8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) - January 19, 2010

FIRST HORIZON NATIONAL CORPORATION

(Exact Name of Registrant as Specified in Charter)

TENNESSEE
(State or Other Jurisdiction
of Incorporation) 001-15185
(Commission
File Number) 62-0803242
(IRS Employer
Identification No.)

165 MADISON AVENUE
MEMPHIS, TENNESSEE
(Address of Principal Executive Office) 38103
(Zip Code)

Registrant’s telephone number, including area code - (901) 523-4444

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01. REGULATION FD DISCLOSURE

Furnished as Exhibit 99.1 is a copy of First Horizon National Corporation Financial Supplement and Investor Slide Presentation for the quarter ended December 31, 2009, which are scheduled to be released January 19, 2010.

ITEM 9.01. Financial Statements and Exhibits

(c) Exhibits

The following exhibit is furnished pursuant to Item 7.01, is not to be considered “filed” under the Securities Exchange Act of 1934, as amended (“Exchange Act”), and shall not be incorporated by reference into any of First Horizon National Corporation’s (“Corporation”) previous or future filings under the Securities Act of 1933, as amended, or the Exchange Act.

Exhibit #	Description
99.1	First Horizon National Corporation Financial Supplement and Investor Slide Presentation for the quarter ended December 31, 2009.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FIRST HORIZON NATIONAL CORPORATION
Date: January 19, 2010	By:	/s/ William C. Losch III
		Name:	William C. Losch III
		Title:	Executive Vice President and Chief Financial Officer

Exhibit Index

The following exhibit is furnished pursuant to Item 7.01 is not to be considered “filed” under the Exchange Act, and shall not be incorporated by reference into any of the Corporation’s previous or future filings under the Securities Act of 1933, as amended, or the Exchange Act.

Exhibit #	Description
99.1	First Horizon National Corporation Financial Supplement and Investor Slide Presentation for the quarter ended December 31, 2009.

EX-99.1

Exhibit 99.1

FOURTH QUARTER 2009

FINANCIAL SUPPLEMENT

If you need further information, please contact:
Aarti Bowman, Investor Relations
901-523-4017
aagoorha@firsthorizon.com

TABLE OF CONTENTS

	Page
First Horizon National Corporation Segment Structure		3
Performance Highlights		4
Charges for Restructuring, Repositioning, & Efficiency Initiatives		6
Consolidated Results
Income Statement
Summary Results		7
Income Statement		8
Other Income and Other Expense		9
Balance Sheet
Period End Balance Sheet		10
Average and Period End Loans		11
Average Balance Sheet		12
Average Balance Sheet: Income & Expense		13
Average Balance Sheet: Yields & Rates		14
Mortgage Servicing Rights		15
Business Segment Detail
Segment Highlights		16
Regional Banking		17
Capital Markets		18
Corporate		19
Mortgage Banking		20
Mortgage Banking: Servicing		21
National Specialty Lending		22
Capital Highlights		23
Asset Quality
Asset Quality: Consolidated		24
Analysis of Individually Impaired Loans, ORE, & NPL Rollforward		26
Asset Quality: Regional Banking		27
Asset Quality: Mortgage Banking & Capital Markets		28
Asset Quality: National Specialty Lending		29
Asset Quality Highlights: Key Portfolios — Commercial		30
Asset Quality Highlights: Key Portfolios — Consumer		31
Asset Quality Process		32
Glossary of Terms		33
Non-GAAP to GAAP Reconciliation		34

Other Information

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

Use of Non-GAAP Measures

Certain capital-related non-GAAP ratios are included in this financial supplement. FHN’s management believes such ratios are relevant to understanding the capital position and results of the Company. The non-GAAP ratios presented in this Financial Supplement are tangible common equity to tangible common assets, tangible book value per common share, tier 1 common to risk weighted assets, and adjusted tangible common equity to risk weighted assets. These ratios are reported to FHN’s management and Board of Directors through various internal reports. Additionally, disclosure of these ratios provides a meaningful base for comparability to other financial institutions as these ratios have become an important measure of the capital strength of banks as demonstrated by the inclusion in the stress tests administered by the United States Treasury Department under the Capital Assistance Program. Non-GAAP measures are not formally defined by GAAP or codified in the federal banking regulations, and other entities may use calculation methods that differ from those used by FHN. Tier 1 capital is a regulatory term and is generally defined as the sum of core capital (including common equity and instruments that can not be redeemed at the option of the holder) adjusted for certain items under risk based capital regulations. Also a regulatory term, risk weighted assets includes total assets adjusted for credit risk and is used to determine capital ratios. Refer to the tabular reconciliation of non-GAAP to GAAP measures and presentation of the most comparable GAAP items on page 34 of this financial supplement.

FIRST HORIZON NATIONAL CORPORATION SEGMENT STRUCTURE

Regional Banking

-Traditional banking services for consumers and businesses

-Activities include lending and deposit taking, investments, insurance, financial planning, trust services, asset management, cash management, and health savings accounts

-Primarily southeastern U.S. footprint, with 183 financial centers in Tennessee and nearby markets

-First Tennessee banking franchise and middle market lending are key businesses

Capital Markets

-Fixed income sales, trading, and strategies for institutional clients in U.S. and abroad

-Other capital markets products include:

-Portfolio advisory

-Derivatives

-Loan trading

-Correspondent banking provides credit, depository, and other banking related services to other financial institutions

Corporate

-Includes executive management, enterprise-wide risk management, corporate finance, corporate communications, low income housing activities, and legal functions

-Also includes funding function for the corporation and any impact from balance sheet positioning

Mortgage Banking

-Primarily consists of first lien mortgage originations in the Tennessee market and legacy servicing

-In a transaction that closed on August 31, 2008, First Horizon National Corp. sold its mortgage servicing platform and origination offices outside Tennessee

National Specialty Lending

-Wind-down portfolio that includes lending activities such as consumer lending and construction lending outside the Regional Banking footprint

-Construction lending includes national home builder, one-time close, and commercial real estate portfolios

- In January 2008, FHN announced the discontinuation of national home builder and commercial real estate lending through its First Horizon Construction Lending offices

-Consumer lending consists mainly of national retail-originated home equity loans and lines

3

PERFORMANCE HIGHLIGHTS

Summary of Fourth Quarter 2009 Significant Items

(in millions)

Segment	Item	Income Statement	Pre-Tax			Comments
Corporate	Restructuring, Repositioning, & Efficiency Initiatives	Noninterest expense: Other	$	(13.4	)	Contract cancellation resulting in $9.4 million asset write-off and $4.0 million termination fee. Charges resulted in a $4 million cash impact.
	Restructuring, Repositioning, & Efficiency Initiatives	Various	$	(12.1	)	Restructuring costs related to the sale and closure of Atlanta insurance business. Charges resulted in a $1 million cash impact.
	Restructuring, Repositioning, & Efficiency Initiatives	Various	$	(5.1	)	Restructuring costs related to the sale and closure of Louisville Remittance Processing (lockbox service). Charges resulted in a $1 million cash impact.
	Restructuring, Repositioning, & Efficiency Initiatives	Various expense	$	(0.6	)	Miscellaneous other non-cash charges related to repositioning activities. Includes $.3 million expense reflected in discontinued operations.
Mortgage Banking	Foreclosure and Repurchase Provision	Noninterest expense: Mortgage banking foreclosure and repurchase provision	$	(59.3	)	Provision related to legacy origination platform from mortgage foreclosure and repurchase activity.
Various	OREO Fair Value Adjustments and Expenses	Noninterest expense: Other	$	(13.1	)	Primarily reflects depreciation in OREO fair value and losses on sales.

(Fourth Quarter 2009 vs. Third Quarter 2009)

Asset Quality

- Allowance as a percentage of loans ratio decreased to 495 basis points from 510 basis points in prior quarter

- Reflects $47.9 million reserve decrease in current quarter

- NPAs decreased 14 percent from prior quarter, NPA ratio decreased to 556 basis points from 638 basis points

- NPL decline is primarily a result of national construction loan wind-down

- Provision expense decreased to $135.0 million in the fourth quarter compared to $185.0 million in third quarter

- Commercial Portfolio

- Increase in C&I reserves is primarily related to concern in bank holding company and trust preferred loan portfolios

- Income CRE reserves relatively flat compared with prior quarter

- Residential CRE reserves decreased as national portfolio winds down

- Consumer Portfolio

- Home equity reserves slightly increased in regional banking, $18.1 million reserve decrease in national specialty lending

- Permanent mortgage reserves increased $23.1 million in response to increased observed severities

- OTC reserves decreased by $47.7 million as a result of the portfolio wind down and better than expected resolutions

- Net charge-offs were 400 annualized basis points of average loans, down from 424 basis points in prior quarter

- Net charge-offs were $182.9 million in fourth quarter compared to $201.7 million in prior quarter

- Income CRE and Res CRE net charge-offs ratios increased, all other portfolios were flat or decreased from prior quarter

- Charging off almost all impaired commercial loan balances down to most likely estimate of collateral value net of costs to sell

Capital

- Continued quarterly dividend payable in common stock

- Current ratios improved and continue to benefit from balance sheet contraction (estimated based on period end balances)

- 7.75% for tangible common equity to tangible assets

- 16.3% for Tier I

- 21.8% for Total Capital

- 9.8% for Tier 1 Common

- CPP Preferred dividend of $14.9 million in fourth quarter

- $10.8 million effect of cash dividend

- $4.1 million of amortization to accrete initial discounted book value up to face value

Taxes

- Approximately $4 million positive quarterly effect from permanent tax credits

- Prior quarter included an $8.4 million negative tax effect due to surrender of BOLI contract

4

PERFORMANCE HIGHLIGHTS (continued)

(Fourth Quarter 2009 vs. Third Quarter 2009)

Regional Banking

- Net interest margin expanded to 4.97% from 4.80% in third quarter

- Reflects favorable loan pricing on commercial loans and reduction in commercial balances with lower spreads

- Noninterest income decreased to $79.5 million from $81.4 million in third quarter

- Provision expense decreased to $43.5 million from $63.1 million

- Reduction in commercial reserves more than offset the home equity reserve increase

- Noninterest expense decreased to $154.7 million from $169.9 million in prior quarter

- Current quarter personnel expense declined by $3.5 million from third quarter

- Losses on foreclosed assets were down $6.6 million and credit losses on customer derivatives also declined from third quarter

Capital Markets

- Fixed income revenues were $111.0 million in fourth quarter compared to $120.5 million in prior quarter

- Average daily revenue of $1.8 million in fourth quarter, down slightly from $1.9 million in prior quarter

- Other product revenues were $8.5 million in fourth quarter compared to $10.3 million in third quarter

- Provision expense decreased to $24.2 million from $54.2 million

- Experienced lower charge-offs in the fourth quarter, but incremental deterioration in bank holding company and trust preferred loan portfolios

- Noninterest expense decreased $4.4 million to $82.1 million as a result of lower production volumes

Corporate

- Net pre-tax restructuring, repositioning, and efficiency charges were $31.2 million in fourth quarter 2009 compared with $15.7 million in third quarter

- Noninterest income declined by $23.4 million as fourth quarter reflects $9.2 million loss on divestitures

- Current quarter includes $3.6 million of gains on the repurchase of debt, prior quarter included $12.8 million of gains

- Noninterest expense increased $23.5 million to $40.7 million

- Reflects $22.3 million loss due to restructuring, repositioning, and efficiency initiatives

- Current quarter includes $.3 million goodwill impairment compared to prior quarter’s $14.0 million goodwill impairment within discontinued operations related to FTN Financial’s institutional equity research group

Mortgage Banking

- Noninterest income declined to $46.1 million from $60.8 million in third quarter

- Positive net hedging results were $24.2 million compared to $30.8 million in the prior quarter

- Decreased origination income primarily due to $3 million negative fair value adjustment to the mortgage warehouse

- Prior quarter included $5 million positive fair value adjustment to the mortgage warehouse

- Noninterest expense increased to $79.6 million in fourth quarter from $48.1 million in prior quarter

- Provisioning for foreclosure and repurchase losses related to legacy origination platform of $59.3 million in fourth quarter, $25.8 million in prior quarter

- Provision expense increased $21.1 million to $9.3 million reflecting deterioration in the Permanent Mortgage portfolio

National Specialty Lending

- Period-end loans declined approximately $487 million

- Provision for loan losses decreased $21.6 million

- Reflects $65 million reserve reduction primarily due to wind-down of OTC and Homebuilder portfolios

- Noninterest income decreased sequentially by $5.3 million due to a third quarter transfer of MSR and a residual valuation adjustment

- Noninterest expense increased to $33.1 million from $28.2 million in the third quarter

- Increase in noninterest expense due to higher foreclosure costs

5

CHARGES FOR RESTRUCTURING, REPOSITIONING, & EFFICIENCY INITIATIVES
Quarterly, Unaudited

(Thousands, rounded)	4Q09			3Q09			2Q09			1Q09			4Q08
By Income Statement Impact
Noninterest income
Mortgage banking	$	600		$	—		$	—		$	(1,100	)	$	—
Losses on divestitures		(9,200	)		—			—			—			(100	)
Noninterest expense
Employee compensation, incentives, and benefits		1,400			700			700			2,700			500
Legal and professional fees		600			—			—			100			300
Occupancy		1,700			800			(600	)		—			(200	)
Goodwill impairment		2,300			—			—			—			—
All other expense		16,300			—			200			800			9,500
Total loss before income taxes		(30,900	)		(1,500	)		(300	)		(4,700	)		(10,200	)
Loss from discontinued operations, net of tax (a)		(300	)		(14,200	)		—			—			(100	)
Net loss	$	(31,200	)	$	(15,700	)	$	(300	)	$	(4,700	)	$	(10,300	)

Certain previously reported amounts have been reclassified to agree with current presentation.
(a)	3Q09 and 4Q09 primarily includes goodwill impairment related to the Capital Markets institutional equity research business.

6

CONSOLIDATED SUMMARY RESULTS
Quarterly, Unaudited

																4Q09 Change vs.
(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Income Statement Highlights
Net interest income	$	189,894		$	190,901		$	199,086		$	196,587		$	204,948			(1	)%		(7	)%
Noninterest income		247,095			303,753			284,513			399,348			325,021			(19	)%		(24	)%
Securities gains/(losses), net		(911	)		65			(330	)		(2	)		1,346		NM			NM
Total revenue		436,078			494,719			483,269			595,933			531,315			(12	)%		(18	)%
Noninterest expense		390,343			349,901			402,486			407,803			334,569			12	%		17	%
Provision for loan losses		135,000			185,000			260,000			300,000			280,000			(27	)%		(52	)%
Loss before income taxes		(89,265	)		(40,182	)		(179,217	)		(111,870	)		(83,254	)		(122	)%		(7	)%
Benefit for income taxes		(38,111	)		(15,368	)		(74,043	)		(47,423	)		(31,317	)		(148	)%		(22	)%
Loss from continuing operations		(51,154	)		(24,814	)		(105,174	)		(64,447	)		(51,937	)		(106	)%		2	%
Income/(loss) from discontinued operations, net of tax		(1,690	)		(10,200	)		(308	)		(648	)		442			83	%	NM
Net loss		(52,844	)		(35,014	)		(105,482	)		(65,095	)		(51,495	)		(51	)%		(3	)%
Net income attributable to noncontrolling interest (a)		2,839			2,969			2,844			2,750			4,236			(4	)%		(33	)%
Net loss attributable to controlling interest		(55,683	)		(37,983	)		(108,326	)		(67,845	)		(55,731	)		(47	)%		*
Preferred stock dividends (b)		14,897			14,876			14,856			14,956			7,413			*			101	%
Loss available to common shareholders	$	(70,580	)	$	(52,859	)	$	(123,182	)	$	(82,801	)	$	(63,144	)		(34	)%		(12	)%
Common Stock Data
Diluted EPS from continuing operations (c)	$	(0.31	)	$	(0.19	)	$	(0.56	)	$	(0.37	)	$	(0.29	)		(60	)%		(7	)%
Diluted EPS (c)		(0.32	)		(0.24	)		(0.56	)		(0.37	)		(0.29	)		(33	)%		(11	)%
Diluted shares (c)		220,438			220,438			220,384			220,382			220,312			*			*
Period-end shares outstanding (c)		221,980			221,927			221,903			221,621			220,745			*			1	%
Stock dividend rate declared per share		1.4971	%		1.5901	%		1.5782	%		2.6673	%		1.8370	%
Balance Sheet Highlights (Period End)
Total loans, net of unearned income	$	18,123,884		$	18,524,685		$	19,585,827		$	20,572,477		$	21,278,190			(2	)%		(15	)%
Total deposits		14,867,215			14,234,983			14,977,461			14,910,055			14,241,814			4	%		4	%
Total assets		26,068,678			26,465,852			28,758,943			31,208,024			31,021,980			(2	)%		(16	)%
Total liabilities		22,766,210			23,095,643			25,364,961			27,700,348			27,447,348			(1	)%		(17	)%
Total equity		3,302,468			3,370,209			3,393,982			3,507,676			3,574,632			(2	)%		(8	)%
Asset Quality Highlights
Allowance for loan losses	$	896,914		$	944,765		$	961,482		$	940,932		$	849,210			(5	)%		6	%
Allowance / period-end loans		4.95	%		5.10	%		4.91	%		4.57	%		3.99	%
Net charge-offs	$	182,851		$	201,718		$	239,449		$	208,278		$	191,246			(9	)%		(4	)%
Net charge-offs (annualized) / average loans		4.00	%		4.24	%		4.77	%		3.97	%		3.61	%
Non-performing assets (NPA)	$	1,051,393		$	1,220,489		$	1,233,077		$	1,252,153		$	1,157,957			(14	)%		(9	)%
NPA % (d)		5.56	%		6.38	%		6.15	%		5.98	%		5.38	%
Key Ratios & Other
Return on average assets (annualized)		(0.79	)%		(0.52	)%		(1.46	)%		(0.87	)%		(0.66	)%
Return on average common equity (annualized)		(12.25	)%		(9.02	)%		(20.96	)%		(13.44	)%		(9.30	)%
Net interest margin		3.19	%		3.14	%		3.05	%		2.89	%		2.96	%
Fee income to total revenue		57	%		61	%		59	%		67	%		61	%
Efficiency ratio		89.51	%		70.73	%		83.28	%		68.43	%		62.97	%
Book value per common share	$	9.95		$	10.28		$	10.40		$	10.95		$	11.31
Tangible book value per common share (e)	$	9.03		$	9.29		$	9.35		$	9.88		$	10.22
Adjusted tangible common equity to risk weighted assets (e)		9.06	%		9.06	%		8.71	%		8.61	%		8.80	%
FTE employees		5,731			5,837			5,971			6,033			6,095			(2	)%		(6	)%

NM — Not meaningful
*	Amount is less than one percent.
Certain previously reported amounts have been reclassified to agree with current presentation.
(a)	Represents preferred dividends previously reported in NIOE. Currently reported as noncontrolling interest due to adoption of change in accounting for presentation of minority interests.
(b)	4Q09 includes $4.1 million amortization of initial discounted book value of CPP preferred.
(c)	Shares restated for stock dividends distributed through January 1, 2010.
(d)	NPAs related to the loan portfolio over period-end loans plus foreclosed real estate and other assets.
(e)	Refer to the Non-GAAP to GAAP Reconciliation on page 34 of this financial supplement.

7

CONSOLIDATED INCOME STATEMENT
Quarterly, Unaudited

																4Q09 Change vs.
(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Interest income	$	230,991		$	236,360		$	255,495		$	270,093		$	331,554			(2	)%		(30	)%
Less interest expense		41,097			45,459			56,409			73,506			126,606			(10	)%		(68	)%
Net interest income		189,894			190,901			199,086			196,587			204,948			(1	)%		(7	)%
Provision for loan losses		135,000			185,000			260,000			300,000			280,000			(27	)%		(52	)%
Net interest income/(loss) after provision for loan losses		54,894			5,901			(60,914	)		(103,413	)		(75,052	)	NM				173	%
Noninterest income:
Capital markets		117,966			129,043			179,384			205,700			163,021			(9	)%		(28	)%
Mortgage banking (a)		45,007			59,211			15,483			115,749			80,087			(24	)%		(44	)%
Deposit transactions and cash management		41,176			41,738			41,815			39,032			43,882			(1	)%		(6	)%
Trust services and investment management		7,664			7,347			7,651			6,820			7,675			4	%		*
Brokerage management fees and commissions		6,518			7,315			6,469			6,632			7,307			(11	)%		(11	)%
Insurance commissions		5,868			5,907			6,555			6,918			6,806			(1	)%		(14	)%
Securities gains/(losses), net		(911	)		65			(330	)		(2	)		1,346		NM				(168	)%
Revenue from loan sales and securitizations		(1,131	)		2,155			552			969			(782	)		(152	)%		(45	)%
Losses on divestitures (a)		(9,183	)		—			—			—			(106	)	NM			NM
Other (b)		33,210			51,037			26,604			17,528			17,131			(35	)%		94	%
Total noninterest income		246,184			303,818			284,183			399,346			326,367			(19	)%		(25	)%
Adjusted gross income after provision for loan losses		301,078			309,719			223,269			295,933			251,315			(3	)%		20	%
Noninterest expense:
Employee compensation, incentives and benefits (a)		163,280			178,734			193,392			242,175			173,549			(9	)%		(6	)%
Mortgage banking foreclosure and repurchase provision		59,344			25,751			29,099			12,267			2,752			130	%	NM
Legal and professional fees (a)		20,433			17,077			14,742			13,869			17,463			20	%		17	%
Occupancy (a)		17,937			16,207			15,536			15,722			18,787			11	%		(5	)%
Operations services		15,046			15,392			16,708			15,339			18,148			(2	)%		(17	)%
Foreclosed real estate		13,144			21,221			21,798			10,033			8,189			(38	)%		61	%
Contract employment		9,134			7,956			8,966			10,161			11,567			15	%		(21	)%
Equipment rentals, depreciation and maintenance		8,744			8,695			8,238			8,628			11,373			1	%		(23	)%
Deposit insurance premium		8,495			8,796			21,353			7,628			4,288			(3	)%		98	%
Computer software		6,655			6,871			6,474			6,883			7,134			(3	)%		(7	)%
Communications and courier		6,272			6,837			6,931			6,920			7,403			(8	)%		(15	)%
Loan closing costs		5,994			4,503			7,414			5,139			3,129			33	%		92	%
Goodwill Impairment (a)		2,294			—			—			—			—		NM			NM
Amortization of intangible assets		1,427			1,445			1,509			1,636			1,805			(1	)%		(21	)%
Other (a)(c)		52,144			30,416			50,326			51,403			48,982			71	%		6	%
Total noninterest expense		390,343			349,901			402,486			407,803			334,569			12	%		17	%
Loss before income taxes		(89,265	)		(40,182	)		(179,217	)		(111,870	)		(83,254	)		(122	)%		(7	)%
Benefit for income taxes		(38,111	)		(15,368	)		(74,043	)		(47,423	)		(31,317	)		(148	)%		(22	)%
Loss from continuing operations	$	(51,154	)	$	(24,814	)	$	(105,174	)	$	(64,447	)	$	(51,937	)		(106	)%		2	%
Income/(loss) from discontinued operations, net of tax (a)		(1,690	)		(10,200	)		(308	)		(648	)		442			83	%	NM
Net loss	$	(52,844	)	$	(35,014	)	$	(105,482	)	$	(65,095	)	$	(51,495	)		(51	)%		(3	)%
Net income attributable to noncontrolling interest (c)		2,839			2,969			2,844			2,750			4,236			(4	)%		(33	)%
Net loss attributable to controlling interest	$	(55,683	)	$	(37,983	)	$	(108,326	)	$	(67,845	)	$	(55,731	)		(47	)%		*
Preferred stock dividends (d)		14,897			14,876			14,856			14,956			7,413			*			101	%
Net loss available to common shareholders	$	(70,580	)	$	(52,859	)	$	(123,182	)	$	(82,801	)	$	(63,144	)		(34	)%		(12	)%

NM — Not meaningful

* Amount is less than one percent.

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

4Q09 Key Impacts

(a)	Includes a portion of net charges for $31.2 million, see Restructuring, Repositioning & Efficiency Initiatives page for further details.
(b)	Includes $3.6 million gain on repurchase of debt.
(c)	Represents preferred dividends previously reported in NIOE. Currently reported as noncontrolling interest due to adoption of change in accounting for presentation of minority interests.
(d)	Includes $4.1 million amortization of initial discounted book value of CPP preferred.

8

OTHER INCOME AND OTHER EXPENSE
Quarterly, Unaudited

															4Q09 Change vs.
(Thousands)	4Q09			3Q09		2Q09			1Q09			4Q08			3Q09			4Q08
Other Income
Bank owned life insurance	$	5,252		$	6,066	$	4,295		$	4,131		$	5,107			(13	)%		3	%
Bankcard income		5,016			5,173		5,076			4,896			5,226			(3	)%		(4	)%
ATM interchange fees		3,697			2,704		2,729			2,205			2,485			37	%		49	%
Gain on repurchase of debt		3,552			12,800		—			60			2,330			(72	)%		52	%
Other service charges		2,451			2,645		3,030			3,521			3,002			(7	)%		(18	)%
Remittance processing		2,280			2,968		3,374			3,143			3,160			(23	)%		(28	)%
Reinsurance fees		1,786			1,760		2,788			2,796			2,624			1	%		(32	)%
Letter of credit		1,785			1,476		1,368			1,360			1,322			21	%		35	%
Electronic banking fees		1,428			1,465		1,518			1,609			1,492			(3	)%		(4	)%
Deferred compensation		466			5,006		4,957			(2,743	)		(12,531	)		(91	)%		104	%
Consumer loan repurchases		(158	)		1,760		(11,982	)		(9,950	)		(2,389	)		(109	)%		93	%
Other		5,655			7,214		9,451			6,500			5,303			(22	)%		7	%
Total	$	33,210		$	51,037	$	26,604		$	17,528		$	17,131			(35	)%		94	%
Other Expense
Advertising and public relations	$	5,567		$	5,465	$	5,229		$	5,813		$	7,284			2	%		(24	)%
Low income housing expense		5,533			5,833		5,509			5,125			4,289			(5	)%		29	%
Other insurance and taxes		3,326			2,924		3,239			2,899			2,838			14	%		17	%
Travel and entertainment		2,383			2,139		2,691			2,334			2,834			11	%		(16	)%
Customer relations		1,961			1,610		1,960			2,288			1,896			22	%		3	%
Loan insurance expense		1,854			1,988		2,057			1,912			1,482			(7	)%		25	%
Supplies		1,309			1,570		1,512			270			2,020			(17	)%		(35	)%
Bank examination costs		1,194			1,194		1,248			1,248			514			*			132	%
Employee training and dues		1,083			1,282		1,537			1,425			1,759			(16	)%		(38	)%
Fed services fees		1,044			1,307		1,360			1,367			1,526			(20	)%		(32	)%
Other (a)		26,890			5,104		23,984			26,722			22,540		NM				19	%
Total	$	52,144		$	30,416	$	50,326		$	51,403		$	48,982			71	%		6	%

NM — Not meaningful

* Amount is less than one percent.

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

4Q09 Key Impacts

(a) Includes a portion of net charges for $31.2 million, see Restructuring, Repositioning & Efficiency Initiatives page for further details.

9

CONSOLIDATED PERIOD-END BALANCE SHEET
Quarterly, Unaudited

																4Q09 Change vs.
(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Assets
Investment securities	$	2,694,468		$	2,645,922		$	2,821,079		$	3,016,013		$	3,125,153			2	%		(14	)%
Loans held for sale		452,501			502,687			481,284			643,518			566,654			(10	)%		(20	)%
Loans, net of unearned income		18,123,884			18,524,685			19,585,827			20,572,477			21,278,190			(2	)%		(15	)%
Federal funds sold and securities purchased under agreements to resell		452,883			622,733			531,638			515,858			772,357			(27	)%		(41	)%
Interest bearing cash (a)		539,300			166,352			672,553			1,174,442			207,792		NM				160	%
Trading securities		699,900			701,151			1,117,212			933,316			945,766			*			(26	)%
Total earning assets		22,962,936			23,163,530			25,209,593			26,855,624			26,895,912			(1	)%		(15	)%
Cash and due from banks		465,712			328,150			419,696			438,181			552,423			42	%		(16	)%
Capital markets receivables		334,404			797,949			959,514			1,502,033			1,178,932			(58	)%		(72	)%
Mortgage servicing rights, net		302,611			289,282			337,096			381,024			376,844			5	%		(20	)%
Goodwill		165,528			178,381			192,408			192,408			192,408			(7	)%		(14	)%
Other intangible assets, net		38,256			40,498			41,937			43,446			45,081			(6	)%		(15	)%
Premises and equipment, net		313,824			321,788			325,666			330,299			333,931			(2	)%		(6	)%
Real estate acquired by foreclosure (b)		125,190			111,389			116,584			132,653			125,538			12	%		*
Allowance for loan losses		(896,914	)		(944,765	)		(961,482	)		(940,932	)		(849,210	)		5	%		(6	)%
Other assets		2,257,131			2,179,650			2,117,931			2,273,288			2,170,121			4	%		4	%
Total assets	$	26,068,678		$	26,465,852		$	28,758,943		$	31,208,024		$	31,021,980			(2	)%		(16	)%
Liabilities and Equity
Deposits
Savings	$	4,847,709		$	4,416,121		$	4,593,215		$	4,396,213		$	4,824,939			10	%		*
Other interest-bearing deposits		3,169,474			2,162,059			2,110,787			1,868,902			1,783,362			47	%		78	%
Time deposits		1,895,992			2,156,768			2,149,812			2,152,837			2,294,644			(12	)%		(17	)%
Total interest-bearing core deposits		9,913,175			8,734,948			8,853,814			8,417,952			8,902,945			13	%		11	%
Noninterest-bearing deposits		4,394,096			4,236,704			4,689,639			4,908,175			3,956,633			4	%		11	%
Total core deposits		14,307,271			12,971,652			13,543,453			13,326,127			12,859,578			10	%		11	%
Certificates of deposit $100,000 and more		559,944			1,263,331			1,434,008			1,583,928			1,382,236			(56	)%		(59	)%
Total deposits		14,867,215			14,234,983			14,977,461			14,910,055			14,241,814			4	%		4	%
Federal funds purchased and securities sold under agreements to repurchase		2,874,353			2,267,644			2,404,985			2,264,077			1,751,079			27	%		64	%
Trading liabilities		293,387			415,293			286,282			288,029			359,502			(29	)%		(18	)%
Other short-term borrowings and commercial paper (c)		761,758			1,739,202			2,555,704			3,827,278			4,279,689			(56	)%		(82	)%
Term borrowings		2,190,544			2,368,381			2,511,674			3,353,464			4,022,297			(8	)%		(46	)%
Other collateralized borrowings		700,589			711,087			723,677			736,172			745,363			(1	)%		(6	)%
Total long-term debt		2,891,133			3,079,468			3,235,351			4,089,636			4,767,660			(6	)%		(39	)%
Capital markets payables		292,975			542,829			965,442			1,383,447			1,115,428			(46	)%		(74	)%
Other liabilities		785,389			816,224			939,736			937,826			932,176			(4	)%		(16	)%
Total liabilities		22,766,210			23,095,643			25,364,961			27,700,348			27,447,348			(1	)%		(17	)%
Equity
Common stock		138,738			136,659			134,505			132,247			128,302			2	%		8	%
Capital surplus		1,208,649			1,170,916			1,128,286			1,087,252			1,048,602			3	%		15	%
Capital surplus common stock warrant — (CPP)		83,860			83,860			83,860			83,860			83,860			*			*
Undivided profits		891,580			1,005,244			1,100,462			1,265,073			1,387,854			(11	)%		(36	)%
Accumulated other comprehensive loss, net		(114,209	)		(116,265	)		(138,892	)		(142,503	)		(151,831	)		2	%		25	%
Preferred stock capital surplus — (CPP)		798,685			794,630			790,596			786,582			782,680			1	%		2	%
Noncontrolling interest		295,165			295,165			295,165			295,165			295,165			*			*
Total equity		3,302,468			3,370,209			3,393,982			3,507,676			3,574,632			(2	)%		(8	)%
Total liabilities and equity	$	26,068,678		$	26,465,852		$	28,758,943		$	31,208,024		$	31,021,980			(2	)%		(16	)%

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

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

(a)	Includes excess balances held at Fed.
(b)	4Q09 includes $11.5 million of foreclosed assets related to government insured mortgages.
(c)	4Q09 includes $400 million of FRB Term Auction Facility borrowings.

10

CONSOLIDATED AVERAGE AND PERIOD-END LOANS
Quarterly, Unaudited

											4Q09 Change vs.
(Thousands)	4Q09		3Q09		2Q09		1Q09		4Q08		3Q09			4Q08
Average Loans (Net)
Commercial
Commercial, financial and industrial (a)	$	6,950,869	$	7,116,039	$	7,506,773	$	7,781,708	$	7,516,557		(2	)%		(8	)%
Real estate commercial (b)		1,515,861		1,535,943		1,542,081		1,492,906		1,479,582		(1	)%		2	%
Real estate construction (c)		1,066,399		1,245,618		1,455,626		1,689,863		1,917,647		(14	)%		(44	)%
Total commercial loans		9,533,129		9,897,600		10,504,480		10,964,477		10,913,786		(4	)%		(13	)%
Retail
Real estate residential (d)		7,469,502		7,674,360		7,907,748		8,095,128		8,172,174		(3	)%		(9	)%
Real estate construction (e)		287,856		460,742		672,011		880,537		1,087,752		(38	)%		(74	)%
Other retail		123,628		127,483		131,271		135,537		137,185		(3	)%		(10	)%
Credit card receivables		189,586		186,765		184,159		184,244		190,189		2	%		*
Real estate loans pledged against other collateralized borrowings (f)		663,497		676,339		693,643		709,144		716,925		(2	)%		(7	)%
Total retail loans		8,734,069		9,125,689		9,588,832		10,004,590		10,304,225		(4	)%		(15	)%
Total loans, net of unearned income	$	18,267,198	$	19,023,289	$	20,093,312	$	20,969,067	$	21,218,011		(4	)%		(14	)%
Period-End Loans (Net)
Commercial
Commercial, financial and industrial (a)	$	7,159,370	$	6,920,916	$	7,400,396	$	7,716,733	$	7,863,727		3	%		(9	)%
Real estate commercial (b)		1,479,888		1,537,099		1,506,911		1,501,964		1,454,040		(4	)%		2	%
Real estate construction (c)		924,475		1,130,710		1,337,330		1,550,158		1,778,140		(18	)%		(48	)%
Total commercial loans		9,563,733		9,588,725		10,244,637		10,768,855		11,095,907		*			(14	)%
Retail
Real estate residential (d)		7,362,458		7,590,699		7,785,906		8,016,018		8,161,435		(3	)%		(10	)%
Real estate construction (e)		229,487		361,930		557,822		772,982		980,798		(37	)%		(77	)%
Other retail		121,526		124,376		129,848		132,452		135,779		(2	)%		(10	)%
Credit card receivables		192,036		189,452		186,376		180,282		189,554		1	%		1	%
Real estate loans pledged against other collateralized borrowings (f)		654,644		669,503		681,238		701,888		714,717		(2	)%		(8	)%
Total retail loans		8,560,151		8,935,960		9,341,190		9,803,622		10,182,283		(4	)%		(16	)%
Total loans, net of unearned income	$	18,123,884	$	18,524,685	$	19,585,827	$	20,572,477	$	21,278,190		(2	)%		(15	)%

* Amount is less than one percent.

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

(a)	Includes loans to bank holding companies and trust preferred loans.
(b)	Includes nonconstruction income property loans.
(c)	Includes home builder, condominium, and income property construction loans.
(d)	Includes home equity loans, home equity lines of credit and permanent mortgages.
(e)	Includes one-time close product.
(f)	Includes on balance sheet securitizations of home equity loans.

11

CONSOLIDATED AVERAGE BALANCE SHEET
Quarterly, Unaudited

																4Q09 Change vs.
(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Assets:
Earning assets:
Loans, net of unearned income (a)	$	18,267,198		$	19,023,289		$	20,093,312		$	20,969,067		$	21,218,011			(4	)%		(14	)%
Loans held for sale		469,803			470,583			622,799			626,679			650,844			*			(28	)%
Investment securities:
U.S. Treasuries		54,836			48,382			48,676			48,593			48,415			13	%		13	%
U.S. government agencies		2,253,498			2,330,247			2,522,800			2,685,774			2,576,587			(3	)%		(13	)%
States and municipalities		44,499			46,105			53,965			63,425			75,084			(3	)%		(41	)%
Other		299,273			313,632			308,690			292,151			282,639			(5	)%		6	%
Total investment securities		2,652,106			2,738,366			2,934,131			3,089,943			2,982,725			(3	)%		(11	)%
Capital markets securities inventory		959,678			857,382			965,581			1,117,165			1,135,270			12	%		(15	)%
Mortgage banking trading securities		93,354			123,698			139,584			171,978			242,930			(25	)%		(62	)%
Other earning assets:
Federal funds sold and securities purchased under agreements to resell		681,501			561,920			652,978			806,704			911,387			21	%		(25	)%
Interest bearing cash (b)		618,011			418,549			766,842			656,841			546,732			48	%		13	%
Total other earning assets		1,299,512			980,469			1,419,820			1,463,545			1,458,119			33	%		(11	)%
Total earning assets		23,741,651			24,193,787			26,175,227			27,438,377			27,687,899			(2	)%		(14	)%
Allowance for loan losses		(937,967	)		(985,785	)		(1,008,254	)		(889,630	)		(741,076	)		5	%		(27	)%
Cash and due from banks		400,763			418,382			446,322			482,260			495,500			(4	)%		(19	)%
Capital markets receivables		127,458			170,915			245,646			269,417			432,614			(25	)%		(71	)%
Premises and equipment, net		318,237			324,162			326,482			332,241			334,642			(2	)%		(5	)%
Other assets		2,755,425			2,726,368			2,744,120			2,834,546			2,839,665			1	%		(3	)%
Total assets	$	26,405,567		$	26,847,829		$	28,929,543		$	30,467,211		$	31,049,244			(2	)%		(15	)%
Liabilities and equity:
Interest-bearing liabilities:
Interest-bearing deposits:
Other interest-bearing deposits	$	2,407,544		$	2,073,658		$	1,842,780		$	1,792,241		$	1,615,764			16	%		49	%
Savings		4,559,086			4,583,064			4,259,822			4,629,345			4,741,073			(1	)%		(4	)%
Time deposits		2,153,346			2,157,904			2,125,493			2,216,411			2,461,921			*			(13	)%
Total interest-bearing core deposits		9,119,976			8,814,626			8,228,095			8,637,997			8,818,758			3	%		3	%
Certificates of deposit $100,000 and more		1,068,807			1,384,475			1,520,681			1,507,482			1,491,297			(23	)%		(28	)%
Federal funds purchased and securities sold under agreements to repurchase		2,679,348			2,484,470			2,510,423			2,266,424			2,021,033			8	%		33	%
Capital markets trading liabilities		598,772			478,103			492,706			575,446			488,102			25	%		23	%
Other short-term borrowings and commercial paper (c)		1,235,576			1,842,458			3,403,174			4,212,480			5,096,108			(33	)%		(76	)%
Long-term debt:
Term borrowings		2,274,954			2,386,129			2,952,438			3,534,657			4,266,510			(5	)%		(47	)%
Other collateralized borrowings		707,245			716,843			731,324			742,491			747,824			(1	)%		(5	)%
Total long-term debt		2,982,199			3,102,972			3,683,762			4,277,148			5,014,334			(4	)%		(41	)%
Total interest-bearing liabilities		17,684,678			18,107,104			19,838,841			21,476,977			22,929,632			(2	)%		(23	)%
Noninterest-bearing deposits		4,489,902			4,444,556			4,616,789			4,388,807			3,652,161			1	%		23	%
Capital markets payables		89,015			98,099			175,848			198,358			374,368			(9	)%		(76	)%
Other liabilities		764,170			785,674			856,678			823,929			692,759			(3	)%		10	%
Equity		3,377,802			3,412,396			3,441,387			3,579,140			3,400,324			(1	)%		(1	)%
Total liabilities and equity	$	26,405,567		$	26,847,829		$	28,929,543		$	30,467,211		$	31,049,244			(2	)%		(15	)%

NM — Not meaningful

* Amount is less than one percent.

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

(a)	Includes loans on nonaccrual status.
(b)	Includes excess balances held at Fed.
(c)	In 4Q09, FRB Term Auction Facility borrowings averaged $1.0 billion.

12

CONSOLIDATED AVERAGE BALANCE SHEET: INCOME & EXPENSE
Quarterly, Unaudited

																4Q09 Change vs.
(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Assets:
Earning assets:
Loans, net of unearned income (a)	$	181,672		$	185,045		$	197,779		$	205,825		$	254,946			(2	)%		(29	)%
Loans held for sale		5,682			5,820			6,577			7,732			9,821			(2	)%		(42	)%
Investment securities:
U.S. Treasuries		240			238			229			223			233			1	%		3	%
U.S. government agencies		28,996			30,553			33,567			37,331			36,565			(5	)%		(21	)%
States and municipalities		174			154			390			371			944			13	%		(82	)%
Other		2,436			2,603			2,363			2,258			6,080			(6	)%		(60	)%
Total investment securities		31,846			33,548			36,549			40,183			43,822			(5	)%		(27	)%
Capital markets securities inventory		9,172			7,972			9,588			10,198			12,790			15	%		(28	)%
Mortgage banking trading securities		2,571			3,852			4,525			5,500			8,253			(33	)%		(69	)%
Other earning assets:
Federal funds sold and securities purchased under agreements to resell		92			119			242			505			1,493			(23	)%		(94	)%
Interest bearing cash		351			236			461			360			850			49	%		(59	)%
Total other earning assets		443			355			703			865			2,343			25	%		(81	)%
Total earning assets/interest income	$	231,386		$	236,592		$	255,721		$	270,303		$	331,975			(2	)%		(30	)%
Liabilities:
Interest-bearing liabilities:
Interest-bearing deposits:
Other interest-bearing deposits	$	1,732		$	1,316		$	896		$	1,068		$	1,552			32	%		12	%
Savings		7,065			7,553			8,864			15,404			18,666			(6	)%		(62	)%
Time deposits		12,363			13,980			16,270			18,243			21,739			(12	)%		(43	)%
Total interest-bearing core deposits		21,160			22,849			26,030			34,715			41,957			(7	)%		(50	)%
Certificates of deposit $100,000 and more		4,473			5,809			7,967			9,459			12,680			(23	)%		(65	)%
Federal funds purchased and securities sold under agreements to repurchase		1,493			1,287			1,295			1,169			2,738			16	%		(45	)%
Capital markets trading liabilities		5,445			4,691			5,265			5,468			5,876			16	%		(7	)%
Other short-term borrowings and commercial paper		1,016			1,362			2,241			3,094			20,164			(25	)%		(95	)%
Long-term debt:
Term borrowings		6,554			8,396			12,235			18,085			38,062			(22	)%		(83	)%
Other collateralized borrowings		957			1,065			1,377			1,515			5,129			(10	)%		(81	)%
Total long-term debt		7,511			9,461			13,612			19,600			43,191			(21	)%		(83	)%
Total interest-bearing liabilities/interest expense	$	41,098		$	45,459		$	56,410		$	73,505		$	126,606			(10	)%		(68	)%
Net interest income-tax equivalent basis	$	190,288		$	191,133		$	199,311		$	196,798		$	205,369			*			(7	)%
Fully taxable equivalent adjustment		(394	)		(232	)		(225	)		(211	)		(421	)		(70	)%		6	%
Net interest income	$	189,894		$	190,901		$	199,086		$	196,587		$	204,948			(1	)%		(7	)%

* Amount is less than one percent.

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

Income amounts are adjusted to a fully taxable equivalent. Earning assets income is expressed net of unearned income.

(a) Includes loans on nonaccrual status.

13

CONSOLIDATED AVERAGE BALANCE SHEET: YIELDS & RATES
Quarterly, Unaudited

(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08
Assets:
Earning assets:
Loans, net of unearned income (a)		3.95	%		3.86	%		3.95	%		3.97	%		4.78	%
Loans held for sale		4.84			4.95			4.22			4.94			6.04
Investment securities:
U.S. Treasuries		1.74			1.95			1.89			1.86			1.92
U.S. government agencies		5.15			5.24			5.32			5.56			5.68
States and municipalities		1.57			1.34			2.89			2.34			5.03
Other		3.26			3.32			3.06			3.09			8.60
Total investment securities		4.80			4.90			4.98			5.20			5.88
Capital markets securities inventory		3.82			3.72			3.97			3.65			4.51
Mortgage banking trading securities		11.02			12.46			12.97			12.79			13.59
Other earning assets:
Federal funds sold and securities purchased under agreements to resell		.05			.08			.15			.25			.65
Interest bearing cash		.22			.22			.24			.22			.62
Total other earning assets		.14			.14			.20			.24			.64
Total earning assets/interest income		3.88	%		3.89	%		3.91	%		3.98	%		4.78	%
Liabilities:
Interest-bearing liabilities:
Interest-bearing deposits:
Other interest-bearing deposits		.29	%		.25	%		.20	%		.24	%		.38	%
Savings		.61			.65			.83			1.35			1.57
Time deposits		2.28			2.57			3.07			3.34			3.51
Total interest-bearing core deposits		.92			1.03			1.27			1.63			1.89
Certificates of deposit $100,000 and more		1.66			1.66			2.10			2.54			3.38
Federal funds purchased and securities sold under agreements to repurchase		.22			.21			.21			.21			.54
Capital markets trading liabilities		3.61			3.89			4.29			3.85			4.79
Other short-term borrowings and commercial paper		.33			.29			.26			.30			1.57
Long-term debt:
Term borrowings		1.15			1.41			1.66			2.05			3.57
Other collateralized borrowings		.54			.59			.75			.82			2.74
Total long-term debt		1.01			1.22			1.48			1.83			3.45
Total interest-bearing liabilities/interest expense		.92	%		1.00	%		1.14	%		1.38	%		2.20	%
Net interest spread		2.96	%		2.89	%		2.77	%		2.60	%		2.58	%
Effect of interest-free sources used to fund earning assets		.23			.25			.28			.29			.38
Net interest margin		3.19	%		3.14	%		3.05	%		2.89	%		2.96	%

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

Yields are adjusted to a fully taxable equivalent.

Earning assets yields are expressed net of unearned income.

Rates are expressed net of unamortized debenture cost for long-term debt.

Net interest margin is computed using total net interest income.

(a) Includes loans on nonaccrual status.

14

MORTGAGE SERVICING RIGHTS
Quarterly, Unaudited

																4Q09 Change vs.
(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
First Liens
Fair value beginning balance	$	281,045		$	318,937		$	361,343		$	354,394		$	770,635			(12	)%		(64	)%
Addition of mortgage servicing rights		—			—			—			189			1,073
Reductions due to loan payments		(10,198	)		(12,265	)		(18,513	)		(17,480	)		(10,771	)
Reductions due to sale		—			—			(77,591	)		—			(52,006	)
Reclassification from trading securities		—			11,077			—			—			—
Changes in fair value due to:
Changes in valuation model inputs or assumptions (a)		25,323			(36,724	)		52,590			26,740			(354,558	)
Other changes in fair value		(55	)		20			1,108			(2,500	)		21
Fair value ending balance	$	296,115		$	281,045		$	318,937		$	361,343		$	354,394			5	%		(16	)%
Second Liens
Fair value beginning balance	$	1,850		$	10,007		$	11,029		$	13,558		$	17,513			(82	)%		(89	)%
Reductions due to loan payments		(676	)		(441	)		(1,136	)		(2,524	)		(1,517	)
Reductions due to sale		—			(8,134	)		—			—			—
Changes in fair value due to:
Changes in valuation model inputs or assumptions (a)		—			—			6			(5	)		(2,438	)
Other changes in fair value		—			418			108			—			—
Fair value ending balance	$	1,174		$	1,850		$	10,007		$	11,029		$	13,558			(37	)%		(91	)%
HELOC
Fair value beginning balance	$	6,387		$	8,152		$	8,652		$	8,892		$	10,343			(22	)%		(38	)%
Addition of mortgage servicing rights		—			—			—			11			43
Reductions due to loan payments		(1,113	)		(510	)		(776	)		(419	)		(432	)
Reductions due to sale		—			(1,548	)		—			—			—
Changes in fair value due to:
Changes in valuation model inputs or assumptions (a)		—			—			—			—			(1,401	)
Other changes in fair value		48			293			276			168			339
Fair value ending balance	$	5,322		$	6,387		$	8,152		$	8,652		$	8,892			(17	)%		(40	)%
Total Consolidated
Fair value beginning balance	$	289,282		$	337,096		$	381,024		$	376,844		$	798,491			(14	)%		(64	)%
Addition of mortgage servicing rights		—			—			—			200			1,116
Reductions due to loan payments		(11,987	)		(13,216	)		(20,425	)		(20,423	)		(12,720	)
Reductions due to sale		—			(9,682	)		(77,591	)		—			(52,006	)
Reclassification from trading securities		—			11,077			—			—			—
Changes in fair value due to:
Changes in valuation model inputs or assumptions (a)		25,323			(36,724	)		52,596			26,735			(358,397	)
Other changes in fair value		(7	)		731			1,492			(2,332	)		360
Fair value ending balance	$	302,611		$	289,282		$	337,096		$	381,024		$	376,844			5	%		(20	)%

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

(a)    Principally reflects changes in discount rates and prepayment speed assumptions, mostly due to changes in interest rates.

15

BUSINESS SEGMENT HIGHLIGHTS
Quarterly, Unaudited

																4Q09 Change vs.
(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Regional Banking
Total revenues (a)	$	205,246		$	205,379		$	206,845		$	199,315		$	210,117			*			(2	)%
Provision for loan losses		43,549			63,066			51,024			97,818			105,825			(31	)%		(59	)%
Noninterest expenses		154,750			169,862			168,463			168,238			163,045			(9	)%		(5	)%
Income/(loss) before income taxes		6,947			(27,549	)		(12,642	)		(66,741	)		(58,753	)		125	%		112	%
Provision/(benefit) for income taxes		2,376			(10,492	)		(4,826	)		(25,204	)		(22,235	)		123	%		111	%
Net income/(loss) from continuing operations		4,571			(17,057	)		(7,816	)		(41,537	)		(36,518	)		127	%		113	%
Income/(loss) from discontinued operations, net of tax		—			—			548			—			(2	)	NM			NM
Net income/(loss)	$	4,571		$	(17,057	)	$	(7,268	)	$	(41,537	)	$	(36,520	)		127	%		113	%
Capital Markets
Total revenues (a)	$	140,933		$	151,117		$	206,410		$	232,197		$	186,271			(7	)%		(24	)%
Provision for loan losses		24,224			54,196			21,104			14,009			8,108			(55	)%		199	%
Noninterest expenses		82,133			86,560			105,050			142,461			104,635			(5	)%		(22	)%
Income before income taxes		34,576			10,361			80,256			75,727			73,528		NM				(53	)%
Provision for income taxes		12,923			3,838			30,169			28,464			27,579		NM				(53	)%
Net income from continuing operations		21,653			6,523			50,087			47,263			45,949		NM				(53	)%
Income/(loss) from discontinued operations, net of tax		(1,528	)		(1,189	)		(800	)		(611	)		533			(29	)%	NM
Net income	$	20,125		$	5,334		$	49,287		$	46,652		$	46,482			NM			(57	)%
Corporate
Total revenues (a)	$	8,576		$	33,902		$	17,878		$	5,372		$	2,839			(75	)%		202	%
Noninterest expenses		40,725			17,220			24,819			17,367			2,341			136	%	NM
Income/(loss) before income taxes		(32,149	)		16,682			(6,941	)		(11,995	)		498		NM			NM
Provision/(benefit) for income taxes		(16,244	)		6,237			(8,996	)		(9,664	)		463		NM			NM
Net income/(loss) from continuing operations		(15,905	)		10,445			2,055			(2,331	)		35		NM			NM
Loss from discontinued operations, net of tax		(162	)		(9,011	)		(56	)		(37	)		(89	)		98	%		(82	)%
Net income/(loss)	$	(16,067	)	$	1,434		$	1,999		$	(2,368	)	$	(54	)	NM			NM
Mortgage Banking
Total revenues (a)	$	52,020		$	68,592		$	30,026		$	132,203		$	95,824			(24	)%		(46	)%
Provision/(benefit) for loan losses		9,273			(11,792	)		11,523			(408	)		22,018			179	%		(58	)%
Noninterest expenses		79,601			48,063			63,130			47,854			39,661			66	%		101	%
Income/(loss) before income taxes		(36,854	)		32,321			(44,627	)		84,757			34,145		NM			NM
Provision/(benefit) for income taxes		(13,886	)		12,178			(16,816	)		31,937			12,866		NM			NM
Net income/(loss)	$	(22,968	)	$	20,143		$	(27,811	)	$	52,820		$	21,279		NM			NM
National Specialty Lending
Total revenues (a)	$	29,303		$	35,729		$	22,110		$	26,846		$	36,264			(18	)%		(19	)%
Provision for loan losses		57,954			79,530			176,349			188,581			144,049			(27	)%		(60	)%
Noninterest expenses		33,134			28,196			41,024			31,883			24,887			18	%		33	%
Loss before income taxes		(61,785	)		(71,997	)		(195,263	)		(193,618	)		(132,672	)		14	%		53	%
Benefit for income taxes		(23,280	)		(27,129	)		(73,574	)		(72,956	)		(49,990	)		14	%		53	%
Net loss	$	(38,505	)	$	(44,868	)	$	(121,689	)	$	(120,662	)	$	(82,682	)		14	%		53	%
Total Consolidated
Total revenues (a)	$	436,078		$	494,719		$	483,269		$	595,933		$	531,315			(12	)%		(18	)%
Provision for loan losses		135,000			185,000			260,000			300,000			280,000			(27	)%		(52	)%
Noninterest expenses		390,343			349,901			402,486			407,803			334,569			12	%		17	%
Loss before income taxes		(89,265	)		(40,182	)		(179,217	)		(111,870	)		(83,254	)		(122	)%		(7	)%
Benefit for income taxes		(38,111	)		(15,368	)		(74,043	)		(47,423	)		(31,317	)		(148	)%		(22	)%
Net loss from continuing operations		(51,154	)		(24,814	)		(105,174	)		(64,447	)		(51,937	)		(106	)%		2	%
Income/(loss) from discontinued operations, net of tax		(1,690	)		(10,200	)		(308	)		(648	)		442			83	%	NM
Net loss	$	(52,844	)	$	(35,014	)	$	(105,482	)	$	(65,095	)	$	(51,495	)		(51	)%		(3	)%

NM — Not meaningful

* Amount is less than one percent.

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

(a) Includes noninterest income and net interest income.

16

REGIONAL BANKING
Quarterly, Unaudited

																4Q09 Change vs.
(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Income Statement
Net interest income	$	125,781		$	124,010		$	125,473		$	122,999		$	127,398			1	%		(1	)%
Noninterest income		79,465			81,369			81,372			76,316			82,719			(2	)%		(4	)%
Total revenues		205,246			205,379			206,845			199,315			210,117			*			(2	)%
Total noninterest expense		154,750			169,862			168,463			168,238			163,045			(9	)%		(5	)%
Provision for loan losses		43,549			63,066			51,024			97,818			105,825			(31	)%		(59	)%
Income/(loss) before income taxes	$	6,947		$	(27,549	)	$	(12,642	)	$	(66,741	)	$	(58,753	)		125	%		112	%
Efficiency ratio		75.40	%		82.71	%		81.44	%		84.41	%		77.60	%
Balance Sheet (millions)
Average loans	$	9,946		$	10,164		$	10,517		$	10,885		$	10,896			(2	)%		(9	)%
Other earning assets		100			76			156			203			164			32	%		(39	)%
Total earning assets		10,046			10,240			10,673			11,088			11,060			(2	)%		(9	)%
Core deposits		10,903			10,484			10,336			10,250			9,753			4	%		12	%
Other deposits		641			874			1,010			996			978			(27	)%		(34	)%
Total deposits		11,544			11,358			11,346			11,246			10,731			2	%		8	%
Total period end deposits		12,172			11,223			11,447			11,493			10,993			8	%		11	%
Total period end assets	$	10,547		$	10,536		$	10,810		$	11,418		$	11,886			*			(11	)%
Net interest margin		4.97	%		4.80	%		4.72	%		4.50	%		4.58	%
Loan yield		3.92			3.91			3.92			3.93			5.01
Deposit average yield		0.83			0.92			1.10			1.46			1.75
Noninterest Income Detail
Deposit transactions and cash mgmt	$	39,751		$	40,160		$	40,186		$	37,438		$	42,388			(1	)%		(6	)%
Insurance commissions		5,937			6,256			6,595			6,966			7,027			(5	)%		(16	)%
Trust services and investment mgmt		7,685			7,368			7,672			6,840			7,697			4	%		*
Bankcard income		4,411			4,448			4,325			4,129			4,416			(1	)%		*
Other service charges		3,200			3,595			4,011			3,485			3,500			(11	)%		(9	)%
Miscellaneous revenue		18,481			19,542			18,583			17,458			17,691			(5	)%		4	%
Total noninterest income	$	79,465		$	81,369		$	81,372		$	76,316		$	82,719			(2	)%		(4	)%
Key Statistics
Locations
Financial centers		183			183			200			202			202			*			(9	)%
Full service		168			168			168			168			169			*			(1	)%
Teller-only		15			15			32			34			33			*			(55	)%
Trust Assets
Total assets (millions)	$	9,574		$	9,705		$	9,017		$	8,872		$	9,606			(1	)%		*
Total managed assets (millions)		4,728			4,736			4,508			4,467			4,664			*			1	%

NM — Not meaningful

* Amount is less than one percent.

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

17

CAPITAL MARKETS
Quarterly, Unaudited

																4Q09 Change vs.
(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Income Statement
Net interest income
Correspondent Banking	$	14,712		$	13,681		$	16,185		$	14,750		$	12,809			8	%		15	%
Capital Markets		6,741			6,560			8,733			9,279			7,828			3	%		(14	)%
Total net interest income		21,453			20,241			24,918			24,029			20,637			6	%		4	%
Noninterest income:
Fixed income		110,985			120,528			170,106			196,985			156,522			(8	)%		(29	)%
Other		8,495			10,348			11,386			11,183			9,112			(18	)%		(7	)%
Total noninterest income		119,480			130,876			181,492			208,168			165,634			(9	)%		(28	)%
Total revenues		140,933			151,117			206,410			232,197			186,271			(7	)%		(24	)%
Noninterest expense		82,133			86,560			105,050			142,461			104,635			(5	)%		(22	)%
Provision for loan losses		24,224			54,196			21,104			14,009			8,108			(55	)%		199	%
Income before income taxes	$	34,576		$	10,361		$	80,256		$	75,727		$	73,528			NM			(53	)%
Efficiency ratio		58.28	%		57.28	%		50.89	%		61.35	%		56.17	%
Fixed income average daily revenue	$	1,790		$	1,883		$	2,700		$	3,229		$	2,525			(5	)%		(29	)%
Balance Sheet (millions)
Trading inventory	$	960		$	857		$	966		$	1,117		$	1,135			12	%		(15	)%
Average loans		1,804			1,857			2,010			1,962			1,720			(3	)%		5	%
Other earning assets		723			622			720			874			980			16	%		(26	)%
Total earning assets		3,487			3,336			3,696			3,953			3,835			5	%		(9	)%
Total period end assets	$	3,671		$	4,101		$	4,921		$	5,219		$	5,051			(10	)%		(27	)%
Net interest margin:
Correspondent Banking		4.67	%		4.11	%		4.35	%		4.03	%		3.59	%
Capital Markets		1.20			1.29			1.59			1.52			1.29
Total Capital Markets		2.44			2.41			2.70			2.47			2.14

NM — Not meaningful

* Amount is less than one percent.

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

18

CORPORATE
Quarterly, Unaudited

																4Q09 Change vs.
(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Income Statement
Net interest income	$	8,269		$	9,225		$	6,744		$	5,011		$	7,704			(10	)%		7	%
Noninterest income/(loss)		1,218			24,612			11,464			363			(6,211	)		(95	)%		120	%
Securities gains/(losses), net		(911	)		65			(330	)		(2	)		1,346			NM			(168	)%
Total revenues		8,576			33,902			17,878			5,372			2,839			(75	)%		NM
Noninterest expense		40,725			17,220			24,819			17,367			2,341			136	%		NM
Income/(loss) before income taxes	$	(32,149	)	$	16,682		$	(6,941	)	$	(11,995	)	$	498			NM			NM
Average Balance Sheet (millions)
Total earning assets	$	3,184		$	3,039		$	3,600		$	3,489		$	3,329			5	%		(4	)%
Net interest margin		1.03	%		1.20	%		.75	%		.58	%		.92	%

NM — Not meaningful

* Amount is less than one percent.

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

19

MORTGAGE BANKING
Quarterly, Unaudited

																4Q09 Change vs.
(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Income Statement
Net interest income	$	5,923		$	7,817		$	10,792		$	11,003		$	12,385			(24	)%		(52	)%
Noninterest income
Net origination fees (a)		1,456			9,687			(1,263	)		14,454			(14,383	)		(85	)%		110	%
Net servicing fees		41,803			48,422			15,456			101,202			99,402			(14	)%		(58	)%
Other fees		2,838			2,666			5,041			5,544			(1,580	)		6	%		NM
Total noninterest income		46,097			60,775			19,234			121,200			83,439			(24	)%		(45	)%
Total revenues		52,020			68,592			30,026			132,203			95,824			(24	)%		(46	)%
Noninterest expense		79,601			48,063			63,130			47,854			39,661			66	%		101	%
Provision/(benefit) for loan losses		9,273			(11,792	)		11,523			(408	)		22,018			179	%		(58	)%
Income/(loss) before income taxes	$	(36,854	)	$	32,321		$	(44,627	)	$	84,757		$	34,145			NM			NM
Average Balance Sheet (millions)
Warehouse	$	356		$	366		$	433		$	430		$	489			(3	)%		(27	)%
Trading securities		89			118			132			164			235			(25	)%		(62	)%
Mortgage servicing rights		277			312			309			396			633			(11	)%		(56	)%
Permanent mortgages & other assets		1,105			1,072			1,075			1,267			1,046			3	%		6	%
Total assets		1,827			1,868			1,949			2,257			2,403			(2	)%		(24	)%
Escrow balances		693			766			1,021			1,165			725			(10	)%		(4	)%
Net interest margin		2.21	%		2.66	%		3.42	%		3.18	%		3.22	%
Noninterest Expense Detail
Salaries and benefits		1,372			1,367			2,277			30			(1,468	)		*			NM
Contract labor and outsourcing		5,989			4,995			5,224			7,247			7,381
Equipment and occupancy		1,315			830			889			945			3,448
Foreclosure and repurchase provision		59,344			25,751			29,098			12,267			2,752
Other expenses		9,996			13,415			22,997			25,099			25,154
Segment allocations		1,585			1,705			2,645			2,266			2,394			(7	)%		(34	)%
Total noninterest expense	$	79,601		$	48,063		$	63,130		$	47,854		$	39,661			66	%		101	%
Warehouse (millions)
Ending Warehouse Balance	$	332		$	369		$	389		$	442		$	408			(10	)%		(19	)%
Production (millions)
First lien production	$	192		$	234		$	445		$	408		$	88			(18	)%		118	%

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

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

(a) 4Q09 includes $2.7 million negative mortgage warehouse fair value adjustment.

20

MORTGAGE BANKING: SERVICING
Quarterly, Unaudited

																4Q09 Change vs.
(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Servicing Income
Gross service fees	$	29,024		$	30,775		$	32,781		$	40,120		$	47,810
Guarantee fees		(4,127	)		(4,291	)		(4,752	)		(6,884	)		(7,626	)
Sub-Service fee income		—			—			—			—			103
Lender paid MI		—			—			—			—			5
Net service fees		24,897			26,484			28,029			33,236			40,292			(6	)%		(38	)%
Early payoff interest expense		(1,056	)		(979	)		(3,788	)		(3,716	)		(1,562	)
Ancillary fees		4,008			4,143			3,493			5,511			5,949
Total service fees		27,849			29,648			27,734			35,031			44,679			(6	)%		(38	)%
Change in MSR value — runoff		(10,199	)		(12,009	)		(18,432	)		(18,559	)		(9,899	)		15	%		(3	)%
Net hedging results:
Change in MSR value — other than runoff		21,023			(30,682	)		44,232			27,282			(327,310	)
MSR hedge gains/(losses)		(6,289	)		59,625			(40,047	)		25,112			385,354
Change in trading asset value		13,439			(1,951	)		20,814			18,339			(99,354	)
Trading asset hedge gains/(losses)		(4,020	)		3,791			(18,845	)		13,997			108,742
Option expense on servicing hedges		—			—			—			—			(2,811	)
Total net hedging results		24,153			30,783			6,154			84,730			64,621			(22	)%		(63	)%
Total servicing income	$	41,803		$	48,422		$	15,456		$	101,202		$	99,401			(14	)%		(58	)%
Key Servicing Metrics (millions)
Beginning servicing portfolio	$	41,757		$	43,833		$	60,182		$	63,661		$	65,346
Additions to portfolio, net of REO transfers		(433	)		(385	)		(246	)		(352	)		(83	)
Prepayments		(1,292	)		(1,407	)		(2,396	)		(3,146	)		(1,146	)
Amortization		(280	)		(284	)		(300	)		—			(420	)
Service release sales		—			—			(65	)		19			(31	)
Bulk sale		—			—			(13,341	)		—			(5	)
Ending servicing portfolio (owned)	$	39,752		$	41,757		$	43,833		$	60,182		$	63,661			(5	)%		(38	)%
Average servicing portfolio (owned)	$	40,399		$	42,359		$	44,929		$	55,200		$	64,550			(5	)%		(37	)%
Average loans serviced (#)		213,713			222,223			234,004			295,326			351,157			(4	)%		(39	)%
Portfolio Product Mix (Average)
GNMA		2	%		3	%		3	%		3	%		3	%
FNMA/FHLMC		47	%		46	%		47	%		51	%		58	%
Private		48	%		48	%		47	%		45	%		38	%
Sub-Total		97	%		97	%		97	%		99	%		99	%
Warehouse		3	%		3	%		3	%		1	%		1	%
Total		100	%		100	%		100	%		100	%		100	%
Other Portfolio Statistics
Net service fees — annualized (bps)		25			25			25			24			25
Total service fees — annualized (bps)		28			28			25			25			28
Ancillary income per loan (annualized)	$	75.02		$	74.57		$	59.70		$	74.64		$	67.77			1	%		11	%
Servicing cost per loan (annualized) (a)	$	32.68		$	110.66		$	81.80		$	94.25		$	79.80			(70	)%		(59	)%
Average servicing asset (millions)		277			312			293			395			632
Servicing book value (bps)		69			74			65			72			98
90+ Delinquency rate, excluding foreclosures		9.53	%		8.38	%		7.04	%		6.14	%		3.47	%
Change in MSR asset / Average servicing asset		7	%		22	%		19	%		28	%		(105	)%
Run-off rate — annualized		10	%		10	%		17	%		23	%		10	%

NM — Not meaningful

*	Amount is less than one percent.
Certain previously reported amounts have been reclassified to agree with current presentation.
(a)	Due to timing of receipt of appraisals and listing of properties, a process change was made in fourth quarter to take fair value adjustments made within 90 days of moving an asset to OREO against Allowance. Adjustments were previously taken against Allowance for 30 days after assets were moved to OREO.

21

NATIONAL SPECIALTY LENDING
Quarterly, Unaudited

																4Q09 Change vs.
(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Income Statement
Net interest income	$	28,467		$	29,608		$	31,160		$	33,544		$	36,825			(4	)%		(23	)%
Noninterest income/(loss)		836			6,121			(9,050	)		(6,698	)		(561	)		(86	)%		NM
Total revenues		29,303			35,729			22,110			26,846			36,264			(18	)%		(19	)%
Total noninterest expense		33,134			28,196			41,024			31,883			24,887			18	%		33	%
Provision for loan losses		57,954			79,530			176,349			188,581			144,049			(27	)%		(60	)%
Income/(loss) before income taxes	$	(61,785	)	$	(71,997	)	$	(195,263	)	$	(193,618	)	$	(132,672	)		14	%		53	%
Balance Sheet (millions)
Average loans	$	5,949		$	6,407		$	6,928		$	7,484		$	7,922			(7	)%		(25	)%
Total deposits		77			109			129			134			140			(29	)%		(45	)%
Net interest margin		1.90	%		1.83	%		1.80	%		1.82	%		1.85	%
Loan yield		3.72			3.62			3.61			3.66			4.17
Deposit average yield		0.75			0.65			0.84			0.96			1.23

NM — Not meaningful

*	Amount is less than one percent.
Certain previously reported amounts have been reclassified to agree with current presentation.

22

CAPITAL HIGHLIGHTS
Quarterly, Unaudited

																4Q09 Change vs.
(Dollars in millions, except per share amounts)	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Tier 1 capital (a)	$	3,485.3		$	3,563.7		$	3,596.3		$	3,709.0		$	3,784.2			(2	)%		(8	)%
Tier 2 capital (a)		1,183.3			1,191.3			1,205.5			1,295.6			1,299.5			(1	)%		(9	)%
Total capital (a)	$	4,668.6		$	4,755.0		$	4,801.8		$	5,004.6		$	5,083.7			(2	)%		(8	)%
Risk weighted assets (a)	$	21,410.1		$	21,999.5		$	23,123.4		$	24,771.8		$	25,185.4			(3	)%		(15	)%
Tier 1 ratio (a)		16.28	%		16.20	%		15.55	%		14.97	%		15.03	%
Tier 2 ratio (a)		5.53			5.41			5.22			5.23			5.15
Total capital ratio (a)		21.81	%		21.61	%		20.77	%		20.20	%		20.18	%
Tier 1 common ratio (a) (b)		9.77	%		9.88	%		9.56	%		9.40	%		9.56	%
Leverage ratio (a)		13.28	%		13.34	%		12.49	%		12.23	%		12.22	%
Shareholders’ equity/assets ratio (c)		12.67	%		12.73	%		11.80	%		11.24	%		11.52	%
Adjusted tangible common equity/RWA (a) (b) (d)		9.06	%		9.06	%		8.71	%		8.61	%		8.80	%
Tangible common equity/tangible assets (b)		7.75	%		7.85	%		7.27	%		7.07	%		7.34	%
Tangible book value per common share (b) (e)	$	9.03		$	9.29		$	9.35		$	9.88		$	10.22
Book value per common share (e)	$	9.95		$	10.28		$	10.40		$	10.95		$	11.31

NM — Not meaningful
*	Amount is less than one percent.
Certain previously reported amounts have been reclassified to agree with current presentation.
(a)	Current quarter is an estimate.
(b)	Refer to the Non-GAAP to GAAP Reconciliation on page 34 of this financial supplement.
(c)	Calculated on period-end balances.
(d)	See Glossary of Terms for definition of ratios.
(e)	Shares restated for stock dividends distributed through January 1, 2010.

23

ASSET QUALITY: CONSOLIDATED
Quarterly, Unaudited

																4Q09 Change vs.
(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Allowance for Loan Losses Walk-Forward
Beginning reserve	$	944,765		$	961,482		$	940,932		$	849,210		$	760,456			(2	)%		24	%
Provision		135,000			185,000			260,000			300,000			280,000			(27	)%		(52	)%
Charge-offs		(196,908	)		(212,561	)		(250,330	)		(217,161	)		(199,075	)		7	%		1	%
Recoveries		14,057			10,844			10,880			8,883			7,829			30	%		80	%
Ending balance	$	896,914		$	944,765		$	961,482		$	940,932		$	849,210			(5	)%		6	%
Reserve for off-balance sheet commitments		19,685			20,308			22,823			19,511			18,752			(3	)%		5	%
Total allowance for loan losses plus reserve	$	916,599		$	965,073		$	984,305		$	960,443		$	867,962			(5	)%		6	%
Allowance for Loan Losses
Regional Banking	$	360,767		$	365,723		$	340,199		$	348,435		$	311,399			(1	)%		16	%
Capital Markets		115,306			100,130			79,309			72,001			63,554			15	%		81	%
National Specialty Lending		400,012			464,833			512,131			495,936			446,254			(14	)%		(10	)%
Mortgage Banking		20,829			14,079			29,843			24,560			28,003			48	%		(26	)%
Total allowance for loan losses	$	896,914		$	944,765		$	961,482		$	940,932		$	849,210			(5	)%		6	%
Non-Performing Assets
Regional Banking
Nonperforming loans	$	220,305		$	252,763		$	213,201		$	193,191		$	163,933			(13	)%		34	%
Foreclosed real estate		25,239			16,189			29,410			31,305			31,665			56	%		(20	)%
Total Regional Banking	$	245,544		$	268,952		$	242,611		$	224,496		$	195,598			(9	)%		26	%
Capital Markets
Nonperforming loans	$	88,627		$	103,463		$	70,994		$	40,383		$	27,339			(14	)%		NM
Foreclosed real estate		5,231			1,516			596			641			600			NM			NM
Total Capital Markets	$	93,858		$	104,979		$	71,590		$	41,024		$	27,939			(11	)%		NM
National Specialty Lending
Nonperforming loans	$	513,302		$	662,695		$	764,672		$	845,964		$	834,042			(23	)%		(38	)%
Foreclosed real estate		67,934			60,605			50,386			64,586			52,725			12	%		29	%
Total National Specialty Lending	$	581,236		$	723,300		$	815,058		$	910,550		$	886,767			(20	)%		(34	)%
Mortgage Banking
Nonperforming loans — including held for sale (a)	$	115,450		$	100,799		$	78,090		$	53,569		$	28,335			15	%		NM
Foreclosed real estate		15,305			22,459			25,728			22,514			19,318			(32	)%		(21	)%
Total Mortgage Banking	$	130,755		$	123,258		$	103,818		$	76,083		$	47,653			6	%		174	%
Total nonperforming assets	$	1,051,393		$	1,220,489		$	1,233,077		$	1,252,153		$	1,157,957			(14	)%		(9	)%
Net Charge-Offs
Regional Banking	$	48,503		$	37,542		$	59,262		$	60,791		$	63,822			29	%		(24	)%
Capital Markets		9,049			33,374			13,795			5,563			8,207			(73	)%		10	%
National Specialty Lending		122,777			126,833			160,152			138,889			118,017			(3	)%		4	%
Mortgage Banking		2,522			3,969			6,240			3,035			1,200			(36	)%		110	%
Total net charge-offs	$	182,851		$	201,718		$	239,449		$	208,278		$	191,246			(9	)%		(4	)%
Consolidated Key Ratios (b)
NPL %		4.96	%		5.87	%		5.64	%		5.44	%		4.91	%
NPA %		5.56			6.38			6.15			5.98			5.38
Net charge-offs %		4.00			4.24			4.77			3.97			3.61
Allowance / loans		4.95			5.10			4.91			4.57			3.99
Allowance to loans excluding insured loans		5.05			5.21			5.03			4.69			4.11
Allowance / NPL		1.00	x		0.87	x		0.87	x		0.84	x		0.81	x
Allowance / NPA		0.89	x		0.80	x		0.79	x		0.76	x		0.74	x
Allowance / Charge-offs		1.23	x		1.17	x		1.00	x		1.13	x		1.11	x
Other
Loans past due 90 days or more (c)	$	182,343		$	173,634		$	182,468		$	250,801		$	133,067			5	%		37	%
Guaranteed portion (c)		40,252			42,271			36,379			40,205			42,478			(5	)%		(5	)%
Foreclosed real estate from GNMA loans		11,481			10,619			10,464			13,607			21,230			8	%		(46	)%
Period-end loans, net of unearned income (millions)	$	18,124		$	18,525		$	19,586		$	20,572		$	21,278			(2	)%		(15	)%
Insured loans (millions)		366			399			466			528			591			(8	)%		(38	)%
Total loans excluding insured loans (millions)	$	17,758		$	18,126		$	19,119		$	20,044		$	20,687			(2	)%		(14	)%
Off-balance sheet commitments (millions) (d)	$	5,453		$	5,537		$	5,882		$	6,077		$	6,442			(2	)%		(15	)%

Certain previously reported amounts have been reclassified to agree with current presentation.
NM — Not meaningful
*	Amount is less than one percent
(a)	4Q09 includes $77,196 of loans held to maturity
(b)	See Glossary of Terms for definitions of Consolidated Key Ratios.
(c)	Includes loans held for sale.
(d)	Amount of off-balance sheet commitments for which a reserve has been provided.

24

ASSET QUALITY: CONSOLIDATED
Quarterly, Unaudited

																4Q09 Change vs.
	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Key Portfolio Details
Commercial (C&I and Other)
Period-end loans ($ millions)	$	7,135		$	6,899		$	7,381		$	7,676		$	7,806			3	%		(9	)%
30+ Delinq. % (a)		0.96	%		1.25	%		0.82	%		1.53	%		0.53	%
NPL %		1.90			2.13			1.52			1.35			1.03
Charge-offs % (qtr. annualized)		1.21			2.48			1.43			1.55			2.21
Allowance / loans %		3.88	%		3.78	%		3.40	%		2.97	%		2.46	%
Allowance / charge-offs		3.29	x		1.48	x		2.35	x		1.89	x		1.16	x
Income CRE (Income-producing Commercial Real Estate)
Period-end loans ($ millions)	$	1,774		$	1,845		$	1,871		$	1,938		$	1,988			(4	)%		(11	)%
30+ Delinq. % (a)		3.13	%		2.19	%		2.82	%		4.23	%		2.42	%
NPL %		10.35			10.87			8.67			6.30			5.02
Charge-offs % (qtr. annualized)		6.13			3.46			6.40			3.36			2.73
Allowance / loans %		8.67	%		8.29	%		5.77	%		5.21	%		4.71	%
Allowance / charge-offs		1.38	x		2.37	x		0.87	x		1.53	x		1.70	x
Residential CRE (Homebuilder and Condominium Construction)
Period-end loans ($ millions)	$	640		$	835		$	986		$	1,133		$	1,288			(23	)%		(50	)%
30+ Delinq. % (a)		3.71	%		4.15	%		5.29	%		10.43	%		3.74	%
NPL %		42.94			42.35			39.44			36.34			30.71
Charge-offs % (qtr. annualized)		22.22			13.41			17.22			18.10			15.79
Allowance / loans %		8.12	%		9.17	%		9.87	%		8.59	%		8.25	%
Allowance / charge-offs		0.31	x		0.62	x		0.53	x		0.44	x		0.49	x
Consumer Real Estate (Home Equity Installment and HELOC)
Period-end loans ($ millions)	$	6,931		$	7,148		$	7,356		$	7,609		$	7,749			(3	)%		(11	)%
30+ Delinq. % (a)		2.31	%		2.28	%		2.12	%		2.01	%		1.97	%
NPL %		0.26			0.14			0.08			0.07			0.07
Charge-offs % (qtr. annualized)		2.93			3.04			3.01			2.38			1.81
Allowance / loans %		3.10	%		3.21	%		3.04	%		3.06	%		2.35	%
Allowance / charge-offs		1.04	x		1.04	x		0.99	x		1.27	x		1.29	x
OTC (Consumer Residential Construction Loans)
Period-end loans ($ millions)	$	229		$	362		$	558		$	773		$	981			(37	)%		(77	)%
30+ Delinq. % (a)		9.87	%		4.00	%		7.90	%		2.82	%		4.43	%
NPL %		82.73			77.37			64.06			55.19			43.03
Charge-offs % (qtr. annualized)		32.03			29.87			30.53			21.10			14.80
Allowance / loans %		26.85	%		30.21	%		29.46	%		23.74	%		20.44	%
Allowance / charge-offs		0.67	x		0.79	x		0.80	x		0.99	x		1.25	x
Permanent Mortgage
Period-end loans ($ millions)	$	1,086		$	1,113		$	1,112		$	1,109		$	1,127			(2	)%		(4	)%
30+ Delinq. % (a)		8.49	%		8.09	%		9.44	%		10.11	%		6.94	%
NPL %		9.02			8.65			6.97			4.48			3.73
Charge-offs % (qtr. annualized)		4.65			6.27			7.97			3.47			.57
Allowance / loans %		11.41	%		9.06	%		8.85	%		7.06	%		4.76	%
Allowance / charge-offs		2.45	x		1.46	x		1.08	x		2.04	x		8.59	x
Credit Card and Other
Period-end loans ($ millions)	$	328		$	323		$	323		$	335		$	339			2	%		(3	)%
30+ Delinq. % (a)		1.97	%		2.13	%		2.08	%		2.33	%		2.47	%
Charge-offs % (qtr. annualized)		5.62			5.00			6.57			4.81			5.09
Allowance / loans %		4.25	%		4.57	%		5.91	%		6.04	%		6.35	%
Allowance / charge-offs		0.77	x		0.91	x		0.90	x		1.26	x		1.24	x

*	Amount is less than one percent
Certain previously reported amounts have been reclassified to agree with current presentation.
(a)	30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.

25

ANALYSIS OF INDIVIDUALLY IMPAIRED LOANS, ORE, AND NPL ROLLFORWARD
Unaudited

(Millions)	Reserves		Balances		Percent
Commercial Portfolio Reserves
Individually impaired loans with reserves	$	20.8	$	107.1		19.42	%
Individually impaired loans without reserves		—		402.0		—
All other loans		461.6		9,039.7		5.11	%
Total	$	482.4	$	9,548.8		5.05	%

NRV Assessment of Commercial Individually Impaired Assets with no Reserves

			Appraised		Legal		Cumulative		Book		Book Balance /
(Millions)	Number		Value		Balance		Charge-Offs		Balance		Appraised Value
Individually impaired assets with no reserves		176	$	714.8	$	693.6	$	291.6	$	402.0		56.2	%

(Millions)	4Q09			3Q09			2Q09			1Q09			4Q08
NPL Rollforward (a)
Beginning NPLs	$	981		$	1,021		$	1,064		$	998		$	854
+ Additions		147			254			232			316			393
+ Principal Increase		9			7			19			13			7
- Payments		(175	)		(130	)		(113	)		(81	)		(82	)
- Net Charge-Offs		(114	)		(125	)		(155	)		(149	)		(150	)
- Transfer to OREO		(62	)		(46	)		(25	)		(32	)		(18	)
- Upgrade to Accrual		(2	)		—			(1	)		(1	)		(6	)
Ending NPLs	$	784		$	981		$	1,021		$	1,064		$	998

(a) Includes Commercial & One Time Close Portfolios only

(Millions)	4Q09			3Q09			2Q09			1Q09			4Q08
ORE Inventory Rollforward (a)
Beginning Balance	$	100.8		$	106.1		$	119.0		$	104.3		$	115.5
Valuation adjustments		(10.0	)		(10.4	)		(12.6	)		(6.8	)		(1.6	)
Adjusted Balance	$	90.8		$	95.7		$	106.4		$	97.5		$	113.9
+ New OREO		74.8			65.2			38.5			39.2			21.8
+ Capitalized Expenses		1.0			4.0			0.4			0.1			0.2
Disposals:
- Bulk Sales		—			(6.0	)		(10.6	)		—			—
- Auctions		—			(8.5	)		(4.2	)		(1.0	)		(1.0	)
- Single Transactions		(52.9	)		(49.6	)		(24.4	)		(16.8	)		(30.6	)
Ending Balance	$	113.7		$	100.8		$	106.1		$	119.0		$	104.3

(a) OREO (excludes foreclosed real estate from GNMA loans)

26

ASSET QUALITY: REGIONAL BANKING
Quarterly, Unaudited

																4Q09 Change vs.
	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Total Regional Banking
Period-end loans ($ millions)	$	9,897		$	10,011		$	10,282		$	10,727		$	11,017			(1	)%		(10	)%
30+ Delinq. % (a)		1.66	%		1.70	%		1.37	%		1.87	%		1.07	%
NPL %		2.23			2.52			2.07			1.80			1.49
Charge-offs % (qtr. annualized)		1.95			1.48			2.25			2.23			2.34
Allowance / loans %		3.65	%		3.65	%		3.31	%		3.25	%		2.83	%
Allowance / charge-offs		1.86	x		2.44	x		1.44	x		1.43	x		1.22	x
Key Portfolio Details
Commercial (C&I and Other)
Period-end loans ($ millions)	$	5,276		$	5,298		$	5,503		$	5,855		$	6,132			*			(14	)%
30+ Delinq. % (a)		1.14	%		1.34	%		1.04	%		1.56	%		0.54	%
NPL %		1.62			1.84			1.46			1.33			1.18
Charge-offs % (qtr. annualized)		1.55			1.18			1.44			1.96			2.36
Allowance / loans %		3.24	%		3.27	%		3.34	%		2.93	%		2.34	%
Allowance / charge-offs		2.09	x		2.71	x		2.24	x		1.46	x		1.01	x
Income CRE (Income-producing Commercial Real Estate)
Period-end loans ($ millions)	$	1,415		$	1,430		$	1,424		$	1,438		$	1,462			(1	)%		(3	)%
30+ Delinq. % (a)		3.32	%		2.40	%		1.63	%		2.82	%		1.25	%
NPL %		5.34			5.78			4.33			3.57			2.31
Charge-offs % (qtr. annualized)		1.84			1.09			5.29			2.57			1.50
Allowance / loans %		8.61	%		8.55	%		5.23	%		5.07	%		4.70	%
Allowance / charge-offs		4.62	x		7.84	x		0.97	x		1.94	x		3.09	x
Residential CRE (Homebuilder and Condominium Construction)
Period-end loans ($ millions)	$	277		$	313		$	357		$	396		$	435			(11	)%		(36	)%
30+ Delinq. % (a)		5.89	%		6.17	%		5.51	%		6.61	%		4.97	%
NPL %		19.52			22.06			19.73			16.10			13.27
Charge-offs % (qtr. annualized)		13.11			6.49			6.46			8.81			9.97
Allowance / loans %		8.99	%		9.86	%		10.32	%		10.19	%		8.54	%
Allowance / charge-offs		0.64	x		1.41	x		1.49	x		1.09	x		0.83	x
Consumer Real Estate (Home Equity Installment and HELOC)
Period-end loans ($ millions)	$	2,598		$	2,643		$	2,669		$	2,696		$	2,644			(2	)%		(2	)%
30+ Delinq. % (a)		1.33	%		1.46	%		1.31	%		1.32	%		1.41	%
Charge-offs % (qtr. annualized)		1.23			1.40			1.36			1.45			1.23
Allowance / loans %		1.19	%		1.04	%		1.12	%		1.79	%		1.70	%
Allowance / Charge-offs		0.96	x		0.74	x		0.81	x		1.24	x		1.40	x
Credit Card, Permanent Mortgage, and Other
Period-end loans ($ millions)	$	331		$	327		$	328		$	342		$	345			1	%		(4	)%
30+ Delinq. % (a)		1.89	%		1.98	%		1.77	%		1.83	%		2.09	%
Charge-offs % (qtr. annualized)		4.44			3.57			5.10			3.48			4.04
Allowance / loans %		3.56	%		3.69	%		4.61	%		4.56	%		5.07	%
Allowance / Charge-offs		0.81	x		1.03	x		0.90	x		1.31	x		1.25	x

*	Amount is less than one percent
Certain previously reported amounts have been reclassified to agree with current presentation.
(a)	30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.

27

ASSET QUALITY: MORTGAGE BANKING AND CAPITAL MARKETS
Quarterly, Unaudited

																4Q09 Change vs.
	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Total Mortgage Banking
Period-end loans ($ millions)	$	554		$	571		$	592		$	668		$	674			(3	)%		(18	)%
30+ Delinq. % (a)		6.41	%		5.19	%		6.03	%		7.09	%		3.63	%
NPL %		13.94			12.01			9.37			5.84			2.95
Allowance / loans %		3.76	%		2.47	%		5.04	%		3.67	%		4.15	%
Total Capital Markets
Period-end loans ($ millions)	$	1,989		$	1,772		$	2,059		$	2,034		$	1,918			12	%		4	%
30+ Delinq. % (a)		0.58	%		1.42	%		0.56	%		2.13	%		0.68	%
NPL %		4.46			5.84			3.45			1.99			1.43
Charge-offs % (qtr. annualized)		2.01			7.19			2.74			1.14			1.91
Allowance / loans %		5.80	%		5.65	%		3.85	%		3.54	%		3.31	%
Allowance / charge-offs		3.19	x		0.75	x		1.44	x		3.24	x		1.94	x

*	Amount is less than one percent
Certain previously reported amounts have been reclassified to agree with current presentation.
(a)	30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.

28

ASSET QUALITY: NATIONAL SPECIALTY LENDING
Quarterly, Unaudited

																4Q09 Change vs.
	4Q09			3Q09			2Q09			1Q09			4Q08			3Q09			4Q08
Total National Specialty Lending
Period-end loans ($ millions)	$	5,684		$	6,171		$	6,653		$	7,143		$	7,668			(8	)%		(26	)%
30+ Delinq. % (a)		3.83	%		3.41	%		4.35	%		4.49	%		3.46	%
NPL %		9.03			10.74			11.49			11.84			10.88
Charge-offs % (qtr. annualized)		8.25			7.92			9.25			7.47			6.00
Allowance / loans %		7.04	%		7.53	%		7.70	%		6.94	%		5.82	%
Allowance / charge-offs		0.81	x		0.92	x		0.80	x		0.89	x		0.95	x
Key Portfolio Details
Income CRE (Income-producing Commercial Real Estate)
Period-end loans ($ millions)	$	253		$	290		$	314		$	341		$	356			(13	)%		(29	)%
30+ Delinq. % (a)		2.11			—			8.16	%		9.03	%		7.51	%
NPL %		33.32			30.28			24.59			20.52			18.22
Charge-offs % (qtr. annualized)		22.25			11.51			7.70			7.66			8.74
Allowance / loans %		8.90	%		6.86	%		8.02	%		5.23	%		4.67	%
Allowance / charge-offs		0.36	x		0.56	x		0.98	x		0.67	x		0.50	x
Residential CRE (Homebuilder and Condominium Construction)
Period-end loans ($ millions)	$	340		$	477		$	579		$	682		$	780			(29	)%		(56	)%
30+ Delinq. % (a)		2.19	%		2.33	%		4.87	%		12.47	%		3.19	%
NPL %		60.60			54.60			52.10			48.91			40.97
Charge-offs % (qtr. annualized)		27.44			17.46			23.56			22.50			19.26
Allowance / loans %		7.83	%		9.20	%		9.75	%		7.55	%		8.03	%
Allowance / charge-offs		0.22	x		0.47	x		0.37	x		0.31	x		0.38	x
Consumer Real Estate (Home Equity Installment and HELOC)
Period-end loans ($ millions)	$	4,333		$	4,504		$	4,686		$	4,913		$	5,105			(4	)%		(15	)%
30+ Delinq. % (a)		2.89	%		2.75	%		2.59	%		2.38	%		2.26	%
NPL %		0.30			0.15			0.13			0.10			0.10
Charge-offs % (qtr. annualized)		3.94			3.98			3.94			2.88			2.10
Allowance / loans %		4.25	%		4.49	%		4.13	%		3.76	%		2.68	%
Allowance / charge-offs		1.06	x		1.11	x		1.03	x		1.28	x		1.26	x
OTC (Consumer Residential Construction Loans)
Period-end loans ($ millions)	$	229		$	362		$	558		$	773		$	981			(37	)%		(77	)%
30+ Delinq. % (a)		9.87	%		4.00	%		7.90	%		2.82	%		4.43	%
NPL %		82.73			77.37			64.06			55.19			43.03
Charge-offs % (qtr. annualized)		32.03			29.87			30.53			21.10			14.80
Allowance / loans %		26.85	%		30.21	%		29.46	%		23.74	%		20.44	%
Allowance / charge-offs		0.67	x		0.79	x		0.80	x		0.99	x		1.25	x
Permanent Mortgage
Period-end loans ($ millions)	$	506		$	514		$	490		$	407		$	417			(2	)%		21	%
30+ Delinq. % (a)		10.93	%		11.48	%		13.90	%		15.72	%		12.60	%
NPL %		4.05			5.34			4.42			2.50			5.32
Charge-offs % (qtr. annualized)		0.08			0.11			0.14			0.06			—
Allowance / loans %		20.23	%		16.77	%		13.93	%		13.14	%		6.13	%
Allowance / charge-offs		2.53	x		1.63	x		1.03	x		8.14	x	NM
Other Consumer
Period-end loans ($ millions)	$	24		$	24		$	25		$	26		$	29			*			(17	)%
30+ Delinq. % (a)		6.77	%		7.47	%		8.05	%		8.56	%		8.14	%
Charge-offs % (qtr. annualized)		15.20			18.58			17.40			15.27			11.31
Allowance / loans %		12.37	%		13.60	%		17.35	%		18.94	%		13.87	%
Allowance / Charge-offs		0.81	x		0.73	x		0.96	x		1.16	x		1.22	x

*	Amount is less than one percent
Certain previously reported amounts have been reclassified to agree with current presentation.
(a)	30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.

29

ASSET QUALITY HIGHLIGHTS: KEY PORTFOLIOS — COMMERCIAL
Unaudited

C&I Portfolio: $7.1 Billion (39% of Total Loans)

- Primarily relationship customers in TN and regional middle market lending efforts

- Diverse by industry, good granularity

- Impacted by deterioration in overall economic conditions

- Trust preferred loans and bank-related exposures most severely impacted

	% OS
General Corporate, Commercial, and Business Banking Loans		80	%
Mortgage Warehouse Line Balances		10	%
Trust Preferred Loans		7	%
Bank Holding Company Lending		3	%

Income CRE Portfolio: $1.8 Billion (10% of Total Loans)

- Traditional commercial real estate construction and mini-permanent loans

- 80% managed by Regional Banking segment (approx)

- Only 14% in national CRE business: wind-down portfolio (approx)

- Poor economic conditions impacting vacancy levels, rate of stabilization, and rental rates

- Lack of available financing combined with a weak economy impacting property valuations

- Expect a prolonged period of portfolio underperformance versus historical expectations

Top 10 States
	% OS			% NPL
TN		44.76	%		3.45	%
NC		8.99	%		21.54	%
FL		6.73	%		42.93	%
GA		6.46	%		3.84	%
TX		4.81	%		12.72	%
MS		3.58	%		0.42	%
WA		3.36	%		15.20	%
SC		3.23	%		2.52	%
WV		2.02	%		0.00	%
AZ		1.99	%		59.33	%

As of 12/31/09

Homebuilder Portfolio: $640 Million (4% of Total Loans)

- Loans to residential builders and developers

- Performance severely impacted by the housing market

- Most severe market conditions in FL, WA, CA, AZ and MD

- Wind-down portfolio: In early 2008 ceased originations for national CRE lending; balances have decreased by 75% since March 2008

Top 10 States
	% OS			% NPL
TN		28.11	%		14.78	%
FL		10.82	%		78.83	%
NC		8.56	%		39.74	%
WA		7.30	%		50.29	%
TX		5.70	%		20.39	%
CA		4.13	%		41.68	%
CO		3.71	%		33.43	%
VA		3.70	%		23.76	%
AZ		3.14	%		100.00	%
MD		3.10	%		58.96	%

As of 12/31/09

30

ASSET QUALITY HIGHLIGHTS: KEY PORTFOLIOS — CONSUMER
Unaudited

Consumer Real Estate (primarily Home Equity) Portfolio: $6.9 Billion (38% of Total Loans)

- Performance stabilizing

- Geographically diverse

- Top States (TN = 35%, CA = 15%, VA = 4%, WA = 4%)

- Strong borrower quality

- 736 avg. portfolio origination FICO; 729 avg. portfolio FICO (refreshed)

- Good collateral position

- High LTV loans managed through whole loan insurance

- 28% first lien and 72% second lien

- 87% of uninsured portfolio <90 CLTV

- 13% of uninsured portfolio is HLTV, 65% of which (or 8.5%) have FICO >700

- FHN has not originated loans >89.9% CLTV since September 2007

- Good borrower capacity (37% avg. DTI)

- Primarily retail-sourced (86% retail)

- Mix of older vintage loans

- 48% originated prior to 2006

Top 10 States
	% OS			Del. %			C/O	%
TN		35	%		1.29	%	.94	%
CA		15	%		3.08	%	6.52	%
VA		4	%		1.76	%	2.96	%
WA		4	%		2.09	%	4.56	%
MD		3	%		2.66	%	3.66	%
GA		3	%		3.12	%	2.01	%
FL		3	%		4.55	%	12.20	%
AZ		3	%		4.54	%	14.40	%
NJ		2	%		2.05	%	4.48	%
PA		2	%		2.08	%	2.56	%

As of 12/31/09

Retail vs. Wholesale Originations
	% OS			Del. %			C/O	%
Retail		86.13	%		1.99	%	2.88	%
Wholesale		11.64	%		4.74	%	12.36	%
Other		2.23	%		2.21	%	5.11	%

As of 12/31/09

Portfolio Breakdown by LTV and FICO
	<=80	%	80% - 90	%	>90	%
>=740	32.7	%	14.6	%	4.8	%
720-739	7.1	%	4.6	%	1.9	%
700-719	7.1	%	4.3	%	1.8	%
660-699	7.8	%	3.9	%	3.0	%
620-659	2.5	%	1.3	%	1.2	%
<620	.8	%	.3	%	.5	%
*excludes whole loan insurance

As of 12/31/09

		Balance			Origination Characteristics														QTD			YTD
	Vintage	%			CLTV			FICO		% Broker *			% TN			% 1st lien			NCO’s %			NCO’s %
	pre-2002		6	%		76	%		718		16	%		49	%		36	%		1.37	%		1.73	%
	2003		9	%		74	%		731		13	%		36	%		44	%		.51	%		1.13	%
	2004		12	%		77	%		728		23	%		26	%		30	%		3.34	%		2.35	%
	2005		21	%		80	%		732		19	%		20	%		17	%		7.91	%		5.04	%
	2006		17	%		77	%		735		6	%		25	%		18	%		4.84	%		4.62	%
	2007		19	%		79	%		740		15	%		27	%		19	%		4.30	%		3.95	%
	2008		10	%		76	%		749		9	%		70	%		52	%		1.65	%		2.05	%
	2009		6	%		72	%		755		2	%		84	%		59	%		.36	%		.10	%
	Total		100	%		77	%		736		14	%		35	%		28	%		2.93	%		2.83	%
*	Correspondent and Wholesale

Permanent Mortgage Portfolio: $1.1 Billion (6% of Total Loans)

- Portfolio performance varies by underlying pools

- National portfolios winding-down

- Originations primarily consist of OTC completed construction loans

- Geographically diverse

- Balanced origination sources

- 51% retail; 49% wholesale

- Documentation type

- 60% full doc; 37% stated; 3% other

- Product type

- 62% jumbo; 22% Alt A; 16% other

Top 10 States
	% OS			Del. %
CA		20	%		7.40	%
TX		10	%		7.45	%
WA		8	%		7.45	%
AZ		6	%		10.58	%
VA		5	%		2.64	%
UT		5	%		21.01	%
OR		4	%		12.27	%
FL		4	%		13.67	%
MD		4	%		5.33	%
ID		3	%		12.09	%

As of 12/31/09

31

ASSET QUALITY: PROCESS HIGHLIGHTS

Product Current Process

Commercial Loans (Real Estate / C&I)

Risk Grading

Reserves are established using historical loss factors by grade level. Relationship managers risk rate each loan using grades that reflect both the probability of default and estimated loss in the event of default. Loans with emerging weaknesses receive increased oversight through our Watch List process.

Watch List Process

For new Watch List loans, senior credit management reviews risk grade appropriateness and action plans. After initial identification, relationship managers prepare regular updates for review and discussion by more senior business line and credit officers. This oversight is intended to bring consistent grading and allow timely identification of loans that need to be further downgraded or placed on non-accrual status.

Classified and Non-Accruals

When a loan becomes classified, the asset generally transfers to the specialists in our Loan Rehab and Recovery group where the accounts receive more active management and detailed monitoring; at this time, new appraisals are typically ordered for real estate collateral dependent credits.

Loans are placed on non-accrual status if it becomes evident that full collection of principal and interest is at risk, or if loans become 90 days or more past due.

Impairment Assessment

Generally, classified non-accrual loans over $1 million are deemed to be impaired in accordance with GAAP and are assessed for impairment measurement. For impaired assets viewed as collateral dependent, fair value estimates are obtained from a recently received and reviewed appraisal. Appraised values are adjusted down for costs associated with asset disposal and for our estimate of any further deterioration in values since the most recent appraisal. Upon the determination of impairment, we charge off the full difference between book value and our best estimate of the asset’s net realizable value.

One-Time Close (OTC) Loans

For OTC real estate construction loans, reserve levels are established based on portfolio modeling and regular portfolio reviews conducted with business line managers and credit officers. In addition, OTC loans that reach 90 days past due are placed on non-accrual. A new appraisal is ordered for loans that reach 90 days past due or are classified as substandard during the monthly portfolio review. Loans are initially written down to current appraised value. Loans are then assessed for charge down again when they reach 180 days past due, and again when they are taken into OREO.

Home Equity Loans & Lines

For home equity loans and lines, reserve levels are established through the use of segmented roll rate models. Loans are classified substandard at 90 days delinquent. Our collateral position is assessed prior to the asset becoming 180 days delinquent. If the value does not support foreclosure, balances are charged-off and other avenues of recovery are pursued. If the value supports foreclosure, the loan is charged down to net realizable value and is placed on non-accrual status. When collateral is taken to OREO, the asset is assessed for further write down to a percentage of appraised value.

32

GLOSSARY OF TERMS

Adjusted Tangible Equity/RWA: Shareholders’ equity excluding intangible assets and unrealized gains/losses on available for sale securities and cash flow hedges divided by risk weighted assets.

Appraisal Fees: A fee charged to the borrower for the cost of appraising a property.

ASC 310 Fee Deferral: The timing difference between collecting and recognizing origination fees on a loan not carried at elected fair value. For loans held for sale not carried at elected fair value, origination fees are recognized at the time the loan is sold, not at the time the loan is originated.

ASC 310 Reclassification: The reclassification of the cost of originating mortgage warehouse loans, not carried at elected fair value, sold during the period.

Core business segments: Management treats Regional Banking, Capital Markets, and Corporate as FHN’s core businesses. Mortgage Banking and National Specialty Lending have significant legacy assets and operations that are being wound down.

Credit Report Fee: A fee charged to the borrower for the cost of obtaining the borrower’s credit report.

Final Inspection Fee: A fee charged to the borrower to inspect a property.

Individually Impaired Loans: Commercial loans over $1 million that are not expected to pay all contractually due principal and interest and consumer loans that have experienced a troubled debt restructuring and are individually evaluated for impairment. These loans are generally written down to an estimate of collateral value less cost to sell.

Lower of Cost or Market (LOCOM): A method of accounting for certain assets by recording them at the lower of their historical cost or their current market value.

Origination Fees: A fee charged to the borrower by the lender to originate a loan. Usually stated as a percentage of the face value of the loan.

Asset Quality — Consolidated Key Ratios

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

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

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

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

Allowance to loans excluding insured loans: Ratio is allowance for loan losses to total period end loans excluding insured loans.

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

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

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

33

NON-GAAP to GAAP RECONCILIATION
Quarterly, Unaudited

(Thousands)	4Q09			3Q09			2Q09			1Q09			4Q08
Pre-Tax Pre-Provision Earnings (Non-GAAP)
Pre-tax loss (GAAP)	$	(89,265	)	$	(40,182	)	$	(179,217	)	$	(111,870	)	$	(83,254	)
Less: Provision for loan losses (GAAP)		135,000			185,000			260,000			300,000			280,000
Pre-tax pre-provision earnings (Non-GAAP)	$	45,735		$	144,818		$	80,783		$	188,130		$	196,746
(Millions)
Tangible Common Equity (Non-GAAP)
(A) Total equity (GAAP)	$	3,302.5		$	3,370.2		$	3,394.0		$	3,507.7		$	3,574.6
Less: Preferred stock capital surplus — CPP		798.7			794.6			790.6			786.6			785.7
Less: Noncontrolling interest (a)		295.2			295.2			295.2			295.2			295.2
(B) Total common equity	$	2,208.6		$	2,280.4		$	2,308.2		$	2,425.9		$	2,493.7
Less: Intangible assets (GAAP) (b)		203.8			218.9			234.3			235.9			237.5
(C) Tangible common equity (Non-GAAP)	$	2,004.8		$	2,061.5		$	2,073.9		$	2,190.0		$	2,256.2
Less: Unrealized gains on AFS securities, net of tax		64.9			67.5			59.2			57.4			42.3
(D) Adjusted tangible common equity (Non-GAAP) (c)	$	1,939.9		$	1,994.0		$	2,014.7		$	2,132.6		$	2,213.9
Tangible Assets (Non-GAAP)
(E) Total assets (GAAP)	$	26,068.7		$	26,465.9		$	28,758.9		$	31,208.0		$	31,022.0
Less: Intangible assets (GAAP) (b)		203.8			218.9			234.3			235.9			237.5
(F) Tangible assets (Non-GAAP)	$	25,864.9		$	26,247.0		$	28,524.6		$	30,972.1		$	30,784.5
Period-end Shares Outstanding
(G) Period-end shares outstanding		222.0			221.9			221.9			221.6			220.7
Tier 1 Common (Non-GAAP)
(H) Tier 1 capital (d) (e)	$	3,485.3		$	3,563.7		$	3,596.3		$	3,709.0		$	3,784.2
Less: Preferred stock capital surplus — CPP		798.7			794.6			790.6			786.6			782.7
Less: Noncontrolling interest — FTBNA preferred stock (a) (f)		294.8			294.8			294.8			294.8			294.8
Less: Trust preferred (g)		300.0			300.0			300.0			300.0			300.0
(I) Tier 1 common (Non-GAAP)	$	2,091.8		$	2,174.3		$	2,210.9		$	2,327.6		$	2,406.7
Risk Weighted Assets
(J) Risk weighted assets (d) (e)	$	21,410.1		$	21,999.5		$	23,123.4		$	24,771.8		$	25,185.4
Ratios
(C)/(F) Tangible common equity to tangible assets (TCE/TA) (Non-GAAP)		7.75	%		7.85	%		7.27	%		7.07	%		7.34	%
(A)/(E) Total equity to total assets (GAAP)		12.67	%		12.73	%		11.80	%		11.24	%		11.52	%
(C)/(G) Tangible book value per common share (Non-GAAP)	$	9.03		$	9.29		$	9.35		$	9.88		$	10.22
(B)/(G) Book value per common share (GAAP)	$	9.95		$	10.28		$	10.40		$	10.95		$	11.31
(I)/(J) Tier 1 common ratio (Non-GAAP)		9.77	%		9.88	%		9.56	%		9.40	%		9.56	%
(H)/(E) Tier 1 capital to total assets (GAAP)		13.37	%		13.47	%		12.50	%		11.88	%		12.20	%
(D)/(J) Adjusted tangible common equity to risk weighted assets (TCE/RWA) (Non-GAAP) (c)		9.06	%		9.06	%		8.71	%		8.61	%		8.80	%

(a)	Included in total equity on the consolidated balance sheet.
(b)	Includes goodwill and other intangible assets, net of amortization.
(c)	See Glossary of Terms for definition of ratio.
(d)	Current quarter is an estimate.
(e)	Defined by and calculated in conformity with bank regulations.
(f)	Represents FTBNA preferred stock included in noncontrolling interest.
(g)	Included in term borrowings on the consolidated balance sheet.

34

First Horizon National Corporation Fourth Quarter 2009 Earnings January 19, 2010

Portions of this presentation use non-GAAP financial information. Each of those portions is so noted, and a reconciliation of that non-GAAP information to comparable GAAP information is provided in a footnote or in the appendix at the end of this presentation. This presentation contains forward-looking statements, which may include guidance, involving significant risks and uncertainties which will be identified by words such as "believe" "expect" "anticipate" "intend" "estimate" "should" "is likely" "will" "going forward" and other expressions that indicate future events and trends and may be followed by or reference cautionary statements. A number of factors could cause actual results to differ materially from those in the forward-looking information. These factors are outlined in our recent earnings and other press releases and in more detail in the most current 10-Q and 10-K. First Horizon disclaims any obligation to update any of the forward-looking statements that are made from time to time to reflect future events or developments.

Strategic Accomplishments of 2009 1Current quarter is estimate; Tier 1 Common, TCE, & TA are non-GAAP numbers, and a reconciliation is provided in the appendix. Refocusing on Core Businesses NIM improved 39bps to 4.97% from 4Q08 to 4Q09 Average Regional Banking core deposits up $1.2B or 12% from 4Q08 to 4Q09 Line of business structure implemented in 2009 Solid Regional Banking Franchise Strong Capital Markets Business Record fixed income average daily revenue of $2.4mm in 2009, up 22% from 2008 Efficient variable cost structure Reducing Risk Consolidated average core deposits increased $1.1B or 9% from 4Q08 to 4Q09 Total decline in debt of $1.8B in 2009 Reduced wholesale funding by $4.3B from 4Q08 to 4Q09 Loan to core deposit ratio improved to 122% from 160% from 4Q08 to 4Q09 Improved Liquidity Position Balance Sheet Reduction Total assets declined to $26.1B or 16% below year end 2008 National Specialty loans decreased 40% or $3.9B since 12/31/07 Tier 1 ratio of 16.3% Tier 1 Common of 9.8% TCE + Reserves of 13.6% TCE/TA of 7.8% Bolstered Capital Position1 Ability to Execute Proactive on Asset Quality NPLs declined 16%, NCO's down 9% from 3Q09 to 4Q09 Charge-offs decreased in 3Q09 & 4Q09 Reserve decrease in 3Q09 & 4Q09

1Pre-tax, pre-provision is a non-GAAP number and is pre-tax income excluding provision; a reconciliation is provided in the appendix. 2Current quarter is estimate; Tier 1 Common, TCE, & TA are non-GAAP numbers, and a reconciliation is provided in the appendix. Financial Highlights: Fourth Quarter 2009 Loss per share of $0.32 after discontinued operations Net loss available to common shareholders of $71mm $(31)mm pre-tax impact from restructuring items $(15)mm impact of TARP CPP preferred Provision decreased $50mm to $135mm from 3Q09 Charge-offs declined 9% linked-quarter NPAs down 14% linked-quarter Strong capital ratios improved: TCE/TA at 7.8%2 Tier 1 at 16.3%2 Tier 1 Common at 9.8%2 Pre-tax, pre-provision income1 of $46mm Regional Banking and Capital Markets contributed $109mm Wind-down businesses experienced higher environmental costs and lower hedging results NIM at 3.19%, up 5bps linked-quarter Regional Banking NIM up 17bps to 4.97% Fee income as a percent of total revenue at 57% Fixed Income average daily revenue at $1.8mm in 4Q09 vs. $1.9mm in 3Q09 Expenses of $390mm $22mm of restructuring, repositioning and efficiency charges $72mm of environmental costs, including $59mm P&L expense of mortgage repurchase reserves Expenses down 9% in Regional Bank and down 5% in Capital Markets, linked-quarter Key Results Key Drivers

Financial Results

Consolidated Financial Results Pre-tax, pre-provision income1 of $46mm Restructuring items with pre-tax impact of $(31)mm Fees at $247mm in 4Q09 Continued solid fixed income sales, slightly down from last quarter's levels Mortgage hedging results of $24mm Expenses at $390mm in 4Q09 Regional Banking expenses decreased 9% or $15mm primarily from lower foreclosure costs Lower variable compensation in Capital Markets drove expenses down 5% or $4mm Increase driven by elevated environmental costs: $59mm of mortgage repurchase reserve expense $13mm of foreclosure expense Provision at $135mm $48mm reserve decrease Second straight quarter of lower provision expense and reserve decrease Charge-offs down $19mm to $183mm at 4Q09 Period-end shares increased to 222mm2 Prior quarters restated to reflect stock dividend Numbers may not add to total due to rounding. 1Pre-tax, pre-provision is a non-GAAP number and is pre-tax income excluding provision; a reconciliation is provided in the appendix. 2At 12/31/09.

Regional Banking 3Q09 Capital Markets Corporate Mortgage National Specialty Pre-Tax, Pre-Provision Earnings: Regional Banking Improves Pre-Tax, Pre-Provision Earnings1 4Q09 Drivers / Impacts 4Q09 Revenue 4Q09 Expense Repurchase Reserve of $(59)mm in 4Q09 vs. $(26)mm in 3Q09 $36 $65 $17 $21 $8 $205 $(155) $141 $(82) $9 $(41) $52 $(80) $29 $(33) Core Business (subtotal) Total $117 $355 $(278) $145 $436 $(390) 4Q09 Lower variable compensation Foreclosures: $(2)mm in 4Q09 vs. $(8)mm 3Q09; Average daily revenue of $1.8mm in 4Q09 vs. $1.9mm in 3Q09 Lower hedging results of $24mm in 4Q09 vs. $31mm 3Q09 NIM expanded to 4.97% in 4Q09 vs. 4.80% in 3Q09 $50 $59 $(32) Debt repurchase gain of $4mm vs. $13mm in 3Q09 $77 $(28) $(4) $46 Restructuring items of $31mm pre-tax impact in 4Q09 Numbers are in millions of dollars and may not add to totals due to rounding. 1Pre-tax, pre-provision is a non-GAAP number and is pre-tax income excluding provision; a reconciliation is provided in the appendix.

Repositioning Actions Repositioning actions are consistent with ongoing efficiency plan and should improve performance over the long-term Numbers are in millions of dollars and may not add to totals due to rounding. Item Pre-Tax Impact Cash Impact Non-Cash Impact Contract Cancellation $13 $4 $9 Divestiture and Closure of First Horizon Insurance (Atlanta) $12 $1 $11 Divestiture and Closure of Remittance Processing Business $5 $1 $4 Other $1 - $1 Total $31 $6 $25

Core Businesses' Expenses Decline, Environmental Costs Continue to be Volatile Consolidated expenses up 12% to $390mm from 3Q09 to 4Q09 Includes $22mm of expense from restructuring actions Regional Banking expenses decreased 9% linked quarter Capital markets expenses down 5% linked quarter Environmental costs show continued volatility Continued elevated foreclosure costs of $13mm in 4Q09 vs. $21mm in 3Q09 Higher mortgage repurchase reserve expense of $59mm in 4Q09 vs. $26mm in 3Q09 Expenses by Business Line Environmental Costs 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 Regional Banking 151 146 154 163 168 168 170 155 Capital Markets 116 101 88 105 142 105 87 82 Corporate 167 37 41 2 17 25 17 41 Mortgage/Nat'l Specialty 179 117 65 81 104 75 112 $390 $350 $402 $408 $335 4Q08 1Q09 2Q09 3Q09 4Q09 Reinsurance Reserve 16.6 14.3 8.2 - Consumer Repurchase Reserves 8.2 10 21.8 21.2 13.1 Mortgage Repurchase Reserves1 2.8 12.3 29.1 25.8 59.3 Foreclosure Expense - 10 12 - - FDIC special assessment - - 12.6 - - $73 $47 $84 $47 $28 1Mortgage repurchase reserve related to mortgage banking 2Consumer repurchase reserves related to home equity. 2

2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 Loan Yield 0.0529 0.0512 0.048 0.0398 0.0393 0.0387 0.0391 Deposit Cost 0.0244 0.0229 0.0211 0.0177 0.014 0.0112 0.01 Spread (right axis) 285 283 269 222 253 275 291 Reducing Balance Sheet Risk, Growing Core Deposits & Improving Net Interest Margin Total assets declined to $26B in 4Q09 National Specialty loans decreased $458mm Continued consolidated average core deposit growth Up 3% linked quarter, 9% from 4Q08 to 4Q09 Consolidated NIM improved 5bps to 3.19% linked quarter Core businesses NIM1 up 3bps linked quarter to 3.69% Regional Bank up 17 bps to 4.97% Widening spreads on new loans with improved pricing Weighted average rate paid on core deposits declined Adverse impact of non-accruals lessening 2 Yields and Rates Adverse Impact of Non-Accruals Net Interest Margin by Segment Average Core Deposits 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 Regional Banking 9.6 9.8 10.3 10.3 10.5 10.9 Capital Markets 0.2 0.2 0.2 0.3 0.4 0.404 Corporate 1.2 1.6 1.2 1 1.5 1.5 Mortgage 1 0.7 1.2 1 0.8 0.693 National Specialty 0.2 0.1 0.1 0.1 0.1 0.0765 1Core businesses NIM is a non-GAAP number relating to the three core business segments: Regional Banking, Capital Markets, and Corporate. It is calculated in the same basic manner as First Horizon (consolidated) NIM, by dividing fully tax equivalent net interest income for the three core segments by average earning assets for those segments. 2Spread is loan yield minus deposit cost. $9.8 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 Loss of Yield and Int Reversals 16 20 23 17 16 17 13 $10.3 $10.3 $10.5 $10.9

Asset Quality

Asset Quality Overview: Charge-Offs and Reserves Decrease1 Reserves vs. Peers2 Reserves and Charge-offs 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 Provision 43.352 156.519 240 220 340 270 Net Charge-Offs 31.384 50.793 99.138 127.672 154.693 191.2 208.3 239.4 202 183 Net Charge-Offs -31.384 -50.793 -99.138 -127.672 -154.693 -195 Reserve 245.163 353.067 494.989 597.452 779.565 858 Reserve Increase/ Decrease 11.968 105.726 140.862 91.9 185.307 88.8 91.7 20.6 -17 -48 Reserve % of Loans (right axis) 0.0108 0.0155 0.022 0.0259 0.0352 0.0399 0.0457 0.0491 0.051 0.0495 Provision 0.0108 0.0155 0.022 0.0259 0.0352 0.0399 0.0457 0.0491 0.051 0.0495 Peer Median FHN Consolidated FHN Regional Bank FHN Capital Markets3 FHN National Portfolios Reserves 0.027 0.0495 0.0365 0.058 0.0675 1Asset quality ratios as of 12/31/2009. 2Peer Median includes Top 50 banks by asset size as of 3Q09. 3Capital Markets reserve excludes LOCOM. Net charge-offs totaled $183mm, down $19mm from 3Q09 4.00% (annualized) of loans1 Reserves decreased $48mm, to $897mm linked quarter 4.95% of loans1 Reserve increases in Commercial & Industrial (bank-related) and Mortgage Reserve decreases in One Time Close and Residential Commercial Real Estate $191 $208 $239 $202 $183

1ORE excludes foreclosed real estate from GNMA loans. 2Includes Commercial & One-Time Close Portfolios only; Numbers may not add due to rounding. ORE: Proactive Valuation and Disposition Efforts1 NPLs: Decreased Inflows, Increased Resolutions2 Non-Performing Assets Declining 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 NPLs 208.3 307.1 537.3 770 900 1054.4 1132.7 1126.96 1120 937 ORE 60 85.3 83.7 106.1 115.5 103.6 119 106.12 100.77 113 43% 16% 14% 8% (2)% (1)% (14)% NPAs declined $169mm, or 14% linked-quarter, down for the third straight quarter ORE increased 14% reflecting NPLs rolling to owned real estate Individual sales at approx. carrying values Average age of ORE approximately 180 days NPL levels down 16% OTC and Residential CRE down significantly C&I and Income CRE down marginally Home equity and Mortgage up marginally NPAs Declining, Problem Loan Resolution Efforts Continue

1As of 12/31/09; NPLs as a percentage of each portfolio. Income CRE Portfolio: Stress to Remain through 2010 Portfolio Characteristics Performance Collateral Type1 Loan Type1 Construction Land Mini-Perm/Non-Construction Property Type 0.19 0.12 0.69 Construction 19% Land 12% Mini-Perm/ Construction 69% NPLs by Product Type1 Traditional commercial real estate construction and mini- permanent loans Balances of $1.8B at 4Q09; 80% managed in Regional Banking Market conditions impacting portfolio performance Recession increasing vacancy and rental rates (NOI) Lack of available financing increasing cap rates Proactively managing problem projects and maturities to regulatory standards Reserves of 8.7% at 12/31/09 Portfolio performance stabilizing, but will remain at or near current level for 2010 2Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 30+ Delq. 0.52 0.0196 0.0057 0.0143 0.0347 0.0242 0.0423 0.0282 0.0219 0.0313 Net Charge-Offs (ann.) 0.74 0.0013 0.0194 0.0063 0.0024 0.0273 0.0336 0.064 0.0346 0.0613 NPLs/Total Loans 0.0354 0.0372 0.0502 0.063 0.0867 0.1087 0.1035 Retail Multi-Family Office Land Other Industrial Hospitality Income CRE by balances 0.24 0.19 0.14 0.12 0.11 0.12 0.08 Other 11% Land 12% Industrial 12% Hospitality 8% Retail 24% Multi-Family 19% Office 14%

1Reserve Coverage includes LOCOM on TRUPs . 2NCO% is YTD. Consolidated C&I Portfolio 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 30+ Delq. 0.0115 0.0053 0.0153 0.0082 0.0125 0.0096 Net Charge-Offs (Ann.) 0.0164 0.0221 0.0155 0.0143 0.0248 0.0121 NPLs/Total Loans 0.0105 0.0103 0.0135 0.0152 0.0213 0.019 TRUPS and Bank-Related Loans C&I Portfolio: Core Stable; TRUPS, Bank-Related Loans Stressed Largely TN portfolio, 74% housed in the Regional Bank $7.1B portfolio diversified by industry Performance impacted disproportionately by TRUPs and bank-related loans $21mm 4Q09 charge-offs: no TRUPS and bank-related losses $44mm 3Q09 charge-offs: $25mm in TRUPS and bank-related losses TRUPS and bank holding company loan portfolios re-graded quarterly to maintain an accurate risk profile and adequate reserve levels C&I consolidated reserves of 3.9% at 12/31/09 TRUPs & Bank Related All Other C&I Property Type 0.91 0.09 All Other C&I 90% TRUPs & Bank Related 10%

C&I Portfolio: TRUPS & Bank-Related Loans $697mm balances in TRUPS and bank-related loans $301mm whole-loan TRUPs to banks $164mm whole-loan TRUPs to insurance companies $131mm loans to bank holding companies $101mm other loans secured by bank stock Fed Funds lines also extended to many correspondents: not committed, very short term Most intensive focus on bank TRUPs and bank holding company loans: elevated reserves held for riskier exposures Impact of TRUPS and Bank-Related Loans 4Q09 TRUPs & Bank-Related Loans1 C&I w/o TRUPs & Bank-Related Loans Total C&I Portfolio PE Balances ($mm) $697 $6,438 $7,135 Reserves ($mm) $120 $157 $277 Reserve Coverage 17.19%1 2.44% 3.88% NPL % 6.55% 1.40% 1.90% NCO %2 3.93% 1.41% 1.67% 1Reserve Coverage includes LOCOM on TRUPs . 2NCO% is YTD.

30 Day Del. 1/8/2008 Feb March April May June July Aug Sept Oct Nov Dec 1/1/2009 Feb March April May June July Aug Sept Oct Nov Dec Regional Banking 0.0154 0.016 0.0164 0.0145 0.0131 0.0112 0.011 0.0121 0.0123 0.0127 0.0139 0.0133 0.0125 0.0132 0.0125 0.0124 0.0129 0.0128 0.0142 0.0133 0.0144 0.0147 0.0133 0.0131 National Specialty 0.0149 0.0149 0.0145 0.0137 0.0134 0.0131 0.0134 0.0147 0.016 0.0175 0.0214 0.0229 0.0233 0.0241 0.0241 0.0243 0.0249 0.0262 0.0265 0.0265 0.0279 0.0282 0.0288 0.0293 Industry 0.0328 0.0349 0.0347 0.0356 0.0368 0.0382 0.0394 0.0417 0.0431 0.0442 0.0486 Home Equity Portfolio 30+ Delinquency: National vs. Regional1 Net-Charge Offs2 Vintage Mix National Portfolio Run-Off 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 Regional Banking 0.52 0.004 0.0064 0.0076 0.015 0.0081 0.0123 0.0145 0.0136 0.014 0.0123 National Specialty 0.74 0.0034 0.0062 0.0102 0.0191 0.017 0.021 0.0288 0.0394 0.0398 0.0394 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 Period End Balance 5385.04 5263.97 5140.65 5044.12 4856.63 4625.17 4444.49 4275.07 Constant Pre-Payment Rate (right axis) 0.16 0.15 0.11 0.09 0.15 0.17 0.13 0.14 Industry1 = 13.12% 1Source: McDash industry data as of September 2009. FHN data excludes FHB. 2Net Charge-Offs are annualized.

1Perm Mortgage reflects consolidated asset quality trends. National Wind-Down Portfolios: OTC, Perm Mortgage, & Res CRE 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 OTC Commitments 3.4 3 2.6 2 1.5 1.3 1 0.776 0.412 0.263 OTC Balances 2.2 2 1.8 1.5 1.2 0.981 0.773 0.558 0.362 0.229 Unfunded Commitments 1 0.8 0.5 0.3 0.3 0.23 0.218 0.06 0.034 91% One-Time Close Permanent Mortgage1 National Res CRE OTC balances down 37% from 3Q09 to $229mm Completed loans paid off, modified to perm mortgage, or managed as problem assets OTC reserves of 26.9% at 12/31/09 Perm portfolio balances flat despite OTC in migration Portfolio performance varies by underlying pools Delinquency trends moderating Reserves of 11.4% at 4Q09; increased in response to increase in observed loss severities Residential CRE national balances down 29% from 3Q09 down to $340mm at 4Q09 National Residential CRE reserves of 7.8% at 4Q09 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 Nat'l Res CRE Balances 1.432 1.4 1.1 0.927 0.78 0.682 0.579 0.477 0.34 Nat'l Res CRE Commitments 0.9 2 1.6 0.4 0.7 0.3 0.1 0.1 0.09 0.9 0.4 0.7 0.3 0.1 0.1 0.0057 NPLs as % of portfolio 0.078 0.1207 0.2202 0.3203 0.4097 0.4891 0.521 0.546 0.606 30+day Del. 0.0428 0.0662 0.0505 0.0319 0.1247 0.0487 0.0233 0.0219 83% 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 Perm Mortgage Balances 647 1004 1080 1127 1109 1112 1113 1086 30+Del. 0.0636 0.0738 0.0694 0.1011 0.0944 0.0809 0.0849 Charge-Offs Ann. 0.663175 0.0115 0.0022 0.0057 0.0347 0.0797 0.0627 0.0465

Credit Expectations and Risks Summary 2010 Outlook (stable/improving economy): National Residential CRE and One Time Close portfolios largely gone Home Equity losses decrease in second half of 2010 C&I core portfolio mostly stable although volatility expected in TRUPs and bank-related loans Income CRE trends likely to remain stressed 2010 charge-offs and reserves should be lower than 2009 levels if current economic trends continue 1Other includes permanent mortgage, other consumer, and credit card. 22010 net charge-off expectations are relative to total 2009 net charge-offs. 32010 expectations are related to year-end 2009 actual levels.

Summary Earnings power within core franchise Regional Banking continues to improve Capital Markets' fixed income revenues remain strong, but normalizing along with market conditions NPA and charge-off declines consistent with expectations Reflects proactive approach and wind-down of national portfolios Provision expense decreased for second straight quarter National wind-down businesses continue to comprise a lower percentage of the total balance sheet Capital and liquidity remain strong On track to return to sustained profitability

Appendix

As of 12/31/2009; numbers may not add to total due to rounding. Credit Quality Summary by Portfolio Material differences in the performance of the national portfolios vs. the core franchise portfolios Portfolio metrics in the national wind-down portfolios becoming increasingly worse as wind-down enters final stages $ in millions

Numbers may not add to total due to rounding. 1Peer median includes Top 50 banks at 2Q09 as of 8/10/09. TCE and TA are considered non-GAAP, and a reconciliation is provided in the appendix. 2Excluding Securities Sold Repos, Trading Liabilities, and sub-debt and other collateralized borrowings of $4.0B. Liquidity and Capital Remain Strong TCE + Reserves / RWA1 Liquidity Wholesale Funding2 - P/E Balances ($B) Capital Ratios1 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 3Q09 Peer Median Tangible Common Equity 0.0623 0.0629 0.085 0.0885 0.0896 0.0884 0.0897 0.0906 0.0935 0.0809 Reserves 0.0113 0.0163 0.0199 0.0288 0.0337 0.038 0.0412 0.0461 0.042 0.0233 TCE+Res / RWA 0.0736 0.0791 0.105 0.1173 0.1234 0.1264 0.1313 0.1367 0.1355 0.1042 12.9% 13.7% 13.6% 10.4% Continued average core deposit growth Asset reductions, deposit growth offsetting debt maturities Wholesale funding in non-credit sensitive sources

Retail Wholesale Channel Mix 0.0199 0.0433 >=740 720-739 700-719 660-699 <660 FICO Score (Refreshed) 0.0108 0.0287 0.0328 0.0358 0.0506 Home Equity - Performance and Characteristics Geographic Distribution (%) Portfolio Characteristics 50% % of portfolio 13% 13% 15% 8% 86% 14% 1st Lien 2nd Lien Lien Position 0.0162 0.0259 % of portfolio 30+ Delinquency: Key Drivers 28% 72% % of portfolio FICO Score-Origination Channel Lien Position TN 0.346 CA 0.1475 VA 0.0404 WA 0.0391 MD 0.0337 GA 0.0335 FL 0.0314 AZ 0.025 NJ 0.0194 PA 0.0193 Other 0.3 Core Banking Customers TN 35% Other 30% CA 15% VA 4 WA 4 MD 3 GA 3 FL 3 AZ 3 First Second Total Balance $2.0B $4.9B $6.9B Original FICO 735 736 736 Original CLTV 70% 80% 77% Full Doc 78% 69% 72% Owner Occupied 85% 96% 93% HELOCs $0.8B $3.5B $4.3B Weighted Avg. HELOC Utilization 52% 61% 59%

Appraised Value Pre-Charge Down Balance Cumulative Charge Down Book Balance (12/31/09) East 714.8 693.6 402 402 291.6 1Approximation based on most recent appraised value, which can be impacted by changing market conditions and asset disposition. Problem Loans Written Down to Realizable Values, Reserves Largely for Performing Credits Commercial Loan Reserves Classified non-accrual commercial loans over $1mm are individually assessed for impairment Commercial loans typically charged-down to net realizable value rather than holding reserves Impaired Loans Charge-Downs1 715 694 402 42% write-down (292)

Numbers may not add due to rounding. Reconciliation to GAAP Financials Slides in this presentation use non-GAAP information of pre-tax, pre-provision earnings. That information is not presented according to generally accepted accounting principles (GAAP), and is reconciled to GAAP information below.

1Includes goodwill and other intangible assets, net of amortization. 2Current quarter is an estimate. Numbers may not add due to rounding. Reconciliation to GAAP Financials Slides in this presentation use non-GAAP information of TCE, TA, and Tier 1 Common. That information is not presented according to generally accepted accounting principles (GAAP), and is reconciled to GAAP information below.