Subsequent Events

3 Months Ended

Mar. 31, 2024

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On May 1, 2024 (the "Redemption Date"), FHN redeemed all outstanding shares of its 6.10% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series D (the "Series D Preferred Stock"), and all related outstanding depositary shares, each representing a 1/400th interest in a share of the Series D Preferred Stock ("the Series D Depositary Shares"). After the redemptions, no shares of Series D Preferred Stock, and no Series D Depositary Shares, remain outstanding.

The redemption price was $25.00 per Series D Depository Share, corresponding to $10,000 per share of Series D Preferred Stock. Accrued dividends were not included in either redemption price because the Redemption Date was also a dividend payment date. The regular Series D semi-annual dividend, which was declared in January, was paid separately in the customary manner on May 1, 2024 to shareholders of record at the close of business on April 16, 2024.