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Business Segment Information (Tables)
 6 Months Ended
Jun. 30, 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 and six months ended June 30:
 
 
 
Three Months Ended
June 30
 
Six Months Ended
June 30
(Dollars in thousands)
 
2019
 
2018
 
2019
 
2018
Consolidated
 
 
 
 
 
 
 
 
Net interest income
 
$
303,610

 
$
310,932

 
$
598,118

 
$
612,105

Provision/(provision credit) for loan losses
 
13,000

 
—

 
22,000

 
(1,000
)
Noninterest income
 
157,993

 
127,525

 
299,038

 
263,542

Noninterest expense
 
300,394

 
332,768

 
596,484

 
646,033

Income/(loss) before income taxes
 
148,209

 
105,689

 
278,672

 
230,614

Provision/(benefit) for income taxes
 
34,467

 
19,697

 
61,525

 
49,628

Net income/(loss)
 
$
113,742

 
$
85,992

 
$
217,147

 
$
180,986

Average assets
 
$
41,243,007

 
$
40,173,712

 
$
41,064,093

 
$
40,261,729


 
 
Three Months Ended
June 30
 
Six Months Ended
June 30
(Dollars in thousands)
 
2019
 
2018
 
2019
 
2018
Regional Banking
 
 
 
 
 
 
 
 
Net interest income
 
$
297,328

 
$
305,935

 
$
583,241

 
$
598,084

Provision/(provision credit) for loan losses
 
17,775

 
4,613

 
31,218

 
8,950

Noninterest income
 
81,475

 
80,767

 
154,505

 
161,055

Noninterest expense
 
193,268

 
210,038

 
392,736

 
412,712

Income/(loss) before income taxes
 
167,760

 
172,051

 
313,792

 
337,477

Provision/(benefit) for income taxes
 
39,504

 
40,424

 
73,364

 
79,387

Net income/(loss)
 
$
128,256

 
$
131,627

 
$
240,428

 
$
258,090

Average assets
 
$
30,209,191

 
$
28,401,733

 
$
29,513,197

 
$
28,231,978

Fixed Income
 
 
 
 
 
 
 
 
Net interest income
 
$
6,171

 
$
9,200

 
$
13,502

 
$
17,688

Noninterest income
 
65,622

 
38,363

 
119,429

 
83,967

Noninterest expense
 
55,770

 
46,933

 
106,544

 
96,296

Income/(loss) before income taxes
 
16,023

 
630

 
26,387

 
5,359

Provision/(benefit) for income taxes
 
3,781

 
(69
)
 
6,178

 
970

Net income/(loss)
 
$
12,242

 
$
699

 
$
20,209

 
$
4,389

Average assets
 
$
3,127,333

 
$
3,247,620

 
$
2,988,575

 
$
3,361,438

Corporate
 
 
 
 
 
 
 
 
Net interest income/(expense)
 
$
(7,000
)
 
$
(17,177
)
 
$
(14,803
)
 
$
(33,373
)
Noninterest income
 
9,400

 
8,738

 
22,752

 
18,054

Noninterest expense (a) (b)
 
55,500

 
67,868

 
95,874

 
121,218

Income/(loss) before income taxes
 
(53,100
)
 
(76,307
)
 
(87,925
)
 
(136,537
)
Provision/(benefit) for income taxes
 
(13,150
)
 
(22,960
)
 
(24,546
)
 
(36,739
)
Net income/(loss)
 
$
(39,950
)
 
$
(53,347
)
 
$
(63,379
)
 
$
(99,798
)
Average assets
 
$
6,814,261

 
$
6,963,450

 
$
7,428,906

 
$
7,039,301

Non-Strategic
 
 
 
 
 
 
 
 
Net interest income
 
$
7,111

 
$
12,974

 
$
16,178

 
$
29,706

Provision/(provision credit) for loan losses
 
(4,775
)
 
(4,613
)
 
(9,218
)
 
(9,950
)
Noninterest income
 
1,496

 
(343
)
 
2,352

 
466

Noninterest expense
 
(4,144
)
 
7,929

 
1,330

 
15,807

Income/(loss) before income taxes
 
17,526

 
9,315

 
26,418

 
24,315

Provision/(benefit) for income taxes
 
4,332

 
2,302

 
6,529

 
6,010

Net income/(loss)
 
$
13,194

 
$
7,013

 
$
19,889

 
$
18,305

Average assets
 
$
1,092,222

 
$
1,560,909

 
$
1,133,415

 
$
1,629,012

Certain previously reported amounts have been reclassified to agree with current presentation.
(a)
Three and six months ended June 30, 2019 include restructuring-related costs associated with efficiency initiatives; refer to Note 18 - Restructuring, Repositioning, and Efficiency for additional information. Three and six months ended June 30, 2019 and 2018 include acquisition-related expenses; refer to Note 2 - Acquisitions and Divestitures for additional information.
(b)
Three and six months ended June 30, 2019 include $9.1 million of asset impairments, professional fees, and other customer-contact and technology-related expenses associated with rebranding initiatives.








The following tables reflect a disaggregation of FHN’s noninterest income by major product line and reportable segment for the three months ended June 30, 2019 and 2018:
 
Three months ended June 30, 2019
(Dollars in thousands)
Regional Banking
 
Fixed Income
 
Corporate
 
Non-Strategic
 
Consolidated
Noninterest income:
 
 
 
 
 
 
 
 
 
Fixed income (a)
$
46

 
$
65,262

 
$
—

 
$
1,106

 
$
66,414

Deposit transactions and cash management
30,608

 
1

 
1,707

 
58

 
32,374

Brokerage, management fees and commissions
14,118

 
—

 
—

 
2

 
14,120

Trust services and investment management
7,902

 
—

 
(14
)
 
—

 
7,888

Bankcard income
6,594

 
—

 
60

 
(299
)
 
6,355

BOLI (b)
—

 
—

 
5,126

 
—

 
5,126

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

 
—

 
(267
)
 
—

 
(267
)
Equity securities gains/(losses), net (b)
—

 
—

 
316

 
—

 
316

All other income and commissions (c)
22,207

 
359

 
2,472

 
629

 
25,667

     Total noninterest income
$
81,475

 
$
65,622

 
$
9,400

 
$
1,496

 
$
157,993

(a)
Includes $7.1 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 June 30, 2018
(Dollars in thousands)
Regional Banking
 
Fixed Income
 
Corporate
 
Non- Strategic
 
Consolidated
Noninterest income:
 
 
 
 
 
 
 
 
 
Fixed income (a)
$
131

 
$
37,566

 
$
—

 
$
—

 
$
37,697

Deposit transactions and cash management
34,511

 
3

 
1,514

 
55

 
36,083

Brokerage, management fees and commissions
13,740

 
—

 
—

 
—

 
13,740

Trust services and investment management
8,147

 
—

 
(15
)
 
—

 
8,132

Bankcard income
7,202

 
—

 
55

 
(62
)
 
7,195

BOLI (b)
—

 
—

 
5,773

 
—

 
5,773

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

 
—

 
—

 
—

 
—

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

 
—

 
31

 
—

 
31

All other income and commissions (c)
17,036

 
794

 
1,380

 
(336
)
 
18,874

     Total noninterest income
$
80,767

 
$
38,363

 
$
8,738

 
$
(343
)
 
$
127,525

Certain previously reported amounts have been reclassified to agree with current presentation.
(a)
Includes $7.4 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.




 
Six months ended June 30, 2019
(Dollars in thousands)
Regional Banking
 
Fixed Income
 
Corporate
 
Non-Strategic
 
Consolidated
Noninterest income:
 
 
 
 
 
 
 
 
 
Fixed income (a)
$
63

 
$
118,994

 
$
—

 
$
1,106

 
$
120,163

Deposit transactions and cash management
60,611

 
4

 
3,270

 
110

 
63,995

Brokerage, management fees and commissions
26,748

 
—

 
—

 
5

 
26,753

Trust services and investment management
14,958

 
—

 
(44
)
 
—

 
14,914

Bankcard income
13,634

 
—

 
122

 
(449
)
 
13,307

BOLI (b)
—

 
—

 
9,528

 
—

 
9,528

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

 
—

 
(267
)
 
—

 
(267
)
Equity securities gains/(losses), net (b)
—

 
—

 
347

 
—

 
347

All other income and commissions (c)
38,491

 
431

 
9,796

 
1,580

 
50,298

     Total noninterest income
$
154,505

 
$
119,429

 
$
22,752

 
$
2,352

 
$
299,038

(a)
Includes $14.4 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.

 
Six months ended June 30, 2018
(Dollars in thousands)
Regional Banking
 
Fixed Income
 
Corporate
 
Non- Strategic
 
Consolidated
Noninterest income:
 
 
 
 
 
 
 
 
 
Fixed income (a)
$
212

 
$
82,991

 
$
—

 
$
—

 
$
83,203

Deposit transactions and cash management
69,230

 
6

 
2,726

 
105

 
72,067

Brokerage, management fees and commissions
27,223

 
—

 
—

 
—

 
27,223

Trust services and investment management
15,438

 
—

 
(29
)
 
—

 
15,409

Bankcard income
13,831

 
—

 
112

 
47

 
13,990

BOLI (b)
—

 
—

 
9,766

 
—

 
9,766

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

 
—

 
52

 
—

 
52

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

 
—

 
65

 
—

 
65

All other income and commissions (c) (d)
35,121

 
970

 
5,362

 
314

 
41,767

     Total noninterest income
$
161,055

 
$
83,967

 
$
18,054

 
$
466

 
$
263,542

Certain previously reported amounts have been reclassified to agree with current presentation.
(a)
Includes $15.6 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.