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Business Segment Information (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2025 and 2024.
SEGMENT FINANCIAL INFORMATION
Three Months Ended September 30, 2025
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Interest income$855 $142 $80 $1,077 
Interest expense300 27 76 403 
Funds transfer pricing105 (55)(50)— 
Net interest income (expense)660 60 (46)674 
Noninterest income117 73 25 215 
Total revenues777 133 (21)889 
Noninterest expense (a)365 83 102 550 
Pre-provision net revenue (b)412 50 (123)339 
Provision for credit losses2 (1)(6)(5)
Income (loss) before income taxes410 51 (117)344 
Income tax expense (benefit)98 12 (32)78 
Net income (loss)$312 $39 $(85)$266 
Average assets$58,827 $9,356 $13,866 $82,049 
Depreciation and amortization(5)2 9 6 
Expenditures for long-lived assets5 — 1 6 
Three Months Ended September 30, 2024
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Interest income$905 $141 $73 $1,119 
Interest expense372 31 89 492 
Funds transfer pricing101 (58)(43)— 
Net interest income (expense)634 52 (59)627 
Noninterest income119 56 25 200 
Total revenues753 108 (34)827 
Noninterest expense (a)352 75 84 511 
Pre-provision net revenue (b)401 33 (118)316 
Provision for credit losses42 (7)— 35 
Income (loss) before income taxes359 40 (118)281 
Income tax expense (benefit)85 10 (37)58 
Net income (loss)$274 $30 $(81)$223 
Average assets$59,503 $8,440 $14,423 $82,366 
Depreciation and amortization15 2 14 31 
Expenditures for long-lived assets4 — 3 7 
(a)2025 includes $10 million in derivative valuation adjustments related to prior Visa Class B share sales and an FDIC special assessment expense credit of $2 million in the Corporate segment. 2024 includes $15 million in derivative valuation adjustments related to prior Visa Class B share sales, $2 million of restructuring costs, and a $2 million FDIC special assessment expense credit 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.
Nine Months Ended September 30, 2025
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Interest income$2,494 $406 $235 $3,135 
Interest expense886 81 222 1,189 
Funds transfer pricing308 (157)(151)— 
Net interest income (expense)1,916 168 (138)1,946 
Noninterest income340 187 58 585 
Total revenues2,256 355 (80)2,531 
Noninterest expense (a)1,063 235 231 1,529 
Pre-provision net revenue (b)1,193 120 (311)1,002 
Provision for credit losses52 9 4 65 
Income (loss) before income taxes1,141 111 (315)937 
Income tax expense (benefit)271 27 (93)205 
Net income (loss)$870 $84 $(222)$732 
Average assets$58,760 $9,056 $13,845 $81,661 
Depreciation and amortization12 6 29 47 
Expenditures for long-lived assets15 1 7 23 
Nine Months Ended September 30, 2024
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Interest income$2,681 $386 $217 $3,284 
Interest expense1,075 96 232 1,403 
Funds transfer pricing291 (151)(140)— 
Net interest income (expense)1,897 139 (155)1,881 
Noninterest income345 172 64 581 
Total revenues2,242 311 (91)2,462 
Noninterest expense (a)1,056 223 248 1,527 
Pre-provision net revenue (b)1,186 88 (339)935 
Provision for credit losses143 1 (4)140 
Income (loss) before income taxes1,043 87 (335)795 
Income tax expense (benefit)246 21 (96)171 
Net income (loss)$797 $66 $(239)$624 
Average assets$59,503 $7,871 $14,405 $81,779 
Depreciation and amortization33 6 43 82 
Expenditures for long-lived assets15 1 12 28 
(a)2025 includes $15 million in derivative valuation adjustments related to prior Visa Class B share sales, a $4 million expense credit related to an accrual release in deferred compensation, and an FDIC special assessment expense credit of $2 million in the Corporate segment. 2024 includes $15 million in derivative valuation adjustments related to prior Visa Class B share sales, $10 million in restructuring costs, and a net FDIC special assessment of $10 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 nine months ended September 30, 2025 and 2024.

NONINTEREST INCOME DETAIL BY SEGMENT
Three Months Ended September 30, 2025
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest income:
Fixed income (a)$— $57 $— $57 
Deposit transactions and cash management40 1 2 43 
Brokerage, management fees and commissions26 — — 26 
Card and digital banking fees16 — 3 19 
Other service charges and fees14 — — 14 
Trust services and investment management13 — — 13 
Mortgage banking income— 15 — 15 
Other income (c)8 — 20 28 
Total noninterest income$117 $73 $25 $215 
Three Months Ended September 30, 2024
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest income:
Fixed income (a)$— $47 $— $47 
Deposit transactions and cash management42 1 2 45 
Brokerage, management fees and commissions27 — — 27 
Card and digital banking fees16 — 3 19 
Other service charges and fees13 — — 13 
Trust services and investment management12 — — 12 
Mortgage banking income— 8 1 9 
Securities gains (losses), net (b)— — 1 1 
Other income (c)9 — 18 27 
Total noninterest income$119 $56 $25 $200 
(a)2025 and 2024 include $14 million and $11 million, respectively, of underwriting, portfolio advisory, and other noninterest income in scope of ASC 606, "Revenue from Contracts with Customers."
(b)Represents noninterest income excluded from the scope of ASC 606. Amount is presented for informational purposes to reconcile total noninterest income.
(c)Includes letter of credit fees and insurance commissions in scope of ASC 606.
Nine Months Ended September 30, 2025
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest income:
Fixed income (a)$— $149 $— $149 
Deposit transactions and cash management116 2 7 125 
Brokerage, management fees and commissions77 — — 77 
Card and digital banking fees48 — 7 55 
Other service charges and fees38 2 — 40 
Trust services and investment management37 — 1 38 
Mortgage banking income1 32 — 33 
Securities gains (losses), net (b)— — 1 1 
Other income (c)23 2 42 67 
Total noninterest income$340 $187 $58 $585 
Nine Months Ended September 30, 2024
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest income:
Fixed income (a)$— $138 $— $138 
Deposit transactions and cash management124 3 7 134 
Brokerage, management fees and commissions76 — — 76 
Card and digital banking fees50 — 8 58 
Other service charges and fees37 3 — 40 
Trust services and investment management35 — 1 36 
Mortgage banking income1 26 1 28 
Securities gains (losses), net (b)— — 2 2 
Other income (c)22 2 45 69 
Total noninterest income$345 $172 $64 $581 
(a)2025 and 2024 include $32 million and $31 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 nine months ended September 30, 2025 and 2024.

NONINTEREST EXPENSE DETAIL BY SEGMENT
Three Months Ended September 30, 2025
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest expense:
Personnel expense$136 $56 $104 $296 
Net occupancy expense20 2 14 36 
Computer software8 2 24 34 
Operations services5 6 13 24 
Legal and professional fees5 1 18 24 
Deposit insurance expense— — 11 11 
Advertising and public relations2 — 10 12 
Equipment expense2 — 8 10 
Amortization of intangible assets9 — — 9 
Contract employment and outsourcing1 1 9 11 
Communications and delivery2 1 5 8 
Contributions— — 23 23 
Other expense14 6 32 52 
Cost allocations161 8 (169)— 
Total noninterest expense$365 $83 $102 $550 
Three Months Ended September 30, 2024
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest expense:
Personnel expense$133 $50 $99 $282 
Net occupancy expense19 2 12 33 
Computer software8 1 21 30 
Operations services4 5 16 25 
Legal and professional fees3 1 11 15 
Deposit insurance expense— — 11 11 
Advertising and public relations2 — 12 14 
Equipment expense3 — 7 10 
Amortization of intangible assets10 — 1 11 
Contract employment and outsourcing1 1 10 12 
Communications and delivery3 1 4 8 
Contributions— — 4 4 
Other expense16 6 34 56 
Cost allocations150 8 (158)— 
Total noninterest expense$352 $75 $84 $511 
Nine Months Ended September 30, 2025
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest expense:
Personnel expense$403 $159 $294 $856 
Net occupancy expense59 7 39 105 
Computer software23 5 72 100 
Operations services13 17 41 71 
Legal and professional fees12 2 40 54 
Deposit insurance expense— — 36 36 
Advertising and public relations5 — 31 36 
Equipment expense8 1 23 32 
Amortization of intangible assets26 1 2 29 
Contract employment and outsourcing3 3 21 27 
Communications and delivery7 3 15 25 
Contributions1 — 24 25 
Other expense46 17 70 133 
Cost allocations457 20 (477)— 
Total noninterest expense$1,063 $235 $231 $1,529 

Nine Months Ended September 30, 2024
(Dollars in millions)Commercial, Consumer & WealthWholesaleCorporateConsolidated
Noninterest expense:
Personnel expense$405 $148 $309 $862 
Net occupancy expense56 7 32 95 
Computer software24 4 61 89 
Operations services13 16 40 69 
Legal and professional fees8 2 37 47 
Deposit insurance expense— — 51 51 
Advertising and public relations6 — 31 37 
Equipment expense9 1 22 32 
Amortization of intangible assets29 1 3 33 
Contract employment and outsourcing3 3 34 40 
Communications and delivery8 2 14 24 
Contributions1 — 5 6 
Other expense58 17 67 142 
Cost allocations436 22 (458)— 
Total noninterest expense$1,056 $223 $248 $1,527