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):

April 18, 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 April 18, 2006 AmSouth Bancorporation issued a press release announcing its preliminary results of operations for the quarter ended March 31, 2006. A copy of the press release is attached hereto and incorporated herein as Exhibit 99.1. Supplemental financial information for the quarter ended March 31, 2006 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 April 18, 2006

99.2 Supplemental Financial Information

2

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: April 18, 2006

3

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. CDT, April 18, 2006, go to www.amsouth.com and click on the webcast link under “Message Center.” For supplemental financial information about the first quarter results, visit the Investor Relations Resource Center on AmSouth’s web site at www.amsouth.com/irrc.

AmSouth Reports Earnings for First Quarter 2006

BIRMINGHAM, Ala., April 18, 2006 – AmSouth Bancorporation (NYSE: ASO) today reported earnings for the first quarter ended March 31, 2006, of $.52 per diluted share, compared to $.50 per diluted share reported for the first quarter of 2005. Net income for the first quarter of 2006 was $181.0 million versus $178.6 million for the same period in 2005. AmSouth’s first quarter performance resulted in a return on average equity of 20.5 percent, a return on average assets of 1.39 percent, and an efficiency ratio of 52.5 percent.

“AmSouth delivered a solid quarter based on strong loan growth funded by continued increases in low-cost deposits,” said Dowd Ritter, AmSouth’s chairman, president and chief executive officer. “Our broad revenue growth and expanding net interest margin indicate that the momentum we carried into this year is continuing to build.”

Net interest income in the first quarter grew to $397.7 million, or an annual rate of 5.7 percent compared with the prior quarter, and the net interest margin expanded 5 basis points during the quarter to 3.42 percent. Strong loan growth continued, particularly in Commercial Real Estate, which grew 25.8 percent, and Residential Mortgage lending, which grew 15.4 percent, compared with the first quarter of 2005. Low-cost deposits grew $1.3 billion or 5.6 percent during the same period.

Noninterest revenue, which includes earnings from service charges, trust, investment services, interchange, and other sources of fee income, was $219.7 million for the quarter. Noninterest expenses in the first quarter were $330.0 million, reflecting increases in personnel costs and marketing expenses, partially offset by lower professional fees.

Underlying credit quality remained strong despite charge-offs of two airline leases, which had been significantly reserved for previously. Net charge-offs were 0.47 percent of average net loans in the first quarter, increasing 24 basis points compared with the first quarter of 2005. Without the effect of the airline leases, net charge-offs would have been 0.17 percent, a 6 basis point decline. The ratio of loan loss allowance to total loans was 0.96 percent at March 31, 2006, a level commensurate with our improving credit risk profile. Excluding the airline leases, the loan loss provision exceeded net charge-offs, representing amounts attributable to loan growth and other factors.

Total nonperforming assets at March 31, 2006, were $100.3 million, or 0.27 percent of loans net of unearned income, foreclosed properties and repossessions, compared to $122.9 million, or 0.34 percent, in the previous quarter.

For supplemental financial information about the first quarter results, please refer to the Form 8-K filed by AmSouth with the Securities and Exchange Commission on April 18, 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 $53 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 significantly from those described in the forward-looking statements. Such factors include, but are not limited to: 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)

EARNINGS SUMMARY	Three Months Ended										Percent Change Versus Prior Year		YTD				Percent Change Versus Prior Year
	2006		2005										2005 December 31		2004 December 31
	March 31		December 31		September 30		June 30		March 31
Net interest income	$	397,720	$	392,150	$	374,733	$	378,643	$	379,748	4.7	%	$	1,525,274	$	1,476,025	3.3	%
Provision for loan and lease losses		27,300		20,850		34,800		17,700		20,600	32.5	%		93,950		127,750	(26.5	)%
Net interest income after provision		370,420		371,300		339,933		360,943		359,148	3.1	%		1,431,324		1,348,275	6.2	%
Noninterest revenues		219,683		216,944		259,649		223,151		215,436	2.0	%		915,180		1,032,142	(11.3	)%
Noninterest expenses		330,002		320,559		336,905		314,942		319,517	3.3	%		1,291,923		1,456,938	(11.3	)%
Income before income taxes		260,101		267,685		262,677		269,152		255,067	2.0	%		1,054,581		923,479	14.2	%
Income taxes		79,110		85,552		82,349		84,553		76,422	3.5	%		328,876		299,981	9.6	%
Net income	$	180,991	$	182,133	$	180,328	$	184,599	$	178,645	1.3	%	$	725,705	$	623,498	16.4	%
Earnings per common share - basic	$	0.52	$	0.52	$	0.52	$	0.52	$	0.50	4.0	%	$	2.07	$	1.77	16.9	%
Earnings per common share - diluted		0.52		0.52		0.51		0.52		0.50	4.0	%		2.04		1.74	17.2	%
Cash dividends declared per common share		0.26		0.26		0.25		0.25		0.25	4.0	%		1.01		0.97	4.1	%
Weighted-average common shares outstanding - basic		345,433		347,201		349,346		352,054		354,299				350,702		352,684
Weighted-average common shares outstanding - diluted		350,743		351,811		354,654		357,026		358,812				355,554		357,952
End of period common shares outstanding		346,590		348,072		348,562		352,349		353,051				348,072		356,310

KEY PERFORMANCE RATIOS	Three Months Ended															YTD
	2006			2005												2005 December 31			2004 December 31
	March 31			December 31			September 30			June 30			March 31
Average shareholders’ equity to average total assets		6.79	%		6.87	%		7.06	%		7.03	%		7.04	%		7.00	%		6.98	%
End of period shareholders’ equity to end of period total assets		6.84			6.91			7.00			7.20			6.98			6.91			7.20
Return on average assets (annualized)		1.39			1.40			1.41			1.47			1.44			1.43			1.30
Return on average shareholders’ equity (annualized)		20.52			20.36			20.02			20.92			20.48			20.44			18.60
Net interest margin - taxable equivalent		3.42			3.37			3.31			3.40			3.45			3.38			3.47
Efficiency ratio		52.53			51.71			52.22			51.41			52.72			52.01			57.12
Loans net of unearned income to total deposits		98.97			98.76			96.23			94.96			94.82			98.76			95.82
Book value per common share	$	10.44		$	10.44		$	10.26		$	10.33		$	9.89		$	10.44		$	10.02
Tangible book value per common share		9.58			9.59			9.41			9.48			9.04			9.59			9.17

Unaudited

AmSouth Bancorporation

SUMMARY FINANCIAL INFORMATION

($ in thousands)

BALANCE SHEET INFORMATION AVERAGE BALANCES	Three Months Ended										Percent Change Versus Prior Year		YTD				Percent Change Versus Prior Year
	2006		2005										2005 December 31		2004 December 31
	March 31		December 31		September 30		June 30		March 31
Loans net of unearned income	$	36,344,524	$	34,993,552	$	33,765,529	$	33,361,522	$	33,208,549	9.4	%	$	33,836,996	$	31,241,987	8.3	%
Total investment securities *		11,530,789		11,792,136		11,969,618		12,374,769		12,530,581	(8.0	)%		12,164,213		12,264,785	(0.8	)%
Interest-earning assets *		48,394,488		47,373,341		46,276,262		46,007,898		45,928,699	5.4	%		46,400,178		43,801,691	5.9	%
Total assets		52,708,707		51,673,254		50,635,581		50,341,297		50,296,110	4.8	%		50,740,057		48,010,625	5.7	%
Noninterest-bearing deposits		7,956,264		7,949,605		7,565,672		7,454,032		7,225,621	10.1	%		7,550,762		6,561,938	15.1	%
Interest-bearing deposits**		28,790,160		28,166,662		27,848,894		27,403,908		27,486,980	4.7	%		27,728,809		25,453,038	8.9	%
Total deposits**		36,746,424		36,116,267		35,414,566		34,857,940		34,712,601	5.9	%		35,279,571		32,014,976	10.2	%
Shareholders’ equity		3,576,492		3,548,566		3,572,805		3,540,078		3,538,378	1.1	%		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.

BALANCE SHEET INFORMATION ENDING BALANCES	2006		2005								Percent Change Versus Prior Year
	March 31		December 31		September 30		June 30		March 31
Loans net of unearned income	$	36,737,948	$	35,897,939	$	34,335,169	$	33,533,382	$	33,025,437	11.2	%
Total investment securities		11,394,687		11,669,483		11,855,712		12,245,731		12,571,502	(9.4	)%
Interest-earning assets		48,491,173		48,072,394		46,779,359		46,191,133		45,815,651	5.8	%
Total assets		52,858,162		52,607,110		51,105,385		50,546,831		50,011,458	5.7	%
Noninterest-bearing deposits		8,291,134		8,233,137		8,022,022		7,687,525		7,500,430	10.5	%
Interest-bearing deposits		28,828,184		28,115,245		27,658,103		27,626,183		27,328,090	5.5	%
Total deposits		37,119,318		36,348,382		35,680,125		35,313,708		34,828,520	6.6	%
Shareholders’ equity		3,617,742		3,634,577		3,577,455		3,638,225		3,491,722	3.6	%

Unaudited

AmSouth Bancorporation

SUMMARY FINANCIAL INFORMATION

($ in thousands)

NONPERFORMING ASSETS	2006			2005
	March 31			December 31			September 30			June 30			March 31
Nonaccrual loans*	$	84,150		$	102,981		$	80,421		$	70,421		$	87,255
Foreclosed properties		14,566			17,667			15,853			17,791			23,258
Repossessions		1,599			2,274			1,869			1,755			2,208
Total nonperforming assets*	$	100,315		$	122,922		$	98,143		$	89,967		$	112,721
Nonperforming assets to loans net of unearned income, foreclosed properties and repossessions		0.27	%		0.34	%		0.29	%		0.27	%		0.34	%
Accruing loans 90 days past due	$	49,208		$	54,005		$	52,404		$	49,185		$	50,718

* Exclusive of accruing loans 90 days past due

ALLOWANCE FOR LOAN AND LEASE LOSSES	2006			2005
	1st Quarter			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter
Balance at beginning of period	$	366,695		$	384,647		$	365,626		$	366,836		$	366,774
Loans charged off		(50,571	)		(47,314	)		(23,926	)		(27,170	)		(29,679	)
Recoveries of loans previously charged off		8,818			8,512			8,147			9,528			10,598
Net Charge-offs		(41,753	)		(38,802	)		(15,779	)		(17,642	)		(19,081	)
Addition to allowance charged to expense		27,300			20,850			34,800			17,700			20,600
Reduction of allowance related to sold loans		-0-			-0-			-0-			(1,268	)		(1,457	)
Balance at end of period	$	352,242		$	366,695		$	384,647		$	365,626		$	366,836
Allowance for loan and lease losses to loans net of unearned income		0.96	%		1.02	%		1.12	%		1.09	%		1.11	%
Net charge-offs to average loans net of unearned income *		0.47	%		0.44	%		0.19	%		0.21	%		0.23	%
Allowance for loan and lease losses to nonperforming loans**		418.59	%		356.08	%		478.29	%		519.20	%		420.42	%
Allowance for loan and lease losses to nonperforming assets**		351.14	%		298.32	%		391.93	%		406.40	%		325.44	%

* Annualized

** Exclusive of accruing loans 90 days past due

EX-99.2

Exhibit 99.2

Unaudited

AmSouth Bancorporation

CONSOLIDATED QUARTERLY STATEMENTS OF EARNINGS

($ in thousands, except per share data)

	2006		2005
	March 31		December 31		September 30		June 30		March 31
INTEREST INCOME
Loans	$	558,610	$	524,840	$	481,387	$	454,169	$	431,375
Available-for-sale securities		69,301		71,646		69,887		74,073		75,791
Held-to-maturity securities		66,513		67,092		68,828		71,082		72,096
Trading securities		414		350		278		218		159
Loans held for sale		4,905		6,296		5,675		2,614		1,498
Other interest-earning assets		687		680		459		356		255
Total interest income		700,430		670,904		626,514		602,512		581,174
INTEREST EXPENSE
Interest-bearing demand		36,394		26,780		23,748		20,356		16,345
Money market and savings deposits		44,212		43,981		42,394		36,956		29,368
Time deposits		96,950		88,021		79,496		68,855		65,279
Foreign deposits		10,851		13,154		11,084		6,697		6,803
Federal funds purchased and securities sold under agreements to repurchase		38,655		30,926		23,497		17,507		16,354
Other borrowed funds		7,376		5,561		4,563		2,129		1,928
Long-term Federal Home Loan Bank advances		24,853		26,621		31,193		38,633		40,199
Other long-term debt		43,419		43,710		35,806		32,736		25,150
Total interest expense		302,710		278,754		251,781		223,869		201,426
NET INTEREST INCOME		397,720		392,150		374,733		378,643		379,748
Provision for loan and lease losses		27,300		20,850		34,800		17,700		20,600
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES		370,420		371,300		339,933		360,943		359,148
NONINTEREST REVENUES
Service charges on deposit accounts		95,105		95,388		95,141		91,485		85,034
Trust income		23,763		23,354		29,439		30,010		30,353
Consumer investment services income		21,942		18,312		18,668		18,875		20,032
Interchange income		24,735		24,657		22,884		22,731		21,178
Commercial credit fee income		11,480		10,478		12,178		13,901		10,940
Bank owned life insurance policies		10,983		10,793		11,386		10,582		10,511
Mortgage income		3,388		2,046		5,873		4,796		3,986
Portfolio income		592		684		301		3,150		1,282
Net gain on sale of mutual fund management unit		-0-		-0-		44,007		-0-		-0-
Other noninterest revenues		27,695		31,232		19,772		27,621		32,120
Total noninterest revenues		219,683		216,944		259,649		223,151		215,436
NONINTEREST EXPENSES
Salaries and employee benefits		184,152		174,027		174,055		172,955		178,655
Net occupancy		38,834		38,039		38,342		38,430		36,857
Equipment		31,358		31,200		31,876		32,624		31,086
Postage and office supplies		9,653		9,397		10,071		10,080		10,693
Marketing		13,260		7,609		10,698		7,168		9,771
Professional fees		6,342		13,990		12,130		7,759		7,489
Communications		6,120		6,038		6,027		6,155		6,118
Amortization of intangibles		541		613		637		636		696
Other noninterest expenses		39,742		39,646		53,069		39,135		38,152
Total noninterest expenses		330,002		320,559		336,905		314,942		319,517
INCOME BEFORE INCOME TAXES		260,101		267,685		262,677		269,152		255,067
Income taxes		79,110		85,552		82,349		84,553		76,422
NET INCOME	$	180,991	$	182,133	$	180,328	$	184,599	$	178,645
Weighted-average common shares outstanding - basic		345,433		347,201		349,346		352,054		354,299
Earnings per common share - basic	$	0.52	$	0.52	$	0.52	$	0.52	$	0.50
Weighted-average common shares outstanding - diluted		350,743		351,811		354,654		357,026		358,812
Earnings per common share - diluted	$	0.52	$	0.52	$	0.51	$	0.52	$	0.50

Unaudited

AmSouth Bancorporation

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

(Taxable equivalent basis, $ in thousands)

	Three Months Ended March 31, 2006							Three Months Ended December 31, 2005							Three Months Ended September 30, 2005							Three Months Ended June 30, 2005							Three Months Ended March 31, 2005
	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	$	18,872,184		$	304,439	6.54	%	$	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	%
Residential first mortgages		6,070,856			79,599	5.32	%		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	%
Equity loans and lines		7,970,946			131,595	6.70	%		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	%
Dealer indirect		2,992,386			39,302	5.33	%		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	%
Other consumer		438,152			10,057	9.31	%		460,687			10,323	8.89	%		469,482			10,841	9.16	%		467,045			10,757	9.24	%		603,138			11,757	7.91	%
Total loans net of unearned income (1)		36,344,524			564,992	6.30	%		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	%
Available-for-sale securities, amortized cost		5,961,800			69,828	4.75	%		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	%
Market valuation on AFS securities		(168,590	)						(160,331	)						(74,193	)						(87,157	)						(41,821	)
Total available-for-sale securities (2)		5,793,210							5,916,646							5,991,526							6,235,546							6,343,624
Held-to-maturity securities		5,568,989			70,448	5.13	%		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	%
Total investment securities (3)		11,362,199			140,276	4.93	%		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	%
Other interest-earning assets		519,175			6,006	4.69	%		587,653			7,326	4.95	%		541,115			6,412	4.70	%		271,607			3,188	4.71	%		189,569			1,917	4.10	%
Total interest-earning assets (3)		48,225,898			711,274	5.96	%		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	%
Cash and due from banks		1,141,977							1,172,698							1,160,908							1,182,160							1,165,902
Other assets		3,699,438							3,671,435							3,640,629							3,606,771							3,611,839
Allowance for loan and lease losses		(358,606	)						(383,889	)						(368,025	)						(368,375	)						(368,509	)
	$	52,708,707						$	51,673,254						$	50,635,581						$	50,341,297						$	50,296,110
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities:
Interest-bearing demand	$	7,590,274			36,394	1.94	%	$	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	%
Money market and savings deposits		9,497,343			44,212	1.89	%		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	%
Time deposits (4)		10,284,695			96,950	3.82	%		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	%
Foreign deposits		1,417,848			10,851	3.10	%		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	%
Federal funds purchased and securities sold under agreements to repurchase		4,103,167			38,655	3.82	%		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	%
Other interest-bearing liabilities (4)		6,496,420			75,648	4.72	%		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	%
Total interest-bearing liabilities		39,389,747			302,710	3.12	%		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	%
Net interest spread (3)						2.84	%						2.83	%						2.82	%						2.97	%						3.07	%
Noninterest-bearing demand deposits		7,956,264							7,949,605							7,565,672							7,454,032							7,225,621
Other liabilities (4)		1,786,204							1,732,468							1,700,464							1,636,182							1,666,288
Shareholders’ equity		3,576,492							3,548,566							3,572,805							3,540,078							3,538,378
	$	52,708,707						$	51,673,254						$	50,635,581						$	50,341,297						$	50,296,110
Net interest income/margin on a taxable equivalent basis (3)					408,564	3.42	%					402,989	3.37	%					385,529	3.31	%					389,470	3.40	%					390,647	3.45	%
Taxable equivalent adjustment:(5)
Loans					6,382							6,334							6,320							6,304							6,311
Available-for-sale securities					527							551							516							524							564
Held-to-maturity securities					3,935							3,954							3,960							3,999							4,019
Trading securities					-0-							-0-							-0-							-0-							5
Total taxable equivalent adjustment					10,844							10,839							10,796							10,827							10,899
Net interest income				$	397,720						$	392,150						$	374,733						$	378,643						$	379,748

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)

	2006			2005
	March 31			December 31			September 30			June 30			March 31
ASSETS
Cash and due from banks	$	1,110,025		$	1,307,043		$	1,223,228		$	1,167,313		$	1,110,764
Trading securities		5,672			30,419			39,186			39,404			33,185
Available-for-sale securities		5,854,279			5,989,989			6,033,746			6,172,833			6,378,267
Held-to-maturity securities		5,540,409			5,679,494			5,821,967			6,072,898			6,193,235
Loans held for sale		276,420			406,553			460,816			323,017			150,888
Loans net of unearned income:
Commercial and industrial		6,068,331			6,173,403			6,041,712			5,961,937			5,857,272
Commercial loans - secured by real estate		2,921,517			2,700,353			2,489,973			2,381,944			2,251,824
Commercial leases		2,379,465			2,370,986			2,342,161			2,239,314			2,202,117
Commercial real estate mortgages		3,068,493			3,203,030			3,083,242			2,922,692			3,005,907
Real estate construction		4,827,188			4,085,369			3,508,763			3,364,146			3,243,707
Residential first mortgages		6,078,210			6,016,157			5,826,851			5,692,014			5,277,556
Equity loans and lines		8,022,254			7,859,133			7,479,750			7,427,904			7,596,112
Dealer indirect		2,960,112			3,047,117			3,116,305			3,087,815			3,120,046
Other consumer		412,378			442,391			446,412			455,616			470,896
Total loans net of unearned income		36,737,948			35,897,939			34,335,169			33,533,382			33,025,437
Allowance for loan and lease losses		(352,242	)		(366,695	)		(384,647	)		(365,626	)		(366,836	)
Other interest-earning assets		76,445			68,000			88,476			49,599			34,639
Premises and equipment, net		1,227,287			1,200,114			1,088,322			1,087,201			1,083,333
Cash surrender value - bank owned life insurance		1,167,701			1,156,265			1,144,048			1,133,539			1,122,447
Goodwill and other intangibles		295,736			296,582			298,205			298,841			299,478
Accrued interest receivable and other assets		918,482			941,407			956,869			1,034,430			946,621
	$	52,858,162		$	52,607,110		$	51,105,385		$	50,546,831		$	50,011,458
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits and interest-bearing liabilities:
Deposits:
Noninterest-bearing demand	$	8,291,134		$	8,233,137		$	8,022,022		$	7,687,525		$	7,500,430
Interest-bearing demand		7,826,012			7,299,655			6,838,125			6,962,855			7,071,159
Money market and savings		9,561,009			9,513,548			9,928,034			10,005,039			9,871,634
Time		10,424,392			9,928,485			9,710,125			9,062,959			9,509,574
Foreign		1,016,771			1,373,557			1,181,819			1,595,330			875,723
Total deposits		37,119,318			36,348,382			35,680,125			35,313,708			34,828,520
Federal funds purchased and securities sold under agreements to repurchase		3,923,273			4,404,262			3,374,744			2,842,751			2,610,403
Other borrowed funds		493,673			511,625			681,618			473,010			203,639
Long-term Federal Home Loan Bank advances		1,930,927			1,958,730			2,388,222			3,238,993			3,918,255
Other long-term debt		3,947,960			4,025,941			3,634,730			3,359,173			3,344,018
Total deposits and interest-bearing liabilities		47,415,151			47,248,940			45,759,439			45,227,635			44,904,835
Accrued expenses and other liabilities		1,825,269			1,723,593			1,768,491			1,680,971			1,614,901
Total liabilities		49,240,420			48,972,533			47,527,930			46,908,606			46,519,736
Shareholders’ equity:
Preferred stock		-0-			-0-			-0-			-0-			-0-
Common stock		416,719			416,706			416,723			416,732			416,736
Additional paid-in capital		743,634			738,011			734,850			731,383			729,039
Retained earnings		3,917,314			3,844,183			3,755,478			3,672,524			3,580,202
Treasury stock		(1,249,518	)		(1,208,874	)		(1,196,160	)		(1,093,405	)		(1,073,672	)
Deferred compensation on restricted stock		(18,092	)		(14,083	)		(14,733	)		(15,208	)		(16,230	)
Accumulated other comprehensive loss		(192,315	)		(141,366	)		(118,703	)		(73,801	)		(144,353	)
Total shareholders’ equity		3,617,742			3,634,577			3,577,455			3,638,225			3,491,722
	$	52,858,162		$	52,607,110		$	51,105,385		$	50,546,831		$	50,011,458

Unaudited

AmSouth Bancorporation

CREDIT QUALITY STATISTICS

($ in thousands)

	Three Months Ended
	2006			2005
	March 31			December 31			September 30			June 30			March 31
NET CHARGE-OFFS/(RECOVERIES)
Commercial:
Commercial & industrial	$	6,760		$	29,154		$	5,674		$	8,725		$	5,420
Commercial loans - secured by real estate		377			559			2			239			698
Commercial leases		26,904			582			263			-0-			182
Total commercial		34,041			30,295			5,939			8,964			6,300
Commercial real estate:
Commercial real estate mortgages		580			(22	)		(9	)		39			691
Real estate construction		2			(2	)		20			(213	)		1,534
Total commercial real estate		582			(24	)		11			(174	)		2,225
Consumer:
Residential first mortgages		379			648			239			424			1,298
Equity loans and lines		2,888			2,588			3,313			3,645			3,806
Dealer indirect		1,492			2,412			2,472			1,141			3,303
Other consumer		2,371			2,883			3,805			3,642			2,149
Total consumer		7,130			8,531			9,829			8,852			10,556
	$	41,753		$	38,802		$	15,779		$	17,642		$	19,081
NET CHARGE-OFFS AS A PERCENT OF AVERAGE LOANS (Annualized)
Commercial:
Commercial & industrial		0.45	%		1.91	%		0.38	%		0.59	%		0.38	%
Commercial loans - secured by real estate		0.05			0.09			0.00			0.04			0.13
Commercial leases		4.60			0.10			0.05			0.00			0.03
Total commercial		1.22			1.09			0.22			0.34			0.25
Commercial real estate:
Commercial real estate mortgages		0.08			0.00			0.00			0.01			0.10
Real estate construction		0.00			0.00			0.00			(0.03	)		0.20
Total commercial real estate		0.03			0.00			0.00			(0.01	)		0.15
Consumer:
Residential first mortgages		0.03			0.04			0.02			0.03			0.10
Equity loans and lines		0.15			0.13			0.18			0.19			0.20
Dealer indirect		0.20			0.31			0.32			0.15			0.42
Other consumer		2.19			2.48			3.22			3.13			1.45
Total consumer		0.17			0.20			0.23			0.21			0.25
		0.47	%		0.44	%		0.19	%		0.21	%		0.23	%

Unaudited

AmSouth Bancorporation

CREDIT QUALITY STATISTICS (continued)

($ in thousands)

	2006		2005
	March 31		December 31		September 30		June 30		March 31
NONPERFORMING LOANS*
Commercial:
Commercial & industrial	$	36,967	$	39,542	$	44,014	$	35,299	$	37,136
Commercial loans - secured by real estate		16,267		17,838		15,748		15,395		21,699
Commercial leases		1,689		27,374		1,871		1,656		2,407
Total commercial		54,923		84,754		61,633		52,350		61,242
Commercial real estate:
Commercial real estate mortgages		3,886		4,498		4,668		2,738		2,247
Real estate construction		7,681		2,946		2,121		1,837		2,466
Total commercial real estate		11,567		7,444		6,789		4,575		4,713
Consumer:
Residential first mortgages		15,871		8,817		10,542		11,649		19,147
Equity loans and lines		1,787		1,965		1,404		1,588		1,854
Dealer indirect		2		1		24		17		7
Other consumer		-0-		-0-		29		242		292
Total consumer		17,660		10,783		11,999		13,496		21,300
	$	84,150	$	102,981	$	80,421	$	70,421	$	87,255
*    Exclusive of accruing loans 90 days past due.
	2006		2005
	March 31		December 31		September 30		June 30		March 31
ACCRUING LOANS 90 DAYS PAST DUE
Commercial:
Commercial & industrial	$	269	$	1,258	$	1,665	$	6,502	$	4,565
Commercial loans - secured by real estate		476		36		1,023		1,944		952
Commercial leases		-0-		-0-		-0-		-0-		-0-
Total commercial		745		1,294		2,688		8,446		5,517
Commercial real estate:
Commercial real estate mortgages		187		656		72		867		8
Real estate construction		187		122		978		-0-		8,274
Total commercial real estate		374		778		1,050		867		8,282
Consumer:
Residential first mortgages		19,983		20,962		19,688		12,164		7,345
Equity loans and lines		25,684		26,762		25,279		24,311		26,063
Dealer indirect		1,483		3,065		2,644		2,450		2,258
Other consumer		939		1,144		1,055		947		1,253
Total consumer		48,089		51,933		48,666		39,872		36,919
	$	49,208	$	54,005	$	52,404	$	49,185	$	50,718

Unaudited

AmSouth Bancorporation

OTHER INFORMATION

	2006		2005
	March 31*		December 31		September 30		June 30		March 31
REGULATORY CAPITAL RATIOS
Tier 1 capital ratio
AmSouth	7.64	%	7.81	%	7.90	%	8.17	%	8.05	%
AmSouth Bank	8.58		8.58		8.80		8.86		8.71
Total capital ratio
AmSouth	10.89	%	11.40	%	11.31	%	11.64	%	11.54	%
AmSouth Bank	10.93		11.60		11.97		12.09		11.97
Leverage ratio
AmSouth	6.68	%	6.74	%	6.72	%	6.79	%	6.61	%
AmSouth Bank	7.13		7.41		7.49		7.36		7.16

* First quarter 2006 regulatory capital ratios based on preliminary data.