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Business Segment Information - Amounts of Consolidated Revenue, Expense, Tax and Assets by Segment (Details) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Disaggregation of Revenue [Line Items]                  
Net interest income (expense) $ 605,000,000     $ 662,000,000     $ 1,923,000,000 $ 1,683,000,000  
Provision for credit losses 110,000,000     60,000,000     210,000,000 50,000,000  
Noninterest income 173,000,000     213,000,000     745,000,000 642,000,000  
Noninterest expense 474,000,000     469,000,000     1,508,000,000 1,450,000,000  
Income (loss) before income taxes 194,000,000     346,000,000     950,000,000 825,000,000  
Income tax expense (benefit) 52,000,000     78,000,000     223,000,000 183,000,000  
Net income (loss) 142,000,000 $ 329,000,000 $ 255,000,000 268,000,000 $ 177,000,000 $ 198,000,000 727,000,000 642,000,000  
Average assets 83,220,000,000     82,551,000,000     81,471,000,000 85,799,000,000  
Gain on merger termination 0     0     225,000,000 0  
Visa Class B Shares                  
Disaggregation of Revenue [Line Items]                  
Derivative valuation adjustment             15,000,000   $ 22,000,000
TD Transaction                  
Disaggregation of Revenue [Line Items]                  
Merger and integration expense 0     21,000,000     51,000,000 55,000,000  
Regional Banking                  
Disaggregation of Revenue [Line Items]                  
Net interest income (expense) 583,000,000     518,000,000     1,781,000,000 1,410,000,000  
Provision for credit losses 104,000,000     43,000,000     189,000,000 64,000,000  
Noninterest income 109,000,000     110,000,000     325,000,000 337,000,000  
Noninterest expense 318,000,000     303,000,000     960,000,000 906,000,000  
Income (loss) before income taxes 270,000,000     282,000,000     957,000,000 777,000,000  
Income tax expense (benefit) 63,000,000     66,000,000     224,000,000 182,000,000  
Net income (loss) 207,000,000     216,000,000     733,000,000 595,000,000  
Average assets 46,657,000,000     42,820,000,000     45,594,000,000 41,779,000,000  
Gain on merger termination             0    
Specialty Banking                  
Disaggregation of Revenue [Line Items]                  
Net interest income (expense) 135,000,000     138,000,000     390,000,000 423,000,000  
Provision for credit losses 6,000,000     17,000,000     26,000,000 (4,000,000)  
Noninterest income 46,000,000     64,000,000     147,000,000 265,000,000  
Noninterest expense 89,000,000     105,000,000     270,000,000 352,000,000  
Income (loss) before income taxes 86,000,000     80,000,000     241,000,000 340,000,000  
Income tax expense (benefit) 21,000,000     19,000,000     58,000,000 83,000,000  
Net income (loss) 65,000,000     61,000,000     183,000,000 257,000,000  
Average assets 20,687,000,000     19,745,000,000     20,054,000,000 20,073,000,000  
Gain on merger termination             0    
Corporate                  
Disaggregation of Revenue [Line Items]                  
Net interest income (expense) (113,000,000)     6,000,000     (248,000,000) (150,000,000)  
Provision for credit losses 0     0     (5,000,000) (10,000,000)  
Noninterest income 18,000,000     39,000,000     273,000,000 40,000,000  
Noninterest expense 67,000,000     61,000,000     278,000,000 192,000,000  
Income (loss) before income taxes (162,000,000)     (16,000,000)     (248,000,000) (292,000,000)  
Income tax expense (benefit) (32,000,000)     (7,000,000)     (59,000,000) (82,000,000)  
Net income (loss) (130,000,000)     (9,000,000)     (189,000,000) (210,000,000)  
Average assets 15,876,000,000     19,986,000,000     15,823,000,000 23,947,000,000  
Gain on merger termination             225,000,000    
Gain on sale of mortgage servicing rights               12,000,000  
Gain on disposition of business       10,000,000       10,000,000  
Restructuring costs 10,000,000           10,000,000    
Surrender of bank owned life insurance policies, expense 24,000,000           24,000,000    
Benefit from merger-related tax items $ 11,000,000           11,000,000    
Corporate | Visa Class B Shares                  
Disaggregation of Revenue [Line Items]                  
Derivative valuation adjustment             (15,000,000)    
Corporate | Insurance Business                  
Disaggregation of Revenue [Line Items]                  
Gain on disposition of business       21,000,000       21,000,000  
Corporate | Fintech Investment                  
Disaggregation of Revenue [Line Items]                  
Gain on sale of investments               6,000,000  
Corporate | First Horizon Foundation                  
Disaggregation of Revenue [Line Items]                  
Payment for cash contribution             50,000,000    
Corporate | TD Transaction                  
Disaggregation of Revenue [Line Items]                  
Gain on merger termination             225,000,000    
Merger and integration expense             $ 51,000,000    
Corporate | BKC Merger and TD Merger Agreement                  
Disaggregation of Revenue [Line Items]                  
Merger and integration expense       $ 24,000,000       99,000,000  
Corporate | BKC Merger and TD Merger Agreement | Visa Class B Shares                  
Disaggregation of Revenue [Line Items]                  
Derivative valuation adjustment               $ 12,000,000