Exhibit 99.1

FIRST QUARTER 2011
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 Balance Sheet		11
Average Balance Sheet: Yields and Rates		12
Mortgage Servicing Rights		13
Business Segment Detail
Segment Highlights		14
Regional Banking		15
Capital Markets		16
Corporate		17
Non-Strategic		18
Non-Strategic: Servicing		19
Capital Highlights		20
Asset Quality
Asset Quality: Consolidated		21
Rollforwards of Nonperforming Loans and ORE Inventory		23
Asset Quality: Regional Banking and Corporate		24
Asset Quality: Non-Strategic		25
Asset Quality: Portfolio Metrics		26
Asset Quality: Process Highlights		27
Glossary of Terms		28
Non-GAAP to GAAP Reconciliation		29

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 ratios are included in this financial supplement that are non-GAAP, meaning they are not presented in accordance with generally accepted accounting principles (GAAP) in the U.S. 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 assets, tangible book value per common share, tier 1 common to risk weighted assets, adjusted tangible common equity to risk weighted assets, and net interest margin adjusted for FTE. 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 the capital 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 29 of this financial supplement.

FIRST HORIZON NATIONAL CORPORATION SEGMENT STRUCTURE

Regional Banking

	-	Traditional lending and deposit taking, investments, 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 First Horizon Insurance, Inc. (“FHI”) and Highland Capital Management Corporation) and associated restructuring, repositioning, and efficiency charges

PERFORMANCE HIGHLIGHTS

Summary of First Quarter 2011 Significant Items
(Millions)

Segment		Item		Income Statement		Amount				Comments
Corporate		Redemption of subordinated debentures		Noninterest income: Other			$5.8			Pre-tax gain resulting from redemption of FHN’s subordinated debentures (TRUPs - 8.07%).
Corporate		Reduction of Visa contingent liability		Noninterest expense: Other			$3.3			Pre-tax impact due to reversal of a portion of the contingent liability for certain Visa legal matters.
Non-Strategic		Goodwill impairment		Discontinued operations, net of tax		$	(10.1	)		Pre-tax goodwill impairment recognized as a result of contracted sale of FHI.
Non-Strategic		Contracted sale of FHI		Discontinued operations, net of tax		$	11.1			Tax benefits resulting from contracted sale of FHI.

(First Quarter 2011 vs. Fourth Quarter 2010)

Regional Banking

-	Net interest margin was flat at 5.23%, net interest income declined $9.8 million to $135.5 million in first quarter

-

Decrease in NII primarily driven by decline in balances of loans to mortgage lenders

-	Provision credit was $12.4 million in first quarter compared to provision expense of $2.0 million in the prior quarter

-

Decline in provision primarily driven by improved performance of the Income CRE and C&I loan portfolios

-	Noninterest income decreased $4.4 million to $67.4 million from $71.8 million in prior quarter

	-	Linked-quarter decline is primarily driven by lower deposit fee income
	-	Mortgage banking income decline consistent with decrease in refinance activity from fourth quarter

-	Noninterest expense declined $2.2 million to $151.1 million in first quarter

	-	Personnel expense declined $1.5 million primarily driven by headcount
	-	Processing costs related to mortgage originations declined consistent with the decrease in refinance activity
	-	A reduction in advertising expenses offset an increase in foreclosure-related losses

Capital Markets

-	Fixed income revenues decreased to $83.2 million in first quarter from $86.1 million in prior quarter

-

Fixed income average daily revenue (ADR) was $1.3 million in first quarter, down from $1.4 million in prior quarter

-	Other product revenues were $6.9 million in first quarter compared to $8.5 million in prior quarter
-	Noninterest expense decreased to $73.6 million in first quarter from $76.8 million in the prior quarter

-

Variable compensation costs decreased due to lower production levels; somewhat offset by FICA reset

Corporate

-	Net interest expense was $.3 million in first quarter compared to $2.1 million in prior quarter
-	Noninterest income (including securities gains) decreased to $12.9 million from $26.3 million in prior quarter

	-	Linked-quarter decrease affected by $14.8 million gain on sale of Visa shares in fourth quarter
	-	A decrease in BOLI and deferred compensation income more than offset by $5.8 million gain on redemption of debt

-	Noninterest expense increased to $20.7 million in first quarter from $19.0 million in prior quarter

-

Other expense affected by $3.3 million reversal of the contingent liability for certain Visa legal matters

	-	Prior quarter included $8.0 million reversal of the Visa contingent liability
	-	Restructuring charges were $3.1 million in first quarter compared to $5.0 million in prior quarter

PERFORMANCE HIGHLIGHTS (continued)

(First Quarter 2011 vs. Fourth Quarter 2010)

Non-Strategic

-	Net interest income decreased $1.2 million to $32.0 million in first quarter
-	Provision expense decreased $29.6 million to $13.4 million

-

Decline in provision attributable to aggregate improvement in the portfolio combined with the continued run-off of non-strategic balances

-	Noninterest income increased to $27.2 million in first quarter from $13.6 million in prior quarter due to a rise in mortgage banking income

	-	Positive net hedging results increased to $12.5 million from $7.0 million in the prior quarter
	-	The negative impact due to runoff declined in first quarter
	-	Servicing fees increased to $20.8 million in first quarter from $17.1 million in prior quarter

-

Prior quarter included adjustment for guarantee fees

-

Mortgage banking income affected by smaller negative fair value adjustments to the mortgage warehouse

-

Mortgage warehouse negative fair value adjustment was $1.3 million in first quarter compared to $4.1 million in prior quarter

-	Noninterest expense decreased to $69.8 million in first quarter from $80.6 million in prior quarter

-

Provisioning for repurchase and foreclosure losses was $37.2 million in first quarter compared to $44.2 million in prior quarter

	-	New requests/PMI cancellation notices were $220.9 million in the first quarter, a decline of $32.5 million from prior quarter
	-	Ending pipeline declined slightly to $529.3 million from $534.2 million in prior quarter
	-	Cumulative rescission rates averaging between 45% and 55% with loss severities ranging between 50% and 60%

-	Discontinued operations, net of tax includes operating results from FHI

	-	Agreement to sell FHI triggered a $10.1 million goodwill impairment which was more than offset by $11.1 million favorable tax benefits
	-	With additional favorable tax benefits expected to be recognized upon closing, the total positive impact to earnings should approximate $4 million

Asset Quality

-	Allowance as a percentage of loans ratio decreased to 369 basis points from 396 basis points in prior quarter

	-	Reflects $75.7 million net allowance decrease in first quarter
	-	Reserve decreased for all loan portfolios

-	Provision expense decreased to $1.0 million in first quarter compared to $45.0 million in fourth quarter
-	Annualized net charge-offs were 190 basis points of average loans, an improvement from 238 basis points in prior quarter

-

Net charge-offs were $76.7 million in first quarter compared to $100.1 million in prior quarter

-	NPAs decreased 2 percent from prior quarter; NPA ratio increased to 455 basis points from 448 basis points

	-	Commercial NPL’s declined; Consumer NPL’s increased primarily due to loan modification activity
	-	Foreclosed assets declined 15 percent primarily due to less inflow
	-	NPA ratio increased due to a 5 percent decline in the balance of the loan portfolio

-

Decrease in the loan portfolio primarily driven by loans to mortgage lenders

-	Troubled debt restructurings (“TDRs”) were $347.7 million at the end of first quarter compared with $338.8 million in prior quarter
-	Commercial Portfolio:

-

Reserve decrease for the C&I portfolio driven by improved borrower financial conditions

-

Primarily due to stronger overall economic conditions

	-	Aggregate improved risk profile primarily due to property stabilization of Income CRE portfolio resulted in $26.2 million reserve decrease
	-	Reduction of Residential CRE portfolio continues as balances declined 16 percent from prior quarter

-	Consumer Portfolio:

	-	Performance of the home equity portfolio improved as delinquency rates declined 57 basis points from prior quarter
	-	The permanent mortgage portfolio’s performance stabilized

-

Portfolio has become more seasoned as aging typically results in improved credit trends

Capital and Liquidity

-	Repurchased CPP common stock warrant from the U.S. Treasury in first quarter which represented right to purchase 14.8 million common shares

	-	Recognized $79.7 million reduction of equity, no earnings impact
	-	In first quarter, warrant had dilutive impact of 2.7 million common shares

-	Return of quarterly cash dividend

	-	$0.01 per share paid April 1, 2011

-	Current ratios strong (regulatory capital ratios estimated based on period-end balances)

	-	8.91% for tangible common equity to tangible assets
	-	14.19% for Tier 1
	-	18.61% for Total Capital
	-	11.67% for Tier 1 Common

Taxes (Operating Results)

-	Approximately $8.6 million positive quarterly effect from permanent tax credits

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

 

(Thousands)		1Q11				4Q10				3Q10				2Q10				1Q10
By Income Statement Impact
Noninterest income
Mortgage banking			$—				$—				$—				$(1,532	)			$—
All other income and commissions			—				—				—				—				(19	)
Noninterest expense
Employee compensation, incentives, and benefits			2,253				2,225				778				(575	)			595
Occupancy			795				17				39				856				31
Legal and professional fees			—				1				—				14				105
All other expense			13				2,801				326				(1,493	)			—
Total loss before income taxes			(3,061	)			(5,044	)			(1,143	)			(334	)			(750	)
Income/(loss) from discontinued operations (a)			(10,514	)			(335	)			—				766				(10,381	)
Net charges resulting from restructuring, repositioning, and efficiency initiatives			$(13,575	)			$(5,379	)			$(1,143	)			$432				$(11,131	)

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

(a) Primarily includes goodwill impairment, severance, and other charges related to the exit of the institutional equity research business and First Horizon Insurance.

CONSOLIDATED SUMMARY RESULTS
Quarterly, Unaudited

																						1Q11 Change vs.
(Dollars in thousands, except per share data)		1Q11				4Q10				3Q10				2Q10				1Q10				4Q10				1Q10
Income Statement Highlights
Net interest income			$172,755				$182,236				$186,143				$182,064				$180,395				(5	)%			(4	)%
Noninterest income			196,744				190,534				246,762				243,862				245,155				3	%			(20	)%
Securities gains/(losses), net			798				15,681				(2,928	)			75				(1,906	)			NM			NM
Total revenue			370,297				388,451				429,977				426,001				423,644				(5	)%			(13	)%
Noninterest expense			315,146				329,729				343,034				337,311				337,978				(4	)%			(7	)%
Provision for loan losses			1,000				45,000				50,000				70,000				105,000				(98	)%			(99	)%
Income/(loss) before income taxes			54,151				13,722				36,943				18,690				(19,334	)			NM					NM
Provision/(benefit) for income taxes			12,108				(6,681	)			3,138				(1,659	)			(16,518	)			NM					NM
Income/(loss) from continuing operations			42,043				20,403				33,805				20,349				(2,816	)			NM					NM
Income/(loss) from discontinued operations, net of tax			960				(3,095	)			(95	)			129				(7,077	)			NM					NM
Net income/(loss)			43,003				17,308				33,710				20,478				(9,893	)			NM					NM
Net income attributable to noncontrolling interest			2,844				2,840				2,875				2,844				2,844					*				*
Net income/(loss) attributable to controlling interest			40,159				14,468				30,835				17,634				(12,737	)			NM					NM
Preferred stock dividends			—				63,154				14,960				14,938				14,918				NM					NM
Net income/(loss) available to common shareholders			$40,159				$(48,686	)			$15,875				$2,696				$(27,655	)			NM					NM
Common Stock Data
Diluted EPS from continuing operations (a)			$0.15				$(0.19	)			$0.07				$0.01				$(0.09	)			NM					NM
Diluted EPS (a)			$0.15				$(0.20	)			$0.07				$0.01				$(0.12	)			NM					NM
Diluted shares (a)			265,556				239,095				238,867				240,968				234,469				11	%			13	%
Period-end shares outstanding (a)			263,335				263,366				237,061				236,840				236,585				*				11	%
Cash dividends declared per share			$0.01				N/A				N/A				N/A				N/A
Stock dividend rate declared per share			N/A				1.8122	%			1.6567	%			1.2896	%			1.4561	%
Balance Sheet Highlights (Period-End)
Total loans, net of unearned income (Restricted — $.7 billion) (b)			$15,972,372				$16,782,572				$17,059,489				$17,154,050				$17,484,224				(5	)%			(9	)%
Total deposits (Restricted — $1.1 million) (b)			15,350,967				15,208,231				14,975,920				15,201,816				15,069,700				1	%			2	%
Total assets (Restricted — $.7 billion) (b)			24,438,344				24,698,952				25,384,181				26,254,226				25,923,576				(1	)%			(6	)%
Total liabilities (Restricted — $.7 billion) (b)			21,798,287				22,020,947				22,077,293				22,966,993				22,652,634				(1	)%			(4	)%
Total equity			2,640,057				2,678,005				3,306,888				3,287,233				3,270,942				(1	)%			(19	)%
Asset Quality Highlights
Allowance for loan losses (Restricted — $39.8 million) (b)			$589,128				$664,799				$719,899				$781,269				$844,060				(11	)%			(30	)%
Allowance / period-end loans			3.69	%			3.96	%			4.22	%			4.55	%			4.83	%
Net charge-offs			$76,671				$100,100				$111,370				$132,791				$182,432				(23	)%			(58	)%
Net charge-offs (annualized) / average loans			1.90	%			2.38	%			2.63	%			3.10	%			4.13	%
Non-performing assets (NPA)			$818,969				$836,502				$919,242				$899,802				$1,041,214				(2	)%			(21	)%
NPA % (c)			4.55	%			4.48	%			5.00	%			4.92	%			5.63	%
Key Ratios & Other
Return on average assets (annualized) (d)			0.71	%			0.27	%			0.52	%			0.32	%			(0.16	)%
Return on average common equity (annualized) (e)			6.82	%			(8.59	)%			2.86	%			0.49	%			(5.10	)%
Net interest margin (f) (g)			3.22	%			3.18	%			3.23	%			3.19	%			3.18	%
Fee income to total revenue (h)			53	%			51	%			57	%			57	%			58	%
Efficiency ratio (i)			85.29	%			88.45	%			79.24	%			79.19	%			79.42	%
Book value per common share			$8.90				$9.05				$9.28				$9.23				$9.18
Tangible book value per common share (g)			$8.21				$8.31				$8.45				$8.39				$8.34
Adjusted tangible common equity to risk weighted assets (g)			10.79	%			10.66	%			9.55	%			9.21	%			9.09	%
Full time equivalent employees			5,159				5,435				5,506				5,531				5,503				(5	)%			(6	)%

NM — Not meaningful
N/A — Not applicable
* Amount is less than one percent.
Certain previously reported amounts have been reclassified to agree with current presentation.
(a) Shares restated for stock dividends distributed through January 1, 2011.
(b) Restricted balances parenthetically presented are as of March 31, 2011.
(c) NPAs related to the loan portfolio over period-end loans plus foreclosed real estate and other assets.
(d) Calculated using net income.
(e) Calculated using net income available to common shareholders.
(f) Net interest margin is computed using total net interest income adjusted for FTE.
(g) Refer to the Non-GAAP to GAAP Reconciliation on page 29 of this financial supplement.
(h) Ratio excludes securities gains/(losses).
(i) Noninterest expense divided by total revenue excluding securities gains/(losses).

CONSOLIDATED INCOME STATEMENT
Quarterly, Unaudited

																						1Q11 Change vs.
(Thousands)		1Q11				4Q10				3Q10				2Q10				1Q10				4Q10				1Q10
Interest income			$207,605				$217,260				$223,165				$220,365				$219,496				(4	)%			(5	)%
Less: interest expense			34,850				35,024				37,022				38,301				39,101				*				(11	)%
Net interest income			172,755				182,236				186,143				182,064				180,395				(5	)%			(4	)%
Provision for loan losses			1,000				45,000				50,000				70,000				105,000				(98	)%			(99	)%
Net interest income after provision for loan losses			171,755				137,236				136,143				112,064				75,395				25	%		NM
Noninterest income:
Capital markets			90,057				94,573				114,014				100,876				114,571				(5	)%			(21	)%
Mortgage banking			27,726				16,057				53,122				63,301				34,884				73	%			(21	)%
Deposit transactions and cash management			32,637				35,142				34,911				39,018				35,767				(7	)%			(9	)%
Trust services and investment management			6,360				6,330				6,171				6,850				6,323					*			1	%
Brokerage management fees and commissions			6,889				5,777				6,427				6,006				6,339				19	%			9	%
Insurance commissions			756				662				780				1,358				1,153				14	%			(34	)%
Securities gains/(losses), net			798				15,681				(2,928	)			75				(1,906	)		NM				NM
Other			32,319				31,993				31,337				26,453				46,118				1	%			(30	)%
Total noninterest income			197,542				206,215				243,834				243,937				243,249				(4	)%			(19	)%
Adjusted gross income after provision for loan losses			369,297				343,451				379,977				356,001				318,644				8	%			16	%
Noninterest expense:
Employee compensation, incentives, and benefits (b)			157,179				165,053				171,437				161,381				176,993				(5	)%			(11	)%
Repurchase and foreclosure provision			37,203				44,223				48,712				56,188				40,707				(16	)%			(9	)%
Operations services			13,928				14,875				14,941				15,310				14,597				(6	)%			(5	)%
Occupancy (b)			14,910				13,787				14,267				15,367				14,462				8	%			3	%
Legal and professional fees			18,558				16,317				14,247				18,083				13,927				14	%			33	%
Deposit insurance premium			8,055				9,326				10,123				9,196				8,493				(14	)%			(5	)%
Computer software			8,090				8,411				7,585				7,337				7,082				(4	)%			14	%
Contract employment			6,921				7,934				7,443				7,274				6,174				(13	)%			12	%
Equipment rentals, depreciation, and maintenance			7,916				7,862				7,162				7,572				5,962				1	%			33	%
Foreclosed real estate			6,789				4,178				5,159				5,137				10,470				62	%			(35	)%
Communications and courier			5,247				5,152				5,050				5,835				6,189				2	%			(15	)%
Miscellaneous loan costs			1,492				1,796				1,913				4,546				4,112				(17	)%			(64	)%
Amortization of intangible assets			1,032				1,078				1,078				1,078				1,078				(4	)%			(4	)%
Other (a) (b)			27,826				29,737				33,917				23,007				27,732				(6	)%			*
Total noninterest expense			315,146				329,729				343,034				337,311				337,978				(4	)%			(7	)%
Income/(loss) before income taxes			54,151				13,722				36,943				18,690				(19,334	)		NM				NM
Provision/(benefit) for income taxes			12,108				(6,681	)			3,138				(1,659	)			(16,518	)		NM				NM
Income/(loss) from continuing operations			42,043				20,403				33,805				20,349				(2,816	)		NM				NM
Income/(loss) from discontinued operations, net of tax (b)			960				(3,095	)			(95	)			129				(7,077	)		NM				NM
Net income/(loss)			43,003				17,308				33,710				20,478				(9,893	)		NM				NM
Net income attributable to noncontrolling interest			2,844				2,840				2,875				2,844				2,844					*				*
Net income/(loss) attributable to controlling interest			40,159				14,468				30,835				17,634				(12,737	)		NM				NM
Preferred stock dividends			—				63,154				14,960				14,938				14,918			NM				NM
Net income/(loss) available to common shareholders			$40,159				(48,686	)			$15,875				$2,696				$(27,655	)		NM				NM

NM – Not meaningful
* Amount is less than one percent.
Certain previously reported amounts have been reclassified to agree with current presentation.
(a) 1Q11 includes $3.3 million reversal of the contingent liability for certain Visa legal matters.
(b) 1Q11 includes a portion of net charges related to Restructuring, Repositioning, & Efficiency Initiatives.

OTHER INCOME AND OTHER EXPENSE
Quarterly, Unaudited

																						1Q11 Change vs.
(Thousands)		1Q11				4Q10				3Q10				2Q10				1Q10				4Q10				1Q10
Other Income
Bank owned life insurance			$4,815				$7,732				$5,913				$5,784				$6,469				(38	)%			(26	)%
Bankcard income			4,720				4,977				4,965				5,271				4,548				(5	)%			4	%
ATM interchange fees			3,535				3,748				3,532				3,232				3,657				(6	)%			(3	)%
Other service charges			2,854				2,845				2,832				2,382				2,383					*			20	%
Electronic banking fees			1,534				1,629				1,870				1,887				1,725				(6	)%			(11	)%
Letter of credit fees			1,776				1,508				1,544				1,802				1,639				18	%			8	%
Deferred compensation			979				2,260				1,121				(771	)			1,010				(57	)%			(3	)%
Gains on extinguishment of debt			5,761				—				—				—				17,060			NM					(66	)%
Other			6,345				7,294				9,560				6,866				7,627				(13	)%			(17	)%
Total			$32,319				$31,993				$31,337				$26,453				$46,118				1	%			(30	)%
Other Expense
Advertising and public relations			$3,862				$5,756				$6,557				$5,574				$5,250				(33	)%			(26	)%
Low income housing expense			4,697				5,886				5,513				5,364				5,466				(20	)%			(14	)%
Other insurance and taxes			3,475				1,814				2,992				3,589				3,153				92	%			10	%
Travel and entertainment			1,801				2,476				2,507				2,627				2,371				(27	)%			(24	)%
Customer relations			1,270				1,729				1,545				1,838				1,967				(27	)%			(35	)%
Employee training and dues			1,251				1,126				1,120				965				1,442				11	%			(13	)%
Supplies			981				1,223				1,126				1,083				1,148				(20	)%			(15	)%
Bank examination costs			1,118				1,147				1,147				1,142				1,142				(3	)%			(2	)%
Loan insurance expense (a)			781				603				903				682				(2,874	)			30	%			127	%
Federal services fees			464				471				520				712				907				(1	)%			(49	)%
Other (b) (c)			8,126				7,506				9,987				(569	)			7,760				8	%			5	%
Total			$27,826				$29,737				$33,917				$23,007				$27,732				(6	)%				*

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.
(b) 1Q11 includes $3.3 million reversal of the contingent liability for certain Visa legal matters.
(c) 1Q11 includes a portion of net charges related to Restructuring, Repositioning, & Efficiency Initiatives.

CONSOLIDATED PERIOD-END BALANCE SHEET Quarterly, Unaudited

																						1Q11 Change vs.
(Thousands)		1Q11				4Q10				3Q10				2Q10				1Q10				4Q10				1Q10
Assets
Investment securities			$3,085,478				$3,031,930				$2,611,460				$2,489,819				$2,697,719				2	%			14	%
Loans held for sale			370,487				375,289				414,259				505,237				505,794				(1	)%			(27	)%
Loans, net of unearned income (Restricted — $.7 billion) (a)			15,972,372				16,782,572				17,059,489				17,154,050				17,484,224				(5	)%			(9	)%
Federal funds sold and securities purchased under agreements to resell			527,563				424,390				602,407				602,910				523,237				24	%			1	%
Interest bearing cash (b)			308,636				517,739				266,469				275,148				383,571				(40	)%			(20	)%
Trading securities			924,854				769,750				1,214,595				1,806,789				964,800				20	%			(4	)%
Total earning assets			21,189,390				21,901,670				22,168,679				22,833,953				22,559,345				(3	)%			(6	)%
Cash and due from banks (Restricted — $4.9 million) (a)			337,002				344,384				331,743				364,857				279,730				(2	)%			20	%
Capital markets receivables			595,594				146,091				564,879				828,866				743,514			NM					(20	)%
Mortgage servicing rights, net			207,748				207,319				191,943				201,746				264,959					*			(22	)%
Goodwill			152,080				162,180				162,180				162,180				162,180				(6	)%			(6	)%
Other intangible assets, net			31,545				32,881				34,263				35,645				37,027				(4	)%			(15	)%
Premises and equipment, net			320,871				322,319				311,947				307,452				308,714					*			4	%
Real estate acquired by foreclosure (c)			110,127				125,401				139,359				122,548				122,060				(12	)%			(10	)%
Allowance for loan losses (Restricted — $39.8 million) (a)			(589,128	)			(664,799	)			(719,899	)			(781,269	)			(844,060	)			11	%			30	%
Other assets (Restricted — $16.7 million) (a)			2,083,115				2,121,506				2,199,087				2,178,248				2,290,107				(2	)%			(9	)%
Total assets (Restricted — $.7 billion) (a)			$24,438,344				$24,698,952				$25,384,181				$26,254,226				$25,923,576				(1	)%			(6	)%
Liabilities and Equity
Deposits
Savings			$6,296,533				$6,036,895				$5,436,451				$5,385,698				$5,174,901				4	%			22	%
Other interest-bearing deposits			2,679,437				2,842,306				3,088,224				3,237,183				3,256,040				(6	)%			(18	)%
Time deposits			1,336,666				1,390,995				1,473,622				1,545,475				1,642,820				(4	)%			(19	)%
Total interest-bearing core deposits			10,312,636				10,270,196				9,998,297				10,168,356				10,073,761					*			2	%
Noninterest-bearing deposits (Restricted — $1.1 million) (a)			4,480,413				4,376,285				4,393,107				4,409,505				4,461,050				2	%				*
Total core deposits (d)			14,793,049				14,646,481				14,391,404				14,577,861				14,534,811				1	%			2	%
Certificates of deposit $100,000 and more			557,918				561,750				584,516				623,955				534,889				(1	)%			4	%
Total deposits (Restricted — $1.1 million) (a)			15,350,967				15,208,231				14,975,920				15,201,816				15,069,700				1	%			2	%
Federal funds purchased and securities sold under agreements to repurchase			2,125,793				2,114,908				2,439,542				2,278,890				2,635,423				1	%			(19	)%
Trading liabilities			384,250				361,920				414,666				481,477				357,919				6	%			7	%
Other short-term borrowings and commercial paper			237,583				180,735				193,361				487,449				167,508				31	%			42	%
Term borrowings (Restricted — $.7 billion) (a)			2,514,754				3,228,070				2,805,731				2,926,675				2,932,524				(22	)%			(14	)%
Capital markets payables			413,334				65,506				379,526				754,079				740,852			NM					(44	)%
Other liabilities (Restricted — $.1 million) (a)			771,606				861,577				868,547				836,607				748,708				(10	)%			3	%
Total liabilities (Restricted — $.7 billion) (a)			21,798,287				22,020,947				22,077,293				22,966,993				22,652,634				(1	)%			(4	)%
Equity
Common stock			164,584				164,604				145,526				143,021				141,048					*			17	%
Capital surplus			1,636,623				1,630,210				1,344,307				1,296,484				1,251,776					*			31	%
Capital surplus common stock warrant — (CPP)			—				83,860				83,860				83,860				83,860			NM				NM
Undivided profits			674,064				631,712				737,014				767,769				809,624				7	%			(17	)%
Accumulated other comprehensive loss, net			(130,379	)			(127,546	)			(109,958	)			(105,922	)			(113,291	)			(2	)%			(15	)%
Preferred stock capital surplus — (CPP)			—				—				810,974				806,856				802,760			NM				NM
Noncontrolling interest (e)			295,165				295,165				295,165				295,165				295,165					*				*
Total equity			2,640,057				2,678,005				3,306,888				3,287,233				3,270,942				(1	)%			(19	)%
Total liabilities and equity			$24,438,344				$24,698,952				$25,384,181				$26,254,226				$25,923,576				(1	)%			(6	)%

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

(a) Restricted balances parenthetically presented are as of March 31, 2011.
(b) Includes excess balances held at Fed.
(c) 1Q11 includes $15.7 million of foreclosed assets related to government insured mortgages
(d) 1Q11 average core deposits were $14.6 billion.

(e) Includes preferred stock of subsidiary.

CONSOLIDATED AVERAGE BALANCE SHEET
Quarterly, Unaudited

     

																						1Q11 Change vs.
(Thousands)		1Q11				4Q10				3Q10				2Q10				1Q10				4Q10				1Q10
Assets:
Earning assets:
Loans, net of unearned income:
Commercial, Financial, and Industrial (C&I)			$6,823,350				$7,229,808				$7,017,427				$6,730,496				$6,754,131				(6	)%			1	%
Income CRE			1,422,837				1,472,182				1,570,928				1,629,964				1,702,499				(3	)%			(16	)%
Residential CRE			249,777				306,292				361,217				471,569				592,122				(18	)%			(58	)%
Consumer real estate			5,553,846				5,706,103				5,872,695				6,013,562				6,185,476				(3	)%			(10	)%
Permanent mortgage			1,060,537				980,383				986,444				1,035,986				1,074,440				8	%			(1	)%
Credit card and other			299,861				318,000				338,987				374,916				471,143				(6	)%			(36	)%
Restricted real estate loans			741,413				779,793				818,149				853,568				890,376				(5	)%			(17	)%
Total loans, net of unearned income (Restricted — $.7 billion) (a) (b)			$16,151,621				$16,792,561				$16,965,847				$17,110,061				$17,670,187				(4	)%			(9	)%
Loans held for sale			353,384				385,047				481,317				493,225				490,626				(8	)%			(28	)%
Investment securities:
U.S. Treasuries			82,197				72,375				68,570				77,488				74,501				14	%			10	%
U.S. government agencies			2,669,852				2,418,015				2,198,754				2,223,153				2,282,005				10	%			17	%
States and municipalities			26,015				38,914				41,756				42,076				43,194				(33	)%			(40	)%
Other			224,565				228,866				244,766				265,918				283,476				(2	)%			(21	)%
Total investment securities			3,002,629				2,758,170				2,553,846				2,608,635				2,683,176				9	%			12	%
Capital markets securities inventory			1,110,584				1,118,090				1,338,535				1,085,816				880,448				(1	)%			26	%
Mortgage banking trading securities			34,549				36,040				37,814				50,423				57,105				(4	)%			(39	)%
Other earning assets:
Federal funds sold and securities purchased under agreements to resell			581,861				553,432				572,078				624,892				620,832				5	%			(6	)%
Interest bearing cash (c)			586,411				1,312,006				1,095,006				982,410				481,259				(55	)%			22	%
Total other earning assets			1,168,272				1,865,438				1,667,084				1,607,302				1,102,091				(37	)%			6	%
Total earning assets			21,821,039				22,955,346				23,044,443				22,955,462				22,883,633				(5	)%			(5	)%
Allowance for loan losses (Restricted — $43.6 million) (a)			(644,107	)			(717,297	)			(778,326	)			(821,652	)			(906,970	)			10	%			29	%
Cash and due from banks (Restricted — $6.6 million) (a)			351,488				338,619				363,445				367,796				415,990				4	%			(16	)%
Capital markets receivables			124,395				197,294				161,239				127,331				125,459				(37	)%			(1	)%
Premises and equipment, net			320,485				320,341				309,713				307,078				311,822					*			3	%
Other assets (Restricted — $19.3 million) (a)			2,596,870				2,694,155				2,657,126				2,664,563				2,729,474				(4	)%			(5	)%
Total assets (Restricted — $.7 billion) (a)			$24,570,170				$25,788,458				$25,757,640				$25,600,578				$25,559,408				(5	)%			(4	)%
Liabilities and equity:
Interest-bearing liabilities:
Interest-bearing deposits:
Other interest-bearing deposits			$2,662,421				$3,010,572				$3,008,241				$3,277,859				$3,105,164				(12	)%			(14	)%
Savings			6,184,409				5,926,061				5,782,596				5,424,462				4,881,791				4	%			27	%
Time deposits			1,360,180				1,434,238				1,505,267				1,591,048				1,853,591				(5	)%			(27	)%
Total interest-bearing core deposits			10,207,010				10,370,871				10,296,104				10,293,369				9,840,546				(2	)%			4	%
Certificates of deposit $100,000 and more			560,805				558,860				617,560				603,952				532,532					*			5	%
Federal funds purchased and securities sold under agreements to repurchase			2,259,138				2,618,819				2,523,719				2,521,758				2,800,856				(14	)%			(19	)%
Capital markets trading liabilities			561,429				514,992				520,046				565,709				589,886				9	%			(5	)%
Other short-term borrowings and commercial paper			172,601				207,315				199,588				167,966				337,966				(17	)%			(49	)%
Term borrowings (Restricted — $.7 billion) (a)			2,838,034				2,856,014				2,913,979				2,921,627				2,969,859				(1	)%			(4	)%
Total interest-bearing liabilities			16,599,017				17,126,871				17,070,996				17,074,381				17,071,645				(3	)%			(3	)%
Noninterest-bearing deposits (Restricted — $1.5 million) (a)			4,414,758				4,470,436				4,454,907				4,394,187				4,375,034				(1	)%			1	%
Capital markets payables			79,389				98,738				124,008				99,782				90,015				(20	)%			(12	)%
Other liabilities			795,176				823,170				799,734				736,822				727,433				(3	)%			9	%
Equity			2,681,830				3,269,243				3,307,995				3,295,406				3,295,281				(18	)%			(19	)%
Total liabilities and equity			$24,570,170				$25,788,458				$25,757,640				$25,600,578				$25,559,408				(5	)%			(4	)%