First Quarter 2021 Earnings April 21, 2021

2 Disclaimer Non-GAAP Information Certain measures included in this document are “non-GAAP,” meaning they are not presented in accordance with generally accepted accounting principles in the U.S. and also are not codified in U.S. banking regulations currently applicable to FHN. FHN’s management believes such measures, even though not always comparable to non-GAAP measures used by other financial institutions, are relevant to understanding the financial condition, capital position, and financial results of FHN and its business segments. The non-GAAP measures presented in this document are listed, and are reconciled to the most comparable GAAP presentation, in the non-GAAP reconciliation table(s) appearing in the Appendix. In addition, presentation of regulatory measures, even those which are not GAAP, provide a meaningful base for comparability to other financial institutions subject to the same regulations as FHN. 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 document 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; and risk-weighted assets, which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios. Forward-Looking Statements This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements pertain to FHN's beliefs, plans, goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results, or other developments. Forward- looking statements can be identified by the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “should,” “is likely,” “will,” “going forward,” and other expressions that indicate future events and trends. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, operational, economic, and competitive uncertainties and contingencies, many of which are beyond FHN’s control, and many of which, with respect to future business decisions and actions (including acquisitions and divestitures), are subject to change and could cause FHN’s actual future results and outcomes to differ materially from those contemplated or implied by forward-looking statements or historical performance. Examples of uncertainties and contingencies include those mentioned in this document, in Items 2.02 and 7.01 of FHN’s Current Report on Form 8-K to which this document has been filed as an exhibit, in Items 1, 1A, and 7 of FHN’s most recent Annual Report on Form 10-K, and in Item 1A of Part II of FHN’s Quarterly Report(s) on Form 10-Q filed this year. FHN assumes no obligation to update or revise any forward-looking statements that are made in this document or in any other statement, release, report, or filing from time to time. Throughout this presentation, numbers may not foot due to rounding.

3 1Q21 GAAP financial summary1 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 1Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. Reported 1Q21 Change vs. $s in millions except per share data 1Q21 4Q20 3Q20 2Q20 1Q20 4Q20 1Q20 $/bps % $/bps % Net interest income $ 508 $ 522 $ 532 $ 305 $ 303 $ (14) (3) % $ 205 68 % Fee income 298 288 823 206 175 10 3 % 123 71 % Total revenue 806 810 1,355 512 478 (4) (1) % 328 69 % Expense 544 508 587 321 302 36 7 % 242 80 % Pre-provision net revenue (PPNR)¹ 262 302 768 191 175 (40) (13) % 87 49 % Provision for credit losses (45) 1 227 121 154 (46) NM (199) (129) % Pre-tax income 307 301 541 69 21 6 2 % 286 NM Income tax expense 71 56 2 13 5 15 26 % 66 NM Net income 235 245 539 57 16 (10) (4) % 219 NM Non-controlling interest 3 3 3 3 3 — 6 % — 5 % Preferred dividends 8 8 13 2 2 — 5 % 6 NM NIAC $ 225 $ 234 $ 523 $ 52 $ 12 $ (9) (4) % 213 NM $s in billions Avg loans $ 58.2 $ 59.8 $ 60.1 $ 34.0 $ 30.5 $ (1.6) (3) % $ 27.7 91 % Period-end loans $ 58.6 $ 58.2 $ 59.7 $ 32.7 $ 33.4 $ 0.4 1 % $ 25.2 76 % Avg deposits $ 71.0 $ 69.6 $ 67.1 $ 37.5 $ 32.9 $ 1.3 2 % $ 38.1 116 % Period-end deposits $ 73.2 $ 70.0 $ 68.4 $ 37.8 $ 34.4 $ 3.2 5 % $ 38.7 113 % Key performance metrics Net interest margin (NIM) 2.63 % 2.71 % 2.84 % 2.90 % 3.16 % (8) bps (53) bps Loan to deposit ratio (avg.) 82.0 % 85.9 % 89.6 % 90.5 % 92.8 % (388) bps (1,080) bps ROCE 12.0 % 12.5 % 28.5 % 4.5 % 1.1 % (52) bps 1,096 bps ROTCE 15.9 % 16.7 % 37.8 % 6.7 % 1.6 % (83) bps 1,431 bps ROA 1.1 % 1.2 % 2.6 % 0.5 % 0.2 % (4) bps 97 bps Efficiency ratio 67.5 % 62.7 % 43.3 % 62.7 % 63.3 % 482 bps 427 bps FTEs 8,284 8,466 8,121 5,006 4,969 (182) (2) % 3,315 67 % CET1 ratio 9.96 % 9.68 % 9.21 % 9.25 % 8.54 % 28 bps 142 bps Effective tax rate 23.2 % 18.7 % 0.4 % 18.4 % 22.4 % 454 bps 80 bps Per common share Diluted EPS $ 0.40 $ 0.42 $ 0.95 $ 0.17 $ 0.04 $ (0.02) (5) % $ 0.36 NM Tangible book value per share $ 10.30 $ 10.23 $ 9.92 $ 9.99 $ 9.96 $ 0.07 1 % $ 0.34 3 % Avg. diluted shares outstanding 558 557 551 313 313 1 — % 245 78 %

4 Table of contents Delivering on our commitments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 1Q21 overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 1Q21 notable items and other unusual items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 1Q21 adjusted financial highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 NII and NIM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Adjusted fee income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Adjusted expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Total loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Total funding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Asset quality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Allowance for credit losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Merger integration update . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 2Q21 and updated FY2021 outlook . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Key takeaways . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

5 Delivering on our commitments • More diversified business model performing as expected – Strong fee income results helping mitigate interest rate headwinds • Controlling what we can control – Results reflect continued expense and deposit pricing discipline • MOE delivering revenue synergies and expense efficiencies • Strong credit quality performance – NCOs of 6 bps, or $8 million, on a $58.2 billion portfolio • Delivering enhanced returns

6 Continued execution driving strong start to 2021 More Diversified Model Performing as Expected Enhanced Returns Strong Credit Quality Capitalizing on MOE Benefits • Adjusted revenue of $808 million2 remained relatively stable despite NII headwinds and seasonal impacts with strong results in fixed income • Adjusted expense of $464 million decreased $10 million and reflects the benefit of expense discipline and incremental merger cost saves • Provision credit of $45 million; ACL decreased $53 million • Adjusted ROTCE of 20.2% improved from 18.2% in 4Q20; Adjusted ROTCE of 17.6% before the impact of provision credit • TBVPS of $10.30 up 1% QoQ as robust net income was partially offset by impact of capital return and securities portfolio MTM impact • CET1 ratio of 9.96% increased 28 bps largely reflecting growth in retained earnings • Returned $143 million of capital to common shareholders including dividends and 3.6 million of share repurchases at a weighted average price of $16.12 • Net charge-offs of 6 bps improved from 19 bps in 4Q20; NPLs of 67 bps vs. 66 bps in 4Q20 • ACL/Loans ratio of 2.06% excl. LMC/PPP portfolios; Total loss absorption capacity of 2.49% • Significant progress across key merger milestones – Expect to fully integrate systems in Fall of 2021 • On track to deliver ~$200 million of targeted cost saves – Achieved $76 million of annualized net cost saves in 1Q21 • ~$10 million of identified revenue synergies tied to ~$400 million of commercial loans 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 1Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. 2Presented on a fully taxable equivalent basis 1Q21 Adjusted EPS of $0.511and PPNR of $343 million2 reflects resiliency of more diversified business model, continued expense discipline and improved credit outlook

7 1Q21 notable items1 • 1Q21 results were reduced by $60 million after-tax, or $0.11 per share of notable items 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 1Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases.2Merger accounting adjustment is non-taxable income. EPS computed based on approximately 558 million diluted shares. 1Q21 merger-related notable items Noninterest income: Merger accounting adjustment: other noninterest income2 $ (1) Total noninterest income (1) Noninterest expense: Salaries and benefits — Incentives and commissions (21) Total personnel expenses (21) Occupancy and equipment (4) Outside services (4) Amortization of intangible assets (1) Other noninterest expense (40) Total noninterest expense (70) Total net merger-related notable items $ (69) 1Q21 Other notable items Valuation adjustments tied to prior Visa Class-B share sales $ (10) Total other 1Q21 notable items (10) Total net 1Q21 notable items (pre-tax) (79) Tax impact of 1Q21 notable items 19 After-tax impact of 1Q21 notable items $ (60) EPS impact of 1Q20 notable items2 $ (0.11) IBKC Cumulative Pre-tax Integration Costs Cost to Date Targeted 4Q19 - 4Q20 Purchase Acct. 1Q21 Total 2Q21 - 4Q21 2022 Total $ 180 $ 105 $ 70 $ 355 $ 90 $ 15 $ 460 Notable Items 4Q20 Adjusted Unusual Items 4Q20 adjusted ex- unusual items 1Q21 Adjusted QoQ ex- 4Q20 Unusual Items Item Commentary Net interest income (FTE) 525 $ (5) $ 530 511 (4) % Largely tied to a promotional credit card offering Fee income 288 (3) 291 297 2 % Securities losses in other noninterest income Revenue (FTE) 813 (8) 821 808 (2) % Incentives and commissions 89 8 81 99 22 % One-time employee bonus and COVID-related vacation net carryover costs Other noninterest expense 35 (5) 40 28 (30) % Lower regulatory-related costs, largely FDIC insurance Total expense 474 3 471 464 (2) % PPNR $ 339 $ (11) $ 350 343 (1) % ($s in millions except per share data) Unusual Items In addition to notable items, linked quarter trends reflect the impact of the following 4Q20 unusual items

8 • Adjusted EPS of $0.51 increased 11% QoQ; Adjusted ROTCE of 20.2% and TBV per share of $10.30 • Adjusted revenue of $808 million2 decreased $5 million from 4Q20 • NII2 decreased $14 million, or 3% from 4Q20 – Core NII decreased $18 million largely as the impact of lower loan balances, day count and lower short-term rates were partially offset by a reduction in funding costs • Adjusted fee income increased $10 million driven by strength in fixed income • Adjusted expense of $464 million decreased $10 million from 4Q20 levels – Results reflect the benefit of a $5 million reduction tied to incremental merger cost saves • Provision for credit losses was a credit of $45 million and improved $46 million QoQ largely reflecting an improved overall macroeconomic outlook 1Q21 adjusted financial highlights1 Adjusted FHN Adjusted FHN standalone 1Q21 Change vs. $s in millions except per share data 1Q21 4Q20 1Q20 4Q20 1Q20 $/bps % $/bps % Net Interest Income (FTE) $ 511 $ 525 $ 305 $ (14) (3) % $ 206 68 % Fee income 297 288 175 10 3 % 122 70 % Total revenue (FTE) 808 813 480 (5) (1) % 328 68 % Expense 464 474 296 (10) (2) % 168 57 % Pre-provision net revenue 343 339 183 4 1 % 160 87 % Provision for credit losses (45) 1 154 (46) NM (199) (129) % Net charge-offs 8 29 7 (21) (72) % 1 11 % Reserve build/(release) (53) (28) 147 (25) (91) % (200) (136) % NIAC $ 284 $ 255 $ 17 $ 30 12 % $ 267 NM Key performance Metrics Fee income as a % of total revenue 36.8 % 35.4 % 36.4 % 136 bps 36 bps Efficiency ratio 57.5 % 58.3 % 61.8 % (85) bps (427) bps ROTCE 20.2 % 18.2 % 2.2 % 197 bps 1,796 bps Diluted EPS $ 0.51 $ 0.46 $ 0.05 $ 0.05 11 % $ 0.46 NM TBV per share $ 10.30 $ 10.23 $ 9.96 $ 0.07 1 % $ 0.34 3 % Effective tax rate 23.4 % 20.7 % 22.2 % 266 bps 117 bps Adjusted NIAC up 12% QoQ despite NII headwinds driven by strength in fixed income and wealth and trust fees, continued expense discipline and strong asset quality 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 1Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. 2Presented on a fully taxable equivalent basis

9 FTE NII and NIM reflect strong deposit pricing discipline1 $305 $308 $535 $525 $511 $297 $287 $479 $482 $464 3.16% 2.90% 2.84% 2.71% 2.63% Core NII Reported NII Reported NIM 1Q20 2Q20 3Q20 4Q20 1Q21 ($s in millions) FTE NII and NIM Trends Legacy FHN Core NIM1 3.07% 2.80% 2.68% 2.63% 2.52% 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 1Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. • FTE NII of $511 million decreased $14 million QoQ – Core NII of $464 million decreased $18 million QoQ largely reflecting the impact of lower loan balances, day count and lower short-term rates partially offset by improved funding costs • Reported NIM of 2.63% decreased 8 bps and reflected a 3 bp benefit tied to PPP loans and fees and merger-related impacts – Core NIM down 10 bps primarily driven by a 10 bp decrease tied to higher excess cash – Period-end excess cash of $10.8 billion vs. $7.6 billion in 4Q20 • Interest-bearing deposit costs of 20 bps improved 6 bps QoQ 4Q20 vs. 1Q21 $s in millions NII NIM 4Q20 Reported $ 525 2.71 % PPP Coupon Income and Fees 20 (0.05) Net merger-related impacts 23 0.13 4Q20 Core $ 482 2.63 % Daycount (8) — Funding costs 11 0.06 4Q20 unusual items 5 0.03 LIBOR impact and other (2) (0.02) Int-earning assets excluding excess cash (25) (0.07) Excess cash 1 (0.10) 1Q21 Core $ 464 2.52 % PPP coupon income and fees 24 (0.01) Net merger-related impacts 22 0.12 1Q21 Reported $ 511 2.63 %

10 • Adjusted fee income increased $10 million from 4Q20 – Strength in fixed income and brokerage, trust and insurance was partially offset by lower deferred comp and mortgage banking and title fees • Fixed income increased $22 million QoQ reflecting continued elevated liquidity and weak loan demand among fixed income customers, as well as interest rate volatility – ADR of $1.9 million up 25% QoQ • Mortgage banking and title decreased $4 million QoQ driven by lower gain on sale spreads and included the impact of seasonality – Purchase/Refi mix of ~50%/50% – Gain on sale spreads decreased 36 bps Adjusted fee income increased 3%1 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 1Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. Adjusted FHN Adjusted FHN / IBKC combined 1Q21 Change vs. $s in millions 1Q21 4Q20 3Q20 2Q20 1Q20 4Q20 1Q20 $/bps % $/bps % Fixed income $ 126 $ 104 $ 111 $ 112 $ 96 $ 22 21 % $ 30 31 % Mortgage banking & title 53 57 66 53 32 (4) (7) % 21 66 Brokerage, trust, and insurance 33 31 30 33 34 2 5 % (1) (3) Service charges and fees 53 53 50 46 50 — — % 3 6 Card and digital banking fees 17 18 17 17 19 (1) (7) % (2) (11) Deferred compensation income 3 9 4 8 (10) (6) (65) % 13 (130) Other noninterest income 14 15 14 18 21 (1) (6) % (7) (33) Total fee income $ 297 $ 288 $ 291 $ 287 $ 240 $ 10 3 % $ 57 24 % Key Metrics Fixed Income Average Daily Revenue (ADR) $ 1.9 $ 1.5 $ 1.5 $ 1.6 $ 1.3 $ 0.4 25 % $ 0.6 49 % Mortgage banking Originations Secondary $ 1,144 $ 1,183 $ 1,186 $ 1,152 $ 581 $ (39) (3) % $ 563 97 % Portfolio $ 338 $ 341 $ 396 $ 675 $ 497 $ (3) (1) % $ (159) (32) % Total $ 1,482 $ 1,524 $ 1,582 $ 1,827 $ 1,078 $ (42) (3) % $ 404 37 % Gain on sale spread 3.72 % 4.08 % 3.93 % 2.86 % 3.07 % (36) bps 65 bps Mix Purchase 50 % 55 % 58 % 43 % 55 % Refinance 50 % 45 % 42 % 57 % 45 % Results reflect strength in fixed income and wealth and trust

11 Adjusted expense decreased 2%1 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 1Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. Adjusted FHN Adjusted FHN / IBKC combined 1Q21 Change vs. $s in millions 1Q21 4Q20 3Q20 2Q20 1Q20 4Q20 1Q20 $/bps % $/bps % Salaries and benefits $ 195 $ 200 $ 200 $ 193 $ 194 $ (5) (3) % $ 1 1 % Incentives and commissions 99 89 91 97 100 10 11 % (1) (1) % Deferred compensation expense 3 9 3 10 (10) (6) (67) % 13 (130) % Total personnel expense 297 298 294 300 283 (1) — % 14 5 % Occupancy and equipment 72 74 73 74 72 (2) (3) % — — % Outside services 54 52 46 46 49 2 4 % 5 10 % Amortization of intangible assets 13 14 14 9 9 (1) (5) % 4 44 % Other noninterest expense 28 35 45 57 58 (7) (20) % (30) (52) % Total noninterest expense $ 464 $ 474 $ 471 $ 486 $ 471 $ (10) (2) % $ (7) (1) % Full-time equivalent associates 8,284 8,466 8,121 8,384 8,368 (182) (2) % (84) (1) % • Adjusted expense of $464 million decreased $10 million from 4Q20 – Results reflect the benefit of a $5 million reduction tied to incremental merger cost saves • Personnel expense remained relatively stable with 4Q20 levels – Incentives and commissions increased $10 million from 4Q20 driven by higher revenue-based incentives – Salaries and benefits decreased $5 million largely as the impact of day count, seasonally lower benefit costs and merger cost saves were partially offset by an increase tied to FICA tax resets Results reflect continued expense discipline and the benefit of merger efficiencies

12 Loans trends driven by mortgage-related activity and industry headwinds1 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 1Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. 2Utilization rates exclude Loans to Mortgage Companies. • Average loans of $58.2 billion decreased $1.6 billion QoQ – $893 million decrease in commercial largely reflects a $972 million decline in loans to mortgage companies (LMC) – $705 million decrease in consumer reflects continued refinance into secondary market – Overall trends reflect a high level of payoffs and continued overall muted demand – Commercial pipelines have strengthened and payoffs expected to moderate during remainder of 2021 • Period-end loans of $58.6 billion increased $368 million QoQ as a $1.0 billion increase in commercial was partially offset by a decrease in consumer – Results include a net $1.0 billion increase in Paycheck Protection Program (PPP) loans • Commercial utilization rates of 45% improved modestly QoQ2 Commercial line utilization2 Period-end FHN/IBKC combined 1Q20 Period-end FHN/IBKC combined 2Q20 Period-end 3Q20 Period-end 4Q20 Period-end 1Q21 Utilization % 48% 47% 44% 44% 45% $55.1B $57.9B $58.2B $58.6B $59.8B $58.2B Total Commercial excl. LMC & PPP Commercial real estate (CRE) Consumer real estate Credit card and other PPP Loans to mortgage co. Period- end loans FHN/IBKC combined 4Q19 * * * * * Period- end loans FHN/IBKC combined 1Q20 Period- end loans 4Q20 Period- end loans 1Q21 Average Loans 4Q20 Average Loans 1Q21 Loan trends 40% 26% 23% 2% 8% 40% 26% 22% 2% 10% 41% 21% 20% 2% 9% 7% 40% 21% 19% 2% 9% 9% 39% 21% 20% 2% 11% 7% 40% 21% 20% 2% 9% 8% 4Q19 1Q20 4Q20 1Q21 Yields 3.56% 3.55% Core yields 3.43% 3.40% Avg 1M LIBOR 1.79% 1.41 % 0.15% 0.12% Lending pipelines strengthening

13 Deposit pricing discipline helping to mitigate NII headwinds1 $64.0B $68.2B $74.2B $77.5B $74.0B $75.4B DDA Savings Time deposits Term borrowings Other interest-bearing deposits Short-term borrowings Trading Liabilities Period-end FHN/IBKC combined 4Q19 * * * * * * Period-end FHN/IBKC combined 1Q20 Period-end 4Q20 Period-end 1Q21 Average 4Q20 Average 1Q21 Interest-bearing liabilities & DDA trends • Average deposits of $71.0 billion increased $1.3 billion QoQ driven by a $1.2 billion increase in non interest-bearing – Period-end deposits of $73.2 billion increased $3.2 billion from 4Q20 driven by a $2.9 billion increase in non interest-bearing – Consumer deposit growth largely reflecting the impact of stimulus payments and new PPP loan originations • Total deposit cost of funds of 14 bps improved 4 bps QoQ – Interest-bearing deposit costs of 20 bps improved 6 bps QoQ • Total funding costs of 24 bps in 1Q21 improved from 28 bps in 4Q20 23% 34% 12% 3% 21% 23% 35% 10% 3% 20% 30% 37% 7% 2% 3% 21% 32% 35% 6% 2% 3% 21% 30% 37% 7% 3% 3% 20% 31% 36% 6% 2% 3% 21% 6% 1% 8% 1% —% 1% —% 1% 4Q19 1Q20 4Q20 1Q21 Deposit cost of funds 18 bps 14 bps Total cost of funds 28 bps 24 bps Avg 1M LIBOR 1.79% 1.41 % 0.15% 0.12% 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 1Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. Interest-bearing deposit costs improved 6 bps QoQ

14 $227 1Q20 2Q20 3Q20 4Q20 1Q21 Strong credit quality performance 1Net charge-off % is annualized and as % of average loans. ($s in millions) Provision, credit losses, and net charge-offs Legacy FHN Allowance for credit losses (ACL) $484 $588 1.45% 1.80% 1.80% 1.80% 1.70% 255% 260% 241% 271% 253% ACL ACL/Loans ACL/NPLs 1Q20 2Q20 3Q20 4Q20 1Q21 $1,077 $1,048 $995 Legacy FHN Non-performing loans (NPL) $190 $226 $447 $386 $394 0.57% 0.69% 0.75% 0.66% 0.67% NPLs $ NPLs % 1Q20 2Q20 3Q20 4Q20 1Q21 • Net charge-offs of 6 bps improved 14 bps QoQ • NPL ratio of 67 bps remained relatively stable QoQ • ACL coverage ratio declined modestly QoQ to 1.70% – Provision credit of $45 million improved $46 million QoQ largely reflecting an improved overall macroeconomic outlook and a decrease in consumer loan balances • Transformed loan portfolio since Global Financial Crisis from higher-risk, real estate concentration to diversified commercial portfolio Legacy FHN 2008 1Q21 Non-performing loan ratio 4.91% 0.67% 1 $7 $17 $67 $29 $8 $154 $121 $80 $1 $(45) 0.10% 0.20% 0.44% 0.19% 0.06% NCOs Provision for credit losses Non-PCD NCO% 1Q20 2Q20 3Q20 4Q20 1Q21 NCOs of 6 bps, or $8 million, on a $58.2 billion portfolio

15 Significant reserves for current environment1 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 1Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. ($s in millions) 4Q20 vs. 1Q21 Allowance for credit losses (ACL) ACL/loans 1.70% 2.06% Total Total ex. LMC & PPP • Reserve release of $53 million – Largely reflects the impact of improving macroeconomic scenario forecasts and lower consumer loan balances – Utilized Moody’s February baseline scenario and applied additional modest weighting to alternative upside and downside scenarios • Also incorporated detailed portfolio reviews of industries currently affected by pandemic $s in millions 1Q21 Period-end % of Total Loans Total allowance for credit losses $ 995 1.70 % Total allowance for credit losses ex. LMC & PPP 990 2.06 % Unrecognized discount - acquired loans ex. LMC & PPP 204 0.43 % Total loss absorption capacity ex. LMC & PPP 1,194 2.49 % $1,048 $(8) $(45) $995 12/31/2020 Net charge-offs Provision expense/(credit) 3/31/2021 ACL/annualized NCOs 3061% Total

16 1Q20 2Q20 3Q20 4Q20 1Q21 CET1 ratio Tier 1 capital ratio Total capital ratio Strong capital position1 Capital levels 9.52% 10.78% 12.47% 10.69% 12.05% 10.25% 12.57% 10.74% 12.83% 11.03% Tangible book value per share 9.68% 0.45% (0.13)% (0.09)% (0.09)% 0.05% 0.10% 9.96% 4Q20 actual Adjusted NIAC Common Dividends Share Buybacks Notable Items Lower Loan Balances Other 1Q21 estimate $10.23 $0.59 $(0.15) $(0.11) $(0.11) $(0.19) $0.04 $10.30 4Q20 actual Adjusted NIAC, net of change in Intangibles Common Dividends Share Buybacks Notable Items AFS Securities MTM Other 1Q21 estimate • Robust PPNR1 and enhanced earnings power provide dividend support and additional loss-absorbing capital • TBVPS of $10.30 increased 1% QoQ • CET1 ratio of 9.96% improved ~28 bps largely reflecting: – 41 bp benefit from GAAP NIAC and lower RWAs partially offset by a 22 bp reduction tied to return of capital to common shareholders • Repurchased 3.6 million shares of common stock during the quarter at a weighted average price of $16.12 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 1Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. 4Q20 vs. 1Q21 CET1 ratio 8.54% 9.25% 9.21% 9.68% 9.96%

17 Merger integration update Integration Framework • Continue to make substantial progress toward achieving key merger milestones • Focused on retaining and growing client base with expanded products and services 1Q21 Milestones • Associate retention remains strong, including in leadership/critical positions (93%) • Continue to merge and enhance our culture via regular virtual leadership workshops, culture calls, and team building sessions • Converted Retail Brokerage • Converted mortgage servicing for retained loans • PPP origination on a single platform • Consolidated corporate properties in New York, Houston and Miami • Completed assessment of business requirements and data mapping ahead of first mock conversion • Finalizing branch consolidation / closure list for 2021 Upcoming Events • Wealth and Trust conversion • Continue upgrades and enhancements to systems/applications ahead of conversion • Migrating PPP forgiveness onto single platform • Move VirtualBank to cloud-based core (Finxact) • Continue consolidation of corporate properties • Mock conversion events • Associate training for all new systems • Core systems conversion scheduled for Fall 2021 P eo p le Sy st em s/ O p s Integration Highlights Targeting annualized cost saves of ~$200 million by 1H22 Achieved ~$19 million of savings in 1Q21 ~$10 million of identified annualized revenue synergies tied to ~$400 million of commercial loans Line of sight to additional fee income and balance sheet revenue synergies across consumer and commercial Annualized Savings Actual Estimated 4Q20 1Q21 2021 2022 ~$56mm ~$76mm ~$115mm ~$200mm

18 2Q21 and Updated FY2021 Outlook Earnings Drivers Expectations for 1Q21 Adjusted Results 1Q21 Actual Results 1Q21 Adjusted Baseline 2Q21 Adjusted Expectations Adjusted 4Q20 Annualized Baseline 2021 Adjusted Expectations Comments Net Interest Income Mid single-digit % NII decline (2.7)% ✔ $511 million (FTE) Flat to low single- digit % decrease $2,088 million (FTE) Low to mid single- digit % decrease 2Q21: Assumes continued growth in excess cash, higher PPP and LMC balances and continued focus on deposit pricing discipline FY21: Expect continued low interest rates, accelerating PPP forgiveness and decreased merger accretion benefits Avg. earning assets up slightly +2.2% ✔ $78.670 billion avg. interest earning assets Low single-digit % increase with average loans down modestly $76.995 avg. interest earning assets Mid single-digit % increase with average loans down mid-single digits Avg. loans down modestly (2.7)% ✔ Noninterest Income Mid-teens % decline +3.2% $297 million High single-digit to low double-digit % decrease $1,144 million Mid to high single-digit % decrease Reflects relatively resilient results in fixed income with lower mortgage banking given higher rates and tight housing market Noninterest Expense Low to mid single-digit % decline (2.1)% ✔ $464 million Relatively stable $1,886 million Low to mid single-digit % decrease Ongoing focus on efficiency in addition to merger cost savesLow single-digit % decline (ex. Incentives & commissions) (5.1)% $365 million - excluding incentives & commissions Low single-digit % increase $1,531 million - excluding incentives & commissions Low single-digit % decrease Net Charge- Offs ~20-30bps 6 bps 6 bps 5 bps - 15 bps 19 bps 10 bps - 20 bps 2Q21/FY21: Potential for continued reserve releases if macroeconomic trends continue to improve CET1 Ratio ~ 9.50% 9.96% 9.96% ~10% 9.68% ~9.50% - 10% Focus on organic growth with optionality to repurchase shares Assumes continued low-rate environment and mid single-digit GDP growth rate with improving pace of recovery in 2H21 assuming gradual improvement in COVID-19 pandemic

19 Well positioned to deliver strong execution • Expanded franchise in attractive, high-growth Southern markets • More diversified business model performing as expected – Strong fee income results helping mitigate interest rate headwinds • Controlling what we can control – Results reflect continued expense and deposit pricing discipline • MOE delivering revenue synergies and expense efficiencies – Continued progress toward ~$200 million of cost saves • Strong credit quality performance – NCOs of 6 bps, or $8 million, on a $58.2 billion portfolio • Delivering enhanced returns Significant opportunities to drive relative outperformance and build shareholder value

APPENDIX 20

21 Update on areas of perceived risk Portfolio by industry as of 3/31/2021 $s in billions Balance % of total loans Subject to more heightend monitoring % of total loans Other C&I $ 6.1 10.4 % $ — — % Finance & Insurance 3.0 5.1 — — Health Care & Social Assistance 2.2 3.8 — — Non-real estate leasing 0.6 1.1 — — Real estate leasing 1.6 2.7 1.6 2.7 Real Estate Rental & Leasing 2.2 3.7 — — Quick serve restaurants and other lower-risk categories 1.1 1.9 — — Higher-risk accommodation and food service 0.7 1.1 0.7 1.1 Accommodation & Food Service 1.8 3.0 — — Wholesale Trade 1.9 3.2 — — Energy 1.6 2.7 1.6 2.7 Manufacturing 1.6 2.7 — — Grocery stores, gas stations, convenience stores, home improvement, auto-related and other lower-risk retail 1.2 2.1 — — Higher-risk retail trade 0.1 0.1 0.1 0.1 Retail Trade 1.3 2.2 — — Transportation & Warehousing 1.2 2.0 — — Golf courses and other outdoor lower- risk sectors 0.3 0.5 — — Fitness centers, recreational centers and other higher-risk arts, entertainment and recreation 0.4 0.6 0.4 0.6 Arts, Entertainment & Recreation 0.7 1.2 — — Total C&I excluding LMC and PPP $ 23.5 40.0 % $ — — % Other CRE 8.9 15.1 — — Lower-risk CRE retail 2.1 3.6 — — Higher-risk CRE retail 0.1 0.2 0.1 0.2 CRE - Retail 2.2 3.8 — — Lower-risk CRE hospitality 1.0 1.8 — — Higher-risk CRE hospitality 0.3 0.5 0.3 0.5 CRE - Hospitality 1.4 2.3 — — Total CRE excluding PPP $ 12.5 21.2 % — — % Total commercial loans excluding LMC and PPP $ 36.0 61.3 % $ 4.7 8.0 % Loans to mortgage companies (LMC) 5.6 9.6 Paycheck protection program (PPP) 5.1 8.6 Total commercial loans $ 46.7 79.5 % Total consumer loans $ 12.1 20.5 % Total loans $ 58.8 100.0 % Total loans excl. LMC and PPP $ 48.1 81.8 % • Continuing to closely monitor industries currently impacted by COVID-19 disruptions; Criticized loans of $2.1 billion vs. $2.0 billion as of December 31, 2020 • Certain challenged sectors are experiencing early stages of recovery • Consumer portfolio asset quality relatively stable; refreshed weighted avg. FICO score of ~769 • Real Estate Rental/Leasing – ~29% non-real estate rental and leasing, primarily equipment with ~71% real estate-related, largely REITs which are diversified across property types • Accommodation/Food Service – ~63% quick service restaurants and other lower risk categories with normalizing trends; higher-risk portfolio largely reflects regional and national casual dining brands • Energy – ~$219 million in oil field services, ~$849 million in E&P - Portfolio clients are hedged 60% through 2021, 28% through 2022 and 17% through 2023 • Retail Trade – Substantially all essential services and other more resilient sectors including home improvement and auto-related • Arts/Entertainment – ~45% tied to golf courses and other lower risk outdoor sectors • CRE – Retail – Granular portfolio with ~1,850+ tenants largely focused on value and necessity-based properties; limited geographic/major tenant concentration; limited regional mall/power center exposure – ~0.5% of CRE-Retail on active deferral vs. ~41% peak deferral • CRE – Hospitality – Predominately flagged properties and limited service/extended stay properties – ~12% of CRE hospitality is on active deferral vs. ~68% peak deferral Portfolios subject to more heightened monitoring decreased 2% QoQ to $4.7 billion, or ~8.0% of loans ex. LMC/PPP Data based on loan balances from credit systems and does not reflect certain general ledger accounting adjustments including unrecognized loan discounts. NAICs codes as of 4Q20. Energy-related loans represented across various categories.

22 FHN reserve and deferrals by portfolio $s in billions Loan Balance Allowance for Loan Losses Allowance Coverage Ratio Portfolios excl. Loans to Mortgage Companies (LMC) & PPP Energy $ 1.6 $ 0.1 6.4 % C&I excl. Energy, LMC, & PPP 21.9 0.3 1.5 Total C&I excl. LMC & PPP 23.5 0.4 1.9 CRE - Other 8.9 0.1 1.3 CRE - Retail 2.2 0.1 2.4 CRE - Hospitality 1.4 0.1 4.6 Total CRE excl. PPP 12.5 0.2 1.9 Total Commercial excl. LMC & PPP 36.0 0.7 1.9 Total Consumer 12.1 0.2 2.0 Total Loans excl. LMC & PPP 48.1 0.9 1.9 LMC 5.6 — 0.1 PPP 5.1 — — Total Loans $ 58.8 $ 0.9 1.5 % Reserve for unfunded commitments $ 58.8 $ 0.1 0.1 % Total Loans to Allowance for Credit Losses $ 58.8 $ 1.0 1.7 % Have Taken a COVID-19 Deferral Are Still on Deferral $s in millions Approx. # of Deferrals Balances with Deferrals % of Total Balances Approx. # of Deferrals Balances with Deferrals % of Total Balances Consumer 5,500 $ 1,229 9.7 % 884 $ 160 1.3 % Commercial excl. PPP 4,291 5,343 12.8 % 100 232 0.6 % Total excl. PPP 9,791 $ 6,572 12.1 % 984 $ 392 0.7 % Allowance for Credit Losses (ACL) to Loans Ratio $s in millions Loan Balance ACL Balance ACL/Loans Total Loans 58,766 $ 995 1.7 % Loans to Mortgage Companies (LMC) 5,633 5 0.1 PPP 5,070 — — Total excl. LMC & PPP $ 48,062 $ 990 2.1 % Data based on loan balances from credit systems and does not reflect certain general ledger accounting adjustments including unrecognized loan discounts. NAICs codes as of 1Q21. Energy-related loans represented across various categories.Numbers may not add to total due to rounding.

23 Notable Items ($s in millions except per share data) Favorable / (Unfavorable) (In millions, except per share data) 1Q21 4Q20 3Q20 Noninterest income: Merger accounting adjustment other noninterest income1 $ (1) $ (1) $ (532) Total noninterest income (1) (1) (532) Noninterest expense: Salaries and benefits — — (1) Incentives and commissions (21) (21) (34) Total personnel expenses (21) (21) (35) Occupancy and equipment (4) (2) (4) Outside services (4) (7) (32) Amortization of intangible assets (1) (1) (1) Other noninterest expense (50) (4) (44) Total noninterest expense (80) (34) (116) Total net notable items (pre-tax) 79 33 (269) Tax impact of notable items 19 13 61 After-tax impact of notable itmes 60 $ 20 (331) EPS impact of notable items $ (0.11) $ 0.04 $ 0.60 Diluted shares 558 557 553 Favorable / (Unfavorable) F H FHN IBKC Financial Statement Caption P r e - T Pre-Tax After-Tax at Marginal Tax Rate Pre-Tax After-Tax at Marginal Tax Rate 2Q20 Salaries and benefits $ $ (5) $ (4) $ (2) $ (2) Incentives and commissions — — (2) (2) Occupancy and equipment — — (1) (1) Outside services (6) (5) (9) (7) Other noninterest expense (4) (3) (1) (1) Total Acquisition and Hazard related expenses $ (14) (12) (15) (12) Other noninterest income - (Gain) loss on sale of investments $ — — (6) (5) Total Notable items $ $ (14) $ (12) $ (9) $ (7) 1Q20 Salaries and benefits $ $ (1) $ (1) $ (2) $ (2) Occupancy and equipment — — (1) — Outside services (2) (2) — — Other noninterest expense (3) (2) — — Total Acquisition and Hazard related expenses $ (6) (5) (3) (3) Total Notable items $ $ (6) $ (5) $ (3) $ (3) 1Merger accounting adjustment is non-taxable income.

24 Estimated Future accretion schedule & reconciliation to GAAP financials Estimated IBKC Securities Premium Amortization1 Estimated IBKC Loan Accretion Estimated Loan Accretion - Other Acquisitions $s in millions $s in millions $s in millions 1Q21 $ 14 1Q21 $ 24 1Q21 $ 8 2Q21-4Q21 $ 35 2Q21-4Q21 $ 47 2Q21-4Q21 $ 14 2022 $ 36 2022 $ 44 2022 $ 13 2023 and beyond $ 65 2023 and beyond $ 80 2023 and beyond $ 11 1Q21 Reported to Core Reconciliation $s in millions NII Margin 1Q21 Reported (FTE) 511 2.63 % Less: non-core items PPP coupon income and fees 24 (0.01) Time Deposit Amortization 4 0.02 Loan Accretion 32 0.17 IBKC Premium Amortization (14) (0.07) 1Q21 Core (FTE) $ 464 2.52 % 3Q20 Reported to Core Reconciliation $s in millions NII Margin 3Q20 Reported (FTE) $ 535 2.84 % Less: non-core items PPP loans and fees 26 (0.02) Current Period loan accretion 44 0.30 Time Deposit Amortization 8 (0.26) Securities Premium Amortization (22) 0.13 3Q20 Core (FTE) $ 479 2.68 % 1Estimated based on market rates and prepayment assumptions as of 3/31/2021. $s in millions 4Q20 4Q20 ex-unusual items 1Q20 Adjusted QoQ NII - Reported (FTE) $ 508 $ 513 511 (4) % NIM - Reported 2.63 % 2.66 % 464 (5) % NII - Core (FTE) $ 479 $ 484 2.63 % (11) NIM - Core (FTE) 2.63 % 2.65 % 2.52 % (13) 2Q20 Reported to Core Reconciliation $s in millions NII Margin 2Q20 Reported (FTE) $ 308 2.90 % Less: non-core items PPP loans and fees 15 0.04 Current Period loan accretion 6 0.06 2Q20 Core (FTE) $ 287 2.80 % 1Q20 Reported to Core Reconciliation $s in millions NII Margin 1Q20 Reported (FTE) $ 305 3.16 % Less: non-core items PPP loans and fees — — Current Period loan accretion 9 0.09 1Q20 Core (FTE) $ 297 3.07 % 4Q20 Reported to Core Reconciliation $s in millions NII Margin 4Q20 Reported (FTE) $ 525 2.71 % Less: non-core items PPP Coupon Income and Fees 20 (0.05) Time Deposit Amortization 8 0.04 Loan Accretion 33 0.19 IBKC Premium Amortization (18) (0.10) 4Q20 Core (FTE) $ 482 2.63 % 4Q20 Reported (FTE) 525 2.71 Less: unusual items (5) (0.03) 4Q20 Reported ex-unusual items $ 530 2.74 % 4Q20 Core (FTE) $ 482 2.63 % Less: unusual items (5) (0.03) 4Q20 Core ex-unusual items $ 488 2.65 %

25 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Adjusted FHN historical quarterly income statements 1Q21 4Q20 3Q20 2Q20 1Q20 ($s in millions, except per share data) GAAP Notable Items Non- GAAP GAAP Notable Items Non- GAAP GAAP Notable Items Non- GAAP GAAP Notable Items Non- GAAP GAAP Notable Items Non- GAAP Interest income - FTE $ 552 $ 3 $ 555 $ 574 $ 3 $ 578 $ 598 $ 3 $ 601 $ 347 $ 3 $ 349 $ 378 $ 2 $ 381 Interest expense- FTE 45 — 45 53 — 53 66 — 66 41 — 41 76 — 76 Net interest income- FTE 508 3 511 522 3 525 532 3 535 305 3 308 303 2 305 Less: Taxable-equivalent adjustment — 3 3 — 3 3 — 3 3 — 3 3 — 2 2 Net interest income 508 — 508 522 — 522 532 — 532 305 — 305 303 — 303 Noninterest income: Fixed income 126 — 126 104 — 104 111 — 111 112 — 112 96 — 96 Mortgage banking and title 53 — 53 57 — 57 66 — 66 4 — 4 2 — 2 Brokerage, trust, and insurance 33 — 33 31 — 31 30 — 30 22 — 22 23 — 23 Service charges and fees 53 — 53 53 — 53 50 — 50 35 — 35 36 — 36 Card and digital banking fees 17 — 17 18 — 18 17 — 17 12 — 12 12 — 12 Deferred compensation income 3 — 3 9 — 9 4 — 4 8 — 8 (10) — (10) Other noninterest income 15 (1) 14 16 (1) 15 546 (532) 14 12 — 12 15 — 15 Total noninterest income 298 (1) 297 288 (1) 288 823 (532) 291 206 — 206 175 — 175 Total revenue 806 (1) 805 810 (1) 810 1,355 (532) 823 512 — 512 478 — 478 Noninterest expense: Personnel expense: Salaries and benefits 196 — 195 200 — 200 201 (1) 200 111 (5) 107 113 (1) 112 Incentives and commissions 120 (21) 99 110 (21) 89 126 (34) 91 79 — 79 81 — 81 Deferred compensation expense 3 — 3 9 — 9 3 — 3 9 — 9 (10) — (10) Total personnel expense 318 (21) 297 319 (21) 298 329 (35) 294 200 (5) 195 183 (1) 182 Occupancy and equipment 76 (4) 72 76 (2) 74 77 (4) 73 46 — 46 44 — 44 Outside services 58 (4) 54 59 (7) 52 78 (32) 46 38 (5) 33 38 (2) 37 Amortization of intangible assets 14 (1) 13 15 (1) 14 15 (1) 14 5 — 5 5 5 Other noninterest expense 78 (50) 28 39 (4) 35 89 (44) 45 31 (4) 27 31 (3) 28 Total noninterest expense 544 (80) 464 508 (34) 474 587 (116) 471 321 (14) 307 302 (6) 296 Pre-provision net revenue 262 79 340 302 33 335 768 (416) 352 191 14 205 175 6 181 Provision for credit losses (45) — (45) 1 — 1 227 (147) 80 121 — 121 154 — 154 Income before income taxes 307 79 386 301 33 334 541 (269) 272 69 14 84 21 6 27 Provision for income taxes 71 19 90 56 13 69 2 61 63 13 3 15 5 1 6 Net income 235 60 295 245 20 265 539 (331) 208 57 12 68 16 5 21 Net income attributable to noncontrolling interest 3 3 3 — 3 3 — 3 3 — 3 3 — 3 Net income attributable to controlling interest 233 60 292 242 20 262 536 (331) 205 54 12 66 14 5 18 Preferred stock dividends 8 — 8 8 — 8 13 — 13 2 — 2 2 — 2 Net income available to common shareholders $ 225 $ 60 $ 284 $ 234 $ 20 $ 255 $ 523 $ (331) $ 193 $ 52 $ 12 $ 64 $ 12 $ 5 $ 17 Common Stock Data EPS $ 0.41 $ (0.11) $ 0.51 $ 0.42 $ (0.04) $ 0.46 $ 0.95 $ 0.60 $ 0.35 $ 0.17 $ (0.04) $ 0.21 $ 0.04 $ (0.01) $ 0.05 Basic shares 552 552 553 553 550 550 312 312 312 312 Diluted EPS $ 0.40 $ (0.11) $ 0.51 $ 0.42 $ (0.04) $ 0.46 $ 0.95 $ 0.60 $ 0.35 $ 0.17 $ (0.04) $ 0.20 $ 0.04 $ (0.01) $ 0.05 Diluted shares 558 558 557 557 551 551 313 313 313 313 Memo: Total Revenue-FTE (Non-GAAP) $ 806 $ 2 $ 808 $ 810 $ 2 $ 813 $ 1,355 $ (529) $ 826 $ 512 $ 3 $ 514 $ 478 $ 2 $ 480 PPNR-FTE (Non-GAAP) 262 82 343 302 36 339 768 (414) 355 191 17 207 175 8 183

26 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Adjusted Combined Historical Data: non-interest income and expense 2Q20 1Q20 ($s in millions, except per share data) FHN IBKC Combined FHN IBKC Combined Noninterest income: Fixed income $ 112 $ — $ 112 $ 96 $ — $ 96 Mortgage banking and title 4 49 53 2 29 32 Brokerage, trust, and insurance 22 11 33 23 10 34 Service charges and fees 35 11 46 36 14 50 Card and digital banking fees 12 5 17 12 6 19 Deferred compensation income 8 — 8 (10) — (10) Other noninterest income 12 5 18 15 6 21 Total noninterest income $ 206 $ 81 $ 287 $ 175 $ 65 $ 240 Noninterest expense: Personnel expense: Salaries and benefits $ 111 $ 81 $ 193 $ 113 $ 81 $ 194 Incentives and commissions 75 22 97 80 20 100 Deferred compensation expense 9 — 10 (10) — (10) Total personnel expense 195 104 300 182 101 283 Occupancy and equipment 46 28 74 44 28 72 Outside services 32 14 46 36 12 49 Amortization of intangible assets 5 4 9 5 4 9 Other noninterest expense 27 30 57 28 30 58 Total noninterest expense $ 307 $ 179 $ 486 $ 296 $ 174 $ 471

27 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Adjusted 1Q21 FHN compared to adjusted combined historical data: non-interest income and expense 1Q21 4Q20 3Q20 2Q20 1Q20 1Q21 vs 4Q20 1Q21 vs 1Q20 ($s in millions, except per share data) FHN FHN FHN FHN/IBKC Combined FHN/IBKC Combined $/bps % $/bps % Noninterest income: Fixed income $ 126 $ 104 $ 111 $ 112 $ 96 $ 22 21 % $ 30 31 % Mortgage banking and title 53 57 66 53 32 (4) (7) 21 66 Brokerage, trust, and insurance 33 31 30 33 34 2 6 (1) (3) Service charges and fees 53 53 50 46 50 — — 3 6 Card and digital banking fees 17 18 17 17 19 (1) (6) (2) (11) Deferred compensation income 3 9 4 8 (10) (6) (67) 13 (130) Other noninterest income 14 15 14 18 21 (1) (7) (7) (33) Total noninterest income $ 297 $ 288 $ 291 $ 287 $ 240 $ 9 3 % $ 57 24 % Noninterest expense: Personnel expense: Salaries and benefits $ 195 $ 200 $ 200 $ 193 $ 194 $ (5) (3) % $ 1 1 % Incentives and commissions 99 89 91 97 100 10 11 (1) (1) Deferred compensation expense 3 9 3 10 (10) (6) (67) 13 (130) Total personnel expense 297 298 294 300 283 (1) — 14 5 Occupancy and equipment 72 74 73 74 72 (2) (3) — — Outside services 54 52 46 46 49 2 4 5 10 Amortization of intangible assets 13 14 14 9 9 (1) (7) 4 44 Other noninterest expense 28 35 45 57 58 (7) (20) (30) (52) Total noninterest expense $ 464 $ 474 $ 471 $ 486 $ 471 $ (10) (2) % $ (7) (1) %

28 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. FHN Adjusted 1Q21 compared to Adjusted 4Q20 excluding unusual items 1Q21 4Q20 1Q21 vs. 4Q20 Adj. ex-unusual items ($s in millions, except per share data) Adjusted Adjusted Unusual Items Ex-unusual items $ % Net interest income (FTE) 511 525 $ 5 $ 530 $ (19) (4) % Noninterest income: Fixed income 126 104 — 104 22 21 % Mortgage banking and title 53 57 — 57 (4) (7) % Brokerage, trust, and insurance 33 31 — 31 2 5 % Service charges and fees 53 53 — 53 — — % Card and digital banking fees 17 18 — 18 (1) (7) % Deferred compensation income 3 9 — 9 (6) (65) % Other noninterest income 14 15 3 18 (4) (23) % Total noninterest income $ 297 $ 288 $ 3 $ 291 $ 6 2 % Total revenue (FTE) $ 808 $ 813 $ 8 $ 821 $ (13) (2) % Noninterest expense: Personnel expense: Salaries and benefits $ 195 $ 200 $ — $ 200 $ (5) (3) % Incentives and commissions 99 89 (8) 81 18 22 % Deferred compensation expense 3 9 — 9 (6) (67) % Total personnel expense 297 298 (8) 290 7 2 % Occupancy and equipment 72 74 — 74 (2) (3) % Outside services 54 52 — 52 2 4 % Amortization of intangible assets 13 14 — 14 (1) (7) % Other noninterest expense 28 35 5 40 (12) (30) % Total noninterest expense $ 464 $ 474 $ (3) $ 471 $ (7) (2) % Pre-provision net revenue $ 343 $ 335 $ 11 $ 346 $ (3) (1) % Memo: Expense ex. incentives and commisions $ 365 $ 385 $ 5 $ 390 $ 775 $ (25) (6) %

29 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. 1Q21 & 4Q20 compared to Combined Historical Balance Sheet Data 1Q21 4Q20 1Q20 4Q19 $s in millions FHN FHN FHN IBKC Combined FHN IBKC Combined Loans and Leases: Commercial $ 46,421 79 % $ 45,379 78 % $ 26,764 $ 17,141 $ 43,905 76 % $ 24,388 $ 16,612 $ 41,000 74 % Loans to Mortgage Companies (LMC) 5,530 9 5,404 9 5,714 — 5,714 10 4,411 — 4,411 8 PPP 5,071 9 4,052 7 — — — — — — — — Commercial Loans excl. LMC & PPP 35,820 61 35,923 62 21,050 17,141 38,191 66 19,977 16,612 36,589 66 Consumer real estate 11,053 19 11,725 20 6,119 6,776 12,895 22 6,177 6,726 12,903 23 Credit card and other 1,126 2 1,128 2 495 625 1,120 2 496 683 1,179 2 Loans and leases, net of unearned income $ 58,600 100 % $ 58,232 100 % $ 33,378 $ 24,542 $ 57,920 100 % $ 31,061 $ 24,021 $ 55,082 100 % Interest-bearing liabilities & DDA: Interest-bearing deposits: Savings $ 27,023 35 % $ 27,324 37 % $ 13,860 $ 10,010 $ 23,870 35 % $ 11,665 $ 9,805 $ 21,470 34 % Time deposits 4,653 6 5,070 7 3,058 3,841 6,899 10 3,618 4,274 7,892 12 Other interest-bearing deposits 16,444 21 15,415 21 8,561 5,046 13,607 20 8,717 4,821 13,538 21 Total interest-bearing deposits 48,120 62 47,810 64 25,480 18,897 44,377 65 24,001 18,900 42,901 67 Trading liabilities 454 1 353 — 453 — 453 1 506 — 506 1 Short-term borrowings 2,203 3 2,198 3 5,325 391 5,716 8 3,518 204 3,722 6 Term borrowings 1,671 2 1,670 2 793 1,288 2,081 3 791 1,344 2,135 3 Total interest-bearing liabilities 52,448 68 52,030 70 32,050 20,576 52,626 77 28,816 20,447 49,263 77 DDA 25,046 32 22,173 30 8,940 6,629 15,569 23 8,429 6,320 14,749 23 Total interest-bearing liabilities & DDA $ 77,494 100 % $ 74,203 100 % $ 40,990 $ 27,205 $ 68,195 100 % $ 37,245 $ 26,767 $ 64,012 100 % Loans to Deposits ratio 80 % 83 % 97 % 96 % 97 % 96 % 95 % 96 %

30 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. ($s in millions, except per share data) 1Q21 4Q20 3Q20 2Q20 1Q20 Tangible Common Equity (Non-GAAP) (A) Total equity (GAAP) $ 8,307 $ 8,307 $ 8,144 $ 5,208 $ 5,056 Less: Noncontrolling interest 295 295 295 295 295 Less: Preferred stock 470 470 470 240 96 (B) Total common equity $ 7,541 $ 7,541 $ 7,378 $ 4,673 $ 4,665 Less: Intangible assets (GAAP) 1,850 1,864 1,876 1,552 1,558 (C) Tangible common equity (Non-GAAP) $ 5,691 $ 5,677 $ 5,502 $ 3,120 $ 3,107 Tangible Assets (Non-GAAP) (D) Total assets (GAAP) $ 87,513 $ 84,209 $ 83,030 $ 48,645 $ 47,197 Less: Intangible assets (GAAP) 1,850 1,864 1,876 1,552 1,558 (E) Tangible assets (Non-GAAP) $ 85,663 $ 82,345 $ 81,154 $ 47,092 $ 45,640 Period-end Shares Outstanding (F) Period-end shares outstanding 552 555 555 312 312 Ratios (A)/(D) Total equity to total assets (GAAP) 9.49 % 9.86 % 9.81 % 10.71 % 10.71 % (C)/(E) Tangible common equity to tangible assets (“TCE/TA”) (Non-GAAP) 6.64 % 6.89 % 6.78 % 6.63 % 6.81 % (B)/(F) Book value per common share (GAAP) $ 13.65 $ 13.59 $ 13.30 $ 14.96 $ 14.96 (C)/(F) Tangible book value per common share (Non-GAAP) $ 10.30 $ 10.23 $ 9.92 $ 9.99 $ 9.96

31 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. ($s in millions, except per share data) 1Q21 4Q20 3Q20 2Q20 1Q20 Adjusted Diluted EPS Net income available to common ("NIAC") (GAAP) a $ 225 $ 234 $ 523 $ 52 $ 12 Plus Tax effected notable items (Non-GAAP) 60 20 (331) 12 5 Adjusted NIAC (Non-GAAP) b $ 284 $ 255 $ 193 $ 64 $ 17 Diluted Shares (GAAP) c 558 557 551 313 313 Diluted EPS (GAAP) a/c $ 0.40 $ 0.42 $ 0.95 $ 0.17 $ 0.04 Adjusted diluted EPS (Non-GAAP) b/c $ 0.51 $ 0.46 $ 0.35 $ 0.20 $ 0.05 Adjusted Net Income ("NI") and Adjusted Return on Assets ("ROA") Net Income ("NI") (GAAP) $ 235 $ 245 $ 539 $ 57 $ 16 Plus Tax effected notable items (Non-GAAP) 60 20 (331) 12 5 Adjusted NI (Non-GAAP) $ 295 $ 265 $ 208 $ 68 $ 21 NI (annualized) (GAAP) d $ 955 $ 974 $ 2,144 $ 228 $ 66 Adjusted NI (annualized) (Non-GAAP) e $ 1,198 $ 1,055 $ 829 $ 275 $ 84 Average assets (GAAP) f $ 85,401 $ 83,809 $ 81,683 $ 47,934 $ 43,552 ROA (GAAP) d/f 1.12 % 1.16 % 2.63 % 0.48 % 0.15 % Adjusted ROA (Non-GAAP) e/f 1.40 % 1.26 % 1.01 % 0.57 % 0.19 % Return on Average Common Equity ("ROCE")/ Return on Average Tangible Common Equity ("ROTCE")/ Adjusted ROTCE NIAC (annualized) (GAAP) g $ 911 $ 933 $ 2,082 $ 210 $ 49 Adjusted NIAC (annualized) (Non-GAAP) h $ 1,154 $ 1,013 $ 767 $ 257 $ 67 Average Common Equity (GAAP) i $ 7,583 $ 7,444 $ 7,309 $ 4,673 $ 4,611 Intangible Assets (GAAP) 1,857 1,871 1,794 1,555 1,560 Average Tangible Common Equity (Non-GAAP) j $ 5,726 $ 5,573 $ 5,515 $ 3,117 $ 3,051 Equity Adjustment (Non-GAAP) — — — — — Adjusted Average Tangible Common Equity (Non-GAAP) k $ 5,726 $ 5,573 $ 5,515 $ 3,117 $ 3,051 ROCE (GAAP) g/i 12.01 % 12.53 % 28.49 % 4.50 % 1.05 % ROTCE (Non-GAAP) g/j 15.90 % 16.73 % 37.75 % 6.74 % 1.59 % Adjusted ROTCE (Non-GAAP) h/k 20.15 % 18.18 % 13.90 % 8.26 % 2.19 %

32 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. $ in millions except per share data) 1Q21 4Q20 3Q20 2Q20 1Q20 Adjusted Noninterest Income as a % of Total Revenue Noninterest income (GAAP) a $ 298 $ 288 $ 823 $ 206 $ 175 Plus notable items (GAAP) (1) (1) (532) — — Adjusted noninterest income (Non-GAAP) b 297 288 291 206 175 Revenue (GAAP) c 806 810 1,355 512 478 Taxable-equivalent adjustment 3 3 3 3 2 Revenue- Taxable-equivalent (Non-GAAP) $ 809 $ 813 $ 1,358 $ 514 $ 480 Plus notable items (GAAP) (a) (1) (1) (532) — — Adjusted revenue (Non-GAAP) d 808 813 826 514 480 Noninterest income as a % of total revenue (GAAP) a/c 37.00 % 35.61 % 60.72 % 40.32 % 36.59 % Adjusted noninterest income as a % of total revenue (Non-GAAP) b/d 36.78 % 35.42 % 35.20 % 40.12 % 36.42 % Adjusted Efficiency Ratio Noninterest expense (GAAP) e $ 544 $ 508 $ 587 $ 321 $ 302 Plus notable items (GAAP) (80) (34) (116) (14) (6) Adjusted noninterest expense (Non-GAAP) f 464 474 471 307 296 Revenue (GAAP) g 806 810 1,355 512 478 Taxable-equivalent adjustment 3 3 3 3 2 Revenue- Taxable-equivalent (Non-GAAP) $ 809 $ 813 $ 1,358 $ 514 $ 480 Plus notable items (GAAP) (a) (1) (1) (532) — — Adjusted revenue (Non-GAAP) h 808 813 826 514 480 Efficiency ratio (GAAP) e/g 67.53 % 62.71 % 43.31 % 62.74 % 63.26 % Adjusted efficiency ratio (Non-GAAP) f/h 57.49 % 58.34 % 57.06 % 59.65 % 61.76 % Adjusted Reserve Build Provision for credit losses (GAAP) i $ (45) 1 $ 227 $ 121 $ 154 Plus notable items (GAAP) — — (147) — — Adjusted provision for credit losses (Non-GAAP) j $ (45) $ 1 $ 80 $ 121 $ 154 Net Charge-offs (GAAP) k $ 8 $ 29 $ 67 $ 17 $ 7 Reserve Build/(Release) i-k $ (53) $ (28) $ 160 $ 104 $ 147 Adjusted Reserve Build/(Release) j-k $ (53) $ (28) $ 13 $ 104 $ 147

33 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. $ in millions except per share data) 1Q21 NIAC (GAAP) $ 225 Tax effected Notable Items $ 60 Adjusted NIAC (Non-GAAP) $ 284 Tax effected provision credit $ (36) Adjusted NIAC before provision credit (Non-GAAP) $ 248 NIAC (annualized) (GAAP) a $ 911 Adjusted NIAC (annualized) Non-GAAP) b $ 1,154 Adjusted NIAC before provision credit (annualized) (Non-GAAP) c 1,007 Average Common Equity (GAAP) d $ 7,583 Intangible Assets (GAAP) $ 1,857 Average Tangible Common Equity (Non-GAAP) e $ 5,726 Equity Adjustment for provision credit (Non-GAAP) $ 12 Adjusted Average Tangbile Common Equity (Non-GAAP) f $ 5,715 ROCE (GAAP) a/d 12.0 % ROTCE (Non-GAAP) a/e 15.9 % Adjusted ROTCE (Non-GAAP) b/e 20.2 % Adjusted ROTCE before provision credit (Non-GAAP) c/f 17.6 %