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Preferred Stock (Tables)

12 Months Ended

Dec. 31, 2020

The following table presents a summary of FHN's non-cumulative perpetual preferred stock:


										December 31,
										2020		2019
(Dollars in millions)	Issuance Date	Earliest Redemption Date (a)	Annual Dividend Rate			Dividend Payments	Shares Outstanding	Liquidation Amount		Carrying Amount		Carrying Amount

Series A	1/31/2013	4/10/2018	6.200	%		Quarterly	1,000	$	100	$	96	$	96
Series B	7/2/2020	8/1/2025	6.625	%	(b)	Semi-annually	8,000	80		77		—
Series C	7/2/2020	5/1/2026	6.600	%	(c)	Quarterly	5,750	58		59		—
Series D	7/2/2020	5/1/2024	6.100	%	(d)	Semi-annually	10,000	100		93		—
Series E	5/28/2020	10/10/2025	6.500	%		Quarterly	1,500	150		145		—
							26,250	$	488	$	470	$	96

(a) Denotes earliest optional redemption date. Earlier redemption is possible, at FHN's election, if certain regulatory capital events occur.

(b) Fixed dividend rate will reset on August 1, 2025 to three-month LIBOR plus 4.262%

(d) Fixed dividend rate will reset on May 1, 2024 to three-month LIBOR plus 3.859%

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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+ Details