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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 749 $ 1,012
Interest-bearing deposits with banks 1,885 1,328
Federal funds sold and securities purchased under agreements to resell 817 719
Trading securities 1,161 1,412
Securities available for sale at fair value 8,148 8,391
Securities held to maturity (fair value of $1,131 and $1,161, respectively) 1,311 1,323
Loans held for sale (including $84 and $68 at fair value, respectively) 395 502
Loans and leases 61,753 61,292
Allowance for loan and lease losses (787) (773)
Net loans and leases 60,966 60,519
Premises and equipment 586 590
Goodwill 1,510 1,510
Other intangible assets 175 186
Other assets 4,096 4,169
Total assets 81,799 81,661
Liabilities    
Noninterest-bearing deposits 16,410 17,204
Interest-bearing deposits 49,331 48,576
Total deposits 65,741 65,780
Trading liabilities 467 509
Short-term borrowings 2,703 2,549
Term borrowings 1,165 1,150
Other liabilities 2,550 2,382
Total liabilities 72,626 72,370
Equity    
Preferred stock, Non-cumulative perpetual, no par value; authorized 5,000,000 shares; issued 26,750 shares 520 520
Common stock, $0.625 par value; authorized 700,000,000 shares; issued 548,636,986 and 558,838,694 shares, respectively 343 349
Capital surplus 5,214 5,351
Retained earnings 4,072 3,964
Accumulated other comprehensive loss, net (1,271) (1,188)
FHN shareholders' equity 8,878 8,996
Noncontrolling interest 295 295
Total equity 9,173 9,291
Total liabilities and equity $ 81,799 $ 81,661