Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Reportable Segment

The following is a summary of goodwill by reportable segment included in the Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023.

GOODWILL
(Dollars in millions)	Regional Banking		Specialty Banking		Total
December 31, 2022 (a)	$	825	$	686	$	1,511
Additions	—		—		—
Divestitures (b)	—		(1)		(1)
December 31, 2023	$	825	$	685	$	1,510
Additions	—		—		—
Divestitures	—		—		—
September 30, 2024	$	825	$	685	$	1,510

(a)FHN reorganized its internal management structure and reallocated goodwill in its reportable segments effective January 1, 2024. Prior periods have been revised to reflect this reallocation.

(b)Reduction in goodwill is related to the divestiture of FHN Financial Main Street Advisors assets in December 2023.

Schedule of Intangible Assets and Accumulated Amortization Included in the Consolidated Statements of Condition

The following table, which excludes fully amortized intangibles, presents other intangible assets included in the Consolidated Balance Sheets:

OTHER INTANGIBLE ASSETS
	September 30, 2024						December 31, 2023
(Dollars in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Core deposit intangibles	$	368	$	(236)	$	132	$	368	$	(208)	$	160
Client relationships	32		(17)		15		32		(16)		16
Other (a)	27		(20)		7		27		(17)		10
Total	$	427	$	(273)	$	154	$	427	$	(241)	$	186

(a)Includes non-compete covenants and purchased credit card intangible assets. Also includes state banking licenses which are not subject to amortization.