8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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):

January 17, 2006

AMSOUTH BANCORPORATION

(Exact name of registrant as specified in its charter)

DELAWARE	1-7476	63-0591257
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

AMSOUTH CENTER

1900 FIFTH AVENUE NORTH

BIRMINGHAM, ALABAMA 35203

(Address, including zip code, of principal executive office)

Registrant’s telephone number, including area code: (205) 320-7151

Not applicable

(Former name or former address, if changed since 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:

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On January 17, 2006 AmSouth Bancorporation issued a press release announcing its preliminary results of operations for the quarter and year ended December 31, 2005. A copy of the press release is attached hereto and incorporated herein as Exhibit 99.1. Supplemental financial information for the quarter and year ended December 31, 2005 is included as Exhibit 99.2 and may also be found on AmSouth’s website at www.amsouth.com. In accordance with general instruction B.2 of Form 8-K, this information is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Press Release dated January 17, 2006

99.2 Supplemental Financial Information

SIGNATURE

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.

AMSOUTH BANCORPORATION
By:	/s/ John D. Buchanan
Name:	John D. Buchanan
Title:	Executive Vice President, General Counsel and Corporate Secretary

Date: January 17, 2006

EX-99.1

EXHIBIT 99.1

News Release AmSouth Bancorporation Post Office Box 11007 Birmingham, Alabama 35288

FOR IMMEDIATE RELEASE

Contact:	(Investment Community)	List Underwood	(205) 801-0265
	(News Media)	Rick Swagler	(205) 801-0105
	To hear a webcast of the conference call with analysts at 2 p.m. CST, January 17, 2006, go to www.amsouth.com and click on the webcast link under “Message Center.” For supplemental financial information about the fourth quarter results, visit the Investor Relations Resource Center on AmSouth’s web site at www.amsouth.com/irrc.

AmSouth Reports Earnings for Fourth Quarter and 2005;

Net Income for 2005 Reaches Record $725.7 Million

BIRMINGHAM, Ala., Jan. 17, 2006 – AmSouth Bancorporation (NYSE: ASO) today reported earnings for the fourth quarter ended Dec. 31, 2005, of $.52 per diluted share, compared to $.49 per diluted share reported for the fourth quarter of 2004. Net income for the fourth quarter of 2005 was $182.1 million versus $176.9 million for the same period in 2004.

AmSouth’s fourth quarter performance resulted in a return on average equity of 20.4 percent, a return on average assets of 1.40 percent, and an efficiency ratio of 51.7 percent.

“AmSouth finished 2005 with record earnings for the year, highlighted by strong loan growth, solid deposit growth, and an expanding net interest margin in the fourth quarter,” said Dowd Ritter, AmSouth’s chairman, president and chief executive officer. “We intend to carry that strong momentum into this new year as we accelerate our expansion efforts in our fast-growing Florida markets.”

For the year, reported earnings were a record $725.7 million or $2.04 per diluted share, compared with $623.5 million or $1.74 per diluted share in 2004. Results for 2004 included charges related to a previously announced regulatory settlement. Excluding those expenses, earnings would have been $675.9 million or $1.89 per diluted share in 2004, resulting in earnings per share growth of 7.9 percent in 2005 (see Reconciliation of GAAP Amounts to Adjusted Amounts in the attached financial tables). Return on equity for 2005 was 20.4 percent, return on assets was 1.43 percent, and the efficiency ratio was 52.0 percent.

Net interest income in the fourth quarter grew to $392.2 million, or an annual rate of 18.6 percent compared with the prior quarter, and the net interest margin expanded 6 basis points during the quarter to 3.37 percent. Strong loan growth continued, particularly in Commercial Real Estate, which grew 19.9 percent, and Residential Mortgage lending, which grew 20.4 percent, compared with the fourth quarter of 2004. Low-cost deposits grew $2.5 billion or 11.4 percent during the same period.

Noninterest revenue, which includes earnings from service charges, trust, investment services, interchange, and other sources of fee income, was $216.9 million for the quarter. Noninterest expenses in the fourth quarter were $320.6 million, demonstrating disciplined expense control. Personnel costs, the largest single category of noninterest expense, increased only 2.0 percent over the same period in 2004.

Credit quality remained strong despite the effects of a single commercial credit, which was previously provided for, that was charged off in the quarter. Net charge-offs were 0.44 percent of average net loans in the fourth quarter, increasing 25 basis points compared with the third quarter of 2005. Without the effect of the single commercial credit, net charge-offs would have been 0.24 percent, a 5 basis point increase. The ratio of loan loss reserves to total loans was 1.02 percent at December 31, 2005.

Total nonperforming assets at December 31, 2005, were $122.9 million, or 0.34 percent of loans net of unearned income, foreclosed properties and repossessions, compared to $98.1 million, or 0.29 percent, in the previous quarter. The increase is due to leases to commercial airlines suffering well-publicized financial difficulties. Loans past due over 90 days were $86.1 million at the end of the quarter, reflecting an increase related to the effects of Hurricane Katrina.

For 2006, AmSouth management expects earnings per share for the full year to be in the range of $2.11 to $2.17, including the impact of the adoption of Statement of Financial Accounting Standard No. 123R. This statement includes, among other things, stock option expensing and is estimated to reduce earnings between $0.02 and $0.03 per share, which is reflected in the guidance above. This forecast generally assumes a stable economy, moderately rising interest rates and flat equity markets, as well as these factors:

• Higher net interest income reflecting a relatively stable net interest margin; solid loan growth with disciplined pricing, coupled with continued strong low-cost deposit growth;

• A continuation of strong core credit quality;

• Steady growth in total noninterest revenues from current levels; and

• Modest noninterest expense growth in the low to mid-single digits.

For supplemental financial information about the fourth quarter results, please refer to the Form 8-K filed by AmSouth with the Securities and Exchange Commission on January 17, 2006, or visit the Investor Relations Resource Center on AmSouth’s web site at www.amsouth.com.

About AmSouth

AmSouth is a regional bank holding company with over $52 billion in assets, more than 680 branch banking offices and more than 1,200 ATMs. AmSouth operates in Florida, Tennessee, Alabama, Mississippi, Louisiana and Georgia. AmSouth is a leader among regional banks in the Southeast in several key business segments, including consumer and commercial banking, small business banking, mortgage lending, equipment leasing, and trust and investment management services. AmSouth also offers a complete line of banking products and services at its web site, www.amsouth.com.

Forward Looking Statements

Statements in this document that are not purely historical are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995), including any statements regarding descriptions of management’s plans, objectives or goals for future operations, products or services, and forecasts of its revenues, earnings or other measures of performance. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. A number of factors – many of which are beyond AmSouth’s control – could cause actual conditions, events or results to differ materially from those described in the forward-looking statements. Factors which could cause results to differ materially from current management expectations include, but are not limited to: specific factors described in the text of this document; the execution of AmSouth’s strategic initiatives; legislation and regulation; general economic conditions, especially in the Southeast; the performance of the stock and bond markets; changes in interest rates, yield curves and interest rate spread relationships; prepayment speeds within the loan and investment security portfolios; deposit flows; the cost of funds; cost of federal deposit insurance premiums; demand for loan products; demand for financial services; competition, including a continued consolidation in the financial services industry; changes in the quality or composition of AmSouth’s loan and investment portfolios including capital market inefficiencies that may affect the marketability and valuation of available-for-sale securities; changes in consumer spending and saving habits; technological changes; adverse changes in the financial performance and/or condition of AmSouth’s borrowers which could impact the repayment of such borrowers’ loans; changes in accounting and tax principles, policies or guidelines and in tax laws; other economic, competitive, governmental and regulatory factors affecting AmSouth’s operations, products, services and prices; the effects of weather and natural disasters, such as hurricanes; unexpected judicial actions and developments; results of investigations, examinations, and reviews of regulatory and law enforcement authorities; the outcome of litigation, which is inherently uncertain and depends on the findings of judges and juries; the impact on AmSouth’s businesses, as well as on the risks set forth above, of various domestic or international military or terrorist activities or

conflicts; and AmSouth’s success at managing the risks involved in the foregoing. Forward-looking statements speak only as of the date they are made. AmSouth does not undertake a duty to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Unaudited

AmSouth Bancorporation

SUMMARY FINANCIAL INFORMATION

($ in thousands, except per share data)

																Percent Change Versus Prior								Percent Change Versus Prior
	Three Months Ended																	YTD
	2005												2004					2005			2004
	December 31			September 30			June 30			March 31			December 31			Year		December 31			December 31			Year
EARNINGS SUMMARY
Net interest income	$	392,150		$	374,733		$	378,643		$	379,748		$	379,212		3.4	%	$	1,525,274		$	1,476,025		3.3	%
Provision for loan losses		20,850			34,800			17,700			20,600			44,250		(52.9	)%		93,950			127,750		(26.5	)%
Net interest income after provision		371,300			339,933			360,943			359,148			334,962		10.8	%		1,431,324			1,348,275		6.2	%
Noninterest revenues		216,944			259,649			223,151			215,436			380,289		(43.0	)%		915,180			1,032,142		(11.3	)%
Noninterest expenses		320,559			336,905			314,942			319,517			460,416		(30.4	)%		1,291,923			1,456,938		(11.3	)%
Income before income taxes		267,685			262,677			269,152			255,067			254,835		5.0	%		1,054,581			923,479		14.2	%
Income taxes		85,552			82,349			84,553			76,422			77,978		9.7	%		328,876			299,981		9.6	%
Net income	$	182,133		$	180,328		$	184,599		$	178,645		$	176,857		3.0	%	$	725,705		$	623,498		16.4	%
Earnings per common share - basic (a)	$	0.52		$	0.52		$	0.52		$	0.50		$	0.50		4.0	%	$	2.07		$	1.77		16.9	%
Earnings per common share - diluted (a)		0.52			0.51			0.52			0.50			0.49		6.1	%		2.04			1.74		17.2	%
Cash dividends declared per common share		0.26			0.25			0.25			0.25			0.25		4.0	%		1.01			0.97		4.1	%
Average common shares outstanding - basic		347,201			349,346			352,054			354,299			355,072					350,702			352,684
Average common shares outstanding - diluted		351,811			354,654			357,026			358,812			360,286					355,554			357,952
End of period common shares outstanding		348,072			348,562			352,349			353,051			356,310					348,072			356,310
	Three Months Ended																	YTD
	2005												2004					2005			2004
	December 31			September 30			June 30			March 31			December 31					December 31			December 31
KEY PERFORMANCE RATIOS
Average shareholders’ equity to average total assets		6.87	%		7.06	%		7.03	%		7.04	%		7.05	%				7.00	%		6.98	%
End of period shareholders’ equity to end of period total assets		6.91			7.00			7.20			6.98			7.20					6.91			7.20
Return on average assets (annualized) (a)		1.40			1.41			1.47			1.44			1.42					1.43			1.30
Return on average shareholders’ equity (annualized) (a)		20.36			20.02			20.92			20.48			20.15					20.44			18.60
Net interest margin - taxable equivalent		3.37			3.31			3.40			3.45			3.43					3.38			3.47
Efficiency ratio (a)		51.71			52.22			51.41			52.72			59.77					52.01			57.12
Loans net of unearned income to total deposits		98.76			96.23			94.96			94.82			95.82					98.76			95.82
Book value per common share	$	10.44		$	10.26		$	10.33		$	9.89		$	10.02				$	10.44		$	10.02
Tangible book value per common share		9.59			9.41			9.48			9.04			9.17					9.59			9.17

(a) Ratios and earnings per share as adjusted for the third quarter 2004 settlement agreement and related professional fees are provided in the following table. These expenses represent matters which management believes are not indicative of AmSouth’s legal and regulatory affairs arising in the normal course of business.

	2004
	YTD December 31
Earnings per common share - basic, GAAP basis	$	1.77
Adjustment for settlement agreement and related professional fees		0.15
Earnings per common share - basic, as adjusted	$	1.92
Earnings per common share - diluted, GAAP basis	$	1.74
Adjustment for settlement agreement and related professional fees		0.15
Earnings per common share - diluted, as adjusted	$	1.89
Return on average assets (annualized), GAAP basis		1.30	%
Adjustment for settlement agreement and related professional fees		0.11	%
Return on average assets (annualized), as adjusted		1.41	%
Return on average shareholders’ equity (annualized), GAAP basis		18.60	%
Adjustment for settlement agreement and related professional fees		1.57	%
Return on average shareholders’ equity (annualized), as adjusted		20.17	%
Efficiency ratio, GAAP basis		57.12	%
Adjustment for settlement agreement and related professional fees		(2.12	)%
Efficiency ratio, as adjusted		55.00	%

Unaudited

AmSouth Bancorporation

SUMMARY FINANCIAL INFORMATION

($ in thousands)

											Percent Change Versus Prior Year						Percent Change Versus Prior Year
	Three Months Ended												YTD
	2005								2004				2005		2004
	December 31		September 30		June 30		March 31		December 31				December 31		December 31
BALANCE SHEET INFORMATION AVERAGE BALANCES
Loans net of unearned income	$	34,993,552	$	33,765,529	$	33,361,522	$	33,208,549	$	32,525,563	7.6	%	$	33,836,996	$	31,241,987	8.3	%
Total investment securities *		11,792,136		11,969,618		12,374,769		12,530,581		12,413,850	(5.0	)%		12,164,213		12,264,785	(0.8	)%
Interest-earning assets *		47,373,341		46,276,262		46,007,898		45,928,699		45,224,572	4.8	%		46,400,178		43,801,691	5.9	%
Total assets		51,673,254		50,635,581		50,341,297		50,296,110		49,535,521	4.3	%		50,740,057		48,010,625	5.7	%
Noninterest-bearing deposits		7,949,605		7,565,672		7,454,032		7,225,621		6,978,442	13.9	%		7,550,762		6,561,938	15.1	%
Interest-bearing deposits**		28,166,662		27,848,894		27,403,908		27,486,980		26,344,499	6.9	%		27,728,809		25,453,038	8.9	%
Total deposits**		36,116,267		35,414,566		34,857,940		34,712,601		33,322,941	8.4	%		35,279,571		32,014,976	10.2	%
Shareholders’ equity		3,548,566		3,572,805		3,540,078		3,538,378		3,491,181	1.6	%		3,550,047		3,351,754	5.9	%

* Excludes adjustment for market valuation on available-for-sale securities and certain noninterest-earning marketable equity securities.

** Statement 133 valuation adjustments related to time deposits and other interest-bearing liabilities are included in other liabilities.

											Percent Change Versus Prior Year
2005								2004
December 31		September 30		June 30		March 31		December 31
BALANCE SHEET INFORMATION ENDING BALANCES
Loans net of unearned income	$	35,897,939	$	34,335,169	$	33,533,382	$	33,025,437	$	32,801,337	9.4	%
Total investment securities		11,669,483		11,855,712		12,245,731		12,571,502		12,510,675	(6.7	)%
Interest-earning assets		48,072,394		46,779,359		46,191,133		45,815,651		45,453,317	5.8	%
Total assets		52,607,110		51,105,385		50,546,831		50,011,458		49,548,371	6.2	%
Noninterest-bearing deposits		8,233,137		8,022,022		7,687,525		7,500,430		7,182,806	14.6	%
Interest-bearing deposits		28,115,245		27,658,103		27,626,183		27,328,090		27,049,973	3.9	%
Total deposits		36,348,382		35,680,125		35,313,708		34,828,520		34,232,779	6.2	%
Shareholders’ equity		3,634,577		3,577,455		3,638,225		3,491,722		3,568,841	1.8	%

Unaudited

AmSouth Bancorporation

SUMMARY FINANCIAL INFORMATION

($ in thousands)

	2005												2004
	December 31			September 30			June 30			March 31			December 31
NONPERFORMING ASSETS
Nonaccrual loans*	$	102,981		$	80,421		$	70,421		$	87,255		$	88,488
Foreclosed properties		17,667			15,853			17,791			23,258			19,609
Repossessions		2,274			1,869			1,755			2,208			2,498
Total nonperforming assets*	$	122,922		$	98,143		$	89,967		$	112,721		$	110,595
Nonperforming assets to loans net of unearned income, foreclosed properties and repossessions		0.34	%		0.29	%		0.27	%		0.34	%		0.34	%
Accruing loans 90 days past due	$	86,109		$	52,404		$	49,185		$	50,718		$	51,117
*  Exclusive of accruing loans 90 days past due
	2005												2004
	4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			4th Quarter
ALLOWANCE FOR LOAN LOSSES
Balance at beginning of period	$	384,647		$	365,626		$	366,836		$	366,774		$	381,255
Loans charged off		(47,314	)		(23,926	)		(27,170	)		(29,679	)		(44,277	)
Recoveries of loans previously charged off		8,512			8,147			9,528			10,598			11,146
Net Charge-offs		(38,802	)		(15,779	)		(17,642	)		(19,081	)		(33,131	)
Addition to allowance charged to expense		20,850			34,800			17,700			20,600			44,250
Reduction of allowance related to sold loans		-0-			-0-			(1,268	)		(1,457	)		(25,600	)
Balance at end of period	$	366,695		$	384,647		$	365,626		$	366,836		$	366,774
Allowance for loan losses to loans net of unearned income		1.02	%		1.12	%		1.09	%		1.11	%		1.12	%
Net charge-offs to average loans net of unearned income *		0.44	%		0.19	%		0.21	%		0.23	%		0.41	%
Allowance for loan losses to nonperforming loans**		356.08	%		478.29	%		519.20	%		420.42	%		414.49	%
Allowance for loan losses to nonperforming assets**		298.32	%		391.93	%		406.40	%		325.44	%		331.64	%

* Annualized

** Exclusive of accruing loans 90 days past due

Unaudited

AmSouth Bancorporation

RECONCILIATION OF GAAP AMOUNTS TO ADJUSTED AMOUNTS

($ in thousands, except per share data)

	Year-to-Date December 31, 2004
	Income Before Income Taxes		Net Income		Earnings per common share		Earnings per common share - diluted
Results as reported on a GAAP basis	$	923,479	$	623,498	$	1.77	$	1.74
Costs incurred under settlement agreement and related professional fees*		53,972		52,443		0.15		0.15
Results as adjusted	$	977,451	$	675,941	$	1.92	$	1.89

* These expenses represent matters which management believes are not indicative of AmSouth’s legal and regulatory affairs arising in the normal course of business.

EX-99.2

EXHIBIT 99.2

Unaudited

AmSouth Bancorporation

CONSOLIDATED QUARTERLY STATEMENTS OF EARNINGS

($ in thousands, except per share data)

	2005								2004
	December 31		September 30		June 30		March 31		December 31
INTEREST INCOME
Loans	$	524,840	$	481,387	$	454,169	$	431,375	$	414,830
Available-for-sale securities		71,646		69,887		74,073		75,791		76,518
Held-to-maturity securities		67,092		68,828		71,082		72,096		69,950
Trading securities		350		278		218		159		96
Loans held for sale		6,296		5,675		2,614		1,498		4,517
Other interest-earning assets		680		459		356		255		197
Total interest income		670,904		626,514		602,512		581,174		566,108
INTEREST EXPENSE
Interest-bearing demand		26,780		23,748		20,356		16,345		12,369
Money market and savings deposits		43,981		42,394		36,956		29,368		17,376
Time deposits		88,021		79,496		68,855		65,279		63,827
Foreign deposits		13,154		11,084		6,697		6,803		6,063
Federal funds purchased and securities sold under agreements to repurchase		30,926		23,497		17,507		16,354		15,246
Other borrowed funds		5,561		4,563		2,129		1,928		3,621
Long-term Federal Home Loan Bank advances		26,621		31,193		38,633		40,199		52,032
Other long-term debt		43,710		35,806		32,736		25,150		16,362
Total interest expense		278,754		251,781		223,869		201,426		186,896
NET INTEREST INCOME		392,150		374,733		378,643		379,748		379,212
Provision for loan losses		20,850		34,800		17,700		20,600		44,250
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		371,300		339,933		360,943		359,148		334,962
NONINTEREST REVENUES
Service charges on deposit accounts		95,388		95,141		91,485		85,034		94,556
Trust income		23,354		29,439		30,010		30,353		30,571
Consumer investment services income		18,312		18,668		18,875		20,032		17,539
Interchange income		24,657		22,884		22,731		21,178		21,066
Commercial credit fee income		10,478		12,178		13,901		10,940		10,605
Bank owned life insurance policies		10,793		11,386		10,582		10,511		13,760
Mortgage income		2,046		5,873		4,796		3,986		5,627
Portfolio income		684		301		3,150		1,282		5,381
Net gain on sale of business		-0-		44,007		-0-		-0-		166,103
Other noninterest revenues		31,232		19,772		27,621		32,120		15,081
Total noninterest revenues		216,944		259,649		223,151		215,436		380,289
NONINTEREST EXPENSES
Salaries and employee benefits		174,027		174,055		172,955		178,655		170,640
Net occupancy		38,039		38,342		38,430		36,857		37,694
Equipment		31,200		31,876		32,624		31,086		31,721
Postage and office supplies		9,397		10,071		10,080		10,693		10,556
Marketing		7,609		10,698		7,168		9,771		8,803
Professional fees		13,990		12,130		7,759		7,489		16,363
Communications		6,038		6,027		6,155		6,118		5,773
Amortization of intangibles		613		637		636		696		800
FHLB prepayment cost		-0-		-0-		-0-		-0-		129,648
Other noninterest expenses		39,646		53,069		39,135		38,152		48,418
Total noninterest expenses		320,559		336,905		314,942		319,517		460,416
INCOME BEFORE INCOME TAXES		267,685		262,677		269,152		255,067		254,835
Income taxes		85,552		82,349		84,553		76,422		77,978
NET INCOME	$	182,133	$	180,328	$	184,599	$	178,645	$	176,857
Average common shares outstanding - basic		347,201		349,346		352,054		354,299		355,072
Earnings per common share - basic	$	0.52	$	0.52	$	0.52	$	0.50	$	0.50
Average common shares outstanding - diluted		351,811		354,654		357,026		358,812		360,286
Earnings per common share - diluted	$	0.52	$	0.51	$	0.52	$	0.50	$	0.49

Unaudited

AmSouth Bancorporation

QUARTERLY AVERAGE DAILY BALANCES, REVENUE & EXPENSE SUMMARY, YIELDS & RATES

(Taxable equivalent basis, $ in thousands)

	Three Months Ended December 31, 2005							Three Months Ended September 30, 2005							Three Months Ended June 30, 2005							Three Months Ended March 31, 2005							Three Months Ended December 31, 2004
	Average Balance			Revenue/ Expense		Yield/ Rate		Average Balance			Revenue/ Expense		Yield/ Rate		Average Balance			Revenue/ Expense		Yield/ Rate		Average Balance			Revenue/ Expense		Yield/ Rate		Average Balance			Revenue/ Expense		Yield/ Rate
ASSETS
Interest-earning assets:
Commercial and commercial real estate	$	17,890,194		$	280,487	6.22	%	$	17,055,819		$	253,640	5.90	%	$	16,620,623		$	235,211	5.68	%	$	16,376,300		$	218,177	5.40	%	$	15,682,584		$	204,003	5.18	%
Residential first mortgages		5,914,872			77,532	5.20	%		5,685,620			72,459	5.06	%		5,561,349			67,340	4.86	%		5,260,197			64,045	4.94	%		4,913,523			60,340	4.89	%
Equity loans and lines		7,639,452			120,742	6.27	%		7,443,993			108,869	5.80	%		7,624,399			106,004	5.58	%		7,756,678			101,105	5.29	%		7,742,633			93,520	4.81	%
Dealer indirect		3,088,347			42,090	5.41	%		3,110,615			41,898	5.34	%		3,088,106			41,161	5.35	%		3,212,236			42,602	5.38	%		3,392,366			46,700	5.48	%
Other consumer		460,687			10,323	8.89	%		469,482			10,841	9.16	%		467,045			10,757	9.24	%		603,138			11,757	7.91	%		794,457			16,511	8.27	%
Total loans net of unearned income (1)		34,993,552			531,174	6.02	%		33,765,529			487,707	5.73	%		33,361,522			460,473	5.54	%		33,208,549			437,686	5.35	%		32,525,563			421,074	5.15	%
Available-for-sale securities, amortized cost		6,076,977			72,197	4.71	%		6,065,719			70,403	4.60	%		6,322,703			74,597	4.73	%		6,385,445			76,355	4.85	%		6,369,885			77,107	4.82	%
Market valuation on AFS securities		(160,331	)						(74,193	)						(87,157	)						(41,821	)						(25,440	)
Total available-for-sale securities (2)		5,916,646							5,991,526							6,235,546							6,343,624							6,344,445
Held-to-maturity securities		5,715,159			71,046	4.93	%		5,903,899			72,788	4.89	%		6,052,066			75,081	4.98	%		6,145,136			76,115	5.02	%		6,043,965			73,896	4.86	%
Total investment securities (3)		11,631,805			143,243	4.82	%		11,895,425			143,191	4.75	%		12,287,612			149,678	4.85	%		12,488,760			152,470	4.93	%		12,388,410			151,003	4.84	%
Other interest-earning assets		587,653			7,326	4.95	%		541,115			6,412	4.70	%		271,607			3,188	4.71	%		189,569			1,917	4.10	%		285,158			4,810	6.71	%
Total interest-earning assets (3)		47,213,010			681,743	5.71	%		46,202,069			637,310	5.46	%		45,920,741			613,339	5.35	%		45,886,878			592,073	5.23	%		45,199,131			576,887	5.07	%
Cash and due from banks		1,172,698							1,160,908							1,182,160							1,165,902							1,147,335
Other assets		3,671,435							3,640,629							3,606,771							3,611,839							3,559,107
Allowance for loan losses		(383,889	)						(368,025	)						(368,375	)						(368,509	)						(370,052	)
	$	51,673,254						$	50,635,581						$	50,341,297						$	50,296,110						$	49,535,521
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities:
Interest-bearing demand	$	6,873,532			26,780	1.55	%	$	6,809,041			23,748	1.38	%	$	6,957,590			20,356	1.17	%	$	6,979,278			16,345	0.95	%	$	6,808,245			12,369	0.72	%
Money market and savings deposits		9,785,221			43,981	1.78	%		9,870,250			42,394	1.70	%		9,974,400			36,956	1.49	%		9,512,976			29,368	1.25	%		8,306,523			17,376	0.83	%
Time deposits (4)		9,790,672			88,021	3.57	%		9,520,049			79,496	3.31	%		9,215,524			68,855	3.00	%		9,457,697			65,279	2.80	%		9,574,231			63,827	2.65	%
Foreign deposits		1,717,237			13,154	3.04	%		1,649,554			11,084	2.67	%		1,256,394			6,697	2.14	%		1,537,030			6,803	1.80	%		1,655,500			6,063	1.46	%
Federal funds purchased and securities sold under agreements to repurchase		3,641,774			30,926	3.37	%		3,286,028			23,497	2.84	%		2,866,029			17,507	2.45	%		3,022,943			16,354	2.19	%		3,394,875			15,246	1.79	%
Other interest-bearing liabilities (4)		6,634,179			75,892	4.54	%		6,661,718			71,562	4.26	%		7,441,068			73,498	3.96	%		7,355,899			67,277	3.71	%		7,682,934			72,015	3.73	%
Total interest-bearing liabilities		38,442,615			278,754	2.88	%		37,796,640			251,781	2.64	%		37,711,005			223,869	2.38	%		37,865,823			201,426	2.16	%		37,422,308			186,896	1.99	%
Net interest spread (3)						2.83	%						2.82	%						2.97	%						3.07	%						3.08	%
Noninterest-bearing demand deposits		7,949,605							7,565,672							7,454,032							7,225,621							6,978,442
Other liabilities (4)		1,732,468							1,700,464							1,636,182							1,666,288							1,643,590
Shareholders’ equity		3,548,566							3,572,805							3,540,078							3,538,378							3,491,181
	$	51,673,254						$	50,635,581						$	50,341,297						$	50,296,110						$	49,535,521
Net interest income/margin on a taxable equivalent basis (3)					402,989	3.37	%					385,529	3.31	%					389,470	3.40	%					390,647	3.45	%					389,991	3.43	%
Taxable equivalent adjustment:(5)
Loans					6,334							6,320							6,304							6,311							6,244
Available-for-sale securities					551							516							524							564							589
Held-to-maturity securities					3,954							3,960							3,999							4,019							3,946
Trading securities					-0-							-0-							-0-							5							-0-
Total taxable equivalent adjustment					10,839							10,796							10,827							10,899							10,779
Net interest income				$	392,150						$	374,733						$	378,643						$	379,748						$	379,212

NOTES:

(1) Loans net of unearned income includes nonaccrual loans for all periods presented.

(2) Available-for-sale securities excludes certain noninterest-earning, marketable equity securities.

(3) The yield calculation for total available-for-sale securities, total investment securities, total interest-earning assets, net interest spread and net interest margin excludes the market valuation adjustment on available-for-sale securities.

(4) Statement 133 valuation adjustments related to time deposits and other interest-bearing liabilites are included in other liabilities.

(5) The taxable equivalent adjustment has been computed using a federal income tax rate of 35%, adjusted for applicable state income taxes net of the related federal tax benefit.

Unaudited

AmSouth Bancorporation

CONSOLIDATED PERIOD-END BALANCE SHEETS

($ in thousands)

	2005												2004
	December 31			September 30			June 30			March 31			December 31
ASSETS
Cash and due from banks	$	1,307,043		$	1,223,228		$	1,167,313		$	1,110,764		$	966,993
Trading securities		30,419			39,186			39,404			33,185			1,883
Available-for-sale securities		5,989,989			6,033,746			6,172,833			6,378,267			6,322,665
Held-to-maturity securities		5,679,494			5,821,967			6,072,898			6,193,235			6,188,010
Loans held for sale		406,553			460,816			323,017			150,888			103,273
Loans net of unearned income:
Commercial and industrial		6,173,403			6,041,712			5,961,937			5,857,272			5,740,153
Commercial loans - secured by real estate		2,836,230			2,489,973			2,381,944			2,251,824			2,245,052
Commercial leases		2,370,986			2,342,161			2,239,314			2,202,117			2,179,074
Commercial real estate mortgages		3,067,153			3,083,242			2,922,692			3,005,907			2,867,968
Real estate construction		4,085,369			3,508,763			3,364,146			3,243,707			3,008,313
Residential first mortgages		6,016,157			5,826,851			5,692,014			5,277,556			5,081,775
Equity loans and lines		7,859,133			7,479,750			7,427,904			7,596,112			7,756,745
Dealer indirect		3,047,117			3,116,305			3,087,815			3,120,046			3,312,120
Revolving credit		23,563			23,224			23,538			24,885			27,230
Other consumer		418,828			423,188			432,078			446,011			582,907
Total loans net of unearned income		35,897,939			34,335,169			33,533,382			33,025,437			32,801,337
Allowance for loan losses		(366,695	)		(384,647	)		(365,626	)		(366,836	)		(366,774	)
Other interest-earning assets		68,000			88,476			49,599			34,639			36,149
Premises and equipment, net		1,200,114			1,088,322			1,087,201			1,083,333			1,060,574
Cash surrender value - bank owned life insurance		1,156,265			1,144,048			1,133,539			1,122,447			1,111,934
Goodwill and other intangibles		296,582			298,205			298,841			299,478			300,174
Accrued interest receivable and other assets		941,407			956,869			1,034,430			946,621			1,022,153
	$	52,607,110		$	51,105,385		$	50,546,831		$	50,011,458		$	49,548,371
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits and interest-bearing liabilities:
Deposits:
Noninterest-bearing demand	$	8,233,137		$	8,022,022		$	7,687,525		$	7,500,430		$	7,182,806
Interest-bearing demand		7,299,655			6,838,125			6,962,855			7,071,159			7,115,545
Money market and savings		9,513,548			9,928,034			10,005,039			9,871,634			8,810,972
Time		9,928,485			9,710,125			9,062,959			9,509,574			9,476,075
Foreign		1,373,557			1,181,819			1,595,330			875,723			1,647,381
Total deposits		36,348,382			35,680,125			35,313,708			34,828,520			34,232,779
Federal funds purchased and securities sold under agreements to repurchase		4,404,262			3,374,744			2,842,751			2,610,403			2,291,988
Other borrowed funds		511,625			681,618			473,010			203,639			429,098
Long-term Federal Home Loan Bank advances		1,958,730			2,388,222			3,238,993			3,918,255			4,371,745
Other long-term debt		4,025,941			3,634,730			3,359,173			3,344,018			2,899,773
Total deposits and interest-bearing liabilities		47,248,940			45,759,439			45,227,635			44,904,835			44,225,383
Accrued expenses and other liabilities		1,723,593			1,768,491			1,680,971			1,614,901			1,754,147
Total liabilities		48,972,533			47,527,930			46,908,606			46,519,736			45,979,530
Shareholders’ equity:
Preferred stock		-0-			-0-			-0-			-0-			-0-
Common stock		416,706			416,723			416,732			416,736			416,748
Additional paid-in capital		738,011			734,850			731,383			729,039			726,411
Retained earnings		3,844,183			3,755,478			3,672,524			3,580,202			3,492,873
Treasury stock		(1,208,874	)		(1,196,160	)		(1,093,405	)		(1,073,672	)		(986,510	)
Deferred compensation on restricted stock		(14,083	)		(14,733	)		(15,208	)		(16,230	)		(12,947	)
Accumulated other comprehensive loss		(141,366	)		(118,703	)		(73,801	)		(144,353	)		(67,734	)
Total shareholders’ equity		3,634,577			3,577,455			3,638,225			3,491,722			3,568,841
	$	52,607,110		$	51,105,385		$	50,546,831		$	50,011,458		$	49,548,371

Unaudited

AmSouth Bancorporation

CREDIT QUALITY STATISTICS

($ in thousands)

	Three Months Ended
	2005												2004
	December 31			September 30			June 30			March 31			December 31
NET CHARGE-OFFS/(RECOVERIES)
Commercial:
Commercial & industrial	$	29,154		$	5,674		$	8,725		$	5,420		$	11,268
Commercial loans - secured by real estate		559			2			239			698			275
Commercial leases		582			263			-0-			182			1,815
Total commercial		30,295			5,939			8,964			6,300			13,358
Commercial real estate:
Commercial real estate mortgages		(22	)		(9	)		39			691			(3	)
Real estate construction		(2	)		20			(213	)		1,534			5
Total commercial real estate		(24	)		11			(174	)		2,225			2
Consumer:
Residential first mortgages		648			239			424			1,298			912
Equity loans and lines		2,588			3,313			3,645			3,806			6,088
Dealer indirect		2,412			2,472			1,141			3,303			4,995
Revolving credit		(340	)		(258	)		222			742			3,525
Other consumer		3,223			4,063			3,420			1,407			4,251
Total consumer		8,531			9,829			8,852			10,556			19,771
	$	38,802		$	15,779		$	17,642		$	19,081		$	33,131
NET CHARGE-OFFS AS A PERCENT OF AVERAGE LOANS (Annualized)
Commercial:
Commercial & industrial		1.91	%		0.38	%		0.59	%		0.38	%		0.79	%
Commercial loans - secured by real estate		0.09			0.00			0.04			0.13			0.05
Commercial leases		0.10			0.05			0.00			0.03			0.34
Total commercial		1.09			0.22			0.34			0.25			0.53
Commercial real estate:
Commercial real estate mortgages		0.00			0.00			0.01			0.10			0.00
Real estate construction		0.00			0.00			(0.03	)		0.20			0.00
Total commercial real estate		0.00			0.00			(0.01	)		0.15			0.00
Consumer:
Residential first mortgages		0.04			0.02			0.03			0.10			0.07
Equity loans and lines		0.13			0.18			0.19			0.20			0.31
Dealer indirect		0.31			0.32			0.15			0.42			0.59
Revolving credit		(5.83	)		(4.41	)		3.69			11.70			6.60
Other consumer		2.92			3.61			3.10			0.99			2.91
Total consumer		0.20			0.23			0.21			0.25			0.47
		0.44	%		0.19	%		0.21	%		0.23	%		0.41	%

Unaudited

AmSouth Bancorporation

CREDIT QUALITY STATISTICS (continued)

($ in thousands)

	2005								2004
	December 31		September 30		June 30		March 31		December 31
NONPERFORMING LOANS*
Commercial:
Commercial & industrial	$	39,542	$	44,014	$	35,299	$	37,136	$	37,581
Commercial loans - secured by real estate		17,838		15,748		15,395		21,699		18,617
Commercial leases		27,374		1,871		1,656		2,407		2,048
Total commercial		84,754		61,633		52,350		61,242		58,246
Commercial real estate:
Commercial real estate mortgages		4,498		4,668		2,738		2,247		3,074
Real estate construction		2,946		2,121		1,837		2,466		1,286
Total commercial real estate		7,444		6,789		4,575		4,713		4,360
Consumer:
Residential first mortgages		8,817		10,542		11,649		19,147		21,899
Equity loans and lines		1,965		1,404		1,588		1,854		3,946
Dealer indirect		1		24		17		7		13
Other consumer		-0-		29		242		292		24
Total consumer		10,783		11,999		13,496		21,300		25,882
	$	102,981	$	80,421	$	70,421	$	87,255	$	88,488
*  Exclusive of accruing loans 90 days past due.
	2005								2004
	December 31		September 30		June 30		March 31		December 31
ACCRUING LOANS 90 DAYS PAST DUE
Commercial:
Commercial & industrial	$	1,258	$	1,665	$	6,502	$	4,565	$	6,166
Commercial loans - secured by real estate		36		1,023		1,944		952		1,518
Commercial leases		-0-		-0-		-0-		-0-		-0-
Total commercial		1,294		2,688		8,446		5,517		7,684
Commercial real estate:
Commercial real estate mortgages		656		72		867		8		259
Real estate construction		122		978		-0-		8,274		145
Total commercial real estate		778		1,050		867		8,282		404
Consumer:
Residential first mortgages		53,066		19,688		12,164		7,345		9,401
Equity loans and lines		26,762		25,279		24,311		26,063		27,965
Dealer indirect		3,065		2,644		2,450		2,258		4,089
Revolving credit		381		445		419		599		518
Other consumer		763		610		528		654		1,056
Total consumer		84,037		48,666		39,872		36,919		43,029
	$	86,109	$	52,404	$	49,185	$	50,718	$	51,117

Unaudited

AmSouth Bancorporation

OTHER INFORMATION

	2005								2004
	December 31*		September 30		June 30		March 31		December 31
REGULATORY CAPITAL RATIOS
Tier 1 capital ratio
AmSouth	7.78	%	7.90	%	8.17	%	8.05	%	8.05	%
AmSouth Bank	8.55		8.80		8.86		8.71		8.49
Total capital ratio
AmSouth	11.37	%	11.31	%	11.64	%	11.54	%	10.93	%
AmSouth Bank	11.56		11.97		12.09		11.97		11.04
Leverage ratio
AmSouth	6.74	%	6.72	%	6.79	%	6.61	%	6.73	%
AmSouth Bank	7.41		7.49		7.36		7.16		7.10

* Fourth quarter 2005 regulatory capital ratios based on preliminary data.