First Horizon Bank, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

First Tennessee is a financial services company based in Memphis, Tennessee. It is a subsidiary of First Horizon National Corporation.

First Horizon National Corp. is now one of the 50 largest banking companies in the U.S. in asset size and market capitalization. Today's First Horizon National Corp. is made up of many businesses in addition to banking, all working together to build loyalty with customers by creating value for them.

The bank is a full-service provider of financial products and services for businesses and consumers. The company utilizes the First Tennessee Bank name in the state of Tennessee, its primary market and where it has dominant market share. Outside Tennessee (with the exception of suburban Memphis within Mississippi and Arkansas, and suburban Chattanooga in Georgia), it utilizes the First Horizon Bank nameplate, the company's official name.

First Tennessee is the only major bank headquartered in the state. Until recently, it had expanded into Northern Virginia (2003), Maryland (2003), Georgia and Texas, selling these expansions to be able to concentrate on its core market during the mortgage crisis.

Its logo is a cutout portion of the Tennessee state flag. Though the logo is shared among all three subsidiaries of FHNC, the First Horizon name is virtually nonexistent in Tennessee, and the First Tennessee name is virtually nonexistent outside of Tennessee.