Third Quarter 2023 Earnings October 18, 2023

2 Disclaimers 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, as amended; 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, 3Q23 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases.

3 3Q23 GAAP financial summary1 1Adjusted financial measures, TBV per share, ROTCE, fully taxable equivalent measures, PPNR, and loans and leases, ACL and ratios excluding Loans to Mortgage Companies are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 3Q23 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. 22Q23 includes 19.7 million share impact of Series G convertible securities issued in connection with TD transaction based on the final conversion rate; 1Q23, 4Q22 and 3Q22 include 27.5 million shares based on the original maximum conversion rate. $s in millions except per share data Reported Results 3Q23 Change vs. 3Q23 2Q23 1Q23 4Q22 3Q22 2Q23 3Q22 Net interest income $ 605 $ 631 $ 688 $ 709 $ 662 $ (26) (4) % $ (57) (9) % Fee income 173 400 171 174 213 (227) (57) % (40) (19) % Total revenue 778 1,031 859 882 875 (253) (25) % (97) (11) % Expense 474 555 478 503 468 (81) (15) % 6 1 % Pre-provision net revenue (PPNR) 304 475 381 379 406 (171) (36) % (102) (25) % Provision for credit losses 110 50 50 45 60 60 120 % 50 83 % Pre-tax income 194 425 331 334 346 (231) (54) % (152) (44) % Income tax expense 52 96 75 64 78 (44) (46) % (26) (33) % Net income 142 329 256 270 268 (187) (57) % (126) (47) % Non-controlling interest 5 5 4 4 3 — — % 2 67 % Preferred dividends 8 8 8 8 8 — — % — — % Net income available to common shareholders (NIAC) $ 129 $ 317 $ 243 $ 258 $ 257 $ (188) (59) % $ (128) (50) % Diluted EPS $ 0.23 $ 0.56 $ 0.43 $ 0.45 $ 0.45 $ (0.33) (59) % $ (0.22) (49) % Average diluted shares outstanding2 561 561 572 572 570 — — % (9) (2) % ROCE 6.3 % 16.4 % 13.3 % 14.4 % 13.9 % (10.1) % (7.6) % ROTCE 8.0 % 21.1 % 17.4 % 19.1 % 18.2 % (13.2) % (10.3) % ROA 0.7 % 1.6 % 1.3 % 1.4 % 1.3 % (0.9) % (0.6) % Net interest margin 3.17 % 3.38 % 3.88 % 3.89 % 3.48 % (0.21) % (0.31) % Efficiency ratio 60.9 % 53.9 % 55.7 % 57.1 % 53.6 % 7.1 % 7.4 % FTEs 7,340 7,327 7,282 7,477 7,569 13 — % (229) (3) % CET1 ratio 11.1 % 11.1 % 10.4 % 10.2 % 9.9 % — % 1.2 % Effective tax rate 26.7 % 22.6 % 22.7 % 19.2 % 22.6 % 4.0 % 4.1 % Tangible book value per share $11.22 $11.50 $10.89 $10.23 $9.72 $ (0.28) (2) % $ 1.50 15 % Period end loans ($B) $61.8B $61.3B $59.0B $58.1B $57.4B $ 0.5 1 % $ 4.4 8 % Period end deposits ($B) $67.0B $65.4B $61.4B $63.5B $66.0B $ 1.6 2 % $ 1.0 2 % Period end loan to deposit ratio 92 % 94 % 96 % 92 % 87 % (2) % 5 %

4 Table of contents 3Q23 key messages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 3Q23 highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 3Q23 adjusted financial highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 3Q23 notable items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 NII and NIM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Adjusted fee income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Adjusted expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Asset quality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 FY23 guidance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Strategic focus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

5 Client-Centric Model Remains Foundation for Success 1Associate retention from 9.30.22 to 9.30.23; excludes involuntary attrition. 2Client retention from 9.30.22 to 9.30.23. 3FHN was recognized in the 2022 Greenwich Excellence and Best Brand Awards. 4Utilized the 2023 Severely Adverse Scenario The Company's minimum common equity tier 1 ratio under stress of 8.7% reflects an additional $4.0 billion in pre-tax loss absorption capacity above the 4.5% regulatory required minimum. These results include a $0.15 quarterly common stock dividend throughout the nine-quarter forecast horizon. This excludes the recent conversion of the Series G preferred. Our experienced team has a proven track record of delivering high quality service to meet our clients’ and communities’ needs. This yields long-tenured, deep relationships that enable us to produce top quartile returns over the cycle. Recognized by multiple industry groups for service excellence, including 23 Greenwich Coalition recognitions, the second highest of any bank3Service Excellence Tenured Client Base 91% client retention from the prior year, with a median tenure of 16 years2 Experienced Talent 90% associate retention over the prior year, which compares favorably to industry averages. Average tenure of all associates is over 9 years1 Client Focused Continued focus on supporting client needs with 6% growth in both deposits and loans year-to-date Robust Capital 11.1% CET1 ratio, significantly above the 7% well capitalized threshold Safety & SoundnessStress test demonstrated $4.0B of loss absorption capacity above regulatory minimums4

6 • Deposits increased $1.6 billion QoQ, or 2%, up 6% year-to-date • Loan growth moderating as focus remains on deepening existing customer relationships • Period end loan-to-deposit (LDR) ratio improved to 92% from 94% • Strong capital position, which supported 1% PE loan growth • TBVPS decreased 2% driven by $(0.41) from higher mark-to-market impacts partially offset by $0.29 of adjusted NIAC • Credit impacted by a $72 million idiosyncratic C&I charge-off • Adjusted pre-tax pre-provision of $318 million • Strong net interest margin reflects benefit of asset sensitivity over the cycle, despite recent competitive pressure on funding costs • Fees and expenses relatively stable Strong results driven by stable, diversified business mix1 Reflects 3Q23 vs. 2Q23 results. 1Adjusted financial measures, TBV per share, ROTCE, fully taxable equivalent measures, PPNR, and loans and leases, ACL and ratios excluding Loans to Mortgage Companies are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 3Q23 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. Earnings Strength and Solid Returns Capital and Credit Quality Strong Liquidity and Improving Funding Profile Adj. EPS Adj. ROTCE NIM Adj. Efficiency $0.27 9.2% 3.17% 59.4% CET1 TBV NCO% 11.1% $11.22 0.61% PE Deposit Growth PE Loan Growth LDR 2% 1% 92%

7 • 3Q23 adjusted EPS of $0.27 vs. $0.39 in 2Q23 – Adjusted ROTCE of 9.2%, the provision related to the $72mm idiosyncratic credit lowered adjusted ROTCE by ~3.4% • NII down $26 million, or 4% linked quarter – Reflects a full quarter impact of the 2Q23 deposit campaign, a partial quarter of the Fed move, 3% average loan growth, and repricing of fixed rate cash flows • Adjusted fee income up $6 million excluding deferred comp – Higher bank fees and FHLB dividends – Stable counter-cyclical business revenues • Adjusted expense up $12 million excluding deferred comp – $11 million of acquisition-related retention moved into core expenses, which was largely offset by other variable comp reductions • Provision expense of $110 million, resulting in a 1 bp increase in ACL coverage to 1.36% – Reflects 1% period end loan growth – 3Q23 included a $72 million idiosyncratic C&I charge-off, while the remaining NCOs were flat to 2Q23 3Q23 adjusted financial highlights1 $ in millions, except per share data Adjusted Results 3Q23 Change vs. 3Q23 2Q23 3Q22 2Q23 3Q22 Net interest income (FTE) $ 609 $ 635 $ 666 $ (26) (4) % $ (57) (9) % Fee income 173 175 181 (2) (1) % (8) (4) % Total revenue (FTE) 782 810 847 (28) (3) % (65) (8) % Expense 465 461 444 4 1 % 21 5 % Pre-provision net revenue 318 349 403 (31) (9) % (85) (21) % Provision for credit losses 110 50 60 60 120 % 50 83 % Net charge-offs 95 23 12 72 NM 83 NM Reserve build / (release) 15 27 48 (12) (44) % (33) (69) % Net income available to common $ 150 $ 219 $ 252 $ (69) (32) % $ (102) (40) % Diluted EPS $ 0.27 $ 0.39 $ 0.44 $ (0.12) (31) % $ (0.17) (39) % Diluted shares2 561 561 570 — — % (9) (2) % ROTCE 9.2 % 14.6 % 17.9 % (5.4) % (8.7) % ROA 0.8 % 1.1 % 1.3 % (0.4) % (0.5) % Net interest margin 3.17 % 3.38 % 3.48 % (0.21) % (0.31) % Fee income / total revenue 22.2 % 21.6 % 21.4 % 0.5 % 0.8 % Efficiency ratio 59.4 % 56.9 % 52.4 % 2.5 % 7.0 % TBV per share $ 11.22 $ 11.50 $ 9.72 $ (0.28) (2) % $ 1.50 15 % Effective tax rate 20.1 % 21.6 % 22.4 % (1.5) % (2.3) % Adaptable business model capable of managing through shifting macroeconomic environment 1Adjusted financial measures, TBV per share, ROTCE, fully taxable equivalent measures, PPNR, and loans and leases, ACL and ratios excluding Loans to Mortgage Companies are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 3Q23 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. 22Q23 includes 19.7 million share impact of Series G convertible securities issued in connection with TD transaction based on the final conversion rate; 1Q23, 4Q22 and 3Q22 include 27.5 million shares based on the original maximum conversion rate.

8 3Q23 notable items1 1Adjusted financial measures, TBV per share, ROTCE, fully taxable equivalent measures, PPNR, and loans and leases, ACL and ratios excluding Loans to Mortgage Companies are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 3Q23 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. After-tax Notable Items 3Q23 Restructuring costs (after-tax) (7) Tax impact of 3Q23 notable tax items (13) After-tax impact of 3Q23 notable items $ (20) EPS impact of 3Q23 notable items $ (0.04) GAAP results reduced by a net $0.04 per share impact from notable items • Pre-tax restructuring costs of $10 million related to streamlining the number of regions within the Regional Bank, as well as reductions in force, primarily within mortgage • 3Q23 includes $13 million of net tax expense, including two notable tax events – $24 million tax liability related to the book value surrender of approximately $214 million of bank owned life insurance (BOLI) policies – $11 million benefit from merger-related tax items Pre-Tax Notable Items Notable Tax Items

9 NII trends reflect increased funding costs & macroeconomic environment1 $666 $712 $691 $635 $609 3.48% 3.89% 3.88% 3.38% 3.17% 3Q22 4Q22 1Q23 2Q23 3Q23 Net Interest Income (FTE) and NIM Trends 1Adjusted financial measures, TBV per share, ROTCE, fully taxable equivalent measures, PPNR, and loans and leases, ACL and ratios excluding Loans to Mortgage Companies are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 3Q23 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. • 3Q23 net interest income down $26 million versus 2Q23 – Reflects a full quarter impact of the 2Q23 deposit campaign and a partial quarter benefit of the July rate hike on floating asset yields – Widening credit spreads, continued repricing of fixed rate cash flows, and average loan growth of 3% improved NII – Deposit mix rotation continues to be a headwind, however 2% deposit growth enabled the pay down of all remaining FHLB borrowings • Net interest margin declined 21bps versus 2Q23 as the deposit beta accelerated faster than loan spread repricing Net interest margin remains strong, despite moderating from cyclical highs $ in millions NII Margin 2Q23 $635 3.38% Days $4 Deposit Rates $(63) (0.33)% Deposit Mix & Funding Volume $(20) (0.09)% Loan Rates & Spreads $36 0.18% Loan Volumes & Mix $20 0.04% Investment Securities $(1) 0.01% Other $(2) (0.01)% 3Q23 $609 3.17%

10 $66.0B $63.5B $61.4B $65.4B $67.0B $40.2 $40.0 $40.3 $46.6 $49.2 $25.8 $23.5 $21.1 $18.8 $17.8 Interest-bearing deposits Noninterest-bearing deposits (DDA) 3Q22 4Q22 1Q23 2Q23 3Q23 Demonstrated successful customer acquisition capability Period end deposits • 3Q23 period-end deposits of $67.0 billion increased $1.6 billion or 2%, versus 2Q23 – Loan-to-deposit ratio of 92% improved from 94% – 68% of deposits are FDIC insured or collateralized • Deposit growth driven by customer balance acquisition; brokered deposits effectively flat to prior quarter – Opened over 19,000 new deposit accounts, acquiring over $1 billion in balances – The customers that participated in the second quarter deposit campaign have increased their balances by ~$200 million • Full quarter impact of the successful deposit campaign and a higher Fed Funds rate drove an increase in interest- bearing deposit costs from 2.55% to 3.36% – Cumulative interest-bearing deposit beta of 63% – Implemented base rate reductions in latter part of the quarter, reducing the blended rate on the $22 billion portfolio by 10bps to 1.53% – Rate guarantees on 2Q23 deposit campaigns begin to reprice in 4Q23, creating opportunity to moderate funding cost • With interest rates at 20 year highs, deposit mix shift continues with DDA declining to 27% of total deposits, though still ~$2B above nominal pre-pandemic levels 1Industry defined as the H8 deposit data from 6/28/23 to 9/27/23. 2Adjusted financial measures, TBV per share, ROTCE, fully taxable equivalent measures, PPNR, and loans and leases, ACL and ratios excluding Loans to Mortgage Companies are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 3Q23 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. Deposit growth of 2.4% significantly outperforms industry growth of 0.3%1

11 • 3Q23 period-end loans of $61.8 billion up $0.5 billion or 1% versus 2Q23 – $0.9 billion or 2% increase in loans excluding loans to mortgage companies (LMC), which decreased by $454 million – C&I growth was diversified across multiple industries, geographies, and lines of business – CRE growth driven by fund-ups of $510 million on existing loans, primarily in multi-family Class A apartments, while total commitments are flat – On balance sheet mortgage production focused on the Medical Doctor (MD) program, which comprised over 60% of originations • Total unfunded commitments stable to prior quarter • Period end line utilization of 42%2 • Loan yields expanded 21bps – New mortgage yields widened 90bps linked quarter – Spreads on new commercial originations are up 54bps year-over-year • Asset sensitive profile reflected in loan composition of 67% floating vs 33% fixed rate 1Adjusted financial measures, TBV per share, ROTCE, fully taxable equivalent measures, PPNR, and loans and leases, ACL and ratios excluding Loans to Mortgage Companies are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 3Q23 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. Period end loan trends Diversified portfolio across attractive geographic footprint1 Focused on deepening relationships and appropriately pricing

12 • 3Q23 adjusted fee income excluding deferred compensation up $6 million or 4% versus 2Q23 – Fixed income decreased $2 million with ADR down modestly, driven by continued challenging market conditions – Intentional pricing strategy drove volume into the secondary market, increasing mortgage banking income by $1 million – Service charges and fees up $1 million driven by higher treasury management and consumer fees – Other noninterest income up $8 million primarily driven by $5 million of incremental FHLB stock dividends related to second quarter borrowing levels and growth of $1 million in swap fees – Strong customer deposit growth enabled the full pay-off of all FHLB borrowings this quarter Fee income stable with fixed income and mortgage cyclically low 1Adjusted financial measures, TBV per share, ROTCE, fully taxable equivalent measures, PPNR, and loans and leases, ACL and ratios excluding Loans to Mortgage Companies are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 3Q23 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. $ in millions Adjusted Results 3Q23 Change vs. 3Q23 2Q23 1Q23 4Q22 3Q22 2Q23 3Q22 Fixed income $28 $30 $39 $35 $46 $(2) (7) % $(18) (39) % Mortgage banking & title $7 $6 $5 $4 $9 $1 17 % $(2) (22) % Service charges and fees $60 $59 $55 $56 $56 $1 2 % $4 7 % Brokerage, trust, and insurance $34 $35 $34 $33 $34 $(1) (3) % $0 — % Card and digital banking fees $20 $21 $19 $20 $21 $(1) (5) % $(1) (5) % Deferred compensation income $0 $8 $3 $7 $(3) $(8) (100) % $3 100 % Other noninterest income $25 $17 $15 $20 $18 $8 47 % $7 39 % Total fee income $173 $175 $171 $173 $181 $(2) (1) % $(8) (4) % Average daily revenue (ADR) $301k $348k $437k $403k $524k $(47)k (14) % $(223)k (43) % Adjusted fee income up $6 million excluding deferred compensation

13 Results reflect continued expense discipline • 3Q23 adjusted expense of $465 million up $4 million versus 2Q23 – Personnel expense excluding deferred compensation up $4mm – $11mm of merger retention award incentives moving out of the merger line and into core results – Partially offset by lower levels of other variable compensation – Other expense drivers include: – $1 million of higher FDIC costs – Return to more normalized levels from 2Q23, which benefited from a few discrete non-recurring items $ in millions Adjusted Results 3Q23 Change vs. 3Q23 2Q23 1Q23 4Q22 3Q22 2Q23 3Q22 Salaries and benefits $188 $187 $188 $178 $185 $1 1 % $3 2 % Incentives and commissions $68 $65 $64 $70 $68 $3 5 % $0 — % Deferred compensation expense $0 $8 $3 $7 $(2) $(8) (100) % $2 100 % Total personnel expense $256 $260 $255 $254 $251 $(4) (2) % $5 2 % Occupancy and equipment $67 $68 $70 $71 $70 $(1) (1) % $(3) (4) % Outside services $69 $68 $63 $64 $64 $1 1 % $5 8 % Amortization of intangible assets $12 $12 $12 $12 $12 $0 — % $0 — % Other noninterest expense $60 $53 $58 $58 $48 $7 13 % $12 25 % Total noninterest expense $465 $461 $457 $458 $444 $4 1 % $21 5 % Full-time equivalent associates 7,340 7,327 7,282 7,477 7,569 13 — % (229) (3) % 1Adjusted financial measures, TBV per share, ROTCE, fully taxable equivalent measures, PPNR, and loans and leases, ACL and ratios excluding Loans to Mortgage Companies are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 3Q23 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. Increase in expense driven by transfer of acquisition-related retention into core expense 2

14 Disciplined lending leads to strong performance across the cycle $ in millions. 1Net charge-off % is annualized and as % of average loans. $752 $771 $800 $827 $842 1.31% 1.33% 1.35% 1.35% 1.36% ACL ACL/Loans 3Q22 4Q22 1Q23 2Q23 3Q23 Allowance for credit losses (ACL) Non-performing loans (NPLs) $292 $316 $424 $402 $394 0.51% 0.54% 0.72% 0.66% 0.64% NPLs $ NPLs % 3Q22 4Q22 1Q23 2Q23 3Q23 • 3Q23 net charge-offs of $95 million increased $72 million – 3Q23 included a $72 million idiosyncratic C&I charge- off related to a credit that converted from Chapter 11 to Chapter 7 bankruptcy in August – Other charge-offs of $23 million were in-line with the prior quarter • Provision expense of $110 million in 3Q23 – ~$15 million reserve build reflects the impact of 2% loan growth excluding LMC • NPL ratio of 64 bps down 2 bps from 2Q23 • 3Q23 ACL coverage ratio increased to 1.36% 1 $12 $26 $16 $23 $95 0.08% 0.18% 0.11% 0.16% 0.61% NCOs NCO% 3Q22 4Q22 1Q23 2Q23 3Q23 Reserve build reflects the impact of loan growth and macroeconomic uncertainty Net charge-offs

15 3Q22 4Q22 1Q23 2Q23 3Q23 CET1 ratio Tier 1 capital ratio Total capital ratio 3Q22 4Q22 1Q23 2Q23 3Q23 Strong capital position1 Capital levels 11.7% 13.1% 13.3% 11.9% 13.6% 12.1% 13.6% 12.1% 13.6% 12.1% $11.50 $0.29 $(0.04) $(0.15) $(0.41) $0.03 $11.22 2Q23 Adjusted NIAC⁵ Notable Items Common Dividend Mark on AFS & Hedges Other 3Q23 • 3Q23 CET1 ratio remained strong at 11.1% as the benefit of adjusted NIAC offsets reductions from deploying capital into loans, paying common dividends, and notable items – CET1 net of unrealized losses of 8.6% above regulatory capital threshold of 7.0% • 3Q23 TBVPS of $11.22 decreased 2% versus 2Q23, driven by higher mark-to-market on the AFS securities portfolio and interest rate hedges, partially offset by adjusted NIAC5 • 3Q23 total capital of 13.6% flat to 2Q23 1Adjusted financial measures, TBV per share, ROTCE, fully taxable equivalent measures, PPNR, and loans and leases, ACL and ratios excluding Loans to Mortgage Companies are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 3Q23 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. 2CET1 impact of available for sale (AFS) and held to maturity (HTM) unrealized losses are presented on an after-tax basis. 3Loan FV impact represents the difference between book value and estimated fair value of loans and leases as of June 30, 2023 as disclosed in FHN’s 10-Q filing. 4Other includes equity compensation. 5Net of change in intangibles. Tangible book value per share4 9.9% 10.2% 10.4% 11.1% 11.1% 11.1% (1.6)% (0.2)% 9.3% (0.7)% 8.6% 3Q23 CET1 Estimate AFS Impact HTM Impact Pro Forma Loan FV Impact Pro Forma incl. Loan FV Impact 3Q23 CET1 net of unrealized losses2,3 Lower exposure to unrealized losses due to smaller portfolio and moderate effective duration

16 FY2023 Outlook Earnings Drivers FY22 Adjusted Baseline1 FY23 Adjusted Expectations Comments Average Loans $56 billion Updated: Up 7% – 9% Prior: Up 3% – 5% Successful deposit campaign enabled better-than-expected loan growth, with a focus on full relationships Net Interest Income (FTE) $2,405 million Up 6% – 9% Assumes no additional rate hikes in 2023; DDA balances return to pre-pandemic levels Noninterest Income2 $765 million Down 6% – 10% Fixed income and mortgage stabilizing at cyclical low levels Noninterest Expense2 $1,795 million Up 6% – 8% Increased investment in technology, marketing, and personnel Net Charge-Offs 11 bps Updated: 25 bps – 35 bps Prior: 15 bps – 25 bps Modest normalization from very benign levels; update reflects $72 million idiosyncratic C&I charge-off in 3Q23, with remaining charge-offs expected to be in-line with prior guidance Tax Rate 21.5% 20% – 22% Timing of discrete items impacts quarterly rate CET1 Ratio 10.2% Updated: 11.0 % – 11.2% Prior: 11.25% – 11.75% Updated to reflect revised loan growth; no share buybacks in 2023 1Adjusted measures are non-GAAP and are reconciled in the appendix. 2Variability in Deferred Compensation may impact growth rates in noninterest income and noninterest expense but should have an offsetting and immaterial impact on pretax income. PPNR guidance continues to be within the range conveyed at investor day Updates from investor day guidance shown in blue

17 Diversified business model with highly attractive geographic footprint provides opportunity to deliver outperformance through a variety of economic cycles Strategic focus on delivering enhanced shareholder value 1 Strong balance sheet and prudent risk management to drive increased capital efficiency and returns 2 Client-centric model committed to serving as trusted advisor through Capital + Counsel as a core differentiator3 Disciplined execution of strategy and continuous improvement mindset to further enhance efficiency and productivity 4 Investing in the well-being of associates and communities is central to our purpose5

APPENDIX 18

19Numbers may not foot due to rounding. 1Adjusted financial measures, TBV per share, ROTCE, fully taxable equivalent measures, PPNR, and loans and leases, ACL and ratios excluding Loans to Mortgage Companies are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 3Q23 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.2Other includes equity compensation. 3Q23 CET1 Walkforward1,2 11.1% 0.21% (0.03)% 0.05% (0.12)% (0.07)% 11.1% 2Q23 CET1 Adjusted NIAC Notable Items Other Common Dividend Change in Loan Balances & Unfunded Commitments 3Q23 Estimate

20 7% 4% 4% 2% 2% 2% 1% 1% Multi- family Retail Industrial Office (non- med) Hospitality Medical office Other Land + residential • Disciplined risk management practice and underwriting standards across CRE portfolio • $4 million of net charge offs in 3Q23 from CRE in the total portfolio – $3 million of net charge-offs in office portfolio • Granular CRE loan book with less than 7% property type concentration across the total loan portfolio • Continued strong asset quality with 98.2% of CRE graded pass • Vacancy rate of 11% in office CRE, which compares favorably to the industry, which is experiencing vacancy of 19% in the southeast1 1FHN’s CRE database includes information for loans in the Pro CRE LOB, as well as market CRE loans above $5mm. Vacancy rates are based on this population. Industry statistics from Moody’s as of 2Q23. Diversified, high credit quality CRE portfolio Geographically diverse portfolio with minimal concentration across property types 27% 13% 12% 11% 10% 10% 9% 9% FL TX NC Other South Eastern All Other GA TN LA PE CRE by Property TypePE CRE by State Composition (% of total loans)

21 TN, 37% FL, 19% NC, 12% LA, 12% AL, 4% TX, 4% GA, 2% AR, 2% All other states, 3% Specialty Bank, 5% Well-diversified and stable funding mix1 • Stable, cost-effective deposits from a diverse commercial and consumer client base across 12-state footprint and specialty lines of business • Commercial deposits of $37.3 billion , or 56% and consumer of $29.7 billion, or 44% • Attractive lower-cost deposit base with 27% DDA 68% of 3Q23 deposits insured or collateralized All data as of September 30, 2023. 1Adjusted financial measures, core NII, core NIM, TBV per share, ROTCE, fully taxable equivalent measures, PPNR, and loans and leases, ACL and ratios excluding Loans to Mortgage Companies are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 3Q23 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. Throughout this presentation references to NII, Total Revenue, Net Interest Margin and PPNR are presented on a fully taxable equivalent basis unless otherwise noted. 68% of deposits insured or collateralized 3Q23 diversified deposit mix by product 27% 38% 12% 24% Demand deposit accounts Savings Time deposits Other interest-bearing deposits 3Q23 deposits by state ($s in billions) $40.8 61% $21.4 32% $4.8 7% Insured Uninsured & uncollateralized Collateralized

22 $244 $241 $234 $264 4Q23 1Q24 2Q24 3Q24 Agency MBS 43% Agency CMBS 24% Agency CMO 14% U.S. Agencies & UST 12% States & Municipalities 6% $10.3B $10.1B $10.3B $10.2B $9.8B 2.14% 2.41% 2.45% 2.49% 2.54% Average AFS Securities Average HTM Securities Average Yield 3Q22 4Q22 1Q23 2Q23 3Q23 Investment portfolio1 • Portfolio represents ~12% of total assets • Effective duration of 5.2 years • Low reliance on HTM designation at ~14% of total portfolio • 94% U.S. Government or Agency-backed by GSEs • Total unrealized losses of $1.8B vs $1.4B in 2Q23 1Adjusted financial measures, core NII, core NIM, TBV per share, ROTCE, fully taxable equivalent measures, PPNR, and loans and leases, ACL and ratios excluding Loans to Mortgage Companies are Non-GAAP and are reconciled to GAAP measures in the appendix. Throughout this presentation, references to EPS are fully diluted, 3Q23 capital ratios are estimates, and unless otherwise noted, references to loans reflect average balances and include leases. Throughout this presentation references to NII, Total Revenue, Net Interest Margin and PPNR are presented on a fully taxable equivalent basis unless otherwise noted. 2Calculated based on period end market values. 3Estimated as of 9/30/23; includes maturities and projected calls 3Q23 Highlights Prudently managed to support liquidity and IRR Steady principal cash flows3 Investment portfolio ($ in billions) 3Q22 4Q22 1Q23 2Q23 3Q23 % of total assets 12% 13% 13% 12% 12% Total unrealized losses (pre-tax) $(1.5) $(1.4) $(1.3) $(1.4) $(1.8) Effective duration (years) 5.3 5.3 5.2 5.2 5.2 Unencumbered securities / total securities2 52% 45% 44% 35% 33% ($ in millions) 3Q23 investment portfolio composition2

23 Notable Items ($s in millions except per share data) *3Q23 includes $10 million of restructuring expenses; 2Q23 includes $50 million contribution to First Horizon Foundation; 2Q23 and 4Q22 includes $15 million and $10 million, respectively of Visa derivative valuation expense. 2022 includes $22 million of Visa derivative valuation expense. **3Q23 includes after-tax notable items of $24 million related to the surrender of approximately $214 million in book value of bank owned life insurance policies, partially offset by an $11 million benefit from merger-related tax items. (In millions) 3Q23 2Q23 1Q23 4Q22 3Q22 Summary of Notable Items: Gain on merger termination $ — $ 225 $ — $ — $ — Gain on sale of title services business — — — 1 21 Gain related to equity securities investments — — — — 10 Net Merger/acquisition/transaction-related items — (30) (21) (36) (24) Other notable expenses* (10) (65) — (10) — Total notable items (pre-tax) (10) 130 (21) (45) 7 Tax related notable items** (13) — — — — EPS impact of notable items $ (0.04) $ 0.17 $ (0.03) $ (0.06) $ 0.01 (In millions) 2022 Summary of Notable Items: IBKC Branch sale gain (other noninterest income) $ 1 Gain on sale of title services business 22 Gain related to equity securities investments 16 Gain on sale of mortgage servicing rights 12 Merger related expenses (136) Other notable expenses* (22) Total notable items (107) EPS impact of notable items $ (0.15)

24 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. (a) Included in Total equity on the Consolidated Balance Sheet. (b) Includes goodwill and other intangible assets, net of amortization. Numbers may not foot due to rounding. CONSOLIDATED NON-GAAP TO GAAP RECONCILIATION ($s in millions, except per share data) Quarterly, Unaudited 3Q23 2Q23 1Q23 4Q22 3Q22 Tangible Common Equity (Non-GAAP) (A) Total equity (GAAP) $ 8,794 $ 8,960 $ 8,895 $ 8,547 $ 8,283 Less: Noncontrolling interest (a) 295 295 295 295 295 Less: Preferred stock (a) 520 520 1,014 1,014 1,014 (B) Total common equity $ 7,978 $ 8,144 $ 7,586 $ 7,238 $ 6,974 Less: Intangible assets (GAAP) (b) 1,709 1,720 1,732 1,744 1,757 (C) Tangible common equity (Non-GAAP) $ 6,270 $ 6,424 $ 5,853 $ 5,494 $ 5,217 Tangible Assets (Non-GAAP) (D) Total assets (GAAP) $ 82,533 $ 85,071 $ 80,729 $ 78,953 $ 80,299 Less: Intangible assets (GAAP) (b) 1,709 1,720 1,732 1,744 1,757 (E) Tangible assets (Non-GAAP) $ 80,825 $ 83,351 $ 78,997 $ 77,209 $ 78,542 Period-end Shares Outstanding (F) Period-end shares outstanding 559 559 538 537 537 Ratios (A)/(D) Total equity to total assets (GAAP) 10.65 % 10.53 % 11.02 % 10.83 % 10.32 % (C)/(E) Tangible common equity to tangible assets (“TCE/TA”) (Non-GAAP) 7.76 % 7.71 % 7.41 % 7.12 % 6.64 % (B)/(F) Book value per common share (GAAP) $ 14.28 $ 14.58 $ 14.11 $ 13.48 $ 12.99 (C)/(F) Tangible book value per common share (Non-GAAP) $ 11.22 $ 11.50 $ 10.89 $ 10.23 $ 9.72

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. CONSOLIDATED NON-GAAP TO GAAP RECONCILIATION ($s in millions, except per share data) Quarterly, Unaudited 3Q23 2Q23 1Q23 4Q22 3Q22 Adjusted Diluted EPS Net income available to common shareholders ("NIAC") (GAAP) a $ 129 $ 317 $ 243 $ 258 $ 257 Plus Tax effected notable items (Non-GAAP) (a) 20 (98) 16 34 (5) Adjusted net income available to common shareholders (Non-GAAP) b $ 150 $ 219 $ 259 $ 293 $ 252 Diluted Shares (GAAP)8 c 561 561 572 572 570 Diluted EPS (GAAP) a/c $ 0.23 $ 0.56 $ 0.43 $ 0.45 $ 0.45 Adjusted diluted EPS (Non-GAAP) b/c $ 0.27 $ 0.39 $ 0.45 $ 0.51 $ 0.44 Adjusted Net Income ("NI") and Adjusted Return on Assets ("ROA") Net Income ("NI") (GAAP) $ 142 $ 329 $ 256 $ 270 $ 268 Plus Tax effected notable items (Non-GAAP) (a) 20 (98) 16 34 (5) Adjusted NI (Non-GAAP) $ 163 $ 231 $ 271 $ 304 $ 263 NI (annualized) (GAAP) d $ 565 $ 1,320 $ 1,037 $ 1,070 $ 1,063 Adjusted NI (annualized) (Non-GAAP) e $ 646 $ 928 $ 1,100 $ 1,206 $ 1,045 Average assets (GAAP) f $ 83,220 $ 82,304 $ 78,841 $ 79,521 $ 82,551 ROA (GAAP) d/f 0.68 % 1.60 % 1.32 % 1.35 % 1.29 % Adjusted ROA (Non-GAAP) e/f 0.78 % 1.13 % 1.40 % 1.52 % 1.27 % Return on Average Common Equity ("ROCE")/ Return on Average Tangible Common Equity ("ROTCE")/ Adjusted ROTCE Net income available to common shareholders ("NIAC") (annualized) (GAAP) g $ 513 $ 1,270 $ 987 $ 1,025 $ 1,020 Adjusted Net income available to common shareholders (annualized) (Non-GAAP) h $ 594 $ 878 $ 1,050 $ 1,161 $ 1,001 Average Common Equity (GAAP) i $ 8,163 $ 7,747 $ 7,398 $ 7,106 $ 7,360 Intangible Assets (GAAP) (b) 1,714 1,726 1,738 1,750 1,767 Average Tangible Common Equity (Non-GAAP) j $ 6,448 $ 6,021 $ 5,659 $ 5,356 $ 5,593 ROCE (GAAP) g/i 6.28 % 16.40 % 13.34 % 14.42 % 13.85 % ROTCE (Non-GAAP) g/j 7.95 % 21.10 % 17.43 % 19.14 % 18.23 % Adjusted ROTCE (Non-GAAP) h/j 9.21 % 14.59 % 18.55 % 21.68 % 17.89 % (a) Amounts adjusted for notable items as detailed on page 22 (b) Includes goodwill and other intangible assets, net of amortization. Numbers may not foot due to rounding

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. CONSOLIDATED NON-GAAP TO GAAP RECONCILIATION (In millions) Quarterly, Unaudited 3Q23 2Q23 1Q23 4Q22 3Q22 Adjusted Noninterest Income as a % of Total Revenue Noninterest income (GAAP) k $ 173 $ 400 $ 171 $ 174 $ 213 Plus notable items (GAAP) (a) — (225) — (1) (32) Adjusted noninterest income (Non-GAAP) l $ 173 $ 175 $ 171 $ 173 $ 181 Revenue (GAAP) m $ 778 $ 1,031 $ 859 $ 882 $ 875 Taxable-equivalent adjustment 4 4 4 4 4 Revenue- Taxable-equivalent (Non-GAAP) 782 1,035 863 886 878 Plus notable items (GAAP) (a) — (225) — (1) (32) Adjusted revenue (Non-GAAP) n $ 782 $ 810 $ 863 $ 885 $ 847 Noninterest income as a % of total revenue (GAAP) k/m 22.27 % 38.82 % 19.94 % 19.68 % 24.30 % Adjusted noninterest income as a % of total revenue (Non-GAAP) l/n 22.16 % 21.63 % 19.85 % 19.55 % 21.37 % Adjusted Efficiency Ratio Noninterest expense (GAAP) o $ 474 $ 555 $ 478 $ 503 $ 468 Plus notable items (GAAP) (a) (10) (95) (21) (46) (25) Adjusted noninterest expense (Non-GAAP) p $ 465 $ 461 $ 457 $ 458 $ 444 Revenue (GAAP) q $ 778 $ 1,031 $ 859 $ 882 $ 875 Taxable-equivalent adjustment 4 4 4 4 4 Revenue- Taxable-equivalent (Non-GAAP) 782 1,035 863 886 878 Plus notable items (GAAP) (a) — (225) — (1) (32) Adjusted revenue (Non-GAAP) r $ 782 $ 810 $ 863 $ 885 $ 847 Efficiency ratio (GAAP) o/q 60.92 % 53.87 % 55.65 % 57.07 % 53.56 % Adjusted efficiency ratio (Non-GAAP) p/r 59.39 % 56.90 % 52.95 % 51.70 % 52.42 % (a) Amounts adjusted for notable items as detailed on page 22 (b) Includes goodwill and other intangible assets, net of amortization. Numbers may not foot due to rounding

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. Numbers may not foot due to rounding Period-end Average ($s in millions) 3Q23 2Q23 3Q23 vs. 2Q23 3Q23 2Q23 3Q23 vs. 2Q23 Loans excluding LMC Total Loans (GAAP) $ 61,778 $ 61,295 $ 483 1 % $ 61,432 $ 59,924 $ 1,508 3 % LMC (GAAP) 2,237 2,691 (454) (17) % 2,353 2,262 90 4 % Total Loans excl. LMC (Non-GAAP) 59,541 58,604 937 2 % 59,079 57,662 1,417 2 % Total Consumer (GAAP) 14,494 14,289 205 1 % 14,391 13,873 518 4 % Total Commercial excl. LMC (Non-GAAP) 45,047 44,315 732 2 % 44,688 43,789 899 2 % Total CRE (GAAP) 14,121 13,891 230 2 % 13,999 13,628 371 3 % Total C& I excl. LMC (Non-GAAP) $ 30,926 $ 30,424 $ 502 2 % $ 30,689 $ 30,161 $ 528 2 % FY 2022 Adjusted Results (In millions) 2022 Net interest income (GAAP) $ 2,392 Taxable-equivalent adjustment 13 Net interest income - taxable-equivalent (Non-GAAP) $ 2,405 Noninterest income (GAAP) $ 816 Plus notable items (GAAP) (a) (51) Adjusted noninterest income (Non-GAAP) $ 765 Noninterest expense (GAAP) $ 1,953 Plus notable items (GAAP) (a) (158) Adjusted noninterest expense (Non-GAAP) $ 1,795

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. (a) Amounts adjusted for notable items as detailed on page 22. Numbers may not foot due to rounding