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) - April 16, 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))

TABLE OF CONTENTS

EX-99.1

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 March 31, 2010, which are scheduled to be released April 16, 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 March 31, 2010.

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: April 16, 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 March 31, 2010.

EX-99.1

Exhibit 99.1

FIRST QUARTER 2010

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 and Expense		13
Average Balance Sheet: Yields and Rates		14
Mortgage Servicing Rights		15
Business Segment Detail
Segment Highlights		16
Regional Banking		17
Capital Markets		18
Corporate		19
Non-Strategic		20
Non-Strategic: Servicing		21
Capital Highlights		22
Asset Quality
Asset Quality: Consolidated		23
Analysis of Individually Impaired Loans and NPL and ORE Rollforwards		25
Asset Quality: Regional Banking		26
Asset Quality: Non-Strategic		27
Asset Quality Highlights: Key Portfolios — Commercial		28
Asset Quality Highlights: Key Portfolios — Consumer		29
Asset Quality Process		30
Glossary of Terms		31
Non-GAAP to GAAP Reconciliation		32

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 32 of this financial supplement.

FIRST HORIZON NATIONAL CORPORATION SEGMENT STRUCTURE

Regional Banking

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

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

-First lien mortgage originations through regional banking channels

Capital Markets

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

-Other capital markets products such as portfolio advisory, derivatives, and loan trading

Corporate

-Executive management, enterprise-wide risk management, corporate finance, corporate communications, low income housing activities, legal functions and funding for the corporation including any impact from balance sheet positioning

-Various charges related to restructuring, repositioning, and efficiency initiatives

Non-Strategic

-Wind-down businesses that include:

-National commercial and consumer lending loan portfolios

-Trust preferred loan portfolio

-Legacy mortgage servicing

-Exited businesses (such as national mortgage banking and institutional equity research) and associated restructuring, repositioning, and efficiency charges

3

PERFORMANCE HIGHLIGHTS

Summary of First Quarter 2010 Significant Items
(Millions)

Segment	Item	Income Statement	Amount			Comments
Corporate	Debt Repurchase Gains	Noninterest income: Other	$	17.1		Gain on repurchases of $96.0 million of bank debt and termination of related hedge relationships.
Non-Strategic	Foreclosure and Repurchase Provision	Noninterest expense: Mortgage banking foreclosure and repurchase provision	$	(40.7	)	Provision related to legacy origination platform from mortgage foreclosure and repurchase activity.
Non-Strategic	Restructuring, Repositioning, and Efficiency Initiatives	Discontinued operations, net of tax	$	(10.1	)	Includes $3.3 million goodwill impairment, as well as severance, asset write-offs, and contract termination fees related to exit of institutional equity research business.
Non-Strategic & Regional Banking	OREO Fair Value Adjustments and Expenses	Noninterest expense: Other	$	(10.5	)	Primarily reflects depreciation in OREO fair values and losses on sales.

(First Quarter 2010 vs. Fourth Quarter 2009)

Asset Quality

- Allowance as a percentage of loans ratio decreased to 483 basis points from 495 basis points in prior quarter

- Reflects $52.9 million net reserve decrease in current quarter

- NPAs decreased 1 percent from prior quarter; NPA ratio increased to 563 basis points from 556 basis points

- NPL decline is a result of non-strategic construction loan wind-down

- Nonperforming C&I loans and Permanent Mortgages increased

- Increase in NPA ratio due to $640 million decline in period-end loans

- Provision expense decreased to $105.0 million in first quarter 2010 compared to $135.0 million in fourth quarter 2009

- Commercial Portfolio:

- Increase in C&I reserves due to downward grade migration of the portfolio and change in mix of individually impaired loans

- Increase in individually impaired loans analyzed using discounted cash flow (typically hold reserves) versus collateral dependent (charge down to NRV)

- Continued credit deterioration in TRUPS and bank-related exposures

- Income CRE reserves down slightly compared with prior quarter

- Residential CRE reserves decreased as non-strategic portfolio winds down

- Consumer Portfolio:

- Home equity reserve balances stable compared to prior quarter

- Delinquency trends improved; sequential quarter performance metrics impacted by addition and breakout of restricted real estate loans

- Restricted real estate loans (primarily HELOC) includes $245.2 million loans consolidated in first quarter 2010 in conjunction with the adoption of amendment to ASC 810

- Also includes on-balance sheet securitizations of home equity loans (included in Consumer R/E portfolio prior to 1/1/2010)

- Added $24.6 million in reserves related to newly consolidated restricted real estate loans, offset included in cumulative effect adjustment to retained earnings

- Permanent Mortgage reserves decreased $39.9 million due to improved performance combined with elevated charge-offs

- All other consumer (including credit card and OTC) reserves decreased $38.4 million

- Continued success in wind-down of OTC portfolio and better than expected resolutions

- Net charge-offs were 413 annualized basis points of average loans, up from 400 basis points in prior quarter

- Net charge-offs were $182.4 million in first quarter 2010 compared to $182.9 million in prior quarter

- C&I, Home Equity, and Permanent Mortgage net charge-offs increased, all other portfolios were flat or decreased from prior quarter

- A majority of first quarter C&I net charge-offs are attributable to bank-related exposures

- $13.5 million one-time increase in Permanent Mortgage net charge-offs due to process change for collateral dependent loans in the foreclosure process

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)

- 7.67% for tangible common equity to tangible assets

- 16.54% for Tier 1

- 21.39% for Total Capital

- 9.91% for Tier 1 Common

- CPP Preferred dividend of $14.9 million in first 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 $9 million positive quarterly effect from permanent tax credits

4

PERFORMANCE HIGHLIGHTS (continued)

(First Quarter 2010 vs. Fourth Quarter 2009)

Regional Banking

- Net interest margin relatively flat at 4.96% from 4.95% in prior quarter

- Noninterest income decreased to $75.8 million from $81.9 million in prior quarter

- Primarily driven by seasonal first quarter decrease in NSF fees

- Provision expense increased to $52.2 million from $46.5 million

- Primarily due to an increasing mix of NPLs that utilize a discounted cash flow impairment approach

- These loans typically hold reserves versus being charged down to NRV

- Noninterest expense increased to $161.7 million from $157.6 million in prior quarter

- $2.8 million increase in personnel expense primarily due to FICA tax resets

- Foreclosure expenses increased $2.2 million primarily due to a loss on the disposition of one foreclosed property

Capital Markets

- Fixed income revenues were $105.3 million in first quarter compared to $111.0 million in prior quarter

- Average daily revenue of $1.7 million in first quarter, down slightly from $1.8 million in prior quarter

- Other product revenues were $9.3 million in first quarter compared to $7.0 million in prior quarter

- Noninterest expense increased to $84.1 million from $75.1 million in the prior quarter

- Primarily driven by the resumption of a normal rate of incentive provisioning and a seasonal increase in FICA expense

Corporate

- Noninterest income increased to $25.1 million from $9.8 million in the fourth quarter

- Current quarter includes $17.1 million of gains related to the repurchase of debt, prior quarter included $3.6 million of gains

- Noninterest expense decreased $12.6 million to $20.2 million

- Prior quarter NIOE included $14.2 million of charges related to restructuring, repositioning, and efficiency initiatives

- Professional fees declined $4.2 million from prior quarter

Non-Strategic

- Net interest income remained relatively flat at $38.9 million compared to $38.8 in the prior quarter

- Provision expense decreased $35.6 million to $52.8 million reflecting wind-down of OTC and improved performance of Permanent Mortgage portfolio

- Noninterest income declined to $34.6 million from $37.4 million in prior quarter

- Positive net hedging results declined to $10.9 million compared to $24.2 million in the prior quarter

- Approximately $3 million sequential quarter reduction in fee income was attributable to divested insurance and remittance processing businesses

- Origination income increased due to a $3.4 million linked-quarter increase in fair value adjustments to the warehouse

- Linked-quarter increase in NIOI favorably impacted by prior quarter losses on divestitures of $9.2 million

- Noninterest expense decreased to $76.7 million in first quarter from $124.8 million in prior quarter

- Provisioning for foreclosure and repurchase losses related to legacy origination platform was $40.7 million in first quarter, $59.3 million in prior quarter

- Repurchase requests were $117 million in the first quarter, increasing the ending pipeline to $304 million from $256 million at the end of prior quarter

- Charges within NIOE related to restructuring, repositioning, and efficiency initiatives declined $8.2 million to $.5 million

- Foreclosure losses (including negative fair value adjustments, loss on disposals, and property preservation costs) were down $4.8 million

- Includes cancellation of an HLTV insurance contract and reversal of $3.8 million premium expense

- Various NIOE declines primarily due to prior quarter sale and closure of the Atlanta insurance and Louisville remittance processing businesses

- Net after-tax loss from discontinued operations was $7.3 million first quarter compared to a $1.7 million loss prior quarter

- Current quarter includes $3.3 million additional goodwill impairment, severance, and other related costs to exit the institutional equity research business

5

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

(Thousands, rounded)	1Q10			4Q09			3Q09			2Q09			1Q09
By Income Statement Impact
Noninterest income
Mortgage banking	$	—		$	600		$	—		$	—		$	(1,100	)
Losses on divestitures		—			(9,200	)		—			—			—
Noninterest expense
Employee compensation, incentives, and benefits		600			1,400			700			700			2,700
Legal and professional fees		100			600			—			—			100
Occupancy		100			1,700			800			(600	)		—
Goodwill impairment		—			2,300			—			—			—
All other expense		200			16,300			—			200			800
Total loss before income taxes		(1,000	)		(30,900	)		(1,500	)		(300	)		(4,700	)
Loss from discontinued operations, net of tax (a)		(10,100	)		(300	)		(14,200	)		—			—
Net charges resulting from restructuring, repositioning, and efficiency initiatives	$	(11,100	)	$	(31,200	)	$	(15,700	)	$	(300	)	$	(4,700	)

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

(a) 1Q10 primarily includes goodwill impairment, severance, and other charges related to the exit of the institutional equity research business.

6

CONSOLIDATED SUMMARY RESULTS
Quarterly, Unaudited

																1Q10 Change vs.
(Dollars in thousands)	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Income Statement Highlights
Net interest income	$	180,395		$	189,894		$	190,901		$	199,086		$	196,587			(5	)%		(8	)%
Noninterest income		250,169			247,095			303,753			284,513			399,348			1	%		(37	)%
Securities gains/(losses), net		(1,906	)		(911	)		65			(330	)		(2	)	NM			NM
Total revenue		428,658			436,078			494,719			483,269			595,933			(2	)%		(28	)%
Noninterest expense		342,673			390,343			349,901			402,486			407,803			(12	)%		(16	)%
Provision for loan losses		105,000			135,000			185,000			260,000			300,000			(22	)%		(65	)%
Loss before income taxes		(19,015	)		(89,265	)		(40,182	)		(179,217	)		(111,870	)		79	%		83	%
Benefit for income taxes		(16,393	)		(38,111	)		(15,368	)		(74,043	)		(47,423	)		57	%		65	%
Loss from continuing operations		(2,622	)		(51,154	)		(24,814	)		(105,174	)		(64,447	)		95	%		96	%
Loss from discontinued operations, net of tax		(7,271	)		(1,690	)		(10,200	)		(308	)		(648	)	NM			NM
Net loss		(9,893	)		(52,844	)		(35,014	)		(105,482	)		(65,095	)		81	%		85	%
Net income attributable to noncontrolling interest		2,844			2,839			2,969			2,844			2,750			*			3	%
Net loss attributable to controlling interest		(12,737	)		(55,683	)		(37,983	)		(108,326	)		(67,845	)		77	%		81	%
Preferred stock dividends (a)		14,918			14,897			14,876			14,856			14,956			*			*
Net loss available to common shareholders	$	(27,655	)	$	(70,580	)	$	(52,859	)	$	(123,182	)	$	(82,801	)		61	%		67	%
Common Stock Data
Diluted EPS from continuing operations (b)	$	(0.09	)	$	(0.31	)	$	(0.19	)	$	(0.55	)	$	(0.37	)		70	%		75	%
Diluted EPS (b)		(0.12	)		(0.32	)		(0.24	)		(0.55	)		(0.37	)		61	%		67	%
Diluted shares (b)		223,658			223,648			223,648			223,593			223,594			*			*
Period-end shares outstanding (b)		225,677			225,212			225,159			225,134			224,848			*			*
Stock dividend rate declared per share		1.4561	%		1.4971	%		1.5901	%		1.5782	%		2.6673	%
Balance Sheet Highlights (Period End)
Total loans, net of unearned income (Restricted — $.9 billion) (c)	$	17,484,224		$	18,123,884		$	18,524,685		$	19,585,827		$	20,572,477			(4	)%		(15	)%
Total deposits (Restricted — $1.5 million) (c)		15,069,700			14,867,215			14,234,983			14,977,461			14,910,055			1	%		1	%
Total assets (Restricted — $.8 billion) (c)		25,923,576			26,068,678			26,465,852			28,758,943			31,208,024			(1	)%		(17	)%
Total liabilities (Restricted — $.9 billion) (c)		22,652,634			22,766,210			23,095,643			25,364,961			27,700,348			*			(18	)%
Total equity		3,270,942			3,302,468			3,370,209			3,393,982			3,507,676			(1	)%		(7	)%
Asset Quality Highlights
Allowance for loan losses (Restricted — $59.8 million) (c)	$	844,060		$	896,914		$	944,765		$	961,482		$	940,932			(6	)%		(10	)%
Allowance / period-end loans		4.83	%		4.95	%		5.10	%		4.91	%		4.57	%
Net charge-offs	$	182,432		$	182,851		$	201,718		$	239,449		$	208,278			*			(12	)%
Net charge-offs (annualized) / average loans		4.13	%		4.00	%		4.24	%		4.77	%		3.97	%
Non-performing assets (NPA)	$	1,041,214		$	1,051,393		$	1,220,489		$	1,233,077		$	1,252,153			(1	)%		(17	)%
NPA % (d)		5.63	%		5.56	%		6.38	%		6.15	%		5.98	%
Key Ratios and Other
Return on average assets (annualized)		(0.16	)%		(0.79	)%		(0.52	)%		(1.46	)%		(0.87	)%
Return on average common equity (annualized)		(5.10	)%		(12.25	)%		(9.02	)%		(20.96	)%		(13.44	)%
Net interest margin		3.19	%		3.19	%		3.14	%		3.05	%		2.89	%
Fee income to total revenue		58	%		57	%		61	%		59	%		67	%
Efficiency ratio		79.94	%		89.51	%		70.73	%		83.28	%		68.43	%
Book value per common share	$	9.63		$	9.81		$	10.13		$	10.25		$	10.79
Tangible book value per common share (e)	$	8.75		$	8.90		$	9.15		$	9.21		$	9.74
Adjusted tangible common equity to risk weighted assets (e)		9.07	%		9.06	%		9.06	%		8.71	%		8.61	%
FTE employees		5,503			5,731			5,837			5,971			6,033			(4	)%		(9	)%

NM — Not meaningful

*  Amount is less than one percent.

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

(a)  1Q10 includes $4.1 million amortization of initial discounted book value of CPP preferred.

(b)  Shares restated for stock dividends distributed through April 1, 2010.

(c)  See Glossary of Terms for definition of restricted balances.

(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 32 of this financial supplement.

7

CONSOLIDATED INCOME STATEMENT
Quarterly, Unaudited

																1Q10 Change vs.
(Thousands)	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Interest income	$	219,496		$	230,991		$	236,360		$	255,495		$	270,093			(5	)%		(19	)%
Less interest expense		39,101			41,097			45,459			56,409			73,506			(5	)%		(47	)%
Net interest income		180,395			189,894			190,901			199,086			196,587			(5	)%		(8	)%
Provision for loan losses		105,000			135,000			185,000			260,000			300,000			(22	)%		(65	)%
Net interest income/(loss) after provision for loan losses		75,395			54,894			5,901			(60,914	)		(103,413	)		37	%		173	%
Noninterest income:
Capital markets		114,571			117,966			129,043			179,384			205,700			(3	)%		(44	)%
Deposit transactions and cash management		35,767			41,176			41,738			41,815			39,032			(13	)%		(8	)%
Mortgage banking		34,884			45,007			59,211			15,483			115,749			(22	)%		(70	)%
Trust services and investment management		7,270			7,664			7,347			7,651			6,820			(5	)%		7	%
Brokerage management fees and commissions		6,339			6,518			7,315			6,469			6,632			(3	)%		(4	)%
Insurance commissions		5,183			5,868			5,907			6,555			6,918			(12	)%		(25	)%
Securities gains/(losses), net		(1,906	)		(911	)		65			(330	)		(2	)	NM			NM
Losses on divestitures		—			(9,183	)		—			—			—		NM			NM
Other (a)		46,155			32,079			53,192			27,156			18,497			44	%		150	%
Total noninterest income		248,263			246,184			303,818			284,183			399,346			1	%		(38	)%
Adjusted gross income after provision for loan losses		323,658			301,078			309,719			223,269			295,933			7	%		9	%
Noninterest expense:
Employee compensation, incentives and benefits		180,181			163,280			178,734			193,392			242,175			10	%		(26	)%
Mortgage banking foreclosure and repurchase provision		40,675			59,344			25,751			29,099			12,267			(31	)%	NM
Occupancy		14,817			17,937			16,207			15,536			15,722			(17	)%		(6	)%
Operations services		14,608			15,046			15,392			16,708			15,339			(3	)%		(5	)%
Legal and professional fees		13,974			20,433			17,077			14,742			13,869			(32	)%		1	%
Foreclosed real estate		10,470			13,144			21,221			21,798			10,033			(20	)%		4	%
Deposit insurance premium		8,493			8,495			8,796			21,353			7,628			*			11	%
Computer software		7,166			6,655			6,871			6,474			6,883			8	%		4	%
Communications and courier		6,255			6,272			6,837			6,931			6,920			*			(10	)%
Contract employment		6,174			9,134			7,956			8,966			10,161			(32	)%		(39	)%
Equipment rentals, depreciation and maintenance		6,032			8,744			8,695			8,238			8,628			(31	)%		(30	)%
Miscellaneous loan costs		4,112			5,994			4,503			7,414			5,139			(31	)%		(20	)%
Amortization of intangible assets		1,380			1,427			1,445			1,509			1,636			(3	)%		(16	)%
Goodwill impairment		—			2,294			—			—			—		NM			NM
Other		28,336			52,144			30,416			50,326			51,403			(46	)%		(45	)%
Total noninterest expense		342,673			390,343			349,901			402,486			407,803			(12	)%		(16	)%
Loss before income taxes		(19,015	)		(89,265	)		(40,182	)		(179,217	)		(111,870	)		79	%		83	%
Benefit for income taxes		(16,393	)		(38,111	)		(15,368	)		(74,043	)		(47,423	)		57	%		65	%
Loss from continuing operations	$	(2,622	)	$	(51,154	)	$	(24,814	)	$	(105,174	)	$	(64,447	)		95	%		96	%
Loss from discontinued operations, net of tax (b)		(7,271	)		(1,690	)		(10,200	)		(308	)		(648	)	NM			NM
Net loss	$	(9,893	)	$	(52,844	)	$	(35,014	)	$	(105,482	)	$	(65,095	)		81	%		85	%
Net income attributable to noncontrolling interest		2,844			2,839			2,969			2,844			2,750			*			3	%
Net loss attributable to controlling interest	$	(12,737	)	$	(55,683	)	$	(37,983	)	$	(108,326	)	$	(67,845	)		77	%		81	%
Preferred stock dividends (c)		14,918			14,897			14,876			14,856			14,956			*			*
Net loss available to common shareholders	$	(27,655	)	$	(70,580	)	$	(52,859	)	$	(123,182	)	$	(82,801	)		61	%		67	%

NM — Not meaningful

* Amount is less than one percent.

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

1Q10 Key Impacts

(a)	Includes $17.1 million gain on repurchase of debt.
(b)	Includes $10.1 million pre-tax charges related to restructuring, repositioning & efficiency initiatives.
(c)	Includes $4.1 million amortization of initial discounted book value of CPP preferred.

8

OTHER INCOME AND OTHER EXPENSE
Quarterly, Unaudited

															1Q10 Change vs.
(Thousands)	1Q10			4Q09			3Q09		2Q09			1Q09			4Q09			1Q09
Other Income
Gains on repurchase of debt	$	17,060		$	3,552		$	12,800		—		$	60		NM			NM
Bank owned life insurance		6,469			5,252			6,066		4,295			4,131			23	%		57	%
Bankcard income		4,548			5,016			5,173		5,076			4,896			(9	)%		(7	)%
ATM interchange fees		3,657			3,697			2,704		2,729			2,205			(1	)%		66	%
Other service charges		2,383			2,451			2,645		3,030			3,521			(3	)%		(32	)%
Electronic banking fees		1,725			1,428			1,465		1,518			1,609			21	%		7	%
Letter of credit fees		1,639			1,785			1,476		1,368			1,360			(8	)%		21	%
Deferred compensation		1,030			466			5,006		4,957			(2,743	)		121	%		NM
Reinsurance fees		863			1,786			1,760		2,788			2,796			(52	)%		(69	)%
Remittance processing		621			2,280			2,968		3,374			3,143			(73	)%		(80	)%
Gains/(losses) from loan sales and securitizations		612			(1,131	)		2,155		552			969			154	%		(37	)%
Consumer loan repurchases		(12	)		(158	)		1,760		(11,982	)		(9,950	)		92	%		NM
Other		5,560			5,655			7,214		9,451			6,500			(2	)%		(14	)%
Total	$	46,155		$	32,079		$	53,192	$	27,156		$	18,497			44	%		150	%
Other Expense
Low income housing expense	$	5,466		$	5,533		$	5,833	$	5,509		$	5,125			(1	)%		7	%
Advertising and public relations		5,279			5,567			5,465		5,229			5,813			(5	)%		(9	)%
Other insurance and taxes		3,257			3,326			2,924		3,239			2,899			(2	)%		12	%
Travel and entertainment		2,449			2,383			2,139		2,691			2,334			3	%		5	%
Customer relations		1,967			1,961			1,610		1,960			2,288			*			(14	)%
Employee training and dues		1,487			1,083			1,282		1,537			1,425			37	%		4	%
Supplies		1,168			1,309			1,570		1,512			270			(11	)%	NM
Bank examination costs		1,142			1,194			1,194		1,248			1,248			(4	)%		(8	)%
Fed services fees		907			1,044			1,307		1,360			1,367			(13	)%		(34	)%
Loan insurance expense (a)		(2,874	)		1,854			1,988		2,057			1,912		NM			NM
Other		8,088			26,890			5,104		23,984			26,722			(70	)%		(70	)%
Total	$	28,336		$	52,144		$	30,416	$	50,326		$	51,403			(46	)%		(45	)%

NM — Not meaningful

* Amount is less than one percent.

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

(a) 1Q10 includes cancellation of an HLTV insurance contract and return of $3.8 million of premiums.

9

CONSOLIDATED PERIOD-END BALANCE SHEET
Quarterly, Unaudited

																1Q10 Change vs.
(Thousands)	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Assets
Investment securities	$	2,697,719		$	2,694,468		$	2,645,922		$	2,821,079		$	3,016,013			*			(11	)%
Loans held for sale		505,794			452,501			502,687			481,284			643,518			12	%		(21	)%
Loans, net of unearned income (Restricted — $.9 billion) (a)		17,484,224			18,123,884			18,524,685			19,585,827			20,572,477			(4	)%		(15	)%
Federal funds sold and securities purchased under agreements to resell		523,237			452,883			622,733			531,638			515,858			16	%		1	%
Interest bearing cash (b)		383,571			539,300			166,352			672,553			1,174,442			(29	)%		(67	)%
Trading securities		964,800			699,900			701,151			1,117,212			933,316			38	%		3	%
Total earning assets		22,559,345			22,962,936			23,163,530			25,209,593			26,855,624			(2	)%		(16	)%
Cash and due from banks (Restricted — $.1 million) (a)		279,730			465,712			328,150			419,696			438,181			(40	)%		(36	)%
Capital markets receivables		743,514			334,404			797,949			959,514			1,502,033			122	%		(50	)%
Mortgage servicing rights, net		264,959			302,611			289,282			337,096			381,024			(12	)%		(30	)%
Goodwill		162,180			165,528			178,381			192,408			192,408			(2	)%		(16	)%
Other intangible assets, net		37,027			38,256			40,498			41,937			43,446			(3	)%		(15	)%
Premises and equipment, net		308,714			313,824			321,788			325,666			330,299			(2	)%		(7	)%
Real estate acquired by foreclosure (c)		122,060			125,190			111,389			116,584			132,653			(3	)%		(8	)%
Allowance for loan losses (Restricted — $59.8 million) (a)		(844,060	)		(896,914	)		(944,765	)		(961,482	)		(940,932	)		6	%		10	%
Other assets (Restricted — $26.9 million) (a)		2,290,107			2,257,131			2,179,650			2,117,931			2,273,288			1	%		1	%
Total assets (Restricted — $.8 billion) (a)	$	25,923,576		$	26,068,678		$	26,465,852		$	28,758,943		$	31,208,024			(1	)%		(17	)%
Liabilities and Equity
Deposits
Savings	$	5,174,901		$	4,847,709		$	4,416,121		$	4,593,215		$	4,396,213			7	%		18	%
Other interest-bearing deposits		3,256,040			3,169,474			2,162,059			2,110,787			1,868,902			3	%		74	%
Time deposits		1,642,820			1,895,992			2,156,768			2,149,812			2,152,837			(13	)%		(24	)%
Total interest-bearing core deposits		10,073,761			9,913,175			8,734,948			8,853,814			8,417,952			2	%		20	%
Noninterest-bearing deposits (Restricted — $1.5 million) (a)		4,461,050			4,394,096			4,236,704			4,689,639			4,908,175			2	%		(9	)%
Total core deposits (d)		14,534,811			14,307,271			12,971,652			13,543,453			13,326,127			2	%		9	%
Certificates of deposit $100,000 and more		534,889			559,944			1,263,331			1,434,008			1,583,928			(4	)%		(66	)%
Total deposits (Restricted — $1.5 million) (a)		15,069,700			14,867,215			14,234,983			14,977,461			14,910,055			1	%		1	%
Federal funds purchased and securities sold under agreements to repurchase		2,635,423			2,874,353			2,267,644			2,404,985			2,264,077			(8	)%		16	%
Trading liabilities		357,919			293,387			415,293			286,282			288,029			22	%		24	%
Other short-term borrowings and commercial paper		167,508			761,758			1,739,202			2,555,704			3,827,278			(78	)%		(96	)%
Term borrowings (Restricted — $.9 billion) (a)		2,932,524			2,190,544			2,368,381			2,511,674			3,353,464			34	%		(13	)%
Other collateralized borrowings (e)		—			700,589			711,087			723,677			736,172		NM			NM
Total long-term debt		2,932,524			2,891,133			3,079,468			3,235,351			4,089,636			1	%		(28	)%
Capital markets payables		740,852			292,975			542,829			965,442			1,383,447			153	%		(46	)%
Other liabilities (Restricted — $.1 million) (a)		748,708			785,389			816,224			939,736			937,826			(5	)%		(20	)%
Total liabilities (Restricted — $.9 billion) (a)		22,652,634			22,766,210			23,095,643			25,364,961			27,700,348			*			(18	)%
Equity
Common stock		141,048			138,738			136,659			134,505			132,247			2	%		7	%
Capital surplus		1,251,776			1,208,649			1,170,916			1,128,286			1,087,252			4	%		15	%
Capital surplus common stock warrant — (CPP)		83,860			83,860			83,860			83,860			83,860			*			*
Undivided profits		809,624			891,580			1,005,244			1,100,462			1,265,073			(9	)%		(36	)%
Accumulated other comprehensive loss, net		(113,291	)		(114,209	)		(116,265	)		(138,892	)		(142,503	)		1	%		20	%
Preferred stock capital surplus — (CPP)		802,760			798,685			794,630			790,596			786,582			1	%		2	%
Noncontrolling interest		295,165			295,165			295,165			295,165			295,165			*			*
Total equity		3,270,942			3,302,468			3,370,209			3,393,982			3,507,676			(1	)%		(7	)%
Total liabilities and equity	$	25,923,576		$	26,068,678		$	26,465,852		$	28,758,943		$	31,208,024			(1	)%		(17	)%

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

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

(a)	See Glossary of Terms for definition of restricted balances.
(b)	Includes excess balances held at Fed.
(c)	1Q10 includes $9.1 million of foreclosed assets related to government insured mortgages.
(d)	1Q10 average core deposits were $14.2 billion.
(e)	As of January 1, 2010, balances included in restricted term borrowings in conjunction with adoption of amendments to ASC 810.

10

CONSOLIDATED AVERAGE AND PERIOD-END LOANS
Quarterly, Unaudited

											1Q10 Change vs.
(Thousands)	1Q10		4Q09		3Q09		2Q09		1Q09		4Q09			1Q09
Average Loans (Net)
Commercial
Commercial, financial and industrial (a)	$	6,733,461	$	6,950,869	$	7,116,039	$	7,506,773	$	7,781,708		(3	)%		(13	)%
Real estate commercial (b)		1,457,865		1,515,861		1,535,943		1,542,081		1,492,906		(4	)%		(2	)%
Real estate construction (c)		857,426		1,066,399		1,245,618		1,455,626		1,689,863		(20	)%		(49	)%
Total commercial loans		9,048,752		9,533,129		9,897,600		10,504,480		10,964,477		(5	)%		(17	)%
Retail
Real estate residential (d)		7,259,916		7,469,502		7,674,360		7,907,748		8,095,128		(3	)%		(10	)%
Real estate construction (e)		166,806		287,856		460,742		672,011		880,537		(42	)%		(81	)%
Other retail		118,569		123,628		127,483		131,271		135,537		(4	)%		(13	)%
Credit card receivables		185,768		189,586		186,765		184,159		184,244		(2	)%		1	%
Restricted real estate loans (f)		890,376		663,497		676,339		693,643		709,144		34	%		26	%
Total retail loans		8,621,435		8,734,069		9,125,689		9,588,832		10,004,590		(1	)%		(14	)%
Total loans, net of unearned income	$	17,670,187	$	18,267,198	$	19,023,289	$	20,093,312	$	20,969,067		(3	)%		(16	)%
Period-End Loans (Net)
Commercial
Commercial, financial and industrial (a)	$	6,865,577	$	7,159,370	$	6,920,916	$	7,400,396	$	7,716,733		(4	)%		(11	)%
Real estate commercial (b)		1,430,801		1,479,888		1,537,099		1,506,911		1,501,964		(3	)%		(5	)%
Real estate construction (c)		761,900		924,475		1,130,710		1,337,330		1,550,158		(18	)%		(51	)%
Total commercial loans		9,058,278		9,563,733		9,588,725		10,244,637		10,768,855		(5	)%		(16	)%
Retail
Real estate residential (d)		7,152,059		7,362,458		7,590,699		7,785,906		8,016,018		(3	)%		(11	)%
Real estate construction (e)		105,375		229,487		361,930		557,822		772,982		(54	)%		(86	)%
Other retail		114,429		121,526		124,376		129,848		132,452		(6	)%		(14	)%
Credit card receivables		183,656		192,036		189,452		186,376		180,282		(4	)%		2	%
Restricted real estate loans (f)		870,427		654,644		669,503		681,238		701,888		33	%		24	%
Total retail loans		8,425,946		8,560,151		8,935,960		9,341,190		9,803,622		(2	)%		(14	)%
Total loans, net of unearned income	$	17,484,224	$	18,123,884	$	18,524,685	$	19,585,827	$	20,572,477		(4	)%		(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)	Prior to 1Q10, includes on balance sheet securitizations of home equity loans. Beginning 1Q10, also includes $245.2 million loans consolidated due to the adoption of amendments to ASC 810.

11

CONSOLIDATED AVERAGE BALANCE SHEET
Quarterly, Unaudited

																1Q10 Change vs.
(Thousands)	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Assets:
Earning assets:
Loans, net of unearned income (Restricted — $.9 billion) (a) (b)	$	17,670,187		$	18,267,198		$	19,023,289		$	20,093,312		$	20,969,067			(3	)%		(16	)%
Loans held for sale		490,626			469,803			470,583			622,799			626,679			4	%		(22	)%
Investment securities:
U.S. Treasuries		74,501			54,836			48,382			48,676			48,593			36	%		53	%
U.S. government agencies		2,282,005			2,253,498			2,330,247			2,522,800			2,685,774			1	%		(15	)%
States and municipalities		43,194			44,499			46,105			53,965			63,425			(3	)%		(32	)%
Other		283,476			299,273			313,632			308,690			292,151			(5	)%		(3	)%
Total investment securities		2,683,176			2,652,106			2,738,366			2,934,131			3,089,943			1	%		(13	)%
Capital markets securities inventory		880,448			959,678			857,382			965,581			1,117,165			(8	)%		(21	)%
Mortgage banking trading securities		57,105			93,354			123,698			139,584			171,978			(39	)%		(67	)%
Other earning assets:
Federal funds sold and securities purchased under agreements to resell		620,832			681,501			561,920			652,978			806,704			(9	)%		(23	)%
Interest bearing cash (c)		481,259			618,011			418,549			766,842			656,841			(22	)%		(27	)%
Total other earning assets		1,102,091			1,299,512			980,469			1,419,820			1,463,545			(15	)%		(25	)%
Total earning assets		22,883,633			23,741,651			24,193,787			26,175,227			27,438,377			(4	)%		(17	)%
Allowance for loan losses (Restricted — $61.5 million) (b)		(906,970	)		(937,967	)		(985,785	)		(1,008,254	)		(889,630	)		3	%		(2	)%
Cash and due from banks (Restricted — $.9 million) (b)		415,990			400,763			418,382			446,322			482,260			4	%		(14	)%
Capital markets receivables		125,459			127,458			170,915			245,646			269,417			(2	)%		(53	)%
Premises and equipment, net		311,822			318,237			324,162			326,482			332,241			(2	)%		(6	)%
Other assets (Restricted — $19.5 million) (b)		2,729,474			2,755,425			2,726,368			2,744,120			2,834,546			(1	)%		(4	)%
Total assets (Restricted — $.8 billion) (b)	$	25,559,408		$	26,405,567		$	26,847,829		$	28,929,543		$	30,467,211			(3	)%		(16	)%
Liabilities and equity:
Interest-bearing liabilities:
Interest-bearing deposits:
Other interest-bearing deposits	$	3,105,164		$	2,407,544		$	2,073,658		$	1,842,780		$	1,792,241			29	%		73	%
Savings		4,881,791			4,559,086			4,583,064			4,259,822			4,629,345			7	%		5	%
Time deposits		1,853,591			2,153,346			2,157,904			2,125,493			2,216,411			(14	)%		(16	)%
Total interest-bearing core deposits		9,840,546			9,119,976			8,814,626			8,228,095			8,637,997			8	%		14	%
Certificates of deposit $100,000 and more		532,532			1,068,807			1,384,475			1,520,681			1,507,482			(50	)%		(65	)%
Federal funds purchased and securities sold under agreements to repurchase		2,800,856			2,679,348			2,484,470			2,510,423			2,266,424			5	%		24	%
Capital markets trading liabilities		589,886			598,772			478,103			492,706			575,446			(1	)%		3	%
Other short-term borrowings and commercial paper		337,966			1,235,576			1,842,458			3,403,174			4,212,480			(73	)%		(92	)%
Long-term debt:
Term borrowings (Restricted — $.9 billion) (b)		2,969,859			2,274,954			2,386,129			2,952,438			3,534,657			31	%		(16	)%
Other collateralized borrowings (d)		—			707,245			716,843			731,324			742,491		NM			NM
Total long-term debt		2,969,859			2,982,199			3,102,972			3,683,762			4,277,148			*			(31	)%
Total interest-bearing liabilities		17,071,645			17,684,678			18,107,104			19,838,841			21,476,977			(3	)%		(21	)%
Noninterest-bearing deposits (Restricted — $1.3 million) (b)		4,375,034			4,489,902			4,444,556			4,616,789			4,388,807			(3	)%		*
Capital markets payables		90,015			89,015			98,099			175,848			198,358			1	%		(55	)%
Other liabilities (Restricted — NM) (b)		727,433			764,170			785,674			856,678			823,929			(5	)%		(12	)%
Equity		3,295,281			3,377,802			3,412,396			3,441,387			3,579,140			(2	)%		(8	)%
Total liabilities and equity	$	25,559,408		$	26,405,567		$	26,847,829		$	28,929,543		$	30,467,211			(3	)%		(16	)%

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)	See Glossary of Terms for definition of restricted balances.
(c)	Includes excess balances held at Fed.
(d)	As of January 1, 2010, balances included in restricted term borrowings in conjunction with adoption of amendments to ASC 810.

12

CONSOLIDATED AVERAGE BALANCE SHEET: INCOME AND EXPENSE
Quarterly, Unaudited

																1Q10 Change vs.
(Thousands)	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Assets:
Earning assets:
Loans, net of unearned income (a)	$	173,663		$	181,672		$	185,045		$	197,779		$	205,825			(4	)%		(16	)%
Loans held for sale		4,968			5,682			5,820			6,577			7,732			(13	)%		(36	)%
Investment securities:
U.S. Treasuries		168			240			238			229			223			(30	)%		(25	)%
U.S. government agencies		28,470			28,996			30,553			33,567			37,331			(2	)%		(24	)%
States and municipalities		123			174			154			390			371			(29	)%		(67	)%
Other		2,430			2,436			2,603			2,363			2,258			*			8	%
Total investment securities		31,191			31,846			33,548			36,549			40,183			(2	)%		(22	)%
Capital markets securities inventory		8,258			9,172			7,972			9,588			10,198			(10	)%		(19	)%
Mortgage banking trading securities		1,535			2,571			3,852			4,525			5,500			(40	)%		(72	)%
Other earning assets:
Federal funds sold and securities purchased under agreements to resell		57			92			119			242			505			(38	)%		(89	)%
Interest bearing cash		260			351			236			461			360			(26	)%		(28	)%
Total other earning assets		317			443			355			703			865			(28	)%		(63	)%
Total earning assets/interest income	$	219,932		$	231,386		$	236,592		$	255,721		$	270,303			(5	)%		(19	)%
Liabilities:
Interest-bearing liabilities:
Interest-bearing deposits:
Other interest-bearing deposits	$	2,518		$	1,732		$	1,316		$	896		$	1,068			45	%		136	%
Savings		7,418			7,065			7,553			8,864			15,404			5	%		(52	)%
Time deposits		10,593			12,363			13,980			16,270			18,243			(14	)%		(42	)%
Total interest-bearing core deposits		20,529			21,160			22,849			26,030			34,715			(3	)%		(41	)%
Certificates of deposit $100,000 and more		3,375			4,473			5,809			7,967			9,459			(25	)%		(64	)%
Federal funds purchased and securities sold under agreements to repurchase		1,584			1,493			1,287			1,295			1,169			6	%		36	%
Capital markets trading liabilities		5,415			5,445			4,691			5,265			5,468			(1	)%		(1	)%
Other short-term borrowings and commercial paper		338			1,016			1,362			2,241			3,094			(67	)%		(89	)%
Long-term debt:
Term borrowings		7,860			6,554			8,396			12,235			18,085			20	%		(57	)%
Other collateralized borrowings (b)		—			957			1,065			1,377			1,515		NM			NM
Total long-term debt		7,860			7,511			9,461			13,612			19,600			5	%		(60	)%
Total interest-bearing liabilities/interest expense	$	39,101		$	41,098		$	45,459		$	56,410		$	73,505			(5	)%		(47	)%
Net interest income-tax equivalent basis	$	180,831		$	190,288		$	191,133		$	199,311		$	196,798			(5	)%		(8	)%
Fully taxable equivalent adjustment		(436	)		(394	)		(232	)		(225	)		(211	)		11	%		107	%
Net interest income	$	180,395		$	189,894		$	190,901		$	199,086		$	196,587			(5	)%		(8	)%

* 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.
(b)	As of January 1, 2010, balances included in restricted term borrowings in conjunction with adoption of amendments to ASC 810.

13

CONSOLIDATED AVERAGE BALANCE SHEET: YIELDS AND RATES
Quarterly, Unaudited

(Thousands)	1Q10			4Q09			3Q09			2Q09			1Q09
Assets:
Earning assets:
Loans, net of unearned income (a)		3.98	%		3.95	%		3.86	%		3.95	%		3.97	%
Loans held for sale		4.05			4.84			4.95			4.22			4.94
Investment securities:
U.S. Treasuries		0.91			1.74			1.95			1.89			1.86
U.S. government agencies		4.99			5.15			5.24			5.32			5.56
States and municipalities		1.14			1.57			1.34			2.89			2.34
Other		3.43			3.26			3.32			3.06			3.09
Total investment securities		4.65			4.80			4.90			4.98			5.20
Capital markets securities inventory		3.75			3.82			3.72			3.97			3.65
Mortgage banking trading securities		10.75			11.02			12.46			12.97			12.79
Other earning assets:
Federal funds sold and securities purchased under agreements to resell		0.04			0.05			0.08			0.15			0.25
Interest bearing cash		0.22			0.22			0.22			0.24			0.22
Total other earning assets		0.12			0.14			0.14			0.20			0.24
Total earning assets / interest income		3.88	%		3.88	%		3.89	%		3.91	%		3.98	%
Liabilities:
Interest-bearing liabilities:
Interest-bearing deposits:
Other interest-bearing deposits		0.33	%		0.29	%		0.25	%		0.20	%		0.24	%
Savings		0.62			0.61			0.65			0.83			1.35
Time deposits		2.32			2.28			2.57			3.07			3.34
Total interest-bearing core deposits		0.85			0.92			1.03			1.27			1.63
Certificates of deposit $100,000 and more		2.57			1.66			1.66			2.10			2.54
Federal funds purchased and securities sold under agreements to repurchase		0.23			0.22			0.21			0.21			0.21
Capital markets trading liabilities		3.72			3.61			3.89			4.29			3.85
Other short-term borrowings and commercial paper		0.41			0.33			0.29			0.26			0.30
Long-term debt:
Term borrowings		1.06			1.15			1.41			1.66			2.05
Other collateralized borrowings (b)		—			0.54			0.59			0.75			0.82
Total long-term debt		1.06			1.01			1.22			1.48			1.83
Total interest-bearing liabilities / interest expense		0.93	%		0.92	%		1.00	%		1.14	%		1.38	%
Net interest spread		2.95	%		2.96	%		2.89	%		2.77	%		2.60	%
Effect of interest-free sources used to fund earning assets		0.24			0.23			0.25			0.28			0.29
Net interest margin		3.19	%		3.19	%		3.14	%		3.05	%		2.89	%

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.
(b)	As of January 1, 2010, balances included in restricted term borrowings in conjunction with adoption of amendments to ASC 810.

14

MORTGAGE SERVICING RIGHTS
Quarterly, Unaudited

																1Q10 Change vs.
(Thousands)	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
First Liens
Fair value beginning balance	$	296,115		$	281,045		$	318,937		$	361,343		$	354,394			5	%		(16	)%
Adjustment due to adoption of amendments to ASC 810 (a)		(197	)		—			—			—			—
Addition of mortgage servicing rights		—			—			—			—			189
Reductions due to loan payments		(8,793	)		(10,198	)		(12,265	)		(18,513	)		(17,480	)
Reductions due to sale		—			—			—			(77,591	)		—
Reclassification from trading securities		—			—			11,077			—			—
Changes in fair value due to:
Changes in valuation model inputs or assumptions (b)		(26,968	)		25,323			(36,724	)		52,590			26,740
Other changes in fair value		926			(55	)		20			1,108			(2,500	)
Fair value ending balance	$	261,083		$	296,115		$	281,045		$	318,937		$	361,343			(12	)%		(28	)%
Second Liens
Fair value beginning balance	$	1,174		$	1,850		$	10,007		$	11,029		$	13,558			(37	)%		(91	)%
Adjustment due to adoption of amendments to ASC 810 (a)		(928	)		—			—			—			—
Reductions due to loan payments		(7	)		(676	)		(441	)		(1,136	)		(2,524	)
Reductions due to sale		—			—			(8,134	)		—			—
Changes in fair value due to:
Changes in valuation model inputs or assumptions (b)		3			—			—			6			(5	)
Other changes in fair value		—			—			418			108			—
Fair value ending balance	$	242		$	1,174		$	1,850		$	10,007		$	11,029			(79	)%		(98	)%
HELOC
Fair value beginning balance	$	5,322		$	6,387		$	8,152		$	8,652		$	8,892			(17	)%		(40	)%
Adjustment due to adoption of amendments to ASC 810 (a)		(1,168	)		—			—			—			—
Addition of mortgage servicing rights		—			—			—			—			11
Reductions due to loan payments		(521	)		(1,113	)		(510	)		(776	)		(419	)
Reductions due to sale		—			—			(1,548	)		—			—
Changes in fair value due to:
Other changes in fair value		1			48			293			276			168
Fair value ending balance	$	3,634		$	5,322		$	6,387		$	8,152		$	8,652			(32	)%		(58	)%
Total Consolidated
Fair value beginning balance	$	302,611		$	289,282		$	337,096		$	381,024		$	376,844			5	%		(20	)%
Adjustment due to adoption of amendments to ASC 810 (a)		(2,293	)		—			—			—			—
Addition of mortgage servicing rights		—			—			—			—			200
Reductions due to loan payments		(9,321	)		(11,987	)		(13,216	)		(20,425	)		(20,423	)
Reductions due to sale		—			—			(9,682	)		(77,591	)		—
Reclassification from trading securities		—			—			11,077			—			—
Changes in fair value due to:
Changes in valuation model inputs or assumptions (b)		(26,968	)		25,323			(36,724	)		52,596			26,735
Other changes in fair value		930			(7	)		731			1,492			(2,332	)
Fair value ending balance	$	264,959		$	302,611		$	289,282		$	337,096		$	381,024			(12	)%		(30	)%

Certain previously reported amounts have been reclassified to agree with current presentation.
(a)	See Glossary of Terms for definition of ASC 810 adjustment.
(b)	Principally reflects changes in discount rates and prepayment speed assumptions, mostly due to changes in interest rates.

15

BUSINESS SEGMENT HIGHLIGHTS
Quarterly, Unaudited

																1Q10 Change vs.
(Thousands)	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Regional Banking
Total revenues (a)	$	209,070		$	221,970		$	220,535		$	228,622		$	217,662			(6	)%		(4	)%
Provision for loan losses		52,166			46,524			96,449			56,201			107,242			12	%		(51	)%
Noninterest expenses		161,702			157,575			172,298			177,870			171,088			3	%		(5	)%
Income/(loss) before income taxes		(4,798	)		17,871			(48,212	)		(5,449	)		(60,668	)		NM			92	%
Provision/(benefit) for income taxes		(2,129	)		6,471			(18,300	)		(2,142	)		(22,943	)		NM			91	%
Net income/(loss)	$	(2,669	)	$	11,400		$	(29,912	)	$	(3,307	)	$	(37,725	)		(123	)%		93	%
Capital Markets
Total revenues (a)	$	116,926		$	121,320		$	132,115		$	183,615		$	210,787			(4	)%		(45	)%
Noninterest expenses		84,126			75,119			80,421			95,359			135,625			12	%		(38	)%
Income before income taxes		32,800			46,201			51,694			88,256			75,162			(29	)%		(56	)%
Provision for income taxes		12,279			17,326			19,434			33,210			28,278			(29	)%		(57	)%
Net income	$	20,521		$	28,875		$	32,260		$	55,046		$	46,884			(29	)%		(56	)%
Corporate
Total revenues (a)	$	30,908		$	17,456		$	33,163		$	17,582		$	5,720			77	%	NM
Noninterest expenses		20,191			32,802			17,790			26,405			17,065			(38	)%		18	%
Income/(loss) before income taxes		10,717			(15,346	)		15,373			(8,823	)		(11,345	)		NM			NM
Provision/(benefit) for income taxes		(4,789	)		(9,913	)		5,743			(9,705	)		(9,419	)		52	%		49	%
Net income/(loss)	$	15,506		$	(5,433	)	$	9,630		$	882		$	(1,926	)	NM			NM
Non-Strategic
Total revenues (a)	$	71,754		$	75,332		$	108,906		$	53,450		$	161,764			(5	)%		(56	)%
Provision for loan losses		52,834			88,476			88,551			203,799			192,758			(40	)%		(73	)%
Noninterest expenses		76,654			124,847			79,392			102,852			84,025			(39	)%		(9	)%
Loss before income taxes		(57,734	)		(137,991	)		(59,037	)		(253,201	)		(115,019	)		58	%		50	%
Benefit for income taxes		(21,754	)		(51,995	)		(22,245	)		(95,406	)		(43,339	)		58	%		50	%
Net loss from continuing operations		(35,980	)		(85,996	)		(36,792	)		(157,795	)		(71,680	)		58	%		50	%
Loss from discontinued operations, net of tax		(7,271	)		(1,690	)		(10,200	)		(308	)		(648	)	NM			NM
Net loss	$	(43,251	)	$	(87,686	)	$	(46,992	)	$	(158,103	)	$	(72,328	)		51	%		40	%
Total Consolidated
Total revenues (a)	$	428,658		$	436,078		$	494,719		$	483,269		$	595,933			(2	)%		(28	)%
Provision for loan losses		105,000			135,000			185,000			260,000			300,000			(22	)%		(65	)%
Noninterest expenses		342,673			390,343			349,901			402,486			407,803			(12	)%		(16	)%
Loss before income taxes		(19,015	)		(89,265	)		(40,182	)		(179,217	)		(111,870	)		79	%		83	%
Benefit for income taxes		(16,393	)		(38,111	)		(15,368	)		(74,043	)		(47,423	)		57	%		65	%
Net loss from continuing operations		(2,622	)		(51,154	)		(24,814	)		(105,174	)		(64,447	)		95	%		96	%
Loss from discontinued operations, net of tax		(7,271	)		(1,690	)		(10,200	)		(308	)		(648	)	NM			NM
Net loss	$	(9,893	)	$	(52,844	)	$	(35,014	)	$	(105,482	)	$	(65,095	)		81	%		85	%

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

																1Q10 Change vs.
(Thousands)	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Income Statement
Net interest income	$	133,160		$	140,078		$	137,419		$	141,634		$	137,847			(5	)%		(3	)%
Noninterest income		75,910			81,892			83,116			86,988			79,815			(7	)%		(5	)%
Total revenues		209,070			221,970			220,535			228,622			217,662			(6	)%		(4	)%
Noninterest expense		161,702			157,575			172,298			177,870			171,088			3	%		(5	)%
Provision for loan losses		52,166			46,524			96,449			56,201			107,242			12	%		(51	)%
Income/(loss) before income taxes	$	(4,798	)	$	17,871		$	(48,212	)	$	(5,449	)	$	(60,668	)		(127	)%		92	%
Efficiency ratio		77.34	%		70.99	%		78.13	%		77.80	%		78.60	%
Balance Sheet (millions)
Average loans	$	10,724		$	11,064		$	11,319		$	11,818		$	12,099			(3	)%		(11	)%
Average other earning assets		174			156			161			287			367			12	%		(53	)%
Total average earning assets		10,898			11,220			11,480			12,105			12,466			(3	)%		(13	)%
Average core deposits		12,163			11,290			10,808			10,635			10,465			8	%		16	%
Average other deposits		520			642			876			1,011			997			(19	)%		(48	)%
Total average deposits		12,683			11,932			11,684			11,646			11,462			6	%		11	%
Total period end deposits		12,888			12,554			11,553			11,783			11,826			3	%		9	%
Total period end assets	$	11,381		$	11,915		$	11,693		$	12,317		$	12,834			(4	)%		(11	)%
Net interest margin		4.96	%		4.95	%		4.75	%		4.69	%		4.48	%
Loan yield		4.02			3.97			3.95			3.99			3.97
Deposit average yield		0.73			0.80			0.90			1.07			1.43
Noninterest Income Detail (thousands)
Deposit transactions and cash management	$	35,538		$	40,711		$	41,272		$	41,293		$	38,594			(13	)%		(8	)%
Insurance commissions		5,132			4,726			5,020			5,406			5,493			9	%		(7	)%
Trust services and investment management		7,290			7,685			7,368			7,672			6,840			(5	)%		7	%
Bankcard income		4,079			4,460			4,487			4,356			4,158			(9	)%		(2	)%
Mortgage banking		3,508			4,204			4,819			8,722			6,864			(17	)%		(49	)%
Other service charges		3,381			3,345			3,813			4,298			3,681			1	%		(8	)%
Miscellaneous revenue		16,982			16,761			16,337			15,241			14,185			1	%		20	%
Total noninterest income	$	75,910		$	81,892		$	83,116		$	86,988		$	79,815			(7	)%		(5	)%
Key Statistics
Locations
Financial centers		182			183			183			200			202			(1	)%		(10	)%
Full service		167			168			168			168			168			*			*
Teller-only		15			15			15			32			34			*			(56	)%
Trust assets
Total assets (millions)	$	9,359		$	9,574		$	9,705		$	9,017		$	8,872			(2	)%		5	%
Total managed assets (millions)		4,580			4,728			4,736			4,508			4,467			(3	)%		3	%
Mortgage production
First lien production (millions)	$	185		$	192		$	234		$	445		$	408			(4	)%		(55	)%

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

																1Q10 Change vs.
(Thousands)	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Income Statement
Net interest income	$	2,320		$	3,333		$	3,009		$	4,091		$	4,533			(30	)%		(49	)%
Noninterest income:
Fixed income		105,270			110,985			120,528			170,106			196,985			(5	)%		(47	)%
Other		9,336			7,002			8,578			9,418			9,269			33	%		1	%
Total noninterest income		114,606			117,987			129,106			179,524			206,254			(3	)%		(44	)%
Total revenues		116,926			121,320			132,115			183,615			210,787			(4	)%		(45	)%
Noninterest expense		84,126			75,119			80,421			95,359			135,625			12	%		(38	)%
Income before income taxes	$	32,800		$	46,201		$	51,694		$	88,256		$	75,162			(29	)%		(56	)%
Efficiency ratio		71.95	%		61.92	%		60.87	%		51.93	%		64.34	%
Fixed income average daily revenue	$	1,726		$	1,790		$	1,883		$	2,700		$	3,229			(4	)%		(47	)%
Balance Sheet (millions)
Average trading inventory	$	880		$	960		$	857		$	964		$	1,116			(8	)%		(21	)%
Average other earning assets		626			668			541			616			726			(6	)%		(14	)%
Average total earning assets		1,506			1,628			1,398			1,580			1,842			(7	)%		(18	)%
Total period end assets		2,399			1,672			2,269			2,719			3,082			43	%		(22	)%
Net interest margin		0.62	%		0.81	%		0.85	%		1.04	%		1.00	%

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

																1Q10 Change vs.
(Thousands)	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Income Statement
Net interest income	$	6,019		$	7,696		$	8,494		$	6,158		$	4,044			(22	)%		49	%
Noninterest income		25,077			9,820			24,669			11,536			1,677			155	%	NM
Securities losses, net		(188	)		(60	)		—			(112	)		(1	)	NM			NM
Total revenues		30,908			17,456			33,163			17,582			5,720			77	%	NM
Noninterest expense		20,191			32,802			17,790			26,405			17,065			(38	)%		18	%
Income/(loss) before income taxes	$	10,717		$	(15,346	)	$	15,373		$	(8,823	)	$	(11,345	)		170	%		194	%
Average Balance Sheet (millions)
Total earning assets	$	3,042		$	3,150		$	3,000		$	3,565		$	3,458			(3	)%		(12	)%
Net interest margin		0.80	%		0.97	%		1.12	%		0.69	%		0.47	%

NM — Not meaningful
*	Amount is less than one percent.
Certain previously reported amounts have been reclassified to agree with current presentation.

19

NON-STRATEGIC
Quarterly, Unaudited

																1Q10 Change vs.
(Thousands)	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Income Statement
Net interest income	$	38,896		$	38,786		$	41,979		$	47,203		$	50,163			*			(22	)%
Noninterest income		34,576			37,397			66,862			6,465			111,602			(8	)%		(69	)%
Securities gains/(losses), net		(1,718	)		(851	)		65			(218	)		(1	)	NM			NM
Total revenues		71,754			75,332			108,906			53,450			161,764			(5	)%		(56	)%
Noninterest expense		76,654			124,847			79,392			102,852			84,025			(39	)%		(9	)%
Provision for loan losses		52,834			88,476			88,551			203,799			192,758			(40	)%		(73	)%
Loss before income taxes	$	(57,734	)	$	(137,991	)	$	(59,037	)	$	(253,201	)	$	(115,019	)		58	%		50	%
Average Balance Sheet (millions)
Loans	$	6,943		$	7,196		$	7,702		$	8,268		$	8,861			(4	)%		(22	)%
Loans held for sale		317			333			339			380			386			(5	)%		(18	)%
Trading securities		57			93			125			141			173			(39	)%		(67	)%
Mortgage servicing rights		275			283			321			326			416			(3	)%		(34	)%
Other assets		261			314			231			169			437			(17	)%		(40	)%
Total assets		7,853			8,219			8,718			9,284			10,273			(4	)%		(24	)%
Escrow balances		583			803			923			1,202			1,337			(27	)%		(56	)%
Net interest margin		2.12	%		1.99	%		2.00	%		2.12	%		2.10	%
Noninterest Expense Detail (thousands)
Foreclosure and repurchase provision	$	40,675		$	59,344		$	25,751		$	29,098		$	12,267			(31	)%	NM
Salaries and benefits		4,724			7,801			8,348			7,391			9,704			(39	)%		(51	)%
Contract labor and outsourcing		4,134			6,087			5,062			5,260			7,381			(32	)%		(44	)%
Equipment and occupancy		1,202			5,137			2,097			1,880			3,116			(77	)%		(61	)%
Other expenses		25,919			46,478			38,134			59,223			51,557			(44	)%		(50	)%
Total noninterest expense	$	76,654		$	124,847		$	79,392		$	102,852		$	84,025			(39	)%		(9	)%
Mortgage warehouse (millions)
Ending warehouse balance (loans held for sale)	$	309		$	307		$	333		$	331		$	373			1	%		(17	)%

NM — Not meaningful
*	Amount is less than one percent.
Certain previously reported amounts have been reclassified to agree with current presentation.

20

NON-STRATEGIC: SERVICING (a)
Quarterly, Unaudited

																1Q10 Change vs.
(Thousands)	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Servicing Income
Service fees		27,677			27,864			29,668			27,787			35,124			(1	)%		(21	)%
Change in MSR value — runoff		(8,816	)		(10,199	)		(12,009	)		(18,432	)		(18,607	)		14	%		53	%
Hedging results		10,905			24,153			30,783			6,155			84,725			(55	)%		(87	)%
Total servicing income	$	29,766		$	41,818		$	48,442		$	15,510		$	101,242			(29	)%		(71	)%
Key Servicing Metrics (millions)
Beginning servicing portfolio	$	40,616		$	44,233		$	46,453		$	62,948		$	66,575
Additions to portfolio, net of REO transfers		(373	)		(433	)		(385	)		(247	)		(352	)
Prepayments		(993	)		(1,321	)		(1,551	)		(2,543	)		(3,275	)
Amortization		(272	)		(280	)		(284	)		(300	)		—
Service release sales		—			—			—			(65	)		—
Bulk sale		—			(1,583	)		—			(13,340	)		—
Ending servicing portfolio (owned)	$	38,978		$	40,616		$	44,233		$	46,453		$	62,948			(4	)%		(38	)%
Average servicing portfolio (owned)	$	39,543		$	42,069		$	44,906		$	47,621		$	55,470			(6	)%		(29	)%
Average loans serviced (#)		224,374			247,113			272,855			288,362			334,199			(9	)%		(33	)%
Portfolio Product Mix (Average)
GNMA		2	%		2	%		2	%		2	%		2	%
FNMA/FHLMC		57	%		54	%		51	%		50	%		54	%
Private		39	%		43	%		46	%		46	%		42	%
Sub-Total		98	%		99	%		99	%		98	%		98	%
Warehouse		2	%		1	%		1	%		2	%		2	%
Total		100	%		100	%		100	%		100	%		100	%
Other Portfolio Statistics
Net service fees — annualized (bps)		25			24			24			24			24
Total service fees — annualized (bps)		28			26			26			23			25
Ancillary income per loan (annualized)	$	69.93		$	65.12		$	61.03		$	49.19		$	67.07			7	%		4	%
Servicing cost per loan (annualized)	$	29.73		$	34.41		$	104.75		$	81.31		$	30.77			(14	)%		(3	)%
Average servicing asset (millions)		275			283			321			310			334
Servicing book value (bps)		70			67			71			65			60
90+ Delinquency rate, excluding foreclosures (b)		9.99	%		9.53	%		8.38	%		7.04	%		6.80	%
Change in MSR asset / average servicing asset		4	%		6	%		21	%		(18	)%		37	%
Run-off rate — annualized		7	%		9	%		11	%		14	%		20	%

NM — Not meaningful
*	Amount is less than one percent.
Certain previously reported amounts have been reclassified to agree with current presentation.
(a)	Includes servicing of first liens, second liens and HELOC.
(b)	Delinquency rates exclude second liens and HELOC.

21

CAPITAL HIGHLIGHTS
Quarterly, Unaudited

																1Q10 Change vs.
(Dollars in millions, except per share amounts)	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Tier 1 capital (a)	$	3,484.9		$	3,507.8		$	3,563.7		$	3,596.3		$	3,709.0			(1	)%		(6	)%
Tier 2 capital (a)		1,021.5			1,183.2			1,191.3			1,205.5			1,295.6			(14	)%		(21	)%
Total capital (a)	$	4,506.4		$	4,691.0		$	4,755.0		$	4,801.8		$	5,004.6			(4	)%		(10	)%
Risk weighted assets (a)	$	21,065.3		$	21,400.4		$	21,999.5		$	23,123.4		$	24,771.8			(2	)%		(15	)%
Tier 1 ratio (a)		16.54	%		16.39	%		16.20	%		15.55	%		14.97	%
Tier 2 ratio (a)		4.85			5.53			5.41			5.22			5.23
Total capital ratio (a)		21.39	%		21.92	%		21.61	%		20.77	%		20.20	%
Tier 1 common ratio (a) (b)		9.91	%		9.88	%		9.88	%		9.56	%		9.40	%
Leverage ratio (a)		13.71	%		13.36	%		13.34	%		12.49	%		12.23	%
Shareholders’ equity/assets ratio (c)		12.62	%		12.67	%		12.73	%		11.80	%		11.24	%
Adjusted tangible common equity/RWA (a) (b) (d)		9.07	%		9.06	%		9.06	%		8.71	%		8.61	%
Tangible common equity/tangible assets (b)		7.67	%		7.75	%		7.85	%		7.27	%		7.07	%
Tangible book value per common share (b) (e)	$	8.75		$	8.90		$	9.15		$	9.21		$	9.74
Book value per common share (e)	$	9.63		$	9.81		$	10.13		$	10.25		$	10.79

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 32 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 April 1, 2010.

22

ASSET QUALITY: CONSOLIDATED
Quarterly, Unaudited

																1Q10 Change vs.
(Thousands)	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Allowance for Loan Losses Walk-Forward
Beginning reserve	$	896,914		$	944,765		$	961,482		$	940,932		$	849,210			(5	)%		6	%
Adjustment due to adoption of amendments to ASC 810 (a)		24,578			—			—			—			—		NM			NM
Provision		105,000			135,000			185,000			260,000			300,000			(22	)%		(65	)%
Charge-offs		(193,955	)		(196,908	)		(212,561	)		(250,330	)		(217,161	)		1	%		11	%
Recoveries		11,523			14,057			10,844			10,880			8,883			(18	)%		30	%
Ending balance (Restricted — $59.8 million) (b)	$	844,060		$	896,914		$	944,765		$	961,482		$	940,932			(6	)%		(10	)%
Reserve for off-balance sheet commitments		18,737			19,685			20,308			22,823			19,511			(5	)%		(4	)%
Total allowance for loan losses plus reserve	$	862,797		$	916,599		$	965,073		$	984,305		$	960,443			(6	)%		(10	)%
Allowance for Loan Losses
Regional Banking	$	420,562		$	427,429		$	434,683		$	392,099		$	404,311			(2	)%		4	%
Non-Strategic		423,498			469,485			510,082			569,383			536,621			(10	)%		(21	)%
Total allowance for loan losses	$	844,060		$	896,914		$	944,765		$	961,482		$	940,932			(6	)%		(10	)%
Non-Performing Assets
Regional Banking
Nonperforming loans	$	329,600		$	271,021		$	318,309		$	265,017		$	219,199			22	%		50	%
Foreclosed real estate		27,934			29,862			17,176			29,787			31,140			(6	)%		(10	)%
Total Regional Banking	$	357,534		$	300,883		$	335,485		$	294,804		$	250,339			19	%		43	%
Non-Strategic
Nonperforming loans — including held for sale (c)	$	598,608		$	666,663		$	801,410		$	861,941		$	913,909			(10	)%		(35	)%
Foreclosed real estate		85,072			83,847			83,594			76,333			87,905			1	%		(3	)%
Total Non-Strategic	$	683,680		$	750,510		$	885,004		$	938,274		$	1,001,814			(9	)%		(32	)%
Total nonperforming assets	$	1,041,214		$	1,051,393		$	1,220,489		$	1,233,078		$	1,252,153			(1	)%		(17	)%
Net Charge-Offs
Regional Banking	$	59,032		$	53,777		$	53,866		$	68,413		$	62,272			10	%		(5	)%
Non-Strategic		123,400			129,074			147,852			171,036			146,006			(4	)%		(15	)%
Total net charge-offs	$	182,432		$	182,851		$	201,718		$	239,449		$	208,278			*			(12	)%
Consolidated Key Ratios (d)
NPL %		5.02	%		4.96	%		5.87	%		5.64	%		5.44	%
NPA %		5.63			5.56			6.38			6.15			5.98
Net charge-offs %		4.13			4.00			4.24			4.77			3.97
Allowance / loans		4.83			4.95			5.10			4.91			4.57
Allowance / NPL		0.96	x		1.00	x		0.87	x		0.87	x		0.84	x
Allowance / NPA		0.85	x		0.89	x		0.80	x		0.79	x		0.76	x
Allowance / Charge-offs		1.16	x		1.23	x		1.17	x		1.00	x		1.13	x
Other
Loans past due 90 days or more (e)	$	167,191		$	182,343		$	173,634		$	182,468		$	250,801			(8	)%		(33	)%
Guaranteed portion (e)		46,957			40,252			42,271			36,379			40,205			17	%		17	%
Foreclosed real estate from GNMA loans		9,054			11,481			10,619			10,464			13,607			(21	)%		(33	)%
Period-end loans, net of unearned income (millions)	$	17,484		$	18,124		$	18,525		$	19,586		$	20,572			(4	)%		(15	)%
Off-balance sheet commitments (millions) (f)	$	5,204		$	5,453		$	5,537		$	5,882		$	6,077			(5	)%		(14	)%

Certain previously reported amounts have been reclassified to agree with current presentation.
NM — Not meaningful
*	Amount is less than one percent
(a)	See Glossary of Terms for definition of ASC 810 adjustment.
(b)	See Glossary of Terms for definition of restricted balances.
(c)	1Q10 includes $51.3 million of loans held for sale.
(d)	See Glossary of Terms for definitions of Consolidated Key Ratios.
(e)	Includes loans held for sale.
(f)	Amount of off-balance sheet commitments for which a reserve has been provided.

23

ASSET QUALITY: CONSOLIDATED
Quarterly, Unaudited

																1Q10 Change vs.
	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Key Portfolio Details
Commercial (C&I and Other)
Period-end loans ($ millions)	$	6,856		$	7,135		$	6,899		$	7,381		$	7,676			(4	)%		(11	)%
30+ Delinq. % (a)		1.02	%		0.96	%		1.25	%		0.82	%		1.53	%
NPL %		2.86			1.90			2.13			1.52			1.35
Charge-offs % (qtr. annualized)		1.67			1.21			2.48			1.43			1.55
Allowance / loans %		4.28	%		3.88	%		3.78	%		3.40	%		2.97	%
Allowance / charge-offs		2.60	x		3.29	x		1.48	x		2.35	x		1.89	x
Income CRE (Income-producing Commercial Real Estate)
Period-end loans ($ millions)	$	1,674		$	1,774		$	1,845		$	1,871		$	1,938			(6	)%		(14	)%
30+ Delinq. % (a)		3.11	%		3.13	%		2.19	%		2.82	%		4.23	%
NPL %		10.81			10.35			10.87			8.67			6.30
Charge-offs % (qtr. annualized)		4.37			6.13			3.46			6.40			3.36
Allowance / loans %		8.62	%		8.67	%		8.29	%		5.77	%		5.21	%
Allowance / charge-offs		1.94	x		1.38	x		2.37	x		0.87	x		1.53	x
Residential CRE (Homebuilder and Condominium Construction)
Period-end loans ($ millions)	$	528		$	640		$	835		$	986		$	1,133			(18	)%		(53	)%
30+ Delinq. % (a)		3.89	%		3.71	%		4.15	%		5.29	%		10.43	%
NPL %		49.38			42.94			42.35			39.44			36.34
Charge-offs % (qtr. annualized)		21.19			22.22			13.41			17.22			18.10
Allowance / loans %		9.69	%		8.12	%		9.17	%		9.87	%		8.59	%
Allowance / charge-offs		0.41	x		0.31	x		0.62	x		0.53	x		0.44	x
Consumer Real Estate (Home Equity Installment and HELOC)
Period-end loans ($ millions)	$	6,084		$	6,931		$	7,148		$	7,356		$	7,609			(12	)%		(20	)%
30+ Delinq. % (a)		2.21	%		2.31	%		2.28	%		2.12	%		2.01	%
NPL %		0.30			0.26			0.14			0.08			0.07
Charge-offs % (qtr. annualized)		2.91			2.93			3.04			3.01			2.38
Allowance / loans %		2.87	%		3.10	%		3.21	%		3.04	%		3.06	%
Allowance / charge-offs		0.97	x		1.04	x		1.04	x		0.99	x		1.27	x
Permanent Mortgage
Period-end loans ($ millions)	$	1,068		$	1,086		$	1,113		$	1,112		$	1,109			(2	)%		(4	)%
30+ Delinq. % (a)		6.29	%		8.49	%		8.09	%		9.44	%		10.11	%
NPL %		11.09			9.02			8.65			6.97			4.48
Charge-offs % (qtr. annualized)		10.44			4.65			6.27			7.97			3.47
Allowance / loans %		7.86	%		11.41	%		9.06	%		8.85	%		7.06	%
Allowance / charge-offs		0.75	x		2.45	x		1.46	x		1.08	x		2.04	x
OTC, Credit Card, and Other (b)
Period-end loans ($ millions)	$	403		$	558		$	685		$	881		$	1,108			(28	)%		(64	)%
30+ Delinq. % (a)		2.12	%		5.22	%		3.12	%		5.77	%		2.68	%
NPL %		24.91			34.03			40.89			40.58			38.51
Charge-offs % (qtr. annualized)		17.52			18.07			19.60			22.75			16.61
Allowance / loans %		9.21	%		13.54	%		18.12	%		20.83	%		18.39	%
Allowance / charge-offs		0.45	x		0.68	x		0.81	x		0.81	x		1.01	x
Restricted real estate loans (c)
Period-end loans ($ millions) (d)	$	870			N/A			N/A			N/A			N/A		NM			NM
30+ Delinq. % (a)		3.72	%		N/A			N/A			N/A			N/A
NPL %		0.19			N/A			N/A			N/A			N/A
Charge-offs % (qtr. annualized)		4.78			N/A			N/A			N/A			N/A
Allowance / loans %		6.87	%		N/A			N/A			N/A			N/A
Allowance / charge-offs		1.40	x		N/A			N/A			N/A			N/A

*	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.
(b)	1Q10 select OTC balances – PE loans: $105.4 million; NPL: $100.5 million; Allowance: $24.7 million; Net Charge-offs: $17.1 million.
(c)	Prior to 1Q10, certain amounts were included in Consumer Real Estate. Includes $245.2 million loans consolidated on January 1, 2010 due to the adoption of amendments to ASC 810.
(d)	Includes $800.5 million of consumer real estate loans and $69.9 million of permanent mortgage loans.

24

ANALYSIS OF INDIVIDUALLY IMPAIRED LOANS AND NPL AND ORE ROLLFORWARDS
Unaudited

(Millions)	Reserves		Balances		Reserve Rate
Commercial Portfolio Reserves
Individually impaired loans with reserves	$	50.2	$	159.6		31.43	%
Individually impaired loans without reserves		—		397.2		—
All other loans		438.7		8,501.5		5.16	%
Total	$	488.9	$	9,058.3		5.40	%

(Millions)	1Q10			4Q09			3Q09			2Q09			1Q09
NPL Rollforward (a)
Beginning NPLs	$	784		$	981		$	1,021		$	1,064		$	998
+ Additions		182			147			254			232			316
+ Principal Increase		13			9			7			19			13
- Payments		(113	)		(175	)		(130	)		(113	)		(81	)
- Net Charge-Offs		(95	)		(114	)		(125	)		(155	)		(149	)
- Transfer to OREO		(32	)		(62	)		(46	)		(25	)		(32	)
- Upgrade to Accrual		—			(2	)		—			(1	)		(1	)
Ending NPLs	$	739		$	784		$	981		$	1,021		$	1,064
(a) Includes Commercial and One-Time Close Portfolios only
(Millions)	1Q10			4Q09			3Q09			2Q09			1Q09
ORE Inventory Rollforward (b)
Beginning Balance	$	113.7		$	100.8		$	106.1		$	119.0		$	104.3
Valuation adjustments		(5.9	)		(10.0	)		(10.4	)		(12.6	)		(6.8	)
Adjusted Balance	$	107.8		$	90.8		$	95.7		$	106.4		$	97.5
+ New OREO		47.1			74.8			65.2			38.5			39.2
+ Capitalized Expenses		1.6			1.0			4.0			0.4			0.1
Disposals:
- Single Transactions		(43.5	)		(52.9	)		(49.6	)		(24.4	)		(16.8	)
- Bulk Sales		—			—			(6.0	)		(10.6	)		—
- Auctions		—			—			(8.5	)		(4.2	)		(1.0	)
Ending Balance	$	113.0		$	113.7		$	100.8		$	106.1		$	119.0

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

25

ASSET QUALITY: REGIONAL BANKING
Quarterly, Unaudited

																1Q10 Change vs.
	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Total Regional Banking
Period-end loans ($ millions)	$	10,735		$	11,180		$	11,093		$	11,635		$	12,039			(4	)%		(11	)%
30+ Delinq. % (a)		1.32	%		1.56	%		1.73	%		1.28	%		1.97	%
NPL %		3.07			2.42			2.87			2.28			1.82
Charge-offs % (qtr. annualized)		2.20			1.94			1.90			2.31			2.06
Allowance / loans %		3.92	%		3.82	%		3.92	%		3.37	%		3.36	%
Allowance / charge-offs		1.78	x		1.99	x		2.02	x		1.43	x		1.62	x
Key Portfolio Details
Commercial (C&I and Other)
Period-end loans ($ millions)	$	6,218		$	6,475		$	6,257		$	6,725		$	7,008			(4	)%		(11	)%
30+ Delinq. % (a)		1.13	%		1.05	%		1.35	%		0.88	%		1.63	%
NPL %		2.17			1.51			1.74			1.33			1.23
Charge-offs % (qtr. annualized)		1.82			1.23			1.92			1.52			1.64
Allowance / loans %		3.91	%		3.53	%		3.68	%		3.34	%		3.04	%
Allowance / charge-offs		2.17	x		2.95	x		1.86	x		2.16	x		1.84	x
Income CRE (Income-producing Commercial Real Estate)
Period-end loans ($ millions)	$	1,454		$	1,522		$	1,556		$	1,557		$	1,596			(4	)%		(9	)%
30+ Delinq. % (a)		1.96	%		3.30	%		2.57	%		1.74	%		3.19	%
NPL %		6.90			6.53			7.25			5.46			3.25
Charge-offs % (qtr. annualized)		2.57			3.16			1.84			6.15			2.44
Allowance / loans %		7.97	%		8.61	%		8.53	%		5.31	%		5.19	%
Allowance / charge-offs		3.09	x		2.72	x		4.63	x		0.84	x		2.11	x
Residential CRE (Homebuilder and Condominium Construction)
Period-end loans ($ millions)	$	259		$	300		$	358		$	407		$	450			(14	)%		(42	)%
30+ Delinq. % (a)		2.64	%		5.42	%		6.57	%		5.88	%		7.27	%
NPL %		35.04			22.97			26.00			21.39			17.29
Charge-offs % (qtr. annualized)		20.80			15.39			7.73			7.81			11.34
Allowance / loans %		10.78	%		8.44	%		9.12	%		10.02	%		10.15	%
Allowance / charge-offs		0.48	x		0.50	x		1.10	x		1.21	x		0.83	x
Consumer Real Estate (Home Equity Installment and HELOC)
Period-end loans ($ millions)	$	2,501		$	2,552		$	2,595		$	2,619		$	2,642			(2	)%		(5	)%
30+ Delinq. % (a)		1.25	%		1.30	%		1.44	%		1.29	%		1.25	%
NPL %		0.13			0.19			0.13			0.13			0.12
Charge-offs % (qtr. annualized)		0.68			0.94			0.83			0.81			1.05
Allowance / loans %		0.94	%		1.19	%		1.04	%		1.12	%		1.79	%
Allowance / charge-offs		1.36	x		1.26	x		1.24	x		1.37	x		1.71	x
Credit Card, Permanent Mortgage, and Other
Period-end loans ($ millions)	$	302		$	331		$	327		$	328		$	342			(9	)%		(12	)%
30+ Delinq. % (a)		1.60	%		1.89	%		1.98	%		1.77	%		1.83	%
NPL %		0.13			0.08			0.08			0.12			0.12
Charge-offs % (qtr. annualized)		3.53			4.42			3.54			5.05			3.40
Allowance / loans %		3.47	%		3.55	%		3.67	%		4.60	%		4.54	%
Allowance / charge-offs		0.96	x		0.82	x		1.03	x		0.91	x		1.34	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.

26

ASSET QUALITY: NON-STRATEGIC
Quarterly, Unaudited

																1Q10 Change vs.
	1Q10			4Q09			3Q09			2Q09			1Q09			4Q09			1Q09
Total Non-Strategic Lending
Period-end loans ($ millions)	$	6,749		$	6,944		$	7,432		$	7,951		$	8,533			(3	)%		(21	)%
30+ Delinq. % (a)		3.62	%		3.67	%		3.27	%		4.12	%		4.39	%
NPL %		8.87			9.60			10.78			10.84			10.71
Charge-offs % (qtr. annualized)		7.11			7.17			7.68			8.27			6.59
Allowance / loans %		6.27	%		6.76	%		6.86	%		7.16	%		6.29	%
Allowance / charge-offs		0.86	x		0.91	x		0.86	x		0.83	x		0.92	x
Key Portfolio Details
Commercial (C&I and Other) (b)
Period-end loans ($ millions)	$	638		$	660		$	642		$	656		$	668			(3	)%		(4	)%
30+ Delinq. % (a)		0.03	%		0.06	%		0.22	%		0.26	%		0.49	%
NPL %		9.66			5.73			5.95			3.48			2.66
Charge-offs % (qtr. annualized)		0.08			1.03			8.03			0.47			0.69
Allowance / loans %		7.92	%		7.24	%		4.72	%		4.06	%		2.22	%
Allowance / charge-offs		106.43	x		7.27	x		0.58	x		8.58	x		3.11	x
Income CRE (Income-producing Commercial Real Estate)
Period-end loans ($ millions)	$	220		$	253		$	290		$	314		$	341			(13	)%		(35	)%
30+ Delinq. % (a)		10.76	%		2.11	%		0.16	%		8.16	%		9.10	%
NPL %		36.67			33.32			30.28			24.59			20.52
Charge-offs % (qtr. annualized)		15.38			22.13			11.45			7.59			7.49
Allowance / loans %		12.96	%		9.01	%		6.98	%		8.09	%		5.30	%
Allowance / charge-offs		0.77	x		0.36	x		0.56	x		0.99	x		0.68	x
Residential CRE (Homebuilder and Condominium Construction)
Period-end loans ($ millions)	$	269		$	340		$	477		$	579		$	682			(21	)%		(61	)%
30+ Delinq. % (a)		5.09	%		2.19	%		2.33	%		4.87	%		12.52	%
NPL %		63.23			60.60			54.60			52.10			48.91
Charge-offs % (qtr. annualized)		21.54			27.42			17.44			23.53			22.46
Allowance / loans %		8.63	%		7.84	%		9.21	%		9.77	%		7.56	%
Allowance / charge-offs		0.35	x		0.23	x		0.47	x		0.37	x		0.31	x
Consumer Real Estate (Home Equity Installment and HELOC)
Period-end loans ($ millions)	$	3,583		$	4,380		$	4,553		$	4,737		$	4,967			(18	)%		(28	)%
30+ Delinq. % (a)		2.88	%		2.89	%		2.75	%		2.58	%		2.41	%
NPL %		0.42			0.30			0.15			0.06			0.04
Charge-offs % (qtr. annualized)		4.45			4.08			4.27			4.21			3.07
Allowance / loans %		4.21	%		4.22	%		4.45	%		4.10	%		3.74	%
Allowance / charge-offs		0.93	x		1.01	x		1.02	x		0.96	x		1.19	x
Permanent Mortgage
Period-end loans ($ millions)	$	1,040		$	1,059		$	1,084		$	1,082		$	1,075			(2	)%		(3	)%
30+ Delinq. % (a)		6.33	%		8.57	%		8.17	%		9.60	%		10.36	%
NPL %		11.34			9.22			8.85			7.13			4.58
Charge-offs % (qtr. annualized)		10.71			4.77			6.44			8.20			3.57
Allowance / loans %		8.00	%		11.62	%		9.25	%		9.07	%		7.26	%
Allowance / charge-offs		0.74	x		2.44	x		1.46	x		1.08	x		2.03	x
OTC and Other Consumer (c)
Period-end loans ($ millions)	$	129		$	253		$	386		$	582		$	799			(49	)%		(84	)%
30+ Delinq. % (a)		3.90	%		9.58	%		4.21	%		7.90	%		3.01	%
NPL %		78.20			74.96			72.59			61.37			53.40
Charge-offs % (qtr. annualized)		37.55			30.66			29.26			30.02			20.93
Allowance / loans %		21.26	%		25.50	%		29.19	%		28.96	%		23.59	%
Allowance / charge-offs		0.38	x		0.67	x		0.79	x		0.80	x		0.99	x
Restricted real estate loans (d)
Period-end loans ($ millions) (e)	$	870			N/A			N/A			N/A			N/A		NM			NM
30+ Delinq. % (a)		3.72	%		N/A			N/A			N/A			N/A
NPL %		0.19			N/A			N/A			N/A			N/A
Charge-offs % (qtr. annualized)		4.78			N/A			N/A			N/A			N/A
Allowance / loans %		6.87	%		N/A			N/A			N/A			N/A
Allowance / charge-offs		1.40	x		N/A			N/A			N/A			N/A

*	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.
(b)	Includes trust preferred loan portfolio and other exited businesses.
(c)	1Q10 select OTC balances – PE loans: $105.4 million; NPL: $100.5 million; Allowance: $24.7 million; Net Charge-offs: $17.1 million.
(d)	Prior to 1Q10, certain amounts were included in Consumer Real Estate. Includes $245.2 million loans consolidated on January 1, 2010 due to the adoption of amendments to ASC 810.
(e)	Includes $800.5 million of consumer real estate loans and $69.9 million of permanent mortgage loans.

27

ASSET QUALITY HIGHLIGHTS: KEY PORTFOLIOS — COMMERCIAL Unaudited

C&I Portfolio: $6.9 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		87	%
Mortgage Warehouse Line Balances		5	%
Trust Preferred Loans		5	%
Bank Holding Company Lending		3	%

Income CRE Portfolio: $1.7 Billion (10% of Total Loans)

- Traditional commercial real estate construction and mini-permanent loans

- 87% managed by regional banking segment (approx)

- Only 13% in non-strategic 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		45.94	%		3.82	%
NC		9.70	%		20.06	%
GA		6.32	%		4.08	%
FL		5.98	%		43.54	%
TX		4.23	%		14.70	%
MS		3.69	%		4.24	%
WA		3.56	%		15.14	%
SC		3.49	%		2.41	%
WV		2.05	%		0.00	%
AZ		1.77	%		59.57	%

As of 3/31/10

Residential CRE Portfolio: $528 Million (3% of Total Loans)

- Loans to residential builders and developers

- Performance severely impacted by the housing market

- Wind-down portfolio: In early 2008 ceased originations for national CRE lending; balances have decreased by 80% since March 2008

Top 10 States
	% OS			% NPL
TN		30.57	%		21.40	%
FL		11.24	%		78.27	%
NC		8.96	%		51.27	%
WA		5.79	%		55.37	%
TX		5.13	%		21.22	%
CA		4.50	%		42.28	%
CO		4.30	%		99.28	%
VA		4.13	%		15.74	%
MD		2.83	%		56.50	%
SC		2.51	%		82.13	%

As of 3/31/10

28

ASSET QUALITY HIGHLIGHTS: KEY PORTFOLIOS — CONSUMER
Unaudited

Consumer Real Estate (primarily Home Equity) Portfolio: $6.1 Billion (35% of Total Loans)

- Performance stabilizing

- Geographically diverse

- Top States (TN = 34%, CA = 15%, VA = 4%, WA = 4%)

- Strong borrower quality

- 736 avg. portfolio origination FICO; 727 avg. portfolio FICO (refreshed)

- Good collateral position

- High LTV loans managed through whole loan insurance

- 28% first lien and 72% second lien

- 86% of uninsured portfolio <90 CLTV

- 14% of uninsured portfolio is HLTV, 64% of which (or 8.7%) have FICO >700

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

- Good borrower capacity (37% avg. DTI)

- Primarily retail-sourced (85% retail)

- Mix of older vintage loans

- 49% originated prior to 2006

- Statistics include $800.5 million of restricted real estate loans

Top 10 States
	% OS			Del. %			C/O	%
TN		34	%		1.28	%	.69	%
CA		15	%		3.13	%	5.46	%
VA		4	%		1.88	%	2.68	%
WA		4	%		2.40	%	2.66	%
GA		3	%		2.74	%	4.70	%
MD		3	%		2.36	%	2.45	%
FL		3	%		4.11	%	8.77	%
AZ		2	%		4.51	%	10.79	%
PA		2	%		1.96	%	2.16	%
NJ		2	%		2.13	%	2.09	%

As of 3/31/10

Retail vs. Wholesale Originations
	% OS			Del. %			C/O	%
Retail		85.36	%		2.03	%	2.43	%
Wholesale		12.07	%		4.53	%	7.67	%
Other		2.57	%		2.81	%	1.58	%

As of 3/31/10

Portfolio Breakdown by LTV and FICO
	<=80	%	80% - 90	%	>90	%
>=740	32.3	%	14.6	%	5.0	%
720-739	7.0	%	4.5	%	1.9	%
700-719	7.0	%	4.3	%	1.9	%
660-699	7.8	%	4.0	%	3.2	%
620-659	2.5	%	1.3	%	1.2	%
<620	0.8	%	0.3	%	0.5	%
*excludes whole loan insurance

As of 3/31/10

		Balance			Origination Characteristics														QTD
	Vintage	%			CLTV			FICO		% Broker *			% TN			% 1st lien			NCO’s %
	pre-2002		5	%		76	%		718		16	%		48	%		35	%		1.56	%
	2003		9	%		75	%		730		16	%		33	%		41	%		.99	%
	2004		14	%		79	%		727		27	%		23	%		27	%		2.26	%
	2005		20	%		80	%		732		19	%		19	%		17	%		3.99	%
	2006		17	%		77	%		735		6	%		25	%		18	%		4.24	%
	2007		19	%		79	%		740		14	%		27	%		19	%		4.45	%
	2008		9	%		76	%		749		10	%		70	%		52	%		2.03	%
	2009		6	%		72	%		754		2	%		84	%		59	%		.18	%
	2010		1	%		72	%		750		2	%		88	%		48	%		.00	%
	Total		100	%		78	%		736		15	%		34	%		28	%		3.04	%
*	Correspondent and Wholesale

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

- Portfolio performance varies by underlying pools

- National portfolios winding-down

- Originations consist of OTC completed construction loans

- Geographically diverse

- Balanced origination sources

- 48% retail; 52% wholesale

- Documentation type

- 63% full doc; 35% stated; 2% other

- Product type

- 65% jumbo; 18% Alt A; 17% other

- Statistics include $69.9 million of restricted real estate loans

Top 10 States
	% OS			Del. %
CA		23	%		3.94	%
TX		10	%		5.74	%
WA		8	%		4.18	%
AZ		6	%		8.78	%
VA		5	%		5.92	%
OR		5	%		8.80	%
FL		4	%		19.38	%
UT		4	%		12.94	%
MD		4	%		1.92	%
TN		3	%		3.97	%

As of 3/31/10

29

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. For assets evaluated using a discounted cash flow (“DCF”) methology, loans are discounted using the applicable note rate, and typically reserves are maintained.

Home Equity Loans and 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.

30

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.

ASC 810 Adjustment: Adjustment to reflect the initial application of Accounting Standards Update No. 2009-17, which includes the initial effects of consolidating previously off-balance sheet securitization trusts. The net impact of initial adoption was offset through a cumulative effect adjustment to undivided profits.

Core Business Segments: Management treats regional banking, capital markets, and corporate as FHN’s core businesses. Non-strategic has 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. The estimated loss on these loans is determined using a discounted cash flow (“DCF”) methodology or the estimated fair value of the underlying collateral less costs to sell, if the loan is considered collateral dependent. In accordance with accounting requirements, DCF loans are discounted using the applicable note rate, and typically reserves are maintained for DCF loans. Collateral dependent loans are generally charged off to the estimate of collateral value less cost to sell leaving no associated reserve.

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.

Restricted Balances: Assets of a consolidated variable interest entity that can be used only to settle obligations of the consolidated variable interest entity and liabilities of a consolidated variable interest entity for which creditors (or beneficial interest holders) do not have recourse to the general credit of the primary beneficiary.

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.

31

NON-GAAP to GAAP RECONCILIATION
Quarterly, Unaudited

(Millions)	1Q10			4Q09			3Q09			2Q09			1Q09
Tangible Common Equity (Non-GAAP)
(A) Total equity (GAAP)	$	3,270.9		$	3,302.5		$	3,370.2		$	3,394.0		$	3,507.7
Less: Preferred stock capital surplus — CPP		802.8			798.7			794.6			790.6			786.6
Less: Noncontrolling interest (a)		295.2			295.2			295.2			295.2			295.2
(B) Total common equity	$	2,172.9		$	2,208.6		$	2,280.4		$	2,308.2		$	2,425.9
Less: Intangible assets (GAAP) (b)		199.2			203.8			218.9			234.3			235.9
(C) Tangible common equity (Non-GAAP)	$	1,973.7		$	2,004.8		$	2,061.5		$	2,073.9		$	2,190.0
Less: Unrealized gains on AFS securities, net of tax		63.3			64.9			67.5			59.2			57.4
(D) Adjusted tangible common equity (Non-GAAP) (c)	$	1,910.4		$	1,939.9		$	1,994.0		$	2,014.7		$	2,132.6
Tangible Assets (Non-GAAP)
(E) Total assets (GAAP)	$	25,923.6		$	26,068.7		$	26,465.9		$	28,758.9		$	31,208.0
Less: Intangible assets (GAAP) (b)		199.2			203.8			218.9			234.3			235.9
(F) Tangible assets (Non-GAAP)	$	25,724.4		$	25,864.9		$	26,247.0		$	28,524.6		$	30,972.1
Period-end Shares Outstanding
(G) Period-end shares outstanding		225.7			225.2			225.2			225.1			224.8
Tier 1 Common (Non-GAAP)
(H) Tier 1 capital (d) (e)	$	3,484.9		$	3,507.8		$	3,563.7		$	3,596.3		$	3,709.0
Less: Preferred stock capital surplus — CPP		802.8			798.7			794.6			790.6			786.6
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)	$	2,087.3		$	2,114.3		$	2,174.3		$	2,210.9		$	2,327.6
Risk Weighted Assets
(J) Risk weighted assets (d) (e)	$	21,065.3		$	21,400.4		$	21,999.5		$	23,123.4		$	24,771.8
Ratios
(C)/(F) Tangible common equity to tangible assets (TCE/TA) (Non-GAAP)		7.67	%		7.75	%		7.85	%		7.27	%		7.07	%
(A)/(E) Total equity to total assets (GAAP)		12.62	%		12.67	%		12.73	%		11.80	%		11.24	%
(C)/(G) Tangible book value per common share (Non-GAAP)	$	8.75		$	8.90		$	9.15		$	9.21		$	9.74
(B)/(G) Book value per common share (GAAP)	$	9.63		$	9.81		$	10.13		$	10.25		$	10.79
(I)/(J) Tier 1 common ratio (Non-GAAP)		9.91	%		9.88	%		9.88	%		9.56	%		9.40	%
(H)/(E) Tier 1 capital to total assets (GAAP)		13.44	%		13.46	%		13.47	%		12.50	%		11.88	%
(D)/(J) Adjusted tangible common equity to risk weighted assets (TCE/RWA) (Non-GAAP) (c)		9.07	%		9.06	%		9.06	%		8.71	%		8.61	%

(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.

32

First Horizon National Corporation First Quarter 2010 Earnings April 16, 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.

Continued Strategic Progress in First Quarter 2010 Solid Regional Banking Franchise Strong Capital Markets Business Improved Liquidity Position Balance Sheet Reduction Strong Capital Position1 Ability to Execute Proactive on Asset Quality Reducing Risk Refocusing on Core Businesses 1Current quarter is estimate; Tier 1 Common, TCE, & TA are non-GAAP numbers, and a reconciliation is provided in the appendix. 2Spread is loan yield minus deposit cost. Average Regional Banking core deposits up 8% linked quarter and 16% year over year NIM strong at 4.96% in 1Q10, up 1bps linked quarter Increased spreads by 75bps from 1Q09 to 1Q102 Stable credit trends in Home Equity and Income CRE, mixed results in core C&I, and continued deterioration in bank-related exposures Continued strong fixed income average daily revenue of $1.7mm in 1Q10, down slightly from $1.8mm in 4Q09 Completed shut-down of institutional equity research business Consolidated average core deposits increased 4.5% from 4Q09 and 9% year over year Period end loan to core deposit ratio improved to 114% from 122% in 4Q09 and 149% in 1Q09 Non-Strategic period end loans decreased 3% or ~$200mm from 4Q09 Total period end assets declined 1% to $26B Repurchased debt for a $17.1mm gain Tier 1 ratio of 16.5% Tier 1 Common of 9.9% TCE + Reserves of 13.4% TCE/TA of 7.7% Provision expense declined 22% from 4Q09 NPAs declined 1% from 4Q09, down 17% year over year Reserve decrease of $53mm in 1Q10, despite addition of certain restricted consumer real estate loan balances

Financial Results

Consolidated Financial Results Loss per share of $0.12 after discontinued operations Net loss available to common shareholders of $28mm $(15)mm impact of TARP CPP preferred Pre-tax, pre-provision income1 of $86mm, up $40mm from 4Q09 Provision at $105mm $53mm reserve decrease Fourth consecutive quarter of lower provision expense and third of reserve decrease Net charge-offs flat at $182mm from $183mm in 4Q09 and down 12% from 1Q09 Non-Interest Income at $248mm in 1Q10 Continued solid fixed income sales $17.1mm gain on repurchase of debt Expenses at $343mm in 1Q10, down 12% or $48mm from 4Q09 Non-Strategic expenses declined 39% or $48mm from reduced repositioning costs and lower environmental expenses Environmental costs: $41mm of mortgage repurchase reserve expense $10mm of foreclosure expense Period-end shares increased to 226mm2 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 3/31/10.

Regional Banking Capital Markets Corporate Non-Strategic Core Business Segment Highlights 1Q10 Drivers / Impacts Repurchase Reserve of $(41)mm in 1Q10 vs. $(59)mm in 4Q09 $209 $(162) 1Q10 Revenue 1Q10 Expense $117 $(84) $31 $(20) $72 $(77) Core Business (subtotal) Total $357 $(266) $429 $(343) 4Q09 Pre-Tax, Pre-Provision Earnings1 1Q10 Resumed normal rate of incentive provisioning Seasonal FICA expense increase Foreclosure expense of $(4)mm in 1Q10 vs $(2)mm in 4Q09 Average daily revenue of $1.7mm in 1Q10 vs. $1.8mm in 4Q09 Lower hedging results of $11mm in 1Q10 vs. $24mm 4Q09 Lower NSF fees from seasonality in 1Q10 $47 $33 $11 Debt repurchase and termination of related hedging relationships for gain of $17.1mm in 1Q10 $91 $(5) $86 1Pre-tax, pre-provision is a non-GAAP number and is pre-tax income excluding provision; a reconciliation is provided in the appendix. $64 $46 $(15) $95 $(49) $46 Linked Quarter Change $mm / Percent $(13) or (6)% $(4) or (4)% $13 or 77% $(4) or (5)% $(4) or (1)% $(7) or (2)% $4 or 3% $9 or 12% $(13) or (38)% $1 or 0% $(48) or (39)% $(48) or (12)%

Expenses Decline, Environmental Costs Drop But Remain Elevated Consolidated expenses down 12% to $343mm from 4Q09 to 1Q10 Non-Strategic expenses declined 39% Restructuring, repositioning and efficiency expenses down by $21mm from 4Q09 to 1Q10 Environmental costs remain elevated, although down $21mm linked quarter Continued elevated foreclosure costs of $10mm in 1Q10 vs. $13mm in 4Q09 Lower mortgage repurchase reserve expense of $41mm in 1Q10 vs. $59mm in 4Q09 Expenses by Business Line Environmental Costs 1Q09 2Q09 3Q09 4Q09 1Q10 Regional Banking 171.088 177.87 172.298 157.575 161.702 Capital Markets 135.625 95.359 80.421 75.119 84.126 Corporate 5.72 17.582 33.163 17.456 30.908 Non-Strategic 84.025 102.852 79.392 124.847 76.654 $390 $350 $402 $408 $343 $500M 1Q09 2Q09 3Q09 4Q09 1Q10 Reinsurance Provision 14.3 8.2 - Consumer Repurchase Provision 10 11.982 -0.158 Mortgage Repurchase Provision 12.3 29.1 25.8 59.3 41 Foreclosure Expense 10 21.798 21.221 13.144 10.5 FDIC special assessment - 12.6 - - $73 $47 $84 $47 $52 $100M

Mortgage Repurchase-Related Expenses Driving Elevated Environmental Costs Pre-2005 Pre-2006 2006 2007 2008 2009 % of repurchase requests 0.02 0.09 0.17 0.6 0.14 0 % of FHN originations by vintage 0.36 0.26 0.25 0.15 0 Increased repurchase requests from GSE’s as delinquencies rise GSE loans represented ~60% of originations1 Slow resolution process Rescission rate of 40-50% Loss severity of 50-55% Sold mortgage origination platform in August 2008 Numbers may not add due to rounding. 1Based on UPB. 2Requests reflect pipeline as of 3/31/10. Repurchase Requests by Vintage2 Mortgage Repurchase Reserve Pipeline of Repurchase Requests1 1Q09 2Q09 3Q09 4Q09 1Q10 Pipeline 153.2 162.8 208.7 256.4 304 New Requests 78 78 90 125 116 Resolved 23.4 32.9 49.6 86 69 $320M

Strong Balance Sheet and Net Interest Margin Trends Period end total assets declined to $25.9B in 1Q10 Period end Non-Strategic loans decreased $195mm from 4Q09 Continued consolidated average core deposit growth Consolidated NIM steady at 3.19% in 1Q10 Core businesses NIM1 at 3.72% Widening spreads on new and renewed loans with improved pricing Weighted average rate paid on core deposits declined Adverse impact of non-accruals 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Loss of Yield and Int Reversals 16 20 23 17 16 17 13 14 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Regional Banking 9.6 9.8 10.465 10.635 10.808 11.29 12.163 Capital Markets 0.2 0.2 0.3095 0.1361 0.164 0.1384 0.1627 Corporate 1.2 1.6 1.06938 1.034431 1.459944 1.515362 1.468224 Non-Strategic 1 0.7 1.500619 1.205275 0.808856 0.802934 0.582873 $10.5 $10.6 $10.8 $11.3 $12.2 Yields and Rates Adverse Impact of Non-Accruals Net Interest Margin by Segment1 Regional Banking Average Core Deposits 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. 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Loan Yield 0.0529 0.0512 0.048 0.0397 0.0395 0.0386 0.0395 0.0398 Deposit Cost 0.0244 0.0229 0.0211 0.0163 0.0127 0.0103 0.0092 0.0085 Spread2 (right axis) 285 283 269 234 268 283 303 313 $14B

Asset Quality

Asset Quality Overview1 Peer Median FHN Consolidated FHN Regional Bank FHN Capital Markets3 FHN Non-Strategic3 Reserves 0.0274 0.0483 0.0392 0.058 0.0627 Reserves and Charge-Offs Reserves vs. Peers2 1Asset quality ratios as of 3/31/10. 2Peer Median includes Top 50 banks by asset size as of 4Q09. 3Non-Strategic reserve excludes LOCOM. Net charge-offs flat to 4Q09 at $182mm or 4.13% (annualized) of average loans1. 1Q10 results include: $3.5mm of losses associated with the addition of certain restricted consumer real estate loan balances $13.5mm of losses related to an acceleration of net charge-off recognition in permanent mortgage Reserves for loan losses decreased $53mm linked quarter to $844mm or 4.83% of period end loans1 Decrease despite addition of certain restricted consumer real estate loans to the balance sheet Slight reserve increase for commercial-purpose loans Significant reserve decrease driven by release in OTC and perm mortgage 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Provision 43.352 156.519 240 220 340 270 Net Charge-Offs 31.384 50.793 99.138 127.672 154.693 191.2 208.3 239.4 201.7 182.9 182.4 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 -16.7 -47.9 -52.9 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 0.0483 Provision 0.0108 0.0155 0.022 0.0259 0.0352 0.0399 0.0457 0.0491 0.051 0.0495 $182 $208 $239 $202 $183 $325B

Non-Performing Assets Declining ORE Activity2 NPLs Activity1 Numbers may not add due to rounding. 1Includes Commercial and One-Time Close Portfolios only. 2ORE excludes foreclosed real estate from GNMA loans. NPAs Declining, Problem Loan Resolution Efforts Continue NPAs declined $10mm or 1% linked-quarter, down for the fourth straight quarter and down 17% year over year NPL levels down 1% overall OTC down significantly: wind down Home Equity and Permanent Mortgage up: loan modifications and delayed foreclosure pipeline C&I up: TRUPs/bank related as well as some core C&I exposures Aggregate inflows up, outflows down relative to an exceptional 4Q09 ORE decreased 1% Lower inflow levels roughly offset outflows 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 NPLs 208.3 307.1 537.3 770 900 1054.4 1133.108 1126.958 1119.719 937.684 929 ORE 60 85.3 83.7 106.1 115.5 103.6 119 106.1 100.8 113.7 113 (1)% 16% 14% 8% (2)% (1)% (14)% $1.4B

Income CRE Portfolio: Stress to Remain through 2010 Construction Land Mini-Perm/Non-Construction Property Type 0.182 0.118 0.7 Construction 18% Land 12% Mini-Perm/ Construction 70% 2Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 30+ Delq. 0.52 0.0196 0.0057 0.0143 0.0347 0.0242 0.0423 0.0282 0.0219 0.0313 0.0311 Net Charge-Offs (ann.) 0.74 0.0013 0.0194 0.0063 0.0024 0.0273 0.0336 0.064 0.0346 0.0613 0.0437 NPLs/Total Loans 0.0354 0.0372 0.0502 0.063 0.0867 0.1087 0.1035 0.1081 Retail Multi-Family Office Industrial Land Other Hospitality Income CRE by balances 0.24 0.19 0.15 0.12 0.11 0.11 0.08 Other 11% Land 11% Industrial 12% Hospitality 8% Retail 24% Multi-Family 19% Office 15% Portfolio Characteristics Performance Collateral Type1 Loan Type1 1As of 3/31/10; NPLs as a percentage of each portfolio. Traditional commercial real estate construction and mini-permanent loans Balances of $1.7B at 3/31/10; 87% managed in Regional Banking Proactively managing problem projects and maturities to regulatory standards Net charge-offs down $9mm linked quarter to $19mm Reserves of 8.6% at 3/31/10 Stabilizing delinquency and NPL balances; portfolio grade deterioration slowing vs. 2009 Likely to remain at current stressed performance levels into 2011

1Q09 2Q09 3Q09 4Q09 1Q10 30+ Delq. 0.0153 0.0082 0.0125 0.0096 0.0102 NPLs/Total Loans 0.0135 0.0152 0.0213 0.019 0.0286 Net Charge-Offs (Ann.) 0.0155 0.0143 0.0248 0.0121 0.0167 NPLs/Total Loans without TRUPs/Bank Related 0 0 0 0 0.0186 C&I Portfolio: Core Stable; TRUPS, Bank-Related Loans Stressed All Other C&I TRUPs Bank-Related Correspondent Banking Property Type 0.79 0.07 0.03 0.11 All Other C&I 79% TRUPs 7% Consolidated C&I Portfolio TRUPS and Bank-Related Loans Bank Related Loans 3% Other Correspondent Banking 11% NPLs/Total Loans of 2.04% without TRUPs and Bank Related loans $6.9B portfolio, diversified by industry, managed in Regional Bank Performance impacted disproportionately by TRUPs and bank-related loans $28mm 1Q10 net charge-offs: $19mm of bank-related/TRUPs losses, $9mm other C&I losses $21mm 4Q09 net charge-offs: no bank-related/TRUPs losses, $21mm other C&I losses NPLs up $60mm linked quarter Approximately half are TRUPs and bank-related - expected continued deterioration Approximately half are other C&I Not viewed as a trend and counter to other positive portfolio indicators Improving weighted average risk grade, improving watch list levels/trends, increased upgrade activity Increasing number of non-accrual loans remain current on payment obligations C&I consolidated reserves of 4.28% at 3/31/10

C&I Portfolio: TRUPS & Bank-Related Loans 1Q10 TRUPs & Bank-Related Loans C&I w/o TRUPs & Bank-Related Loans Total C&I Portfolio PE Balances ($mm) $697 $6,160 $6,856 Reserves ($mm) $1201 $209 $293 Reserve Coverage 17.25%1 3.39% 4.28% NPL % 10.13% 2.04% 2.86% NCO %2 3.17% 1.49% 1.67% Impact of TRUPS and Bank-Related Loans 1Reserve Coverage includes $35.6 million of LOCOM on TRUPs. 2NCO% is QTD Annualized. $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 Significant management focus is directed at this portfolio - TRUPs and bank holding company loans are re-graded quarterly 17.25% reserve coverage on these portfolios

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 Jan 102 Feb Mar 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 0.0137 0.0132 0.0125 Non-Strategic 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 0.0318 0.032 0.0304 Industry 0.0328 0.0349 0.0347 0.0356 0.0368 0.0382 0.0394 0.0417 0.0431 0.0442 0.0486 Consumer Real Estate Portfolio 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Regional Banking 0.52 0.004 0.0064 0.0076 0.015 0.0081 0.0123 0.0105 0.0081 0.0083 0.0094 0.0068 Non-Strategic 0.74 0.0034 0.0062 0.0102 0.0191 0.017 0.021 0.0307 0.0421 0.0427 0.0408 0.0445 New Restricted3 0.0849 30+ Delinquency: Non-Strategic vs. Regional1 Net-Charge Offs4 Vintage Mix Industry1 = 13.57% Non-Strategic Portfolio Run-Off 1Source: McDash industry data as of January 2010. FHN data excludes FHB. 2Addition of restricted consumer real estate loan balances to B/S disproportionately increased delinquency beginning January 2010. 3Represents ~$200mm of new restricted; total restricted NCO % equals 4.78%. 4Net Charge-Offs are annualized. Delinquency, Run-Off, and Vintage Mix include $800.5mm of restricted real estate loans. 1Q09 2Q09 3Q09 4Q09 1Q10 Period End Balance 4265 4056 3883 3727 3591 Historical on B/S Securitizations 702 681 670 655 638 New Restricted 171 Constant Pre-Payment Rate 0.15 0.17 0.13 0.14 0.1592 $5.0B

96% Non-Strategic Portfolios: OTC, Perm Mortgage, & Res CRE 1Perm Mortgage reflects consolidated asset quality trends. $13.5mm of losses related to an acceleration of net charge-off recognition in 1Q10. One-Time Close Permanent Mortgage1 Non-Strategic Res CRE OTC balances down 54% from 4Q09 to $105mm Balances dispositioned via pay-off, modification to perm mortgage portfolio, or to ORE Reserves equal 23.5% of balances at 3/31/10 Perm mortgage portfolio 30 day del. trends improving NPLs up: loan modifications, protracted foreclosure processes Net charge-offs elevated in 1Q10 related to acceleration of loss recognition Reserves reduced: delinquency trends, model refinements Non-Strategic Res CRE balances down 21% 1Q10 to $269mm Decreasing NPL balances and net charge-offs Reserves of 8.6% at 1Q10 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 OTC Commitments 3.4 3 2.6 2 1.5 1.3 1 0.776 0.412 0.263 0.124 OTC Balances 2.2 2 1.8 1.5 1.2 0.981 0.773 0.558 0.362 0.229 0.105 Unfunded Commitments 1 0.8 0.5 0.3 0.3 0.23 0.218 0.06 0.034 0.022 $3.0B 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Perm Mortgage Balances 647 1004 1080 1127 1075 1082 1084 1059 1040 30+Del. 0.0636 0.0738 0.0694 0.1036 0.096 0.0817 0.0857 0.0633 Net Charge-Offs Ann. 0.663175 0.0115 0.0022 0.0057 0.0357 0.082 0.0644 0.0477 0.1071 $1.2B 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Res CRE Balances 1.432 1.4 1.1 0.927 0.78 0.682 0.579 0.477 0.34 0.269 Res CRE Commitments 0.9 2 1.6 0.4 0.7 0.3 0.1 0.1 0.09 0.04 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 0.6323 30+day Del. 0.0428 0.0662 0.0505 0.0319 0.1252 0.0487 0.0233 0.0219 0.0509 86% $2.5B

Credit Expectations and Risks Summary Numbers may not add due to rounding. 1Other includes OTC, Credit Card, Other, and Restricted Real Estate Loans. 4At 12/31/09. 2010 Outlook (assuming stable/improving economy): C&I portfolio should be stable/improving with the exception of TRUPs and bank-related loans, which will likely further deteriorate Income CRE trends likely to remain stressed but somewhat stable Quarter to quarter volatility is possible due to the average size of Income CRE and TRUPs/bank-related loans Non-Strategic CRE portfolios continue to wind down Home Equity losses should decrease in second half of 2010 OTC portfolio should be fully resolved 2010 net charge-offs and reserves should be lower than 2009 levels if current economic trends continue

Summary Earnings power within core franchise Regional Banking shows solid trends in net interest margin and core deposits Capital Markets' fixed income revenues remain strong; normalizing along with market conditions Proactive approach to credit quality reflected with lower provision expense, NPA decline and reserve decrease Non-Strategic segment's impact on results declined Capital and liquidity remain strong Positioned for revenue growth when economy improves On track to return to sustained profitability

Appendix

Segment Structure Reflects Strategic Focus FIRST HORIZON NATIONAL CORPORATION Capital Markets Regional Banking Commercial Business Banking PC/Wealth Management Corporate Banking CRE Retail (TN Origination) Correspondent Banking Fixed Income Other Products Corporate Corporate Functions Investment Portfolio Risk Management Non-Strategic National Consumer Lending Mortgage Servicing National Construction Lending Exited Businesses TRUPs Loans

Liquidity and Capital Remain Strong 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 4Q09 Peer Median Tier 1 Common 0.0623 0.0629 0.085 0.0885 0.0896 0.0884 0.0897 0.0988 0.0988 0.0991 0.0785 9.9% 9.9% 9.9% 7.9% Continued core deposit growth Asset reductions and deposit growth offsetting debt maturities Repurchase of $96mm in debt and termination of related hedging relationships resulted in a $17.1mm gain Wholesale funding in non-credit sensitive sources Numbers may not add to total due to rounding. 1Peer median includes Top 50 banks at 4Q09. Tier 1 Common is a non-GAAP number, and a reconciliation is provided in the appendix. 2Excluding Securities Sold Repos, Trading Liabilities, and sub-debt and other collateralized borrowings of $4.0B. Liquidity Tier 1 Common Ratio1 Wholesale Funding2 - P/E Balances ($B) Capital Ratios1

Credit Quality Summary by Portfolio As of 3/31/10; numbers may not add to total due to rounding. Notable differences in the performance of the Regional Bank portfolios vs. the Non-Strategic portfolios Portfolio metrics in the national wind-down portfolios are becoming increasingly worse as wind-down enters final stages due to the combination of smaller balances and increasingly troubled exposures

Home Equity - Performance and Characteristics Portfolio Characteristics Geographic Distribution (%) 30+ Delinquency: Key Drivers >=740 720-739 700-719 660-699 <660 FICO Score (Origination) 0.0119 0.0236 0.034 0.038 0.05 FICO Score-Origination 50% % of portfolio 13% 13% 15% 8% Retail Wholesale Channel Mix 0.0203 0.0423 Channel 85% 15% % of portfolio 1st Lien 2nd Lien Lien Position 0.0164 0.0262 Lien Position 28% 72% % of portfolio TN 0.34 CA 0.15 GA 0.03 FL 0.03 Other 0.48 Core Banking Customers TN 34% Other 45% CA 15% FL 3 3 GA All charts and graphs include $800.5mm of restricted consumer real estate loans.

Individually Impaired Commercial Loans Classified non-accrual commercial loans over $1mm are individually assessed for impairment Collateral-dependent commercial loans are typically charged-down to net realizable value rather than holding reserves Prior quarters reflected a higher mix of collateral dependent loans; as Non-Strategic construction loans wind down, mix is shifting to more discounted cash flow-based loans 1At 3/31/10. Individually Impaired Commercial Loans with Reserves1 Individually Impaired Commercial Loans without Reserves1 Collateral Dependent Market Value C&I Income CRE Res CRE DCF 33 13 0 Collateral Dependent 42 137 173 Market Value 0 0 0 $75 $150 $173 $175M C&I Income CRE Res CRE DCF 83 16 47 Collateral Dependent 4 3 7 $87 $19 $54 $100M

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. Numbers may not add to total due to rounding.

Reconciliation to GAAP Financials 1Includes goodwill and other intangible assets, net of amortization. 2Current quarter is an estimate. Numbers may not add to total due to rounding. 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.