Second Quarter 2021 Earnings July 16, 2021

2 Disclaimer Non-GAAP Information Certain measures included in this document are “non-GAAP,” meaning they are not presented in accordance with generally accepted accounting principles in the U.S. and also are not codified in U.S. banking regulations currently applicable to FHN. FHN’s management believes such measures, even though not always comparable to non-GAAP measures used by other financial institutions, are relevant to understanding the financial condition, capital position, and financial results of FHN and its business segments. The non-GAAP measures presented in this document are listed, and are reconciled to the most comparable GAAP presentation, in the non-GAAP reconciliation table(s) appearing in the Appendix. In addition, presentation of regulatory measures, even those which are not GAAP, provide a meaningful base for comparability to other financial institutions subject to the same regulations as FHN. 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 document 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; and risk-weighted assets, which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios. Forward-Looking Statements This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements pertain to FHN's beliefs, plans, goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results, or other developments. Forward- looking statements can be identified by the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “should,” “is likely,” “will,” “going forward,” and other expressions that indicate future events and trends. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, operational, economic, and competitive uncertainties and contingencies, many of which are beyond FHN’s control, and many of which, with respect to future business decisions and actions (including acquisitions and divestitures), are subject to change and could cause FHN’s actual future results and outcomes to differ materially from those contemplated or implied by forward-looking statements or historical performance. Examples of uncertainties and contingencies include those mentioned: in this document; in Items 2.02 and 7.01 of FHN’s Current Report on Form 8-K to which this document has been filed as an exhibit; in the forepart, and in Items 1, 1A, and 7, of FHN’s most recent Annual Report on Form 10-K; and in the forepart, and in Item 1A of Part II, of FHN’s Quarterly Report(s) on Form 10-Q filed this year. FHN assumes no obligation to update or revise any forward-looking statements that are made in this document or in any other statement, release, report, or filing from time to time. Throughout this presentation, numbers may not foot due to rounding, references to EPS are fully diluted, 2Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases.

3 2Q21 GAAP financial summary1 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 2Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. Throughout this presentation references to NII, Total Revenue, Net Interest Margin and PPNR are presented on a fully taxable equivalent basis unless otherwise noted. Reported 2Q21 Change vs. $s in millions except per share data 2Q21 1Q21 4Q20 3Q20 2Q20 1Q21 2Q20 $/bps % $/bps % Net interest income $ 497 $ 508 $ 522 $ 532 $ 305 $ (11) (2) % $ 192 63 % Fee income 285 298 288 823 206 (13) (4) % 79 38 % Total revenue 781 806 810 1,355 512 (25) (3) % 269 53 % Expense 497 544 508 587 321 (47) (9) % 176 55 % Pre-provision net revenue (PPNR)¹ 284 262 302 768 191 22 8 % 93 49 % Provision for credit losses (115) (45) 1 227 121 (70) NM (236) NM Pre-tax income 399 307 301 541 69 92 30 % 330 NM Income tax expense 88 71 56 2 13 17 24 % 75 NM Net income 311 235 245 539 57 76 32 % 254 NM Non-controlling interest 3 3 3 3 3 — — % — 5 % Preferred dividends 13 8 8 13 2 5 63 % 11 NM Net income available to common shareholders (NIAC) $ 295 $ 225 $ 234 $ 523 $ 52 $ 70 31 % $ 243 NM $s in billions Avg loans $ 56.8 $ 58.2 $ 59.8 $ 60.1 $ 34.0 $ (1.4) (2) % $ 22.9 67 % Period-end loans $ 56.7 $ 58.6 $ 58.2 $ 59.7 $ 32.7 $ (1.9) (3) % $ 24.0 73 % Avg deposits $ 73.2 $ 71.0 $ 69.6 $ 67.1 $ 37.5 $ 2.2 3 % $ 35.6 95 % Period-end deposits $ 73.3 $ 73.2 $ 70.0 $ 68.4 $ 37.8 $ 0.1 — % $ 35.5 94 % Key performance metrics Net interest margin (NIM) 2.47 % 2.63 % 2.71 % 2.84 % 2.90 % (16) bps (43) bps Loan to deposit ratio (avg.) 77.7 % 82.0 % 85.9 % 89.6 % 90.5 % (434) bps (1,284) bps ROCE 15.5 % 12.0 % 12.5 % 28.5 % 4.5 % 344 bps 1,095 bps ROTCE 20.4 % 15.9 % 16.7 % 37.8 % 6.7 % 446 bps 1,362 bps ROA 1.4 % 1.1 % 1.2 % 2.6 % 0.5 % 30 bps 94 bps Efficiency ratio 63.7 % 67.5 % 62.7 % 43.3 % 62.7 % (386) bps 93 bps FTEs 8,145 8,284 8,466 8,121 5,006 (139) (2) % 3,139 63 % CET1 ratio 10.33 % 9.97 % 9.68 % 9.21 % 9.25 % 36 bps 108 bps Effective tax rate 22.0 % 23.2 % 18.7 % 0.4 % 18.4 % (121) bps 363 bps Per common share Diluted EPS $ 0.53 $ 0.40 $ 0.42 $ 0.95 $ 0.17 $ 0.13 32 % $ 0.36 NM Tangible book value per share $ 10.74 $ 10.30 $ 10.23 $ 9.92 $ 9.99 $ 0.44 4 % $ 0.75 8 % Avg. diluted shares outstanding 557 558 557 551 313 (1) — % 244 78 %

4 Table of contents 2Q21 overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 2Q21 notable items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 2Q21 adjusted financial highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 NII and NIM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Adjusted fee income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Adjusted expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Total loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Total funding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Asset quality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Allowance for credit losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Merger integration update . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 3Q21 and updated FY2021 outlook . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Key takeaways . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

5 Key Messages • More diversified business model performing as expected – Strong fee income results helping mitigate interest rate headwinds • Controlling what we can control while investing for the future – Results reflect resiliency of our balanced business model and continued strong execution • MOE delivering revenue synergies and expense efficiencies • Strong credit quality performance – Net recoveries of 7 bps, or $10 million, on a $56.8 billion portfolio • Delivering enhanced returns

6 Delivering solid PPNR in line with expectations More Diversified Model Performing as Expected Enhanced Returns Strong Credit Quality Capitalizing on MOE Benefits • Adjusted revenue of $787 million decreased 3% QoQ from strong 1Q21 levels given expected reductions in fixed income and mortgage banking fees and continued NII headwinds – NII down 2% QoQ and fee income down 3%; in line with expectations • Adjusted expense of $465 million remained relatively stable QoQ and reflects the benefit of incremental merger cost saves • Provision credit of $115 million; ACL of $890 million and ACL/NPL coverage of 2.59x • Adjusted ROTCE of 22.2%; Adjusted ROTCE of 16.0% before the impact of provision credit • TBVPS of $10.74 up 4% QoQ as robust net income was partially offset by impact of capital return • CET1 ratio of 10.33% increased 36 bps largely reflecting growth in retained earnings • Returned $141 million of capital to common shareholders including dividends and the repurchase of 3.1 million shares • Net recoveries of 7 bps improved from NCOs of 6 bps in 1Q21; NPLs of 61 bps vs. 67 bps in 1Q21 • ACL/Loans ratio of 1.85% excl. LMC/PPP portfolios; Total loss absorption capacity of 2.23% • Significant progress across key merger milestones – Expect to fully integrate systems in fall of 2021 • On track to deliver ~$200 million of targeted net cost saves – Achieved $92 million of annualized net cost saves in 2Q21 • ~$20 million of identified revenue synergies tied to commercial loans and mortgage/wealth 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 2Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. Throughout this presentation references to NII, Total Revenue, Net Interest Margin and PPNR are presented on a fully taxable equivalent basis unless otherwise noted. 2Q21 Adjusted EPS of $0.58 and PPNR of $321 million reflects benefit of more diversified business model and improved credit outlook1

7 2Q21 notable items1 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 2Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. Throughout this presentation references to NII, Total Revenue, Net Interest Margin and PPNR are presented on a fully taxable equivalent basis unless otherwise noted.2Merger accounting adjustment is non-taxable income. EPS computed based on approximately 557 million diluted shares. 3Includes pre-closing expenses incurred by IBKC. 2Q21 Total merger-related notable items 2Q21 Noninterest income: Merger accounting adjustment: other noninterest income2 $ 2 Total noninterest income 2 Noninterest expense: Salaries and benefits — Incentives and commissions (16) Total personnel expenses (16) Occupancy and equipment — Outside services (6) Amortization of intangible assets (1) Other noninterest expense (9) Total noninterest expense (32) Total net merger-related notable items $ (34) Tax impact of 2Q21 notable items 8 After-tax impact of 2Q21 notable items $ (26) EPS impact of 2Q21 notable items2 $ (0.05) IBKC Cumulative Pre-tax Integration Costs Cost to Date Targeted 4Q19 - 1Q213 Purchase Acct. 2Q21 Total 2H21 2022 Total $ 247 $ 100 $ 33 $ 380 $ 95 $ 25 $ 500 Notable Items ($s in millions, except per share data) 2Q21 results were reduced by $26 million after-tax, or $0.05 per share, of notable items • Pre-tax merger costs expected to total ~$500 million; up ~$40 million tied to increased systems upgrades and more branch closures than initially planned Systems Integration/Other Significant Upgrades (~66%) – Tied to significant product/capabilities enhancements; increased complexity and post- pandemic vendor and staffing constraints Real Estate Consolidation Costs (~33%) – Tied to accelerated branch closures and impact of higher impairment costs tied to mix of facilities • On track to deliver ~$200 million of net merger saves • TBV earnback remains at less than 2 years • TBV of $10.74 vs. $9.99 as of 6/30/20 prior to IBKC merger IBKC Estimated Pre-tax Merger Costs

8 • Adjusted EPS of $0.58 up 14% QoQ – Adjusted ROTCE of 22.2% and TBV per share of $10.74 • Adjusted revenue of $787 million decreased $21 million from 1Q21 • NII decreased $11 million, or 2% from 1Q21 – Core NII decreased $14 million largely as the impact of lower loan balances and short-term rates and spreads were partially offset by a reduction in deposit costs • Adjusted fee income decreased $10 million from strong 1Q21 levels • Adjusted expense of $465 million remained relatively stable with 1Q21 levels – Results reflect the benefit of a $4 million increase in merger cost saves • Provision credit of $115 million improved $70 million QoQ, largely reflecting the impact of an improved macroeconomic outlook, positive credit grade migration, and reduced loan balances 2Q21 adjusted financial highlights1 Adjusted FHN Adjusted FHN standalone 2Q21 Change vs. $s in millions except per share data 2Q21 1Q21 2Q20 1Q21 2Q20 $/bps % $/bps % Net Interest Income (FTE) $ 500 $ 511 $ 308 $ (11) (2) % $ 192 63 % Fee income 287 297 206 (10) (3) % 81 39 % Total revenue (FTE) 787 808 514 (21) (3) % 273 53 % Expense 465 464 307 1 — % 158 51 % Pre-provision net revenue 321 343 207 (22) (6) % 114 55 % Provision for credit losses (115) (45) 121 (70) NM (236) NM Net charge-offs (10) 8 17 (18) NM (26) NM Reserve build/(release) (105) (53) 104 (52) (99) % (210) NM Net income available to common $ 321 $ 284 $ 64 $ 37 13 % $ 257 NM Key performance Metrics Fee income as a % of total revenue 36.5 % 36.8 % 40.1 % (29) bps (363) bps Efficiency ratio 59.2 % 57.5 % 59.7 % 168 bps (48) bps ROTCE 22.2 % 20.2 % 8.3 % 203 bps 1,392 bps Diluted EPS $ 0.58 $ 0.51 $ 0.20 $ 0.07 14 % $ 0.38 NM TBV per share $ 10.74 $ 10.30 $ 9.99 $ 0.44 4 % $ 0.75 8 % Effective tax rate 22.2 % 23.4 % 18.3 % (125) bps 383 bps Results relatively resilient despite overall industry headwinds; in line with expectations 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 2Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. Throughout this presentation references to NII, Total Revenue, Net Interest Margin and PPNR are presented on a fully taxable equivalent basis unless otherwise noted.

9 NII performed in line with expectations despite increased headwinds1 $308 $535 $525 $511 $500 $287 $479 $482 $464 $450 2.90% 2.84% 2.71% 2.63% 2.47% Core NII Reported NII Reported NIM 2Q20 3Q20 4Q20 1Q21 2Q21 ($s in millions) FTE NII and NIM Trends Legacy FHN Core NIM1 2.80 % 2.68 % 2.63 % 2.52 % 2.36 % 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 2Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. Throughout this presentation references to NII, Total Revenue, Net Interest Margin and PPNR are presented on a fully taxable equivalent basis unless otherwise noted. • FTE NII decreased $11 million QoQ – Core NII decreased $14 million QoQ as the impact of lower loan balances and spreads and short-term rates was partially offset by a reduction in deposit costs • Reported NIM and Core NIM down 16 bps – 12 bp impact tied to higher excess cash – Period-end excess cash of $12.7 billion vs. $10.8 billion in 1Q21 • Lower deposit costs benefited NIM by 2 bps 2Q21 vs. 1Q21 $s in millions NII NIM 1Q21 Reported $ 511 2.63 % PPP Coupon Income and Fees 24 (0.02) Net merger-related impacts 22 0.13 1Q21 Core $ 464 2.52 % Daycount 4 — Deposit costs 3 0.02 Higher excess cash 1 (0.12) Lower LIBOR (1) (0.01) Securities premium amortization/other (2) (0.02) Lower other loan balances/spreads (8) (0.02) Lower LMC balances (11) (0.02) 2Q21 Core $ 450 2.36 % PPP Coupon Income and Fees 35 0.04 % Net merger-related impacts 14 0.08 % 2Q21 Reported $ 500 2.47 % Continued deposit pricing discipline helping to mitigate impact of lower rates and overall muted loan demand

10 • Adjusted fee income decreased $10 million from 1Q21 • Fixed income decreased $24 million from very strong 1Q21 results – Benefit of continued elevated liquidity and weak loan demand across banking industry – Strong ADR of $1.4 million down from $1.9 million in 1Q21 • Mortgage banking and title decreased $15 million QoQ reflecting intentional shift in production toward portfolio balances and lower gain on sale spreads – Origination volume up 21% QoQ – Purchase/Refi mix of ~65%/35% – Gain on sale spreads decreased 51 bps • Card and digital banking fees up $4 million largely reflecting the impact of higher transaction volume and rebate benefits • Other income up $15 million driven by $11 million of securities gains largely tied to legacy IBKC equity investment Adjusted fee income in line with expectations vs. strong 1Q21 levels1 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 2Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. Throughout this presentation references to NII, Total Revenue, Net Interest Margin and PPNR are presented on a fully taxable equivalent basis unless otherwise noted. Adjusted FHN Adjusted FHN /IBKC combined 2Q21 Change vs. $s in millions 2Q21 1Q21 4Q20 3Q20 2Q20 1Q21 2Q20 $/bps % $/bps % Fixed income $ 102 $ 126 $ 104 $ 111 $ 112 $(24) (19) % $(10) (10) % Mortgage banking & title 38 53 57 66 53 (15) (28) % (15) (47) % Brokerage, trust, and insurance 35 33 31 30 33 2 6 % 2 6 % Service charges and fees 54 53 53 50 46 1 2 % 8 16 % Card and digital banking fees 21 17 18 17 17 4 24 % 4 21 % Deferred compensation income 7 3 9 4 8 4 133 % (1) 10 % Other noninterest income 29 14 15 14 18 15 107 % 11 52 % Total fee income $ 287 $ 297 $ 288 $ 291 $ 287 $(10) (3) % $— — % Key Metrics Fixed Income Average Daily Revenue (ADR) $ 1.4 $ 1.9 $ 1.5 $ 1.5 $ 1.6 $ (0.5) (24) % $ (0.2) (10) % Mortgage banking Originations Secondary $ 998 $ 1,139 $ 1,183 $ 1,186 $ 1,152 $ (141) (12) % $ (154) (13) % Portfolio $ 791 $ 343 $ 341 $ 396 $ 675 $ 448 131 % $ 116 17 % Total $ 1,789 $ 1,482 $ 1,524 $ 1,582 $ 1,827 $ 307 21 % $ (38) (2) % Gain on sale spread 3.21 % 3.72 % 4.08 % 3.93 % 2.86 % (51) bps 35 bps Mix Purchase 65 % 50 % 55 % 58 % 43 % Refinance 35 % 50 % 45 % 42 % 57 % Strength in fixed income and card fees with solid results in mortgage despite shift in originations towards portfolio

11 Adjusted expense relatively stable1 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 2Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. Throughout this presentation references to NII, Total Revenue, Net Interest Margin and PPNR are presented on a fully taxable equivalent basis unless otherwise noted. 2Occupancy and Equipment expense includes Computer Software Expense. Adjusted FHN Adjusted FHN /IBKC combined 2Q21 Change vs. $s in millions 2Q21 1Q21 4Q20 3Q20 2Q20 1Q21 2Q20 $/bps % $/bps % Salaries and benefits $ 191 $ 195 $ 200 $ 200 $ 193 $ (4) (2) % $ (2) (1) % Incentives and commissions 93 99 89 91 97 (6) (6) % (4) (4) % Deferred compensation expense 6 3 9 3 10 3 100 % (4) 40 % Total personnel expense 290 297 298 294 300 (7) (2) % (10) (4) % Occupancy and equipment 75 72 74 73 74 3 4 % 1 1 % Outside services 56 54 52 46 46 2 4 % 10 20 % Amortization of intangible assets 13 13 14 14 9 — — % 4 44 % Other noninterest expense 31 28 35 45 57 3 11 % (26) (45) % Total noninterest expense $ 465 $ 464 $ 474 $ 471 $ 486 $ 1 — % $ (21) (4) % Full-time equivalent associates 8,145 8,284 8,466 8,121 8,384 (139) (2) % (260) (3) % • Adjusted expense of $465 million remained relatively stable with 1Q21 – $4 million benefit tied to incremental merger cost saves • Personnel expense down $7 million QoQ – Salaries and benefits decreased $4 million largely reflecting the benefit of merger saves and continued lower levels of medical costs – Incentives and commissions decreased $6 million from 1Q21 as reductions tied to fixed income and mortgage banking were partially offset by other long-term revenue and performance-based costs • Occupancy and equipment up $3 million driven by strategic software investments and return to office costs • Outside services increased $2 million QoQ largely reflecting increased activity levels tied to reopening of markets • Other noninterest expense up $3 million from unusually low 1Q21 levels Results reflect continued expense discipline and the benefit of merger efficiencies 2

12 Loan trends reflect lower loans to mortgage companies/industry headwinds1 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 2Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. Throughout this presentation references to NII, Total Revenue, Net Interest Margin and PPNR are presented on a fully taxable equivalent basis unless otherwise noted. 2Utilization rates exclude Loans to Mortgage Companies. • Loans of $56.8 billion decreased $1.4 billion QoQ – $813 million decrease in commercial largely as a $1.1 billion decline in LMC was partially offset by a $272 million increase in PPP loans – $580 million decrease in consumer largely reflects continued high level of real estate secured paydowns – Overall trends reflect continued high levels of payoffs and muted demand • Period-end loans of $56.7 billion decreased $1.9 billion QoQ given a $1.6 billion decrease in commercial and a $311 million decrease in consumer – PPP down $1.2 billion and LMC down $656 million • Commercial utilization rates of 45% remained stable QoQ2 • Variable/Fixed loan portfolio mix of 63%/37% Period-end commercial line utilization2 FHN/IBKC combined 2Q20 3Q20 4Q20 1Q21 2Q21 Utilization % 47% 44% 44% 45% 45% $58.8B $58.6B $56.7B $60.1B $59.8B $58.2B $56.8B Total Commercial excl. LMC & PPP Commercial real estate (CRE) Consumer real estate Credit card and other Payroll Protection Program (PPP) Loans to mortgage companies (LMC) FHN/IBKC 2Q20 . . . . 1Q21 2Q21 3Q20 4Q20 1Q21 2Q21 Loan trends 40% 22% 2% 10% 38% 26% 22% 2% 7% 42% 21% 19% 2% 9% 9% 19% 9% 7% 40% 21% 20% 2%7% 2% 40% 21% 21% 9% 8% 3Q20 4Q20 1Q21 2Q21 Yields 3.70% 3.56% 3.55% 3.52% Core yields 3.46% 3.43% 3.40% 3.35% Avg 1M LIBOR 0.16% 0.15% 0.12% 0.10% 41% 22% 2% 8% 8% 19% 39% 20% 21% 2% 7% 11% 7% Period-end Average

13 $72.1B $77.5B $77.7B $72.1B $74.0B $75.4B $77.6B DDA Savings Time deposits Term borrowings Other interest-bearing deposits Short-term borrowings Trading Liabilities FHN/IBKC 2Q20 * * * * * 1Q21 2Q21 3Q20 4Q20 1Q21 2Q21 Deposit pricing discipline helping to mitigate NII headwinds1 Interest-bearing liabilities & DDA trends • Deposits of $73.2 billion increased $2.2 billion QoQ driven by a $2.1 billion increase in noninterest-bearing – Period-end deposits of $73.3 billion remained relatively stable with 1Q21 levels as a $673 million decrease in interest- bearing was more than offset by increase in noninterest-bearing • Total deposit costs of 13 bps relatively stable QoQ – Interest-bearing deposit costs of 20 bps remained stable with 1Q21 levels – IBD costs down 2 bps before impact of merger- related time deposit amortization • Total funding costs of 23 bps in 2Q21 improved from 24 bps in 1Q21 28% 34% 8% 4% 21% 32% 35% 6% 2% 21% 29% 36% 8% 3% 3% 20% 30% 37% 7% 3% 3% 20% 33% 35% 6% 2% 3% 21%4% —% 3% 1% 1% 3Q20 4Q20 1Q21 2Q21 Deposit cost of funds 25 bps 18 bps 14 bps 13 bps Total cost of funds 36 bps 28 bps 24 bps 23 bps Avg 1M LIBOR 0.16% 0.15% 0.12% 0.10% 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 2Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. Interest-bearing deposit costs remained stable QoQ as merger-related impact offset underlying decrease 31% 36% 6% 2% 21% 3% 33% 35% 6% 2% 20% 3% 1% —% —% Period-end Average 1%

14 $227 2Q20 3Q20 4Q20 1Q20 2Q21 Strong credit quality performance 1Net charge-off % is annualized and as % of average loans. ($s in millions) Provision, credit losses, and net charge-offs Legacy FHN $588 1.80% 1.80% 1.80% 1.70% 1.57% 260% 241% 271% 253% 259% ACL ACL/Loans ACL/NPLs 2Q20 3Q20 4Q20 1Q21 2Q21 Allowance for credit losses (ACL) $1,048 $995 $890 Legacy FHN Non-performing loans (NPLs) $226 $447 $386 $394 $344 0.69% 0.75% 0.66% 0.67% 0.61% NPLs $ NPLs % 2Q20 3Q20 4Q20 1Q21 2Q21 • Net recoveries of 7 bps improved 13 bps QoQ compared to NCOs of 6 bps in 1Q21 • NPL ratio of 61 bps improved 6 bps from 1Q21 • ACL coverage ratio of 1.57% vs. 1.70% in 1Q21 – Provision credit of $115 million improved $70 million QoQ reflecting an improved macroeconomic outlook, positive credit grade migration and reduced loan balances Legacy FHN 1 $17 $67 $29 $8 $(10) $121 $80 $1 $(45) $(115) 0.20% 0.44% 0.19% 0.06% (0.07)% NCOs Provision for credit losses Non-PCD NCO% 2Q20 3Q20 4Q20 1Q21 2Q21 Net recoveries of $10 million and improving economic and asset quality trends drive $115 million provision credit $1,077

15 Significant reserves for current environment1 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 2Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. ($s in millions) 1Q21 vs. 2Q21 Allowance for credit losses (ACL) ACL/loans 1.57% 1.85% Total Total ex. LMC & PPP • Reserve release of $105 million – Largely reflects the impact of improving macroeconomic scenario forecasts and lower loan balances and positive grade migration – Utilized Moody’s May baseline scenario and applied additional modest weighting to alternative upside and downside scenarios • Also incorporated detailed portfolio reviews of industries currently affected by pandemic $s in millions 2Q21 Period- end % of Total Loans Total allowance for credit losses $ 890 1.57 % Total allowance for credit losses ex. LMC & PPP 886 1.85 % Unrecognized discount - acquired loans ex. LMC & PPP 183 0.38 % Total loss absorption capacity ex. LMC & PPP 1,068 2.23 % $995 $10 $(115) $890 3/31/2021 Net recoveries Provision expense/(credit) 6/30/2021 259% Total ACL/NPLs

16 2Q20 3Q20 4Q20 1Q20 1Q21 CET1 ratio Tier 1 capital ratio Total capital ratio 2Q20 3Q20 4Q20 1Q21 2Q21 Strong capital position1 Capital levels 10.69% 12.47% 12.05% 10.25% 12.57% 10.74% 12.84% 11.04% 13.21% 11.50% Tangible book value per share 9.97% 0.51% (0.13)% (0.09)% (0.04)% 0.11% 10.33% 1Q21 actual Adjusted NIAC Common Dividends Share Buybacks Notable Items Lower LMC Balances 2Q21 estimate $10.30 $0.61 $(0.15) $(0.04) $(0.05) $0.07 $10.74 1Q21 actual Adjusted NIAC, net of change in Intangibles Common Dividends Share Buybacks Notable Items AFS Securities MTM, Other 2Q21 actual • Robust PPNR1 and enhanced earnings power provide dividend support and additional loss- absorbing capital • TBVPS of $10.74 increased 4% QoQ • CET1 ratio of 10.33% improved ~36 bps largely reflecting: – 58 bp benefit from GAAP NIAC and lower RWAs partially offset by a 22 bp reduction tied to return of capital to common shareholders • Repurchased 3.1 million shares of common stock during the quarter 1Adjusted financial measures, core results, results excluding unusual items, TBV per share, ROTCE, ROTCE or NIAC before provision credit, fully taxable equivalent measures, PPNR, combined financial information, and the ACL/Loans ratio excluding Loans to Mortgage Companies and loans under the federal PPP are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 2Q21 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. 1Q21 vs. 2Q21 CET1 ratio 9.25% 9.21% 9.68% 9.97% 10.33%

17 Merger integration update Integration Framework • Continue to make substantial progress toward achieving key merger milestones • Focused on retaining and growing client base with expanded products and services 2Q21 Milestones • Associate retention remains strong, including in leadership/critical positions (92%) • Continue to merge and enhance our culture via regular virtual/in person leadership workshops, culture calls, and team building sessions • Completed mock conversion events • Finalized branch consolidation/closure list for 2021 • Converted mortgage servicing for retained loans • Migrated PPP forgiveness onto single platform • Successfully converted VirtualBank customers onto new, cloud-based Finxact core • Continued consolidation of corporate facilities Upcoming Events • Wealth and Trust conversion • Credit card conversion • First round of banking center consolidations • Continued preparation for systems conversion, including dress rehearsals • Client communications begin in earnest, including microsite launch • Training for all associates on new systems • Core systems conversion scheduled for Fall 2021 Pe op le Sy st em s/ O ps Integration Highlights Targeting annualized cost saves of ~$200 million by 1H22 Achieved $23 million of savings in 2Q21 ~$20 million of identified annualized revenue synergies tied to commercial loans and mortgage/wealth Annualized Savings Actual Estimated 1Q21 2Q21 2021 2022 ~$76mm ~$92mm ~$115mm ~$200mm

18 3Q21 and Updated FY2021 Outlook Earnings Drivers Previous Expectations for 2Q21 Adjusted Results 2Q21 Actual Results 2Q21 Adjusted Baseline 3Q21 Adjusted Expectations Adjusted 4Q20 Annualized Baseline 2021 Adjusted Expectations Comments Net Interest Income (FTE) Flat to low single- digit % decrease (2.1)% ✔ $500 million (FTE) Down modestly $2,088 million (FTE) Mid single-digit % decrease 3Q21: Assumes continued growth in excess cash, lower PPP and continued focus on deposit pricing discipline FY21: Expect continued low interest rates, accelerating PPP forgiveness and decreased merger accretion benefits Low single-digit % increase 2.9% ✔ $80.984 billion avg. interest earning assets Up modestly with average loans down modestly $76.995 billion avg. interest earning assets Mid single-digit % increase with average loans down mid single- digits Avg. loans down modestly (2.4)% ✔ Noninterest Income High single-digit to low double- digit % decrease (3.4)% $287 million Low double-digit to low teens % decrease $1,144 million Mid single-digit % decrease Reflects relatively resilient results in fixed income with lower mortgage banking given higher rates and shift to portfolio originations Noninterest Expense Relatively stable 0.3% ✔ $465 million Low single-digit % decrease $1,886 million Low single-digit % decrease Ongoing focus on efficiency and achievement of merger cost saves Increased cost tied to reopening Low single-digit % increase (ex. Incentives & commissions) 2.1% ✔ $373 million - excluding incentives & commissions Up modestly $1,531 million - excluding incentives & commissions Low single-digit % decrease Net Charge- Offs 5 bps - 15 bps -7 bps -7 bps 0 bps - 10 bps 19 bps 0 bps - 10 bps 3Q21/FY21: Expect continued positive credit grade migration Potential for continued reserve releases if macroeconomic trends continue to improve CET1 Ratio ~ 10% 10.33% 10.33% ~10% - 10.5% 9.68% ~10% - 10.5% Focus on organic growth with optionality to repurchase shares Assumes continued low-rate environment, mid single-digit GDP growth, further improvement in unemployment trends and stabilization of real estate values

19 Well positioned to deliver strong execution • Expanded franchise in attractive, high-growth Southern markets • More diversified business model performing as expected – Strong fee income results helping mitigate interest rate headwinds • Controlling what we can control while investing for the future • Results reflect resiliency of our balanced business model and continued strong execution • MOE delivering revenue synergies and expense efficiencies – Continued progress toward ~$200 million of cost saves • Strong credit quality performance – Net recoveries of 7 bps, or $10 million, on a $56.8 billion portfolio • Delivering enhanced returns Significant opportunities to drive relative outperformance and build shareholder value

APPENDIX 20

21 Update on areas of perceived risk Portfolio by industry 3/31/21 6/30/21 $s in billions Balance Balance % of total loans Subject to more heightened monitoring % of total loans Other C&I $ 6.1 $ 6.2 10.9 % $ — — % Finance & Insurance 3.0 3.1 5.5 — — Health Care & Social Assistance 2.2 2.2 3.9 — — Non-real estate leasing 0.6 0.6 1.1 — — Real estate leasing 1.6 1.7 3.1 1.7 3.1 Real Estate Rental & Leasing 2.2 2.3 4.1 — — Quick serve restaurants and other lower-risk categories 1.1 1.3 2.2 — — Higher-risk accommodation and food service 0.7 0.6 1.1 0.6 1.1 Accommodation & Food Service 1.8 1.9 3.3 — — Wholesale Trade 1.9 1.9 3.3 — — Energy 1.6 1.4 2.5 1.4 2.5 Manufacturing 1.6 1.8 3.1 — — Grocery stores, gas stations, convenience stores, home improvement, auto-related and other lower-risk retail 1.2 1.3 2.3 — — Higher-risk retail trade 0.1 0.1 0.1 0.1 0.1 Retail Trade 1.3 1.4 2.4 — — Transportation & Warehousing 1.2 1.2 2.2 — — Golf courses and other outdoor lower- risk sectors 0.3 0.3 0.6 — — Fitness centers, recreational centers and other higher-risk arts, entertainment and recreation 0.4 0.4 0.6 0.4 0.6 Arts, Entertainment & Recreation 0.7 0.7 1.2 — — Total C&I excluding LMC and PPP $ 23.5 $ 24.1 42.3 % $ — — % Other CRE 8.9 8.7 15.4 — — Lower-risk CRE retail 2.1 2.1 3.6 — — Higher-risk CRE retail 0.1 0.1 0.2 0.1 0.2 CRE - Retail 2.2 2.2 3.8 — — Lower-risk CRE hospitality 1.0 1.1 1.9 — — Higher-risk CRE hospitality 0.3 0.3 0.6 0.3 0.6 CRE - Hospitality 1.4 1.4 2.4 — — Total CRE excluding PPP $ 12.5 $ 12.3 21.6 % — — % Total commercial loans excluding LMC and PPP $ 36.0 $ 36.4 64.0 % $ 4.6 8.1 % Loans to mortgage companies (LMC) 5.6 4.9 8.7 Paycheck protection program (PPP) 5.1 3.8 6.8 Total commercial loans $ 46.7 $ 45.2 79.4 % Total consumer loans $ 12.1 $ 11.7 20.6 % Total loans $ 58.8 $ 56.9 100.0 % Total loans excl. LMC and PPP $ 48.1 $ 48.1 84.5 % • Continuing to closely monitor industries that have been impacted by COVID-19 disruptions; Criticized loans of $2.0 billion as of June 30, 2021 vs. $2.1 billion as of March 31, 2020 – Many clients in these impacted industries are experiencing recovery; continuing to monitor headwinds such as supply chain disruptions, labor shortages and elevated material costs • Consumer portfolio asset quality relatively stable; refreshed weighted avg. FICO score of ~769 • Real Estate Rental/Leasing – ~26% non-real estate rental and leasing, primarily equipment with ~74% real estate-related, largely REITs which are diversified across property types • Accommodation/Food Service – ~67% quick service restaurants and other lower risk categories with normalizing trends; higher-risk portfolio largely reflects regional and national casual dining brands • Energy – ~$203 million in oil field services, ~$738 million in E&P - Portfolio clients are hedged 70% through 2021, 40% through 2022 and 20% through 2023 • Retail Trade – Substantially all essential services and other more resilient sectors including home improvement and auto-related • Arts/Entertainment – ~46% tied to golf courses and other lower risk outdoor sectors • CRE – Retail – Granular portfolio with ~1,875+ tenants largely focused on value and necessity-based properties; limited geographic/major tenant concentration; limited regional mall/power center exposure – ~0.1% of CRE-Retail on active deferral vs. ~41% peak deferral • CRE – Hospitality – Predominately flagged properties and limited service/extended stay properties – ~12% of CRE hospitality is on active deferral vs. ~68% peak deferral Portfolios subject to more heightened monitoring decreased 2% QoQ to $4.6 billion, ex. LMC/PPP or ~8.1% of loans Data based on loan balances from credit systems and does not reflect certain general ledger accounting adjustments including unrecognized loan discounts. NAICs codes as of 2Q21. Energy-related loans represented across various categories.

22 FHN reserve and deferrals by portfolio $s in billions Loan Balance Allowance for Loan Losses Allowance Coverage Ratio Portfolios excl. Loans to Mortgage Companies (LMC) & PPP Energy $ 1.4 0.1 5.9 % C&I excl. Energy, LMC, & PPP 22.6 0.3 1.3 Total C&I excl. LMC & PPP 24.1 0.4 1.6 CRE - Other 8.7 0.1 1.1 CRE - Retail 2.2 0.1 2.4 CRE - Hospitality 1.4 0.1 4.3 Total CRE excl. PPP 12.3 0.2 1.7 Total Commercial excl. LMC & PPP 36.4 0.6 1.6 Total Consumer 11.7 0.2 1.9 Total Loans excl. LMC & PPP 48.1 0.8 1.7 LMC 4.9 — 0.1 PPP 3.8 — — Total Loans $ 56.9 $ 0.8 1.4 % Reserve for unfunded commitments $ 56.9 $ 0.1 0.1 % Total Loans to Allowance for Credit Losses $ 56.9 $ 0.9 1.6 % Have Taken a COVID-19 Deferral Are Still on Deferral $s in millions Approx. # of Deferrals Balances with Deferrals % of Total Balances Approx. # of Deferrals Balances with Deferrals % of Total Balances Consumer 5,296 $ 1,152 9.3 % 679 $ 146 1.2 % Commercial excl. PPP 4,127 5,191 12.9 % 67 213 0.5 % Total excl. PPP 9,423 $ 6,343 12.0 % 746 $ 359 0.7 % Allowance for Credit Losses (ACL) to Loans Ratio $s in millions Loan Balance ACL Balance ACL/Loans Total Loans $ 56,856 $ 890 1.6 % Loans to Mortgage Companies (LMC) $ 4,876 4 0.1 PPP 3,840 — — Total excl. LMC & PPP $ 48,141 $ 886 1.8 % Data based on loan balances from credit systems and does not reflect certain general ledger accounting adjustments including unrecognized loan discounts. NAICs codes as of 2Q21. Energy-related loans represented across various categories.Numbers may not add to total due to rounding.

23 Notable Items ($s in millions except per share data) Favorable / (Unfavorable) (In millions, except per share data) 2Q21 1Q21 4Q20 3Q20 Noninterest income: Merger accounting adjustment other noninterest income1 $ 2 $ (1) $ (1) $ (532) Total noninterest income 2 (1) (1) (532) Noninterest expense: Salaries and benefits — — — (1) Incentives and commissions (16) (21) (21) (34) Total personnel expenses (16) (21) (21) (35) Occupancy and equipment — (4) (2) (4) Outside services (6) (4) (7) (32) Amortization of intangible assets (1) (1) (1) (1) Other noninterest expense (9) (50) (4) (44) Total noninterest expense (32) (80) (34) (116) Total net notable items (pre-tax) 34 79 33 (269) Tax impact of notable items 8 19 13 61 After-tax impact of notable itmes 26 $ 60 20 $ (331) EPS impact of notable items $ (0.05) $ (0.11) $ (0.04) $ (0.60) Diluted shares 557 558 557 551 Favorable / (Unfavorable) FHN IBKC Financial Statement Caption Pre-Tax After-Tax at Marginal Tax Rate Pre-Tax After-Tax at Marginal Tax Rate 2Q20 Salaries and benefits $ (5) $ (4) $ (2) $ (2) Incentives and commissions — — (2) (2) Occupancy and equipment — — (1) (1) Outside services (6) (5) (9) (7) Other noninterest expense (4) (3) (1) (1) Total Acquisition and Hazard related expenses (14) (12) (15) (12) Other noninterest income - (Gain) loss on sale of investments — — (6) (5) Total Notable items $ (14) $ (12) $ (9) $ (7) 1Merger accounting adjustment is non-taxable income.

24 NII accretion schedule & NII/NIM reconciliation to GAAP financials Estimated IBKC Securities Premium Amortization1 Estimated IBKC Loan Accretion Estimated Loan Accretion - Other Acquisitions $s in millions $s in millions $s in millions 3Q21-4Q21 $ 22 3Q21-4Q21 $ 28 3Q21-4Q21 $ 10 2022 $ 36 2022 $ 50 2022 $ 14 2023 and beyond $ 66 2023 and beyond $ 72 2023 and beyond $ 12 1Q21 Reported to Core Reconciliation $s in millions NII NIM 1Q21 Reported (FTE) 511 2.63 % Less: non-core items PPP coupon income and fees 24 (0.01) Time Deposit Amortization 4 0.02 Loan Accretion 32 0.17 IBKC Premium Amortization (14) (0.07) 1Q21 Core (FTE) $ 464 2.52 % 3Q20 Reported to Core Reconciliation $s in millions NII NIM 3Q20 Reported (FTE) $ 535 2.84 % Less: non-core items PPP loans and fees 26 (0.02) Current Period loan accretion 44 0.30 Time Deposit Amortization 8 (0.26) Securities Premium Amortization (22) 0.13 3Q20 Core (FTE) $ 479 2.68 % 1Estimated based on market rates and prepayment assumptions as of 6/30/2021. 2Q20 Reported to Core Reconciliation $s in millions NII NIM 2Q20 Reported (FTE) $ 308 2.90 % Less: non-core items PPP loans and fees 15 0.04 Current Period loan accretion 6 0.06 2Q20 Core (FTE) $ 287 2.80 % 4Q20 Reported to Core Reconciliation $s in millions NII NIM 4Q20 Reported (FTE) $ 525 2.71 % Less: non-core items PPP Coupon Income and Fees 20 (0.05) Time Deposit Amortization 8 0.04 Loan Accretion 33 0.19 IBKC Premium Amortization (18) (0.10) 4Q20 Core (FTE) $ 482 2.63 % 4Q20 Reported (FTE) 525 2.71 % Less: unusual items (5) (0.03) 4Q20 Reported ex-unusual items $ 530 2.74 % 4Q20 Core (FTE) $ 482 2.63 % Less: unusual items (5) (0.03) 4Q20 Core ex-unusual items $ 488 2.65 % 2Q21 Reported to Core Reconciliation $s in millions NII NIM 2Q21 Reported (FTE) 500 2.47 % Less: non-core items PPP coupon income and fees 35 0.04 Time Deposit Amortization 1 — Loan Accretion 25 0.13 IBKC Premium Amortization (12) (0.06) 2Q21 Core (FTE) $ 450 2.36 %

25 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Adjusted FHN historical quarterly income statements 2Q21 1Q21 4Q20 3Q20 2Q20 ($s in millions, except per share data) GAAP Notable Items Non- GAAP GAAP Notable Items Non- GAAP GAAP Notable Items Non- GAAP GAAP Notable Items Non- GAAP GAAP Notable Items Non- GAAP Interest income - FTE $ 542 $ 3 $ 545 $ 552 $ 3 $ 555 $ 574 $ 3 $ 578 $ 598 $ 3 $ 601 $ 347 $ 3 $ 349 Interest expense- FTE 45 — 45 45 — 45 53 — 53 66 — 66 41 — 41 Net interest income- FTE 497 3 500 508 3 511 522 3 525 532 3 535 305 3 308 Less: Taxable-equivalent adjustment — 3 3 — 3 3 — 3 3 — 3 3 — 3 3 Net interest income 497 — 497 508 — 508 522 — 522 532 — 532 305 — 305 Noninterest income: Fixed income 102 — 102 126 — 126 104 — 104 111 — 111 112 — 112 Mortgage banking and title 38 — 38 53 — 53 57 — 57 66 — 66 4 — 4 Brokerage, trust, and insurance 35 — 35 33 — 33 31 — 31 30 — 30 22 — 22 Service charges and fees 54 — 54 53 — 53 53 — 53 50 — 50 35 — 35 Card and digital banking fees 21 — 21 17 — 17 18 — 18 17 — 17 12 — 12 Deferred compensation income 7 — 7 3 — 3 9 — 9 4 — 4 8 — 8 Other noninterest income 27 2 29 15 (1) 14 16 (1) 15 546 (532) 14 12 — 12 Total noninterest income 285 2 287 298 (1) 297 288 (1) 288 823 (532) 291 206 — 206 Total revenue 781 2 784 806 (1) 805 810 (1) 810 1,355 (532) 823 512 — 512 Noninterest expense: Personnel expense: Salaries and benefits 191 — 191 196 — 195 200 — 200 201 (1) 200 111 (5) 107 Incentives and commissions 109 (16) 93 120 (21) 99 110 (21) 89 126 (34) 91 79 — 79 Deferred compensation expense 6 — 6 3 — 3 9 — 9 3 — 3 9 — 9 Total personnel expense 306 (16) 290 318 (21) 297 319 (21) 298 329 (35) 294 200 (5) 195 Occupancy and equipment 75 — 75 76 (4) 72 76 (2) 74 77 (4) 73 46 — 46 Outside services 63 (6) 56 58 (4) 54 59 (7) 52 78 (32) 46 38 (5) 33 Amortization of intangible assets 14 (1) 13 14 (1) 13 15 (1) 14 15 (1) 14 5 5 Other noninterest expense 40 (9) 31 78 (50) 28 39 (4) 35 89 (44) 45 31 (4) 27 Total noninterest expense 497 (32) 465 544 (80) 464 508 (34) 474 587 (116) 471 321 (14) 307 Pre-provision net revenue 284 34 318 262 79 340 302 33 335 768 (416) 352 191 14 205 Provision for credit losses (115) — (115) (45) — (45) 1 — 1 227 (147) 80 121 — 121 Income before income taxes 399 34 433 307 79 386 301 33 334 541 (269) 272 69 14 84 Provision for income taxes 88 8 96 71 19 90 56 13 69 2 61 63 13 3 15 Net income 311 26 337 235 60 295 245 20 265 539 (331) 208 57 12 68 Net income attributable to noncontrolling interest 3 — 3 3 — 3 3 — 3 3 — 3 3 — 3 Net income attributable to controlling interest 308 26 334 233 60 292 242 20 262 536 (331) 205 54 12 66 Preferred stock dividends 13 — 13 8 — 8 8 — 8 13 — 13 2 — 2 Net income available to common shareholders $ 295 $ 26 $ 321 $ 225 $ 60 $ 284 $ 234 $ 20 $ 255 $ 523 $ (331) $ 193 $ 52 $ 12 $ 64 Common Stock Data EPS $ 0.54 $ (0.05) $ 0.58 $ 0.41 $ (0.11) $ 0.51 $ 0.42 $ (0.04) $ 0.46 $ 0.95 $ 0.60 $ 0.35 $ 0.17 $ (0.04) $ 0.21 Basic shares 550 550 552 552 553 553 550 550 312 312 Diluted EPS $ 0.53 $ (0.05) $ 0.58 $ 0.40 $ (0.11) $ 0.51 $ 0.42 $ (0.04) $ 0.46 $ 0.95 $ 0.60 $ 0.35 $ 0.17 $ (0.04) $ 0.20 Diluted shares 557 557 558 558 557 557 551 551 313 313 Memo: Total Revenue-FTE (Non-GAAP) $ 781 $ 5 $ 787 $ 806 $ 2 $ 808 $ 810 $ 2 $ 813 $ 1,355 $ (529) $ 826 $ 512 $ 3 $ 514 PPNR-FTE (Non-GAAP) 284 37 321 262 82 343 302 36 339 768 (414) 355 191 17 207

26 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Adjusted Combined Historical Data: non-interest income and expense 2Q20 ($s in millions, except per share data) FHN IBKC Combined Noninterest income: Fixed income $ 112 $ — $ 112 Mortgage banking and title 4 49 53 Brokerage, trust, and insurance 22 11 33 Service charges and fees 35 11 46 Card and digital banking fees 12 5 17 Deferred compensation income 8 — 8 Other noninterest income 12 5 18 Total noninterest income $ 206 $ 81 $ 287 Noninterest expense: Personnel expense: Salaries and benefits $ 111 $ 81 $ 193 Incentives and commissions 75 22 97 Deferred compensation expense 9 — 10 Total personnel expense 195 104 300 Occupancy and equipment 46 28 74 Outside services 32 14 46 Amortization of intangible assets 5 4 9 Other noninterest expense 27 30 57 Total noninterest expense $ 307 $ 179 $ 486

27 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Adjusted 2Q21 FHN compared to adjusted combined historical data: non-interest income and expense 2Q21 1Q21 4Q20 3Q20 2Q20 2Q21 vs 1Q21 2Q21 vs 2Q20 ($s in millions, except per share data) FHN FHN FHN FHN FHN/IBKC Combined $/bps % $/bps % Noninterest income: Fixed income $ 102 $ 126 $ 104 $ 111 $ 112 $ (24) (19) % $ (10) (9) % Mortgage banking and title 38 53 57 66 53 (15) (28) (15) (28) Brokerage, trust, and insurance 35 33 31 30 33 2 6 2 6 Service charges and fees 54 53 53 50 46 1 2 8 17 Card and digital banking fees 21 17 18 17 17 4 24 4 24 Deferred compensation income 7 3 9 4 8 4 133 (1) (13) Other noninterest income 29 14 15 14 18 15 107 11 61 Total noninterest income $ 287 $ 297 $ 288 $ 291 $ 287 $ (10) (3) % $ — — % Noninterest expense: Personnel expense: Salaries and benefits $ 191 $ 195 $ 200 $ 200 $ 193 $ (4) (2) % $ (2) (1) % Incentives and commissions 93 99 89 91 97 (6) (6) (4) (4) Deferred compensation expense 6 3 9 3 10 3 100 (4) (40) Total personnel expense 290 297 298 294 300 (7) (2) (10) (3) Occupancy and equipment 75 72 74 73 74 3 4 1 1 Outside services 56 54 52 46 46 2 4 10 22 Amortization of intangible assets 13 13 14 14 9 — — 4 44 Other noninterest expense 31 28 35 45 57 3 11 (26) (46) Total noninterest expense $ 465 $ 464 $ 474 $ 471 $ 486 $ 1 — % $ (21) (4) %

28 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. ($s in millions, except per share data) 2Q21 1Q20 4Q20 3Q20 2Q20 Tangible Common Equity (Non-GAAP) (A) Total equity (GAAP) $ 8,566 $ 8,307 $ 8,307 $ 8,144 $ 5,208 Less: Noncontrolling interest 295 295 295 295 295 Less: Preferred stock 520 470 470 470 240 (B) Total common equity $ 7,750 $ 7,541 $ 7,541 $ 7,378 $ 4,673 Less: Intangible assets (GAAP) 1,836 1,850 1,864 1,876 1,552 (C) Tangible common equity (Non-GAAP) $ 5,914 $ 5,691 $ 5,677 $ 5,502 $ 3,120 Tangible Assets (Non-GAAP) (D) Total assets (GAAP) $ 87,908 $ 87,513 $ 84,209 $ 83,030 $ 48,645 Less: Intangible assets (GAAP) 1,836 1,850 1,864 1,876 1,552 (E) Tangible assets (Non-GAAP) $ 86,072 $ 85,663 $ 82,345 $ 81,154 $ 47,092 Period-end Shares Outstanding (F) Period-end shares outstanding 551 552 555 555 312 Ratios (A)/(D) Total equity to total assets (GAAP) 9.74 % 9.49 % 9.86 % 9.81 % 10.71 % (C)/(E) Tangible common equity to tangible assets (“TCE/TA”) (Non-GAAP) 6.87 % 6.64 % 6.89 % 6.78 % 6.63 % (B)/(F) Book value per common share (GAAP) $ 14.07 $ 13.65 $ 13.59 $ 13.30 $ 14.96 (C)/(F) Tangible book value per common share (Non-GAAP) $ 10.74 $ 10.30 $ 10.23 $ 9.92 $ 9.99

29 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. ($s in millions, except per share data) 2Q21 1Q21 4Q20 3Q20 2Q20 Adjusted Diluted EPS Net income available to common shareholders ("NIAC") (GAAP) a $ 295 $ 225 $ 234 $ 523 $ 52 Plus Tax effected notable items (Non-GAAP) 26 60 20 (331) 12 Adjusted Net income available to common shareholders (Non-GAAP) b $ 321 $ 284 $ 255 $ 193 $ 64 Diluted Shares (GAAP) c 557 558 557 551 313 Diluted EPS (GAAP) a/c $ 0.53 $ 0.40 $ 0.42 $ 0.95 $ 0.17 Adjusted diluted EPS (Non-GAAP) b/c $ 0.58 $ 0.51 $ 0.46 $ 0.35 $ 0.20 Adjusted Net Income ("NI") and Adjusted Return on Assets ("ROA") Net Income ("NI") (GAAP) $ 311 $ 235 $ 245 $ 539 $ 57 Plus Tax effected notable items (Non-GAAP) 26 60 20 (331) 12 Adjusted NI (Non-GAAP) $ 337 $ 295 $ 265 $ 208 $ 68 NI (annualized) (GAAP) d $ 1,247 $ 955 $ 974 $ 2,144 $ 228 Adjusted NI (annualized) (Non-GAAP) e $ 1,353 $ 1,198 $ 1,055 $ 829 $ 275 Average assets (GAAP) f $ 87,559 $ 85,401 $ 83,809 $ 81,683 $ 47,934 ROA (GAAP) d/f 1.42 % 1.12 % 1.16 % 2.63 % 0.48 % Adjusted ROA (Non-GAAP) e/f 1.54 % 1.40 % 1.26 % 1.01 % 0.57 % Return on Average Common Equity ("ROCE")/ Return on Average Tangible Common Equity ("ROTCE")/ Adjusted ROTCE Net income available to common shareholders (annualized) (GAAP) g $ 1,182 $ 911 $ 933 $ 2,082 $ 210 Adjusted Net income available to common shareholders (annualized) (Non- GAAP) h $ 1,288 $ 1,154 $ 1,013 $ 767 $ 257 Average Common Equity (GAAP) i $ 7,651 $ 7,583 $ 7,444 $ 7,309 $ 4,673 Intangible Assets (GAAP) 1,843 1,857 1,871 1,794 1,555 Average Tangible Common Equity (Non-GAAP) j $ 5,808 $ 5,726 $ 5,573 $ 5,515 $ 3,117 Equity Adjustment (Non-GAAP) — — — — — Adjusted Average Tangible Common Equity (Non-GAAP) k $ 5,808 $ 5,726 $ 5,573 $ 5,515 $ 3,117 ROCE (GAAP) g/i 15.45 % 12.01 % 12.53 % 28.49 % 4.50 % ROTCE (Non-GAAP) g/j 20.36 % 15.90 % 16.73 % 37.75 % 6.74 % Adjusted ROTCE (Non-GAAP) h/k 22.18 % 20.15 % 18.18 % 13.90 % 8.26 %

30 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. $ in millions except per share data) 2Q21 1Q21 4Q20 3Q20 2Q20 Adjusted Noninterest Income as a % of Total Revenue Noninterest income (GAAP) a $ 285 $ 298 $ 288 $ 823 $ 206 Plus notable items (GAAP) 2 (1) (1) (532) — Adjusted noninterest income (Non-GAAP) b 287 297 288 291 206 Revenue (GAAP) c 781 806 810 1,355 512 Taxable-equivalent adjustment 3 3 3 3 3 Revenue- Taxable-equivalent (Non-GAAP) $ 784 $ 809 $ 813 $ 1,358 $ 514 Plus notable items (GAAP) (a) 2 (1) (1) (532) — Adjusted revenue (Non-GAAP) d 787 808 813 826 514 Noninterest income as a % of total revenue (GAAP) a/c 36.43 % 37.00 % 35.61 % 60.72 % 40.32 % Adjusted noninterest income as a % of total revenue (Non-GAAP) b/d 36.49 % 36.78 % 35.42 % 35.20 % 40.12 % Adjusted Efficiency Ratio Noninterest expense (GAAP) e $ 497 $ 544 $ 508 $ 587 $ 321 Plus notable items (GAAP) (32) (80) (34) (116) (14) Adjusted noninterest expense (Non-GAAP) f 465 464 474 471 307 Revenue (GAAP) g 781 806 810 1,355 512 Taxable-equivalent adjustment 3 3 3 3 3 Revenue- Taxable-equivalent (Non-GAAP) $ 784 $ 809 $ 813 $ 1,358 $ 514 Plus notable items (GAAP) (a) 2 (1) (1) (532) — Adjusted revenue (Non-GAAP) h 787 808 813 826 514 Efficiency ratio (GAAP) e/g 63.67 % 67.53 % 62.71 % 43.31 % 62.74 % Adjusted efficiency ratio (Non-GAAP) f/h 59.17 % 57.49 % 58.34 % 57.06 % 59.65 % Adjusted Reserve Build Provision for credit losses (GAAP) i $ (115) (45) $ 1 $ 227 $ 121 Plus notable items (GAAP) — — — (147) — Adjusted provision for credit losses (Non-GAAP) j $ (115) $ (45) $ 1 $ 80 $ 121 Net Charge-offs (GAAP) k $ (10) $ 8 $ 29 $ 67 $ 17 Reserve Build/(Release) i-k $ (105) $ (53) $ (28) $ 160 $ 104 Adjusted Reserve Build/(Release) j-k $ (105) $ (53) $ (28) $ 13 $ 104

31 Reconciliation to GAAP financials Slides in this presentation use Non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. $ in millions except per share data) 2Q21 Net income available to common shareholders (GAAP) $ 295 Tax effected Notable Items $ 26 Adjusted Net income available to common shareholders (Non-GAAP) $ 321 Tax effected provision credit $ (90) Adjusted Net income available to common shareholders before provision credit (Non-GAAP) $ 231 Net income available to common shareholders (annualized) (GAAP) a $ 1,183 Adjusted Net income available to common shareholders (annualized) Non- GAAP) b $ 1,288 Adjusted Net income available to common shareholders before provision credit (annualized) (Non-GAAP) c 926 Average Common Equity (GAAP) d $ 7,651 Intangible Assets (GAAP) $ 1,843 Average Tangible Common Equity (Non-GAAP) e $ 5,808 Equity Adjustment for provision credit (Non-GAAP) $ 30 Adjusted Average Tangbile Common Equity (Non-GAAP) f $ 5,778 ROCE (GAAP) a/d 15.5 % ROTCE (Non-GAAP) a/e 20.4 % Adjusted ROTCE (Non-GAAP) b/e 22.2 % Adjusted ROTCE before provision credit (Non-GAAP) c/f 16.0 %