First Horizon National Corporation Second Quarter 2019 Earnings July 16, 2019

Portions of this presentation use non-GAAP financial information. Each of those portions is so noted, and a reconciliation of that non-GAAP information to comparable GAAP information is provided in a footnote or in the appendix at the end of this presentation. Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. This presentation also includes certain non-GAAP financial measures related to “tangible common equity” and certain financial measures excluding notable items, including merger-related charges. Notable items include certain revenue or expense items that may occur in a reporting period which management does not consider indicative of ongoing financial performance. Management believes it is useful for the investment community to consider financial metrics with and without notable items in order to enable a better understanding of company results, facilitate comparability of period-to-period financial results, and to evaluate and forecast those results. Although FHN has procedures in place to ensure that these measures are calculated using the appropriate GAAP or regulatory components, they have limitations as analytical tools and should not be considered in isolation, or as a substitute for analysis of results under GAAP. For more information on these calculations and to view the reconciliations to the most comparable GAAP measures, please refer to the appendix of this presentation. This presentation contains forward-looking statements, which may include guidance, involving significant risks and uncertainties which will be identified by words such as “believe”,“expect”,“anticipate”,“intend”,“estimate”, “should”,“is likely”,“will”,“going forward” and other expressions that indicate future events and trends and may be followed by or reference cautionary statements. A number of factors could cause actual results to differ materially from those in the forward-looking statements. These factors are outlined in our recent earnings and other press releases and in more detail in the most current 10-Q and 10-K. 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. 2

2Q19 Highlights Delivering Significant Earnings and Balance Sheet Growth Momentum Earnings Reported/Adjusted1 EPS up 13% & 20% LQ, respectively Growth (All comparisons are 2Q19 vs 1Q19) 2Q19 EPS $0.35 +13% Reported ROTCE1/ROA Adjusted EPS1 $0.42 +20% Strong at 15.1% and 1.11% Returns Adjusted1 ROTCE1/ROA Revenue $462mm +6% at 18.2% and 1.32% ROTCE1 15.1% +95bps Adjusted ROTCE1 18.2% +206bps Significant Revenue growth of 6% on expense Operating growth of 1% LQ; adjusted Efficiency Ratio 65.1% -290bps expenses1 down 2% LQ Leverage Adj. Efficiency Ratio1 59.0% -489bps Avg. Total Loans $28.7B +5% Balance Loans up 5% LQ Avg. Total Deposits $32.0B -2% Sheet Regional bank deposits up 1% LQ Growth LQ – Linked Quarter. All comparisons are 2Q19 vs 1Q19, unless otherwise noted. All Deposit and Loan growth metrics are calculated with average balances, unless otherwise noted. 1Adjusted EPS, ROTCE, Adjusted ROTCE, Adjusted ROA, Adjusted Expenses, and Adjusted Efficiency Ratio are Non-GAAP numbers that are reconciled in the appendix. Adjusted numbers exclude notable 3 items as outlined in the appendix.

Delivering on Key Strategic Priorities Dominate Tennessee • TN average loan and deposit growth of 1% LQ • Middle TN produced 2% average growth in loans and deposits LQ Profitably Grow Key Markets & Specialty Areas • Specialty average loan growth of 14% LQ • Average deposits grew 2% LQ in key markets and 3% in specialty areas Optimize The Expense Base • Targeting $50mm+ in cost saves for full year 2019 with ~$20mm of total reinvestment • Actions taken in 1H19 to achieve $36mm of efficiencies with $6mm of reinvestment Deploy Capital Effectively • Tangible book value growth of 4% LQ • Total payout ratio at 86% ￮ Share buybacks of $50mm at average price of $14.30 in 2Q19 ￮ Quarterly dividend declared of $0.14 per common share; 41% dividend payout All comparisons are 2Q19 vs 1Q19, unless otherwise noted. All Deposit and Loan growth metrics are calculated with average balances, unless otherwise noted. LQ – Linked Quarter. 4

FINANCIAL RESULTS 5

Financial Results 1 Actual Adjusted¹ • EPS up 13% LQ, up 20% on adjusted basis 2Q19 1Q19 2Q19 1Q19 LQ % LQ % • Strong quarterly average loan and core Actual Actual Adjusted¹ Adjusted¹ $ in millions except per share data Change Change customer deposit growth Net Interest Income $304 $295 +3% $304 $295 +3% ￮ Regional Bank average loans up 5% LQ Fee Income $158 $141 +12% $158 $141 +12% ￮ Regional Bank average deposits up 1% LQ Total Revenue $462 $436 +6% $462 $436 +6% • Total revenue up 6% LQ Expense $300 $296 +1% $272 $278 -2% Loan Loss Provision $13 $9 +44% $13 $9 +44% ￮ Strong fee income increase driven by Pre-Tax Income $148 $130 +14% $176 $148 +19% higher revenues in Fixed Income; $866k 2 ADR, up 19% LQ and up 85% YOY NIAC $109 $99 +10% $132 $113 +17% EPS $0.35 $0.31 +13% $0.42 $0.35 +20% ￮ Regional Bank fees up 12% LQ with solid growth in nearly all products and services Avg Loans ($B) $28.7 $27.3 +5% $28.7 $27.3 +5% Avg Deposits ($B) $32.0 $32.5 -2% $32.0 $32.5 -2% ￮ NII up LQ on increased commercial loan growth and higher accretion 2Q19 NIAC2 & EPS Reconciliation • Overall expenses relatively flat, adjusted Amount Amount Per Share Pre-tax After-tax EPS Impact expenses down $6mm LQ $ in millions except per share data 2Q19 Adjusted1 $176 $132 $0.42 ￮ Regional Bank efficiency ratio at 51% Notable Items: ￮ LQ increase in Fixed Income variable Restructuring ($19) ($15) ($0.05) Rebranding ($9) ($7) ($0.02) compensation of ~$5mm Acquisition Related Items ($9) ($7) ($0.02) • Loan loss provision at $13mm; net charge- Litigation Expense Reversal $8 $7 +$0.02 offs stable at $5mm 2Q19 Reported $148 $109 $0.35 LQ – Linked Quarter. YOY – Year Over Year. Numbers may not add to total due to rounding. 1Adjusted Expense, Pre-Tax Income, NIAC, and EPS are Non-GAAP numbers and are reconciled in the appendix. Adjusted numbers exclude notable items as outlined in the appendix. EPS and Adjusted EPS calculated using 6 315.8mm shares. 2Net Income Available to Common (NIAC) includes the impact from $3mm of noncontrolling interest and $1.6mm of preferred stock dividends.

Successful Execution of Strategic Priorities Driving EPS Growth • Successful execution of strategic priorities driving Reported EPS Growth Linked-Quarter earnings growth: +$0.07 ￮ Balance sheet growth in key markets and specialty areas $0.35 -$0.03 ￮ Higher fees in Regional Bank & Fixed Income $0.31 ￮ Optimizing expenses to support strategic $0.25 investments 1Q19 Earnings Increase in 2Q19 Reported Drivers Notable Reported ￮ Capital deployment with share buybacks EPS Items EPS Adjusted EPS1 Growth Linked-Quarter Earnings Drivers +$0.02 +$0.05 $0.42 -$0.01 -$0.02 +$0.03 $0.35 $0.30 1Q19 Net Fee Adjusted Provision Tax Rate² 2Q19 Adjusted Interest Income Non-Interest Adjusted EPS¹ Income Expense² EPS¹ 1Adjusted EPS is a Non-GAAP number and is reconciled in the appendix. Adjusted numbers exclude notable items as outlined in the appendix. 2The change in Adjusted Non-Interest Expense per Share is a Non-GAAP metric that is reconciled in the appendix. Please refer to the appendix for the calculation of the change in Tax Rate. 7

Total Loan Growth Accelerated in 2Q19 Specialty Areas and Key Markets Drive Growth • Momentum driven by capturing growth opportunities in key markets after Capital Bank conversion • Total average loan growth of 5% from 2Q18 to 2Q19 ￮ Specialty areas loan growth of 13% YOY ￮ Key markets loan growth of 5% YOY ￮ Includes ~$400mm decrease in non-strategic portfolio Total Average Loans Consolidated Loans - Left Axis Non-strategic Loans - Right Axis $29.0B $2.5B $28.7B ) N . o g v $28.5B $2.0B n a - ( s t s r a n t a $1.4B e o $28.0B $1.3B $1.5B g L $1.2B i $1.1B c d $1.0B L e t o a $27.5B $27.3B $27.3B $27.3B $1.0B a d n i l $27.2B s o ( s a n $27.0B $0.5B v o g . C ) $26.5B $0.0B 2Q18 3Q18 4Q18 1Q19 2Q19 YOY – Year Over Year. Specialty areas include Commercial Real Estate, Asset-based Lending, Loans to Mortgage Companies, Corporate, Franchise Finance, Healthcare, Correspondent, and Energy. Key Markets includes Mid-Atlantic, Middle Tennessee, South Florida, and Texas 8

Loan Growth Reflects Strategic Focus Broad-Based Loan & Deposit Growth with Strength in Specialty Areas • Strategic priority on enhancing full banking relationships with specialty customers • Specialty businesses delivered 14% average loan growth with all areas up LQ ￮ Loans to mortgage companies grew 69% LQ ￮ Specialty areas excluding loans to mortgage companies (LMC) up 3% LQ • Key markets growth from Middle TN and Texas Diversified Specialty Loan Portfolio Focus On Strategic Priorities Leads to LQ Loan Growth 2Q19 LQ Avg. Bal. Growth % Commercial Real Estate $3.0B 1% Loans to Mortgage Companies $3.0B 69% Asset-based Lending $2.1B 1% Corporate $1.0B 0% Healthcare $0.9B 4% Franchise Finance $0.8B 6% Energy $0.4B 27% Correspondent $0.4B 12% Total Specialty $11.4B 14% LQ – Linked Quarter. Numbers may not add to total due to rounding. Specialty areas include Commercial Real Estate, Asset-based Lending, Loans to Mortgage Companies, Corporate, Franchise Finance, Healthcare, Correspondent, and Energy. Key Markets includes Mid-Atlantic, Middle Tennessee, South Florida, and Texas 9

Continued Deposit Momentum in 2Q19 Targeted Deposit Growth in Key Markets and Specialty Areas Achieved • Strategic focus on TN and key markets resulted Positive Shift in Deposit Funding Mix in solid deposit growth $32.5B $32.0B ￮ Emphasis in key markets produced LQ $30.7B $4.7B $3.8B Market- -19% $4.5B average growth of 3% in South Florida, 2% in indexed LQ $6.6B Middle TN and 1% in Mid-Atlantic $5.6B $6.6B Commercial • Increased emphasis on gathering specialty interest $12.6B $13.4B $13.6B +1% deposits produced 3% LQ growth Consumer LQ interest ￮ Loans to mortgage companies’ deposits $8.0B $7.8B $7.9B increased ~$70mm Non-interest 2Q18 1Q19 2Q19 Regional Banking LQ Deposit Growth Key Market LQ Deposit Growth Highlights Specialty 3% South FL 3% Key Markets 2% Middle TN 2% TN¹ Mid-Atl. 1% LQ – Linked Quarter. Specialty areas include Commercial Real Estate, Asset-based Lending, Loans to Mortgage Companies, Corporate, Franchise Finance, Healthcare, Correspondent, and Energy. Key Markets includes Mid-Atlantic, Middle Tennessee, South Florida, and Texas. 1TN deposit growth represents less than 1%. 10

Balance Sheet Management Enhances NIM & NII • Continued success in customer deposit NII and NIM Linked-Quarter Change Drivers growth to reduce reliance on wholesale ($ in millions) NII NIM funding 1Q19 - Reported $294.5 3.31% ￮ Total deposit rate paid declined 4bps LQ Less: 1Q19 CBF Loan Accretion -$9.5 -11bps 1 ￮ Market-indexed average deposits declined 1Q19 - Core $285.0 3.20% 19% LQ Lower Interest Bearing Cash $ - +10bps Deposit Mix Shift +$0.8 +1bp • Countercyclical businesses of fixed income and loans to mortgage companies provide Days +$2.4 - offsets in a declining rate environment Cash Basis +$0.2 - Loan Fees -$1.6 -2bps Net Interest Income Sensitivity Impact2 Lower LIBOR -$2.0 -2bps 1% +0.8% +$10mm Loan Growth/Spreads +$8.4 -3bps 0% -0.9% Other Earning Assets -$1.7 -4bps -1% -$11mm (Trading Inventory) -2% Other -$0.1 -1bp -3.0% 1 -3% -$37mm 2Q19 - Core $291.3 3.20% Plus: 2Q19 CBF Loan Accretion +$12.3 +13bps -4% -50bps -25bps +25bps 2Q19 - Reported $303.6 3.34% LQ – Linked Quarter. Numbers may not add to total due to rounding. 1Core excludes the accretion from CBF’s loans, and is a Non-GAAP number reconciled in the table found on this slide. The average earning assets impact from CBF’s loan accretion was $103mm in 2Q19 and $123mm in 1Q19. 2NII sensitivity analysis uses FHN’s balance sheet as of 6.30.19. Bps impact assumes increase (decrease) in Fed Funds rate. During the past few years, the movement of short-term interest rates higher after a prolonged period of very low interest rates has had an overall positive effect on FHN's NII and NIM. Recently however, competitive pressures have caused FHN’s deposit costs to rise faster than the long-term 11 “through the cycle” assumptions made in its simulation model.

Strong Quarter for Fixed Income Complementary and Countercyclical Business Demonstrated in 2Q19 • Decline in interest rates and rate outlook favorably impacted 2Q19 activity • Fixed income product ADR of $866k up 19% LQ, 85% YOY with growth across multiple trading desks • Other product revenue in Fixed Income up 19% LQ and 32% YOY • EPS contribution1 of $0.06 YTD and $0.04 in 2Q19 • Pre-tax income increased from higher revenues in addition to the benefit of lower fixed expenses Fixed Income Revenue and Expense Trends Key Drivers of Average Daily Revenue $80mm $900k Lower Higher Key Driver $75mm Revenue Revenue $72mm $800k $70mm $700k $65mm Up Direction of rates Down $61mm $60mm $600k Low Market Volatility Moderate $55mm $50mm $500k $50mm $49mm $48mm Flatter Shape of Yield Curve Steeper $56mm $400k $45mm $51mm $47mm $47mm $47mm State of Economy & $40mm $300k Positive Negative 2Q18 3Q18 4Q18 1Q19 2Q19 Outlook Expense Revenue ADR (Right Axis) LQ – Linked Quarter. YOY – Year Over Year. 1EPS contribution was calculated using the Fixed Income Segment’s net income divided by diluted weighted avg. shares for the respective periods. Diluted weighted avg. shares were 317.7mm YTD and 12 315.8mm QTD for 2Q19.

Improving Efficiency While Investing for Growth Efficiency Actions Support Investment and Customer Experience Transformation • Efficiency actions to position us for challenging rate environment, and provide capacity to reinvest savings strategically ￮ Announced 22 branch closures, improved processes, and streamlined operations ￮ Sustainable structural cost savings in 1H19 provide ongoing expense benefit ￮ Reduced discretionary spending and opportunistic savings added to YTD cost saves ￮ Continued investments in strategic hires in key markets and customer-facing technology • Targeting $50mm+ in cost saves for full year 2019 with ~$20mm of total reinvestment • Actions taken in 1H19 to achieve $36mm of efficiencies with $6mm of reinvestment Continued Decline in Non-Interest Expense ($ in millions) $333 Reported $300 Adjusted¹ $294 $296 $285 $283 $282 $278 $270 $272 $250 2Q18 3Q18 4Q18 1Q19 2Q19 Numbers may not add to total due to rounding. 1Adjusted Expense are Non-GAAP numbers and are reconciled in the appendix. Adjusted numbers exclude notable items as outlined in the appendix. 13

Asset Quality • In 2Q19, net charge-off (NCO) ratio1 at 7bps Asset Quality Highlights ￮ $4mm in charge-offs driven by one commercial credit in loans to mortgage ($ in millions) 2Q18 3Q18 4Q18 1Q19 2Q19 companies portfolio Charge-offs ($10) ($9) ($18) ($11) ($12) ￮ 30-day delinquencies down 8% LQ Recoveries $8 $8 $6 $6 $7 ￮ NPLs at 69bps, up 4bps LQ, increase Net Charge-offs $2 $2 $12 $5 $5 largely due to one commercial credit in Provision/(Credit) $0 $2 $6 $9 $13 loans to mortgage companies portfolio • CBF credit performance as expected Allowance for Loan Losses • Allowance to loans ratio remains steady at $30B 65bps $28B $27B $28B $28B 67bps 68bps 66bps 66bps 65bps 2Q18 3Q18 4Q18 1Q19 2Q19 Period-end Loans ALLL to Loans Ratio LQ – Linked Quarter. Numbers may not add to total due to rounding. 1Net charge-off % is annualized and as % of average loans. 14

Balance Sheet Evolution Yields Lower Risk Model • Commercial loan portfolio shifting to higher quality, Positive Commercial Credit Grade Migration with 42% of commercial loans qualifying as ($ are Total Ending Balance) $23B investment grade equivalent 3% PD 1-5 • High quality consumer portfolio with no subprime High Pass and minimal exposure to high risk consumer lending; FICO scores strong at 758 PD 6-9 Medium Pass • Stronger capital resiliency in the severely adverse $9B 2018 DFAST scenario vs peers1 PD 10-12 32% Low Pass ￮ FHN CET1 decline 90bps vs 440bps for peers 42% PD 13-16 Significantly lower stressed loss rates, severely ￮ Non Pass 9% adverse NCOs less than half of DFAST peers 2009 2Q19 CRE to Total Capital: FHN vs Peers2 Total Average Loans Since 2009, exited 267%268% 2009 2Q19 252% national 1st & 2nd Lien 226% originations, One Time 177%182% Close and significantly 165% 15% 14% reduced exposure to 135% 138% 37% 105% 109%110% Res-CRE and Land 87% 21% 37% 63% 11% 2% I F F A V P C C R B U H N . B F B F K P S N K K H C W C C N O S F B B B M T N H I P B C U C C&I CRE Home Equity / HELOC Other Consumer³ F 1Results represent DFA Severely Adverse scenario. All references to peer stress testing data indicates aggregate HoldCo level 2018 supervisory Dodd-Frank Act Stress Testing (“DFAST”) results of 35 participating firms. Source: Federal Reserve. 2CRE is comprised of Non-owner-occupied Nonfarm/Nonresidential property loans, Multifamily loans, Construction & Land Development loans, and Unsecured CRE loans. Data as of 1Q19. Source: S&P Global Market Intelligence. 15 3Other Consumer includes Other Consumer loans, Credit Card, One-time Close, and Permanent Mortgage loans.

Key Takeaways Delivering on Key Strategic Priorities & Controlling What We Can Control Controlling What We Can Control • Strong loan growth across markets and specialty areas • Solid core customer deposit growth with momentum in key markets • Good expense discipline and taking additional efficiency actions to reinvest in the company • Continued sustainable underwriting discipline and ongoing portfolio management • Effective capital deployment with share buybacks and dividend Uncontrollable Market Factors • Interest Rate Environment - Negative shift in Fed Funds, 1M LIBOR, UST Curves 16

2019 Outlook: Delivering on Strategic Priorities 2Q19 2019 Outlook Commentary Reported Adjusted 1 1 Outlook improved due to stronger ROTCE 15.1% 18.2% 17% +/- performance across franchise 1 Increased fee income and cost reductions ROA 1.11% 1.32% 1.20% +/- driving improved profitability Loan & Deposit Growth at 3-6% NIM 3.34% 3.34% 3.30% +/- Assumes two FF rate decreases in 2019, 1M LIBOR declines from current levels, and gradual decreases in loan accretion Efficiency Efficiency Ratio expected to benefit from 65% 59%1 61% +/- restructuring actions and ongoing expense Ratio discipline partially offset by reinvestment NCOs 7bps 7bps 10bps +/- Credit outlook stable Deploying capital to support loan growth CET1 9.3% 9.3% 9.5 - 10% Capital levels expected to remain stable with payout ratio within 35-70% range 1ROTCE, Adjusted ROTCE, Adjusted ROA, and Adjusted Efficiency Ratio are Non-GAAP numbers, which are reconciled in the Appendix. 17

Dominate Tennessee Profitably Grow Key Markets & Specialty Areas Delivering on Strategic Priorities Optimize The Expense Base Transform the Customer Experience Strong Risk Profile & Effective Capital Deployment 18

APPENDIX 19

2Q19 Credit Quality Summary by Portfolio Regional Banking Corporate5 Non-Strategic FHNC Commercial HE & Permanent Commercial HE & Permanent CRE Other1 Subtotal Other2 Total (C&I & Other) HELOC Mortgage (C&I & Other) HELOC Mortgage ($ in millions) Period End Loans $18,710 $3,787 $5,773 $441 $28,711 $35 $418 $337 $155 $57 $29,713 30+ Delinquency % 0.05% 0.07% 0.50% 0.72% 0.15% 4.03% 0.00% 2.60% 1.67% 4.27% 0.20% Dollars $9 $3 $29 $3 $44 $1 $0 $9 $3 $2 $59 NPL3 % 0.56% 0.07% 0.66% 0.06% 0.51% 4.79% 0.66% 11.40% 10.36% 0.72% 0.69% Dollars $104 $3 $38 $0 $145 $2 $3 $38 $16 $0 $205 Net Charge-offs4 % 0.14% 0.02% NM 1.82% 0.11% NM 0.02% NM NM 4.41% 0.07% Dollars $6 $0 ($0) $2 $8 0 $0 ($3) ($1) $1 $5 Allowance $115 $29 $15 $12 $171 0 $5 $8 $9 $0 $193 Allowance / Loans % 0.61% 0.77% 0.25% 2.76% 0.60% NM 1.20% 2.44% 5.57% 0.09% 0.65% Allowance / Net Charge-offs 4.73x 34.79x NM 1.52x 5.43x NM 56.57x NM NM 0.02x 9.31x Numbers may not add to total due to rounding. Data as of 2Q19. NM - Not meaningful. 1Includes Credit card, Permanent Mortgage, and Other. 2Includes Credit card, OTC, and Other Consumer. 3Non-performing loan excludes held-for-sale loans. 4Net charge-offs are annualized. 20 5Exercised clean-up calls on jumbo securitizations in 1Q13, 3Q12, 2Q11, and 4Q10, which are now on the balance sheet in the Corporate segment.

Select C&I and CRE Portfolio Metrics Regional Banking Average Commercial Loans C&I: Loans to Mortgage Companies 2% 2% Correspondent • 50% conventional conforming Specialty Areas Energy • 40% government insured 4% • 10% jumbo/other $3.8 4% Franchise Finance 5% • 70% purchase/30% refi in 2Q19 Healthcare $3.0 40% 10% Corporate $2.4 $2.1 $2.3 $1.9 $2.1 $2.0 2Q19 Asset-Based Lending $1.9 $1.7 Loans to Mortgage Co. 14% Commercial Real Estate 2Q18 3Q18 4Q18 1Q19 2Q19 4% Business Banking 14% Commercial Period-end Balance ($B) Average Balance ($B) CRE: Collateral Type CRE: Geographic Distribution 1% Multi-Family NC Retail 12% 15% 25% TN Office 30% 12% 6% FL Industrial SC 2Q19 7% 2Q19 Other TX 13% 8% Hospitality 19% GA Land 20% 18% 14% Other Numbers may not add to total due to rounding. 21

Consumer Portfolio & Non-Strategic Overview HELOC Draw vs Repayment Balances Home Equity Portfolio In Draw In Repayment 66% $1.0B $0.4B 2Q19 5% 6% 7% 8% 7% 0-12 13-24 25-36 37-48 49-60 >60 Months Left in Draw Period Non-Strategic Consumer Real Estate Mortgage Repurchase Reserve $489mm $442mm ($ in millions) 2Q18 3Q18 4Q18 1Q19 2Q19 $405mm $372mm $337mm Beginning Balance $33 $32 $32 $32 $31 38% 37% 1 36% Net Realized Losses ($1) $0 ($0) $0 ($13) 33% 32% Provision Credit ($0) ($1) ($0) ($0) ($1) 2Q18 3Q18 4Q18 1Q19 2Q19 Ending Balance $32 $32 $32 $31 $18 Period-end Balance Constant Pre-Payment Rate Data as of 2Q19 unless noted otherwise. Numbers may not add to total due to rounding. 12Q19 includes a $12.6 million indemnification settlement payment that reduces the repurchase and foreclosure reserve. 22

Notable Items – 2018 & 2019 Pre-Tax Pre-Tax 2018 Amount 2019 Amount Acquisition Expense ($31.4mm) Restructuring ($12.2mm) 1Q Gain on property sale $3.3mm Acquisition Expense ($5.7mm) Restructuring ($18.7mm) Acquisition Expense ($43.2mm) Rebranding ($9.1mm) 2Q Acquisition Expense ($8.6mm) Other Expense (Visa Shares) ($4.1mm) Litigation Expense Reversal $8.3mm Acquisition Expense ($11.4mm) 3Q Visa B Share Monetization $212.9mm Acquisition Expense ($11.6mm) 4Q Acquisition: Fee-income Adjustment ($1.8mm) Return of excess fees from Capital Bank ($8.7mm) Debit Cards 23

Expense Schedules Capital Bank Acquisition, Restructuring, & Rebranding Capital Bank Merger and Integration Expenses Restructuring Expenses ($ in millions) 2Q19 1Q19 2Q18 ($ in millions) 2Q19 1Q19 Employee comp., incentives and benefits (a) $0.4 $0.5 $2.5 Employee comp., incentives and benefits $2.6 $6.5 Occupancy (b) $1.5 $0.1 $2.2 Legal & Professional fees $4.2 $4.3 Miscellaneous expense (c) $0.1 $1.1 $3.1 Occupancy $0.1 $0.8 Professional fees (d) $4.5 $1.9 $9.0 All other expense (a) $11.8 $0.5 Contract employment and outsourcing (e) $- $ - $1.7 Total Restructuring Expense $18.7 $12.2 All other expense (f) $1.1 $1.1 $23.2 (a) Primarily relates to branch impairments. Total Capital Bank Merger and Integration Expense $7.5 $4.7 $41.8 Rebranding Expenses (a) Primarily comprised of fees for severance and retention. ($ in millions) 2Q19 (b) Primarily relates to fees associated with lease exit accruals. Professional fees $0.9 (c) Consists of fees for operations services, communications and courier, equipment rentals, depreciation, and maintenance, supplies, travel and entertainment, computer Advertising and public relations $0.4 software, and advertising and public relations. Supplies $0.3 (d) Primarily comprised of fees for legal, accounting, and merger consultants (e) Primarily relates to fees for temporary assistance for merger and integration All other expense (a) $7.4 activities. Total Restructuring Expense $9.1 (f) Primarily relates to contract termination charges, costs of shareholder matters and asset impairments related to the integration, as well as other miscellaneous expenses. (a) Primarily relates to costs associated with signage and other fixed asset impairments. *Integration activities were substantially completed in second quarter 2018. This table shows acquisition expense related to the CBF transaction only and does not include expense from other acquisitions. Numbers may not add to total due to rounding. 24

Reconciliation to GAAP Financials Slides in this presentation use non-GAAP information of adjusted noninterest expense, adjusted pre-tax income, adjusted net income available to common, and adjusted earnings per share. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. LQ ($ and shares in millions, except per share data) 2Q19 1Q19 % Change 4Q18 3Q18 2Q18 Adjusted Noninterest Expense Noninterest Expense (GAAP) $300 $296 1% $282 $294 $333 Plus: Notable Items (GAAP) -$28 -$18 58% -$12 -$11 -$47 Adjusted Noninterest Expense (Non-GAAP) $272 $278 -2% $270 $283 $285 Adjusted Pre-Tax Income Pre-Tax Income (GAAP) $148 $130 14% Plus: Notable Items (GAAP) $28 $18 58% Adjusted Pre-Tax Income (Non-GAAP) $176 $148 19% Adjusted Net Income Net Income (GAAP) $114 $103 10% Plus: Tax-affected Notable Items (GAAP)1 $22 $14 62% Adjusted Net Income (Non-GAAP) $136 $117 16% Adjusted Net Income Available to Common (NIAC) & Earnings Per Share (EPS) Net Income Available to Common (GAAP) $109 $99 10% Plus: Tax-affected Notable Items (GAAP)1 $22 $14 62% Adjusted Net Income Available to Common (Non-GAAP) (a) $132 $113 17% Average Common Diluted Shares (GAAP) (b) 316 320 -1% Earnings Per Share (GAAP) $0.35 $0.31 13% Adjusted Earnings Per Share (Non-GAAP) (a/b) $0.42 $0.35 20% Numbers may not add to total due to rounding. LQ – Linked Quarter. 1Tax-affected notable items assume an effective tax rate of ~21% in 2Q19 and ~23% in 1Q19. 25

Reconciliation to GAAP Financials Slides in this presentation use non-GAAP information of adjusted efficiency ratio, return on tangible common equity, adjusted return on tangible common equity, and adjusted return on average assets. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. ($ in millions) 2Q19 1Q19 Variance Adjusted Efficiency Ratio Noninterest Expense (GAAP) (a) $300 $296 Revenue Excluding Securities Gains (GAAP) (b) $462 $436 Efficiency Ratio (GAAP) (a/b) 65.1% 68.0% -290bps Adjusted Noninterest Expense1 (Non-GAAP) (c) $272 $278 Revenue Excluding Securities Gains (Non-GAAP) (b) $462 $436 Adjusted Efficiency Ratio (Non-GAAP) (c/b) 59.0% 63.9% -489bps Return on Tangible Common Equity (ROTCE) Average Total Equity (GAAP) $4,869 $4,809 Less: Average Noncontrolling Interest (GAAP) -$295 -$295 Less: Average Preferred Stock (GAAP) -$96 -$96 Average Common Equity (GAAP) (d) $4,478 $4,418 Less: Average Intangible Assets (GAAP) -$1,579 -$1,585 Average Tangible Common Equity (Non-GAAP) (e) $2,900 $2,833 Annualized Net Income Available to Common (GAAP) (f) $439 $402 Return on Average Common Equity (ROCE) (GAAP) (f/d) 9.8% 9.1% 70bps Return on Average Tangible Common Equity (ROTCE) (Non-GAAP) (f/e) 15.1% 14.2% 95bps Adjusted Return on Tangible Common Equity (ROTCE) Annualized Adjusted Net Income Available to Common1 (Non-GAAP) (g) $528 $457 Average Tangible Common Equity (Non-GAAP) (e) $2,900 $2,833 Adjusted Return on Average Tangible Common Equity (ROTCE) (Non-GAAP) (g/e) 18.2% 16.1% 206bps Adjusted Return on Average Assets (ROA) Annualized Net Income (GAAP) (h) $456 $419 Average Total Assets (GAAP) (i) $41,243 $40,883 Return on Average Assets (GAAP) (h/i) 1.11% 1.03% N/A Annualized Adjusted Net Income1 (Non-GAAP) (j) $545 $475 Average Total Assets (GAAP) (i) $41,243 $40,883 Adjusted Return on Average Assets (Non-GAAP) (j/i) 1.32% 1.16% N/A Numbers may not add to total due to rounding. N/A – Not Applicable. 1Adjusted Noninterest Expense, Adjusted Net Income Available to Common, and Adjusted Net Income are Non-GAAP numbers that are reconciled on the previous slide. 26

Reconciliation to GAAP Financials Slides in this presentation use non-GAAP information of adjusted noninterest expense per common share and adjusted earnings per share. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. (2) (1) Average Common (1)/(2) LQ Diluted Shares LQ ($ and shares in millions, except per share data) 2Q19 1Q19 $ Change (GAAP) 1Q19 EPS Impact Adjusted Noninterest Expense Per Share Noninterest Expense (Non-GAAP) -$300 -$296 -$4 320 -$0.01 Adjusted Noninterest Expense (Non-GAAP)1 -$272 -$278 $6 320 $0.02 Adjusted Earnings Per Share (Non-GAAP) 1 $0.42 $0.35 $0.07 N/A $0.07 Less: Net Interest Income (GAAP) $304 $295 $9 320 $0.03 Less: Fee Income (GAAP) $158 $141 $17 320 $0.05 Less: Adjusted Noninterest Expense (Non-GAAP)1 -$272 -$278 $6 320 $0.02 Less: Provision (GAAP) -$13 -$9 -$4 320 -$0.01 Tax Rate (Remainder) N/A N/A N/A N/A -$0.02 Numbers may not add to total due to rounding. N/A – Not Applicable. 1Adjusted Noninterest Expense and Adjusted EPS are Non-GAAP numbers that are reconciled on the previous slide. 27