highlights Delivering on Key Strategic Priorities Loan Growth  Broad-based C&I Growth (All comparisons are 1Q19 vs 4Q18) 1Q19 EPS $0.31 +3% Deposit Growth  Strong deposit gathering 2 in TN, Mid-Atlantic, & FL Adjusted EPS $0.35 – Revenue $436mm +6% Positive  Revenues up, good Adjusted Revenue2 $436mm +3% Operating Leverage expense discipline Net Income1 $99mm +3% Higher Fixed Income  Pre-Tax Income up Adjusted Net Income1,2 $113mm – $8mm LQ, with ADR up ROTCE 14.2% +37bps 48% Adjusted ROTCE2 16.1% -5bps Net Charge-Offs  7 bps Avg. Total Loans $27.3B +1% Capital Deployment  Total payout ratio at 97% Avg. Total Deposits $32.5B +2% LQ – Linked Quarter. All comparisons are 1Q19 vs 4Q18, unless otherwise noted. All Deposit and Loan growth metrics are calculated with period-end balances, unless otherwise noted. 1Net Income is defined as Net Income Available to Common Shareholders (NIAC). 2Adjusted Net Income (Adjusted NIAC), Adjusted EPS, ROTCE, and Adjusted ROTCE are Non-GAAP numbers that are reconciled in the 3 appendix. Adjusted numbers exclude notable items as outlined in the appendix.

Delivering on Key Strategic Priorities Dominate Tennessee • TN Deposit growth of 11% LQ annualized • TN Loan growth of 4% LQ annualized Profitably Grow Key Markets & Specialty Areas • Deposits up 15% in Mid-Atlantic and South Florida LQ annualized • Specialty lending growth of 14% LQ annualized Optimize The Expense Base • Targeting $50mm+ of savings to largely reinvest in technology and revenue production Deploy Capital Effectively • Tangible book value growth of 3% LQ • Total payout ratio at 97% ￮ Share buybacks of $52mm in 1Q19 ￮ Increased quarterly dividend from $0.12 to $0.14 per common share All comparisons are 1Q19 vs 4Q18, unless otherwise noted. All Deposit and Loan growth metrics are calculated with period-end balances, unless otherwise noted. LQ – Linked Quarter. 4

FINANCIAL RESULTS 5

Financial Results Actual Adjusted • Strong quarterly average loan and deposit 1Q19 4Q18 1Q19 4Q18 LQ % LQ % growth of 1% and 2%, respectively Actual Actual Adjusted¹ Adjusted¹ $ in millions except per share data Change Change ￮ Regional Bank average loans up 1% LQ Net Interest Income $295 $303 -3% $295 $303 -3% ￮ Regional Bank average deposits up 4% LQ Fee Income $141 $110 +28% $141 $121 +17% • Total revenue up 6% LQ Total Revenue $436 $413 +6% $436 $423 +3% ￮ Strong fee income increase driven by Expense $296 $282 +5% $278 $270 +3% higher revenues in Fixed Income; $729k Loan Loss Provision $9 $6 +50% $9 $6 +50% ADR, up 48% LQ and up 17% YOY Pre-Tax Income $130 $125 +4% $148 $147 +1% ￮ NII down LQ on lower loan accretion and NIAC2 $99 $96 +3% $113 $113 —% fewer days in 1Q19 EPS $0.31 $0.30 +3% $0.35 $0.35 —% • Expenses up due to restructuring charges, Avg Loans ($B) $27.3 $27.2 +1% $27.3 $27.2 +1% deferred compensation expense and higher Avg Deposits ($B) $32.5 $31.8 +2% $32.5 $31.8 +2% variable compensation in Fixed Income; all other expenses down $9mm LQ 1Q19 NIAC2 & EPS Reconciliation • Deferred compensation net pre-tax impact of Amount Amount Per Share $1mm LQ; expense increase of $13mm $ in millions except per share data Pre-tax After-tax EPS Impact offset by fee income increase of $12mm 1Q19 Adjusted1 $148 $113 $0.35 Notable Items: • Loan loss provision at $9mm; net charge-offs Restructuring ($12) ($9) ($0.03) benign at $5mm Acquisition Related Items ($6) ($4) ($0.01) 1Q19 Reported $130 $99 $0.31 NM - Not Meaningful. LQ – Linked Quarter. YOY – Year Over Year. Numbers may not add to total due to rounding. 1Adjusted Fee Income, Revenue, Expense, Pre-Tax Income, NIAC, and EPS are Non-GAAP numbers and are reconciled in the appendix. Adjusted numbers exclude notable items as outlined in the appendix. EPS and Adjusted EPS 6 calculated using 319.6mm shares. 2Net Income Available to Common (NIAC) includes the impact from $3mm of noncontrolling interest and $1.6mm of preferred stock dividends.

Total Loan Growth Improved Portfolio Mix with Strong C&I Growth • Period-end loans up 7% LQ annualized • Continued growth in Regional Banking offsets run-off in non-strategic portfolios • Broad–based C&I growth across various industries • CRE balances down, driven by ~$220mm of pay-offs due to strategic exits and borrower refinance • Consumer portfolio decline primarily driven by ~$60mm in Non-Strategic run-off Total Period-End Loan Growth Total Period-End Loan Trends LQ & YOY +$0.7B $28.0B +7% $27.3B $27.5B $28.0B $0.8B $0.7B $0.7B LQ $6.2B Annualized $6.4B $6.3B $3.9B $4.2B $4.0B $27.5B +9% $15.8B $16.5B $17.2B YOY -$0.1B -$0.1B $27.2B 1Q18 4Q18 1Q19 4Q18 CRE Consumer C&I 1Q19 C&I CRE Consumer Other¹ LQ – Linked Quarter. YOY – Year over year. Numbers may not add to total due to rounding 1Other includes Other Consumer loans, Credit Card, and Permanent Mortgage loans. 7

Regional Banking Driving Profitable Loan Growth Broad-based Loan Growth Particularly in Key Markets and Specialty Lending • Regional Banking loan growth of 8% LQ annualized • Key markets grew 16% LQ annualized with increases in South Florida, Middle TN, Houston • Specialty areas grew 14% LQ annualized ￮ LQ growth in loans to mortgage companies, healthcare, corporate ￮ Specialty areas comprise 40% of the Regional Banking loan portfolio Regional Banking Period-end Loan Growth Focus On Strategic Priorities Leads to LQ Loan Growth $25.8B $26.4B $26.9B Specialty 14% +8% (Annualized) LQ Annualized Key Markets¹ 8% (Annualized) $9.9B $10.3B $10.7B Specialty Tennessee 4% (Annualized) 1Q18 4Q18 1Q19 LQ – Linked Quarter. 1Key Markets includes Mid-Atlantic, Middle Tennessee, South Florida, and Texas. 8

Total Deposits Broad-based Core Deposit Growth, Significant Reduction in Market-indexed Deposits • Regional Banking growth of 14% LQ Strong PE LQ Deposit Growth in Key Markets (% is Annualized LQ) annualized with increases across key markets Tennessee Mid-Atlantic South FL • Market-indexed deposits declined $1B LQ +11% +15% +14% LQ $16.7B LQ LQ Annualized Annualized Annualized $4.3B $2.0B • Growth in new markets presents opportunity $4.2B $1.9B $16.2B to increase customer deposits and reduce market-index funding 4Q18 1Q19 4Q18 1Q19 4Q18 1Q19 Period-end Deposits Reflect Positive Shift in Deposit Funding Mix $32.7B $30.8B $32.5B $5.0B $4.1B Market- -19% $4.3B indexed LQ $1B in 100% beta market- $6.2B $6.7B $5.8B Commercial indexed deposits at 2.52% interest replaced with lower beta new $12.7B $13.3B $13.7B Consumer +3% customer deposits at 1.91% interest LQ $8.0B $8.1B $8.0B Non-interest 1Q18 4Q18 1Q19 LQ – Linked Quarter. Numbers may not add to total due to rounding. 9

1Q19 Net Interest Income & Net Interest Margin Trends • NII down $8mm LQ on fewer days ($4mm) NII and NIM Linked-Quarter Change Drivers and less accretion ($4mm) ($ in millions) NII NIM 4Q18 - Reported $302.5 3.38% • NIM down 7bps LQ as strong deposit Less: 4Q18 CBF Loan Accretion -$13.7 -15bps growth (+2bps) led to higher excess cash 4Q18 - Core1 $288.8 3.23% balances (-6bps) along with lower Deposit Growth +$1.6 +2bps accretion (-4bps) Rates -$1.2 -1bps Loans to Mtg Companies Bal. -$1.2 - bps Interest Bearing Cash -$0.2 -6bps Days -$3.7 - bps Other +$0.8 +2bps 1Q19 - Core1 $285.0 3.20% Plus: 1Q19 CBF Loan Accretion +$9.5 +11bps 1Q19 - Reported $294.5 3.31% LQ – Linked Quarter. Numbers may not add to total due to rounding. 1Core excludes the accretion from CBF’s loans, and is a Non-GAAP number reconciled in the table found on this slide. The average earning assets impact from CBF’s loan accretion was $123mm in 10 1Q19 and $130mm in 4Q18.

Fixed Income Provides Counter-Cyclicality • Federal Reserve commentary and outlook for rates favorably impacted 1Q19 activity • ADR of $729k up 48% LQ as all trading desks showed LQ growth • Pre-tax income increased from higher ADR in addition to the benefit of lower fixed expenses Fixed Income Revenue and Expense Trends Key Drivers of Average Daily Revenue $65mm $800k $61mm Lower Higher Key Driver $60mm Revenue Revenue $600k $55mm $54mm Up Direction of rates Down $50mm $50mm $49mm Low Market Volatility Moderate $48mm $400k $45mm $50mm $51mm $48mm $47mm $47mm Flatter Shape of Yield Curve Steeper $40mm $200k State of Economy & 1Q18 2Q18 3Q18 4Q18 1Q19 Positive Negative Outlook Expense Revenue ADR (Right Axis) LQ – Linked Quarter. 11

Optimizing The Expense Base Broad-based Expense Declines, Taking Further Efficiency Actions to Enable Reinvestment • Broad-based LQ decline across numerous categories • Deferred compensation net pre-tax impact of $1mm LQ; expense increase of $13mm offset by fee income increase of $12mm • Efficiency actions to position us for challenging rate environment, and capacity to reinvest savings into strategic hires and customer-facing technology to position for growth ￮ Restructuring charges of $12mm enabled actions that are expected to reduce annual run rate by $30mm Drivers of Non-Interest Expense Change 4Q18 to 1Q19 ($ in millions) $296 Fixed Income Def. Comp revenue Fee Income up $14mm offset of +$12 $12mm +$4 $282 ($9) Fixed Income $278 +$6 1Q19 +$13 Expense Restructuring ($12) Other 1Q19 $270 Increase Expense Expense Acquisition 4Q18 Def. Comp Reduction Expense Acquisition Expense Expense Increase $250 4Q18 4Q18 1Q19 1Q19 Reported Adjusted¹ Adjusted¹ Reported LQ – Linked Quarter. Numbers may not add to total due to rounding. 1Adjusted Expense are Non-GAAP numbers and are reconciled in the appendix. Adjusted numbers exclude notable items as outlined in the appendix. 12

Asset Quality • In 1Q19, net charge-off (NCO) ratio1 at 7bps Asset Quality Highlights and down 10 bps LQ ￮ $5mm in charge-offs ($ in millions) 1Q18 2Q18 3Q18 4Q18 1Q19 Charge-offs ($8) ($10) ($9) ($18) ($11) ￮ 30-day delinquencies down 15% LQ Recoveries $7 $8 $8 $6 $6 • Provision increase due to loan growth within Regional Banking Net Charge-offs $1 $2 $2 $12 $5 • Criticized and classified of commercial loans Provision/(Credit) ($1) $0 $2 $6 $9 down $78mm ￮ NPLs at 65bps, up 11bps LQ, increase Allowance for Loan Losses largely due to three C&I credits $27B $28B $27B $28B $28B • CBF credit performance as expected • Allowance to loans ratio remains steady at 69bps 66bps 67bps 68bps 66bps 66bps 1Q18 2Q18 3Q18 4Q18 1Q19 Period-end Loans ALLL to Loans Ratio LQ – Linked Quarter. Numbers may not add to total due to rounding. 1Net charge-off % is annualized and as % of average loans. 13

Balance Sheet Evolution Yields Lower Risk Model • Commercial loan portfolio shifting to higher quality, Positive Commercial Credit Grade Migration with 42% of commercial loans qualifying as ($ are Total Ending Balance) $21B investment grade equivalent 3% PD 1-5 • High quality consumer portfolio with no subprime High Pass and minimal exposure to high risk consumer lending; FICO scores strong at 752 PD 6-9 Medium Pass • Stronger capital resiliency in severely adverse $9B DFAST scenario vs peers1 PD 10-12 32% Low Pass ￮ FHN CET1 decline 90bps vs 440bps for peers 42% PD 13-16 Significantly lower stressed loss rates, severely ￮ Non Pass 9% adverse NCO’s less than half of DFAST peers 2009 1Q19 CRE to Total Capital: FHN vs Peers2 Total Average Loans 1Q09 Since 1Q09, exited 262% st nd 1Q19 250% 258% national 1 & 2 Lien 219% originations, One Time 180% 181% Close and significantly 167% 15% 14% reduced exposure to 135% 141% 37% 105% 107%109% Res-CRE and Land 87% 23% 37% 60% 11% 3% I F F V A P C C R B U H N . B F B F K P N S K K H C W C C N S O F B B B M T N H I P B C U C C&I CRE Home Equity / HELOC Other Consumer³ F 1Results represent DFA Severely Adverse scenario. All references to peer stress testing data indicates aggregate HoldCo level 2018 supervisory Dodd-Frank Act Stress Testing (“DFAST”) results of 35 participating firms. Source: Federal Reserve. 2CRE is comprised of Non-owner-occupied Nonfarm/Nonresidential property loans, Multifamily loans, Construction & Land Development loans, and Unsecured CRE loans. Data as of 4Q18. Source: S&P Global Market Intelligence. 14 3Other Consumer includes Other Consumer loans, Credit Card, One-time Close, and Permanent Mortgage loans.

Key Takeaways Delivering on Key Strategic Priorities & Controlling What We Can Control Controlling What We Can Control • Steady loan growth across markets and specialty areas • Strong deposit growth with momentum in key markets • Good expense discipline and taking additional efficiency actions to reinvest into company • Continued prudent underwriting • Effective capital deployment with share buybacks and dividend increase Uncontrollable Market Factors • Interest Rate Environment - Negative shift in Fed Funds, 1M LIBOR, UST Curves 15

Net Interest Margin Outlook Changes Driven by Negative Shift in Macro Rate Environment • Balance sheet trends remain strong with steady loan growth and deposit momentum in key markets • Prior NIM/NII outlook impacted by meaningful changes in market rates and expectations • Current expectation is NIM approximating current levels throughout 2019 ￮ Assumes no changes to FF rate in 2019, stabilization of 1M LIBOR at current levels, and steady declines in CBF related loan accretion Significant Changes in Yield and Forward Rate Curves Since Investor Day (Nov. ’18) FF Rate Hike/Cut Probability 1M LIBOR Foward Rate Curves1 UST Yield Curves1 3.3% 3.3% Nov. Mar. 3.1% ‘18 ‘19 3.1% 2.9% Hike Probability % 98% 0% 2.9% 2.7% 2.7% Cut Probability % 0% 53% 2.5% 2.5% • Nov. 2018: FF Futures Curve 2.3% 2.3% implied 3 rate hikes in 2019 - - - - - - - - - - 2.1% 2.1% Y Y Y Y Y Y 9 9 9 9 9 9 9 9 9 9 9 9 M M M M 0 1 2 3 5 7 1 1 1 1 1 1 1 1 1 1 1 1 1 2 3 6 1 ' ' ' ' ' ' ' ' ' ' ' ' l t r r y v c g n b n p u c a p a o e u e e (Tenor) a • March 2019: FF Futures Curve u J A O J J F A S N D M M implies 1 rate cut in 2019 (Reset Date) 11/6/18 (Investor Day) 3/29/2019 1Source: Bloomberg. 16

2019 Outlook: Delivering on Strategic Priorities 1Q19 2019 Outlook Commentary Reported Adjusted 1 1 Higher TCE due to higher investment ROTCE 14.2% 16.1% 16% +/- securities valuations ROA 1.03% 1.16%1 1.15% +/- Loan & Deposit Growth at 3-6% NIM 3.31% 3.31% 3.30% +/- Assumes no changes to FF rate in 2019, stabilization of 1M LIBOR at current levels, and steady declines in loan accretion Efficiency Efficiency Ratio expected to benefit from 68% 64%1 62% +/- 1Q19 restructuring actions and ongoing Ratio expense discipline NCOs 7bps 7bps 10bps +/- Credit outlook stable Capital levels expected to remain stable with CET1 9.7% 9.7% 9.5 - 10% payout ratio within 35-70% range 1ROTCE, Adjusted ROTCE, Adjusted ROA, and Adjusted Efficiency Ratio are Non-GAAP numbers, which are reconciled in the Appendix. 17

Dominate Tennessee Profitably Grow Key Markets & Specialty Areas Delivering on Strategic Priorities Optimize The Expense Base Transform the Customer Experience Strong Risk Profile & Effective Capital Deployment 18

APPENDIX 19

1Q19 Credit Quality Summary by Portfolio Regional Banking Corporate5 Non-Strategic FHNC Commercial HE & Permanent Commercial HE & Permanent CRE Other1 Subtotal Other2 Total (C&I & Other) HELOC Mortgage (C&I & Other) HELOC Mortgage ($ in millions) Period End Loans $16,814 $3,947 $5,780 $439 $26,980 $38 $362 $372 $168 $70 $27,990 30+ Delinquency % 0.06% 0.04% 0.52% 0.74% 0.17% 4.54% 0.46% 2.77% 1.14% 4.61% 0.23% Dollars $10 $1 $30 $3 $45 $2 $2 $10 $2 $3 $64 3 NPL % 0.43% 0.07% 0.71% 0.08% 0.43% 4.49% 0.78% 11.25% 11.29% 0.56% 0.65% Dollars $72 $3 $41 $0 $116 $2 $3 $42 $19 $0 $182 4 Net Charge-offs % 0.06% 0.04% 0.04% 2.08% 0.09% NM NM NM NM 4.35% 0.07% Dollars $2 $0 $1 $2 $6 0 ($0) ($1) ($1) $1 $5 Allowance $102 $34 $15 $13 $164 0 $1 $9 $10 $0 $185 Allowance / Loans % 0.61% 0.87% 0.26% 2.87% 0.61% NM 0.36% 2.41% 5.96% 0.20% 0.66% Allowance / Net Charge-offs 10.98x 22.50x 6.17x 1.38x 7.32x NM NM NM NM 0.04x 10.10x Numbers may not add to total due to rounding. Data as of 1Q19. NM - Not meaningful. 1Includes Credit card, Permanent Mortgage, and Other. 2Includes Credit card, OTC, and Other Consumer. 3Non-performing loan excludes held-for-sale loans. 4Net charge-offs are annualized. 20 5Exercised clean-up calls on jumbo securitizations in 1Q13, 3Q12, 2Q11, and 4Q10, which are now on the balance sheet in the Corporate segment.

Select C&I and CRE Portfolio Metrics Regional Banking Average Commercial Loans C&I: Loans to Mortgage Companies 2% 2% Specialty Energy Areas Correspondent 4% $2.4 $2.3 $2.1 4% Franchise Finance $2.1 $2.0 $1.9 $1.9 5% $1.8 Healthcare $1.7 $1.5 43% 9% Corporate 1Q19 Loans to Mortgage Co. 11% Asset-Based Lending Commercial Real Estate 1Q18 2Q18 3Q18 4Q18 1Q19 Business Banking 5% 16% Period-end Balance ($B) Average Balance ($B) Commercial CRE: Collateral Type CRE: Geographic Distribution 2% Multi-Family NC Retail 11% 15% 24% TN Office 31% 12% 7% FL Industrial SC 1Q19 7% 1Q19 Other GA 14% 8% Hospitality 19% TX Land 19% 18% 13% Other Numbers may not add to total due to rounding. 21

Consumer Portfolio & Non-Strategic Overview HELOC Draw vs Repayment Balances Home Equity Portfolio In Draw In Repayment 65% $1.1B $0.4B 1Q19 6% 6% 7% 8% 8% 0-12 13-24 25-36 37-48 49-60 >60 Months Left in Draw Period Non-Strategic Consumer Real Estate Mortgage Repurchase Reserve $540mm $489mm ($ in millions) 1Q18 2Q18 3Q18 4Q18 1Q19 $442mm $405mm $372mm Beginning Balance $34 $33 $32 $32 $32 38% Net Realized Losses $0 ($1) $0 ($0) $0 37% 35% 33% 32% Provision Credit ($0) ($0) ($1) ($0) ($0) 1Q18 2Q18 3Q18 4Q18 1Q19 Ending Balance $33 $32 $32 $32 $31 Period-end Balance Constant Pre-Payment Rate Data as of 1Q19 unless noted otherwise. Numbers may not add to total due to rounding. 22

Notable Items – 2018 & 2019 Pre-Tax Pre-Tax 2018 Amount 2019 Amount Acquisition Expense ($31.4mm) Restructuring ($12.2mm) 1Q Gain on property sale $3.3mm Acquisition Expense ($5.7mm) Acquisition Expense ($43.2mm) 2Q Other Expense (Visa Shares) ($4.1mm) Acquisition Expense ($11.4mm) 3Q Visa B Share Monetization $212.9mm Acquisition Expense ($11.6mm) 4Q Acquisition: Fee-income Adjustment ($1.8mm) Return of excess fees from Capital Bank ($8.7mm) Debit Cards 23

Capital Bank Acquisition & Restructuring Expenses Capital Bank Merger and Integration Expenses Restructuring Expenses ($ in millions) 1Q19 4Q18 1Q18 ($ in millions) 1Q19 Employee comp., incentives and benefits (a) $0.5 $1.2 $3.9 Employee comp., incentives and benefits $6.5 Occupancy (b) $0.1 $2.9 $ - Legal & Professional fees $4.3 Miscellaneous expense (c) $1.1 $1.1 $2.0 Occupancy $0.8 Professional fees (d) $1.9 $3.1 $5.6 Miscellaneous expense $0.5 Contract employment and outsourcing (e) $ - $ - $1.4 Total Restructuring Expense $12.2 All other expense (f) $1.1 $2.0 $17.0 Total Capital Bank Merger and Integration Expense $4.7 $10.3 $30.1 (a) Primarily comprised of fees for severance and retention. (b) Primarily relates to fees associated with lease exit accruals. (c) Consists of fees for operations services, communications and courier, equipment rentals, depreciation, and maintenance, supplies, travel and entertainment, computer software, and advertising and public relations. (d) Primarily comprised of fees for legal, accounting, and merger consultants (e) Primarily relates to fees for temporary assistance for merger and integration activities. (f) Primarily relates to contract termination charges, costs of shareholder matters and asset impairments related to the integration, as well as other miscellaneous expenses. *Integration activities were substantially completed in second quarter 2018. This table shows acquisition expense related to the CBF transaction only and does not include expense from other acquisitions. Numbers may not add to total due to rounding. 24

Reconciliation to GAAP Financials Slides in this presentation use non-GAAP information of adjusted fee income, adjusted revenue, adjusted noninterest expense, adjusted pre-tax income, adjusted net income available to common, and adjusted earnings per share. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. ($ in millions) 1Q19 4Q18 % Change Adjusted Fee Income & Revenue Revenue (GAAP) $436 $413 6% Fee Income (GAAP) $141 $110 28% Plus: Notable Items (GAAP) $0 $10 NM Adjusted Fee Income (Non-GAAP) $141 $121 17% Plus: Net Interest Income (GAAP) $295 $303 -3% Adjusted Revenue (Non-GAAP) $436 $423 3% Adjusted Noninterest Expense Noninterest Expense (GAAP) $296 $282 5% Plus: Notable Items (GAAP) -$18 -$12 54% Adjusted Noninterest Expense (Non-GAAP) $278 $270 3% Adjusted Pre-Tax Income Pre-Tax Income (GAAP) $130 $125 4% Plus: Notable Items (GAAP) $18 $22 -19% Adjusted Pre-Tax Income (Non-GAAP) $148 $147 1% Adjusted Net Income Net Income (GAAP) $103 $101 3% Plus: Tax-affected Notable Items (GAAP)1 $14 $17 -18% Adjusted Net Income (Non-GAAP) $117 $118 0% Adjusted Net Income Available to Common (NIAC) & Earnings Per Share (EPS) Net Income Available to Common (GAAP) $99 $96 3% Plus: Tax-affected Notable Items (GAAP)1 $14 $17 -18% Adjusted Net Income Available to Common (Non-GAAP) (a) $113 $113 0% Average Common Diluted Shares (GAAP) (b) 320 324 -1% Adjusted Average Common Diluted Shares (Non-GAAP) (b) 320 324 -1% Earnings Per Share (GAAP) $0.31 $0.30 3% Adjusted Earnings Per Share (Non-GAAP) (a/b) $0.35 $0.35 0% Numbers may not add to total due to rounding. NM – Not Meaningful. N/A – Not Applicable. 1Tax-affected notable items assume an effective tax rate of ~23% in 1Q19 and ~24% in 4Q18. 25

Reconciliation to GAAP Financials Slides in this presentation use non-GAAP information of adjusted efficiency ratio, return on tangible common equity, adjusted return on tangible common equity, and adjusted return on average assets. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. ($ in millions) 1Q19 4Q18 Variance Adjusted Efficiency Ratio Noninterest Expense (GAAP) (a) $296 $282 Revenue Excluding Securities Gains (GAAP) (b) $436 $413 Efficiency Ratio (GAAP) (a/b) 68.0% 68.3% N/A Adjusted Noninterest Expense1 (Non-GAAP) (c) $278 $270 Adjusted Revenue1 Excluding Securities Gains (Non-GAAP) (d) $436 $423 Adjusted Efficiency Ratio (Non-GAAP) (c/d) 63.9% 63.9% N/A Return on Tangible Common Equity (ROTCE) Average Total Equity (GAAP) $4,809 $4,731 Less: Average Noncontrolling Interest (GAAP) -$295 -$295 Less: Average Preferred Stock (GAAP) -$96 -$96 Average Common Equity (GAAP) (e) $4,418 $4,340 Less: Average Intangible Assets (GAAP) -$1,585 -$1,570 Average Tangible Common Equity (Non-GAAP) (f) $2,833 $2,770 Annualized Net Income Available to Common (GAAP) (g) $402 $382 Return on Average Common Equity (ROCE) (GAAP) (g/e) 9.1% 8.8% 28bps Return on Average Tangible Common Equity (ROTCE) (Non-GAAP) (g/f) 14.2% 13.8% 37bps Adjusted Return on Tangible Common Equity (ROTCE) Annualized Adjusted Net Income Available to Common1 (Non-GAAP) (h) $457 $448 Average Tangible Common Equity (Non-GAAP) (f) $2,833 $2,770 Adjusted Return on Average Tangible Common Equity (ROTCE) (Non-GAAP) (h/f) 16.1% 16.2% -5bps Adjusted Return on Average Assets (ROA) Annualized Net Income (GAAP) (i) $419 $400 Average Total Assets (GAAP) (j) $40,883 $40,303 Return on Average Assets (GAAP) (i/j) 1.03% 0.99% N/A Annualized Adjusted Net Income1 (Non-GAAP) (k) $475 $466 Average Total Assets (GAAP) (j) $40,883 $40,303 Adjusted Return on Average Assets (Non-GAAP) (k/j) 1.16% 1.16% N/A Numbers may not add to total due to rounding. N/A – Not Applicable. 1Adjusted Noninterest Expense, Adjusted Revenue, Adjusted Net Income Available to Common, and Adjusted Net Income are Non-GAAP numbers that are reconciled on the previous slide. 26