XML 50 R37.htm IDEA: XBRL DOCUMENT v3.25.2
Business Segment Information (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Financial Information
The following tables present financial information for each reportable business segment for the three and six months ended June 30, 2025 and 2024.
SEGMENT FINANCIAL INFORMATION
Three Months Ended June 30, 2025
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Interest income$826 $140 $78 $1,044 
Interest expense295 26 82 403 
Funds transfer pricing102 (56)(46)— 
Net interest income (expense)633 58 (50)641 
Noninterest income113 53 23 189 
Total revenues746 111 (27)830 
Noninterest expense (a)354 76 61 491 
Pre-provision net revenue (b)392 35 (88)339 
Provision for credit losses13 6 11 30 
Income (loss) before income taxes379 29 (99)309 
Income tax expense (benefit)90 7 (33)64 
Net income (loss)$289 $22 $(66)$245 
Average assets$58,737 $9,308 $13,913 $81,958 
Depreciation and amortization7 2 11 20 
Expenditures for long-lived assets5 — 2 7 
Three Months Ended June 30, 2024
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Interest income$894 $131 $68 $1,093 
Interest expense352 34 78 464 
Funds transfer pricing95 (50)(45)— 
Net interest income (expense)637 47 (55)629 
Noninterest income115 53 18 186 
Total revenues752 100 (37)815 
Noninterest expense (a)357 73 70 500 
Pre-provision net revenue (b)395 27 (107)315 
Provision for credit losses56 1 (2)55 
Income (loss) before income taxes339 26 (105)260 
Income tax expense (benefit)80 6 (30)56 
Net income (loss)$259 $20 $(75)$204 
Average assets$59,684 $8,021 $14,016 $81,721 
Depreciation and amortization3 2 15 20 
Expenditures for long-lived assets8 — 4 12 
(a)2025 includes an FDIC special assessment expense credit of $1 million and a $4 million expense credit related to an accrual release in deferred compensation in the Corporate segment. 2024 includes $3 million of restructuring costs and an FDIC special assessment of $2 million in the Corporate segment.
(b)Pre-provision net revenue is a non-GAAP measure and is reconciled to income (loss) before income taxes (GAAP) in this table.
Six Months Ended June 30, 2025
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Interest income$1,639 $264 $155 $2,058 
Interest expense585 55 146 786 
Funds transfer pricing204 (103)(101)— 
Net interest income (expense)1,258 106 (92)1,272 
Noninterest income223 113 34 370 
Total revenues1,481 219 (58)1,642 
Noninterest expense (a)698 151 129 978 
Pre-provision net revenue (b)783 68 (187)664 
Provision for credit losses51 9 10 70 
Income (loss) before income taxes732 59 (197)594 
Income tax expense (benefit)174 14 (61)127 
Net income (loss)$558 $45 $(136)$467 
Average assets$58,727 $8,903 $13,834 $81,464 
Depreciation and amortization17 4 20 41 
Expenditures for long-lived assets10 1 5 16 
Six Months Ended June 30, 2024
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Interest income$1,776 $246 $143 $2,165 
Interest expense703 65 144 912 
Funds transfer pricing190 (93)(97)— 
Net interest income (expense)1,263 88 (98)1,253 
Noninterest income225 115 41 381 
Total revenues1,488 203 (57)1,634 
Noninterest expense (a)704 148 163 1,015 
Pre-provision net revenue (b)784 55 (220)619 
Provision for credit losses100 8 (3)105 
Income (loss) before income taxes684 47 (217)514 
Income tax expense (benefit)161 11 (59)113 
Net income (loss)$523 $36 $(158)$401 
Average assets$59,516 $7,584 $14,382 $81,482 
Depreciation and amortization18 4 29 51 
Expenditures for long-lived assets11 — 10 21 
(a)2025 includes a $4 million expense credit related to an accrual release in deferred compensation, and $5 million in derivative valuation adjustments related to prior Visa Class B share sales in the Corporate segment. 2024 includes $9 million in restructuring costs and an FDIC special assessment of $12 million in the Corporate segment.
(b)Pre-provision net revenue is a non-GAAP measure and is reconciled to income (loss) before income taxes (GAAP) in this table.
The following tables reflect a disaggregation of FHN’s noninterest income by major product line and reportable segment for the three and six months ended June 30, 2025 and 2024.

NONINTEREST INCOME DETAIL BY SEGMENT
Three Months Ended June 30, 2025
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest income:
Fixed income (a)$— $42 $— $42 
Deposit transactions and cash management39 — 2 41 
Brokerage, management fees and commissions26 — — 26 
Card and digital banking fees16 — 3 19 
Other service charges and fees13 1 — 14 
Trust services and investment management12 — 1 13 
Mortgage banking income— 10 — 10 
Other income (c)7 — 17 24 
Total noninterest income$113 $53 $23 $189 
Three Months Ended June 30, 2024
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest income:
Fixed income (a)$— $40 $— $40 
Deposit transactions and cash management41 1 2 44 
Brokerage, management fees and commissions25 — — 25 
Card and digital banking fees17 — 3 20 
Other service charges and fees12 2 — 14 
Trust services and investment management12 — — 12 
Mortgage banking income— 10 — 10 
Securities gains (losses), net (b)— — 1 1 
Other income (c)8 — 12 20 
Total noninterest income$115 $53 $18 $186 
(a)2025 and 2024 each include $9 million of underwriting, portfolio advisory, and other noninterest income in scope of ASC 606, "Revenue from Contracts with Customers."
(b)Represents noninterest income excluded from the scope of ASC 606. Amount is presented for informational purposes to reconcile total noninterest income.
(c)Includes letter of credit fees and insurance commissions in scope of ASC 606.
Six Months Ended June 30, 2025
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest income:
Fixed income (a)$— $91 $— $91 
Deposit transactions and cash management76 1 4 81 
Brokerage, management fees and commissions52 — — 52 
Card and digital banking fees32 — 5 37 
Other service charges and fees25 1 — 26 
Trust services and investment management24 — 1 25 
Mortgage banking income— 18 — 18 
Other income (c)14 2 24 40 
Total noninterest income$223 $113 $34 $370 
Six Months Ended June 30, 2024
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest income:
Fixed income (a)$— $92 $— $92 
Deposit transactions and cash management82 2 4 88 
Brokerage, management fees and commissions49 — — 49 
Card and digital banking fees33 — 5 38 
Other service charges and fees24 2 1 27 
Trust services and investment management23 — 1 24 
Mortgage banking income— 18 1 19 
Securities gains (losses), net (b)— — 1 1 
Other income (c)14 1 28 43 
Total noninterest income$225 $115 $41 $381 
(a)2025 and 2024 include $18 million and $20 million, respectively, of underwriting, portfolio advisory, and other noninterest income in scope of ASC 606, "Revenue from Contracts with Customers."
(b)Represents noninterest income excluded from the scope of ASC 606. Amount is presented for informational purposes to reconcile total noninterest income.
(c)Includes letter of credit fees and insurance commissions in scope of ASC 606.
The following tables present a disaggregation of FHN's noninterest expense by major product line and reportable segment for the three and six months ended June 30, 2025 and 2024.

NONINTEREST EXPENSE DETAIL BY SEGMENT
Three Months Ended June 30, 2025
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest expense:
Personnel expense$133 $52 $97 $282 
Net occupancy expense20 2 12 34 
Computer software8 2 24 34 
Operations services4 6 13 23 
Legal and professional fees3 1 13 17 
Deposit insurance expense— — 12 12 
Advertising and public relations2 — 12 14 
Equipment expense3 — 8 11 
Amortization of intangible assets9 — 1 10 
Contract employment and outsourcing1 1 6 8 
Communications and delivery2 1 5 8 
Other expense15 5 18 38 
Cost allocations154 6 (160)— 
Total noninterest expense$354 $76 $61 $491 
Three Months Ended June 30, 2024
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest expense:
Personnel expense$133 $48 $98 $279 
Net occupancy expense19 2 10 31 
Computer software8 1 20 29 
Operations services4 6 13 23 
Legal and professional fees2 1 15 18 
Deposit insurance expense— — 16 16 
Advertising and public relations2 — 12 14 
Equipment expense3 — 8 11 
Amortization of intangible assets10 — 1 11 
Contract employment and outsourcing1 1 12 14 
Communications and delivery3 1 4 8 
Other expense22 6 18 46 
Cost allocations150 7 (157)— 
Total noninterest expense$357 $73 $70 $500 
Six Months Ended June 30, 2025
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest expense:
Personnel expense$268 $103 $190 $561 
Net occupancy expense41 4 24 69 
Computer software15 3 48 66 
Operations services8 11 27 46 
Legal and professional fees6 2 23 31 
Deposit insurance expense— — 25 25 
Advertising and public relations3 — 21 24 
Equipment expense5 1 16 22 
Amortization of intangible assets17 1 2 20 
Contract employment and outsourcing2 2 12 16 
Communications and delivery5 2 9 16 
Other expense32 9 41 82 
Cost allocations296 13 (309)— 
Total noninterest expense$698 $151 $129 $978 

Six Months Ended June 30, 2024
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest expense:
Personnel expense$272 $98 $210 $580 
Net occupancy expense37 4 21 62 
Computer software16 3 40 59 
Operations services9 11 25 45 
Legal and professional fees5 1 27 33 
Deposit insurance expense— — 40 40 
Advertising and public relations4 — 18 22 
Equipment expense6 1 15 22 
Amortization of intangible assets19 1 2 22 
Contract employment and outsourcing2 2 24 28 
Communications and delivery5 2 9 16 
Other expense43 10 33 86 
Cost allocations286 15 (301)— 
Total noninterest expense$704 $148 $163 $1,015