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Loans and Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Schedule of Loans and Leases by Portfolio Segment The following table provides the amortized cost basis of loans and leases by portfolio segment and class as of December 31, 2022 and 2021, excluding accrued interest of $226 million and $134 million, respectively, which is included in other assets in the Consolidated Balance Sheets.
Table 8.3.1
LOANS AND LEASES BY PORTFOLIO SEGMENT
December 31,
(Dollars in millions)20222021
Commercial:
Commercial and industrial (a) (b)$29,523 $26,550 
Loans to mortgage companies2,258 4,518 
   Total commercial, financial, and industrial31,781 31,068 
Commercial real estate13,228 12,109 
Consumer:
HELOC2,028 1,964 
Real estate installment loans10,225 8,808 
   Total consumer real estate12,253 10,772 
Credit card and other840 910 
Loans and leases$58,102 $54,859 
Allowance for loan and lease losses(685)(670)
Net loans and leases$57,417 $54,189 
(a)Includes equipment financing leases of $1.1 billion and $792 million, respectively, as of December 31, 2022 and 2021.
(b) Includes PPP loans fully guaranteed by the SBA of $76 million and $1.0 billion as of December 31, 2022 and 2021.
Financing Receivable Credit Quality Indicators The following table provides the amortized cost basis of the commercial loan portfolio by year of origination and credit quality indicator as of December 31, 2022 and 2021:
Table 8.3.2
C&I PORTFOLIO
December 31, 2022
(Dollars in millions)20222021202020192018Prior to 2018LMC (a)Revolving
 Loans		Revolving
Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12) (b)$5,856 $4,040 $1,980 $2,099 $1,229 $3,710 $2,258 $9,165 $371 $30,708 
Special Mention (PD grade 13)19 63 19 141 9 90 — 126 — 467 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)41 54 51 38 67 124 — 134 97 606 
Total C&I loans$5,916 $4,157 $2,050 $2,278 $1,305 $3,924 $2,258 $9,425 $468 $31,781 

December 31, 2021
(Dollars in millions)20212020201920182017Prior to 2017LMC (a)Revolving
 Loans		Revolving
Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12) (b)$7,372 $3,576 $3,439 $1,455 $1,193 $2,267 $4,518 $6,386 $13 $30,219 
Special Mention (PD grade 13)25 39 50 48 36 43 — 100 4 345 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)24 61 67 103 24 48 — 129 48 504 
Total C&I loans$7,421 $3,676 $3,556 $1,606 $1,253 $2,358 $4,518 $6,615 $65 $31,068 
(a)LMC includes non-revolving commercial lines of credit to qualified mortgage companies primarily for the temporary warehousing of eligible mortgage loans prior to the borrower's sale of those mortgage loans to third party investors. The loans are of short duration with maturities less than one year.
(b)    Includes PPP loans.
Table 8.3.3
CRE PORTFOLIO
December 31, 2022
(Dollars in millions)20222021202020192018Prior to 2018Revolving
 Loans		Revolving
Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12)$2,637 $3,324 $1,488 $1,855 $808 $2,565 $274 $20 $12,971 
Special Mention (PD grade 13)— 3 3 37 68 5 1 — 117 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)1 4 12 50 31 31 11 — 140 
Total CRE loans$2,638 $3,331 $1,503 $1,942 $907 $2,601 $286 $20 $13,228 
December 31, 2021
(Dollars in millions)20212020201920182017Prior to 2017Revolving
 Loans		Revolving
Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12)$3,441 $2,065 $2,514 $929 $691 $1,822 $204 $— $11,666 
Special Mention (PD grade 13)4 26 52 125 20 65 — — 292 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)47 — 24 3 33 32 12 — 151 
Total CRE loans$3,492 $2,091 $2,590 $1,057 $744 $1,919 $216 $— $12,109 
The following table reflects the amortized cost basis by year of origination and refreshed FICO scores for consumer real estate loans as of December 31, 2022 and 2021. Within consumer real estate, classes include HELOC and real estate installment loans. HELOCs are loans which during their draw period are classified as revolving loans. Once the draw period ends and the loan enters its repayment period, the loan converts to a term loan and is classified as a revolving loan converted to a term loan. All loans classified in the following table as revolving loans or revolving loans converted to term loans are HELOCs. Real estate installment loans are originated as fixed term loans and are classified below in their vintage year. All loans in the following tables classified in a vintage year are real estate installment loans.
Table 8.3.4
CONSUMER REAL ESTATE PORTFOLIO
December 31, 2022
(Dollars in millions)20222021202020192018Prior to 2018Revolving LoansRevolving Loans Converted to Term Loans Total
FICO score 740 or greater$2,154 $1,847 $819 $523 $278 $1,294 $1,297 $63 $8,275 
FICO score 720-739292 246 116 98 34 238 183 18 1,225 
FICO score 700-719242 206 93 55 35 226 142 22 1,021 
FICO score 660-699214 137 90 55 62 278 192 23 1,051 
FICO score 620-65921 24 25 41 20 105 47 9 292 
FICO score less than 62015 19 32 12 23 256 16 16 389 
Total$2,938 $2,479 $1,175 $784 $452 $2,397 $1,877 $151 $12,253 
December 31, 2021
(Dollars in millions)20212020201920182017Prior to 2017Revolving LoansRevolving Loans Converted to term loansTotal
FICO score 740 or greater$1,594 $1,156 $825 $473 $394 $1,335 $1,086 $115 $6,978 
FICO score 720-739236 171 109 61 44 209 162 21 1,013 
FICO score 700-719143 112 81 68 45 153 141 23 766 
FICO score 660-699164 131 120 106 44 246 204 44 1,059 
FICO score 620-65942 36 55 23 13 118 66 27 380 
FICO score less than 62026 84 42 32 45 272 42 33 576 
Total$2,205 $1,690 $1,232 $763 $585 $2,333 $1,701 $263 $10,772 
The following table reflects the amortized cost basis by year of origination and refreshed FICO scores for credit card and other loans as of December 31, 2022 and 2021.
Table 8.3.5
CREDIT CARD & OTHER PORTFOLIO
December 31, 2022
(Dollars in millions)20222021202020192018Prior to 2018Revolving LoansRevolving Loans Converted to Term LoansTotal
FICO score 740 or greater$36 $14 $10 $10 $4 $25 $291 $6 $396 
FICO score 720-7393 2 2 1 — 4 30 1 43 
FICO score 700-7193 3 1 1 — 4 33 1 46 
FICO score 660-6993 2 1 1 2 7 30 1 47 
FICO score 620-6591 3 1 — — 3 18 — 26 
FICO score less than 6207 6 6 10 7 71 174 1 282 
Total$53 $30 $21 $23 $13 $114 $576 $10 $840 
December 31, 2021
(Dollars in millions)20212020201920182017Prior to 2017Revolving LoansRevolving Loans Converted to Term LoansTotal
FICO score 740 or greater$56 $35 $29 $23 $13 $56 $200 $11 $423 
FICO score 720-73914 5 4 3 4 17 46 3 96 
FICO score 700-7198 5 4 4 3 17 42 1 84 
FICO score 660-69925 6 5 6 4 31 98 2 177 
FICO score 620-6594 3 2 4 3 18 22 1 57 
FICO score less than 62024 3 3 4 4 16 18 1 73 
Total$131 $57 $47 $44 $31 $155 $426 $19 $910 
Accruing and Non-Accruing Loans by Class The following table reflects accruing and non-accruing loans and leases by class on December 31, 2022 and 2021:
Table 8.3.6
ACCRUING & NON-ACCRUING LOANS & LEASES
December 31, 2022
 AccruingNon-Accruing 
(Dollars in millions)Current30-89
Days
Past Due		90+
Days
Past Due		Total
Accruing		Current30-89
Days
Past Due		90+
Days
Past Due		Total
Non-
Accruing		Total
Loans and Leases
Commercial, financial, and industrial:
C&I (a) $29,309 $50 $11 $29,370 $64 $10 $79 $153 $29,523 
Loans to mortgage companies2,258 — — 2,258 — — — — 2,258 
Total commercial, financial, and industrial31,567 50 11 31,628 64 10 79 153 31,781 
Commercial real estate:
CRE (b)13,208 11 — 13,219 7 — 2 9 13,228 
Consumer real estate:
HELOC (c)1,967 12 5 1,984 32 4 8 44 2,028 
Real estate installment loans (d)10,079 25 13 10,117 56 5 47 108 10,225 
Total consumer real estate12,046 37 18 12,101 88 9 55 152 12,253 
Credit card and other:
Credit card287 5 4 296 — — — — 296 
Other540 2 — 542 1 — 1 2 544 
Total credit card and other827 7 4 838 1 — 1 2 840 
Total loans and leases$57,648 $105 $33 $57,786 $160 $19 $137 $316 $58,102 
December 31, 2021
 AccruingNon-Accruing 
(Dollars in millions)Current30-89
Days
Past Due		90+
Days
Past Due		Total
Accruing		Current30-89
Days
Past Due		90+
Days
Past Due		Total
Non-
Accruing		Total
Loans and Leases
Commercial, financial, and industrial:
C&I (a)$26,367 $53 $5 $26,425 $97 $1 $27 $125 $26,550 
Loans to mortgage companies4,518 — — 4,518 — — — — 4,518 
Total commercial, financial, and industrial30,885 53 5 30,943 97 1 27 125 31,068 
Commercial real estate:
CRE (b)12,087 13 — 12,100 6 1 2 9 12,109 
Consumer real estate:
HELOC (c)1,906 7 6 1,919 34 2 9 45 1,964 
Real estate installment loans (d)8,658 30 27 8,715 44 3 46 93 8,808 
Total consumer real estate10,564 37 33 10,634 78 5 55 138 10,772 
Credit card and other:
Credit card292 2 2 296 — — — — 296 
Other608 3 — 611 1 — 2 3 614 
Total credit card and other900 5 2 907 1 — 2 3 910 
Total loans and leases$54,436 $108 $40 $54,584 $182 $7 $86 $275 $54,859 
(a)    $147 million and $99 million of C&I loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance in 2022 and 2021, respectively.
(b)    $5 million of CRE loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance for both 2022 and 2021.
(c)    $5 million and $7 million of HELOC loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance for 2022 and 2021, respectively.
(d)    $7 million and $50 million of real estate installment loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance for 2022 and 2021, respectively.
Schedule of Troubled Debt Restructurings Occurring During the Year The following table presents the end of period balance for loans modified in a TDR during the years ended December 31, 2022 and 2021:
Table 8.3.7
LOANS MODIFIED IN A TDR
 20222021
(Dollars in millions)NumberPre-Modification
Outstanding
Recorded Investment		Post-Modification
Outstanding
Recorded Investment		NumberPre-Modification
Outstanding
Recorded Investment		Post-Modification
Outstanding
Recorded Investment
C&I6 $30 $24 32 $37 $34 
CRE1 1 1 1 12 10 
HELOC98 7 7 25 3 3 
Real estate installment loans181 41 41 87 14 14 
Credit card and other81 12 12 51 — — 
Total TDRs367 $91 $85 196 $66 $61 
The following table presents TDRs which re-defaulted during 2022 and 2021, and as to which the modification occurred 12 months or less prior to the re-default. For purposes of this disclosure, FHN generally defines payment default as 30 or more days past due.
Table 8.3.8
LOANS MODIFIED IN A TDR THAT RE-DEFAULTED
 20222021
(Dollars in millions)NumberRecorded
Investment		NumberRecorded
Investment
C&I5 $— 18 $5 
CRE— — 6 19 
HELOC22 1 1 — 
Real estate installment loans54 15 9 5 
Credit card and other17 — 4 — 
Total TDRs98 $16 38 $29