Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting, Measurement Disclosures [Abstract]

Amounts Of Consolidated Revenue, Expense, Tax And Assets

The following tables reflect financial information for each reportable business segment for the three and nine months ended September 30, 2021 and 2020:

	Three Months Ended September 30, 2021
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Net interest income (expense)	$	444	$	154	$	(106)	$	492
Provision for credit losses	(52)		(33)		—		(85)
Noninterest income	112		142		(7)		247
Noninterest expense	301		141		84		526
Income (loss) before income taxes	307		188		(197)		298
Income tax expense (benefit)	72		45		(54)		63
Net income (loss)	$	235	$	143	$	(143)	$	235
Average assets	$	40,722	$	20,460	$	27,219	$	88,401
	Three Months Ended September 30, 2020
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Net interest income (expense)	$	448	$	161	$	(77)	$	532
Provision for credit losses	194		34		(1)		227
Noninterest income	97		181		545		823
Noninterest expense	301		138		148		587
Income (loss) before income taxes	50		170		321		541
Income tax expense (benefit)	9		41		(48)		2
Net income (loss)	$	41	$	129	$	369	$	539
Average assets	$	43,703	$	21,693	$	16,287	$	81,683

	Nine Months Ended September 30, 2021
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Net interest income (expense)	$	1,314	$	464	$	(282)	$	1,496
Provision for credit losses	(172)		(61)		(12)		(245)
Noninterest income	320		476		33		829
Noninterest expense (a)	851		441		275		1,567
Income (loss) before income taxes	955		560		(512)		1,003
Income tax expense (benefit)	223		135		(136)		222
Net income (loss)	$	732	$	425	$	(376)	$	781
Average assets	$	41,757	$	20,669	$	24,705	$	87,131
(a) Includes $35 million in asset impairments related to IBKC merger integration efforts in the Corporate segment.

	Nine Months Ended September 30, 2020
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Net interest income (expense)	$	853	$	400	$	(113)	$	1,140
Provision for credit losses	394		106		2		502
Noninterest income	239		410		555		1,204
Noninterest expense	639		359		212		1,210
Income (loss) before income taxes	59		345		228		632
Income tax expense (benefit)	7		84		(71)		20
Net income (loss)	$	52	$	261	$	299	$	612
Average assets	$	27,962	$	18,885	$	10,963	$	57,810

The following tables reflect a disaggregation of FHN’s noninterest income by major product line and reportable segment for the three and nine months ended September 30, 2021 and 2020:

	Three months ended September 30, 2021
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Noninterest income:
Fixed income (a)	$	—	$	96	$	—	$	96
Deposit transactions and cash management	39		3		2		44
Mortgage banking and title income	—		33		1		34
Brokerage, management fees and commissions	24		—		—		24
Bankcard income	14		1		—		15
Trust services and investment management	13		—		—		13
Securities gains (losses), net (b)	—		—		1		1
Loss on debt extinguishment	—		—		(23)		(23)
Other income (c)	22		9		12		43
Total noninterest income	$	112	$	142	$	(7)	$	247

(a)Includes $12 million of underwriting, portfolio advisory, and other noninterest income in scope of 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 noninterest income.

(c)Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commissions in scope of ASC 606.

	Three months ended September 30, 2020
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Noninterest income:
Fixed income (a)	$	—	$	111	$	—	$	111
Mortgage banking and title income	—		66		—		66
Deposit transactions and cash management	38		2		2		42
Brokerage, management fees and commissions	18		—		—		18
Trust services and investment management	12		—		—		12
Bankcard income	10		—		—		10
Securities gains (losses), net (b)	—		—		(1)		(1)
Purchase accounting gain	—		—		532		532
Other income (c)	19		2		12		33
Total noninterest income	$	97	$	181	$	545	$	823

(a)Includes $10 million of underwriting, portfolio advisory, and other noninterest income in scope of 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 noninterest income.

(c)Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commissions in scope of ASC 606.

	Nine Months Ended September 30, 2021
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Noninterest income:
Fixed income (a)	$	1	$	323	$	—	$	324
Deposit transactions and cash management	117		8		5		130
Mortgage banking and title income	—		124		2		126
Brokerage, management fees and commissions	65		—		—		65
Bankcard income	37		2		1		40
Trust services and investment management	39		—		—		39
Securities gains (losses), net (b)	—		—		12		12
Purchase accounting gain	—		—		(1)		(1)
Loss on debt extinguishment	—		—		(23)		(23)
Other income (c)	61		19		37		117
Total noninterest income	$	320	$	476	$	33	$	829

(a)Includes $35 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 noninterest income.

(c)Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commissions in scope of ASC 606.

	Nine Months Ended September 30, 2020
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Noninterest income:
Fixed income (a)	$	1	$	318	$	—	$	319
Deposit transactions and cash management	91		8		4		103
Mortgage banking and title income	—		71		1		72
Brokerage, management fees and commissions	47		—		—		47
Trust services and investment management	27		—		—		27
Bankcard income	23		1		—		24
Securities gains (losses), net (b)	—		—		(2)		(2)
Purchase accounting gain	—		—		532		532
Other income (c)	50		12		20		82
Total noninterest income	$	239	$	410	$	555	$	1,204

(a)Includes $29 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 noninterest income.

(c)Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commissions in scope of ASC 606.