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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting, Measurement Disclosures [Abstract]  
Amounts Of Consolidated Revenue, Expense, Tax And Assets
The following table reflects the amounts of consolidated revenue, expense, tax, and average assets for each segment for the three months ended March 31:
 
 
 
Three Months Ended
March 31
(Dollars in thousands)
 
2019
 
2018
Consolidated
 
 
 
 
Net interest income
 
$
294,508

 
$
301,173

Provision/(provision credit) for loan losses
 
9,000

 
(1,000
)
Noninterest income
 
141,045

 
136,017

Noninterest expense
 
296,090

 
313,265

Income/(loss) before income taxes
 
130,463

 
124,925

Provision/(benefit) for income taxes
 
27,058

 
29,931

Net income/(loss)
 
$
103,405

 
$
94,994

Average assets
 
$
40,883,192

 
$
40,350,724


 
 
Three Months Ended
March 31
(Dollars in thousands)
 
2019
 
2018
Regional Banking
 
 
 
 
Net interest income
 
$
287,157

 
$
293,194

Provision/(provision credit) for loan losses
 
13,958

 
4,458

Noninterest income
 
72,117

 
79,963

Noninterest expense
 
199,959

 
201,749

Income/(loss) before income taxes
 
145,357

 
166,950

Provision/(benefit) for income taxes
 
33,693

 
39,340

Net income/(loss)
 
$
111,664

 
$
127,610

Average assets
 
$
28,889,492

 
$
28,171,416

Fixed Income
 
 
 
 
Net interest income
 
$
7,322

 
$
8,475

Noninterest income
 
53,807

 
45,605

Noninterest expense
 
51,227

 
49,931

Income/(loss) before income taxes
 
9,902

 
4,149

Provision/(benefit) for income taxes
 
2,283

 
896

Net income/(loss)
 
$
7,619

 
$
3,253

Average assets
 
$
2,849,939

 
$
3,479,425

Corporate
 
 
 
 
Net interest income/(expense)
 
$
(7,853
)
 
$
(16,184
)
Noninterest income
 
13,352

 
9,316

Noninterest expense
 
40,351

 
53,329

Income/(loss) before income taxes
 
(34,852
)
 
(60,197
)
Provision/(benefit) for income taxes
 
(11,403
)
 
(13,771
)
Net income/(loss)
 
$
(23,449
)
 
$
(46,426
)
Average assets
 
$
8,050,162

 
$
7,115,661

Non-Strategic
 
 
 
 
Net interest income
 
$
7,882

 
$
15,688

Provision/(provision credit) for loan losses
 
(4,958
)
 
(5,458
)
Noninterest income
 
1,769

 
1,133

Noninterest expense
 
4,553

 
8,256

Income/(loss) before income taxes
 
10,056

 
14,023

Provision/(benefit) for income taxes
 
2,485

 
3,466

Net income/(loss)
 
$
7,571

 
$
10,557

Average assets
 
$
1,093,599

 
$
1,584,222

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













The following tables reflect a disaggregation of FHN’s noninterest income by major product line and reportable segment for the three months ended March 31, 2019 and 2018:
 
Three months ended March 31, 2019
(Dollars in thousands)
Regional Banking
 
Fixed Income
 
Corporate
 
Non-Strategic
 
Consolidated
Noninterest income:
 
 
 
 
 
 
 
 
 
Fixed income (a)
$
17

 
$
53,732

 
$

 
$

 
$
53,749

Deposit transactions and cash management
30,005

 
3

 
1,563

 
50

 
31,621

Brokerage, management fees and commissions
12,629

 

 

 
4

 
12,633

Trust services and investment management
7,056

 

 
(30
)
 

 
7,026

Bankcard income
6,102

 

 
62

 
(149
)
 
6,015

BOLI (b)

 

 
4,402

 

 
4,402

Debt securities gains/(losses), net (b)

 

 

 

 

Equity securities gains/(losses), net (b)

 

 
31

 

 
31

All other income and commissions (c)
16,308

 
72

 
7,324

 
1,864

 
25,568

     Total noninterest income
$
72,117

 
$
53,807

 
$
13,352

 
$
1,769

 
$
141,045

(a)
Includes $7.3 million of underwriting, portfolio advisory, and other noninterest income in scope of Accounting Standards Codification ("ASC") 606, "Revenue From Contracts With Customers."
(b)
Represents noninterest income excluded from the scope of ASC 606. Amount is presented for informational purposes to reconcile total non-interest income.
(c)
Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commission in scope of ASC 606.

 
Three months ended March 31, 2018
(Dollars in thousands)
Regional Banking
 
Fixed Income
 
Corporate
 
Non- Strategic
 
Consolidated
Noninterest income:
 
 
 
 
 
 
 
 
 
Fixed income (a)
$
81

 
$
45,425

 
$

 
$

 
$
45,506

Deposit transactions and cash management
34,722

 
3

 
1,209

 
50

 
35,984

Brokerage, management fees and commissions
13,483

 

 

 

 
13,483

Trust services and investment management
7,292

 

 
(15
)
 

 
7,277

Bankcard income
6,279

 

 
56

 
110

 
6,445

BOLI (b)

 

 
3,993

 

 
3,993

Debt securities gains/(losses), net (b)

 

 
52

 

 
52

Equity securities gains/(losses), net (b)

 

 
34

 

 
34

All other income and commissions (c) (d)
18,106

 
177

 
3,987

 
973

 
23,243

     Total noninterest income
$
79,963

 
$
45,605

 
$
9,316

 
$
1,133

 
$
136,017

Certain previously reported amounts have been reclassified to agree with current presentation.
(a)
Includes $8.2 million of underwriting, portfolio advisory, and other noninterest income in scope of Accounting Standards Codification ("ASC") 606, "Revenue From Contracts With Customers."
(b)
Represents noninterest income excluded from the scope of ASC 606. Amount is presented for informational purposes to reconcile total non-interest income.
(c)
Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commission in scope of ASC 606.
(d)
Corporate includes a $3.3 million gain on the sale of a building.