Exhibit 99.2

Selected Information Derived from First Horizon National Corporation’s First Quarter
2020 Financial Supplement

FHN CONSOLIDATED INCOME STATEMENT

Quarterly, Unaudited

																					1Q20 Changes vs.
(Dollars in thousands, except per share data)	1Q20				4Q19				3Q19				2Q19				1Q19				4Q19			1Q19
Interest income	$	378,368			$	404,142			$	407,494			$	412,089			$	400,615			(6	)	%	(6	)	%
Less: interest expense	75,566				92,749				106,818				108,479				106,107				(19	)	%	(29	)	%
Net interest income	302,802				311,393				300,676				303,610				294,508				(3	)	%	3		%
Provision/(provision credit) for loan losses (a)	145,000				10,000				15,000				13,000				9,000				NM			NM
Net interest income after provision for loan losses	157,802				301,393				285,676				290,610				285,508				(48	)	%	(45	)	%
Noninterest income:
Fixed income (b)	95,635				80,981				77,645				66,414				53,749				18		%	78		%
Deposit transactions and cash management	30,290				33,289				34,379				32,374				31,621				(9	)	%	(4	)	%
Brokerage, management fees and commissions	15,405				14,557				14,157				14,120				12,633				6		%	22		%
Trust services and investment management	7,195				7,434				7,163				7,888				7,026				(3	)	%	2		%
Bankcard income	7,253				7,984				7,017				6,355				6,952				(9	)	%	4		%
Bank-owned life insurance	4,589				5,255				4,427				5,126				4,402				(13	)	%	4		%
Securities gains/(losses), net	25				(3		)		97				49				31				NM			(19	)	%
Other (c)	14,364				33,810				26,850				25,667				24,631				(58	)	%	(42	)	%
Total noninterest income	174,756				183,307				171,735				157,993				141,045				(5	)	%	24		%
Adjusted gross income after provision for loan losses	332,558				484,700				457,411				448,603				426,553				(31	)	%	(22	)	%
Noninterest expense:
Employee compensation, incentives, and benefits (d) (e)	183,470				178,761				167,022				171,643				177,925				3		%	3		%
Legal fees (e)	1,823				2,709				4,854				6,486				2,831				(33	)	%	(36	)	%
Professional fees (e)	6,996				16,718				14,910				11,291				12,299				(58	)	%	(43	)	%
Occupancy (e)	19,563				19,972				18,887				20,719				20,693				(2	)	%	(5	)	%
Computer software	16,027				15,390				15,191				15,001				15,139				4		%	6		%
Contract employment and outsourcing	4,936				3,160				3,256				3,078				3,371				56		%	46		%
Operations services	11,692				11,171				11,634				11,713				11,488				5		%	2		%
Equipment rentals, depreciation, and maintenance	8,552				8,597				8,197				8,375				8,829				(1	)	%	(3	)	%
FDIC premium expense	6,742				5,806				5,564				4,247				4,273				16		%	58		%
Advertising and public relations (e)	7,456				14,897				6,646				5,574				7,242				(50	)	%	3		%
Communications and courier	5,528				5,597				5,650				7,380				6,453				(1	)	%	(14	)	%
Amortization of intangible assets	5,308				6,206				6,206				6,206				6,216				(14	)	%	(15	)	%
Other (c)	33,226				38,463				39,655				28,681				19,331				(14	)	%	72		%
Total noninterest expense	311,319				327,447				307,672				300,394				296,090				(5	)	%	5		%
Income before income taxes	21,239				157,253				149,739				148,209				130,463				(86	)	%	(84	)	%
Provision for income taxes	4,767				35,970				35,796				34,467				27,058				(87	)	%	(82	)	%
Net income/(loss)	16,472				121,283				113,943				113,742				103,405				(86	)	%	(84	)	%
Net income attributable to noncontrolling interest	2,852				2,910				2,883				2,852				2,820				(2	)	%	1		%
Net income/(loss) attributable to controlling interest	13,620				118,373				111,060				110,890				100,585				(88	)	%	(86	)	%
Preferred stock dividends	1,550				1,550				1,550				1,550				1,550				*			*
Net income/(loss) available to common shareholders	$	12,070			$	116,823			$	109,510			$	109,340			$	99,035			(90	)	%	(88	)	%
Common Stock Data
EPS	$	0.04			$	0.38			$	0.35			$	0.35			$	0.31			(89	)	%	(87	)	%
Basic shares (thousands)	311,597				311,250				311,888				314,063				317,435				*			(2	)	%
Diluted EPS	$	0.04			$	0.37			$	0.35			$	0.35			$	0.31			(89	)	%	(87	)	%
Diluted shares (thousands)	313,170				313,353				313,805				315,786				319,581				*			(2	)	%
Key Ratios & Other
Return on average assets (annualized) (f)	0.15		%		1.12		%		1.08		%		1.11		%		1.03		%
Return on average common equity (“ROCE”) (annualized) (f)	1.05		%		9.97		%		9.50		%		9.79		%		9.09		%
Fee income to total revenue (f)	36.59		%		37.05		%		36.34		%		34.22		%		32.38		%
Efficiency ratio (f)	65.19		%		66.19		%		65.14		%		65.08		%		67.99		%
Average full time equivalent employees	4,969				5,005				5,116				5,287				5,524

NM - Not meaningful

* Amount is less than one percent.

(a)	1Q20 increase in provision expense primarily associated with a sudden, steep decline in the economic forecast attributable to the COVID-19 pandemic.
(b)	2Q19 includes $1.1 million of gains from the reversal of previous valuation adjustments due to the sales and payoff of TRUPS loans.
(c)	Refer to the Other Income and Other Expense table on page for additional information.
(d)	1Q20 and 4Q19 include $(10.3) million and $3.9 million, respectively, of deferred compensation expense.
(e)	Refer to the Acquisition, Restructuring, and Rebranding expense tables on page 3 for additional information about variability in quarterly balances.
(f)	See Glossary of Terms for definitions of Key Ratios.

1

FHN OTHER INCOME AND OTHER EXPENSE

Quarterly, Unaudited

																						1Q20 Changes vs.
(Thousands)		1Q20				4Q19				3Q19				2Q19				1Q19				4Q19			1Q19
Other Income
ATM and interchange fees		$	4,212			$	4,529			$	4,507			$	4,262			$	3,241			(7	)	%	30		%
Dividend income		1,130				1,508				1,556				1,809				2,313				(25	)	%	(51	)	%
Electronic banking fees		1,030				1,101				1,288				1,267				1,271				(6	)	%	(19	)	%
Letter of credit fees		1,462				1,561				1,400				1,253				1,368				(6	)	%	7		%
Mortgage banking		2,431				3,578				2,019				2,572				1,886				(32	)	%	29		%
Deferred compensation (a)		(9,507		)		3,339				472				1,938				5,474				NM			NM
Insurance commissions		789				358				577				566				624				NM			26		%
Other service charges		5,219				5,755				5,738				5,624				3,869				(9	)	%	35		%
Gain/(loss) on extinguishment of debt		-				65				(6		)		-				(1		)		NM			NM
Other (b)		7,598				12,016				9,299				6,376				4,586				(37	)	%	66		%
Total		$	14,364			$	33,810			$	26,850			$	25,667			$	24,631			(58	)	%	(42	)	%
Other Expense
Litigation and regulatory matters		$	13			$	(394	)		$	11,534			$	(8,230	)		$	13			NM			*
Tax credit investments		346				460				407				267				675				(25	)	%	(49	)	%
Travel and entertainment		2,709				3,652				2,849				2,906				2,712				(26	)	%	*
Employee training and dues		1,341				1,430				1,003				1,251				1,457				(6	)	%	(8	)	%
Customer relations (c)		2,004				2,794				3,165				1,540				1,599				(28	)	%	25		%
Miscellaneous loan costs		1,094				1,227				1,017				857				1,027				(11	)	%	7		%
Supplies		2,411				2,104				1,668				1,342				1,804				15		%	34		%
OREO		(184		)		1,478				342				25				(366		)		NM			50		%
Other insurance and taxes		2,679				2,515				2,475				2,495				2,694				7		%	(1	)	%
Non-service components of net periodic pension and post retirement cost		2,508				327				986				559				432				NM			NM
Expense/(Credit) on unfunded commitments (d)		9,230				(790		)		(634		)		(489		)		396				NM			NM
Other (e)		9,075				23,660				14,843				26,158				6,888				(62	)	%	32		%
Total		$	33,226			$	38,463			$	39,655			$	28,681			$	19,331			(14	)	%	72		%

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

NM - Not meaningful

* Amount is less than one percent.

(a)	Amounts driven by market conditions and are mirrored by changes in deferred compensation expense which is included in employee compensation expense; 1Q20 decrease driven by equity market valuations.
(b)	Increase beginning in 2Q19 due in large part to higher fees from derivative sales; 4Q19 and 3Q19 include an increase in collections from CBF loans charged off prior to acquisition, under ASU 2016-13 (CECL) these collections are no longer recognized as part of fee income, but are accounted for as reductions of provision; 3Q19 includes $1.0 million of gains on the sales of buildings.
(c)	3Q19 increase driven by higher business development costs.
(d)	1Q20 increase largely associated with a sudden, steep decline in the economic forecast attributable to the COVID-19 pandemic.
(e)	4Q19 includes $11.0 million of charitable contributions; 3Q19 includes $4.0 million of valuation adjustments associated with derivatives related to prior sales of Visa Class B shares; Refer to the Acquisition, Restructuring, and Rebranding expense tables on page 3 for additional information about variability in quarterly balances.

2

ACQUISITION EXPENSE

Quarterly, Unaudited

									1Q20 Changes vs.
IBKC ACQUISITION EXPENSE	1Q20				4Q19				4Q19
(Thousands)
Legal and professional fees (a)	$	662			$	8,228			(92	)	%
Employee compensation, incentives, and benefits (b)	689				3,079				(78	)	%
Miscellaneous expense (e)	254				64				NM
Total IBKC acquisition expense	$	1,605			$	11,371			(86	)	%

																					1Q20 Changes vs.
OTHER ACQUISITION EXPENSE	1Q20				4Q19				3Q19				2Q19				1Q19				4Q19			1Q19
(Thousands)
Legal and professional fees (a)	$	799			$	1,494			$	3,507			$	4,478			$	1,867			(47	)	%	(57	)	%
Employee compensation, incentives, and benefits (b)	396				1,035				1,473				1,472				1,517				(62	)	%	(74	)	%
Occupancy (c)	(25		)		(94		)		(76		)		1,505				118				73		%	NM
Contract employment and outsourcing (d)	306				35				223				17				-				NM			NM
Miscellaneous expense (e)	822				217				1,022				79				1,069				NM			(23	)	%
All other expense (f)	1,874				1,638				2,840				1,096				1,089				14		%	72		%
Total other acquisition expense	$	4,172			$	4,325			$	8,989			$	8,647			$	5,660			(4	)	%	(26	)	%

NM - Not meaningful

(a)	Primarily comprised of fees for legal, accounting, and merger consultants.
(b)	Primarily comprised of fees for severance and retention.
(c)	Primarily relates to fees associated with lease exit accruals.
(d)	Primarily relates to fees for temporary assistance for merger and integration activities.
(e)	Consists of fees for operations services, communications and courier, equipment rentals, deprecation and maintenance, supplies, travel and entertainment, computer software, and advertising and public relations.
(f)	Primarily relates to contract termination charges, internal technology development costs, costs of shareholder matters and asset impairments, as well as other miscellaneous expenses.

RESTRUCTURING EXPENSE

Quarterly, Unaudited

																	1Q20 Changes vs.
	1Q20				4Q19				3Q19				2Q19		1Q19		4Q19			1Q19
(Thousands)
Legal and professional fees	$	7			$	989			$	6,488			$4,242		$4,295		(99	)	%	NM
Employee compensation, incentives, and benefits	57				259				1,182				2,557		6,505		(78	)	%	(99	)	%
Occupancy	2				57				(128		)		72		817		(96	)	%	NM
All other expense (a)	(103		)		(148		)		300				11,797		535		30		%	NM
Total restructuring expense	$	(37	)		$	1,157			$	7,842			$18,668		$12,152		NM			NM

NM - Not meaningful

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

REBRANDING EXPENSE

Quarterly, Unaudited

																	1Q20 Changes vs.
	1Q20				4Q19				3Q19				2Q19				4Q19
(Thousands)
Legal and professional fees	$	265			$	1,016			$	879			$	882			(74	)	%
Advertising and public relations	116				6,360				663				423				(98	)	%
Supplies	53				862				105				325				(94	)	%
Miscellaneous expense	92				315				145				38				(71	)	%
All other expense (a)	5				561				1,322				7,406				(99	)	%
Total rebranding expense	$	531			$	9,114			$	3,114			$	9,074			(94	)	%

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

3

FHN CONSOLIDATED PERIOD-END BALANCE SHEET

Quarterly, Unaudited

																					1Q20 Changes vs.
(Thousands)	1Q20				4Q19				3Q19				2Q19				1Q19				4Q19			1Q19
Assets:
Investment securities	$	4,554,907			$	4,455,403			$	4,425,845			$	4,425,609			$	4,626,322			2		%	(2	)	%
Loans held-for-sale (a)	595,601				593,790				554,843				447,106				594,662				*			*
Loans, net of unearned income	33,378,303				31,061,111				31,260,833				29,712,810				27,990,048				7		%	19		%
Federal funds sold	30,050				46,536				48,747				50,705				167,602				(35	)	%	(82	)	%
Securities purchased under agreements to resell	562,435				586,629				697,214				602,919				474,679				(4	)	%	18		%
Interest-bearing cash (b)	670,525				482,405				364,412				593,180				1,013,254				39		%	(34	)	%
Trading securities	1,877,514				1,346,207				1,395,043				1,668,942				1,681,727				39		%	12		%
Total earning assets	41,669,335				38,572,081				38,746,937				37,501,271				36,548,294				8		%	14		%
Cash and due from banks	537,564				633,728				749,719				596,081				570,589				(15	)	%	(6	)	%
Fixed income receivables (c)	180,569				40,114				209,732				147,574				46,782				NM			NM
Goodwill	1,432,787				1,432,787				1,432,787				1,432,787				1,432,787				*			*
Other intangible assets, net	124,892				130,200				136,406				142,612				148,818				(4	)	%	(16	)	%
Premises and equipment, net	447,812				455,006				451,600				454,271				484,494				(2	)	%	(8	)	%
Other real estate owned (“OREO”)	15,837				17,838				20,181				19,286				23,396				(11	)	%	(32	)	%
Allowance for loan losses (d)	(444,490		)		(200,307		)		(193,149		)		(192,749		)		(184,911		)		NM			NM
Derivative assets	696,250				183,115				250,786				185,521				118,128				NM			NM
Other assets	2,536,822				2,046,338				1,912,685				1,885,116				1,910,626				24		%	33		%
Total assets	$	47,197,378			$	43,310,900			$	43,717,684			$	42,171,770			$	41,099,003			9		%	15		%
Liabilities and Equity:
Deposits:
Consumer interest	$	13,813,999			$	13,866,920			$	13,670,204			$	13,705,969			$	13,707,310			*			1		%
Commercial interest	5,867,755				6,153,075				6,211,539				6,660,056				6,729,999				(5	)	%	(13	)	%
Market-indexed (e)	5,798,088				3,980,589				3,794,105				3,855,545				4,062,531				46		%	43		%
Total interest-bearing deposits	25,479,842				24,000,584				23,675,848				24,221,570				24,499,840				6		%	4		%
Noninterest-bearing deposits	8,939,808				8,428,951				8,268,812				8,086,748				7,963,048				6		%	12		%
Total deposits	34,419,650				32,429,535				31,944,660				32,308,318				32,462,888				6		%	6		%
Federal funds purchased	476,013				548,344				936,837				666,007				339,360				(13	)	%	40		%
Securities sold under agreements to repurchase	788,595				716,925				735,226				764,308				745,788				10		%	6		%
Trading liabilities	452,611				505,581				719,777				558,347				429,669				(10	)	%	5		%
Other short-term borrowings (f)	4,060,673				2,253,045				2,276,139				865,347				140,832				80		%	NM
Term borrowings (g)	792,751				791,368				1,195,096				1,186,646				1,177,926				*			(33	)	%
Fixed income payables (c)	91,274				49,535				66,842				66,369				100,290				84		%	(9	)	%
Derivative liabilities	234,984				67,480				83,530				88,485				107,123				NM			NM
Other liabilities	825,247				873,079				763,534				741,862				748,606				(5	)	%	10		%
Total liabilities	42,141,798				38,234,892				38,721,641				37,245,689				36,252,482				10		%	16		%
Equity:
Common stock	194,914				194,668				194,487				195,299				197,101				*			(1	)	%
Capital surplus	2,938,670				2,931,451				2,925,309				2,941,696				2,983,948				*			(2	)	%
Undivided profits (h)	1,667,105				1,798,442				1,725,846				1,660,520				1,595,568				(7	)	%	4		%
Accumulated other comprehensive loss, net	(136,164		)		(239,608		)		(240,654		)		(262,489		)		(321,151		)		(43	)	%	(58	)	%
Preferred stock	95,624				95,624				95,624				95,624				95,624				*			*
Noncontrolling interest (i)	295,431				295,431				295,431				295,431				295,431				*			*
Total equity	5,055,580				5,076,008				4,996,043				4,926,081				4,846,521				*			4		%
Total liabilities and equity	$	47,197,378			$	43,310,900			$	43,717,684			$	42,171,770			$	41,099,003			9		%	15		%

NM - Not meaningful

*Amount is less than one percent.

(a)	1Q20 includes $494.8 million of SBA and USDA loans, $95.9 million of mortgage loans, and $4.9 million of other consumer loans.
(b)	Includes excess balances held at Fed.
(c)	Period-end balances fluctuate based on the level of pending unsettled trades.
(d)	Effective 1/1/2020 FHN adopted ASU 2016-13, “Measurement of Credit Losses on Financial Instruments,” (CECL) which resulted in an increase to the allowance for loan losses of $103.4 million; the remaining 1Q20 increase reflects increased reserves established in 1Q20 associated with a sudden, steep decline in the economic forecast attributable to the COVID-19 pandemic.
(e)	Market-indexed deposits are tied to an index not administered by FHN and are comprised of insured network deposits, correspondent banking deposits, and trust/sweep deposits; 1Q20 increase used to support commercial loan growth, including loans to mortgage companies.
(f)	Balance fluctuates largely based on the level of FHLB borrowings as a result of loan demand and deposit levels; 1Q20 increase used to support commercial loan growth, including loans to mortgage companies.
(g)	In 4Q19 $400 million of First Horizon Bank senior capital notes matured.
(h)	Effective 1/1/2020 FHN adopted ASU 2016-13 (CECL) which resulted in a net decrease to undivided profits of $96.1 million.
(i)	Consists of preferred stock of subsidiaries.

4

FHN CONSOLIDATED AVERAGE BALANCE SHEET

Quarterly, Unaudited

																					1Q20 Changes vs.
(Thousands)	1Q20				4Q19				3Q19				2Q19				1Q19				4Q19			1Q19
Assets:
Earning assets:
Loans, net of unearned income:
Commercial, financial, and industrial (C&I) (a)	$	19,469,572			$	19,739,937			$	18,965,829			$	17,952,866			$	16,428,088			(1	)	%	19		%
Commercial real estate (a)	4,421,913				4,263,597				4,269,425				3,910,466				3,959,592				4		%	12		%
Consumer real estate (b)	6,134,390				6,194,134				6,283,488				6,310,039				6,410,184				(1	)	%	(4	)	%
Credit card and other	498,290				508,651				497,646				498,790				515,436				(2	)	%	(3	)	%
Total loans, net of unearned income (c)	30,524,165				30,706,319				30,016,388				28,672,161				27,313,300				(1	)	%	12		%
Loans held-for-sale (d)	590,458				581,810				455,239				606,685				670,401				1		%	(12	)	%
Investment securities:
U.S. treasuries	100				100				100				99				99				*			1		%
U.S. government agencies	4,330,905				4,327,651				4,289,719				4,461,712				4,494,814				*			(4	)	%
States and municipalities	64,668				54,146				49,025				41,911				33,400				19		%	94		%
Corporate bonds	50,570				50,493				50,414				64,720				65,194				*			(22	)	%
Other	20,409				15,933				18,837				14,609				10,249				28		%	99		%
Total investment securities	4,466,652				4,448,323				4,408,095				4,583,051				4,603,756				*			(3	)	%
Trading securities	1,831,492				1,263,633				1,391,405				1,564,201				1,443,969				45		%	27		%
Other earning assets:
Federal funds sold	10,192				9,700				21,225				47,664				113,043				5		%	(91	)	%
Securities purchased under agreements to resell	816,794				645,979				550,641				593,412				428,687				26		%	91		%
Interest-bearing cash (e)	548,036				586,495				545,784				648,927				1,717,696				(7	)	%	(68	)	%
Total other earning assets	1,375,022				1,242,174				1,117,650				1,290,003				2,259,426				11		%	(39	)	%
Total earning assets	38,787,789				38,242,259				37,388,777				36,716,101				36,290,852				1		%	7		%
Allowance for loan losses (f)	(353,794		)		(195,863		)		(196,586		)		(188,243		)		(182,332		)		81		%	94		%
Cash and due from banks	609,701				609,750				596,323				590,622				610,470				*			*
Fixed income receivables	111,474				75,917				75,938				64,958				55,393				47		%	NM
Premises and equipment, net	450,931				450,950				451,567				478,607				485,462				*			(7	)	%
Derivative assets	254,736				202,624				160,341				83,050				55,288				26		%	NM
Other assets	3,691,075				3,500,153				3,464,541				3,497,912				3,568,059				5		%	3		%
Total assets	$	43,551,912			$	42,885,790			$	41,940,901			$	41,243,007			$	40,883,192			2		%	7		%
Liabilities and equity:
Interest-bearing liabilities:
Interest-bearing deposits:
Consumer interest	$	13,760,968			$	13,718,820			$	13,670,745			$	13,597,195			$	13,390,692			*			3		%
Commercial interest	6,006,364				6,145,681				6,321,835				6,599,793				6,577,476				(2	)	%	(9	)	%
Market-indexed (g)	4,448,587				4,370,025				4,143,012				3,818,949				4,734,295				2		%	(6	)	%
Total interest-bearing deposits	24,215,919				24,234,526				24,135,592				24,015,937				24,702,463				*			(2	)	%
Federal funds purchased	746,686				1,163,701				886,445				519,497				370,868				(36	)	%	NM
Securities sold under agreements to repurchase	777,692				701,213				722,815				691,490				688,765				11		%	13		%
Trading liabilities	750,520				585,889				501,203				548,653				375,169				28		%	NM
Other short-term borrowings (h)	1,686,690				844,558				535,585				650,387				114,474				NM			NM
Term borrowings (i)	791,043				928,214				1,185,853				1,183,205				1,172,618				(15	)	%	(33	)	%
Total interest-bearing liabilities	28,968,550				28,458,101				27,967,493				27,609,169				27,424,357				2		%	6		%
Noninterest-bearing deposits	8,666,087				8,542,521				8,235,806				7,947,607				7,795,015				1		%	11		%
Fixed income payables	54,900				34,510				33,059				25,579				21,978				59		%	NM
Derivative liabilities	16,171				59,114				19,632				61,715				94,943				(73	)	%	(83	)	%
Other liabilities	843,810				751,676				722,570				729,776				737,664				12		%	14		%
Total liabilities	38,549,518				37,845,922				36,978,560				36,373,846				36,073,957				2		%	7		%
Equity:
Common stock	194,827				194,574				194,930				196,319				198,460				*			(2	)	%
Capital surplus	2,935,372				2,928,463				2,934,276				2,964,824				3,015,017				*			(3	)	%
Undivided profits (j)	1,686,986				1,766,211				1,695,417				1,629,474				1,572,177				(4	)	%	7		%
Accumulated other comprehensive loss, net	(205,846		)		(240,435		)		(253,337		)		(312,511		)		(367,474		)		(14	)	%	44		%
Preferred stock	95,624				95,624				95,624				95,624				95,624				*			*
Noncontrolling interest (k)	295,431				295,431				295,431				295,431				295,431				*			*
Total equity	5,002,394				5,039,868				4,962,341				4,869,161				4,809,235				(1	)	%	4		%
Total liabilities and equity	$	43,551,912			$	42,885,790			$	41,940,901			$	41,243,007			$	40,883,192			2		%	7		%

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

NM - Not meaningful

*Amount is less than one percent.

(a)	In 3Q19, FHN prospectively reclassified approximately $410 million of regional banking market investor CRE loans from the C&I portfolio to the CRE portfolio. The reclassification did not have an impact on FHN’s consolidated balance sheet and the impact to the consolidated financial statements from the effect on the allowance for loan losses is immaterial.
(b)	In 1Q20, the Permanent Mortgage portfolio was combined into Consumer Real Estate portfolio, all prior periods were revised for comparability.
(c)	Includes loans on nonaccrual status.
(d)	1Q20 includes $491.3 million of SBA and USDA loans, $94.1 million of mortgage loans, and $5.1 million of other consumer loans.
(e)	Includes excess balances held at Fed.
(f)	Effective 1/1/2020 FHN adopted ASU 2016-13, “Measurement of Credit Losses on Financial Instruments,” (CECL) which resulted in an increase to the allowance for loan losses of $103.4 million.
(g)	Market-indexed deposits are tied to an index not administered by FHN and are comprised of insured network deposits, correspondent banking deposits, and trust/sweep deposits.
(h)	Balance fluctuates largely based on the level of FHLB borrowings as a result of loan demand and deposit levels; 1Q20 increase used to support commercial loan growth, including loans to mortgage companies.
(i)	In 4Q19 $400 million of First Horizon Bank senior capital notes matured.
(j)	Effective 1/1/2020 FHN adopted ASU 2016-13 (CECL) which resulted in a net decrease to undivided profits of $96.1 million.
(k)	Consists of preferred stock of subsidiaries.

5

FHN CONSOLIDATED NET INTEREST INCOME (a)

Quarterly, Unaudited

																					1Q20 Changes vs.
(Thousands)	1Q20				4Q19				3Q19				2Q19				1Q19				4Q19			1Q19
Interest Income:
Loans, net of unearned income (b)	$	328,526			$	356,176			$	357,724			$	354,067			$	334,167			(8	)	%	(2	)	%
Loans held-for-sale	6,899				7,053				6,069				8,128				9,877				(2	)	%	(30	)	%
Investment securities:
U.S. government agencies	25,127				26,500				26,322				29,075				30,107				(5	)	%	(17	)	%
States and municipalities	542				478				431				347				362				13		%	50		%
Corporate bonds	591				595				593				713				712				(1	)	%	(17	)	%
Other	1,732				1,352				1,634				1,278				895				28		%	94		%
Total investment securities	27,992				28,925				28,980				31,413				32,076				(3	)	%	(13	)	%
Trading securities	13,338				9,507				10,645				13,332				13,712				40		%	(3	)	%
Other earning assets:
Federal funds sold	27				51				141				326				733				(47	)	%	(96	)	%
Securities purchased under agreements to resell	2,303				2,467				2,800				3,301				2,336				(7	)	%	(1	)	%
Interest-bearing cash	1,536				2,359				2,700				3,689				10,209				(35	)	%	(85	)	%
Total other earning assets	3,866				4,877				5,641				7,316				13,278				(21	)	%	(71	)	%
Interest income	$	380,621			$	406,538			$	409,059			$	414,256			$	403,110			(6	)	%	(6	)	%
Interest Expense:
Interest-bearing deposits:
Consumer interest	$	18,337			$	22,957			$	26,670			$	25,666			$	24,641			(20	)	%	(26	)	%
Commercial interest	19,061				24,366				28,112				29,927				28,153				(22	)	%	(32	)	%
Market-indexed (c)	17,091				20,090				23,809				23,409				29,416				(15	)	%	(42	)	%
Total interest-bearing deposits	54,489				67,413				78,591				79,002				82,210				(19	)	%	(34	)	%
Federal funds purchased	2,214				5,026				4,898				3,142				2,287				(56	)	%	(3	)	%
Securities sold under agreements to repurchase	2,623				2,843				3,301				3,580				3,496				(8	)	%	(25	)	%
Trading liabilities	3,292				2,987				2,943				3,756				2,816				10		%	17		%
Other short-term borrowings	5,027				3,989				3,333				4,316				961				26		%	NM
Term borrowings (d)	7,921				10,491				13,752				14,683				14,337				(24	)	%	(45	)	%
Interest expense	75,566				92,749				106,818				108,479				106,107				(19	)	%	(29	)	%
Net interest income - tax equivalent basis	305,055				313,789				302,241				305,777				297,003				(3	)	%	3		%
Fully taxable equivalent adjustment	(2,253		)		(2,396		)		(1,565		)		(2,167		)		(2,495		)		6		%	10		%
Net interest income	$	302,802			$	311,393			$	300,676			$	303,610			$	294,508			(3	)	%	3		%

NM - Not meaningful

(a)	Net interest income adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 21 percent and, where applicable, state income taxes.
(b)	Includes interest on loans in nonaccrual status.
(c)	Market-indexed deposits are tied to an index not administered by FHN and are comprised of insured network deposits, correspondent banking deposits, and trust/sweep deposits.
(d)	In 4Q19 $400 million of First Horizon Bank senior capital notes matured.

6

FHN CAPITAL HIGHLIGHTS

Quarterly, Unaudited

																					1Q20 Changes vs.
(Dollars and shares in thousands)	1Q20				4Q19				3Q19				2Q19				1Q19				4Q19			1Q19
Common equity tier 1 capital (a) (b) (c)	$	3,421,763			$	3,408,936			$	3,326,059			$	3,270,484			$	3,239,249			*			6		%
Tier 1 capital (a) (b) (c)	3,812,203				3,760,450				3,679,158				3,620,001				3,583,577				1		%	6		%
Total capital (a) (c)	4,319,384				4,154,885				4,065,306				4,009,116				3,963,901				4		%	9		%
Risk-weighted assets (“RWA”) (a) (b) (d)	40,169,550				37,045,782				36,913,347				35,341,740				33,656,950				8		%	19		%
Average assets for leverage (a) (b)	42,348,418				41,583,446				40,660,442				40,022,187				39,717,387				2		%	7		%
Common equity tier 1 ratio (a) (b) (c)	8.52			%	9.20			%	9.01			%	9.25			%	9.62			%
Tier 1 ratio (a) (b) (c)	9.49			%	10.15			%	9.97			%	10.24			%	10.65			%
Total capital ratio (a) (c)	10.75			%	11.22			%	11.01			%	11.34			%	11.78			%
Leverage ratio (a) (b) (c)	9.00			%	9.04			%	9.05			%	9.04			%	9.02			%
Total equity to total assets (c)	10.71			%	11.72			%	11.43			%	11.68			%	11.79			%
Period-end shares outstanding (e)	311,863				311,469				311,180				312,478				315,361				*			(1	)	%
Cash dividends declared per common share	$	0.15			$	0.14			$	0.14			$	0.14			$	0.14			7		%	7		%
Book value per common share (c)	$	14.96			$	15.04			$	14.80			$	14.51			$	14.13
Market capitalization (millions) (f)	$	2,513.6			$	5,157.9			$	5,041.1			$	4,665.3			$	4,408.7

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

* Amount is less than one percent.

(a)	Current quarter is an estimate.
(b)	See Glossary of Terms for definition.
(c)	1Q20 includes the impact of CECL adoption; amount calculated under the interim final rule to delay the effects of CECL on regulatory capital for two years, followed by a three-year transition period.
(d)	1Q20 increase in risk-weighted assets due to period-end commercial loan growth (primarily loans to mortgage companies), higher draw activity in March, and increased market risk assets for Fixed Income.
(e)	Decreases largely attributable to shares repurchased under share repurchase programs.
(f)	1Q20 decrease driven by a sharp decline in FHN’s share price attributable to market uncertainty associated with the COVID-19 pandemic.

7

FHN BUSINESS SEGMENT HIGHLIGHTS

Quarterly, Unaudited

																					1Q20 Changes vs.
(Thousands)	1Q20				4Q19				3Q19				2Q19				1Q19				4Q19			1Q19
Regional Banking
Net interest income	$	300,128			$	310,808			$	302,483			$	297,449			$	286,023			(3	)	%	5		%
Noninterest income	81,871				89,553				85,776				81,474				73,029				(9	)	%	12		%
Total revenues	381,999				400,361				388,259				378,923				359,052				(5	)	%	6		%
Provision for loan losses (a)	145,435				14,370				20,471				17,776				13,442				NM			NM
Noninterest expense (b)	211,013				202,124				192,427				192,354				198,569				4		%	6		%
Income before income taxes	25,551				183,867				175,361				168,793				147,041				(86	)	%	(83	)	%
Provision for income taxes	4,388				43,285				41,984				39,759				34,109				(90	)	%	(87	)	%
Net income	$	21,163			$	140,582			$	133,377			$	129,034			$	112,932			(85	)	%	(81	)	%
Fixed Income
Net interest income	$	10,914			$	7,232			$	5,311			$	6,171			$	7,332			51		%	49		%
Noninterest income (c)	95,723				81,185				77,809				65,622				53,807				18		%	78		%
Total revenues	106,637				88,417				83,120				71,793				61,139				21		%	74		%
Noninterest expense (d)	81,063				62,090				67,576				55,534				50,533				31		%	60		%
Income before income taxes	25,574				26,327				15,544				16,259				10,606				(3	)	%	NM
Provision/(benefit) for income taxes	6,099				6,362				3,708				3,840				2,457				(4	)	%	NM
Net income	$	19,475			$	19,965			$	11,836			$	12,419			$	8,149			(2	)	%	NM
Corporate
Net interest income/(expense)	$	(13,359	)		$	(12,826	)		$	(13,339	)		$	(7,146	)		$	(7,914	)		(4	)	%	(69	)	%
Noninterest income	(3,718		)		11,246				7,359				9,401				13,353				NM			NM
Total revenues	(17,077		)		(1,580		)		(5,980		)		2,255				5,439				NM			NM
Noninterest expense (e)	15,449				59,210				43,217				56,873				41,779				(74	)	%	(63	)	%
Income/(loss) before income taxes	(32,526		)		(60,790		)		(49,197		)		(54,618		)		(36,340		)		46		%	10		%
Provision/ (benefit) for income taxes	(6,372		)		(15,616		)		(11,881		)		(13,525		)		(11,771		)		59		%	46		%
Net income/(loss)	$	(26,154	)		$	(45,174	)		$	(37,316	)		$	(41,093	)		$	(24,569	)		42		%	(6	)	%
Non-Strategic
Net interest income	$	5,119			$	6,179			$	6,221			$	7,136			$	9,067			(17	)	%	(44	)	%
Noninterest income (f)	880				1,323				791				1,496				856				(33	)	%	3		%
Total revenues	5,999				7,502				7,012				8,632				9,923				(20	)	%	(40	)	%
Provision/(provision credit) for loan losses (a)	(435		)		(4,370		)		(5,471		)		(4,776		)		(4,442		)		90		%	90		%
Noninterest expense (g)	3,794				4,023				4,452				(4,367		)		5,209				(6	)	%	(27	)	%
Income before income taxes	2,640				7,849				8,031				17,775				9,156				(66	)	%	(71	)	%
Provision for income taxes	652				1,939				1,985				4,393				2,263				(66	)	%	(71	)	%
Net income	$	1,988			$	5,910			$	6,046			$	13,382			$	6,893			(66	)	%	(71	)	%
Total Consolidated
Net interest income	$	302,802			$	311,393			$	300,676			$	303,610			$	294,508			(3	)	%	3		%
Noninterest income	174,756				183,307				171,735				157,993				141,045				(5	)	%	24		%
Total revenues	477,558				494,700				472,411				461,603				435,553				(3	)	%	10		%
Provision/(provision credit) for loan losses (a)	145,000				10,000				15,000				13,000				9,000				NM			NM
Noninterest expense	311,319				327,447				307,672				300,394				296,090				(5	)	%	5		%
Income before income taxes	21,239				157,253				149,739				148,209				130,463				(86	)	%	(84	)	%
Provision for income taxes	4,767				35,970				35,796				34,467				27,058				(87	)	%	(82	)	%
Net income	$	16,472			$	121,283			$	113,943			$	113,742			$	103,405			(86	)	%	(84	)	%

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

NM - Not meaningful

* Amount is less than one percent.

(a)	1Q20 increase in provision expense primarily associated with a sudden, steep decline in the economic forecast attributable to the COVID-19 pandemic.
(b)	1Q20 includes a $9.1 million increase in the expense on unfunded commitments due to a sudden, steep decline in the economic forecast attributable to the COVID-19 pandemic.
(c)	1Q20 includes elevated levels of commissionable revenues, partially offset by elevated levels of trading losses driven by extreme volatility in March 2020.
(d)	3Q19 includes a $7.5 million unfavorable adjustment associated with the net impact of the resolution of legal matters.
(e)	Refer to the Acquisition, Restructuring, and Rebranding expense tables on page 3 for additional information about variability in quarterly balances; 4Q19 includes $11.0 million of charitable contributions; 3Q19 includes $4.0 million of valuation adjustments associated with derivatives related to prior sales of Visa Class B shares.
(f)	2Q19 includes $1.1 million of gains from the reversal of previous valuation adjustments due to the sales and payoff of TRUPS loans.
(g)	2Q19 includes an $8.3 million expense reversal related to the resolution of legal matters.

8

FHN ASSET QUALITY: CONSOLIDATED

Quarterly, Unaudited

																																1Q20 Changes vs.
(Dollars in thousands)		1Q20						4Q19						3Q19						2Q19						1Q19						4Q19		1Q19
Allowance for Loan Losses Walk-Forward
Beginning reserve		$	200,307					$	193,149					$	192,749					$	184,911					$	180,424					4%		11%
ASU Adoption 2016-13 (a)		106,394						-						-						-						-						NM		NM
Provision/(provision credit) for loan losses (a)		145,000						10,000						15,000						13,000						9,000						NM		NM
Charge-offs		(13,453				)		(11,646				)		(24,337				)		(12,223				)		(10,527				)		(16)%		(28)%
Recoveries		6,242						8,804						9,737						7,061						6,014						(29)%		4%
Ending balance		$	444,490					$	200,307					$	193,149					$	192,749					$	184,911					NM		NM
Reserve for unfunded commitments (b)		39,303						6,101						6,890						7,524						8,014						NM		NM
Total allowance for loan losses plus reserve for unfunded commitments		$	483,793					$	206,408					$	200,039					$	200,273					$	192,925					NM		NM
Allowance for Loan Losses (a) (c)
Regional Banking		$	413,552					$	182,730					$	174,246					$	170,849					$	160,914					NM		NM
Non-Strategic		30,938						17,577						18,903						21,900						23,997						76%		29%
Total allowance for loan losses		$	444,490					$	200,307					$	193,149					$	192,749					$	184,911					NM		NM
Nonperforming Assets
Regional Banking
Nonperforming loans (d)		$	142,916					$	113,187					$	118,506					$	145,265					$	115,977					26%		23%
OREO		10,278						12,347						13,408						13,251						16,698						(17)%		(38)%
Total Regional Banking		$	153,194					$	125,534					$	131,914					$	158,516					$	132,675					22%		15%
Non-Strategic
Nonperforming loans		$	45,595					$	47,651					$	52,346					$	57,654					$	63,960					(4)%		(29)%
Nonperforming loans held-for-sale after fair value adjustments		3,611						4,047						4,199						4,514						5,219						(11)%		(31)%
OREO		3,603						3,313						4,408						3,342						3,978						9%		(9)%
Total Non-Strategic		$	52,809					$	55,011					$	60,953					$	65,510					$	73,157					(4)%		(28)%
Corporate
Nonperforming loans		$	1,302					$	1,327					$	1,643					$	1,667					$	1,687					(2)%		(23)%
Total nonperforming assets		$	207,305					$	181,872					$	194,510					$	225,693					$	207,519					14%		*
Net Charge-Offs
Regional Banking		$	8,119					$	5,886					$	17,074					$	7,841					$	5,540					38%		47%
Non-Strategic		(908				)		(3,044				)		(2,474				)		(2,679				)		(1,027				)		70%		12%
Total net charge-offs/(recoveries)		$	7,211					$	2,842					$	14,600					$	5,162					$	4,513					NM		60%
Consolidated Key Ratios (e)
30+ Delinq. % (f)		0.19			%			0.19			%			0.23			%			0.20			%			0.23			%
NPL %		0.57						0.52						0.55						0.69						0.65
NPA %		0.61						0.57						0.61						0.74						0.72
Net charge-offs % (g)		0.10						0.04						0.19						0.07						0.07
Allowance / loans % (a)		1.33						0.64						0.62						0.65						0.66
Allowance / NPL (a)		2.34			x			1.24			x			1.12			x			0.94			x			1.02			x
Allowance / NPA (a)		2.18			x			1.13			x			1.01			x			0.87			x			0.91			x
Allowance / net charge-offs		15.33			x			17.76			x			3.33			x			9.31			x			10.10			x
Other
Loans past due 90 days or more and still accruing (h)		$	20,340					$	28,343					$	27,182					$	28,663					$	30,896					(28)%		(34)%
Guaranteed portion (h)		5,165						6,417						6,028						5,628						5,725						(20)%		(10)%
Period-end loans, net of unearned income (millions)		33,378						31,061						31,261						29,713						27,990						7%		19%
30+ delinquencies (thousands)		$	62,642					$	57,911					$	70,675					$	58,861					$	63,693					8%		(2)%

NM - Not meaningful

* Amount is less than one percent.

(a)	1Q20 increase in ALLL and allowance ratios is due to a sudden, steep decline in the economic forecast attributable to the COVID-19 pandemic and the adoption of CECL.
(b)	1Q20 increase is due to the adoption of CECL ($24.0 million) and a sudden, steep decline in the economic forecast attributable to the COVID-19 pandemic ($9.2 million).
(c)	In 2Q19, the Home Builder Finance (“HBF”) portfolio was retrospectively reclassified from the Regional Banking segment to the Non-Strategic segment.
(d)	3Q19 decrease in nonperforming loans was primarily driven by one mortgage warehouse lending relationship that converted to the underlying collateral.
(e)	See Glossary of Terms for definitions of Consolidated Key Ratios.
(f)	30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.
(g)	3Q19 increase in charge-offs as a percentage of loans was primarily driven by two credits.
(h)	Includes loans held-for-sale.

9

FHN ASSET QUALITY: CONSOLIDATED

Quarterly, Unaudited

																											1Q20 Changes vs.
		1Q20					4Q19					3Q19					2Q19					1Q19					4Q19		1Q19
Key Portfolio Details
C&I (a)
Period-end loans ($ millions)		$	22,124				$	20,051				$	20,294				$	19,054				$	17,176				10%		29%
30+ Delinq. % (b) (c)		0.08			%		0.05			%		0.11			%		0.05			%		0.07			%
NPL % (d)		0.43					0.37					0.38					0.56					0.44
Charge-offs % (qtr. annualized) (e)		0.12					0.07					0.32					0.14					0.06
Allowance / loans % (f)		1.15			%		0.61			%		0.56			%		0.61			%		0.60			%
Allowance / net charge-offs		10.88			x		9.25			x		1.87			x		4.77			x		11.26			x
Commercial Real Estate (a)
Period-end loans ($ millions)		$	4,640				$	4,337				$	4,229				$	3,861				$	3,947				7%		18%
30+ Delinq. % (b)		0.01			%		0.02			%		0.04			%		0.07			%		0.04			%
NPL %		0.05					0.04					0.05					0.07					0.07
Charge-offs % (qtr. annualized)		0.00					NM					0.02					0.02					0.04
Allowance / loans % (f)		1.03			%		0.83			%		0.84			%		0.85			%		0.87			%
Allowance / net charge-offs		NM					NM					47.70			x		39.25			x		22.50			x
Consumer Real Estate (g)
Period-end loans ($ millions)		$	6,119				$	6,177				$	6,245				$	6,303				$	6,361				(1)%		(4)%
30+ Delinq. % (b) (h)		0.66			%		0.70			%		0.68			%		0.66			%		0.70			%
NPL %		1.49					1.39					1.50					1.50					1.63
Charge-offs % (qtr. annualized)		NM					NM					NM					NM					NM
Allowance / loans % (f)		2.01			%		0.46			%		0.49			%		0.50			%		0.54			%
Allowance / net charge-offs		NM					NM					NM					NM					NM
Credit Card and Other
Period-end loans ($ millions)		$	495				$	496				$	493				$	495				$	506				*		(2)%
30+ Delinq. % (b)		0.99			%		0.93			%		0.94			%		1.06			%		1.20			%
NPL %		0.07					0.07					0.07					0.09					0.09
Charge-offs % (qtr. annualized)		2.12					2.29					2.10					2.17					2.44
Allowance / loans % (f)		3.91			%		2.68			%		2.58			%		2.46			%		2.50			%
Allowance / net charge-offs		1.83			x		1.14			x		1.21			x		1.13			x		1.01			x

NM - Not meaningful

* Amount is less than one percent.

(a)	In 3Q19, FHN reclassified approximately $410 million of regional banking market investor CRE loans from the C&I portfolio to the CRE portfolio. The reclassification did not have an impact on FHN’s consolidated balance sheet and the impact to the consolidated financial statements from the effect on the allowance for loan losses is immaterial. No adjustments were made to prior periods as the impact of the reclassification, including the effect on the allowance for loan losses was deemed to be immaterial in all periods.
(b)	30+ Delinquency % includes all accounts delinquent more than one month and still accruing interest.
(c)	1Q20 increase in delinquencies as a percentage of total loans was primarily driven by two credits; 3Q19 increase in delinquencies as a percentages of total loans was primarily driven by one credit.
(d)	1Q20 increase in NPLs as a percentage of total loans was primarily driven by one credit; 2Q19 increase in NPLs as a percentage of total loans was primarily driven by one credit.
(e)	1Q20 increase in charge-offs as a percentage of total loans was primarily driven by one credit; 3Q19 increase in charge-offs as a percentage of loans was primarily driven by two credits; 2Q19 increase in charge-offs as a percentage of total loans was primarily driven by one credit.
(f)	1Q20 increase in allowance as a percentage of total loans was driven by a sudden, steep decline in the economic forecast attributable to the COVID-19 pandemic and the adoption of CECL.
(g)	In 1Q20, the Permanent Mortgage portfolio was combined into Consumer Real Estate portfolio, all prior periods were revised for comparability.
(h)	3Q19 increase in delinquencies as a percentage of total loans was primarily driven by two credits.

10

FHN GLOSSARY OF TERMS

Average Assets for Leverage: The amount of assets a company uses to calculate the leverage ratio, which includes average total assets less disallowed portions of goodwill, other intangibles, and deferred tax assets, as well as certain other regulatory adjustments made to tier 1 capital.

Common Equity Tier 1 Ratio: Ratio consisting of common equity adjusted for certain unrealized gains/(losses) on available-for-sale securities, less disallowed portions of goodwill, other intangibles, and deferred tax assets as well as certain other regulatory deductions divided by risk-weighted assets.

Current Expected Credit Loss (“CECL”): New accounting standard that focuses on estimation of expected losses over the life of the loans which is measured by the difference between amortized cost and the net amount expected to be collected.

Fully Taxable Equivalent (“FTE”): Reflects the amount of tax-exempt income adjusted to a level that would yield the same after-tax income had that income been subject to taxation.

Market-Indexed Deposits: Deposits with pricing tied to an index not administered by FHN. For FHN these are comprised of insured network deposits, correspondent banking deposits, and trust/sweep deposits.

Tier 1 Capital Ratio: Ratio consisting of shareholders’ equity adjusted for certain unrealized gains/(losses) on available-for-sale securities, plus qualifying portions of noncontrolling interests, less disallowed portions of goodwill, other intangible assets, and deferred tax assets as well as certain other regulatory deductions divided by risk-weighted assets.

Key Ratios

Return on Average Assets: Ratio is annualized net income to average total assets.

Return on Average Common Equity: Ratio is annualized net income available to common shareholders to average common equity.

Fee Income to Total Revenue: Ratio is fee income excluding securities gains/(losses) to total revenue excluding securities gains/(losses).

Efficiency Ratio: Ratio is noninterest expense to total revenue excluding securities gains/(losses).

Leverage Ratio: Ratio is tier 1 capital to average assets for leverage.

Asset Quality - Consolidated Key Ratios

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

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

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

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

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

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

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

11