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Fair Value of Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis The following tables present the balances of assets and liabilities measured at fair value on a recurring basis as of June 30, 2022 and December 31, 2021:
BALANCES OF ASSETS & LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS
 June 30, 2022
(Dollars in millions)Level 1Level 2Level 3Total
Trading securities:
U.S. treasuries$— $19 $— $19 
Government agency issued MBS— 228 — 228 
Government agency issued CMO— 223 — 223 
Other U.S. government agencies— 50 — 50 
States and municipalities— 13 — 13 
Corporate and other debt— 833 — 833 
Interest-only strips (elected fair value)— — 26 26 
Total trading securities— 1,366 26 1,392 
Loans held for sale (elected fair value)— 109 34 143 
Securities available for sale:
Government agency issued MBS— 4,779 — 4,779 
Government agency issued CMO— 2,626 — 2,626 
Other U.S. government agencies— 974 — 974 
States and municipalities— 562 — 562 
Total securities available for sale— 8,941 — 8,941 
Other assets:
Deferred compensation mutual funds115 — — 115 
Equity, mutual funds, and other22 — — 22 
Derivatives, forwards and futures22 — — 22 
Derivatives, interest rate contracts— 166 — 166 
Derivatives, other— 1 — 1 
Total other assets159 167 — 326 
Total assets$159 $10,583 $60 $10,802 
Trading liabilities:
U.S. treasuries$— $298 $— $298 
Government issued agency CMO— 1 — 1 
Corporate and other debt— 95 — 95 
Total trading liabilities— 394 — 394 
Other liabilities:
Derivatives, forwards and futures21 — — 21 
Derivatives, interest rate contracts— 556 — 556 
Derivatives, other— 1 28 29 
Total other liabilities21 557 28 606 
Total liabilities$21 $951 $28 $1,000 
 December 31, 2021
(Dollars in millions)Level 1Level 2Level 3Total
Trading securities:
U.S. treasuries$— $85 $— $85 
Government agency issued MBS— 464 — 464 
Government agency issued CMO— 62 — 62 
Other U.S. government agencies— 276 — 276 
States and municipalities— 34 — 34 
Corporate and other debt— 642 — 642 
Interest-only strips (elected fair value)— — 38 38 
Total trading securities— 1,563 38 1,601 
Loans held for sale (elected fair value)— 230 28 258 
Securities available for sale:
Government agency issued MBS— 5,055 — 5,055 
Government agency issued CMO— 2,257 — 2,257 
Other U.S. government agencies— 850 — 850 
States and municipalities— 545 — 545 
Total securities available for sale— 8,707 — 8,707 
Other assets:
Deferred compensation mutual funds125 — — 125 
Equity, mutual funds, and other25 — — 25 
Derivatives, forwards and futures12 — — 12 
Derivatives, interest rate contracts— 311 — 311 
Derivatives, other— 1 — 1 
Total other assets162 312 — 474 
Total assets$162 $10,812 $66 $11,040 
Trading liabilities:
U.S. treasuries$— $334 $— $334 
Government agency issued MBS— 1 — 1 
Corporate and other debt— 91 — 91 
Total trading liabilities— 426 — 426 
Other liabilities:
Derivatives, forwards and futures11 — — 11 
Derivatives, interest rate contracts— 93 — 93 
Derivatives, other— 1 23 24 
Total other liabilities11 94 23 128 
Total liabilities$11 $520 $23 $554 
Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value
The changes in Level 3 assets and liabilities measured at fair value for the three months ended June 30, 2022 and 2021 on a recurring basis are summarized as follows:
CHANGES IN LEVEL 3 ASSETS & LIABILITIES MEASURED AT FAIR VALUE
 Three Months Ended June 30, 2022 
(Dollars in millions)Interest-only stripsLoans held
for sale		Net 
derivative
liabilities
Balance on April 1, 2022$12 $32 $(18)
Total net gains (losses) included in net income(3)— (12)
Settlements— — 2 
Net transfers into (out of) Level 317 (b)2 — 
Balance on June 30, 2022$26 $34 $(28)
Net unrealized gains (losses) included in net income$(3)(c)$— (a)$(12)(d)
 
 Three Months Ended June 30, 2021 
(Dollars in millions)Interest-only strips-AFSLoans held for saleLoans
 held for investment		Net 
derivative
liabilities
Balance on April 1, 2021$22  $12 $17 $(21)
Total net gains (losses) included in net income(1) 1 — — 
Purchases— 5 — — 
Sales(6)(10)— — 
Settlements— (1)— 3 
Net transfers into (out of) Level 315 (b)18 (e)(17)(e)— 
Balance on June 30, 2021$30  $25 $— $(18)
Net unrealized gains (losses) included in net income$(1)(c)$1 (a)$— $— (d)
(a)Primarily included in mortgage banking and title income on the Consolidated Statements of Income.
(b)Transfers into interest-only strips level 3 measured on a recurring basis reflect movements from loans held for sale (Level 2 nonrecurring).
(c)Primarily included in fixed income on the Consolidated Statements of Income.
(d)Included in other expense.
(e)The loans held for investment at fair value option portfolio was transferred to the loans held for sale portfolio on April 1, 2021.
The changes in Level 3 assets and liabilities measured at fair value for the six months ended June 30, 2022 and 2021, on a recurring basis are summarized as follows: 
CHANGES IN LEVEL 3 ASSETS & LIABILITIES MEASURED AT FAIR VALUE
 Six Months Ended June 30, 2022 
(Dollars in millions)Interest-only stripsLoans held
for sale		Net  derivative
liabilities
Balance on January 1, 2022$38 $28  $(23)
Total net gains (losses) included in net income(3)—  (12)
Purchases— 1  — 
Sales(37)— — 
Settlements— (1)7 
Net transfers into (out of) Level 328 (b)6 — 
Balance on June 30, 2022$26 $34  $(28)
Net unrealized gains (losses) included in net income$(4)(c)$— (a)$(12)(d)
 
 Six Months Ended June 30, 2021 
(Dollars in millions)Interest-only strips-AFSLoans held for saleLoans held for investmentNet  derivative
liabilities
Balance on January 1, 2021$32  $12 $16 $(14)
Total net gains (losses) included in net income4  2 — (9)
Purchases— 5 — — 
Sales(33)(10)— — 
Settlements— (2)(2)5 
Net transfers into (out of) Level 327 (b)18 (e)(14)(e)— 
Balance on June 30, 2021$30 $25 $— $(18)
Net unrealized gains (losses) included in net income$1 (c)$2 (a)$— $(9)(d)
(a)Primarily included in mortgage banking and title income on the Consolidated Statements of Income.
(b)Transfers into interest-only strips level 3 measured on a recurring basis reflect movements from loans held for sale (Level 2 nonrecurring).
(c)Primarily included in fixed income on the Consolidated Statements of Income.
(d)Included in other expense.
(e)The loans held for investment at fair value option portfolio was transferred to the loans held for sale portfolio on April 1, 2021.
Nonrecurring Fair Value Measurements For assets measured at fair value on a nonrecurring basis which were still held on the Consolidated Balance Sheets at June 30, 2022, and December 31, 2021, respectively, the following tables provide the level of valuation assumptions used to determine each adjustment and the related carrying value.
LEVEL OF VALUATION ASSUMPTIONS FOR ASSETS MEASURED AT FAIR VALUE ON A NON-RECURRING BASIS
 Carrying value at June 30, 2022
(Dollars in millions)Level 1Level 2Level 3Total
Loans held for sale—SBAs and USDA$— $690 $— $690 
Loans held for sale—first mortgages— — 1 1 
Loans and leases (a)— — 133 133 
OREO (b)— — 2 2 
Other assets (c)— — 40 40 
 
 Carrying value at December 31, 2021
(Dollars in millions)Level 1Level 2Level 3Total
Loans held for sale—SBAs and USDA$— $852 $1 $853 
Loans held for sale—first mortgages— — 1 1 
Loans and leases (a)— — 84 84 
OREO (b)— — 3 3 
Other assets (c)— — 30 30 
(a)Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral less estimated costs to sell. Write-downs on these loans are recognized as part of provision for credit losses.
(b)Represents the fair value and related losses of foreclosed properties that were measured subsequent to their initial classification as OREO. Balance excludes OREO related to government insured mortgages.
(c)Represents tax credit investments accounted for under the equity method.
Gains/(losses) on Nonrecurring Fair Value Measurements
For assets measured on a nonrecurring basis which were still held on the Consolidated Balance Sheets at period end, the following table provides information about the fair value adjustments recorded during the three and six months ended June 30, 2022 and 2021:
FAIR VALUE ADJUSTMENTS ON ASSETS MEASURED ON A NONRECURRING BASIS
Net gains (losses)
Three Months Ended June 30,		Net gains (losses)
Six Months Ended June 30,
(Dollars in millions)2022202120222021
Loans held for sale—SBAs and USDA$(3)$(2)$(4)$(2)
Loans and leases (a)— (1)(1)(3)
OREO (b)— (1)— (1)
Other assets (c)(1)— (2)— 
$(4)$(4)$(7)$(6)
(a)Write-downs on these loans are recognized as part of provision for credit losses.
(b)Represents the fair value and related losses of foreclosed properties that were measured subsequent to their initial classification as OREO. Balance excludes OREO related to government insured mortgages.
(c)Represents tax credit investments accounted for under the equity method.
Schedule Of Unobservable Inputs Utilized In Determining The Fair Value Of Level 3 Recurring And Non-Recurring Measurements The following tables provide information regarding the unobservable inputs utilized in determining the fair value of Level 3 recurring and non-recurring measurements as of June 30, 2022 and December 31, 2021:
UNOBSERVABLE INPUTS USED IN LEVEL 3 FAIR VALUE MEASUREMENTS
(Dollars in millions)Values Utilized
Level 3 ClassFair Value at June 30, 2022Valuation TechniquesUnobservable InputRangeWeighted Average (d)
Trading securities - SBA interest-only strips$26 Discounted cash flowConstant prepayment rate
12%
12%
Bond equivalent yield
16% - 18%
16%
Loans held for sale - residential real estate$35 Discounted cash flowPrepayment speeds - First mortgage
3% - 10%
4%
Foreclosure losses
63% - 77%
65%
Loss severity trends - First mortgage
0% - 12%
of UPB
7%
Derivative liabilities, other$28 Discounted cash flowVisa covered litigation resolution amount
$5.4 billion - $6.2 billion
$5.9 billion
Probability of resolution scenarios
10% - 30%
24%
   Time until resolution
6 - 36 months
24 months
Loans and leases (a)$133 Appraisals from comparable propertiesMarketability adjustments for specific properties
0% - 10%
of appraisal
NM
Other collateral valuationsBorrowing base certificates adjustment
20% - 50% of gross value
NM
   Financial Statements/Auction values adjustment
0% - 25%
of reported value
NM
OREO (b)$2 Appraisals from comparable propertiesAdjustment for value changes since appraisal
0% - 10%
of appraisal
NM
Other assets (c)$40 Discounted cash flowAdjustments to current sales yields for specific properties
0% - 15% adjustment to yield
NM
  Appraisals from comparable propertiesMarketability adjustments for specific properties
0% - 25%
of appraisal
NM
 NM - Not meaningful
(a)Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral less estimated costs to sell. Write-downs on these loans are recognized as part of provision for credit losses.
(b)Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as OREO. Balance excludes OREO related to government insured mortgages.
(c)Represents tax credit investments accounted for under the equity method.
(d)Weighted averages are determined by the relative fair value of the instruments or the relative contribution to an instrument's fair value.
(Dollars in millions)Values Utilized
Level 3 ClassFair Value at December 31, 2021Valuation TechniquesUnobservable InputRangeWeighted Average (d)
Trading securities - SBA interest-only strips$38 Discounted cash flowConstant prepayment rate
11% - 12%
11%
Bond equivalent yield
11% - 14%
11%
Loans held for sale - residential real estate$29 Discounted cash flowPrepayment speeds - First mortgage
4% - 12%
5%
Foreclosure losses
54% - 66%
65%
Loss severity trends - First mortgage
1% - 14%
of UPB
8%
Loans held for sale - unguaranteed interest in SBA loans$1 Discounted cash flowConstant prepayment rate
8% - 12%
10%
Bond equivalent yield
11%
11%
Derivative liabilities, other$23 Discounted cash flowVisa covered litigation resolution amount
$5.8 billion - $6.2 billion
$6.0 billion
Probability of resolution scenarios
15% - 35%
24%
Time until resolution
12 - 36 months
25 months
Loans and leases (a)$84 Appraisals from comparable propertiesMarketability adjustments for specific properties
0% - 10%
of appraisal
NM
Other collateral valuationsBorrowing base certificates adjustment
20% - 50% of gross value
NM
Financial Statements/Auction values adjustment
0% - 25%
of reported value
NM
OREO (b)$3 Appraisals from comparable propertiesAdjustment for value changes since appraisal
0% - 10%
of appraisal
NM
Other assets (c)$30 Discounted cash flowAdjustments to current sales yields for specific properties
0% - 15% adjustment to yield
NM
Appraisals from comparable propertiesMarketability adjustments for specific properties
0% - 25%
of appraisal
NM
NM - Not meaningful
(a)Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral less estimated costs to sell. Write-downs on these loans are recognized as part of provision for credit losses.
(b)Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as OREO. Balance excludes OREO related to government insured mortgages.
(c)Represents tax credit investments accounted for under the equity method.
(d)Weighted averages are determined by the relative fair value of the instruments or the relative contribution to an instrument's fair value.
Summary Of Differences Between The Fair Value Carrying Amount Of Mortgages Held-For-Sale And Aggregate Unpaid Principal Amount
The following tables reflect the differences between the fair value carrying amount of residential real estate loans held for sale and held for investment measured at fair value in accordance with management’s election and the aggregate unpaid principal amount FHN is contractually entitled to receive at maturity.
DIFFERENCES BETWEEN FAIR VALUE CARRYING AMOUNTS AND CONTRACTUAL AMOUNTS OF RESIDENTIAL REAL ESTATE LOANS REPORTED AT FAIR VALUE
 June 30, 2022
(Dollars in millions)Fair value
carrying
amount		Aggregate
unpaid
principal		Fair value carrying amount
less aggregate unpaid
principal
Residential real estate loans held for sale reported at fair value:
Total loans$143 $148 $(5)
Nonaccrual loans4 7 (3)
 December 31, 2021
(Dollars in millions)Fair value
carrying
amount		Aggregate
unpaid
principal		Fair value carrying amount
less aggregate unpaid
principal
Residential real estate loans held for sale reported at fair value:
Total loans$258 $264 $(6)
Nonaccrual loans4 7 (3)
Changes In Fair Value Of Assets And Liabilities Which Fair Value Option Included In Current Period Earnings
Assets and liabilities accounted for under the fair value election are initially measured at fair value with subsequent changes in fair value recognized in earnings. Such changes in the fair value of assets and liabilities for which FHN elected the fair value option are included in current period earnings with classification in the income statement line item reflected in the following table:
CHANGES IN FAIR VALUE RECOGNIZED IN NET INCOME
 Three Months Ended
June 30,		Six Months Ended
June 30,
(Dollars in millions)2022202120222021
Changes in fair value included in net income:
Mortgage banking and title noninterest income
Loans held for sale$2 $4 $(6)$(5)
Summary Of Book Value And Estimated Fair Value Of Financial Instruments The following tables summarize the book value and estimated fair value of financial instruments recorded in the Consolidated Balance Sheets as of June 30, 2022 and December 31, 2021:
BOOK VALUE AND ESTIMATED FAIR VALUE OF FINANCIAL INSTRUMENTS
June 30, 2022
 Book
Value		Fair Value
(Dollars in millions)Level 1Level 2Level 3Total
Assets:
Loans and leases, net of allowance for loan and lease losses
Commercial:
Commercial, financial and industrial$31,002 $— $— $31,296 $31,296 
Commercial real estate12,801 — — 13,191 13,191 
Consumer:
Consumer real estate 11,258 — — 11,252 11,252 
Credit card and other844 — — 885 885 
Total loans and leases, net of allowance for loan and lease losses55,905 — — 56,624 56,624 
Short-term financial assets:
Interest-bearing deposits with banks9,475 9,475 — — 9,475 
Federal funds sold289 — 289 — 289 
Securities purchased under agreements to resell423 — 423 — 423 
Total short-term financial assets10,187 9,475 712 — 10,187 
Trading securities (a)1,392 — 1,366 26 1,392 
Loans held for sale:
Mortgage loans (elected fair value) (a)143 — 109 34 143 
USDA & SBA loans - LOCOM690 — 690 — 690 
Other loans - LOCOM3 — 3 — 3 
Mortgage loans - LOCOM34 — — 34 34 
Total loans held for sale870 — 802 68 870 
Securities available for sale (a)8,941 — 8,941 — 8,941 
Securities held to maturity687 — 601 — 601 
Derivative assets (a)189 22 167 — 189 
Other assets:
Tax credit investments504 — — 498 498 
Deferred compensation mutual funds115 115 — — 115 
Equity, mutual funds, and other (b)255 22 — 233 255 
Total other assets874 137 — 731 868 
Total assets$79,045 $9,634 $12,589 $57,449 $79,672 
Liabilities:
Defined maturity deposits$2,888 $— $2,893 $— $2,893 
Trading liabilities (a)394 — 394 — 394 
Short-term financial liabilities:
Federal funds purchased566 — 566 — 566 
Securities sold under agreements to repurchase1,158 — 1,158 — 1,158 
Other short-term borrowings229 — 229 — 229 
Total short-term financial liabilities1,953 — 1,953 — 1,953 
Term borrowings:
Real estate investment trust-preferred46 — — 47 47 
Term borrowings—new market tax credit investment66 — — 61 61 
Secured borrowings7 — — 7 7 
Junior subordinated debentures148 — — 150 150 
Other long term borrowings1,332 — 1,331 — 1,331 
Total term borrowings1,599 — 1,331 265 1,596 
Derivative liabilities (a)606 21 557 28 606 
Total liabilities$7,440 $21 $7,128 $293 $7,442 
(a)Classes are detailed in the recurring and nonrecurring measurement tables.
(b)Level 1 primarily consists of mutual funds with readily determinable fair values. Level 3 includes restricted investments in FHLB-Cincinnati stock of $29 million and FRB stock of $204 million.
 December 31, 2021
 Book
Value		Fair Value
(Dollars in millions)Level 1Level 2Level 3Total
Assets:
Loans and leases and allowance for loan and lease losses
Commercial:
Commercial, financial and industrial$30,734 $— $— $31,020 $31,020 
Commercial real estate11,955 — — 11,986 11,986 
Consumer:
Consumer real estate 10,609 — — 11,111 11,111 
Credit card and other891 — — 906 906 
Total loans and leases, net of allowance for loan and lease losses54,189 — — 55,023 55,023 
Short-term financial assets:
Interest-bearing deposits with banks14,907 14,907 — — 14,907 
Federal funds sold153 — 153 — 153 
Securities purchased under agreements to resell488 — 488 — 488 
Total short-term financial assets15,548 14,907 641 — 15,548 
Trading securities (a)1,601 — 1,563 38 1,601 
Loans held for sale:
Mortgage loans (elected fair value) (a)258 — 230 28 258 
USDA & SBA loans - LOCOM853 — 855 1 856 
Other loans - LOCOM24 — 24 — 24 
Mortgage loans - LOCOM37 — — 37 37 
Total loans held for sale1,172 — 1,109 66 1,175 
Securities available for sale (a) 8,707 — 8,707 — 8,707 
Securities held to maturity712 — 705 — 705 
Derivative assets (a)324 12 312 — 324 
Other assets:
Tax credit investments456 — — 450 450 
Deferred compensation mutual funds125 125 — — 125 
Equity, mutual funds, and other (b)257 25 — 232 257 
Total other assets838 150 — 682 832 
Total assets$83,091 $15,069 $13,037 $55,809 $83,915 
Liabilities:
Defined maturity deposits$3,500 $— $3,524 $— $3,524 
Trading liabilities (a)426 — 426 — 426 
Short-term financial liabilities:
Federal funds purchased775 — 775 — 775 
Securities sold under agreements to repurchase1,247 — 1,247 — 1,247 
Other short-term borrowings102 — 102 — 102 
Total short-term financial liabilities2,124 — 2,124 — 2,124 
Term borrowings:
Real estate investment trust-preferred46 — — 47 47 
Term borrowings—new market tax credit investment59 — — 58 58 
Secured borrowings6 — — 6 6 
Junior subordinated debentures148 — — 150 150 
Other long term borrowings1,331 — 1,452 — 1,452 
Total term borrowings1,590 — 1,452 261 1,713 
Derivative liabilities (a)128 11 94 23 128 
Total liabilities$7,768 $11 $7,620 $284 $7,915 
(a)Classes are detailed in the recurring and nonrecurring measurement tables.
(b)Level 1 primarily consists of mutual funds with readily determinable fair values. Level 3 includes restricted investments in FHLB-Cincinnati stock of $29 million and FRB stock of $203 million.
The following table presents the contractual amount and fair value of unfunded loan commitments and standby and other commitments as of June 30, 2022 and December 31, 2021:
UNFUNDED COMMITMENTS
 Contractual AmountFair Value
(Dollars in millions)June 30, 2022December 31, 2021June 30, 2022December 31, 2021
Unfunded Commitments:
Loan commitments$26,049 $24,229 $1 $1 
Standby and other commitments723 810 6 6