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Goodwill and Other Intangible Assets
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill
The following is a summary of goodwill by reportable segment included in the Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024.
GOODWILL
(Dollars in millions)
Commercial, Consumer & Wealth
Wholesale
Total
December 31, 2023 (a)$1,217 $293 $1,510 
Additions— — — 
December 31, 2024$1,217 $293 $1,510 
Additions— — — 
September 30, 2025$1,217 $293 $1,510 
(a)FHN reorganized its management reporting structure and reallocated goodwill in its segments and reporting units during the fourth quarter of 2024. Prior periods have been revised to reflect this reallocation.

FHN performed the required annual goodwill impairment test as of October 1, 2024. The annual impairment test did not indicate impairment in any of FHN’s reporting units as of the testing date. Following the testing date, management evaluated the events and circumstances that could indicate that goodwill might be impaired and concluded that it is not more likely than not that goodwill was impaired. If there are any triggering events between annual evaluations, management will evaluate whether an interim impairment analysis is warranted. FHN is currently in the process of performing its annual impairment analysis as of October 1, 2025.
Accounting estimates and assumptions were made about FHN's future performance and cash flows, as well as other
prevailing market factors (e.g., interest rates, economic trends, etc.) when determining fair value as part of the goodwill impairment test. While management used the best information available to estimate future performance for each reporting unit, future adjustments to management's projections may be necessary if conditions differ substantially from the assumptions used in making the estimates.
Other intangible assets
The following table, which excludes fully amortized intangibles, presents other intangible assets included in the Consolidated Balance Sheets.
OTHER INTANGIBLE ASSETS
 September 30, 2025December 31, 2024
(Dollars in millions)Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Core deposit intangibles$354 $(256)$98 $356 $(233)$123 
Client relationships32 (20)12 32 (18)14 
Other (a)11 (7)4 27 (21)
Total$397 $(283)$114 $415 $(272)$143 
(a)Includes non-compete covenants and purchased credit card intangible assets. Also includes state banking licenses which are not subject to amortization.