Exhibit 99.2

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

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

Credit Quality · net Lending general to Specialty to down related charged National been to deterioration have confined some loans deterioration showing nonperforming portfolio all credit ofconditions value of Majorityportfolios Remaindereconomic Substantiallyrealizable · [Graphic Appears Here] Public Filings Source: [Graphic Appears Here] Includes Regional Banking and Capital Markets segments ¹ Includes all other loans not allocated to a segment on this page includes $16mm allowance allocated to National Specialty other ² Other NPLs

Performance Overview Expect residential CRE portfolio to shrink to ~$1.5bn by year-end 2008 Residential CRE - Total Balance National Balance 1Q08 2.0 bn 1.4 bn — $ $ 4 Q07 2.1 bn 1.4 bn —— — $ $ 3 Q07 2.2 bn 1.5 bn —— — $ $ 2 Q07 2.3 bn 1.5 bn —— — $ $ 1 Q07 2.3 bn 1.5 bn —— — $ $ Total Commitments [Graphic Appears Here] % Completion NPL % Charge-offs % 70 % 2.73 % 12.07 % 5.93 % 66 % 3.56 % 6.43 % 3.82 % 65 % 1.25 % 3.93 % 0.51 % 65 % 1.96 % 1.67 % 0.29 % 64 % 0.82 % 0.41 % 0.43 % Public Filings, First Horizon Internal Information Source:

($2.0 billion total balance) Residential CRE Geographic Concentration [Graphic Appears Here] Collateral Type [Graphic Appears Here] 11.9% 18.0% 7.8% 17.9% 10.1% 12.1% 119 43 32 25 17 237 1-4 Family Condo Land Development Raw Land Developed Land Total — 29.0% 17.0% 23.0% 3.0% 11.0% 4.0% 12.0% 6.0% 2.0% 15.5% 12.1% 68 30 23 11 9 8 7 7 2 73 237 FL CA VA TN CO WA GA TX NC Other Total [Graphic Appears Here] First Horizon Internal Information Public Filings; Collateral Type -Geographic -Source:

Performance Overview One-Time Close - · a as 2008, year-end sheet by balance market the on $600-650mm secondary retained to in shrink sold mortgages to mortgages prime off portfolio prime performing charged close following: performing $90mm one-time the of $700mm $700mm-$1.1bn Approximately · Expect result · Total Balance Total Commitments % Completion 30+ Delinquency % NPL % Charge-offs % [Graphic Appears Here] 1Q08 1.8 bn 70 % 2.67 % 4.63 % — $10.95 % 4 Q07 2.0 bn 66 % 2.50 % 5.68 % 2.18 % —— — $ 3 Q07 2.2 bn 63 % 1.91 % 3.21 % 1.16 % —— — $ 2 Q07 2.2 bn 61 % 1.08 % 2.60 % 0.68 % —— — $ 1 Q07 2.1 bn 61 % 1.73 % 1.41 % 0.14 % —— — $ [Graphic Appears Here] Public Filings, First Horizon Internal Information Source:

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

Home Equity Portfolio Characteristics Portfolio Characteristics Geographic Distribution Balance Original FICO Original CLTV Full Doc Owner Occupied HELOCs Weighted Avg. HELOC Utilization Total 8.0bn 732 82% 70% 95% 4.4bn 51% — $$ 5.8bn 738 83% 70% 97% 3.7bn 52% Second $ $ — First 2.1bn 726 78% 72% 86% 0.6bn 44% — $$ [Graphic Appears Here] Core Banking Customers Asset Quality Metrics(consolidated) Delinquency Distribution NPL 30+ Delinq. Charge-offs [Graphic Appears Here]

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

C & I and Income CRE Portfolio C & I Balance by Channel [Graphic Appears Here] Income CRE Balance by Channel [Graphic Appears Here] 40 11 Mar-08 0.57% 2.01% 1.94% mm) 10 Public Filings $ 5 1 Dec-07 Charge-offs 1.96% 0.27% 0.13% Source: — 38 1 NPL 0.86% 0.06% 0.12% 1 Sep-07 (consolidated) 17 1 0.38% 0.06% 0.04% 7 0.2 Jun-07 30+ Delinq. Income CRE Asset 2 0.0 0.07% 0.09% 0.01% Quality ( 1 Mar-07 30+ Delinq. % NPL % Charge-offs % — 45 15 Mar-08 0.93% 0.64% 0.83% mm) 67 $ 17 4 Dec-07 Charge-offs 0.50% 0.24% 0.20% — 35 24 10 Sep-07 NPL 0.41% 0.33% 0.57% (consolidated) 29 22 8 Jun-07 30+ Delinq. 0.66% 0.31% 0.45% C & I Asset Quality ( 47 33 10 Mar-07 0.50% 0.45% 0.55% 36 30+ Delinq. % NPL % Charge-offs % [Graphic Appears Here] [Graphic Appears Here] [Graphic Appears Here]

Expectations and Risks Summary · on pressure downward that assumes2009 into forecastcontinue thiswill invalues environmentestate economicreal Theresidential 120 mm 150 mm 425 mm ³ $ $ $ - Post-2008 75- 50- 2 Expectation ¹ $ $ 150 $ mm) 72 118 95 115 49 33 483 $ $ Allowance at 3/31/08 ( — mm) 129 162 99 484 Total $ $ ( mm) 30 50 20 100 $ $ Estimated 2008 Downside Risk Incremental ( — 99 112 79 60 20 14 384 Total 2008 (Estimate) $ mm) $ 70 90 60 45 10 10 285 Charge-Offs ( 2Q08-4Q08 (Estimate) $ 29 22 19 15 10 4 99 1Q08 (Actual) $ bn) $2.0 1.8 8.0 7.2 2.0 1.0 Balance ( 21.9 Period End            at 3/31/08 $ Portfolio Residential CRE            One-Time Close            Home Equity            Commercial            Income CRE            Other Total First Horizon Internal Information Source: Based on total commitments for each portfolio ¹ [Graphic Appears Here] positively differentiated performance from FHN sold andEstimate assumes loss rates for balance sheet portfolio accelerate to the ³blended cumulative loss rates for the balance sheet, sold, and securitized portfolios combined Estimate assumes losses in balance sheet portfolio continue samesecuritized portfolio as achieved historically ²

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

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

As of 12/31/07SNL Financial ² Source: Potential Capital Position Methodology Assumptions · 3/31/08 of at illustrate range to calculated place made a are takes under ratios assumptions ratios capital transaction capital scenarios forma assuming potential Pro Simplifying credit · · ¹ $10.75 (each of estimates TCE/TA of stock constant close earnings broker in increase paid remain would 4/25/08 median be to to pre-provision on to reduction equal based assumed assumed price pre-tax 17bps) rate $423.5mm level asset tax Q2-Q4 Dividend Asset $1bn approx. Issuance 35% · 900mm 9.1% 920 320 13.8% 1,140 7.4% 890 5.8% 31011.80 $ $ 600mm 9.7% 1,120 510 14.4% 1,340 7.9% 1,080 6.4% 50012.90 $ $ Illustrative 12/31/08 Capital Ratios 300mm 10.4% 1,310 710 15.1% 1,530 8.5% 1,280 6.9% 70014.00 Assuming Remaining 2008 Provision of $ $ 600 mm 1,2306301,4501,200 62013.50 $10.1 % 14.8% 8.2% 6.7% Illustrative for Capital Raise $ 1Q08 8.1% 630 30 12.8% 850 6.6% 600 5.0% 2014.67 $ mm, except per share values) $ ( Tier 1 RBC Excess to Well Capitalized — 6.0% Excess to Benchmark — 8.0% Total Capital Excess to Well Capitalized — 10.0% Tier 1 Leverage Excess to Well Capitalized — 5.0% TCE/TA Excess to 5.0% Tangible Book Value Per Share Montgomery, JPMorgan, Sachs, Janney Merrill Lynch, Stanford Group, Stern Agee, Stifel Nicolaus Includes brokers with quarterly earningDs estimates: FBR, Goldman ¹