1

SECOND QUARTER 2019

FINANCIAL SUPPLEMENT

If you need further information, please contact:

Aarti Bowman, Investor Relations

901-523-4017

aagoorha@firsthorizon.com

FHN TABLE OF CONTENTS

	Page
First Horizon National Corporation Segment Structure	3
Performance Highlights	4
Consolidated Results
Income Statement
Income Statement	6
Other Income and Other Expense	7
Acquisition, Restructuring, and Rebranding Expense	8
Balance Sheet
Period End Balance Sheet	9
Average Balance Sheet	10
Net Interest Income	11
Average Balance Sheet: Yields and Rates	12
Capital Highlights	13
Business Segment Detail
Segment Highlights	14
Regional Banking	15
Fixed Income and Corporate	16
Non-Strategic	17
Asset Quality
Asset Quality: Consolidated	18
Asset Quality: Regional Banking and Corporate	20
Asset Quality: Non-Strategic	21
Non-GAAP to GAAP Reconciliation	22
Glossary of Terms	23

Other Information

This financial supplement contains forward-looking statements involving significant risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking information. Those factors include general economic and financial market conditions, including expectations of and actual timing and amount of interest rate movements including the slope of the yield curve, competition, customer and investor responses to these conditions, ability to execute business plans, geopolitical developments, recent and future legislative and regulatory developments, natural disasters, and items mentioned in this financial supplement and in First Horizon National Corporation’s (“FHN”) most recent earnings release, as well as critical accounting estimates and other factors described in FHN’s recent filings with the SEC. FHN disclaims any obligation to update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements to reflect future events or developments.

Use of Non-GAAP Measures and Regulatory Measures that are not GAAP

Certain measures are included in this financial supplement that are “non-GAAP,” meaning (under U.S. financial reporting rules) they are not presented in accordance with generally accepted accounting principles (“GAAP”) in the U.S. and also are not codified in U.S. banking regulations currently applicable to FHN. Although other entities may use calculation methods that differ from those used by FHN for non-GAAP measures, FHN’s management believes such measures are relevant to understanding the financial condition, capital position, and financial results of FHN and its business segments. Non-GAAP measures are reported to FHN’s management and Board of Directors through various internal reports.

Presentation of regulatory measures, some of which follow regulatory definitions rather than GAAP, provides a meaningful base for comparability to other financial institutions subject to the same regulations as FHN. Such measures are used by the various banking regulators in reviewing the performance, stability, and capital adequacy of financial institutions they regulate. Although not GAAP terms, these regulatory measures are not considered “non-GAAP” under U.S. financial reporting rules as long as their presentation conforms to regulatory standards. Regulatory measures used in this financial supplement include: common equity tier 1 capital, generally defined as common equity less goodwill, other intangibles, and certain other required regulatory deductions; tier 1 capital, generally defined as the sum of core capital (including common equity and instruments that cannot be redeemed at the option of the holder) adjusted for certain items under risk based capital regulations; risk weighted assets (“RWA”), which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios; and pre-provision net revenue (“PPNR”), calculated by adding the provision/(provision credit) for loan losses to income before income taxes, excluding securities gains/(losses).

The non-GAAP measures presented in this financial supplement are return on average tangible common equity (“ROTCE”), tangible common equity (“TCE”) to tangible assets (“TA”), and tangible book value ("TBV") per common share.

Refer to the tabular reconciliation of non-GAAP to GAAP measures and presentation of the most comparable GAAP items on page 22 of this financial supplement.

2

FIRST HORIZON NATIONAL CORPORATION SEGMENT STRUCTURE

3

FHN PERFORMANCE HIGHLIGHTS
Summary of Second Quarter 2019 Notable Items
Segment	Item	Income Statement	Amount Favorable/ (Unfavorable)	Comments
Corporate	Restructuring, repositioning, and efficiency initiatives	Noninterest expense: various	$(18.7) million	Pre-tax expense associated with asset impairments, professional fees, and severance-related costs associated with efficiency initiatives
Corporate	Rebranding expenses	Noninterest expense: various	$(9.1) million	Pre-tax expense associated with asset impairments, professional fees, and other customer-contact and technology-related expenses
Corporate	Acquisition expenses	Noninterest expense: various	$(8.6) million	Pre-tax acquisition-related expenses primarily associated with the Capital Bank Financial Corp. ("CBF") acquisition
Non-Strategic	Litigation expense reversal	Litigation and regulatory matters	$8.3 million	Pre-tax expense reversal related to the settlement of litigation matters
Second Quarter 2019 vs. First Quarter 2019

Consolidated								l 2Q19 diluted EPS of $.35 compared to $.31 in 1Q19 l Total revenue up 6% with increases in fee income and NII l Increase in fee income largely due to higher fixed income revenue l NII up from higher commercial loan balances and loan accretion, somewhat offset by the negative impact of a decline in LIBOR and loan spreads l NIM of 3.34% in 2Q19 compared to 3.31% in 1Q19; increase primarily due to lower interest bearing cash, higher loan accretion, and a favorable shift in deposit mix (from market-indexed to core customer), somewhat offset by a decline in LIBOR and loan spreads l    Loan loss provision at $13 million in 2Q19, up from $9 million in 1Q19 l    Expenses up 1% primarily driven by notable items l   2Q19 expense also favorably impacted by cost savings from efficiency initiatives l    Average loan growth of 5%
(Thousands, except per share data)	2Q19		1Q19		Change
Income Statement
Net interest income	$	303,610	$	294,508	3		%
Noninterest income	157,993		141,045		12		%
Total revenues	461,603		435,553		6		%
Provision for loan losses	13,000		9,000		44		%
Noninterest expense	300,394		296,090		1		%
Income before income taxes	148,209		130,463		14		%
Provision for income taxes	34,467		27,058		27		%
Net income/(loss)	$	113,742	$	103,405	10		%
Diluted EPS	$	0.35	$	0.31	13		%
Balance Sheet (millions)
Average Loans	$	28,672	$	27,313	5		%
Average Deposits	31,964		32,497		(2	)	%

Regional Banking								lStrong loan and deposit growth    l Loan growth due to increases in C&I and specialty areas, with particular strength in loans to mortgage companies    l  Customer deposit growth from ongoing focus on new-to-bank households    l NII up from an increase in commercial loans, higher accretion, and more days in 2Q19 l    Fee income up 12% with solid growth in nearly all products and services l    Provision expense primarily driven by increased reserves due to commercial loan growth and specific reserves for two commercial credits, one of which was partially charged off in 2Q19 l   Net charge-offs were $7.8 million in 2Q19, up from $5.5 million l    Expenses down 3% primarily driven by lower personnel-related expense and broad-based cost savings across multiple line items driven by continued strategic focus on expense optimization
(Thousands)	2Q19		1Q19		Change
Net interest income	$	297,328	$	285,913	4		%
Noninterest income	81,475		73,030		12		%
Total revenues	378,803		358,943		6		%
Provision for loan losses	17,775		13,443		32		%
Noninterest expense	193,268		199,468		(3	)	%
Income before income taxes	$	167,760	$	146,032	15		%
PPNR (a)	185,535		159,475		16		%
Balance Sheet (millions)
Average loans	$	27,533	$	26,107	5		%
Average deposits	29,954		29,590		1		%
(a) Pre-provision net revenue is not a GAAP number but is used in regulatory stress test reporting. The presentation of PPNR in this Financial Supplement follows the regulatory definition.

Fixed Income								l Decline in interest rates and rate outlook favorably impacted 2Q19 activity l2Q19 ADR of $866 thousand, compared to ADR of $729 thousand in 1Q19, up 19% with growth across multiple trading desks from 1Q19 l Pre-tax income up from higher ADR, an increase in other product revenue, somewhat offset by higher variable compensation
(Thousands)	2Q19		1Q19		Change
Net interest income	$	6,171	$	7,331	(16	)	%
Noninterest income	65,622		53,807		22		%
Total revenues	71,793		61,138		17		%
Noninterest expense	55,770		50,774		10		%
Income before income taxes	$	16,023	$	10,364	55		%

4

FHN PERFORMANCE HIGHLIGHTS (continued)

Second Quarter 2019 vs. First Quarter 2019 (continued)

Corporate										l    Deferred compensation net impact of $.5 million with a fee income decrease of $3.5 million, offset by an expense decrease of $4.1 million l    Expense increase driven by higher restructuring costs associated with efficiency initiatives and rebranding-related expenses, somewhat offset by lower acquisition-related costs
(Thousands)	2Q19			1Q19			Change
Net interest income	$	(7,000	)	$	(7,803	)	10		%
Noninterest income	9,400			13,352			(30	)	%
Total revenues	2,400			5,549			(57	)	%
Noninterest expense	55,500			40,374			37		%
Income before income taxes	$	(53,100	)	$	(34,825	)	(52	)	%

Non-Strategic										l  Non-Strategic results reflect continuing wind-down of the loan portfolio l    Fee income in 2Q19 includes a $1.1 million gain on the sale and payoff of TRUPS loans l    2Q19 includes an $8.3 million favorable expense reversal related to the settlement of litigation matters
(Thousands)	2Q19			1Q19			Change
Net interest income	$	7,111		$	9,067		(22	)	%
Noninterest income	1,496			856			75		%
Total revenues	8,607			9,923			(13	)	%
Provision for loan losses	(4,775		)	(4,443		)	(7	)	%
Noninterest expense	(4,144		)	5,474			NM
Income before income taxes	$	17,526		$	8,892		97		%
Balance Sheet
Average loans	$	1,011		$	1,087		(7	)	%
NM - Not meaningful

Asset Quality									l    Increase in reserves primarily driven by loan growth within the commercial portfolio partially offset by declining balances in the non-strategic portfolio l    Net charge-offs were $5.2 million in 2Q19 compared to $4.5 million in 1Q19; increase driven by one mortgage warehouse lending relationship l    Nonperforming loans increased $29 million, primarily driven by one mortgage warehouse lending relationship l    30+ delinquencies improved
(Thousands)	2Q19			1Q19		Change
Allowance for loan losses	$192,749			$184,911		4		%
Allowance / loans %	0.65		%	0.66	%
Net Charge-offs	$	5,162		$4,513		14		%
Net charge-offs %	0.07		%	0.07	%
Nonperforming Loans (a)	$204,586			$181,624		13		%
NPL %	0.69		%	0.65	%
30+ delinquencies	$	58,861		$63,693		(8	)	%
30+ delinquencies %	0.20		%	0.23	%
* Amount is less than one percent.
(a) Excludes loans held-for-sale.

Capital and Liquidity										lDeclared quarterly dividend of $.14 in 2Q19; dividend payout of 41% l Repurchased 3.5 million shares (weighted average price - $14.30) in 2Q19 compared to 3.5 million shares (weighted average price - $14.85) in 1Q19 l$298.9 million remaining authorization under the stock purchase authorization first announced in January 2018, currently scheduled to expire January 31, 2021 l 2Q19 decrease in risk-based capital ratios largely driven by an increase in risk-weighted assets driven by period-end commercial loan growth
(millions)	2Q19			1Q19			Change
Common dividends declared (a)	$	43.7		$	44.3		(1	)	%
Preferred dividends declared	$	1.6		$	1.6		*
Share repurchases	$	50.2		$	51.5		(3	)	%
Capital Ratios (b)
Common Equity Tier 1	9.25		%	9.62		%
Tier 1	10.24		%	10.65		%
Total Capital	11.34		%	11.78		%
Leverage	9.05		%	9.02		%
* Amount is less than one percent.
(a) 2Q19 common dividends paid July 1, 2019; 1Q19 common dividends paid April 1, 2019.
(b) Regulatory capital ratios calculated under the Basel III risk-based capital rules as phased-in; current quarter is an estimate.

5

FHN CONSOLIDATED INCOME STATEMENT

Quarterly, Unaudited

																2Q19 Changes vs.
(Dollars in thousands, except per share data)	2Q19			1Q19			4Q18			3Q18			2Q18			1Q19			2Q18
Interest income	$	412,089		$	400,615		$	401,186		$	393,669		$	387,811		3		%	6		%
Less: interest expense	108,479			106,107			98,674			87,969			76,879			2		%	41		%
Net interest income	303,610			294,508			302,512			305,700			310,932			3		%	(2	)	%
Provision/(provision credit) for loan losses	13,000			9,000			6,000			2,000			—			44		%	NM
Net interest income after provision for loan losses	290,610			285,508			296,512			303,700			310,932			2		%	(7	)	%
Noninterest income:
Fixed income (a)	66,414			53,749			39,866			44,813			37,697			24		%	76		%
Deposit transactions and cash management (b)	32,374			31,621			25,422			35,792			36,083			2		%	(10	)	%
Brokerage, management fees and commissions	14,120			12,633			13,380			14,200			13,740			12		%	3		%
Trust services and investment management	7,888			7,026			6,959			7,438			8,132			12		%	(3	)	%
Bankcard income	6,355			6,952			7,570			7,744			7,195			(9	)	%	(12	)	%
Bank-owned life insurance	5,126			4,402			4,852			4,337			5,773			16		%	(11	)	%
Securities gains/(losses), net (c)	49			31			(28		)	212,859			31			58		%	58		%
Other (d)	25,667			24,631			12,253			21,789			18,874			4		%	36		%
Total noninterest income	157,993			141,045			110,274			348,972			127,525			12		%	24		%
Adjusted gross income after provision for loan losses	448,603			426,553			406,786			652,672			438,457			5		%	2		%
Noninterest expense:
Employee compensation, incentives, and benefits (e)	171,643			177,925			156,240			164,839			165,890			(4	)	%	3		%
Repurchase and foreclosure provision (f)	(530		)	(455		)	(153		)	(562		)	(252		)	(16	)	%	NM
Legal fees (g)	6,486			2,831			3,479			2,541			2,784			NM			NM
Professional fees (g)	11,291			12,299			8,842			9,270			15,415			(8	)	%	(27	)	%
Occupancy (g)	20,719			20,693			22,053			20,002			22,503			*			(8	)	%
Computer software	15,001			15,139			14,656			15,693			15,123			(1	)	%	(1	)	%
Contract employment and outsourcing	3,078			3,371			4,248			4,314			5,907			(9	)	%	(48	)	%
Operations services	11,713			11,488			12,945			13,121			14,653			2		%	(20	)	%
Equipment rentals, depreciation, and maintenance	8,375			8,829			8,983			9,423			10,708			(5	)	%	(22	)	%
FDIC premium expense (h)	4,247			4,273			5,200			7,850			9,978			(1	)	%	(57	)	%
Advertising and public relations	5,574			7,242			7,718			8,365			5,070			(23	)	%	10		%
Communications and courier	7,380			6,453			7,256			7,014			7,530			14		%	(2	)	%
Amortization of intangible assets	6,206			6,216			6,461			6,460			6,460			*			(4	)	%
Other (d)	29,211			19,786			24,004			25,701			50,999			48		%	(43	)	%
Total noninterest expense	300,394			296,090			281,932			294,031			332,768			1		%	(10	)	%
Income before income taxes	148,209			130,463			124,854			358,641			105,689			14		%	40		%
Provision for income taxes (i)	34,467			27,058			24,049			83,925			19,697			27		%	75		%
Net income/(loss)	113,742			103,405			100,805			274,716			85,992			10		%	32		%
Net income attributable to noncontrolling interest	2,852			2,820			2,910			2,883			2,852			1		%	*
Net income/(loss) attributable to controlling interest	110,890			100,585			97,895			271,833			83,140			10		%	33		%
Preferred stock dividends	1,550			1,550			1,550			1,550			1,550			*			*
Net income/(loss) available to common shareholders	$	109,340		$	99,035		$	96,345		$	270,283		$	81,590		10		%	34		%
Common Stock Data
EPS (c)	$	0.35		$	0.31		$	0.30		$	0.83		$	0.25		13		%	40		%
Basic shares (thousands)	314,063			317,435			321,505			324,406			325,153			(1	)	%	(3	)	%
Diluted EPS (c)	$	0.35		$	0.31		$	0.30		$	0.83		$	0.25		13		%	40		%
Diluted shares (thousands)	315,786			319,581			323,885			327,252			328,426			(1	)	%	(4	)	%
Key Ratios & Other
Return on average assets (annualized) (c) (j)	1.11		%	1.03		%	0.99		%	2.72		%	0.86		%
Return on average common equity (“ROCE”) (annualized) (c) (j)	9.79		%	9.09		%	8.81		%	25.41		%	7.86		%
Return on average tangible common equity (“ROTCE”) (annualized) (c) (j) (k)	15.12		%	14.17		%	13.80		%	40.51		%	12.63		%
Fee income to total revenue (j)	34.22		%	32.38		%	26.72		%	30.81		%	29.08		%
Efficiency ratio (j)	65.08		%	67.99		%	68.30		%	66.55		%	75.90		%
Average full time equivalent employees	5,287			5,524			5,563			5,623			5,873

NM - Not meaningful

* Amount is less than one percent.

(a) 2Q19 and 3Q18 include $1.1 million and $3.8 million, respectively, of gains from the reversal of previous valuation adjustments due to the sales and payoff of TRUPS loans.

(b) 4Q18 includes an $8.7 million unfavorable adjustment related to the return of excess fees received on Capital Bank debit card transactions.

(c) 3Q18 includes a pre-tax gain of $212.9 million from the sale of Visa Class B Shares which impacts certain performance measures in 3Q18.

(d) Refer to the Other Income and Other Expense table on page 7 for additional information.

(e) 2Q19 and 1Q19 include severance-related costs associated with efficiency initiatives, refer to the Restructuring expense table on page 8 for additional information; 1Q19 and 4Q18 include $6.2 million and $(7.1) million, respectively, of deferred compensation expense.

(f) Expense reversals driven by the settlements/recoveries of certain repurchase claims.

(g) Refer to the Acquisition, Restructuring, and Rebranding expense tables on page 8 for additional information about variability in quarterly balances.

(h) 4Q18 decrease due to the end of the FDIC assessment surcharge.

(i) 3Q18 reflects the tax effect on the gain on the sale of Visa Class B Shares.

(j) See Glossary of Terms for definitions of Key Ratios.

(k) This non-GAAP measure is reconciled to ROCE (GAAP) in the Non-GAAP to GAAP reconciliation on page 22 of this financial supplement.

6

FHN OTHER INCOME AND OTHER EXPENSE

Quarterly, Unaudited

															2Q19 Changes vs.
(Thousands)	2Q19			1Q19			4Q18			3Q18			2Q18		1Q19			2Q18
Other Income
ATM and interchange fees	$	4,262		$	3,241		$	3,411		$	3,263		$	3,413	32		%	25		%
Dividend income	1,809			2,313			2,425			2,757			3,124		(22	)	%	(42	)	%
Electronic banking fees	1,267			1,271			1,393			1,309			1,228		*			3		%
Letter of credit fees	1,253			1,368			1,447			1,307			1,295		(8	)	%	(3	)	%
Mortgage banking	2,572			1,886			3,077			2,533			2,431		36		%	6		%
Deferred compensation (a)	1,938			5,474			(6,124		)	1,458			991		(65	)	%	96		%
Insurance commissions	566			624			467			396			476		(9	)	%	19		%
Other service charges	5,624			3,869			3,513			3,758			3,728		45		%	51		%
Gain/(loss) on extinguishment of debt	—			(1		)	(14		)	(1		)	—		NM			NM
Other (b)	6,376			4,586			2,658			5,009			2,188		39		%	NM
Total	$	25,667		$	24,631		$	12,253		$	21,789		$	18,874	4		%	36		%
Other Expense
Litigation and regulatory matters (c)	$	(8,230	)	$	13		$	35		$	(1,541	)	$	16	NM			NM
Tax credit investments	267			675			1,126			1,370			1,079		(60	)	%	(75	)	%
Travel and entertainment	2,906			2,712			4,340			3,988			5,131		7		%	(43	)	%
Employee training and dues	1,251			1,457			1,908			1,682			1,849		(14	)	%	(32	)	%
Customer relations	1,540			1,599			1,834			1,328			1,358		(4	)	%	13		%
Miscellaneous loan costs	857			1,027			1,012			543			1,035		(17	)	%	(17	)	%
Supplies	1,342			1,804			1,459			1,635			1,987		(26	)	%	(32	)	%
OREO	25			(366		)	456			1,256			810		NM			(97	)	%
Other insurance and taxes	2,495			2,694			1,506			2,761			2,752		(7	)	%	(9	)	%
Non-service components of net periodic pension and post retirement cost	559			432			1,632			1,585			1,530		29		%	(63	)	%
Other (d)	26,199			7,739			8,696			11,094			33,452		NM			(22	)	%
Total	$	29,211		$	19,786		$	24,004		$	25,701		$	50,999	48		%	(43	)	%

NM - Not meaningful

*Amount is less than one percent.

(a) Amounts driven by market conditions and are mirrored by changes in deferred compensation expense which is included in employee compensation expense.

(b) 4Q18 includes a $1.8 million negative valuation adjustment on HFS consumer loans included in the Non-Strategic segment; 3Q18 includes $.8 million of gains on the sales of buildings.

(c) 2Q19 includes an $8.3 million expense reversal related to the settlement of litigation matters within the Non-Strategic segment; 3Q18 includes a $1.6 million expense reversal related to a recovery of prior litigation losses within the Regional Banking segment.

(d) Refer to the Acquisition, Restructuring, and Rebranding expense tables on page 8 for additional information about variability in quarterly balances; 2Q18 includes $4.1 million of valuation adjustments associated with derivatives related to prior sales of Visa Class B shares.

7

ACQUISITION EXPENSE

Quarterly, Unaudited

												2Q19 Changes vs.
	2Q19		1Q19		4Q18			3Q18		2Q18		1Q19			2Q18
(Thousands)
Legal and professional fees (a)	$	4,478	$	1,867	$	3,122		$	4,593	$	8,991	NM			(50	)	%
Employee compensation, incentives, and benefits (b)	1,472		1,517		2,543			3,112		3,849		(3	)	%	(62	)	%
Occupancy (c)	1,505		118		2,885			115		2,229		NM			(32	)	%
Contract employment and outsourcing (d)	17		—		(20		)	599		1,703		NM			(99	)	%
Miscellaneous expense (e)	79		1,069		1,130			1,381		3,099		(93	)	%	(97	)	%
All other expense (f)	1,096		1,089		2,040			1,549		23,245		1		%	(95	)	%
Total acquisition expense	$	8,647	$	5,660	$	11,700		$	11,349	$	43,116	53		%	(80	)	%

NM - Not meaningful

(a) Primarily comprised of fees for legal, accounting, and merger consultants.

(b) Primarily comprised of fees for severance and retention.

(c) Primarily relates to fees associated with lease exit accruals.

(d) Primarily relates to fees for temporary assistance for merger and integration activities.

(e) Consists of fees for operations services, communications and courier, equipment rentals, deprecation and maintenance, supplies, travel and entertainment, computer software, and advertising and public relations.

(f) Primarily relates to contract termination charges, costs of shareholder matters and asset impairments related to integration, as well as other miscellaneous expenses.

RESTRUCTURING EXPENSE

Quarterly, Unaudited

					2Q19 Changes vs.
	2Q19		1Q19		1Q19
(Thousands)
Legal and professional fees	$	4,242	$	4,295	(1	)	%
Employee compensation, incentives, and benefits	2,557		6,505		(61	)	%
Occupancy	72		817		(91	)	%
All other expense (a)	11,797		535		NM
Total acquisition expense	$	18,668	$	12,152	54		%

NM - Not meaningful

(a) Primarily relates to costs associated with asset impairments.

REBRANDING EXPENSE

Quarterly, Unaudited

	2Q19
(Thousands)
Legal and professional fees	$	882
Advertising and public relations	423
Supplies	325
Miscellaneous expense	38
All other expense (a)	7,406
Total acquisition expense	$	9,074

(a) Primarily relates to costs associated with fixed asset impairments.

8

FHN CONSOLIDATED PERIOD-END BALANCE SHEET

Quarterly, Unaudited 

																2Q19 Changes vs.
(Thousands)	2Q19			1Q19			4Q18			3Q18			2Q18			1Q19			2Q18
Assets:
Investment securities	$	4,425,609		$	4,626,322		$	4,636,470		$	4,618,383		$	4,734,411		(4	)	%	(7	)	%
Loans held-for-sale (a)	447,106			594,662			679,149			725,651			692,659			(25	)	%	(35	)	%
Loans, net of unearned income	29,712,810			27,990,048			27,535,532			27,350,214			27,701,740			6		%	7		%
Federal funds sold	50,705			167,602			237,591			113,722			91,303			(70	)	%	(44	)	%
Securities purchased under agreements to resell	602,919			474,679			386,443			687,437			782,765			27		%	(23	)	%
Interest-bearing cash (b)	593,180			1,013,254			1,277,611			531,681			750,634			(41	)	%	(21	)	%
Trading securities	1,668,942			1,681,727			1,448,168			1,930,991			1,649,470			(1	)	%	1		%
Total earning assets	37,501,271			36,548,294			36,200,964			35,958,079			36,402,982			3		%	3		%
Cash and due from banks	596,081			570,589			781,291			642,051			602,952			4		%	(1	)	%
Fixed income receivables (c)	147,574			46,782			38,861			177,802			68,148			NM			NM
Goodwill	1,432,787			1,432,787			1,432,787			1,409,822			1,409,276			*			2		%
Other intangible assets, net	142,612			148,818			155,034			161,495			167,955			(4	)	%	(15	)	%
Premises and equipment, net	454,271			484,494			494,041			506,453			525,175			(6	)	%	(14	)	%
Other real estate owned ("OREO")	19,286			23,396			25,290			28,628			29,712			(18	)	%	(35	)	%
Allowance for loan losses	(192,749		)	(184,911		)	(180,424		)	(185,959		)	(185,462		)	4		%	4		%
Derivative assets	185,521			118,128			81,475			54,476			122,056			57		%	52		%
Other assets (d)	1,885,116			1,910,626			1,802,939			1,883,077			1,934,001			(1	)	%	(3	)	%
Total assets	$	42,171,770		$	41,099,003		$	40,832,258		$	40,635,924		$	41,076,795		3		%	3		%
Liabilities and Equity:
Deposits:
Consumer interest	$	13,705,969		$	13,707,310		$	13,327,104		$	12,800,892		$	12,780,195		*			7		%
Commercial interest	6,660,056			6,729,999			6,172,159			5,735,486			5,547,510			(1	)	%	20		%
Market-indexed (e)	3,855,545			4,062,531			5,042,412			4,445,826			4,412,272			(5	)	%	(13	)	%
Total interest-bearing deposits	24,221,570			24,499,840			24,541,675			22,982,204			22,739,977			(1	)	%	7		%
Noninterest-bearing deposits	8,086,748			7,963,048			8,141,317			8,025,881			8,237,890			2		%	(2	)	%
Total deposits	32,308,318			32,462,888			32,682,992			31,008,085			30,977,867			*			4		%
Federal funds purchased	666,007			339,360			256,567			437,474			351,655			96		%	89		%
Securities sold under agreements to repurchase	764,308			745,788			762,592			678,510			713,152			2		%	7		%
Trading liabilities	558,347			429,669			335,380			739,694			743,721			30		%	(25	)	%
Other short-term borrowings (f)	865,347			140,832			114,764			1,069,912			1,836,852			NM			(53	)	%
Term borrowings (g)	1,186,646			1,177,926			1,170,963			1,200,134			1,227,281			1		%	(3	)	%
Fixed income payables (c)	66,369			100,290			9,572			36,939			14,739			(34	)	%	NM
Derivative liabilities	88,485			107,123			133,713			170,324			135,349			(17	)	%	(35	)	%
Other liabilities (d)	741,862			748,606			580,335			552,921			526,430			(1	)	%	41		%
Total liabilities	37,245,689			36,252,482			36,046,878			35,893,993			36,527,046			3		%	2		%
Equity:
Common stock	195,299			197,101			199,108			202,464			203,127			(1	)	%	(4	)	%
Capital surplus	2,941,696			2,983,948			3,029,425			3,101,102			3,113,612			(1	)	%	(6	)	%
Undivided profits	1,660,520			1,595,568			1,542,408			1,484,959			1,254,069			4		%	32		%
Accumulated other comprehensive loss, net	(262,489		)	(321,151		)	(376,616		)	(437,649		)	(412,114		)	(18	)	%	(36	)	%
Preferred stock	95,624			95,624			95,624			95,624			95,624			*			*
Noncontrolling interest (h)	295,431			295,431			295,431			295,431			295,431			*			*
Total equity	4,926,081			4,846,521			4,785,380			4,741,931			4,549,749			2		%	8		%
Total liabilities and equity	$	42,171,770		$	41,099,003		$	40,832,258		$	40,635,924		$	41,076,795		3		%	3		%

NM - Not meaningful

*Amount is less than one percent.

(a) 2Q19 includes $369.1 million of SBA and USDA loans, $72.2 million of mortgage loans, and $5.8 million of other consumer loans.

(b) Includes excess balances held at Fed.

(c) Period-end balances fluctuate based on the level of pending unsettled trades.

(d) 1Q19 increase largely driven by the adoption of ASU 2016-02, "Leases" which resulted in approximately $180 million of lease assets and approximately $200 million of lease liabilities being added to the balance sheet.

(e) Market-indexed deposits are tied to an index not administered by FHN and are comprised of insured network deposits, correspondent banking deposits, and trust/sweep deposits.

(f) Balance fluctuates largely based on the level of FHLB borrowings as a result of loan demand and deposit levels.

(g) 4Q18 and 3Q18 decreases include the retirement of $35.1 million and $10.3 million, respectively, of TRUPS debt.

(h) Consists of preferred stock of subsidiaries.

9

FHN CONSOLIDATED AVERAGE BALANCE SHEET

Quarterly, Unaudited 

																2Q19 Changes vs.
(Thousands)	2Q19			1Q19			4Q18			3Q18			2Q18			1Q19			2Q18
Assets:
Earning assets:
Loans, net of unearned income:
Commercial, financial, and industrial (C&I)	$	17,952,866		$	16,428,088		$	15,952,608		$	16,038,920		$	15,958,162		9		%	12		%
Commercial real estate	3,910,466			3,959,592			4,170,186			4,226,580			4,198,275			(1	)	%	(7	)	%
Consumer real estate	6,109,805			6,194,147			6,274,799			6,199,910			6,217,618			(1	)	%	(2	)	%
Permanent mortgage	200,234			216,037			228,184			348,922			369,144			(7	)	%	(46	)	%
Credit card and other	498,790			515,436			528,866			532,890			555,588			(3	)	%	(10	)	%
Total loans, net of unearned income (a)	28,672,161			27,313,300			27,154,643			27,347,222			27,298,787			5		%	5		%
Loans held-for-sale (b)	606,685			670,401			714,388			727,508			727,212			(10	)	%	(17	)	%
Investment securities:
U.S. treasuries	99			99			98			98			98			*			1		%
U.S. government agencies	4,461,712			4,494,814			4,489,625			4,594,639			4,705,893			(1	)	%	(5	)	%
States and municipalities	41,911			33,400			27,573			14,332			1,621			25		%	NM
Corporate bonds	64,720			65,194			65,033			65,505			65,719			(1	)	%	(2	)	%
Other	14,609			10,249			11,421			7,307			4,114			43		%	NM
Total investment securities	4,583,051			4,603,756			4,593,750			4,681,881			4,777,445			*			(4	)	%
Trading securities	1,564,201			1,443,969			1,634,726			1,501,857			1,568,675			8		%	*
Other earning assets:
Federal funds sold	47,664			113,043			43,752			43,396			35,165			(58	)	%	36		%
Securities purchased under agreements to resell	593,412			428,687			609,891			764,743			728,785			38		%	(19	)	%
Interest-bearing cash (c)	648,927			1,717,696			1,073,540			486,280			447,461			(62	)	%	45		%
Total other earning assets	1,290,003			2,259,426			1,727,183			1,294,419			1,211,411			(43	)	%	6		%
Total earning assets	36,716,101			36,290,852			35,824,690			35,552,887			35,583,530			1		%	3		%
Allowance for loan losses	(188,243		)	(182,332		)	(186,978		)	(186,204		)	(187,253		)	3		%	1		%
Cash and due from banks	590,622			610,470			615,199			597,578			564,554			(3	)	%	5		%
Fixed income receivables	64,958			55,393			56,519			54,176			51,346			17		%	27		%
Premises and equipment, net	478,607			485,462			499,867			518,017			532,259			(1	)	%	(10	)	%
Derivative assets	83,050			55,288			38,449			31,322			99,212			50		%	(16	)	%
Other assets (d)	3,497,912			3,568,059			3,454,782			3,509,257			3,530,064			(2	)	%	(1	)	%
Total assets	$	41,243,007		$	40,883,192		$	40,302,528		$	40,077,033		$	40,173,712		1		%	3		%
Liabilities and equity:
Interest-bearing liabilities:
Interest-bearing deposits:
Consumer interest	$	13,597,195		$	13,390,692		$	12,965,734		$	12,663,181		$	12,581,023		2		%	8		%
Commercial interest	6,599,793			6,577,476			5,900,136			5,580,371			5,618,245			*			17		%
Market-indexed (e)	3,818,949			4,734,295			4,947,192			4,486,335			4,488,503			(19	)	%	(15	)	%
Total interest-bearing deposits	24,015,937			24,702,463			23,813,062			22,729,887			22,687,771			(3	)	%	6		%
Federal funds purchased	519,497			370,868			334,036			454,670			368,321			40		%	41		%
Securities sold under agreements to repurchase	691,490			688,765			710,898			720,716			667,689			*			4		%
Trading liabilities	548,653			375,169			543,696			702,026			666,092			46		%	(18	)	%
Other short-term borrowings (f)	650,387			114,474			244,413			861,865			1,399,580			NM			(54	)	%
Term borrowings	1,183,205			1,172,618			1,172,405			1,235,166			1,220,494			1		%	(3	)	%
Total interest-bearing liabilities	27,609,169			27,424,357			26,818,510			26,704,330			27,009,947			1		%	2		%
Noninterest-bearing deposits	7,947,607			7,795,015			8,034,692			8,117,349			8,003,901			2		%	(1	)	%
Fixed income payables	25,579			21,978			19,858			17,582			15,453			16		%	66		%
Derivative liabilities	61,715			94,943			147,075			114,211			103,130			(35	)	%	(40	)	%
Other liabilities (d)	729,776			737,664			551,695			512,259			488,735			(1	)	%	49		%
Total liabilities	36,373,846			36,073,957			35,571,830			35,465,731			35,621,166			1		%	2		%
Equity:
Common stock	196,319			198,460			201,006			202,852			203,381			(1	)	%	(3	)	%
Capital surplus	2,964,824			3,015,017			3,068,536			3,108,721			3,121,578			(2	)	%	(5	)	%
Undivided profits	1,629,474			1,572,177			1,510,503			1,323,826			1,240,809			4		%	31		%
Accumulated other comprehensive loss, net	(312,511		)	(367,474		)	(440,402		)	(415,152		)	(404,277		)	(15	)	%	23		%
Preferred stock	95,624			95,624			95,624			95,624			95,624			*			*
Noncontrolling interest (g)	295,431			295,431			295,431			295,431			295,431			*			*
Total equity	4,869,161			4,809,235			4,730,698			4,611,302			4,552,546			1		%	7		%
Total liabilities and equity	$	41,243,007		$	40,883,192		$	40,302,528		$	40,077,033		$	40,173,712		1		%	3		%

NM - Not meaningful

*Amount is less than one percent.

(a) Includes loans on nonaccrual status.

(b) 2Q19 includes $528.5 million of SBA and USDA loans, $72.2 million of mortgage loans, and $6.0 million of other consumer loans.

(c) Includes excess balances held at Fed.

(d) 1Q19 increase largely driven by the adoption of ASU 2016-02, "Leases" which resulted in approximately $180 million of lease assets and approximately $200 million of lease liabilities being added to the balance sheet.

(e) Market-indexed deposits are tied to an index not administered by FHN and are comprised of insured network deposits, correspondent banking deposits, and trust/sweep deposits.

(f) Balance fluctuates largely based on the level of FHLB borrowings as a result of loan demand and deposit levels.

(g) Consists of preferred stock of subsidiaries.

10

FHN CONSOLIDATED NET INTEREST INCOME (a)

Quarterly, Unaudited 

																2Q19 Changes vs.
(Thousands)	2Q19			1Q19			4Q18			3Q18			2Q18			1Q19			2Q18
Interest Income:
Loans, net of unearned income (b)	$	354,067		$	334,167		$	333,935		$	333,088		$	326,069		6		%	9		%
Loans held-for-sale (c)	8,128			9,877			11,759			9,977			11,228			(18	)	%	(28	)	%
Investment securities:
U.S. government agencies	29,075			30,107			30,744			31,106			31,692			(3	)	%	(8	)	%
States and municipalities	347			362			300			129			13			(4	)	%	NM
Corporate bonds	713			712			716			714			720			*			(1	)	%
Other	1,278			895			955			592			342			43		%	NM
Total investment securities	31,413			32,076			32,715			32,541			32,767			(2	)	%	(4	)	%
Trading securities	13,332			13,712			15,533			14,305			14,967			(3	)	%	(11	)	%
Other earning assets:
Federal funds sold	326			733			304			273			207			(56	)	%	57		%
Securities purchased under agreements to resell	3,301			2,336			3,197			3,510			2,944			41		%	12		%
Interest-bearing cash	3,689			10,209			5,884			2,257			1,950			(64	)	%	89		%
Total other earning assets	7,316			13,278			9,385			6,040			5,101			(45	)	%	43		%
Interest income	$	414,256		$	403,110		$	403,327		$	395,951		$	390,132		3		%	6		%
Interest Expense:
Interest-bearing deposits:
Consumer interest	$	25,666		$	24,641		$	21,607		$	17,968		$	14,153		4		%	81		%
Commercial interest	29,927			28,153			22,706			18,302			14,737			6		%	NM
Market-indexed (d)	23,409			29,416			29,366			22,820			19,859			(20	)	%	18		%
Total interest-bearing deposits	79,002			82,210			73,679			59,090			48,749			(4	)	%	62		%
Federal funds purchased	3,142			2,287			1,933			2,355			1,640			37		%	92		%
Securities sold under agreements to repurchase	3,580			3,496			3,329			2,780			1,997			2		%	79		%
Trading liabilities	3,756			2,816			4,320			5,125			4,790			33		%	(22	)	%
Other short-term borrowings	4,316			961			1,571			4,627			6,473			NM			(33	)	%
Term borrowings	14,683			14,337			13,842			13,992			13,230			2		%	11		%
Interest expense	108,479			106,107			98,674			87,969			76,879			2		%	41		%
Net interest income - tax equivalent basis	305,777			297,003			304,653			307,982			313,253			3		%	(2	)	%
Fully taxable equivalent adjustment	(2,167		)	(2,495		)	(2,141		)	(2,282		)	(2,321		)	13		%	7		%
Net interest income	$	303,610		$	294,508		$	302,512		$	305,700		$	310,932		3		%	(2	)	%

NM - Not meaningful

*Amount is less than one percent.

(a) Net interest income adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 21 percent and, where applicable, state income taxes.

(b) Includes interest on loans in nonaccrual status.

(c) 3Q18 decrease largely driven by the sale of approximately $120 million UPB of loans in 2Q18.

(d) Market-indexed deposits are tied to an index not administered by FHN and are comprised of insured network deposits, correspondent banking deposits, and trust/sweep deposits.

11

FHN CONSOLIDATED AVERAGE BALANCE SHEET: YIELDS AND RATES

Quarterly, Unaudited 

	2Q19		1Q19		4Q18		3Q18		2Q18
Assets:
Earning assets (a)
Loans, net of unearned income (b)
Commercial loans	5.05	%	5.08	%	5.00	%	4.95	%	4.88	%
Consumer loans	4.65		4.59		4.54		4.51		4.52
Total loans, net of unearned income (c)	4.95		4.96		4.88		4.84		4.79
Loans held-for-sale	5.36		5.89		6.58		5.49		6.18
Investment securities:
U.S. government agencies	2.61		2.68		2.74		2.71		2.69
States and municipalities	3.31		4.33		4.36		3.60		3.12
Corporate bonds	4.41		4.37		4.40		4.36		4.38
Other	34.73		34.56		33.16		31.97		32.48
Total investment securities	2.74		2.79		2.85		2.78		2.74
Trading securities	3.41		3.80		3.80		3.81		3.82
Other earning assets:
Federal funds sold	2.74		2.63		2.76		2.50		2.36
Securities purchased under agreements to resell	2.23		2.21		2.08		1.82		1.62
Interest-bearing cash	2.28		2.41		2.17		1.84		1.75
Total other earning assets	2.27		2.38		2.16		1.85		1.69
Interest income/total earning assets	4.52	%	4.49	%	4.47	%	4.43	%	4.39	%
Liabilities:
Interest-bearing liabilities:
Interest-bearing deposits:
Consumer interest	0.76	%	0.75	%	0.66	%	0.56	%	0.45	%
Commercial interest	1.82		1.74		1.53		1.30		1.05
Market-indexed (d)	2.46		2.52		2.35		2.02		1.77
Total interest-bearing deposits	1.32		1.35		1.23		1.03		0.86
Federal funds purchased	2.43		2.50		2.30		2.05		1.79
Securities sold under agreements to repurchase	2.08		2.06		1.86		1.53		1.20
Trading liabilities	2.75		3.04		3.15		2.90		2.88
Other short-term borrowings	2.66		3.40		2.55		2.13		1.86
Term borrowings (e)	4.96		4.89		4.72		4.53		4.34
Interest expense/total interest-bearing liabilities	1.58		1.57		1.46		1.31		1.14
Net interest spread	2.94	%	2.92	%	3.01	%	3.12	%	3.25	%
Effect of interest-free sources used to fund earning assets	0.40		0.39		0.37		0.32		0.28
Net interest margin	3.34	%	3.31	%	3.38	%	3.44	%	3.53	%
Total loan yield	4.95	%	4.96	%	4.88	%	4.84	%	4.79	%
Total deposit cost	0.99	%	1.03	%	0.92	%	0.76	%	0.64	%

Yields are adjusted to a FTE basis assuming a statutory federal income tax rate of 21 percent and, where applicable, state income taxes.

(a) Earning assets yields are expressed net of unearned income.

(b) Includes loan fees and cash basis interest income.

(c) Includes loans on nonaccrual status.

(d) Market-indexed deposits are tied to an index not administered by FHN and are comprised of insured network deposits, correspondent banking deposits, and trust/sweep deposits.

(e) Rates are expressed net of unamortized debenture cost for term borrowings.

12

FHN CAPITAL HIGHLIGHTS

Quarterly, Unaudited 

																2Q19 Changes vs.
(Dollars and shares in thousands)	2Q19			1Q19			4Q18			3Q18			2Q18			1Q19			2Q18
Common equity tier 1 capital (a) (b) (c)	$	3,270,483		$	3,239,249		$	3,223,702		$	3,252,825		$	3,002,958		1		%	9		%
Tier 1 capital (a) (b) (c)	3,620,025			3,583,577			3,565,373			3,589,565			3,338,179			1		%	8		%
Total capital (a) (c)	4,009,147			3,963,901			3,940,117			3,973,141			3,760,651			1		%	7		%
Risk-weighted assets (“RWA”) (a) (b)	35,349,600			33,656,950			33,002,595			33,041,617			33,437,145			5		%	6		%
Average assets for leverage (a) (b)	40,022,130			39,717,387			39,221,755			38,962,431			39,003,215			1		%	3		%
Common equity tier 1 ratio (a) (b) (c)	9.25		%	9.62		%	9.77		%	9.84		%	8.98		%
Tier 1 ratio (a) (b) (c)	10.24		%	10.65		%	10.80		%	10.86		%	9.98		%
Total capital ratio (a) (c)	11.34		%	11.78		%	11.94		%	12.02		%	11.25		%
Leverage ratio (a) (b)	9.05		%	9.02		%	9.09		%	9.21		%	8.56		%
Total equity to total assets (c)	11.68		%	11.79		%	11.72		%	11.67		%	11.08		%
Tangible common equity/tangible assets (“TCE/TA”) (c) (d)	7.29		%	7.27		%	7.15		%	7.12		%	6.54		%
Period-end shares outstanding (e)	312,478			315,361			318,573			323,943			325,003			(1	)	%	(4	)	%
Cash dividends declared per common share	$	0.14		$	0.14		$	0.12		$	0.12		$	0.12		*			17		%
Book value per common share (c)	$	14.51		$	14.13		$	13.79		$	13.43		$	12.80		3		%	13		%
Tangible book value per common share (c) (d)	$	9.47		$	9.11		$	8.81		$	8.58		$	7.94		4		%	19		%
Market capitalization (millions)	$	4,665.3		$	4,408.7		$	4,192.4		$	5,591.3		$	5,798.1		6		%	(20	)	%

Certain previously reported amounts have been reclassified to agree with current presentation.

* Amount is less than one percent.

(a) Current quarter is an estimate.

(b) See Glossary of Terms for definition.

(c) 3Q18 includes the effect of the pre-tax gain of $212.9 million from the sale of Visa Class B Shares.

(d) TCE/TA and Tangible book value per common share are non-GAAP measures and are reconciled to Total equity to total assets (GAAP) and to Book value per common share (GAAP), respectively, in the Non-GAAP to GAAP reconciliation on page 22 of this financial supplement.

(e) 2Q19, 1Q19, and 4Q18 decreases largely attributable to shares repurchased under share repurchase programs.

13

FHN BUSINESS SEGMENT HIGHLIGHTS

Quarterly, Unaudited 

																2Q19 Changes vs.
(Thousands)	2Q19			1Q19			4Q18			3Q18			2Q18			1Q19			2Q18
Regional Banking
Net interest income	$	297,328		$	285,913		$	298,288		$	301,099		$	305,935		4		%	(3	)	%
Noninterest income (a)	81,475			73,030			70,003			80,705			80,767			12		%	1		%
Total revenues	378,803			358,943			368,291			381,804			386,702			6		%	(2	)	%
Provision for loan losses	17,775			13,443			8,488			7,205			4,613			32		%	NM
Noninterest expense	193,268			199,468			206,001			207,549			210,038			(3	)	%	(8	)	%
Income before income taxes	167,760			146,032			153,802			167,050			172,051			15		%	(2	)	%
Provision for income taxes	39,504			33,860			36,077			39,195			40,424			17		%	(2	)	%
Net income	$	128,256		$	112,172		$	117,725		$	127,855		$	131,627		14		%	(3	)	%
Fixed Income
Net interest income	$	6,171		$	7,331		$	9,011		$	9,054		$	9,200		(16	)	%	(33	)	%
Noninterest income	65,622			53,807			39,678			41,124			38,363			22		%	71		%
Total revenues	71,793			61,138			48,689			50,178			47,563			17		%	51		%
Noninterest expense	55,770			50,774			46,516			46,561			46,933			10		%	19		%
Income before income taxes	16,023			10,364			2,173			3,617			630			55		%	NM
Provision/(benefit) for income taxes	3,781			2,397			408			719			(69		)	58		%	NM
Net income	$	12,242		$	7,967		$	1,765		$	2,898		$	699		54		%	NM
Corporate
Net interest income/(expense)	$	(7,000	)	$	(7,803	)	$	(15,356	)	$	(15,462	)	$	(17,177	)	10		%	59		%
Noninterest income (b)	9,400			13,352			(1,411		)	222,620			8,738			(30	)	%	8		%
Total revenues	2,400			5,549			(16,767		)	207,158			(8,439		)	(57	)	%	NM
Noninterest expense (c)	55,500			40,374			23,144			33,561			67,868			37		%	(18	)	%
Income/(loss) before income taxes	(53,100		)	(34,825		)	(39,911		)	173,597			(76,307		)	(52	)	%	30		%
Provision/ (benefit) for income taxes (d)	(13,150		)	(11,396		)	(14,608		)	40,458			(22,960		)	(15	)	%	43		%
Net income/(loss)	$	(39,950	)	$	(23,429	)	$	(25,303	)	$	133,139		$	(53,347	)	(71	)	%	25		%
Non-Strategic
Net interest income	$	7,111		$	9,067		$	10,569		$	11,009		$	12,974		(22	)	%	(45	)	%
Noninterest income (e)	1,496			856			2,004			4,523			(343		)	75		%	NM
Total revenues	8,607			9,923			12,573			15,532			12,631			(13	)	%	(32	)	%
Provision/(provision credit) for loan losses	(4,775		)	(4,443		)	(2,488		)	(5,205		)	(4,613		)	(7	)	%	(4	)	%
Noninterest expense (f)	(4,144		)	5,474			6,271			6,360			7,929			NM			NM
Income before income taxes	17,526			8,892			8,790			14,377			9,315			97		%	88		%
Provision for income taxes	4,332			2,197			2,172			3,553			2,302			97		%	88		%
Net income	$	13,194		$	6,695		$	6,618		$	10,824		$	7,013		97		%	88		%
Total Consolidated
Net interest income	$	303,610		$	294,508		$	302,512		$	305,700		$	310,932		3		%	(2	)	%
Noninterest income	157,993			141,045			110,274			348,972			127,525			12		%	24		%
Total revenues	461,603			435,553			412,786			654,672			438,457			6		%	5		%
Provision/(provision credit) for loan losses	13,000			9,000			6,000			2,000			—			44		%	NM
Noninterest expense	300,394			296,090			281,932			294,031			332,768			1		%	(10	)	%
Income before income taxes	148,209			130,463			124,854			358,641			105,689			14		%	40		%
Provision for income taxes	34,467			27,058			24,049			83,925			19,697			27		%	75		%
Net income	$	113,742		$	103,405		$	100,805		$	274,716		$	85,992		10		%	32		%

Certain previously reported amounts have been reclassified to agree with current presentation.

NM - Not meaningful

(a) 4Q18 includes an $8.7 million unfavorable adjustment related to the return of excess fees received on Capital Bank debit card transactions.

(b) 1Q19 includes higher deferred compensation income driven by equity market valuations; 4Q18 includes lower deferred compensation income driven by equity market valuations and a $1.8 million negative valuation adjustment on HFS consumer loans included in the Non-Strategic segment; 3Q18 includes a pre-tax gain of $212.9 million from the sale of Visa Class B Shares.

(c) Refer to the Acquisition, Restructuring, and Rebranding expense tables on page 8 for additional information about variability in quarterly balances; 2Q18 includes $4.1 million of valuation adjustments associated with derivatives related to prior sales of Visa Class B shares.

(d) 3Q18 reflects the tax effect on the gain on the sale of Visa Class B Shares.

(e) 2Q19 and 3Q18 include $1.1 million and $3.8 million, respectively, of gains from the reversal of previous valuation adjustments due to the sales and payoff of TRUPS loans.

(f) 2Q19 includes an $8.3 million expense reversal related to the settlement of litigation matters.

14

FHN REGIONAL BANKING

Quarterly, Unaudited 

												2Q19 Changes vs.
	2Q19		1Q19		4Q18			3Q18		2Q18		1Q19			2Q18
Income Statement (thousands)
Net interest income	$	297,328	$	285,913	$	298,288		$	301,099	$	305,935	4		%	(3	)	%
Provision for loan losses	17,775		13,443		8,488			7,205		4,613		32		%	NM
Noninterest income:
NSF / Overdraft fees (a)	12,347		11,579		14,128			13,583		12,663		7		%	(2	)	%
Cash management fees	8,026		8,857		9,073			9,237		9,193		(9	)	%	(13	)	%
Debit card income (b)	4,960		5,372		(3,142		)	7,811		8,395		(8	)	%	(41	)	%
Other	5,275		4,195		3,554			3,357		4,260		26		%	24		%
Total deposit transactions and cash management	30,608		30,003		23,613			33,988		34,511		2		%	(11	)	%
Brokerage, management fees and commissions	14,118		12,630		13,377			14,199		13,740		12		%	3		%
Trust services and investment management	7,902		7,056		6,961			7,453		8,147		12		%	(3	)	%
Bankcard income	6,594		7,039		7,738			7,866		7,202		(6	)	%	(8	)	%
Other service charges	5,460		3,711		3,255			3,447		3,557		47		%	54		%
Miscellaneous revenue	16,793		12,591		15,059			13,752		13,610		33		%	23		%
Total noninterest income	81,475		73,030		70,003			80,705		80,767		12		%	1		%
Noninterest expense:
Employee compensation, incentives, and benefits	76,752		81,796		82,304			81,140		81,836		(6	)	%	(6	)	%
Other (c)	116,516		117,672		123,697			126,409		128,202		(1	)	%	(9	)	%
Total noninterest expense	193,268		199,468		206,001			207,549		210,038		(3	)	%	(8	)	%
Income before income taxes	$	167,760	$	146,032	$	153,802		$	167,050	$	172,051	15		%	(2	)	%
PPNR (d)	185,535		159,475		162,290			174,255		176,664		16		%	5		%
Balance Sheet (millions)
Average loans	$	27,533	$	26,107	$	25,877		$	25,964	$	25,814	5		%	7		%
Average other earning assets	47		39		41			60		57		21		%	(18	)	%
Total average earning assets	27,580		26,146		25,918			26,024		25,871		5		%	7		%
Total average deposits	29,954		29,590		28,316			27,565		27,411		1		%	9		%
Total period-end deposits	30,272		30,354		29,344			27,726		27,840		*			9		%
Total period-end assets	31,376		29,544		29,126			28,739		28,965		6		%	8		%
Key Statistics
Return on average assets (quarters are annualized) (e)	1.70%		1.58%		1.64%			1.78%		1.86%
Return on allocated equity (e) (f)	17.38%		15.54%		15.86%			16.90%		17.36%
Fee income to total revenue (e)	21.51%		20.35%		19.01%			21.14%		20.89%
Efficiency ratio (e)	51.02%		55.57%		55.93%			54.36%		54.37%
Net interest margin (g)	4.35%		4.47%		4.60%			4.62%		4.78%
Net interest spread	3.99%		3.98%		4.04%			4.08%		4.15%
Loan average yield	4.88%		4.86%		4.78%			4.69%		4.65%
Deposit average rate	0.89%		0.88%		0.74%			0.61%		0.50%
Regional banking net charge-offs/(recoveries)	$	7,841	$	5,540	$	12,597		$	3,693	$	4,325	42		%	81		%
Financial center locations	292		292		292			292		292		*			*

Certain previously reported amounts have been reclassified to agree with current presentation.

NM - Not meaningful

* Amount is less than one percent

(a) Variability is driven by changes in consumer behavior and seasonality.

(b) 4Q18 includes an $8.7 million unfavorable adjustment related to the return of excess fees received on Capital Bank debit card transactions.

(c) 3Q18 includes a $1.6 million expense reversal related to a recovery of prior litigation losses.

(d) Pre-provision net revenue is not a GAAP number but is used in regulatory stress test reporting. The presentation of PPNR in this Financial Supplement follows the regulatory definition.

(e) See Glossary of Terms for definitions of Key Ratios.

(f) Segment equity is allocated based on an internal allocation methodology.

(g) Net interest margin is computed using total net interest income adjusted for FTE assuming a statutory federal income tax rate of 21 percent, and, where applicable, state income taxes.

15

FHN FIXED INCOME

Quarterly, Unaudited

																2Q19 Changes vs.
	2Q19			1Q19			4Q18			3Q18			2Q18			1Q19			2Q18
Income Statement (thousands)
Net interest income	$	6,171		$	7,331		$	9,011		$	9,054		$	9,200		(16	)	%	(33	)	%
Noninterest income:
Fixed income product revenue	54,533			44,472			30,028			34,268			29,940			23		%	82		%
Other	11,089			9,335			9,650			6,856			8,423			19		%	32		%
Total noninterest income	65,622			53,807			39,678			41,124			38,363			22		%	71		%
Noninterest expense	55,770			50,774			46,516			46,561			46,933			10		%	19		%
Income before income taxes	$	16,023		$	10,364		$	2,173		$	3,617		$	630		55		%	NM
Fixed income product average daily revenue	$	866		$	729		$	492		$	544		$	468		19		%	85		%
Balance Sheet (millions)
Average trading inventory	$	1,563		$	1,443		$	1,633		$	1,500		$	1,566		8		%	*
Average loans held-for-sale	528			571			608			617			539			(8	)	%	(2	)	%
Average other earning assets	670			491			675			826			797			36		%	(16	)	%
Total average earning assets	2,761			2,505			2,916			2,943			2,902			10		%	(5	)	%
Total period-end assets	3,233			3,094			2,789			3,742			3,460			4		%	(7	)	%
Key Statistics
Return on average assets (a)	1.57		%	1.13		%	0.22		%	0.35		%	0.09		%
Return on allocated equity (a) (b)	24.29		%	16.20		%	3.38		%	5.47		%	1.33		%
Efficiency ratio (a)	77.68		%	83.05		%	95.54		%	92.79		%	98.68		%
Net interest margin (c)	0.92		%	1.19		%	1.26		%	1.26		%	1.30		%

Certain previously reported amounts have been reclassified to agree with current presentation.

NM - Not meaningful

* Amount is less than one percent.

(a) See Glossary of Terms for definitions of Key Ratios.

(b) Segment equity is allocated based on an internal allocation methodology.

(c) Net interest margin is computed using total net interest income adjusted for FTE assuming a statutory federal income tax rate of 21 percent, and, where applicable, state income taxes.

FHN CORPORATE

Quarterly, Unaudited

																2Q19 Changes vs.
	2Q19			1Q19			4Q18			3Q18			2Q18			1Q19			2Q18
Income Statement (thousands)
Net interest income/(expense)	$	(7,000	)	$	(7,803	)	$	(15,356	)	$	(15,462	)	$	(17,177	)	10		%	59		%
Noninterest income excluding securities gains/(losses) (a)	9,351			13,321			(1,383		)	9,762			8,706			(30	)	%	7		%
Securities gains/(losses), net (b)	49			31			(28		)	212,858			32			57		%	52		%
Noninterest expense (c)	55,500			40,374			23,144			33,561			67,868			37		%	(18	)	%
Income/(loss) before income taxes	$	(53,100	)	$	(34,825	)	$	(39,911	)	$	173,597		$	(76,307	)	(52	)	%	30		%
Average Balance Sheet (millions)
Average investment securities	$	4,568		$	4,594		$	4,582		$	4,675		$	4,773		(1	)	%	(4	)	%
Total earning assets	$	5,295		$	6,463		$	5,732		$	5,213		$	5,254		(18	)	%	1		%
Deferred Compensation (thousands)
Other Income	$	1,938		$	5,474		$	(6,124	)	$	1,458		$	991		(65	)	%	96		%
Employee compensation, incentives, and benefits	$	2,150		$	6,221		$	(6,983	)	$	1,968		$	866		(65	)	%	NM

Estimated effective duration of securities portfolio 2.8 years in 2Q19 compared to 3.5 years in 1Q19

Certain previously reported amounts have been reclassified to agree with current presentation.

NM - Not Meaningful

(a) 1Q19 includes higher deferred compensation income driven by equity market valuations; 4Q18 includes lower deferred compensation income driven by equity market valuations and a $1.8 million negative valuation adjustment on HFS consumer loans included in the Non-Strategic segment; 3Q18 includes $.8 million of gains on the sales of buildings.

(b) 3Q18 includes a pre-tax gain of $212.9 million from the sale of Visa Class B Shares.

(c) Refer to the Acquisition, Restructuring, and Rebranding expense tables on page 8 for additional information about variability in quarterly balances; 2Q18 includes $4.1 million of valuation adjustments associated with derivatives related to prior sales of Visa Class B shares.

16

FHN NON-STRATEGIC

Quarterly, Unaudited

																2Q19 Changes vs.
	2Q19			1Q19			4Q18			3Q18			2Q18			1Q19			2Q18
Income Statement (thousands)
Net interest income	$	7,111		$	9,067		$	10,569		$	11,009		$	12,974		(22	)	%	(45	)	%
Provision/(provision credit) for loan losses	(4,775		)	(4,443		)	(2,488		)	(5,205		)	(4,613		)	(7	)	%	(4	)	%
Noninterest income (a)	1,496			856			2,004			4,523			(343		)	75		%	NM
Noninterest expense (b)	(4,144		)	5,474			6,271			6,360			7,929			NM			NM
Income before income taxes	$	17,526		$	8,892		$	8,790		$	14,377		$	9,315		97		%	88		%
Average Balance Sheet (millions)
Loans	$	1,011		$	1,087		$	1,161		$	1,272		$	1,385		(7	)	%	(27	)	%
Other assets	81			88			98			100			176			(8	)	%	(54	)	%
Total assets	1,092			1,175			1,259			1,372			1,561			(7	)	%	(30	)	%
Key Statistics
Return on average assets (c)	4.85		%	2.31		%	2.09		%	3.13		%	1.80		%
Return on allocated equity (c) (d)	63.74		%	25.49		%	22.06		%	28.23		%	17.27		%
Fee income to total revenue (c)	17.38		%	8.63		%	15.94		%	29.12		%	NM
Efficiency ratio (c)	NM			55.16		%	49.88		%	40.95		%	62.77		%
Net interest margin (e)	2.64		%	3.11		%	3.35		%	3.19		%	3.34		%
Net charge-offs/(recoveries)	$	(2,679	)	$	(1,027	)	$	(1,062	)	$	(2,190	)	$	(2,593	)	NM			(3	)	%

Certain previously reported amounts have been reclassified to agree with current presentation.

NM - Not meaningful

(a) 2Q19 and 3Q18 include $1.1 million and $3.8 million, respectively, of gains from the reversal of previous valuation adjustments due to the sales and payoff of TRUPS loans.

(b) 2Q19 includes an $8.3 million expense reversal related to the settlement of litigation matters.

(c) See Glossary of Terms for definitions of Key Ratios.

(d) Segment equity is allocated based on an internal allocation methodology.

(e) Net interest margin is computed using total net interest income adjusted for FTE assuming a statutory federal income tax rate of 21 percent, and, where applicable, state income taxes.

17

FHN ASSET QUALITY: CONSOLIDATED

Quarterly, Unaudited 

																					2Q19 Changes vs.
(Dollars in thousands)	2Q19				1Q19				4Q18				3Q18				2Q18				1Q19	2Q18
Allowance for Loan Losses Walk-Forward
Beginning reserve	$	184,911			$	180,424			$	185,959			$	185,462			$	187,194			2%	(1)%
Provision/(provision credit) for loan losses	13,000				9,000				6,000				2,000				—				NM	NM
Charge-offs	(12,223			)	(10,527			)	(17,824			)	(9,482			)	(10,008			)	(16)%	(22)%
Recoveries	7,061				6,014				6,289				7,979				8,276				17%	(15)%
Ending balance	$	192,749			$	184,911			$	180,424			$	185,959			$	185,462			4%	4%
Reserve for unfunded commitments	7,524				8,014				7,618				7,581				6,536				(6)%	15%
Total allowance for loan losses plus reserve for unfunded commitments	$	200,273			$	192,925			$	188,042			$	193,540			$	191,998			4%	4%
Allowance for Loan Losses (a)
Regional Banking	$	170,849			$	160,914			$	153,015			$	157,126			$	153,617			6%	11%
Non-Strategic	21,900				23,997				27,409				28,833				31,845				(9)%	(31)%
Total allowance for loan losses	$	192,749			$	184,911			$	180,424			$	185,959			$	185,462			4%	4%
Nonperforming Assets
Regional Banking
Nonperforming loans	$	145,265			$	115,977			$	79,339			$	76,145			$	50,856			25%	NM
OREO	13,251				16,698				18,535				20,571				22,095				(21)%	(40)%
Total Regional Banking	$	158,516			$	132,675			$	97,874			$	96,716			$	72,951			19%	NM
Non-Strategic
Nonperforming loans	$	57,654			$	63,960			$	66,703			$	68,485			$	72,190			(10)%	(20)%
Nonperforming loans held-for-sale after fair value adjustments	4,514				5,219				5,328				5,675				5,769				(14)%	(22)%
OREO	3,342				3,978				3,852				5,155				4,361				(16)%	(23)%
Total Non-Strategic	$	65,510			$	73,157			$	75,883			$	79,315			$	82,320			(10)%	(20)%
Corporate
Nonperforming loans	$	1,667			$	1,687			$	1,707			$	1,727			$	1,746			(1)%	(5)%
Total nonperforming assets	$	225,693			$	207,519			$	175,464			$	177,758			$	157,017			9%	44%
Net Charge-Offs
Regional Banking	$	7,841			$	5,540			$	12,597			$	3,693			$	4,325			42%	81%
Non-Strategic	(2,679			)	(1,027			)	(1,062			)	(2,190			)	(2,593			)	NM	(3)%
Total net charge-offs/(recoveries)	$	5,162			$	4,513			$	11,535			$	1,503			$	1,732			14%	NM
Consolidated Key Ratios (b)
30+ Delinq. % (c)	0.20		%		0.23		%		0.27		%		0.35		%		0.31		%
NPL % (d) (e)	0.69				0.65				0.54				0.54				0.45
NPA %	0.74				0.72				0.62				0.63				0.55
Net charge-offs % (f)	0.07				0.07				0.17				0.02				0.03
Allowance / loans %	0.65				0.66				0.66				0.68				0.67
Allowance / NPL	0.94		x		1.02		x		1.22		x		1.27		x		1.49		x
Allowance / NPA	0.87		x		0.91		x		1.06		x		1.08		x		1.23		x
Allowance / net charge-offs	9.31		x		10.10		x		3.94		x		31.20		x		26.70		x
Other
Loans past due 90 days or more and still accruing (g)	$	28,663			$	30,896			$	39,992			$	49,352			$	44,467			(7)%	(36)%
Guaranteed portion (g)	5,628				5,725				7,237				7,772				8,412				(2)%	(33)%
Period-end loans, net of unearned income (millions)	29,713				27,990				27,536				27,350				27,702				6%	7%
30+ delinquencies (thousands)	$	58,861			$	63,693			$	75,164			$	95,092			$	85,139			(8)%	(31)%

Certain previously reported amounts have been reclassified to agree with current presentation

NM - Not meaningful

(a) In 2Q19, the HBF portfolio was retrospectively reclassed through 2Q18 from the Regional Banking segment to the Non-Strategic segment.

(b) See Glossary of Terms for definitions of Consolidated Key Ratios.

(c) 30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.

(d) 3Q18 increase in NPLs as a percentage of total loans was driven by one large credit.

(e) 2Q19 increase in NPLs as a percentage of total loans was primarily driven by one credit.

(f) 4Q18 increase in charge-offs as a percentage of total loans was primarily driven by two credits.

(g) Includes loans held-for-sale.

18

FHN ASSET QUALITY: CONSOLIDATED

Quarterly, Unaudited 

																2Q19 Changes vs.
	2Q19			1Q19			4Q18			3Q18			2Q18			1Q19	2Q18
Key Portfolio Details
C&I
Period-end loans ($ millions)	$	19,054		$	17,176		$	16,515		$	16,044		$	16,439		11%	16%
30+ Delinq. % (a)	0.05		%	0.07		%	0.06		%	0.15		%	0.14		%
NPL % (b) (c) (d)	0.56			0.44			0.24			0.26			0.12
Charge-offs % (qtr. annualized) (e) (f)	0.14			0.06			0.20			0.01			0.06
Allowance / loans %	0.61		%	0.60		%	0.60		%	0.63		%	0.59		%
Allowance / net charge-offs	4.77		x	11.26		x	3.06		x	74.66		x	10.73		x
Commercial Real Estate
Period-end loans ($ millions)	$	3,861		$	3,947		$	4,031		$	4,237		$	4,136		(2)%	(7)%
30+ Delinq. % (a) (g)	0.07		%	0.04		%	0.06		%	0.20		%	0.06		%
NPL %	0.07			0.07			0.07			0.02			0.03
Charge-offs % (qtr. annualized)	0.02			0.04			0.05			NM			0.01
Allowance / loans %	0.85		%	0.87		%	0.78		%	0.80		%	0.82		%
Allowance / net charge-offs	39.25			22.50		x	15.45		x	NM			55.04		x
Consumer Real Estate
Period-end loans ($ millions)	$	6,110		$	6,152		$	6,250		$	6,301		$	6,328		(1)%	(3)%
30+ Delinq. % (a)	0.62		%	0.66		%	0.74		%	0.73		%	0.67		%
NPL %	1.25			1.34			1.32			1.27			1.25
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			NM
Allowance / loans %	0.37		%	0.39		%	0.42		%	0.46		%	0.54		%
Allowance / net charge-offs	NM			NM			NM			NM			NM
Permanent Mortgage
Period-end loans ($ millions)	$	193		$	209		$	222		$	237		$	250		(8)%	(23)%
30+ Delinq. % (a)	2.22		%	1.95		%	3.21		%	3.56		%	2.59		%
NPL %	9.28			10.01			9.76			9.41			9.76
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			NM
Allowance / loans %	4.49		%	4.82		%	4.95		%	4.68		%	4.68		%
Allowance / net charge-offs	NM			NM			NM			NM			NM
Credit Card and Other
Period-end loans ($ millions)	$	495		$	506		$	518		$	531		$	549		(2)%	(10)%
30+ Delinq. % (a)	1.06		%	1.20		%	1.63		%	1.64		%	1.80		%
NPL %	0.09			0.09			0.12			0.13			0.07
Charge-offs % (qtr. annualized)	2.17			2.44			3.32			3.32			2.61
Allowance / loans %	2.46		%	2.50		%	2.46		%	2.21		%	1.63		%
Allowance / net charge-offs	1.13		x	1.01		x	0.73		x	0.66		x	0.62		x

NM - Not meaningful

(a) 30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.

(b) 3Q18 increase in NPLs as a percentages of total loans was driven by one large credit.

(c) 1Q19 increase in NPLs as a percentages of total loans was primarily driven by three credits.

(d) 2Q19 increase in NPLs as a percentage of total loans was primarily driven by one credit.

(e) 4Q18 increase in charge-offs as a percentage of loans was primarily driven by two credits.

(f) 2Q19 increase in charge-offs as a percentage of total loans was primarily driven by one credit.

(g) 3Q18 increase in delinquencies primarily driven by two credits.

19

FHN ASSET QUALITY: REGIONAL BANKING

Quarterly, Unaudited 

																2Q19 Changes vs.
	2Q19			1Q19			4Q18			3Q18			2Q18			1Q19	2Q18
Total Regional Banking (a) (b)
Period-end loans ($ millions)	$	28,711		$	26,898		$	26,385		$	26,082		$	26,324		7%	9%
30+ Delinq. % (c)	0.15		%	0.17		%	0.19		%	0.26		%	0.23		%
NPL % (d) (e) (f)	0.51			0.43			0.30			0.29			0.19
Charge-offs % (qtr. annualized) (g) (h)	0.11			0.09			0.19			0.06			0.07
Allowance / loans %	0.60		%	0.60		%	0.58		%	0.60		%	0.58		%
Allowance / net charge-offs	5.43		x	7.16		x	3.06		x	10.73		x	8.86		x
Key Portfolio Details
C&I (b)
Period-end loans ($ millions)	$	18,710		$	16,812		$	16,149		$	15,671		$	16,015		11%	17%
30+ Delinq. % (c)	0.05		%	0.06		%	0.06		%	0.15		%	0.15		%
NPL % (d) (e) (f)	0.56			0.43			0.23			0.25			0.10
Charge-offs % (qtr. annualized) (g) (h)	0.14			0.06			0.21			0.01			0.06
Allowance / loans %	0.61		%	0.61		%	0.60		%	0.63		%	0.60		%
Allowance / net charge-offs	4.73		x	10.98		x	3.01		x	71.90		x	10.57
Commercial Real Estate (b)
Period-end loans ($ millions)	$	3,787		$	3,867		$	3,955		$	4,120		$	4,038		(2)%	(6)%
30+ Delinq. % (c) (i)	0.07		%	0.04		%	0.06		%	0.21		%	0.07		%
NPL %	0.07			0.07			0.08			0.02			0.04
Charge-offs % (qtr. annualized)	0.02			0.04			0.05			NM			0.02
Allowance / loans %	0.77		%	0.80		%	0.71		%	0.73		%	0.77		%
Allowance / net charge-offs	34.79			20.16			13.63			NM			50.39
Consumer Real Estate (b)
Period-end loans ($ millions)	$	5,773		$	5,780		$	5,845		$	5,859		$	5,839		*	(1)%
30+ Delinq. % (c)	0.50		%	0.52		%	0.58		%	0.56		%	0.51		%
NPL %	0.66			0.71			0.67			0.61			0.56
Charge-offs % (qtr. annualized)	NM			0.04			0.07			0.03			NM
Allowance / loans %	0.25		%	0.26		%	0.25		%	0.28		%	0.31		%
Allowance / net charge-offs	NM			6.17			3.38		x	10.63			NM
Credit Card, Permanent Mortgage, and Other (a)
Period-end loans ($ millions)	$	441		$	439		$	436		$	432		$	432		*	2%
30+ Delinq. % (c)	0.72		%	0.74		%	0.95		%	0.80		%	0.80		%
NPL %	0.06			0.08			0.09			0.08			0.11
Charge-offs % (qtr. annualized)	1.82			2.08			2.55			2.98			2.25
Allowance / loans %	2.76		%	2.87		%	2.90		%	2.64		%	2.08		%
Allowance / net charge-offs	1.52		x	1.38		x	1.13		x	0.90		x	0.93		x
ASSET QUALITY: CORPORATE
Permanent Mortgage
Period-end loans ($ millions)	$	35		$	38		$	39		$	42		$	44		(8)%	(20)%
30+ Delinq. % (c)	4.03		%	4.54		%	4.37		%	4.21		%	3.32		%
NPL %	4.79			4.49			4.35			4.12			3.94
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			NM
Allowance / loans %	NM			NM			NM			NM			NM
Allowance / net charge-offs	NM			NM			NM			NM			NM

Certain previously reported amounts have been reclassified to agree with current presentation.

NM - Not meaningful

* Amount is less than one percent.

(a) In 3Q18, the acquired CBF indirect auto portfolio was retrospectively reclassed through 4Q17 from the Regional Banking segment to the Non-Strategic segment.

(b) In 2Q19, the HBF portfolio was retrospectively reclassed through 2Q18 from the Regional Banking segment to the Non-Strategic segment.

(c) 30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.

(d) 3Q18 increase in NPLs as a percentages of total loans was driven by one large credit.

(e) 1Q19 increases in NPLs as a percentage of total loans was primarily driven by three credits.

(f) 2Q19 increase in NPLs as a percentage of total loans was primarily driven by one credit.

(g) 4Q18 increase in charge-offs as a percentage of loans was primarily driven by two credits.

(h) 2Q19 increase in charge-offs as a percentage of total loans was primarily driven by one credit.

(i) 3Q18 increase in delinquencies primarily driven by two credits.

20

FHN ASSET QUALITY: NON-STRATEGIC

Quarterly, Unaudited 

																2Q19 Changes vs.
	2Q19			1Q19			4Q18			3Q18			2Q18			1Q19	2Q18
Total Non-Strategic (a) (b)
Period-end loans ($ millions)	$	967		$	1,054		$	1,112		$	1,226		$	1,334		(8)%	(28)%
30+ Delinq. % (c)	1.42		%	1.63		%	2.15		%	2.08		%	1.82		%
NPL %	5.96			6.06			6.00			5.59			5.41
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			NM
Allowance / loans %	2.27		%	2.27		%	2.47		%	2.35		%	2.39		%
Allowance / net charge-offs	NM			NM			NM			NM			NM
Key Portfolio Details
Commercial (b)
Period-end loans ($ millions)	$	418		$	444		$	441		$	490		$	522		(6)%	(20)%
30+ Delinq. % (c)	—		%	0.38		%	0.39		%	—		%	—		%
NPL %	0.66			0.64			0.65			0.60			0.57
Charge-offs % (qtr. annualized)	0.02			NM			NM			NM			NM
Allowance / loans %	1.20		%	1.10		%	0.99		%	1.02		%	0.80		%
Allowance / net charge-offs	56.57			NM			NM			NM			NM
Consumer Real Estate (b)
Period-end loans ($ millions)	$	337		$	372		$	405		$	442		$	489		(9)%	(31)%
30+ Delinq. % (c)	2.60		%	2.77		%	3.07		%	3.06		%	2.63		%
NPL %	11.40			11.25			10.76			10.08			9.55
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			NM
Allowance / loans %	2.44		%	2.41		%	2.95		%	2.81		%	3.28		%
Allowance / net charge-offs	NM			NM			NM			NM			NM
Permanent Mortgage
Period-end loans ($ millions)	$	155		$	168		$	179		$	191		$	201		(8)%	(23)%
30+ Delinq. % (c)	1.67		%	1.14		%	2.87		%	3.31		%	2.28		%
NPL %	10.36			11.29			10.97			10.60			11.08
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			NM
Allowance / loans %	5.57		%	5.96		%	6.10		%	5.76		%	5.77		%
Allowance / net charge-offs	NM			NM			NM			NM			NM
Other Consumer (a)
Period-end loans ($ millions)	$	57		$	70		$	87		$	103		$	122		(19)%	(53)%
30+ Delinq. % (c)	4.21		%	4.61		%	5.35		%	5.47		%	5.63		%
NPL %	0.72			0.56			0.69			0.66			0.19
Charge-offs % (qtr. annualized)	4.41			4.35			6.77			4.47			3.71
Allowance / loans %	0.09		%	0.20		%	0.15		%	0.37		%	0.05		%
Allowance / net charge-offs	0.02		x	0.04		x	0.02		x	0.08			0.01

Certain previously reported amounts have been reclassified to agree with current presentation.

NM - Not meaningful

(a) In 3Q18, the acquired CBF indirect auto portfolio was retrospectively reclassed through 4Q17 from the Regional Banking segment to the Non-Strategic segment.

(b) In 2Q19, the HBF portfolio was retrospectively reclassed through 2Q18 from the Regional Banking segment to the Non-Strategic segment.

(c) 30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.

21

FHN NON-GAAP TO GAAP RECONCILIATION

Quarterly, Unaudited

(Dollars and shares in thousands, except per share data)	2Q19			1Q19			4Q18			3Q18			2Q18
Tangible Common Equity (Non-GAAP)
(A) Total equity (GAAP)	$	4,926,081		$	4,846,521		$	4,785,380		$	4,741,931		$	4,549,749
Less: Noncontrolling interest (a)	295,431			295,431			295,431			295,431			295,431
Less: Preferred stock (a)	95,624			95,624			95,624			95,624			95,624
(B) Total common equity	$	4,535,026		$	4,455,466		$	4,394,325		$	4,350,876		$	4,158,694
Less: Intangible assets (GAAP) (b)	1,575,399			1,581,605			1,587,821			1,571,317			1,577,231
(C) Tangible common equity (Non-GAAP)	$	2,959,627		$	2,873,861		$	2,806,504		$	2,779,559		$	2,581,463
Tangible Assets (Non-GAAP)
(D) Total assets (GAAP)	$	42,171,770		$	41,099,003		$	40,832,258		$	40,635,924		$	41,076,795
Less: Intangible assets (GAAP) (b)	1,575,399			1,581,605			1,587,821			1,571,317			1,577,231
(E) Tangible assets (Non-GAAP)	$	40,596,371		$	39,517,398		$	39,244,437		$	39,064,607		$	39,499,564
Average Tangible Common Equity (Non-GAAP)
(F) Average total equity (GAAP)	$	4,869,161		$	4,809,235		$	4,730,698		$	4,611,302		$	4,552,546
Less: Average noncontrolling interest (a)	295,431			295,431			295,431			295,431			295,431
Less: Average preferred stock (a)	95,624			95,624			95,624			95,624			95,624
(G) Total average common equity	$	4,478,106		$	4,418,180		$	4,339,643		$	4,220,247		$	4,161,491
Less: Average intangible assets (GAAP) (b)	1,578,505			1,584,694			1,569,533			1,572,886			1,569,449
(H) Average tangible common equity (Non-GAAP)	$	2,899,601		$	2,833,486		$	2,770,110		$	2,647,361		$	2,592,042
Annualized Net Income/(loss) Available to Common Shareholders
(I) Net income /(loss) available to common shareholders (annualized) (GAAP)	$	438,562		$	401,642		$	382,238		$	1,072,318		$	327,257
Period-end Shares Outstanding
(J) Period-end shares outstanding	312,478			315,361			318,573			323,943			325,003
Ratios
(I)/(G) Return on average common equity (“ROCE”) (GAAP)	9.79		%	9.09		%	8.81		%	25.41		%	7.86		%
(I)/(H) Return on average tangible common equity (“ROTCE”) (Non-GAAP)	15.12		%	14.17		%	13.80		%	40.51		%	12.63		%
(A)/(D) Total equity to total assets (GAAP)	11.68		%	11.79		%	11.72		%	11.67		%	11.08		%
(C)/(E) Tangible common equity to tangible assets (“TCE/TA”) (Non-GAAP)	7.29		%	7.27		%	7.15		%	7.12		%	6.54		%
(B)/(J) Book value per common share (GAAP)	$	14.51		$	14.13		$	13.79		$	13.43		$	12.80
(C)/(J) Tangible book value per common share (Non-GAAP)	$	9.47		$	9.11		$	8.81		$	8.58		$	7.94

(a) Included in Total equity on the Consolidated Balance Sheet.

(b) Includes goodwill and other intangible assets, net of amortization.

22

FHN GLOSSARY OF TERMS

Average Assets for Leverage: The amount of assets a company uses to calculate the leverage ratio, which includes average total assets less disallowed portions of goodwill, other intangibles, and deferred tax assets, as well as certain other regulatory adjustments made to tier 1 capital.

Common Equity Tier 1 Ratio: Ratio consisting of common equity adjusted for certain unrealized gains/(losses) on available-for-sale securities, less disallowed portions of goodwill, other intangibles, and deferred tax assets as well as certain other regulatory deductions divided by risk-weighted assets.

Core Businesses: Management considers regional banking, fixed income, and corporate as FHN’s core businesses. Non-strategic has legacy assets and operations that are being wound down.

Fully Taxable Equivalent (“FTE”): Reflects the amount of tax-exempt income adjusted to a level that would yield the same after-tax income had that income been subject to taxation.

Market-Indexed Deposits: Deposits with pricing tied to an index not administered by FHN. For FHN these are comprised of insured network deposits, correspondent banking deposits, and trust/sweep deposits.

Risk-Weighted Assets: A regulatory risk-based calculation that takes into account the broad differences in risks among a banking organization’s assets and off-balance sheet financial instruments.

Tier 1 Capital Ratio: Ratio consisting of shareholders’ equity adjusted for certain unrealized gains/(losses) on available-for-sale securities, plus qualifying portions of noncontrolling interests, less disallowed portions of goodwill, other intangible assets, and deferred tax assets as well as certain other regulatory deductions divided by risk-weighted assets.

Key Ratios

Return on Average Assets: Ratio is annualized net income to average total assets.

Return on Average Common Equity: Ratio is annualized net income available to common shareholders to average common equity.

Return on Average Tangible Common Equity: Ratio is annualized net income available to common shareholders to average tangible common equity.

Fee Income to Total Revenue: Ratio is fee income excluding securities gains/(losses) to total revenue excluding securities gains/(losses).

Efficiency Ratio: Ratio is noninterest expense to total revenue excluding securities gains/(losses).

Leverage Ratio: Ratio is tier 1 capital to average assets for leverage.

Asset Quality - Consolidated Key Ratios

NPL %: Ratio is nonperforming loans in the loan portfolio to total period-end loans.

NPA %: Ratio is nonperforming assets related to the loan portfolio to total period-end loans plus foreclosed real estate and other assets.

Net charge-offs %: Ratio is annualized net charge-offs to total average loans.

Allowance / loans: Ratio is allowance for loan losses to total period-end loans.

Allowance / NPL: Ratio is allowance for loan losses to nonperforming loans in the loan portfolio.

Allowance / NPA: Ratio is allowance for loan losses to nonperforming assets related to the loan portfolio.

Allowance / charge-offs: Ratio is allowance for loan losses to annualized net charge-offs.

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