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): July 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 July 18, 2006 AmSouth Bancorporation issued a press release announcing its preliminary results of operations for the quarter ended June 30, 2006. A copy of the press release is attached hereto and incorporated herein as Exhibit 99.1. Supplemental financial information for the quarter ended June 30, 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 July 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: July 18, 2006

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

AmSouth Reports Earnings for Second Quarter 2006

BIRMINGHAM, Ala., July 18, 2006 – AmSouth Bancorporation (NYSE: ASO) today reported earnings for the second quarter ended June 30, 2006, of $.53 per diluted share, compared to $.52 per diluted share reported for the second quarter of 2005. Net income for the second quarter of 2006 was a record $184.7 million and resulted in a return on average equity of 20.6 percent, a return on average assets of 1.39 percent, and an efficiency ratio of 52.7 percent.

“Even as AmSouth prepares to complete its merger with Regions Financial Corporation later this year, we are continuing to deliver solid earnings driven by higher revenue across the board,” said Dowd Ritter, AmSouth’s chairman, president and chief executive officer. “This quarter was marked by a combination of higher net interest income, higher noninterest revenue, and continued strength in credit quality.”

Net interest income in the second quarter grew to $402.8 million, or an annual rate of 6.4 percent compared with the second quarter of 2005, and the net interest margin remained stable at 3.39 percent. Contributing to the higher level of net interest income, loan growth continued at a healthy 10.9 percent pace compared to the second quarter of

1

2005 and was led by growth in Commercial Real Estate, small business lending, and equity lending. Total deposits grew $2.2 billion during the same period.

Noninterest revenue, which includes earnings from service charges, trust, investment services, interchange, and other sources of fee income, was $231.4 million for the quarter, increasing at an annual rate of 21.3 percent compared with the prior quarter. Noninterest expenses in the second quarter were $339.6 million, which includes $7.2 million in stock based compensation expense not recorded in prior quarters.

Credit quality remained strong, with net charge-offs of $17.2 million or 0.19 percent of average net loans in the second quarter, a decrease of 2 basis points compared with the second quarter of 2005. The provision for loan losses totaled $24.0 million for the current quarter, while the ratio of loan loss allowance to total loans was stable at 0.96 percent at June 30, 2006.

Total nonperforming assets at June 30, 2006, were $109.4 million, or 0.29 percent of loans net of unearned income, foreclosed properties and repossessions, compared to $100.3 million, or 0.27 percent, in the previous quarter.

“We are continuing to make good progress toward completing our merger with Regions in the fourth quarter and realizing the unprecedented opportunity to combine two premier financial institutions with histories of high profitability and shareholder returns into an even stronger organization,” Ritter said.

For supplemental financial information about the second quarter results, please refer to the Form 8-K filed by AmSouth with the Securities and Exchange Commission on July 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 $54 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.

2

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. 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.

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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											2006			2005
	June 30			March 31			December 31			September 30			June 30					June 30			June 30
Net interest income	$	402,785		$	397,720		$	392,150		$	374,733		$	378,643		6.4	%	$	800,505		$	758,391		5.6	%
Provision for loan and lease losses		24,000			27,300			20,850			34,800			17,700		35.6	%		51,300			38,300		33.9	%
Net interest income after provision		378,785			370,420			371,300			339,933			360,943		4.9	%		749,205			720,091		4.0	%
Noninterest revenues		231,381			219,683			216,944			259,649			223,151		3.7	%		451,064			438,587		2.8	%
Noninterest expenses		339,555			330,002			320,559			336,905			314,942		7.8	%		669,557			634,459		5.5	%
Income before income taxes		270,611			260,101			267,685			262,677			269,152		0.5	%		530,712			524,219		1.2	%
Income taxes		85,930			79,110			85,552			82,349			84,553		1.6	%		165,040			160,975		2.5	%
Net income	$	184,681		$	180,991		$	182,133		$	180,328		$	184,599		0.0	%	$	365,672		$	363,244		0.7	%
Earnings per common share - basic	$	0.54		$	0.52		$	0.52		$	0.52		$	0.52		3.8	%	$	1.06		$	1.03		2.9	%
Earnings per common share - diluted		0.53			0.52			0.52			0.51			0.52		1.9	%		1.04			1.01		3.0	%
Cash dividends declared per common share		0.26			0.26			0.26			0.25			0.25		4.0	%		0.52			0.50		4.0	%
Weighted-average common shares outstanding - basic		344,647			345,433			347,201			349,346			352,054					345,038			353,170
Weighted-average common shares outstanding - diluted		349,647			350,743			351,811			354,654			357,026					350,192			357,914
End of period common shares outstanding		343,484			346,590			348,072			348,562			352,349					343,484			352,349
	Three Months Ended																	YTD
	2006						2005											2006 June 30			2005 June 30
KEY PERFORMANCE RATIOS	June 30			March 31			December 31			September 30			June 30
Average shareholders’ equity to average total assets		6.76	%		6.79	%		6.87	%		7.06	%		7.03	%				6.77	%		7.03	%
End of period shareholders’ equity to end of period total assets		6.64			6.84			6.91			7.00			7.20					6.64			7.20
Return on average assets (annualized)		1.39			1.39			1.40			1.41			1.47					1.39			1.46
Return on average shareholders’ equity (annualized)		20.59			20.52			20.36			20.02			20.92					20.56			20.70
Net interest margin - taxable equivalent		3.39			3.42			3.37			3.31			3.40					3.41			3.42
Efficiency ratio		52.65			52.53			51.71			52.22			51.41					52.59			52.06
Loans net of unearned income to total deposits		100.04			98.97			98.76			96.23			94.96					100.04			94.96
Book value per common share	$	10.42		$	10.44		$	10.44		$	10.26		$	10.33				$	10.42		$	10.33
Tangible book value per common share		9.56			9.58			9.59			9.41			9.48					9.56			9.48

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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								2006		2005
	June 30		March 31		December 31		September 30		June 30				June 30		June 30
Loans net of unearned income	$	37,012,965	$	36,344,524	$	34,993,552	$	33,765,529	$	33,361,522	10.9	%	$	36,680,591	$	33,285,458	10.2	%
Total investment securities *		11,526,166		11,530,789		11,792,136		11,969,618		12,374,769	(6.9	%)		11,528,465		12,452,245	(7.4	%)
Interest-earning assets *		48,937,299		48,394,488		47,373,341		46,276,262		46,007,898	6.4	%		48,667,393		45,968,517	5.9	%
Total assets		53,182,063		52,708,707		51,673,254		50,635,581		50,341,297	5.6	%		52,946,693		50,318,828	5.2	%
Noninterest-bearing deposits		7,948,217		7,956,264		7,949,605		7,565,672		7,454,032	6.6	%		7,952,219		7,340,457	8.3	%
Interest-bearing deposits**		29,118,925		28,790,160		28,166,662		27,848,894		27,403,908	6.3	%		28,955,450		27,445,215	5.5	%
Total deposits**		37,067,142		36,746,424		36,116,267		35,414,566		34,857,940	6.3	%		36,907,669		34,785,672	6.1	%
Shareholders’ equity		3,597,112		3,576,492		3,548,566		3,572,805		3,540,078	1.6	%		3,586,859		3,539,233	1.3	%
*       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
	June 30		March 31		December 31		September 30		June 30
Loans net of unearned income	$	37,454,093	$	36,737,948	$	35,897,939	$	34,335,169	$	33,533,382	11.7	%
Total investment securities		11,389,462		11,394,687		11,669,483		11,855,712		12,245,731	(7.0	%)
Interest-earning assets		49,372,999		48,491,173		48,072,394		46,779,359		46,191,133	6.9	%
Total assets		53,929,814		52,858,162		52,607,110		51,105,385		50,546,831	6.7	%
Noninterest-bearing deposits		8,188,068		8,291,134		8,233,137		8,022,022		7,687,525	6.5	%
Interest-bearing deposits		29,249,432		28,828,184		28,115,245		27,658,103		27,626,183	5.9	%
Total deposits		37,437,500		37,119,318		36,348,382		35,680,125		35,313,708	6.0	%
Shareholders’ equity		3,579,061		3,617,742		3,634,577		3,577,455		3,638,225	(1.6	%)

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AmSouth Bancorporation

SUMMARY FINANCIAL INFORMATION

($ in thousands)

	2006						2005
NONPERFORMING ASSETS	June 30			March 31			December 31			September 30			June 30
Nonaccrual loans*	$	94,892		$	84,150		$	102,981		$	80,421		$	70,421
Foreclosed properties		12,684			14,566			17,667			15,853			17,791
Repossessions		1,833			1,599			2,274			1,869			1,755
Total nonperforming assets*	$	109,409		$	100,315		$	122,922		$	98,143		$	89,967
Nonperforming assets to loans net of unearned income, foreclosed properties and repossessions		0.29	%		0.27	%		0.34	%		0.29	%		0.27	%
Accruing loans 90 days past due	$	43,542		$	49,208		$	54,005		$	52,404		$	49,185

* Exclusive of accruing loans 90 days past due

	2006						2005
ALLOWANCE FOR LOAN AND LEASE LOSSES	2nd Quarter			1st Quarter			4th Quarter			3rd Quarter			2nd Quarter
Balance at beginning of period	$	352,242		$	366,695		$	384,647		$	365,626		$	366,836
Loans charged off		(25,926	)		(50,571	)		(47,314	)		(23,926	)		(27,170	)
Recoveries of loans previously charged off		8,776			8,818			8,512			8,147			9,528
Net Charge-offs		(17,150	)		(41,753	)		(38,802	)		(15,779	)		(17,642	)
Addition to allowance charged to expense		24,000			27,300			20,850			34,800			17,700
Reduction of allowance related to sold loans		-0-			-0-			-0-			-0-			(1,268	)
Balance at end of period	$	359,092		$	352,242		$	366,695		$	384,647		$	365,626
Allowance for loan and lease losses to loans net of unearned income		0.96	%		0.96	%		1.02	%		1.12	%		1.09	%
Net charge-offs to average loans net of unearned income *		0.19	%		0.47	%		0.44	%		0.19	%		0.21	%
Allowance for loan and lease losses to nonperforming loans**		378.42	%		418.59	%		356.08	%		478.29	%		519.20	%
Allowance for loan and lease losses to nonperforming assets**		328.21	%		351.14	%		298.32	%		391.93	%		406.40	%

* Annualized

** Exclusive of accruing loans 90 days past due

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EX-99.2

Exhibit 99.2

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AmSouth Bancorporation

CONSOLIDATED QUARTERLY STATEMENTS OF EARNINGS

($ in thousands, except per share data)

	2006				2005
	June 30		March 31		December 31		September 30		June 30
INTEREST INCOME
Loans	$	598,190	$	558,610	$	524,840	$	481,387	$	454,169
Available-for-sale securities		72,156		69,301		71,646		69,887		74,073
Held-to-maturity securities		65,100		66,513		67,092		68,828		71,082
Trading securities		339		414		350		278		218
Loans held for sale		5,162		4,905		6,296		5,675		2,614
Other interest-earning assets		696		687		680		459		356
Total interest income		741,643		700,430		670,904		626,514		602,512
INTEREST EXPENSE
Interest-bearing demand		42,051		36,394		26,780		23,748		20,356
Money market and savings deposits		51,159		44,212		43,981		42,394		36,956
Time deposits		111,090		96,950		88,021		79,496		68,855
Foreign deposits		11,365		10,851		13,154		11,084		6,697
Federal funds purchased and securities sold under agreements to repurchase		40,878		38,655		30,926		23,497		17,507
Other borrowed funds		11,887		7,376		5,561		4,563		2,129
Long-term Federal Home Loan Bank advances		25,324		24,853		26,621		31,193		38,633
Other long-term debt		45,104		43,419		43,710		35,806		32,736
Total interest expense		338,858		302,710		278,754		251,781		223,869
NET INTEREST INCOME		402,785		397,720		392,150		374,733		378,643
Provision for loan and lease losses		24,000		27,300		20,850		34,800		17,700
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES		378,785		370,420		371,300		339,933		360,943
NONINTEREST REVENUES
Service charges on deposit accounts		103,308		95,105		95,388		95,141		91,485
Trust income		24,124		23,763		23,354		29,439		30,010
Consumer investment services income		24,139		21,942		18,312		18,668		18,875
Interchange income		25,714		24,735		24,657		22,884		22,731
Commercial credit fee income		10,768		11,480		10,478		12,178		13,901
Bank owned life insurance policies		11,294		10,983		10,793		11,386		10,582
Mortgage income		3,345		3,388		2,046		5,873		4,796
Portfolio income		203		592		684		301		3,150
Net gain on sale of mutual fund management unit		-0-		-0-		-0-		44,007		-0-
Other noninterest revenues		28,486		27,695		31,232		19,772		27,621
Total noninterest revenues		231,381		219,683		216,944		259,649		223,151
NONINTEREST EXPENSES
Salaries and employee benefits		192,446		184,152		174,027		174,055		172,955
Net occupancy		38,760		38,834		38,039		38,342		38,430
Equipment		31,763		31,358		31,200		31,876		32,624
Postage and office supplies		9,833		9,653		9,397		10,071		10,080
Marketing		12,002		13,260		7,609		10,698		7,168
Professional fees		8,019		6,342		13,990		12,130		7,759
Communications		5,971		6,120		6,038		6,027		6,155
Amortization of intangibles		487		541		613		637		636
Other noninterest expenses		40,274		39,742		39,646		53,069		39,135
Total noninterest expenses		339,555		330,002		320,559		336,905		314,942
INCOME BEFORE INCOME TAXES		270,611		260,101		267,685		262,677		269,152
Income taxes		85,930		79,110		85,552		82,349		84,553
NET INCOME	$	184,681	$	180,991	$	182,133	$	180,328	$	184,599
Weighted-average common shares outstanding - basic		344,647		345,433		347,201		349,346		352,054
Earnings per common share - basic	$	0.54	$	0.52	$	0.52	$	0.52	$	0.52
Weighted-average common shares outstanding - diluted		349,647		350,743		351,811		354,654		357,026
Earnings per common share - diluted	$	0.53	$	0.52	$	0.52	$	0.51	$	0.52

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AmSouth Bancorporation

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

(Taxable equivalent basis, $ in thousands)

	Three Months Ended June 30, 2006							Three Months Ended March 31, 2006							Three Months Ended December 31, 2005							Three Months Ended September 30, 2005							Three Months Ended June 30, 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	$	19,492,112		$	331,471	6.82	%	$	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	%
Residential first mortgages		6,078,445			80,488	5.31	%		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	%
Equity loans and lines		8,073,014			142,212	7.07	%		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	%
Dealer indirect		2,940,262			40,070	5.47	%		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	%
Other consumer		429,132			10,290	9.62	%		438,152			10,057	9.31	%		460,687			10,323	8.89	%		469,482			10,841	9.16	%		467,045			10,757	9.24	%
Total loans net of unearned income (1)		37,012,965			604,531	6.55	%		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	%
Available-for-sale securities, amortized cost		6,089,613			72,701	4.79	%		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	%
Market valuation on AFS securities		(250,466	)						(168,590	)						(160,331	)						(74,193	)						(87,157	)
Total available-for-sale securities (2)		5,839,147							5,793,210							5,916,646							5,991,526							6,235,546
Held-to-maturity securities		5,436,554			69,019	5.09	%		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	%
Total investment securities (3)		11,275,701			141,720	4.93	%		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	%
Other interest-earning assets		398,167			6,197	6.24	%		519,175			6,006	4.69	%		587,653			7,326	4.95	%		541,115			6,412	4.70	%		271,607			3,188	4.71	%
Total interest-earning assets (3)		48,686,833			752,448	6.17	%		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	%
Cash and due from banks		1,103,675							1,141,977							1,172,698							1,160,908							1,182,160
Other assets		3,748,418							3,699,438							3,671,435							3,640,629							3,606,771
Allowance for loan and lease losses		(356,863	)						(358,606	)						(383,889	)						(368,025	)						(368,375	)
	$	53,182,063						$	52,708,707						$	51,673,254						$	50,635,581						$	50,341,297
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities:
Interest-bearing demand	$	7,540,377			42,051	2.24	%	$	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	%
Money market and savings deposits		9,397,229			51,159	2.18	%		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	%
Time deposits (4)		10,742,768			111,090	4.15	%		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	%
Foreign deposits		1,438,551			11,365	3.17	%		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	%
Federal funds purchased and securities sold under agreements to repurchase		3,993,545			40,878	4.11	%		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	%
Other interest-bearing liabilities (4)		6,730,475			82,315	4.91	%		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	%
Total interest-bearing liabilities		39,842,945			338,858	3.41	%		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	%
Net interest spread (3)						2.76	%						2.84	%						2.83	%						2.82	%						2.97	%
Noninterest-bearing demand deposits		7,948,217							7,956,264							7,949,605							7,565,672							7,454,032
Other liabilities (4)		1,793,789							1,786,204							1,732,468							1,700,464							1,636,182
Shareholders’ equity		3,597,112							3,576,492							3,548,566							3,572,805							3,540,078
	$	53,182,063						$	52,708,707						$	51,673,254						$	50,635,581						$	50,341,297
Net interest income/margin on a taxable equivalent basis (3)					413,590	3.39	%					408,564	3.42	%					402,989	3.37	%					385,529	3.31	%					389,470	3.40	%
Taxable equivalent adjustment:(5)
Loans					6,341							6,382							6,334							6,320							6,304
Available-for-sale securities					545							527							551							516							524
Held-to-maturity securities					3,919							3,935							3,954							3,960							3,999
Trading securities					-0-							-0-							-0-							-0-							-0-
Total taxable equivalent adjustment					10,805							10,844							10,839							10,796							10,827
Net interest income				$	402,785						$	397,720						$	392,150						$	374,733						$	378,643

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 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
	June 30			March 31			December 31			September 30			June 30
ASSETS
Cash and due from banks	$	1,233,527		$	1,110,025		$	1,307,043		$	1,223,228		$	1,167,313
Trading securities		4,553			5,672			30,419			39,186			39,404
Available-for-sale securities		6,000,551			5,854,279			5,989,989			6,033,746			6,172,833
Held-to-maturity securities		5,388,911			5,540,409			5,679,494			5,821,967			6,072,898
Loans held for sale		371,034			276,420			406,553			460,816			323,017
Loans net of unearned income:
Commercial and industrial		6,046,262			6,068,331			6,173,403			6,041,712			5,961,937
Commercial loans - secured by real estate		3,207,313			2,921,517			2,700,353			2,489,973			2,381,944
Commercial leases		2,459,612			2,379,465			2,370,986			2,342,161			2,239,314
Commercial real estate mortgages		3,085,297			3,068,493			3,203,030			3,083,242			2,922,692
Real estate construction		5,005,958			4,827,188			4,085,369			3,508,763			3,364,146
Residential first mortgages		6,180,230			6,078,210			6,016,157			5,826,851			5,692,014
Equity loans and lines		8,113,323			8,022,254			7,859,133			7,479,750			7,427,904
Dealer indirect		2,941,639			2,960,112			3,047,117			3,116,305			3,087,815
Other consumer		414,459			412,378			442,391			446,412			455,616
Total loans net of unearned income		37,454,093			36,737,948			35,897,939			34,335,169			33,533,382
Allowance for loan and lease losses		(359,092	)		(352,242	)		(366,695	)		(384,647	)		(365,626	)
Other interest-earning assets		153,858			76,445			68,000			88,476			49,599
Premises and equipment, net		1,256,266			1,227,287			1,200,114			1,088,322			1,087,201
Cash surrender value - bank owned life insurance		1,179,535			1,167,701			1,156,265			1,144,048			1,133,539
Goodwill and other intangibles		294,344			295,736			296,582			298,205			298,841
Accrued interest receivable and other assets		952,234			918,482			941,407			956,869			1,034,430
	$	53,929,814		$	52,858,162		$	52,607,110		$	51,105,385		$	50,546,831
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits and interest-bearing liabilities:
Deposits:
Noninterest-bearing demand	$	8,188,068		$	8,291,134		$	8,233,137		$	8,022,022		$	7,687,525
Interest-bearing demand		7,602,285			7,826,012			7,299,655			6,838,125			6,962,855
Money market and savings		9,226,388			9,561,009			9,513,548			9,928,034			10,005,039
Time		10,736,886			10,424,392			9,928,485			9,710,125			9,062,959
Foreign		1,683,873			1,016,771			1,373,557			1,181,819			1,595,330
Total deposits		37,437,500			37,119,318			36,348,382			35,680,125			35,313,708
Federal funds purchased and securities sold under agreements to repurchase		3,628,577			3,923,273			4,404,262			3,374,744			2,842,751
Other borrowed funds		1,839,609			493,673			511,625			681,618			473,010
Long-term Federal Home Loan Bank advances		1,828,225			1,930,927			1,958,730			2,388,222			3,238,993
Other long-term debt		3,717,683			3,947,960			4,025,941			3,634,730			3,359,173
Total deposits and interest-bearing liabilities		48,451,594			47,415,151			47,248,940			45,759,439			45,227,635
Accrued expenses and other liabilities		1,899,159			1,825,269			1,723,593			1,768,491			1,680,971
Total liabilities		50,350,753			49,240,420			48,972,533			47,527,930			46,908,606
Shareholders’ equity:
Preferred stock		-0-			-0-			-0-			-0-			-0-
Common stock		416,606			416,719			416,706			416,723			416,732
Additional paid-in capital		752,491			743,634			738,011			734,850			731,383
Retained earnings		3,999,804			3,917,314			3,844,183			3,755,478			3,672,524
Treasury stock		(1,330,832	)		(1,249,518	)		(1,208,874	)		(1,196,160	)		(1,093,405	)
Deferred compensation on restricted stock		(31,049	)		(18,092	)		(14,083	)		(14,733	)		(15,208	)
Accumulated other comprehensive loss		(227,959	)		(192,315	)		(141,366	)		(118,703	)		(73,801	)
Total shareholders’ equity		3,579,061			3,617,742			3,634,577			3,577,455			3,638,225
	$	53,929,814		$	52,858,162		$	52,607,110		$	51,105,385		$	50,546,831

Unaudited

AmSouth Bancorporation

CREDIT QUALITY STATISTICS

($ in thousands)

	Three Months Ended
	2006						2005
NET CHARGE-OFFS/(RECOVERIES)	June 30			March 31			December 31			September 30			June 30
Commercial:
Commercial & industrial	$	10,789		$	6,760		$	29,154		$	5,674		$	8,725
Commercial loans - secured by real estate		(25	)		377			559			2			239
Commercial leases		(30	)		26,904			582			263			-0-
Total commercial		10,734			34,041			30,295			5,939			8,964
Commercial real estate:
Commercial real estate mortgages		229			580			(22	)		(9	)		39
Real estate construction		32			2			(2	)		20			(213	)
Total commercial real estate		261			582			(24	)		11			(174	)
Consumer:
Residential first mortgages		572			379			648			239			424
Equity loans and lines		2,067			2,888			2,588			3,313			3,645
Dealer indirect		324			1,492			2,412			2,472			1,141
Other consumer		3,192			2,371			2,883			3,805			3,642
Total consumer		6,155			7,130			8,531			9,829			8,852
	$	17,150		$	41,753		$	38,802		$	15,779		$	17,642
NET CHARGE-OFFS AS A PERCENT OF AVERAGE LOANS (Annualized)
Commercial:
Commercial & industrial		0.71	%		0.45	%		1.91	%		0.38	%		0.59	%
Commercial loans - secured by real estate		0.00			0.05			0.09			0.00			0.04
Commercial leases		0.00			4.60			0.10			0.05			0.00
Total commercial		0.37			1.22			1.09			0.22			0.34
Commercial real estate:
Commercial real estate mortgages		0.03			0.08			0.00			0.00			0.01
Real estate construction		0.00			0.00			0.00			0.00			(0.03	)
Total commercial real estate		0.01			0.03			0.00			0.00			(0.01	)
Consumer:
Residential first mortgages		0.04			0.03			0.04			0.02			0.03
Equity loans and lines		0.10			0.15			0.13			0.18			0.19
Dealer indirect		0.04			0.20			0.31			0.32			0.15
Other consumer		2.98			2.19			2.48			3.22			3.13
Total consumer		0.14			0.17			0.20			0.23			0.21
		0.19	%		0.47	%		0.44	%		0.19	%		0.21	%

Unaudited

AmSouth Bancorporation

CREDIT QUALITY STATISTICS (continued)

($ in thousands)

	2006				2005
NONPERFORMING LOANS*	June 30		March 31		December 31		September 30		June 30
Commercial:
Commercial & industrial	$	41,774	$	36,967	$	39,542	$	44,014	$	35,299
Commercial loans - secured by real estate		17,515		16,267		17,838		15,748		15,395
Commercial leases		3,438		1,689		27,374		1,871		1,656
Total commercial		62,727		54,923		84,754		61,633		52,350
Commercial real estate:
Commercial real estate mortgages		7,813		3,886		4,498		4,668		2,738
Real estate construction		4,080		7,681		2,946		2,121		1,837
Total commercial real estate		11,893		11,567		7,444		6,789		4,575
Consumer:
Residential first mortgages		18,547		15,871		8,817		10,542		11,649
Equity loans and lines		1,724		1,787		1,965		1,404		1,588
Dealer indirect		1		2		1		24		17
Other consumer		-0-		-0-		-0-		29		242
Total consumer		20,272		17,660		10,783		11,999		13,496
	$	94,892	$	84,150	$	102,981	$	80,421	$	70,421
*  Exclusive of accruing loans 90 days past due.
	2006				2005
ACCRUING LOANS 90 DAYS PAST DUE	June 30		March 31		December 31		September 30		June 30
Commercial:
Commercial & industrial	$	334	$	269	$	1,258	$	1,665	$	6,502
Commercial loans - secured by real estate		41		476		36		1,023		1,944
Commercial leases		-0-		-0-		-0-		-0-		-0-
Total commercial		375		745		1,294		2,688		8,446
Commercial real estate:
Commercial real estate mortgages		41		187		656		72		867
Real estate construction		145		187		122		978		-0-
Total commercial real estate		186		374		778		1,050		867
Consumer:
Residential first mortgages		16,947		19,983		20,962		19,688		12,164
Equity loans and lines		23,671		25,684		26,762		25,279		24,311
Dealer indirect		1,438		1,483		3,065		2,644		2,450
Other consumer		925		939		1,144		1,055		947
Total consumer		42,981		48,089		51,933		48,666		39,872
	$	43,542	$	49,208	$	54,005	$	52,404	$	49,185

Unaudited

AmSouth Bancorporation

OTHER INFORMATION

	2006				2005
REGULATORY CAPITAL RATIOS	June 30*		March 31		December 31		September 30		June 30
Tier 1 capital ratio
AmSouth	7.44	%	7.66	%	7.71	%	7.90	%	8.17	%
AmSouth Bank	7.96		8.20		8.47		8.80		8.86
Total capital ratio
AmSouth	10.62	%	10.91	%	11.26	%	11.31	%	11.64	%
AmSouth Bank	10.67		10.97		11.45		11.97		12.09
Leverage ratio
AmSouth	6.62	%	6.68	%	6.74	%	6.72	%	6.79	%
AmSouth Bank	7.06		7.13		7.41		7.49		7.36

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