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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 1,061 $ 1,147
Interest-bearing deposits with banks 1,384 14,907
Federal funds sold and securities purchased under agreements to resell 482 641
Trading securities 1,375 1,601
Securities available for sale at fair value 8,836 8,707
Securities held to maturity (fair value of $1,209 and $705, respectively) 1,371 712
Loans held for sale (including $51 and $258 at fair value, respectively) 590 1,172
Loans and leases 58,102 54,859
Allowance for loan and lease losses (685) (670)
Net loans and leases 57,417 54,189
Premises and equipment 612 665
Goodwill 1,511 1,511
Other intangible assets 234 298
Other assets 4,080 3,542
Total assets 78,953 89,092
Liabilities    
Noninterest-bearing deposits 23,466 27,883
Interest-bearing deposits 40,023 47,012
Total deposits 63,489 74,895
Trading liabilities 335 426
Short-term borrowings 2,506 2,124
Term borrowings 1,597 1,590
Other liabilities 2,479 1,563
Total liabilities 70,406 80,598
Equity    
Preferred stock, Non-cumulative perpetual, no par value; authorized 5,000,000 shares; issued 31,686 and 26,750 shares, respectively 1,014 520
Common stock, $0.625 par value; authorized 700,000,000 shares; issued 537,100,615 and 533,576,766 shares, respectively 336 333
Capital surplus 4,840 4,743
Retained earnings 3,430 2,891
Accumulated other comprehensive loss, net (1,368) (288)
FHN shareholders' equity 8,252 8,199
Noncontrolling interest 295 295
Total equity 8,547 8,494
Total liabilities and equity $ 78,953 $ 89,092