a2q26earningsslides

Second Quarter 2026 Earnings July 15, 2026

©2026 First Horizon Bank. Member FDIC. Non-GAAP Information Certain measures included in this document are “non-GAAP,” meaning they are not presented in accordance with generally accepted accounting principles in the U.S. and also are not codified in U.S. banking regulations currently applicable to FHN. Although other entities may use calculation methods that differ from those used by FHN for non-GAAP measures, FHN’s management believes such measures are relevant to understanding the financial condition, capital position, and financial results of FHN and its business segments. Non-GAAP measures are reported to FHN's management and Board of Directors through various internal reports. The non-GAAP measures presented in this document are listed, and are reconciled to the most comparable GAAP presentation, in the non-GAAP reconciliation table(s) appearing in the Appendix. In addition, presentation of regulatory measures, even those which are not GAAP, provides a meaningful basis for comparability to other financial institutions subject to the same regulations as FHN, as demonstrated by their use by banking regulators in reviewing capital adequacy of financial institutions. Although not GAAP terms, these regulatory measures are not considered “non-GAAP” under U.S. financial reporting rules as long as their presentation conforms to regulatory standards. Regulatory measures used in this document include: common equity tier 1 capital, generally defined as common equity less goodwill, other intangibles, and certain other required regulatory deductions; tier 1 capital, generally defined as the sum of core capital (including common equity and instruments that cannot be redeemed at the option of the holder) adjusted for certain items under risk-based capital regulations; and risk-weighted assets, which is a measure of total on- and off-balance sheet assets adjusted for credit and market risk, used to determine regulatory capital ratios. This document also includes forward-looking guidance with respect to certain non-GAAP financial measures. FHN is not able to reconcile these forward-looking non-GAAP measures to their most directly comparable GAAP measures without unreasonable efforts because sufficient information is not available to determine and quantify, or to estimate the probable significance of, all of the variables and adjustments that would be needed for such reconciliations. Forward-Looking Statements This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to FHN's beliefs, plans, goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results, or other developments. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “should,” “is likely,” “will,” “going forward,” and other similar expressions that indicate future events and trends. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, operational, economic, and competitive uncertainties and contingencies, many of which are beyond FHN’s control, and many of which, with respect to future business decisions and actions (including acquisitions and divestitures), are subject to change and could cause FHN’s actual future results and outcomes to differ materially from those contemplated or implied by forward-looking statements or historical performance. While there is no assurance that any list of uncertainties and contingencies is complete, examples of factors which could cause actual results to differ from those contemplated by forward-looking statements or historical performance include those mentioned: in this document; in Items 2.02 and 7.01 of FHN’s Current Report on Form 8-K to which this document has been furnished as an exhibit; in the forepart, and in Items 1, 1A, and 7, of FHN’s most recent Annual Report on Form 10-K; and in the forepart, and in Item 1A of Part II, of FHN’s Quarterly Report(s) on Form 10-Q filed after that Annual Report. Any forward-looking statements made by or on behalf of FHN speak only as of the date they are made, and FHN assumes no obligation to update or revise any forward-looking statements that are made in this document or in any other statement, release, report, or filing from time to time. Actual results could differ and expectations could change, possibly materially, because of one or more factors, including those factors listed in this document or the documents mentioned above, and other factors not listed. Throughout this document numbers may not total due to rounding, references to EPS are fully diluted, and capital ratios for the most recent quarter are estimates. Disclaimers 2

©2026 First Horizon Bank. Member FDIC. PPNR, TBVPS, ACL to loans ratio, and ROTCE are non-GAAP and are reconciled to GAAP measures in the Appendix. Share count for all periods shown was impacted by share repurchases. $ in millions, except per share data Reported Results 2Q26 Change vs. 2Q26 1Q26 4Q25 3Q25 2Q25 1Q26 2Q25 Net interest income $676 $667 $676 $674 $641 $9 1% $35 5% Fee income 211 195 212 215 189 16 8% 22 12% Total revenue 887 862 888 889 830 25 3% 57 7% Expense 531 505 545 551 491 26 5% 40 8% Pre-provision net revenue (PPNR) 356 357 343 339 339 (1) —% 17 5% Provision for credit losses 15 15 — (5) 30 — —% (15) (50%) Pre-tax income 341 342 343 344 309 (1) —% 32 10% Income tax expense 66 76 78 78 64 (10) (13%) 2 4% Net income 274 266 266 266 244 8 3% 30 12% Non-controlling interest 4 3 4 4 4 — 4% — (10%) Preferred dividends 10 5 5 8 8 5 103% 3 34% Net income available to common shareholders (NIAC) $260 $257 $257 $254 $233 $3 1% $28 12% Diluted EPS $0.54 $0.53 $0.52 $0.50 $0.45 $0.01 2% $0.09 20% Diluted shares 480 487 496 510 514 (7) (1%) (34) (7%) ROCE 12.3% 12.3% 12.0% 11.7% 11.1% 7bps 119bps ROTCE 15.2% 15.1% 14.8% 14.5% 13.8% 9bps 136bps ROA 1.3% 1.3% 1.3% 1.3% 1.2% 1bps 11bps Net interest margin 3.49% 3.52% 3.51% 3.55% 3.40% (3bps) 9bps Fee income / total revenue 23.7% 22.6% 23.9% 24.2% 22.7% 110bps 100bps Efficiency ratio 59.9% 58.5% 61.3% 61.9% 59.2% 134bps 68bps FTEs (full-time equivalent associates) 7,422 7,369 7,373 7,341 7,255 53 1% 167 2% CET1 ratio 10.5% 10.5% 10.6% 11.0% 11.0% (7bps) (53bps) Effective tax rate 19.5% 22.2% 22.6% 22.7% 20.8% (274bps) (131bps) Tangible book value per share (TBVPS) $14.53 $14.34 $14.20 $13.94 $13.57 $0.19 1% $0.96 7% Period end loans $65.3B $64.4B $64.2B $63.1B $63.3B $1.0B 1% $2.1B 3% Period end deposits $68.1B $66.5B $67.5B $65.5B $65.6B $1.6B 2% $2.5B 4% Period end loan to deposit ratio 96% 97% 95% 96% 96% (86bps) (50bps) Allowance for loans and lease losses to loans and leases 1.09% 1.13% 1.15% 1.23% 1.29% (4bps) (20bps) Allowance for credit losses to loans and leases 1.24% 1.28% 1.31% 1.38% 1.42% (4bps) (18bps) 2Q26 reported financial summary 3

©2026 First Horizon Bank. Member FDIC. $ in millions, except per share data Adjusted Results 2Q26 Change vs. 2Q26 1Q26 4Q25 3Q25 2Q25 1Q26 2Q25 Net interest income (FTE) $679 $670 $679 $678 $645 $9 1% $35 5% Fee income $211 $195 $212 $215 $189 $16 8% $22 12% Total revenue (FTE) $890 $865 $892 $893 $833 $25 3% $57 7% Expense $526 $505 $541 $542 $495 $21 4% $30 6% Pre-provision net revenue $364 $360 $350 $351 $338 $4 1% $26 8% Provision for credit losses $15 $15 $— ($5) $30 $— —% ($15) (50%) Net charge-offs $33 $29 $30 $26 $34 $4 14% ($1) (3%) Reserve build / (release) ($18) ($14) ($30) ($31) ($4) ($4) (33%) ($14) NM NIAC $262 $257 $259 $263 $229 $5 2% $33 14% EPS $0.54 $0.53 $0.52 $0.51 $0.45 $0.01 2% $0.09 20% Diluted shares 480 487 496 510 514 (7) (1%) (34) (7%) ROTCE 15.3% 15.1% 15.0% 15.0% 13.6% 17bps 164bps ROA 1.3% 1.3% 1.3% 1.3% 1.2% 3bps 15bps Net interest margin (NIM) 3.49% 3.52% 3.51% 3.55% 3.40% (3bp) 9bps Fee income / total revenue 23.6% 22.6% 23.8% 24.1% 22.6% 110bps 102bps Efficiency ratio 59.1% 58.3% 60.7% 60.8% 59.5% 77bps (36bps) CET1 Ratio 10.5% 10.5% 10.6% 11.0% 11.0% (7bps) (53bps) TBVPS $14.53 $14.34 $14.20 $13.94 $13.57 $0.19 1% $0.96 7% Effective tax rate 19.5% 22.2% 22.7% 22.7% 20.8% (271bps) (126bps) 2Q26 adjusted financial summary PPNR, ROTCE, TBVPS, fully taxable equivalents, and adjusted financial measures, including measures excluding deferred compensation, are non-GAAP and are reconciled to GAAP measures in the Appendix. Net interest income and margin are adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 21 percent and, where applicable, state income taxes. Share count for all periods shown was impacted by share repurchases. 4

©2026 First Horizon Bank. Member FDIC. 2Q26 highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 2Q26 notable items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 NII and NIM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Adjusted fee income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Adjusted expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Asset quality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 2026 outlook . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Strategic focus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 5 Table of Contents 5

©2026 First Horizon Bank. Member FDIC. redit: Capital 1H26 vs. 1H25 Adjusted PPNR growth +8%Earnings: 2Q26 Change vs. 1Q26 Adjusted EPS $0.54 +$0.01 Adjusted PPNR $364 million +1% NII $679 million +1% Capital: CET1 ratio 10.5% (7bps) TBVPS $14.53 +1% Buybacks $100 million Credit: NCO% 20bps 2bp ACL% 1.24% (4bps) NPL% 0.81% (13bps) Continued momentum in 2Q26 Strong First Half Performance 1H26 vs. 1H25 Adjusted EPS growth +$0.21 • Adjusted ROTCE of 15.3% for 2Q26 • Adjusted PPNR of $364 million, up 1% from 1Q26 and up 8% vs 2Q25 • NII up $9 million from prior quarter reflecting strong average loan balance growth of $1.5 billion • NIM compression of 3bps driven by increased deposit costs similar to prior year patterns • Adjusted fee income excluding deferred compensation decreased $1 million, reflecting a decline in fixed income average daily revenue (ADR), partially offset by a $3 million increase in Brokerage, Trust, and Insurance • Adjusted expense excluding deferred compensation increased $6 million driven by typical marketing seasonal patterns of increased advertising costs partially offset by client cash incentive payout reductions • Provision expense of $15 million • Net charge-offs of $33 million, or 0.20% of total loans, up 2bps from 1Q26 • Maintained CET1 ratio of 10.5% in line with near-term target; 2Q26 buybacks of $100 million at $24.52 per share PPNR, ROTCE, TBVPS, ACL to loans ratio, fully taxable equivalents, and adjusted financial measures are non-GAAP and are reconciled to GAAP measures in the Appendix. Net interest income and margin are adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 21 percent and, where applicable, state income taxes. 6 1H26 vs. 1H25 adjusted ROTCE increase +184bps 2Q26 financial highlights

©2026 First Horizon Bank. Member FDIC. Notable Items ($ in millions, except per share data) 2Q26 Visa derivative valuation expense (other noninterest expense) ($5) Pre-tax impact of notable items $5 Tax on notable items before preferred stock dividends $1 Deemed dividend on redemption of preferred stock $3 Total notable items (after-tax) $1 EPS impact of notable items $— Pre-Tax Notable Items • $5 million impact related to Visa derivative valuation expenses • $3 million of deemed dividend impacts related to the redemption of preferred stock 2Q26 notable items After-Tax Notable Items 7

©2026 First Horizon Bank. Member FDIC. • Net interest income increased $9 million and net interest margin compressed 3bps versus 1Q26 ◦ Interest-bearing deposit costs increased 5bps primarily due to higher brokered deposit balances • As of period end 2Q26, 58%1 of loans are indexed to short-term rates • Fixed rate cash flows over the next year include ~$5 billion of fixed rate loans with a roll-off yield of ~4.9% and $1 billion of securities with a roll-off yield of ~2.8% $645 $678 $679 $670 $679 3.40% 3.55% 3.51% 3.52% 3.49% 2Q25 3Q25 4Q25 1Q26 2Q26 Net interest income ($) and NIM (%) $ in millions NII Margin 1Q26 $670 3.52% Loan Balances & Fees $9 (0.02%) Deposit Funding Mix ($3) (0.05%) Investment Portfolio & Trading Securities $2 0.02% Day Count & Other $1 0.02% 2Q26 $679 3.49% Loan growth supported NII growth in the quarter Net interest income and margin are adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 21 percent and, where applicable, state income taxes. 1Does not include the impact of interest rate hedges. For more detail on the hedges, see slide 18 in the Appendix. 8

©2026 First Horizon Bank. Member FDIC. • 2Q26 period end deposits of $68.1 billion ◦ Increase of $1.6 billion versus 1Q26, driven by a $2 billion increase in brokered CDs ◦ Retained ~96% of ~$30 billion of total balances associated with repriced deposits in the quarter, while keeping costs on these balances flat from 1Q26 • 2Q26 average deposits of $66.8 billion ◦ Brokered deposits averaged $1.3 billion higher in 2Q26 compared to 1Q26 ◦ Average DDA balances increased $121 million from the prior quarter • 2Q26 interest-bearing rate paid of 2.33%, up 5bps ◦ Maintained strong repricing performance with ~66% cumulative beta since cuts began in 3Q24 ◦ Quarter end interest-bearing deposit spot rate was ~2.43% Period end deposits $65.6B $65.5B $67.5B $66.5B $68.1B $15.9 $16.0 $15.8 $15.9 $16.0 $14.7 $13.6 $14.2 $14.2 $14.2 $30.6 $31.7 $31.5 $31.1 $30.1 $4.4 $4.2 $6.0 $5.3 $7.8 Noninterest bearing deposits Base rate deposits Customer promos, CDs, & indexed deposits Brokered deposits 2Q25 3Q25 4Q25 1Q26 2Q26 Deposit portfolio reflects balance sheet seasonality 9

©2026 First Horizon Bank. Member FDIC. Period end loans • 2Q26 period end loans of $65.3 billion, up 1% versus 1Q26 and 3% versus 2Q25 ◦ C&I excluding loans to mortgage companies (LMC) grew $710 million, or 2% versus 1Q26 ◦ LMC increased $118 million versus 1Q26 ◦ CRE balances increased $175 million versus 1Q26 • Average loan balances increased by $1.5 billion from 1Q26 reflecting $1.6 billion in total commercial loan growth ◦ Average loan balances grew 3% from 2Q25 • Period end total loan portfolio line utilization of 44%1 • Loan yield compression of 1bp to 5.67% • Asset sensitive profile reflected in loan composition of 58% variable rate, 12% ARM, and 30% fixed rate3 $63.3B $63.1B $64.2B $64.4B $65.3B $30.3B $30.5B $31.2B $31.8B $32.5B $13.9B $13.7B $13.6B $13.4B $13.6B $14.4B $14.4B $14.1B $13.9B $13.9B $4.1B $3.9B $4.7B $4.6B $4.8B C&I ex LMC Commercial real estate (CRE) Consumer real estate LMC Credit card & other² 2Q25 3Q25 4Q25 1Q26 2Q26 Loan growth driven by commercial in 2Q26 1Utilization rates exclude loans to mortgage companies. 2Credit card & other was $0.6B in 2Q25, 3Q25, 4Q25, 1Q26, and 2Q26. 3Does not include the impact of interest rate hedges. For more detail on the hedges, see slide 18 in the Appendix. 10

©2026 First Horizon Bank. Member FDIC. • 2Q26 adjusted fee income excluding deferred compensation decreased $1 million from 1Q26 ◦ Fixed income down $7 million from 1Q26 as average daily revenue decreased to $594k, reflecting market conditions in the quarter ◦ Brokerage, trust, and insurance increased $3 million from increased wealth management production and continued strong client activity • Strong start to 2026 results as adjusted fee income excluding deferred compensation increased $28 million in the first half of the year versus the first half of 2025 $ in millions Adjusted Results 2Q26 Change vs. 2Q26 1Q26 4Q25 3Q25 2Q25 1Q26 2Q25 Fixed income $46 $53 $57 $57 $42 ($7) (14%) $4 8% Mortgage banking $9 $9 $10 $15 $10 $0 2% $0 (3%) Service charges and fees $59 $58 $64 $57 $55 $0 —% $4 6% Brokerage, trust, and insurance $45 $43 $41 $39 $39 $3 7% $7 17% Card and digital banking fees $18 $18 $18 $19 $19 $0 (2%) ($1) (6%) Deferred compensation income $15 $(3) $3 $8 $8 $18 NM $7 97% Securities gains/(losses) $0 $(1) $0 $0 $0 $1 141% $0 72% Other noninterest income $18 $16 $18 $19 $16 $2 12% $2 14% Total fee income $211 $195 $212 $215 $189 $16 8% $22 12% Fee income ex deferred comp $196 $197 $209 $207 $181 ($1) —% $14 8% Fixed income ADR1 $594k $742k $765k $771k $550k ($149k) (20%) $43k 8% Fee income reflects changing rate environment 11 Adjusted financial measures, including measures excluding deferred compensation, are non-GAAP and are reconciled to GAAP measures in the Appendix. 1Fixed Income ADR is based upon Fixed Income trading revenues and excludes other product revenues (e.g. investment advisory, derivatives, loan trading and other service related revenues).

©2026 First Horizon Bank. Member FDIC. • 2Q26 adjusted expense excluding deferred compensation increased $6 million versus 1Q26 ◦ Personnel expense excluding deferred compensation increased $1 million ▪ Salaries and benefits increased $4 million driven by higher day count and net hires ▪ Incentives and commissions decreased $3 million driven by decreased fixed income ADR, partially offset by increased incentives from higher mortgage production ◦ Outside services increased by $10 million mostly driven by marketing, partially offset by client cash incentive payout reductions noted in other noninterest expense, which reflects marketing campaign seasonality ◦ Other noninterest expense decreased by $8 million primarily driven by timing of new account promotions $ in millions Adjusted Results 2Q26 Change vs. 2Q26 1Q26 4Q25 3Q25 2Q25 1Q26 2Q25 Salaries and benefits $215 $211 $213 $209 $206 $4 2% $9 4% Incentives and commissions $76 $79 $87 $79 $73 ($3) (4%) $3 5% Deferred compensation expense $13 $(2) $3 $8 $7 $14 NM $6 98% Total personnel expense $304 $289 $303 $296 $286 $16 5% $19 7% Occupancy and equipment1 $86 $84 $83 $80 $79 $2 3% $7 9% Outside services $79 $69 $95 $79 $71 $10 15% $9 12% Amortization of intangible assets $8 $8 $9 $9 $10 $— —% ($2) (16%) Other noninterest expense $48 $55 $52 $79 $50 ($8) (14%) ($3) (6%) Adjusted total noninterest expense $526 $505 $541 $542 $495 $21 4% $30 6% Expense ex deferred comp $513 $507 $538 $534 $489 $6 1% $24 4% Full-time equivalent associates 7,422 7,369 7,373 7,341 7,255 53 1% 167 2% Expense discipline continues through the first half of 2026 Adjusted financial measures, including measures excluding deferred compensation, are non-GAAP and are reconciled to GAAP measures in the Appendix. 1Occupancy and equipment expense includes computer software expense. 12

©2026 First Horizon Bank. Member FDIC. Non-performing loans (NPLs)Allowance for credit losses (ACL) Net charge-offs (NCOs) FHN NCO%1 Average NCO% of BKX Index2 $34 $26 $30 $29 $33 0.22% 0.17% 0.19% 0.18% 0.20% 0.54% 0.60% 0.56% 0.58% 2Q25 3Q25 4Q25 1Q26 2Q26 FHN NCOs $901 $870 $839 $826 $808 1.42% 1.38% 1.31% 1.28% 1.24% ACL ACL/Loans 2Q25 3Q25 4Q25 1Q26 2Q26 $593 $605 $604 $606 $531 0.94% 0.96% 0.94% 0.94% 0.81% NPLs $ NPLs % 2Q25 3Q25 4Q25 1Q26 2Q26 • 2Q26 net charge-offs of $33 million ◦ NCO ratio of 0.20%, up 2bps from 1Q26 • Provision expense of $15 million in 2Q26 ◦ 2Q26 ACL to loans ratio decreased to 1.24%, reflecting lower non-pass and non-performing loans • NPL ratio of 81bps, down 13 basis points from 1Q26 Credit performance remains in line with expectations 13 ACL to loans ratio is non-GAAP and is reconciled to the GAAP measure in the Appendix. 1Net charge-off ratio is annualized and as % of average loans. 2Excludes trust and investment banks. Historical numbers have changed due to the reweighting of the BKX index.

©2026 First Horizon Bank. Member FDIC. 10.5% 0.35% (0.11)% (0.14)% (0.20)% 0.03% 10.5% 1Q26 Actual Adj. NIAC Common Dividend Share Buybacks Change in Loan Balances & Unfunded Commitments Notable items & other¹ 2Q26 Estimate • CET1 ratio remained consistent with the prior quarter at 10.5% ◦ CET1 changes were supported by strong loan growth and share buybacks of $100 million at $24.52 per share3 ◦ $665 million of authorization remaining under repurchase program approved in 4Q25 • TBVPS of $14.53 increased $0.19 versus 1Q26 driven by NIAC contribution of $0.55 and is up $0.96 year-over-year Capital ratios Common equity tier 1 (CET1) Tangible book value per share (TBVPS) 14.0% 13.8% 13.3% 13.7% 13.4% CET1 ratio Tier 1 capital ratio Total capital ratio 2Q25 3Q25 4Q25 1Q26 2Q26 $14.34 $0.55 $(0.17) $(0.03) $(0.09) $(0.07) $14.53 1Q26 Actual Adj. NIAC Impact Common Dividends Marks on AFS & Hedges Share Buybacks Notable items & other² 2Q26 Actual 11.0% 11.0% 10.6% 10.5% 10.5% 11.9%11.5%11.9%12.0% 11.8% Loan growth and share repurchases support CET1 targets 14 TBVPS and adjusted financial measures are non-GAAP and are reconciled to GAAP measures in the Appendix. 1Other category includes other capital changes such as DTA, intangibles, and options exercised and other risk weighted asset (“RWA”) changes. 2Other includes change in intangibles and equity compensation. 3Weighted average share price of $24.52 includes related commission expenses.

©2026 First Horizon Bank. Member FDIC. Core objectives Pre-provision net revenue growth1 Mid-single digit balance sheet growth Positive operating leverage Key metrics 2025 Baseline 2026 Expectations Comments Adjusted Revenue ex. deferred comp. $3.42 billion 3 – 7% Revenue range reflects outcomes from various rate environments Adjusted Expenses ex. deferred comp. $2.05 billion ~0% Flat guidance excludes bonuses/ commissions from incremental counter-cyclical revenue Net Charge-Offs 0.19% 0.15% – 0.25% Reflects continued strong credit performance Tax Rate 22.1% 21% – 23% Discrete items will slightly impact the quarterly rate CET1 Ratio 10.63% ~10.5% Near term target now 10.5% level will vary with loan growth 2 3 Reiterating 2026 outlook 15 Initial expectation ranges built on base case assumptions in line with forward interest rate curve as of October 31, 2025 (25bp cuts in April 2026 and July 2026) with various scenarios used to develop the range. PPNR and adjusted financial measures, including measures excluding deferred compensation and fully taxable equivalents, are non-GAAP and are reconciled to GAAP measures in the Appendix. This page and the following one also include forward-looking guidance with respect to certain non-GAAP financial measures. FHN is not able to reconcile these forward-looking non-GAAP measures to their most directly comparable GAAP measures without unreasonable efforts because sufficient information is not available to determine and quantify, or to estimate the probable significance of, all of the variables and adjustments that would be needed for such reconciliations. Net interest income and margin are adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 21 percent and, where applicable, state income taxes. Variability in deferred compensation may impact growth rates in noninterest income and noninterest expense but should have an offsetting and immaterial impact on pretax income.

©2026 First Horizon Bank. Member FDIC. PPNR, ROTCE, TBVPS, ACL to loans ratio, fully taxable equivalents, and adjusted financial measures are non-GAAP and are reconciled to GAAP measures in the Appendix. Net interest income and margin are adjusted to a fully taxable equivalent (“FTE”) basis assuming a statutory federal income tax of 21 percent and, where applicable, state income taxes. Key ingredients to sustained return levels Adjusted ROTCE trends FY24 12.5% FY25 14.2% Last Four Quarters 15.1% Capital Credit Profitability Strategic capital management to opportunistically deploy excess capital and lower CET1 to intermediate-term target of 10-10.5% Operate with through-the-cycle discipline: low losses, normalized provision that trends with loan growth, and appropriate reserve coverage Deliver revenue-driven PPNR growth with a balanced model; drive positive operating leverage with expense discipline while investing in growth $100mm+ revenue-driven, PPNR opportunity Areas of focus Examples of progress since mid-2025 • Client relationship growth • Maximizing revenue opportunities • Product and business line penetration • Product enhancements • CRE pricing enhancements with better business line alignment (~$2mm+ in yield- driven profitability and fee improvements) • Deeper partnership between regional and specialty teams (~$5mm+ annualized value captured) • Treasury management service momentum continues (~$5mm+ annual impact) • Improved wealth management penetration across the footprint (~$5mm recognized in 1H2026) Four consecutive quarters of 15%+ adjusted ROTCE driven by focused execution 16

©2026 First Horizon Bank. Member FDIC. Variable 58% Fixed 30% ARMs 12% $65.3B Floors 60% Swaps 40% $5.0B Loan repricing profile Balance sheet hedges Modest interest rate sensitivity1 +100bps +2.9% -100bps -3.3% • Modestly asset-sensitive profile driven by 58% variable rate loan mix • Within the ARM portfolio, only 9% of loans will be in their variable period within the next year • Floors with strike prices between 1.25% and 2.5% and maturities ranging from late 2027 to early 2029 • Receive fixed swaps with fixed rates between 2.6% and 3.0% and maturities in 2027 and 2029 change in the next 12 months’ NII for an instantaneous, parallel shock on a static balance sheet Insured 59% Neither 33%7% $68.1B 67% of deposits insured or collateralized Collateralized • Commercial deposits of $41 billion or 60% and consumer deposits of $27 billion or 40% • Attractive lower-cost deposit base with 23% comprised of non-interest bearing products • Contingency funding plan equates to ~140% of uninsured or uncollateralized deposits Actively managing liquidity and interest rate sensitivity 18 1Estimate as of 6/30/2026.

©2026 First Horizon Bank. Member FDIC. Average Fed Funds Effective • Our diversified business model with a highly attractive geographic footprint provides opportunity to deliver strong performance through a variety of economic cycles • The counter-cyclical businesses (fixed income, loans to mortgage companies, and mortgage) provide a counterbalance to the asset sensitive balance sheet during periods of declining interest rates $754 $1,084 $1,222 $1,374 $1,370 $1,299 $1,372 $1,460 All Other Adjusted PPNR Counter-Cyclicals² Avg Fed Funds Effective Rate 2019¹ (pre-IBKC) 2020¹ (IBKC in 2H20) 2021 2022 2023 2024 2025 2026 YTD Annualized $— $200 $400 $600 $800 $1,000 $1,200 $1,400 0% 1% 2% 3% 4% 5% 6% 7% 8% $158 / 21% $406 / 37% $347 / 28% $81 / 6% $26 / 2% $108 / 8% $596 / 79% $678 / 63% $875 / 72% $1,266 / 92% $1,344 / 98% $1,218 / 94% Adjusted PPNR in millions $118 / 9% 1,254 / 91% Track record of strong results supported by stable, diversified business mix 19 Adjusted pre-provision net revenue (PPNR) is a non-GAAP measure and is reconciled to pre-tax income (GAAP) in the Appendix. Numbers may not total due to rounding. 12019 and 1H20 are standalone FHN, as the IBKC merger-of-equals did not occur until July 1, 2020. 2Counter-cyclical PPNR includes direct and allocated fees and expenses, as well as net interest income net of funds transfer pricing. $116 / 8% $1,344 / 92%

©2026 First Horizon Bank. Member FDIC. 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 19 20 20 20 21 20 22 20 23 20 24 20 25 —% 2.00% 4.00% 6.00% $0.0 $0.5 $1.0 $1.5 $2.0 Lower Revenue Market Factor Higher Revenue 2025 Environment Current Environment Up Rate Direction Down Decline in short-term rates Up Extreme (low/high) Market Volatility Moderate Improved volatility environment in 2H25 Moderately high Flat/Inverted Yield Curve Shape Steep Improved, flat vs historical Flat vs historical Tight Corporate & Mortgage Spreads Wide Tight Tight Lower Depository Liquidity Greater Neutral impact Greater • FHN Financial provides fixed income sales & trading, investment advisory, interest rate derivatives and other services to financial institutions, municipalities and other institutional investors across the United States and internationally • In addition to trading revenues, FHN Financial generates ~$40 million annually of fee income from other products, including investment advisory, derivatives, loan trading and other service related revenue • ~4,000 active institutional clients • Clients include approximately one third of all US banks and 50% of banks with portfolios over $100 million in size FOMC easing during GFC FOMC ZIRP Policy Normalizing FOMC Policy FOMC easing during pandemic FOMC tightening to fight inflation Fed Funds Average ADR in millions $1.6 $1.2 $0.7 $1.3 $0.5 Early stage of FOMC easing $0.7 FHN Financial’s strong full-cycle returns are counter-cyclical to bank franchise 20

©2026 First Horizon Bank. Member FDIC. A balanced mix of NDFI, designed to manage risk and capture opportunity across cycles $8.7 $4.1 7% 6% 87% LMC Non-LMC NDFI All Other 21 All loan balance references are to period-end loans. All NDFI numbers are sourced from the call report as of 3/31/26. 1Q26 call report NDFI exposure Loans to mortgage companies (LMC) Non-LMC NDFI Short-tenor, collateralized, high monitoring cadence Non-LMC NDFI spread across multiple industries, managed via experienced teams and includes risk monitoring like onsite collateral inspections LMC is the majority of NDFI lending $64.4 1Q26 period-end loans NDFI represents a small portion of the loan portfolio Non-depository financial institution (NDFI) Keys LMC exposure represents very low risk (~1bp average annualized NCOs over the last 10 years) Remaining exposure is primarily in specialty ABL vertical with diversified industries, deep expertise, and on staff inspectors NDFI non-accruals are only 0.34% of total NDFI~53% of 3/31/26 call report NDFI

©2026 First Horizon Bank. Member FDIC. Other 14 Industries 24% Mortgage Warehouse 13% Real Estate & Leasing 12% Finance & Insurance 11% Wholesale Trade 7%Health Care & Social Assistance 7% Manufacturing 7% Accommodation & Food Service 6% Retail Trade 5% Transportation & Warehousing 5% Energy 3% Multi-family 42% Office 5% All other CRE 53% Total loan portfolio RE installment loans 81% HELOC 15% Credit card & other 4% Total loans $65.3B Consumer $14.4B C&I $37.3B Consumer by product CRE $13.6B • C&I ◦ No more than 13% C&I exposure to any industry ◦ Period end C&I portfolio line utilization of 45%1 • CRE ◦ No significant upcoming repricing events, as ~73% of loans are floating and ~$3B on average maturing annually throughout 2026 and 2027 ◦ Granular portfolio with less than 0.4% of loan relationships by count with commitments above $50 million ◦ Medical office comprises 53% of outstanding office balances • Consumer ◦ Consumer portfolio focused on real estate, with negligible exposure to auto or consumer credit card C&I by industry Land 2% Construction 9% Other CRE 3% Hospitality 7% Industrial 14% Retail 17% Office 19% Multi-Family 29% CRE by property type CRE $13.6B C&I 57% CRE 21% Consumer 22% Industry & product diversification: total loan portfolio Numbers may not total to 100% due to rounding. 1Utilization rates exclude loans to mortgage companies. 22

©2026 First Horizon Bank. Member FDIC. 31% $37.3B 9% FL 31% TX 21% GA 8% NC 10% TN 7% LA 5% Other SE1 6% 7% 18% 14% SC 3% Total C&I Multi- family Traditional office Other CRE Total CRE $4.5B $1.2B $7.9B $13.6B C&I C&I exposure to markets outside the southeast primarily driven by specialty businesses with no state accounting for more than 6% $50.9B commercial loan portfolio with 74% in attractive southeastern footprint Southeastern (SE) footprint All other TN 18% FL 12% TX 10% NC 6% LA 6% GA 4% SC 2% Other SE1 11% Geographic diversification: commercial loan portfolio All loan balances are period end unless otherwise noted. Numbers may not total 100% due to rounding. 1Other southeastern (SE) includes AR, AL, MS, and VA. 23 NC 21% FL 14% TN 17% GA 11% TX 13% Other SE1 6% LA 7% SC 4% FL 26% NC 11% LA 9% TN 8% TX 10% GA 6% SC 4% Other SE1 8% FL 26% TX 14% NC 12% TN 8% GA 7% LA 8% SC 4% Other SE1 7% CRE Map excludes $13.3B of loans outside of the southeastern footprint driven by specialty business lines

©2026 First Horizon Bank. Member FDIC. 2Q26 investment portfolio composition2 Steady principal cash flows3 Investment portfolio $0.4B $0.3B $0.3B $0.2B 3Q26 4Q26 1Q27 2Q27 Agency MBS 38% Agency CMBS 28% Agency CMO 14% U.S. Agencies & Treasury 16% States & Municipalities 4% $9.3B $9.3B $9.3B $9.5B $9.2B 3.06% 3.09% 3.06% 3.02% 3.05% Average AFS Securities Average HTM Securities Average Yield 2Q25 3Q25 4Q25 1Q26 2Q26 • 2Q26 investment portfolio represents ~11% of total assets ◦ Moderate total portfolio effective duration of 3.8 years ◦ Low reliance on the HTM designation at ~13% of total portfolio ◦ 96% U.S. government or agency-backed by GSEs • 2Q26 total unrealized losses on the AFS and HTM portfolios of $0.9B, consistent with 1Q26 levels 2Q25 3Q25 4Q25 1Q26 2Q26 % of total assets 11% 11% 11% 11% 11% Pre-tax unrealized losses ($1.0B) ($0.9B) ($0.8B) ($0.8B) ($0.9B) Effective duration (years) 4.4 4.2 3.9 3.7 3.8 Excess collateral ratio1 30% 34% 26% 35% 33% Investment portfolio prudently managed to support liquidity and IRR 24 1Unpledged securities and securities pledged in excess of collateral requirements divided by total securities. 2Calculated based on period end market values. 3Estimated as of 6/30/26; includes maturities and projected calls.

©2026 First Horizon Bank. Member FDIC. $ in millions, except EPS 2Q26 1Q26 4Q25 3Q25 2Q25 Summary of Notable Items: Deferred compensation adjustment $— $— $— $— $4 FDIC special assessment (other noninterest expense) $— $— $7 $2 $1 Other notable expenses * $(5) $— $(10) $(10) $— Total notable items (pre-tax) $(5) $— $(3) $(8) $4 Tax-related notable items $— $— $— $— $— Preferred Stock Dividend ** $3 $— $— $(3) $— Notable items 25 Numbers may not total due to rounding. * 2Q26 includes $5 million of Visa derivative valuation expenses and 4Q25 and 3Q25 each include $10 million. ** 2Q26 and 3Q25 include deemed dividends on the redemption of preferred stock.

©2026 First Horizon Bank. Member FDIC. Slides in this presentation use non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. $ in millions, except per share data Quarterly, Unaudited 2Q26 1Q26 4Q25 3Q25 2Q25 Tangible Common Equity (non-GAAP) (A) Total equity (GAAP) $9,464 $9,465 $9,142 $9,244 $9,257 Less: Noncontrolling interest (a) 295 295 295 295 295 Less: Preferred stock (a) 682 741 349 349 426 (B) Total common equity $8,487 $8,429 $8,498 $8,600 $8,536 Less: Intangible assets (GAAP) (b) 1,599 1,607 1,615 1,624 1,633 (C) Tangible common equity (non-GAAP) $6,888 $6,822 $6,882 $6,976 $6,903 Tangible Assets (non-GAAP) (D) Total assets (GAAP) $84,437 $84,132 $83,876 $83,192 $82,084 Less: Intangible assets (GAAP) (b) 1,599 1,607 1,615 1,624 1,633 (E) Tangible assets (non-GAAP) $82,839 $82,525 $82,261 $81,568 $80,451 Period end Shares Outstanding (F) Period end shares outstanding 474 476 485 500 509 Ratios (A)/(D) Total equity to total assets (GAAP) 11.21% 11.25% 10.90% 11.11% 11.28% (C)/(E) Tangible common equity to tangible assets (“TCE/TA”) (non-GAAP) 8.31% 8.27% 8.37% 8.55% 8.58% (B)/(F) Book value per common share (GAAP) $17.91 $17.72 $17.53 $17.19 $16.78 (C)/(F) Tangible book value per common share (non-GAAP) $14.53 $14.34 $14.20 $13.94 $13.57 Reconciliation to GAAP financials (a) Included in total equity on the Consolidated Balance Sheet. (b) Includes goodwill and other intangible assets, net of amortization. Numbers may not total due to rounding. 26

©2026 First Horizon Bank. Member FDIC. $ in millions, except per share data Quarterly, Unaudited 2Q26 1Q26 4Q25 3Q25 2Q25 Adjusted Diluted EPS Net income available to common shareholders ("NIAC") (GAAP) a $260 $257 $257 $254 $233 Plus Total notable items (after-tax) (Non-GAAP) (a) 1 — 2 9 (3) Adjusted net income available to common shareholders (Non-GAAP) b $262 $257 $259 $263 $229 Diluted Shares (GAAP) c 480 487 496 510 514 Diluted EPS (GAAP) a/c $0.54 $0.53 $0.52 $0.50 $0.45 Adjusted diluted EPS (Non-GAAP) b/c $0.54 $0.53 $0.52 $0.51 $0.45 Adjusted Net Income ("NI") and Adjusted Return on Assets ("ROA") Net Income ("NI") (GAAP) $274 $266 $266 $266 $244 Plus Relevant notable items (after-tax) (Non-GAAP) (a) $4 $— $2 $6 $(3) Adjusted NI (Non-GAAP) $278 $266 $268 $272 $241 NI (annualized) (GAAP) d $1,101 $1,079 $1,054 $1,055 $980 Adjusted NI (annualized) (Non-GAAP) e $1,116 $1,079 $1,064 $1,079 $967 Average assets (GAAP) f $84,097 $83,045 $83,081 $82,049 $81,958 ROA (GAAP) d/f 1.31% 1.30% 1.27% 1.29% 1.20% Adjusted ROA (Non-GAAP) e/f 1.33% 1.30% 1.28% 1.32% 1.18% Return on Average Common Equity ("ROCE")/ Return on Average Tangible Common Equity ("ROTCE")/ Adjusted ROTCE $ in millions, except per share data Quarterly, Unaudited Annual, Unaudited Last Four 2Q26 1Q26 4Q25 3Q25 2Q25 2025 2024 Quarters NIAC (annualized) (GAAP) g $1,044 $1,044 $1,018 $1,007 $933 $956 $738 $1,028 Adjusted NIAC (annualized) (Non-GAAP) h $1,049 $1,044 $1,028 $1,042 $919 $968 $843 $1,041 Average Common Equity (GAAP) i $8,468 $8,514 $8,491 $8,579 $8,376 $8,459 $8,391 $8,513 Intangible Assets (GAAP) (b) $1,603 $1,611 $1,619 $1,628 $1,638 $1,633 $1,674 $1,615 Average Tangible Common Equity (Non-GAAP) j $6,865 $6,903 $6,872 $6,950 $6,738 $6,826 $6,717 $6,897 Equity Adjustment (Non-GAAP) $— $— $— $— $— $4 $20 $8 Adjusted Average Tangible Common Equity (Non-GAAP) k $6,865 $6,903 $6,872 $6,950 $6,738 $6,830 $6,737 $6,890 ROCE (GAAP) g/i 12.33% 12.26% 11.99% 11.74% 11.14% 11.30% 8.80% 12.08% ROTCE (Non-GAAP) g/j 15.21% 15.12% 14.82% 14.49% 13.85% 14.01% 10.99% 14.91% Adjusted ROTCE (Non-GAAP) h/k 15.29% 15.12% 14.96% 15.00% 13.65% 14.18% 12.51% 15.11% Slides in this presentation use non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Reconciliation to GAAP financials 27 (a) Adjusted for notable items as detailed on page 25. (b) Includes goodwill and other intangible assets, net of amortization. Numbers may not total due to rounding.

©2026 First Horizon Bank. Member FDIC. $ in millions Quarterly, Unaudited 2Q26 1Q26 4Q25 3Q25 2Q25 Adjusted Noninterest Income as a % of Total Revenue Noninterest income (GAAP) l $211 $195 $212 $215 $189 Plus notable items (pretax) (GAAP) (a) $— $— $— $— $— Adjusted noninterest income (Non-GAAP) m $211 $195 $212 $215 $189 Revenue (GAAP) n $887 $862 $888 $889 $830 Taxable-equivalent adjustment $3 $3 $3 $3 $4 Revenue- Taxable-equivalent (Non-GAAP) $890 $865 $892 $893 $833 Plus notable items (pretax) (GAAP) (a) $— $— $— $— $— Adjusted revenue (Non-GAAP) o $890 $865 $892 $893 $833 Securities gains/(losses) (GAAP) p $— $(1) $— $— $— Noninterest income as a % of total revenue (GAAP) (l-p)/(n-p) 23.73% 22.63% 23.89% 24.16% 22.73% Adjusted noninterest income as a % of total revenue (Non-GAAP) (m-p)/(o-p) 23.65% 22.55% 23.80% 24.07% 22.63% Adjusted Efficiency Ratio Noninterest expense (GAAP) q $531 $505 $545 $551 $491 Plus notable items (pretax) (GAAP) (a) $(5) $— $(3) $(8) $4 Adjusted noninterest expense (Non-GAAP) r $526 $505 $541 $542 $495 Revenue (GAAP) s $887 $862 $888 $889 $830 Taxable-equivalent adjustment $3 $3 $3 $3 $4 Revenue- Taxable-equivalent (Non-GAAP) $890 $865 $892 $893 $833 Plus notable items (pretax) (GAAP) (a) — — — — — Adjusted revenue (Non-GAAP) t $890 $865 $892 $893 $833 Securities gains/(losses) (GAAP) u $— $(1) $— $— $— Efficiency ratio (GAAP) q/(s-u) 59.88% 58.54% 61.33% 61.92% 59.20% Adjusted efficiency ratio (Non-GAAP) r/(t-u) 59.11% 58.34% 60.73% 60.76% 59.47% Slides in this presentation use non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Reconciliation to GAAP financials (a) Adjusted for notable items as detailed on page 25. Numbers may not total due to rounding. 28

©2026 First Horizon Bank. Member FDIC. $ in millions Period end Average 2Q26 1Q26 2Q26 vs. 1Q26 2Q26 1Q26 2Q26 vs. 1Q26 Loans excluding LMC Total Loans (GAAP) $65,330 $64,377 $953 1% $64,695 $63,192 $1,503 2% LMC (GAAP) 4,759 4,641 118 3% 4,284 3,884 399 10% Total Loans excl. LMC (non-GAAP) 60,571 59,736 835 1% 60,411 59,308 1,104 2% Total Consumer (GAAP) 14,439 14,490 (50) —% 14,439 14,567 (128) (1)% Total Commercial excl. LMC (non-GAAP) 46,131 45,246 886 2% 45,972 44,741 1,232 3% Total CRE (GAAP) 13,595 13,420 175 1% 13,510 13,417 93 1% Total C&I excl. LMC (non-GAAP) $32,536 $31,826 $710 2% $32,462 $31,324 $1,138 4% $ in millions Quarterly, Unaudited 2Q26 1Q26 4Q25 3Q25 2Q25 Allowance for credit losses to loans and leases and Allowance for credit losses to nonperforming loans and leases Allowance for loan and lease losses (GAAP) A $709 $730 $738 $777 $814 Reserve for unfunded commitments (GAAP) 99 96 101 93 87 Allowance for credit losses (Non-GAAP) B $808 $826 $839 $870 $901 Loans and leases (GAAP) C $65,330 $64,377 $64,156 $63,058 $63,260 Nonaccrual loans and leases (GAAP) D $531 $606 $604 $605 $593 Allowance for loan and lease losses to loans and leases (GAAP) A/C 1.09% 1.13% 1.15% 1.23% 1.29% Allowance for credit losses to loans and leases (Non-GAAP) B/C 1.24% 1.28% 1.31% 1.38% 1.42% Allowance for loan and lease losses to nonperforming loans and leases (GAAP) A/D 133% 120% 122% 128% 137% Allowance for credit losses to nonperforming loans and leases (Non-GAAP) B/D 152% 136% 139% 144% 152% Slides in this presentation use non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Reconciliation to GAAP financials 29 Numbers may not total due to rounding.

©2026 First Horizon Bank. Member FDIC. $ in millions Quarterly, Unaudited 2Q26 1Q26 4Q25 3Q25 2Q25 Adjusted noninterest income excluding deferred compensation income Noninterest income (GAAP) $211 $195 $212 $215 $189 Plus notable items (pretax) (GAAP) (a) — — — — — Adjusted noninterest income (non-GAAP) $211 $195 $212 $215 $189 Less adjusted deferred compensation income (GAAP) 15 (3) 3 8 8 Adjusted noninterest income excluding deferred compensation income (non-GAAP) $196 $197 $209 $207 $181 Adjusted revenue excluding deferred compensation income Revenue (GAAP) $887 $862 $888 $889 $830 Taxable-equivalent adjustment $3 $3 $3 $3 $4 Revenue- Taxable-equivalent (non-GAAP) $890 $865 $892 $893 $833 Plus notable items (pretax) (GAAP) (a) $— $— $— $— $— Adjusted revenue (non-GAAP) $890 $865 $892 $893 $833 Less adjusted deferred compensation income (GAAP) 15 (3) 3 8 8 Adjusted revenue excluding adjusted deferred compensation income (non-GAAP) $875 $868 $889 $884 $826 Adjusted noninterest expense excluding deferred compensation expense Noninterest expense (GAAP) $531 $505 $545 $551 $491 Plus notable items (pretax) (GAAP) (a) $(5) $— $(3) $(8) $4 Adjusted noninterest expense (non-GAAP) $526 $505 $541 $542 $495 Less adjusted deferred compensation expense (GAAP) 13 (2) 3 8 7 Adjusted noninterest expense excluding deferred compensation expense (non-GAAP) $513 $507 $538 $534 $489 Adjusted personnel expense excluding deferred compensation expense Personnel expense (GAAP) $304 $289 $303 $296 $282 Plus notable items (pretax) (GAAP) (a) $— $— $— $— $4 Adjusted personnel expense (non-GAAP) $304 $289 $303 $296 $286 Less adjusted deferred compensation expense (GAAP) 13 (2) 3 8 7 Adjusted personnel expense excluding deferred compensation expense (non-GAAP) $291 $290 $300 $288 $279 Slides in this presentation use non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Reconciliation to GAAP financials (a) Adjusted for notable items as detailed on page 25. Numbers may not total due to rounding. 30

©2026 First Horizon Bank. Member FDIC. $ in millions Quarterly, Unaudited 2Q26 1Q26 4Q25 3Q25 2Q25 Adjusted Pre-provision Net Revenue (PPNR) Pre-tax income (GAAP) $ 341 $ 342 $ 343 $ 344 $ 309 Plus notable items (pretax) (GAAP) (a) 5 — 3 8 (4) Adjusted Pre-tax income (non-GAAP) $ 346 $ 342 $ 347 $ 352 $ 304 Plus provision for credit losses expense (GAAP) 15 15 — (5) 30 Adjusted Pre-provision net revenue (PPNR) (non-GAAP) $ 361 $ 357 $ 347 $ 347 $ 334 Taxable-equivalent adjustment 3 3 3 3 4 Adjusted Pre-provision net revenue-Taxable-equivalent (non-GAAP) $ 364 $ 360 $ 350 $ 351 $ 338 $ in millions 2024 2025 2026 YTD 2019 2020 2021 2022 2023 Annualized Adjusted Pre-provision Net Revenue (PPNR) Pre-tax Income (GAAP) $586 $933 $1,284 $1,159 $1,128 $1,005 $1,281 $1,377 Provision for Credit Losses Expense (GAAP) 45 503 (310) 95 260 150 65 60 Total PPNR (non-GAAP) $631 $1,436 $974 $1,254 $1,388 $1,155 $1,346 $1,437 Taxable-equivalent adjustment (9) (11) (12) (13) (16) (15) (14) (12) Notable Items (GAAP) (a) (114) 363 (235) (107) 33 (129) (13) (10) Adjusted PPNR (non-GAAP) $754 $1,084 $1,222 $1,374 $1,370 $1,299 $1,372 $1,460 All Other adjusted PPNR (non-GAAP) $596 $678 $875 $1,266 $1,344 $1,218 $1,254 $1,344 Counter-cyclical Adjusted PPNR (non-GAAP) $158 $406 $347 $108 $26 $81 $118 $116 Slides in this presentation use non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Reconciliation to GAAP financials (a) Adjusted for notable items as detailed on page 25. Numbers may not total due to rounding. Notable items can be found in the appendices of earnings releases in previously furnished 8-K filings related to the periods shown. 31

©2026 First Horizon Bank. Member FDIC. Slides in this presentation use non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Reconciliation to GAAP financials (a) Adjusted for notable items as detailed on page 25 32 $ in millions, except per share data Quarterly, Unaudited 2Q26 1Q26 1H26 2Q25 1Q25 1H25 Adjusted Diluted EPS Net income available to common ("NIAC") (GAAP) $260 $257 $518 $233 $213 $446 Plus Tax effected notable items (Non-GAAP) (a) $1 $— $1 $(3) $4 $1 Adjusted NIAC (Non-GAAP) $262 $257 $519 $229 $217 $447 Diluted Shares (GAAP) 480 487 483 514 523 519 Diluted EPS (GAAP) $0.54 $0.53 $1.07 $0.45 $0.41 $0.86 Adjusted diluted EPS (Non-GAAP) $0.54 $0.53 $1.07 $0.45 $0.42 $0.86 Adjusted noninterest income excluding deferred compensation income Noninterest income (GAAP) $211 $195 $405 $189 $181 $370 Plus notable items (pretax) (GAAP) (a) $— $— $— $— $— $— Adjusted noninterest income (non-GAAP) $211 $195 $405 $189 $181 $370 Less adjusted deferred compensation income (GAAP) $15 $(3) $13 $8 $(3) $5 Adjusted noninterest income excluding deferred compensation income (non-GAAP) $196 $197 $393 $181 $184 $365 Adjusted Pre-provision Net Revenue (PPNR) Pre-tax income (GAAP) $341 $342 $683 $309 $285 $593 Plus notable items (pretax) (GAAP) (a) $5 $— $5 $(4) $6 $1 Adjusted Pre-tax income (non-GAAP) $346 $342 $688 $304 $290 $595 Plus provision expense (GAAP) $15 $15 $30 $30 $40 $70 Adjusted Pre-provision net revenue (PPNR) (non-GAAP) $361 $357 $718 $334 $330 $665 Taxable-equivalent adjustment $3 $3 $6 $4 $3 $7 Adjusted Pre-provision net revenue-Taxable-equivalent (Non-GAAP) $364 $360 $724 $338 $334 $672

©2026 First Horizon Bank. Member FDIC. Slides in this presentation use non-GAAP information. That information is not presented according to generally accepted accounting principles (GAAP) and is reconciled to GAAP information below. Reconciliation to GAAP financials (a) Adjusted for notable items as detailed on page 25. (b) Includes goodwill and other intangible assets, net of amortization. Numbers may not total due to rounding. 33 $ in millions, except per share data Quarterly, Unaudited 2Q26 1Q26 1H26 2Q25 1Q25 1H25 Return on Average Common Equity ("ROCE")/ Return on Average Tangible Common Equity ("ROTCE")/ Adjusted ROTCE NIAC (GAAP) $260 $257 $518 $233 $213 $446 Plus Tax effected notable items (Non-GAAP) (a) $1 $— $1 $(3) $4 $1 Adjusted NIAC (Non-GAAP) $262 $257 $519 $229 $217 $447 NIAC (annualized) (GAAP) $1,044 $1,044 $1,044 $933 $864 $898 Adjusted NIAC (annualized) (Non-GAAP) $1,049 $1,044 $1,047 $919 $882 $901 Average Common Equity (GAAP) $8,468 $8,514 $8,491 $8,376 $8,389 $8,383 Intangible Assets (GAAP) (b) $1,603 $1,611 $1,607 $1,638 $1,648 $1,643 Average Tangible Common Equity (Non-GAAP) $6,865 $6,903 $6,884 $6,738 $6,742 $6,740 Equity Adjustment (Non-GAAP) $— $— $— $— $— $— Adjusted Average Tangible Common Equity (Non-GAAP) $6,865 $6,903 $6,884 $6,738 $6,742 $6,740 ROCE (GAAP) 12.33% 12.26% 12.30% 11.14% 10.30% 10.72% ROTCE (Non-GAAP) 15.21% 15.12% 15.17% 13.85% 12.81% 13.33% Adjusted ROTCE (Non-GAAP) 15.29% 15.12% 15.21% 13.65% 13.08% 13.36%