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Earnings Per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The computations of basic and diluted earnings per common share were as follows:
EARNINGS PER SHARE COMPUTATIONS
 Three Months Ended
June 30,		Six Months Ended
June 30,
(Dollars in millions, except per share data; shares in thousands)2024202320242023
Net income $204 $329 $401 $585 
Net income attributable to noncontrolling interest5 4 10 9
Net income attributable to controlling interest199 325 391 576 
Preferred stock dividends15 823 16 
Net income available to common shareholders$184 $317 $368 $560 
Weighted average common shares outstanding—basic543,981 539,120 549,479 538,035 
Effect of dilutive restricted stock, performance equity awards and options3,112 3,100 3,060 4,956 
Effect of dilutive convertible preferred stock (a)— 18,658 — 19,197 
Weighted average common shares outstanding—diluted547,093 560,878 552,539 562,188 
Basic earnings per common share$0.34 $0.59 $0.67 $1.04 
Diluted earnings per common share$0.34 $0.56 $0.67 $1.00 
(a) On February 28, 2022, FHN issued $494 million of Series G Convertible Preferred Stock, which was converted into common stock on June 26, 2023, following the termination of the TD Merger Agreement. Conversion occurred at the rate of 4,000 common shares per Series G preferred share resulting in 19,742,776 additional common shares outstanding. 2023 includes the impact of the Series G preferred shares based on the final conversion rate.

The following table presents average outstanding options and other equity awards that were excluded from the calculation of diluted earnings per share because they were either anti-dilutive (the exercise price was higher
than the weighted-average market price for the period) or the performance conditions have not been met:
ANTI-DILUTIVE EQUITY AWARDS
 Three Months Ended
June 30,		Six Months Ended
June 30,
(Shares in thousands)2024202320242023
Stock options excluded from the calculation of diluted EPS1,388 1,942 1,458 — 
Weighted average exercise price of stock options excluded from the calculation of diluted EPS$16.48 $16.46 $16.59 $24.36 
Other equity awards excluded from the calculation of diluted EPS6,828 8,676 6,819 3,063