1

THIRD 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 Third Quarter 2019 Notable Items
Segment	Item	Income Statement	Amount Favorable/ (Unfavorable)	Comments
Corporate	Acquisition expenses	Noninterest expense: various	$(9.0) million	Pre-tax acquisition-related expenses primarily associated with the Capital Bank Financial Corp. ("CBF") acquisition
Corporate	Restructuring, repositioning, and efficiency initiatives	Noninterest expense: various	$(7.8) million	Pre-tax expense associated with professional fees and severance-related costs associated with efficiency initiatives
Fixed Income	Legal matters	Noninterest expense: various	$(7.5) million	Pre-tax net impact related to the resolution of legal matters
Corporate	Visa derivative valuation adjustments	Noninterest expense: other	$(4.0) million	Pre-tax negative valuation adjustments associated with derivatives related to prior sales of Visa Class B shares
Corporate	Rebranding expenses	Noninterest expense: various	$(3.1) million	Pre-tax expense associated with technology-related expenses, professional fees, and marketing and advertising expenses
Third Quarter 2019 vs. Second Quarter 2019

Consolidated								l Diluted EPS of $.35 in 3Q19 and 2Q19 l Total revenue up 2% l Fee income up 9% due to higher fixed income revenue, fees from derivative sales, and deposit fees l NII down from the negative impact of interest rates (including LIBOR and Prime) and lower loan accretion, somewhat offset by higher commercial loan balances l NIM of 3.21% in 3Q19 compared to 3.34% in 2Q19; decrease primarily due to a decline in LIBOR and lower loan accretion l    Loan loss provision of $15 million in 3Q19, up from $13 million in 2Q19 l    Expenses up 2% due to a net increase in litigation expenses and negative Visa derivative valuation adjustments, somewhat offset by lower restructuring-, rebranding- and personnel-related expenses l    Average loan growth of 5%; Average deposit growth of 1%
(Thousands, except per share data)	3Q19		2Q19		Change
Income Statement
Net interest income	$	300,676	$	303,610	(1	)	%
Noninterest income	171,735		157,993		9		%
Total revenues	472,411		461,603		2		%
Provision for loan losses	15,000		13,000		15		%
Noninterest expense	307,672		300,394		2		%
Income before income taxes	149,739		148,209		1		%
Provision for income taxes	35,796		34,467		4		%
Net income/(loss)	$	113,943	$	113,742	*
Diluted EPS	$	0.35	$	0.35	*
Balance Sheet (millions)
Average Loans	$	30,016	$	28,672	5		%
Average Deposits	32,371		31,964		1		%
* Amount is less than one percent.

Regional Banking							lStrong loan growth    l Loan growth due to increases in C&I and specialty areas, with particular strength in loans to mortgage companies    l NII up from commercial loan growth, and more days in 3Q19, somewhat offset by lower accretion l    Fee income up 5% due to fees from derivative sales and deposit fees l    Provision expense primarily driven by a charge-off associated with a single unreserved commercial credit, commercial loan growth, and modest grade migration l   Net charge-offs were $17.1 million in 3Q19, up from $7.8 million lExpense flat as a decrease in personnel expenses was offset by higher professional fees related to strategic initiatives and development costs
(Thousands)	3Q19		2Q19		Change
Net interest income	$	302,370	$	297,339	2	%
Noninterest income	85,776		81,475		5	%
Total revenues	388,146		378,814		2	%
Provision for loan losses	20,472		17,775		15	%
Noninterest expense	193,211		193,268		*
Income before income taxes	$	174,463	$	167,771	4	%
PPNR (a)	194,935		185,546		5	%
Balance Sheet (millions)
Average loans	$	28,958	$	27,533	5	%
Average deposits	30,044		29,954		*
* Amount is less than one percent.
(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, rate outlook, and market volatility favorably impacted 3Q19 activity l3Q19 ADR of $994 thousand, compared to ADR of $866 thousand in 2Q19, up 15% with growth across multiple trading desks l Other product revenue up $3.1 million from derivative and loan sales l Expense increase largely driven by the net impact of the resolution of legal matters, coupled with higher variable compensation associated with increased revenues
(Thousands)	3Q19		2Q19		Change
Net interest income	$	5,309	$	6,171	(14	)	%
Noninterest income	77,809		65,622		19		%
Total revenues	83,118		71,793		16		%
Noninterest expense	67,787		55,770		22		%
Income before income taxes	$	15,331	$	16,023	(4	)	%

4

FHN PERFORMANCE HIGHLIGHTS (continued)

Third Quarter 2019 vs. Second Quarter 2019 (continued)

Corporate										l    NII negatively impacted by lower average balances of securities and cash and declining rates l    Expense decrease driven by lower restructuring costs associated with efficiency initiatives and rebranding-related expenses, somewhat offset by $4.0 million of valuation adjustments associated with derivatives related to prior sales of Visa Class B shares
(Thousands)	3Q19			2Q19			Change
Net interest income	$	(13,225	)	$	(7,034	)	(88	)	%
Noninterest income	7,359			9,400			(22	)	%
Total revenues	(5,866		)	2,366			NM
Noninterest expense	41,993			55,500			(24	)	%
Income before income taxes	$	(47,859	)	$	(53,134	)	10		%
NM - Not meaningful

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 resolution of legal matters
(Thousands)	3Q19			2Q19			Change
Net interest income	$	6,222		$	7,134		(13	)	%
Noninterest income	791			1,496			(47	)	%
Total revenues	7,013			8,630			(19	)	%
Provision for loan losses	(5,472		)	(4,775		)	(15	)	%
Noninterest expense	4,681			(4,144		)	NM
Income before income taxes	$	7,804		$	17,549		(56	)	%
Balance Sheet
Average loans	$	935		$	1,011		(8	)	%
NM - Not meaningful

Asset Quality								l    Increase in reserves primarily driven by loan growth within the commercial portfolio and modest grade migration - some of which is associated with two credits that moved to individually impaired; these increases were partially offset by declining balances in the non-strategic portfolio l    Increase in net charge-offs driven by two commercial credits, one of which was reserved in 2Q19 l    Nonperforming loans decreased $32.1 million, primarily driven by one mortgage warehouse lending relationship that converted to the underlying collateral l    Increase in 30+ delinquencies primarily driven by one commercial credit
(Thousands)	3Q19		2Q19		Change
Allowance for loan losses	$193,149		$192,749		*
Allowance / loans %	0.62	%	0.65	%
Net Charge-offs	$14,600		$5,162		NM
Net charge-offs %	0.19	%	0.07	%
Nonperforming Loans (a)	$172,495		$204,586		(16	)	%
NPL %	0.55	%	0.69	%
30+ delinquencies	$70,675		$58,861		20		%
30+ delinquencies %	0.23	%	0.20	%
NM - Not meaningful
* Amount is less than one percent.
(a) Excludes loans held-for-sale.

Capital and Liquidity										lDeclared quarterly dividend of $.14 in 3Q19; dividend payout of 40% l Repurchased 1.8 million shares (weighted average price - $15.73) in 3Q19 compared to 3.5 million shares (weighted average price - $14.30) in 2Q19 l$270.7 million remaining authorization under the stock purchase authorization first announced in January 2018, currently scheduled to expire January 31, 2021 l 3Q19 decrease in risk-based capital ratios largely driven by an increase in risk-weighted assets driven by period-end commercial loan growth
(millions)	3Q19			2Q19			Change
Common dividends declared (a)	$	43.5		$	43.7		*
Preferred dividends declared	$	1.6		$	1.6		*
Share repurchases	$	28.2		$	50.2		(44	)	%
Capital Ratios (b)
Common Equity Tier 1	8.99		%	9.25		%
Tier 1	9.95		%	10.24		%
Total Capital	10.99		%	11.34		%
Leverage	9.05		%	9.04		%
* Amount is less than one percent.
(a) 3Q19 common dividends paid October 1, 2019; 2Q19 common dividends paid July 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

																3Q19 Changes vs.
(Dollars in thousands, except per share data)	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19			3Q18
Interest income	$	407,494		$	412,089		$	400,615		$	401,186		$	393,669		(1	)	%	4		%
Less: interest expense	106,818			108,479			106,107			98,674			87,969			(2	)	%	21		%
Net interest income	300,676			303,610			294,508			302,512			305,700			(1	)	%	(2	)	%
Provision/(provision credit) for loan losses	15,000			13,000			9,000			6,000			2,000			15		%	NM
Net interest income after provision for loan losses	285,676			290,610			285,508			296,512			303,700			(2	)	%	(6	)	%
Noninterest income:
Fixed income (a)	77,645			66,414			53,749			39,866			44,813			17		%	73		%
Deposit transactions and cash management (b)	34,379			32,374			31,621			25,422			35,792			6		%	(4	)	%
Brokerage, management fees and commissions	14,157			14,120			12,633			13,380			14,200			*			*
Trust services and investment management	7,163			7,888			7,026			6,959			7,438			(9	)	%	(4	)	%
Bankcard income	7,017			6,355			6,952			7,570			7,744			10		%	(9	)	%
Bank-owned life insurance	4,427			5,126			4,402			4,852			4,337			(14	)	%	2		%
Securities gains/(losses), net (c)	97			49			31			(28		)	212,859			98		%	NM
Other (d)	26,850			25,667			24,631			12,253			21,789			5		%	23		%
Total noninterest income	171,735			157,993			141,045			110,274			348,972			9		%	(51	)	%
Adjusted gross income after provision for loan losses	457,411			448,603			426,553			406,786			652,672			2		%	(30	)	%
Noninterest expense:
Employee compensation, incentives, and benefits (e)	167,022			171,643			177,925			156,240			164,839			(3	)	%	1		%
Repurchase and foreclosure provision (f)	(22		)	(530		)	(455		)	(153		)	(562		)	96		%	96		%
Legal fees (g)	4,854			6,486			2,831			3,479			2,541			(25	)	%	91		%
Professional fees (g)	14,910			11,291			12,299			8,842			9,270			32		%	61		%
Occupancy (g)	18,887			20,719			20,693			22,053			20,002			(9	)	%	(6	)	%
Computer software	15,191			15,001			15,139			14,656			15,693			1		%	(3	)	%
Contract employment and outsourcing	3,256			3,078			3,371			4,248			4,314			6		%	(25	)	%
Operations services	11,634			11,713			11,488			12,945			13,121			(1	)	%	(11	)	%
Equipment rentals, depreciation, and maintenance	8,197			8,375			8,829			8,983			9,423			(2	)	%	(13	)	%
FDIC premium expense (h)	5,564			4,247			4,273			5,200			7,850			31		%	(29	)	%
Advertising and public relations	6,646			5,574			7,242			7,718			8,365			19		%	(21	)	%
Communications and courier	5,650			7,380			6,453			7,256			7,014			(23	)	%	(19	)	%
Amortization of intangible assets	6,206			6,206			6,216			6,461			6,460			*			(4	)	%
Other (d)	39,677			29,211			19,786			24,004			25,701			36		%	54		%
Total noninterest expense	307,672			300,394			296,090			281,932			294,031			2		%	5		%
Income before income taxes	149,739			148,209			130,463			124,854			358,641			1		%	(58	)	%
Provision for income taxes (i)	35,796			34,467			27,058			24,049			83,925			4		%	(57	)	%
Net income/(loss)	113,943			113,742			103,405			100,805			274,716			*			(59	)	%
Net income attributable to noncontrolling interest	2,883			2,852			2,820			2,910			2,883			1		%	*
Net income/(loss) attributable to controlling interest	111,060			110,890			100,585			97,895			271,833			*			(59	)	%
Preferred stock dividends	1,550			1,550			1,550			1,550			1,550			*			*
Net income/(loss) available to common shareholders	$	109,510		$	109,340		$	99,035		$	96,345		$	270,283		*			(59	)	%
Common Stock Data
EPS (c)	$	0.35		$	0.35		$	0.31		$	0.30		$	0.83		*			(58	)	%
Basic shares (thousands)	311,888			314,063			317,435			321,505			324,406			(1	)	%	(4	)	%
Diluted EPS (c)	$	0.35		$	0.35		$	0.31		$	0.30		$	0.83		*			(58	)	%
Diluted shares (thousands)	313,805			315,786			319,581			323,885			327,252			(1	)	%	(4	)	%
Key Ratios & Other
Return on average assets (annualized) (c) (j)	1.08		%	1.11		%	1.03		%	0.99		%	2.72		%
Return on average common equity (“ROCE”) (annualized) (c) (j)	9.50		%	9.79		%	9.09		%	8.81		%	25.41		%
Return on average tangible common equity (“ROTCE”) (annualized) (c) (j) (k)	14.49		%	15.12		%	14.17		%	13.80		%	40.51		%
Fee income to total revenue (j)	36.34		%	34.22		%	32.38		%	26.72		%	30.81		%
Efficiency ratio (j)	65.14		%	65.08		%	67.99		%	68.30		%	66.55		%
Average full time equivalent employees	5,116			5,287			5,524			5,563			5,623

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) 3Q19, 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

																3Q19 Changes vs.
(Thousands)	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19			3Q18
Other Income
ATM and interchange fees	$	4,507		$	4,262		$	3,241		$	3,411		$	3,263		6		%	38		%
Dividend income	1,556			1,809			2,313			2,425			2,757			(14	)	%	(44	)	%
Electronic banking fees	1,288			1,267			1,271			1,393			1,309			2		%	(2	)	%
Letter of credit fees	1,400			1,253			1,368			1,447			1,307			12		%	7		%
Mortgage banking	2,019			2,572			1,886			3,077			2,533			(22	)	%	(20	)	%
Deferred compensation (a)	472			1,938			5,474			(6,124		)	1,458			(76	)	%	(68	)	%
Insurance commissions	577			566			624			467			396			2		%	46		%
Other service charges	5,738			5,624			3,869			3,513			3,758			2		%	53		%
Gain/(loss) on extinguishment of debt	(6		)	—			(1		)	(14		)	(1		)	NM			NM
Other (b)	9,299			6,376			4,586			2,658			5,009			46		%	86		%
Total	$	26,850		$	25,667		$	24,631		$	12,253		$	21,789		5		%	23		%
Other Expense
Litigation and regulatory matters	$	11,534		$	(8,230	)	$	13		$	35		$	(1,541	)	NM			NM
Tax credit investments	407			267			675			1,126			1,370			52		%	(70	)	%
Travel and entertainment	2,849			2,906			2,712			4,340			3,988			(2	)	%	(29	)	%
Employee training and dues	1,003			1,251			1,457			1,908			1,682			(20	)	%	(40	)	%
Customer relations (c)	3,165			1,540			1,599			1,834			1,328			NM			NM
Miscellaneous loan costs	1,017			857			1,027			1,012			543			19		%	87		%
Supplies	1,668			1,342			1,804			1,459			1,635			24		%	2		%
OREO	342			25			(366		)	456			1,256			NM			(73	)	%
Other insurance and taxes	2,475			2,495			2,694			1,506			2,761			(1	)	%	(10	)	%
Non-service components of net periodic pension and post retirement cost	986			559			432			1,632			1,585			76		%	(38	)	%
Other (d)	14,231			26,199			7,739			8,696			11,094			(46	)	%	28		%
Total	$	39,677		$	29,211		$	19,786		$	24,004		$	25,701		36		%	54		%

NM - Not meaningful

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

(b) 3Q19 and 2Q19 increase due in large part to higher fees from derivative sales in the Regional Banking segment; 3Q19 and 3Q18 include $1.0 million and $.8 million, respectively, of gains on the sales of buildings; 4Q18 includes a $1.8 million negative valuation adjustment on HFS consumer loans included in the Non-Strategic segment.

(c) 3Q19 increase driven by higher development costs.

(d) Refer to the Acquisition, Restructuring, and Rebranding expense tables on page 8 for additional information about variability in quarterly balances; 3Q19 includes $4.0 million of valuation adjustments associated with derivatives related to prior sales of Visa Class B shares.

7

ACQUISITION EXPENSE

Quarterly, Unaudited

													3Q19 Changes vs.
	3Q19			2Q19		1Q19		4Q18			3Q18		2Q19			3Q18
(Thousands)
Legal and professional fees (a)	$	3,507		$	4,478	$	1,867	$	3,122		$	4,593	(22	)	%	(24	)	%
Employee compensation, incentives, and benefits (b)	1,473			1,472		1,517		2,543			3,112		*			(53	)	%
Occupancy (c)	(76		)	1,505		118		2,885			115		NM			NM
Contract employment and outsourcing (d)	223			17		—		(20		)	599		NM			(63	)	%
Miscellaneous expense (e)	1,022			79		1,069		1,130			1,381		NM			(26	)	%
All other expense (f)	2,840			1,096		1,089		2,040			1,549		NM			83		%
Total acquisition expense	$	8,989		$	8,647	$	5,660	$	11,700		$	11,349	4		%	(21	)	%

NM - Not meaningful

* Amount is less than one percent.

(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

								3Q19 Changes vs.
	3Q19			2Q19		1Q19		2Q19
(Thousands)
Legal and professional fees	$	6,488		$	4,242	$	4,295	53		%
Employee compensation, incentives, and benefits	1,182			2,557		6,505		(54	)	%
Occupancy	(128		)	72		817		NM
All other expense (a)	300			11,797		535		(97	)	%
Total restructuring expense	$	7,842		$	18,668	$	12,152	(58	)	%

NM - Not meaningful

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

REBRANDING EXPENSE

Quarterly, Unaudited

					3Q19 Changes vs.
	3Q19		2Q19		2Q19
(Thousands)
Legal and professional fees	$	879	$	882	*
Advertising and public relations	663		423		57			%
Supplies	105		325		(68		)	%
Miscellaneous expense	145		38		NM
All other expense (a)	1,322		7,406		(82		)	%
Total rebranding expense	$	3,114	$	9,074	$	(66	)	%

NM - Not meaningful

* Amount is less than one percent.

(a) Primarily relates to costs associated with fixed asset impairments and technology-related expenses.

8

FHN CONSOLIDATED PERIOD-END BALANCE SHEET

Quarterly, Unaudited 

																3Q19 Changes vs.
(Thousands)	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19			3Q18
Assets:
Investment securities	$	4,425,845		$	4,425,609		$	4,626,322		$	4,636,470		$	4,618,383		*			(4	)	%
Loans held-for-sale (a)	554,843			447,106			594,662			679,149			725,651			24		%	(24	)	%
Loans, net of unearned income	31,260,833			29,712,810			27,990,048			27,535,532			27,350,214			5		%	14		%
Federal funds sold	48,747			50,705			167,602			237,591			113,722			(4	)	%	(57	)	%
Securities purchased under agreements to resell	697,214			602,919			474,679			386,443			687,437			16		%	1		%
Interest-bearing cash (b)	364,412			593,180			1,013,254			1,277,611			531,681			(39	)	%	(31	)	%
Trading securities	1,395,043			1,668,942			1,681,727			1,448,168			1,930,991			(16	)	%	(28	)	%
Total earning assets	38,746,937			37,501,271			36,548,294			36,200,964			35,958,079			3		%	8		%
Cash and due from banks	749,719			596,081			570,589			781,291			642,051			26		%	17		%
Fixed income receivables (c)	209,732			147,574			46,782			38,861			177,802			42		%	18		%
Goodwill	1,432,787			1,432,787			1,432,787			1,432,787			1,409,822			*			2		%
Other intangible assets, net	136,406			142,612			148,818			155,034			161,495			(4	)	%	(16	)	%
Premises and equipment, net	451,600			454,271			484,494			494,041			506,453			(1	)	%	(11	)	%
Other real estate owned ("OREO")	20,181			19,286			23,396			25,290			28,628			5		%	(30	)	%
Allowance for loan losses	(193,149		)	(192,749		)	(184,911		)	(180,424		)	(185,959		)	*			4		%
Derivative assets	250,786			185,521			118,128			81,475			54,476			35		%	NM
Other assets (d)	1,912,685			1,885,116			1,910,626			1,802,939			1,883,077			1		%	2		%
Total assets	$	43,717,684		$	42,171,770		$	41,099,003		$	40,832,258		$	40,635,924		4		%	8		%
Liabilities and Equity:
Deposits:
Consumer interest	$	13,670,204		$	13,705,969		$	13,707,310		$	13,327,104		$	12,800,892		*			7		%
Commercial interest	6,211,539			6,660,056			6,729,999			6,172,159			5,735,486			(7	)	%	8		%
Market-indexed (e)	3,794,105			3,855,545			4,062,531			5,042,412			4,445,826			(2	)	%	(15	)	%
Total interest-bearing deposits	23,675,848			24,221,570			24,499,840			24,541,675			22,982,204			(2	)	%	3		%
Noninterest-bearing deposits	8,268,812			8,086,748			7,963,048			8,141,317			8,025,881			2		%	3		%
Total deposits	31,944,660			32,308,318			32,462,888			32,682,992			31,008,085			(1	)	%	3		%
Federal funds purchased	936,837			666,007			339,360			256,567			437,474			41		%	NM
Securities sold under agreements to repurchase	735,226			764,308			745,788			762,592			678,510			(4	)	%	8		%
Trading liabilities	719,777			558,347			429,669			335,380			739,694			29		%	(3	)	%
Other short-term borrowings (f)	2,276,139			865,347			140,832			114,764			1,069,912			NM			NM
Term borrowings (g)	1,195,096			1,186,646			1,177,926			1,170,963			1,200,134			1		%	*
Fixed income payables (c)	66,842			66,369			100,290			9,572			36,939			1		%	81		%
Derivative liabilities	83,530			88,485			107,123			133,713			170,324			(6	)	%	(51	)	%
Other liabilities (d)	763,534			741,862			748,606			580,335			552,921			3		%	38		%
Total liabilities	38,721,641			37,245,689			36,252,482			36,046,878			35,893,993			4		%	8		%
Equity:
Common stock	194,487			195,299			197,101			199,108			202,464			*			(4	)	%
Capital surplus	2,925,309			2,941,696			2,983,948			3,029,425			3,101,102			(1	)	%	(6	)	%
Undivided profits	1,725,846			1,660,520			1,595,568			1,542,408			1,484,959			4		%	16		%
Accumulated other comprehensive loss, net	(240,654		)	(262,489		)	(321,151		)	(376,616		)	(437,649		)	(8	)	%	(45	)	%
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	4,996,043			4,926,081			4,846,521			4,785,380			4,741,931			1		%	5		%
Total liabilities and equity	$	43,717,684		$	42,171,770		$	41,099,003		$	40,832,258		$	40,635,924		4		%	8		%

NM - Not meaningful

*Amount is less than one percent.

(a) 3Q19 includes $449.1 million of SBA and USDA loans, $100.3 million of mortgage loans, and $5.5 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 decrease includes the retirement of $35.1 million of TRUPS debt.

(h) Consists of preferred stock of subsidiaries.

9

FHN CONSOLIDATED AVERAGE BALANCE SHEET

Quarterly, Unaudited 

																3Q19 Changes vs.
(Thousands)	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19			3Q18
Assets:
Earning assets:
Loans, net of unearned income:
Commercial, financial, and industrial (C&I) (a)	$	18,965,829		$	17,952,866		$	16,428,088		$	15,952,608		$	16,038,920		6		%	18		%
Commercial real estate (a)	4,269,425			3,910,466			3,959,592			4,170,186			4,226,580			9		%	1		%
Consumer real estate	6,094,274			6,109,805			6,194,147			6,274,799			6,199,910			*			(2	)	%
Permanent mortgage	189,214			200,234			216,037			228,184			348,922			(6	)	%	(46	)	%
Credit card and other	497,646			498,790			515,436			528,866			532,890			*			(7	)	%
Total loans, net of unearned income (b)	30,016,388			28,672,161			27,313,300			27,154,643			27,347,222			5		%	10		%
Loans held-for-sale (c)	455,239			606,685			670,401			714,388			727,508			(25	)	%	(37	)	%
Investment securities:
U.S. treasuries	100			99			99			98			98			1		%	2		%
U.S. government agencies	4,289,719			4,461,712			4,494,814			4,489,625			4,594,639			(4	)	%	(7	)	%
States and municipalities	49,025			41,911			33,400			27,573			14,332			17		%	NM
Corporate bonds	50,414			64,720			65,194			65,033			65,505			(22	)	%	(23	)	%
Other	18,837			14,609			10,249			11,421			7,307			29		%	NM
Total investment securities	4,408,095			4,583,051			4,603,756			4,593,750			4,681,881			(4	)	%	(6	)	%
Trading securities	1,391,405			1,564,201			1,443,969			1,634,726			1,501,857			(11	)	%	(7	)	%
Other earning assets:
Federal funds sold	21,225			47,664			113,043			43,752			43,396			(55	)	%	(51	)	%
Securities purchased under agreements to resell	550,641			593,412			428,687			609,891			764,743			(7	)	%	(28	)	%
Interest-bearing cash (d)	545,784			648,927			1,717,696			1,073,540			486,280			(16	)	%	12		%
Total other earning assets	1,117,650			1,290,003			2,259,426			1,727,183			1,294,419			(13	)	%	(14	)	%
Total earning assets	37,388,777			36,716,101			36,290,852			35,824,690			35,552,887			2		%	5		%
Allowance for loan losses	(196,586		)	(188,243		)	(182,332		)	(186,978		)	(186,204		)	4		%	6		%
Cash and due from banks	596,323			590,622			610,470			615,199			597,578			1		%	*
Fixed income receivables	75,938			64,958			55,393			56,519			54,176			17		%	40		%
Premises and equipment, net	451,567			478,607			485,462			499,867			518,017			(6	)	%	(13	)	%
Derivative assets	160,341			83,050			55,288			38,449			31,322			93		%	NM
Other assets (e)	3,464,541			3,497,912			3,568,059			3,454,782			3,509,257			(1	)	%	(1	)	%
Total assets	$	41,940,901		$	41,243,007		$	40,883,192		$	40,302,528		$	40,077,033		2		%	5		%
Liabilities and equity:
Interest-bearing liabilities:
Interest-bearing deposits:
Consumer interest	$	13,670,745		$	13,597,195		$	13,390,692		$	12,965,734		$	12,663,181		1		%	8		%
Commercial interest	6,321,835			6,599,793			6,577,476			5,900,136			5,580,371			(4	)	%	13		%
Market-indexed (f)	4,143,012			3,818,949			4,734,295			4,947,192			4,486,335			8		%	(8	)	%
Total interest-bearing deposits	24,135,592			24,015,937			24,702,463			23,813,062			22,729,887			*			6		%
Federal funds purchased	886,445			519,497			370,868			334,036			454,670			71		%	95		%
Securities sold under agreements to repurchase	722,815			691,490			688,765			710,898			720,716			5		%	*
Trading liabilities	501,203			548,653			375,169			543,696			702,026			(9	)	%	(29	)	%
Other short-term borrowings (g)	535,585			650,387			114,474			244,413			861,865			(18	)	%	(38	)	%
Term borrowings	1,185,853			1,183,205			1,172,618			1,172,405			1,235,166			*			(4	)	%
Total interest-bearing liabilities	27,967,493			27,609,169			27,424,357			26,818,510			26,704,330			1		%	5		%
Noninterest-bearing deposits	8,235,806			7,947,607			7,795,015			8,034,692			8,117,349			4		%	1		%
Fixed income payables	33,059			25,579			21,978			19,858			17,582			29		%	88		%
Derivative liabilities	19,632			61,715			94,943			147,075			114,211			(68	)	%	(83	)	%
Other liabilities (e)	722,570			729,776			737,664			551,695			512,259			(1	)	%	41		%
Total liabilities	36,978,560			36,373,846			36,073,957			35,571,830			35,465,731			2		%	4		%
Equity:
Common stock	194,930			196,319			198,460			201,006			202,852			(1	)	%	(4	)	%
Capital surplus	2,934,276			2,964,824			3,015,017			3,068,536			3,108,721			(1	)	%	(6	)	%
Undivided profits	1,695,417			1,629,474			1,572,177			1,510,503			1,323,826			4		%	28		%
Accumulated other comprehensive loss, net	(253,337		)	(312,511		)	(367,474		)	(440,402		)	(415,152		)	(19	)	%	39		%
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	4,962,341			4,869,161			4,809,235			4,730,698			4,611,302			2		%	8		%
Total liabilities and equity	$	41,940,901		$	41,243,007		$	40,883,192		$	40,302,528		$	40,077,033		2		%	5		%

NM - Not meaningful *Amount is less than one percent.

(a) In 3Q19, FHN reclassified approximately $410 million of regional banking market investor CRE loans from the C&I portfolio to the CRE portfolio. The reclassification did not have an impact on FHN’s consolidated balance sheet and the impact to the consolidated financial statements from the effect on the allowance for loan losses is immaterial. No adjustments were made to prior periods as the impact of the reclassification, including the effect on the allowance for loan losses was deemed to be immaterial in all periods.

(b) Includes loans on nonaccrual status.

(c) 3Q19 includes $368.9 million of SBA and USDA loans, $80.7 million of mortgage loans, and $5.7 million of other consumer loans.

(d) Includes excess balances held at Fed.

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

(f) 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.

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

(h) Consists of preferred stock of subsidiaries.

10

FHN CONSOLIDATED NET INTEREST INCOME (a)

Quarterly, Unaudited 

																3Q19 Changes vs.
(Thousands)	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19			3Q18
Interest Income:
Loans, net of unearned income (b)	$	357,724		$	354,067		$	334,167		$	333,935		$	333,088		1		%	7		%
Loans held-for-sale	6,069			8,128			9,877			11,759			9,977			(25	)	%	(39	)	%
Investment securities:
U.S. government agencies	26,322			29,075			30,107			30,744			31,106			(9	)	%	(15	)	%
States and municipalities	431			347			362			300			129			24		%	NM
Corporate bonds	593			713			712			716			714			(17	)	%	(17	)	%
Other	1,634			1,278			895			955			592			28		%	NM
Total investment securities	28,980			31,413			32,076			32,715			32,541			(8	)	%	(11	)	%
Trading securities	10,645			13,332			13,712			15,533			14,305			(20	)	%	(26	)	%
Other earning assets:
Federal funds sold	141			326			733			304			273			(57	)	%	(48	)	%
Securities purchased under agreements to resell	2,800			3,301			2,336			3,197			3,510			(15	)	%	(20	)	%
Interest-bearing cash	2,700			3,689			10,209			5,884			2,257			(27	)	%	20		%
Total other earning assets	5,641			7,316			13,278			9,385			6,040			(23	)	%	(7	)	%
Interest income	$	409,059		$	414,256		$	403,110		$	403,327		$	395,951		(1	)	%	3		%
Interest Expense:
Interest-bearing deposits:
Consumer interest	$	26,670		$	25,666		$	24,641		$	21,607		$	17,968		4		%	48		%
Commercial interest	28,112			29,927			28,153			22,706			18,302			(6	)	%	54		%
Market-indexed (c)	23,809			23,409			29,416			29,366			22,820			2		%	4		%
Total interest-bearing deposits	78,591			79,002			82,210			73,679			59,090			(1	)	%	33		%
Federal funds purchased	4,898			3,142			2,287			1,933			2,355			56		%	NM
Securities sold under agreements to repurchase	3,301			3,580			3,496			3,329			2,780			(8	)	%	19		%
Trading liabilities	2,943			3,756			2,816			4,320			5,125			(22	)	%	(43	)	%
Other short-term borrowings	3,333			4,316			961			1,571			4,627			(23	)	%	(28	)	%
Term borrowings	13,752			14,683			14,337			13,842			13,992			(6	)	%	(2	)	%
Interest expense	106,818			108,479			106,107			98,674			87,969			(2	)	%	21		%
Net interest income - tax equivalent basis	302,241			305,777			297,003			304,653			307,982			(1	)	%	(2	)	%
Fully taxable equivalent adjustment	(1,565		)	(2,167		)	(2,495		)	(2,141		)	(2,282		)	28		%	31		%
Net interest income	$	300,676		$	303,610		$	294,508		$	302,512		$	305,700		(1	)	%	(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) 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 

	3Q19		2Q19		1Q19		4Q18		3Q18
Assets:
Earning assets (a)
Loans, net of unearned income (b)
Commercial loans	4.78	%	5.05	%	5.08	%	5.00	%	4.95	%
Consumer loans	4.55		4.65		4.59		4.54		4.51
Total loans, net of unearned income (c)	4.73		4.95		4.96		4.88		4.84
Loans held-for-sale	5.33		5.36		5.89		6.58		5.49
Investment securities:
U.S. government agencies	2.45		2.61		2.68		2.74		2.71
States and municipalities	3.51		3.31		4.33		4.36		3.60
Corporate bonds	4.71		4.41		4.37		4.40		4.36
Other	34.52		34.73		34.56		33.16		31.97
Total investment securities	2.63		2.74		2.79		2.85		2.78
Trading securities	3.06		3.41		3.80		3.80		3.81
Other earning assets:
Federal funds sold	2.64		2.74		2.63		2.76		2.50
Securities purchased under agreements to resell	2.02		2.23		2.21		2.08		1.82
Interest-bearing cash	1.96		2.28		2.41		2.17		1.84
Total other earning assets	2.00		2.27		2.38		2.16		1.85
Interest income/total earning assets	4.35	%	4.52	%	4.49	%	4.47	%	4.43	%
Liabilities:
Interest-bearing liabilities:
Interest-bearing deposits:
Consumer interest	0.77	%	0.76	%	0.75	%	0.66	%	0.56	%
Commercial interest	1.76		1.82		1.74		1.53		1.30
Market-indexed (d)	2.28		2.46		2.52		2.35		2.02
Total interest-bearing deposits	1.29		1.32		1.35		1.23		1.03
Federal funds purchased	2.19		2.43		2.50		2.30		2.05
Securities sold under agreements to repurchase	1.81		2.08		2.06		1.86		1.53
Trading liabilities	2.33		2.75		3.04		3.15		2.90
Other short-term borrowings	2.47		2.66		3.40		2.55		2.13
Term borrowings (e)	4.64		4.96		4.89		4.72		4.53
Interest expense/total interest-bearing liabilities	1.52		1.58		1.57		1.46		1.31
Net interest spread	2.83	%	2.94	%	2.92	%	3.01	%	3.12	%
Effect of interest-free sources used to fund earning assets	0.38		0.40		0.39		0.37		0.32
Net interest margin	3.21	%	3.34	%	3.31	%	3.38	%	3.44	%
Total loan yield	4.73	%	4.95	%	4.96	%	4.88	%	4.84	%
Total deposit cost	0.96	%	0.99	%	1.03	%	0.92	%	0.76	%

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 

																3Q19 Changes vs.
(Dollars and shares in thousands)	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19		3Q18
Common equity tier 1 capital (a) (b) (c)	$	3,326,059		$	3,270,484		$	3,239,249		$	3,223,702		$	3,252,825		2	%	2		%
Tier 1 capital (a) (b) (c)	3,679,398			3,620,001			3,583,577			3,565,373			3,589,565			2	%	3		%
Total capital (a) (c)	4,065,306			4,009,116			3,963,901			3,940,117			3,973,141			1	%	2		%
Risk-weighted assets (“RWA”) (a) (b)	36,989,100			35,341,740			33,656,950			33,002,595			33,041,617			5	%	12		%
Average assets for leverage (a) (b)	40,660,443			40,022,187			39,717,387			39,221,755			38,962,431			2	%	4		%
Common equity tier 1 ratio (a) (b) (c)	8.99		%	9.25		%	9.62		%	9.77		%	9.84		%
Tier 1 ratio (a) (b) (c)	9.95		%	10.24		%	10.65		%	10.80		%	10.86		%
Total capital ratio (a) (c)	10.99		%	11.34		%	11.78		%	11.94		%	12.02		%
Leverage ratio (a) (b)	9.05		%	9.04		%	9.02		%	9.09		%	9.21		%
Total equity to total assets (c)	11.43		%	11.68		%	11.79		%	11.72		%	11.67		%
Tangible common equity/tangible assets (“TCE/TA”) (c) (d)	7.20		%	7.29		%	7.27		%	7.15		%	7.12		%
Period-end shares outstanding (e)	311,180			312,478			315,361			318,573			323,943			*		(4	)	%
Cash dividends declared per common share	$	0.14		$	0.14		$	0.14		$	0.12		$	0.12		*		17		%
Book value per common share (c)	$	14.80		$	14.51		$	14.13		$	13.79		$	13.43		2	%	10		%
Tangible book value per common share (c) (d)	$	9.76		$	9.47		$	9.11		$	8.81		$	8.58		3	%	14		%
Market capitalization (millions)	$	5,041.1		$	4,665.3		$	4,408.7		$	4,192.4		$	5,591.3		8	%	(10	)	%

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) Decreases largely attributable to shares repurchased under share repurchase programs.

13

FHN BUSINESS SEGMENT HIGHLIGHTS

Quarterly, Unaudited 

																3Q19 Changes vs.
(Thousands)	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19			3Q18
Regional Banking
Net interest income	$	302,370		$	297,339		$	285,913		$	298,288		$	301,099		2		%	*
Noninterest income (a)	85,776			81,475			73,030			70,003			80,705			5		%	6		%
Total revenues	388,146			378,814			358,943			368,291			381,804			2		%	2		%
Provision for loan losses	20,472			17,775			13,443			8,488			7,205			15		%	NM
Noninterest expense	193,211			193,268			199,468			206,001			207,549			*			(7	)	%
Income before income taxes	174,463			167,771			146,032			153,802			167,050			4		%	4		%
Provision for income taxes	41,762			39,507			33,860			36,077			39,195			6		%	7		%
Net income	$	132,701		$	128,264		$	112,172		$	117,725		$	127,855		3		%	4		%
Fixed Income
Net interest income	$	5,309		$	6,171		$	7,331		$	9,011		$	9,054		(14	)	%	(41	)	%
Noninterest income	77,809			65,622			53,807			39,678			41,124			19		%	89		%
Total revenues	83,118			71,793			61,138			48,689			50,178			16		%	66		%
Noninterest expense (b)	67,787			55,770			50,774			46,516			46,561			22		%	46		%
Income before income taxes	15,331			16,023			10,364			2,173			3,617			(4	)	%	NM
Provision/(benefit) for income taxes	3,656			3,781			2,397			408			719			(3	)	%	NM
Net income	$	11,675		$	12,242		$	7,967		$	1,765		$	2,898		(5	)	%	NM
Corporate
Net interest income/(expense)	$	(13,225	)	$	(7,034	)	$	(7,803	)	$	(15,356	)	$	(15,462	)	(88	)	%	14		%
Noninterest income (c)	7,359			9,400			13,352			(1,411		)	222,620			(22	)	%	(97	)	%
Total revenues	(5,866		)	2,366			5,549			(16,767		)	207,158			NM			NM
Noninterest expense (d)	41,993			55,500			40,374			23,144			33,561			(24	)	%	25		%
Income/(loss) before income taxes	(47,859		)	(53,134		)	(34,825		)	(39,911		)	173,597			10		%	NM
Provision/ (benefit) for income taxes (e)	(11,550		)	(13,159		)	(11,396		)	(14,608		)	40,458			12		%	NM
Net income/(loss)	$	(36,309	)	$	(39,975	)	$	(23,429	)	$	(25,303	)	$	133,139		9		%	NM
Non-Strategic
Net interest income	$	6,222		$	7,134		$	9,067		$	10,569		$	11,009		(13	)	%	(43	)	%
Noninterest income (f)	791			1,496			856			2,004			4,523			(47	)	%	(83	)	%
Total revenues	7,013			8,630			9,923			12,573			15,532			(19	)	%	(55	)	%
Provision/(provision credit) for loan losses	(5,472		)	(4,775		)	(4,443		)	(2,488		)	(5,205		)	(15	)	%	(5	)	%
Noninterest expense (g)	4,681			(4,144		)	5,474			6,271			6,360			NM			(26	)	%
Income before income taxes	7,804			17,549			8,892			8,790			14,377			(56	)	%	(46	)	%
Provision for income taxes	1,928			4,338			2,197			2,172			3,553			(56	)	%	(46	)	%
Net income	$	5,876		$	13,211		$	6,695		$	6,618		$	10,824		(56	)	%	(46	)	%
Total Consolidated
Net interest income	$	300,676		$	303,610		$	294,508		$	302,512		$	305,700		(1	)	%	(2	)	%
Noninterest income	171,735			157,993			141,045			110,274			348,972			9		%	(51	)	%
Total revenues	472,411			461,603			435,553			412,786			654,672			2		%	(28	)	%
Provision/(provision credit) for loan losses	15,000			13,000			9,000			6,000			2,000			15		%	NM
Noninterest expense	307,672			300,394			296,090			281,932			294,031			2		%	5		%
Income before income taxes	149,739			148,209			130,463			124,854			358,641			1		%	(58	)	%
Provision for income taxes	35,796			34,467			27,058			24,049			83,925			4		%	(57	)	%
Net income	$	113,943		$	113,742		$	103,405		$	100,805		$	274,716		*			(59	)	%

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

NM - Not meaningful

* Amount is less than one percent.

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

(b) 3Q19 includes a $7.5 million unfavorable adjustment associated with the net impact of the resolution of legal matters.

(c) 1Q19 and 4Q18 include $6.2 million and $(7.1) million of deferred compensation income driven by equity market valuations; 1Q19 includes 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.

(d) Refer to the Acquisition, Restructuring, and Rebranding expense tables on page 8 for additional information about variability in quarterly balances; 3Q19 includes $4.0 million of valuation adjustments associated with derivatives related to prior sales of Visa Class B shares.

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

(f) 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.

(g) 2Q19 includes an $8.3 million expense reversal related to the resolution of legal matters.

14

FHN REGIONAL BANKING

Quarterly, Unaudited 

												3Q19 Changes vs.
	3Q19		2Q19		1Q19		4Q18			3Q18		2Q19			3Q18
Income Statement (thousands)
Net interest income	$	302,370	$	297,339	$	285,913	$	298,288		$	301,099	2		%	*
Provision for loan losses	20,472		17,775		13,443		8,488			7,205		15		%	NM
Noninterest income:
NSF / Overdraft fees (a)	13,699		12,347		11,579		14,128			13,583		11		%	1		%
Cash management fees	9,561		8,026		8,857		9,073			9,237		19		%	4		%
Debit card income (b)	4,749		4,960		5,372		(3,142		)	7,811		(4	)	%	(39	)	%
Other	4,574		5,275		4,195		3,554			3,357		(13	)	%	36		%
Total deposit transactions and cash management	32,583		30,608		30,003		23,613			33,988		6		%	(4	)	%
Brokerage, management fees and commissions	14,156		14,118		12,630		13,377			14,199		*			*
Trust services and investment management	7,190		7,902		7,056		6,961			7,453		(9	)	%	(4	)	%
Bankcard income	7,028		6,594		7,039		7,738			7,866		7		%	(11	)	%
Other service charges	5,650		5,460		3,711		3,255			3,447		3		%	64		%
Miscellaneous revenue (c)	19,169		16,793		12,591		15,059			13,752		14		%	39		%
Total noninterest income	85,776		81,475		73,030		70,003			80,705		5		%	6		%
Noninterest expense:
Employee compensation, incentives, and benefits	73,713		76,752		81,796		82,304			81,140		(4	)	%	(9	)	%
Other (d)	119,498		116,516		117,672		123,697			126,409		3		%	(5	)	%
Total noninterest expense	193,211		193,268		199,468		206,001			207,549		*			(7	)	%
Income before income taxes	$	174,463	$	167,771	$	146,032	$	153,802		$	167,050	4		%	4		%
PPNR (e)	194,935		185,546		159,475		162,290			174,255		5		%	12		%
Balance Sheet (millions)
Average loans	$	28,958	$	27,533	$	26,107	$	25,877		$	25,964	5		%	12		%
Average other earning assets	47		47		39		41			60		*			(22	)	%
Total average earning assets	29,005		27,580		26,146		25,918			26,024		5		%	11		%
Total average deposits	30,044		29,954		29,590		28,316			27,565		*			9		%
Total period-end deposits	30,060		30,272		30,354		29,344			27,726		(1	)	%	8		%
Total period-end assets	33,157		31,340		29,544		29,126			28,739		6		%	15		%
Key Statistics
Return on average assets (quarters are annualized) (f)	1.66%		1.70%		1.58%		1.64%			1.78%
Return on allocated equity (f) (g)	17.53%		17.38%		15.54%		15.86%			16.90%
Fee income to total revenue (f)	22.10%		21.51%		20.35%		19.01%			21.14%
Efficiency ratio (f)	49.78%		51.02%		55.57%		55.93%			54.36%
Net interest margin (h)	4.16%		4.35%		4.47%		4.60%			4.62%
Net interest spread	3.82%		3.99%		3.98%		4.04%			4.08%
Loan average yield	4.68%		4.88%		4.86%		4.78%			4.69%
Deposit average rate	0.86%		0.89%		0.88%		0.74%			0.61%
Regional banking net charge-offs/(recoveries)	$	17,074	$	7,841	$	5,540	$	12,597		$	3,693	NM			NM
Financial center locations (i)	270		292		292		292			292		(8	)	%	(8	)	%

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) 3Q19 and 2Q19 increase due in large part to higher fees from derivative sales.

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

(e) 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.

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

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

(h) 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.

(i) 3Q19 decrease driven by restructuring, repositioning, and efficiency initiatives.

15

FHN FIXED INCOME

Quarterly, Unaudited

																3Q19 Changes vs.
	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19			3Q18
Income Statement (thousands)
Net interest income	$	5,309		$	6,171		$	7,331		$	9,011		$	9,054		(14	)	%	(41	)	%
Noninterest income:
Fixed income product revenue	63,646			54,533			44,472			30,028			34,268			17		%	86		%
Other	14,163			11,089			9,335			9,650			6,856			28		%	NM
Total noninterest income	77,809			65,622			53,807			39,678			41,124			19		%	89		%
Noninterest expense (a)	67,787			55,770			50,774			46,516			46,561			22		%	46		%
Income before income taxes	$	15,331		$	16,023		$	10,364		$	2,173		$	3,617		(4	)	%	NM
Fixed income product average daily revenue	$	994		$	866		$	729		$	492		$	544		15		%	83		%
Balance Sheet (millions)
Average trading inventory	$	1,390		$	1,563		$	1,443		$	1,633		$	1,500		(11	)	%	(7	)	%
Average loans held-for-sale	367			528			571			608			617			(30	)	%	(41	)	%
Average other earning assets	709			670			491			675			826			6		%	(14	)	%
Total average earning assets	2,466			2,761			2,505			2,916			2,943			(11	)	%	(16	)	%
Total period-end assets	3,323			3,233			3,094			2,789			3,742			3		%	(11	)	%
Key Statistics
Return on average assets (b)	1.61		%	1.57		%	1.13		%	0.22		%	0.35		%
Return on allocated equity (b) (c)	23.30		%	24.29		%	16.20		%	3.38		%	5.47		%
Efficiency ratio (b)	81.56		%	77.68		%	83.05		%	95.54		%	92.79		%
Net interest margin (d)	0.88		%	0.92		%	1.19		%	1.26		%	1.26		%

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

NM - Not meaningful

(a) 3Q19 includes a $7.5 million unfavorable adjustment associated with the net impact of the resolution of legal matters.

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

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

(d) 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

																3Q19 Changes vs.
	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19			3Q18
Income Statement (thousands)
Net interest income/(expense)	$	(13,225	)	$	(7,034	)	$	(7,803	)	$	(15,356	)	$	(15,462	)	(88	)	%	14		%
Noninterest income excluding securities gains/(losses) (a)	7,262			9,351			13,321			(1,383		)	9,762			(22	)	%	(26	)	%
Securities gains/(losses), net (b)	97			49			31			(28		)	212,858			99		%	NM
Noninterest expense (c)	41,993			55,500			40,374			23,144			33,561			(24	)	%	25		%
Income/(loss) before income taxes	$	(47,859	)	$	(53,134	)	$	(34,825	)	$	(39,911	)	$	173,597		10		%	NM
Average Balance Sheet (millions)
Average investment securities	$	4,389		$	4,568		$	4,594		$	4,582		$	4,675		(4	)	%	(6	)	%
Total earning assets	$	4,916		$	5,295		$	6,463		$	5,732		$	5,213		(7	)	%	(6	)	%
Deferred Compensation (thousands)
Other Income	$	471		$	1,938		$	5,474		$	(6,124	)	$	1,458		(76	)	%	(68	)	%
Employee compensation, incentives, and benefits	$	567		$	2,150		$	6,221		$	(6,983	)	$	1,968		(74	)	%	(71	)	%

Estimated effective duration of securities portfolio 2.4 years in 3Q19 compared to 2.8 years in 2Q19

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

NM - Not Meaningful

* Amount is less than one percent.

(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; 3Q19 and 3Q18 include $1.0 million and $.8 million, respectively, 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; 3Q19 includes $4.0 million of valuation adjustments associated with derivatives related to prior sales of Visa Class B shares.

16

FHN NON-STRATEGIC

Quarterly, Unaudited

																3Q19 Changes vs.
	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19			3Q18
Income Statement (thousands)
Net interest income	$	6,222		$	7,134		$	9,067		$	10,569		$	11,009		(13	)	%	(43	)	%
Provision/(provision credit) for loan losses	(5,472		)	(4,775		)	(4,443		)	(2,488		)	(5,205		)	(15	)	%	(5	)	%
Noninterest income (a)	791			1,496			856			2,004			4,523			(47	)	%	(83	)	%
Noninterest expense (b)	4,681			(4,144		)	5,474			6,271			6,360			NM			(26	)	%
Income before income taxes	$	7,804		$	17,549		$	8,892		$	8,790		$	14,377		(56	)	%	(46	)	%
Average Balance Sheet (millions)
Loans	$	935		$	1,011		$	1,087		$	1,161		$	1,272		(8	)	%	(26	)	%
Other assets	66			77			88			98			100			(14	)	%	(34	)	%
Total assets	1,001			1,088			1,175			1,259			1,372			(8	)	%	(27	)	%
Key Statistics
Return on average assets (c)	2.33		%	4.87		%	2.31		%	2.09		%	3.13		%
Return on allocated equity (c) (d)	31.56		%	64.04		%	25.49		%	22.06		%	28.23		%
Fee income to total revenue (c)	11.28		%	17.33		%	8.63		%	15.94		%	29.12		%
Efficiency ratio (c)	66.75		%	NM			55.16		%	49.88		%	40.95		%
Net interest margin (e)	2.47		%	2.65		%	3.11		%	3.35		%	3.19		%
Net charge-offs/(recoveries)	$	(2,474	)	$	(2,679	)	$	(1,027	)	$	(1,062	)	$	(2,190	)	8		%	(13	)	%

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 

																					3Q19 Changes vs.
(Dollars in thousands)	3Q19				2Q19				1Q19				4Q18				3Q18				2Q19	3Q18
Allowance for Loan Losses Walk-Forward
Beginning reserve	$	192,749			$	184,911			$	180,424			$	185,959			$	185,462			4%	4%
Provision/(provision credit) for loan losses	15,000				13,000				9,000				6,000				2,000				NM	NM
Charge-offs	(24,337			)	(12,223			)	(10,527			)	(17,824			)	(9,482			)	(99)%	NM
Recoveries	9,737				7,061				6,014				6,289				7,979				38%	22%
Ending balance	$	193,149			$	192,749			$	184,911			$	180,424			$	185,959			*	4%
Reserve for unfunded commitments	6,890				7,524				8,014				7,618				7,581				(8)%	(9)%
Total allowance for loan losses plus reserve for unfunded commitments	$	200,039			$	200,273			$	192,925			$	188,042			$	193,540			*	3%
Allowance for Loan Losses (a)
Regional Banking	$	174,246			$	170,849			$	160,914			$	153,015			$	157,126			2%	11%
Non-Strategic	18,903				21,900				23,997				27,409				28,833				(14)%	(34)%
Total allowance for loan losses	$	193,149			$	192,749			$	184,911			$	180,424			$	185,959			*	4%
Nonperforming Assets
Regional Banking
Nonperforming loans (b)	$	118,506			$	145,265			$	115,977			$	79,339			$	76,145			(18)%	56%
OREO	13,408				13,251				16,698				18,535				20,571				1%	(35)%
Total Regional Banking	$	131,914			$	158,516			$	132,675			$	97,874			$	96,716			(17)%	36%
Non-Strategic
Nonperforming loans	$	52,346			$	57,654			$	63,960			$	66,703			$	68,485			(9)%	(24)%
Nonperforming loans held-for-sale after fair value adjustments	4,199				4,514				5,219				5,328				5,675				(7)%	(26)%
OREO	4,408				3,342				3,978				3,852				5,155				32%	(14)%
Total Non-Strategic	$	60,953			$	65,510			$	73,157			$	75,883			$	79,315			(7)%	(23)%
Corporate
Nonperforming loans	$	1,643			$	1,667			$	1,687			$	1,707			$	1,727			(1)%	(5)%
Total nonperforming assets	$	194,510			$	225,693			$	207,519			$	175,464			$	177,758			(14)%	9%
Net Charge-Offs
Regional Banking	$	17,074			$	7,841			$	5,540			$	12,597			$	3,693			NM	NM
Non-Strategic	(2,474			)	(2,679			)	(1,027			)	(1,062			)	(2,190			)	8%	(13)%
Total net charge-offs/(recoveries)	$	14,600			$	5,162			$	4,513			$	11,535			$	1,503			NM	NM
Consolidated Key Ratios (c)
30+ Delinq. % (d)	0.23		%		0.20		%		0.23		%		0.27		%		0.35		%
NPL % (e)	0.55				0.69				0.65				0.54				0.54
NPA %	0.61				0.74				0.72				0.62				0.63
Net charge-offs % (f)	0.19				0.07				0.07				0.17				0.02
Allowance / loans %	0.62				0.65				0.66				0.66				0.68
Allowance / NPL	1.12		x		0.94		x		1.02		x		1.22		x		1.27		x
Allowance / NPA	1.01		x		0.87		x		0.91		x		1.06		x		1.08		x
Allowance / net charge-offs	3.33		x		9.31		x		10.10		x		3.94		x		31.20		x
Other
Loans past due 90 days or more and still accruing (g)	$	27,182			$	28,663			$	30,896			$	39,992			$	49,352			(5)%	(45)%
Guaranteed portion (g)	6,028				5,628				5,725				7,237				7,772				7%	(22)%
Period-end loans, net of unearned income (millions)	31,261				29,713				27,990				27,536				27,350				5%	14%
30+ delinquencies (thousands)	$	70,675			$	58,861			$	63,693			$	75,164			$	95,092			20%	(26)%

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) 3Q19 decrease in nonperforming loans was primarily driven by one mortgage warehouse lending relationship that converted to the underlying collateral.

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

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

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

(f) 3Q19 increase in charge-offs as a percentage of loans was primarily driven by two credits; 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 

																3Q19 Changes vs.
	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19	3Q18
Key Portfolio Details
C&I (a)
Period-end loans ($ millions)	$	20,294		$	19,054		$	17,176		$	16,515		$	16,044		7%	26%
30+ Delinq. % (b) (c)	0.11		%	0.05		%	0.07		%	0.06		%	0.15		%
NPL % (d)	0.38			0.56			0.44			0.24			0.26
Charge-offs % (qtr. annualized) (e)	0.32			0.14			0.06			0.20			0.01
Allowance / loans %	0.56		%	0.61		%	0.60		%	0.60		%	0.63		%
Allowance / net charge-offs	1.87		x	4.77		x	11.26		x	3.06		x	74.66		x
Commercial Real Estate (a)
Period-end loans ($ millions)	$	4,229		$	3,861		$	3,947		$	4,031		$	4,237		10%	*
30+ Delinq. % (b) (f)	0.04		%	0.07		%	0.04		%	0.06		%	0.20		%
NPL %	0.05			0.07			0.07			0.07			0.02
Charge-offs % (qtr. annualized)	0.02			0.02			0.04			0.05			NM
Allowance / loans %	0.84		%	0.85		%	0.87		%	0.78		%	0.80		%
Allowance / net charge-offs	47.70			39.25		x	22.50		x	15.45		x	NM
Consumer Real Estate
Period-end loans ($ millions)	$	6,063		$	6,110		$	6,152		$	6,250		$	6,301		(1)%	(4)%
30+ Delinq. % (b)	0.59		%	0.62		%	0.66		%	0.74		%	0.73		%
NPL %	1.31			1.25			1.34			1.32			1.27
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			NM
Allowance / loans %	0.36		%	0.37		%	0.39		%	0.42		%	0.46		%
Allowance / net charge-offs	NM			NM			NM			NM			NM
Permanent Mortgage
Period-end loans ($ millions)	$	182		$	193		$	209		$	222		$	237		(6)%	(23)%
30+ Delinq. % (b) (g)	3.83		%	2.22		%	1.95		%	3.21		%	3.56		%
NPL %	7.83			9.28			10.01			9.76			9.41
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			NM
Allowance / loans %	4.84		%	4.49		%	4.82		%	4.95		%	4.68		%
Allowance / net charge-offs	NM			NM			NM			NM			NM
Credit Card and Other
Period-end loans ($ millions)	$	493		$	495		$	506		$	518		$	531		*	(7)%
30+ Delinq. % (b)	0.94		%	1.06		%	1.20		%	1.63		%	1.64		%
NPL %	0.07			0.09			0.09			0.12			0.13
Charge-offs % (qtr. annualized)	2.10			2.17			2.44			3.32			3.32
Allowance / loans %	2.58		%	2.46		%	2.50		%	2.46		%	2.21		%
Allowance / net charge-offs	1.21		x	1.13		x	1.01		x	0.73		x	0.66		x

NM - Not meaningful

(a) In 3Q19, FHN reclassified approximately $410 million of regional banking market investor CRE loans from the C&I portfolio to the CRE portfolio. The reclassification did not have an impact on FHN’s consolidated balance sheet and the impact to the consolidated financial statements from the effect on the allowance for loan losses is immaterial. No adjustments were made to prior periods as the impact of the reclassification, including the effect on the allowance for loan losses was deemed to be immaterial in all periods.

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

(c) 3Q19 increase in delinquencies as a percentages of total loans was primarily driven by one credit.

(d) 2Q19 increase in NPLs as a percentage of total loans was primarily driven by one credit; 1Q19 increase in NPLs as a percentages of total loans was primarily driven by three credits.

(e) 3Q19 increase in charge-offs as a percentage of loans was primarily driven by two credits; 2Q19 increase in charge-offs as a percentage of total loans was primarily driven by one credit; 4Q18 increase in charge-offs as a percentage of loans was primarily driven by two credits;

(f) 3Q18 delinquencies were primarily driven by two credits.

(g) 3Q19 increase in delinquencies as a percentage of total loans was primarily driven by two credits.

19

FHN ASSET QUALITY: REGIONAL BANKING

Quarterly, Unaudited 

																3Q19 Changes vs.
	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19	3Q18
Total Regional Banking (a)
Period-end loans ($ millions)	$	30,345		$	28,711		$	26,898		$	26,385		$	26,082		6%	16%
30+ Delinq. % (c) (d)	0.18		%	0.15		%	0.17		%	0.19		%	0.26		%
NPL % (e)	0.39			0.51			0.43			0.30			0.29
Charge-offs % (qtr. annualized) (f)	0.23			0.11			0.09			0.19			0.06
Allowance / loans %	0.57		%	0.60		%	0.60		%	0.58		%	0.60		%
Allowance / net charge-offs	2.57		x	5.43		x	7.16		x	3.06		x	10.73		x
Key Portfolio Details
C&I (a) (b)
Period-end loans ($ millions)	$	19,962		$	18,710		$	16,812		$	16,149		$	15,671		7%	27%
30+ Delinq. % (c) (d)	0.11		%	0.05		%	0.06		%	0.06		%	0.15		%
NPL % (e)	0.37			0.56			0.43			0.23			0.25
Charge-offs % (qtr. annualized) (f)	0.33			0.14			0.06			0.21			0.01
Allowance / loans %	0.57		%	0.61		%	0.61		%	0.60		%	0.63		%
Allowance / net charge-offs	1.87		x	4.73		x	10.98		x	3.01		x	71.90
Commercial Real Estate (a) (b)
Period-end loans ($ millions)	$	4,172		$	3,787		$	3,867		$	3,955		$	4,120		10%	1%
30+ Delinq. % (c) (g)	0.04		%	0.07		%	0.04		%	0.06		%	0.21		%
NPL %	0.05			0.07			0.07			0.08			0.02
Charge-offs % (qtr. annualized)	0.02			0.02			0.04			0.05			NM
Allowance / loans %	0.79		%	0.77		%	0.80		%	0.71		%	0.73		%
Allowance / net charge-offs	43.95			34.79			20.16			13.63			NM
Consumer Real Estate (a)
Period-end loans ($ millions)	$	5,759		$	5,773		$	5,780		$	5,845		$	5,859		*	(2)%
30+ Delinq. % (c)	0.48		%	0.50		%	0.52		%	0.58		%	0.56		%
NPL %	0.74			0.66			0.71			0.67			0.61
Charge-offs % (qtr. annualized)	NM			NM			0.04			0.07			0.03
Allowance / loans %	0.26		%	0.25		%	0.26		%	0.25		%	0.28		%
Allowance / net charge-offs	NM			NM			6.17		x	3.38			10.63
Credit Card, Permanent Mortgage, and Other
Period-end loans ($ millions)	$	452		$	441		$	439		$	436		$	432		2%	5%
30+ Delinq. % (c)	0.69		%	0.72		%	0.74		%	0.95		%	0.80		%
NPL %	0.05			0.06			0.08			0.09			0.08
Charge-offs % (qtr. annualized)	2.00			1.82			2.08			2.55			2.98
Allowance / loans %	2.82		%	2.76		%	2.87		%	2.90		%	2.64		%
Allowance / net charge-offs	1.41		x	1.52		x	1.38		x	1.13		x	0.90		x
ASSET QUALITY: CORPORATE
Permanent Mortgage
Period-end loans ($ millions)	$	34		$	35		$	38		$	39		$	42		(3)%	(19)%
30+ Delinq. % (c)	5.00		%	4.03		%	4.54		%	4.37		%	4.21		%
NPL %	4.90			4.79			4.49			4.35			4.12
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 2Q19, the HBF portfolio was retrospectively reclassed through 2Q18 from the Regional Banking segment to the Non-Strategic segment.

(b) In 3Q19, FHN reclassified approximately $410 million of regional banking market investor CRE loans from the C&I portfolio to the CRE portfolio. The reclassification did not have an impact on FHN’s consolidated balance sheet and the impact to the consolidated financial statements from the effect on the allowance for loan losses is immaterial. No adjustments were made to prior periods as the impact of the reclassification, including the effect on the allowance for loan losses was deemed to be immaterial in all periods.

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

(d) 3Q19 increase in delinquencies as a percentage of total loans was primarily driven by one credit.

(e) 2Q19 increase in NPLs as a percentage of total loans was primarily driven by one credit; 1Q19 increase in NPLs as a percentage of total loans was primarily driven by three credits.

(f) 3Q19 increase in charge-offs as a percentage of loans was primarily driven by two credits; 2Q19 increase in charge-offs as a percentage of total loans was primarily driven by one credit; 4Q18 increase in charge-offs as a percentage of loans was primarily driven by two credits.

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

20

FHN ASSET QUALITY: NON-STRATEGIC

Quarterly, Unaudited 

																3Q19 Changes vs.
	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19	3Q18
Total Non-Strategic (a)
Period-end loans ($ millions)	$	882		$	967		$	1,054		$	1,112		$	1,226		(9)%	(28)%
30+ Delinq. % (b)	1.67		%	1.42		%	1.63		%	2.15		%	2.08		%
NPL %	5.93			5.96			6.06			6.00			5.59
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			NM
Allowance / loans %	2.14		%	2.27		%	2.27		%	2.47		%	2.35		%
Allowance / net charge-offs	NM			NM			NM			NM			NM
Key Portfolio Details
Commercial (a)
Period-end loans ($ millions)	$	388		$	418		$	444		$	441		$	490		(7)%	(21)%
30+ Delinq. % (b)	—		%	—		%	0.38		%	0.39		%	—		%
NPL %	0.70			0.66			0.64			0.65			0.60
Charge-offs % (qtr. annualized)	—			0.02			NM			NM			NM
Allowance / loans %	0.77		%	1.20		%	1.10		%	0.99		%	1.02		%
Allowance / net charge-offs	NM			56.57			NM			NM			NM
Consumer Real Estate (a)
Period-end loans ($ millions)	$	304		$	337		$	372		$	405		$	442		(10)%	(31)%
30+ Delinq. % (b)	2.62		%	2.60		%	2.77		%	3.07		%	3.06		%
NPL %	12.14			11.40			11.25			10.76			10.08
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			NM
Allowance / loans %	2.33		%	2.44		%	2.41		%	2.95		%	2.81		%
Allowance / net charge-offs	NM			NM			NM			NM			NM
Permanent Mortgage
Period-end loans ($ millions)	$	145		$	155		$	168		$	179		$	191		(6)%	(24)%
30+ Delinq. % (b) (c)	3.50		%	1.67		%	1.14		%	2.87		%	3.31		%
NPL %	8.56			10.36			11.29			10.97			10.60
Charge-offs % (qtr. annualized)	NM			NM			NM			NM			NM
Allowance / loans %	6.05		%	5.57		%	5.96		%	6.10		%	5.76		%
Allowance / net charge-offs	NM			NM			NM			NM			NM
Other Consumer
Period-end loans ($ millions)	$	45		$	57		$	70		$	87		$	103		(21)%	(56)%
30+ Delinq. % (b)	3.78		%	4.21		%	4.61		%	5.35		%	5.47		%
NPL %	0.72			0.72			0.56			0.69			0.66
Charge-offs % (qtr. annualized)	2.84			4.41			4.35			6.77			4.47
Allowance / loans %	0.09		%	0.09		%	0.20		%	0.15		%	0.37		%
Allowance / net charge-offs	0.03		x	0.02		x	0.04		x	0.02			0.08

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

(c) 3Q19 increase in delinquencies as a percentage of total loans was primarily driven by two credits.

21

FHN NON-GAAP TO GAAP RECONCILIATION

Quarterly, Unaudited

(Dollars and shares in thousands, except per share data)	3Q19			2Q19			1Q19			4Q18			3Q18
Tangible Common Equity (Non-GAAP)
(A) Total equity (GAAP)	$	4,996,043		$	4,926,081		$	4,846,521		$	4,785,380		$	4,741,931
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	$	4,604,988		$	4,535,026		$	4,455,466		$	4,394,325		$	4,350,876
Less: Intangible assets (GAAP) (b)	1,569,193			1,575,399			1,581,605			1,587,821			1,571,317
(C) Tangible common equity (Non-GAAP)	$	3,035,795		$	2,959,627		$	2,873,861		$	2,806,504		$	2,779,559
Tangible Assets (Non-GAAP)
(D) Total assets (GAAP)	$	43,717,684		$	42,171,770		$	41,099,003		$	40,832,258		$	40,635,924
Less: Intangible assets (GAAP) (b)	1,569,193			1,575,399			1,581,605			1,587,821			1,571,317
(E) Tangible assets (Non-GAAP)	$	42,148,491		$	40,596,371		$	39,517,398		$	39,244,437		$	39,064,607
Average Tangible Common Equity (Non-GAAP)
(F) Average total equity (GAAP)	$	4,962,341		$	4,869,161		$	4,809,235		$	4,730,698		$	4,611,302
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	$	4,571,286		$	4,478,106		$	4,418,180		$	4,339,643		$	4,220,247
Less: Average intangible assets (GAAP) (b)	1,572,312			1,578,505			1,584,694			1,569,533			1,572,886
(H) Average tangible common equity (Non-GAAP)	$	2,998,974		$	2,899,601		$	2,833,486		$	2,770,110		$	2,647,361
Annualized Net Income/(loss) Available to Common Shareholders
(I) Net income /(loss) available to common shareholders (annualized) (GAAP)	$	434,469		$	438,562		$	401,642		$	382,238		$	1,072,318
Period-end Shares Outstanding
(J) Period-end shares outstanding	311,180			312,478			315,361			318,573			323,943
Ratios
(I)/(G) Return on average common equity (“ROCE”) (GAAP)	9.50		%	9.79		%	9.09		%	8.81		%	25.41		%
(I)/(H) Return on average tangible common equity (“ROTCE”) (Non-GAAP)	14.49		%	15.12		%	14.17		%	13.80		%	40.51		%
(A)/(D) Total equity to total assets (GAAP)	11.43		%	11.68		%	11.79		%	11.72		%	11.67		%
(C)/(E) Tangible common equity to tangible assets (“TCE/TA”) (Non-GAAP)	7.20		%	7.29		%	7.27		%	7.15		%	7.12		%
(B)/(J) Book value per common share (GAAP)	$	14.80		$	14.51		$	14.13		$	13.79		$	13.43
(C)/(J) Tangible book value per common share (Non-GAAP)	$	9.76		$	9.47		$	9.11		$	8.81		$	8.58

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

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

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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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