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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 969 $ 1,012
Interest-bearing deposits with banks 1,452 1,328
Federal funds sold and securities purchased under agreements to resell 487 719
Trading securities 1,249 1,412
Securities available for sale at fair value 7,924 8,391
Securities held to maturity (fair value of $1,108 and $1,161, respectively) 1,297 1,323
Loans held for sale (including $117 and $68 at fair value, respectively) 471 502
Loans and leases 62,781 61,292
Allowance for loan and lease losses (821) (773)
Net loans and leases 61,960 60,519
Premises and equipment 584 590
Goodwill 1,510 1,510
Other intangible assets 165 186
Other assets 4,162 4,169
Total assets 82,230 81,661
Liabilities    
Noninterest-bearing deposits 16,348 17,204
Interest-bearing deposits 48,446 48,576
Total deposits 64,794 65,780
Trading liabilities 423 509
Short-term borrowings 4,515 2,549
Term borrowings 1,175 1,150
Other liabilities 2,368 2,382
Total liabilities 73,275 72,370
Equity    
Preferred stock, Non-cumulative perpetual, no par value; authorized 5,000,000 shares; issued 16,750 and 26,750 shares, respectively 426 520
Common stock, $0.625 par value; authorized 700,000,000 shares; issued 536,875,750 and 558,838,694 shares, respectively 336 349
Capital surplus 5,007 5,351
Retained earnings 4,172 3,964
Accumulated other comprehensive loss, net (1,281) (1,188)
FHN shareholders' equity 8,660 8,996
Noncontrolling interest 295 295
Total equity 8,955 9,291
Total liabilities and equity $ 82,230 $ 81,661