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Derivatives (Tables)
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives Associated with Fixed Income Trading Activities
The following table summarizes derivatives associated with FHNF's trading activities as of September 30, 2025 and December 31, 2024.
DERIVATIVES ASSOCIATED WITH TRADING
 September 30, 2025
(Dollars in millions)NotionalAssetsLiabilities
Customer interest rate contracts$4,444 $26 $108 
Offsetting upstream interest rate contracts4,603 73 25 
Forwards and futures purchased2,290 6 2 
Forwards and futures sold2,447 3 5 
 
 December 31, 2024
(Dollars in millions)NotionalAssetsLiabilities
Customer interest rate contracts$4,096 $8 $190 
Offsetting upstream interest rate contracts4,265 134 9 
Forwards and futures purchased1,421 1 6 
Forwards and futures sold1,426 7 — 
Schedule of Derivatives Associated with Interest Rate Risk Management Activities
The following table summarizes FHN’s derivatives associated with interest rate risk management activities as of September 30, 2025 and December 31, 2024.
 
DERIVATIVES ASSOCIATED WITH INTEREST RATE RISK MANAGEMENT
 September 30, 2025
(Dollars in millions)NotionalAssetsLiabilities
Customer Interest Rate Contracts Hedging 
Hedging Instruments and Hedged Items: 
Customer interest rate contracts$7,988 $41 $202 
Offsetting upstream interest rate contracts8,288 201 42 
 December 31, 2024
(Dollars in millions)NotionalAssetsLiabilities
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items: 
Customer interest rate contracts$8,301 $10 $372 
Offsetting upstream interest rate contracts8,301 369 11 
Schedule of Gains/(Losses) on Derivatives Associated with Interest Rate Risk Management Activities
The following table summarizes gains (losses) on FHN’s derivatives associated with interest rate risk management activities for the three and nine months ended September 30, 2025 and 2024.
DERIVATIVE GAINS (LOSSES) ASSOCIATED WITH INTEREST RATE RISK MANAGEMENT
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
(Dollars in millions)Gains (Losses)Gains (Losses)Gains (Losses)Gains (Losses)
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
Customer interest rate contracts (a)$27 $240 $202 $163 
Offsetting upstream interest rate contracts (a)(27)(240)(202)(163)
(a)Gains (losses) included in other expense within the Consolidated Statements of Income.
Schedule of Derivative Associated with Cash Flow Hedges
The following tables summarize FHN’s derivative activities associated with cash flow hedges as of September 30, 2025 and December 31, 2024.
DERIVATIVES ASSOCIATED WITH CASH FLOW HEDGES
 September 30, 2025
(Dollars in millions)NotionalAssetsLiabilities
Cash Flow Hedges 
Hedging Instruments: 
Interest rate contracts$5,000 $— $15 
Hedged Items:
Variability in cash flows related to debt instruments (primarily loans)N/A$5,000 N/A
 
 December 31, 2024
(Dollars in millions)NotionalAssetsLiabilities
Cash Flow Hedges
Hedging Instruments: 
Interest rate contracts$5,000 $— $67 
Hedged Items:
Variability in cash flows related to debt instruments (primarily loans)N/A$5,000 N/A
Schedule of Gains/(Losses) on Derivatives Associated with Cash Flow Hedges
The following table summarizes gains (losses) on FHN’s derivatives associated with cash flow hedges for the three and nine months ended September 30, 2025 and 2024.
DERIVATIVE GAINS (LOSSES) ASSOCIATED WITH CASH FLOW HEDGES
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
(Dollars in millions)Gains (Losses)Gains (Losses)Gains (Losses)Gains (Losses)
Cash Flow Hedges
Hedging Instruments:
Interest rate contracts (a)$7 $77 $64 $35 
Gain (loss) recognized in other comprehensive income (loss)(4)45 21 (13)
Gain (loss) reclassified from AOCI into interest income9 13 27 39 
(a)Approximately $7 million of pre-tax losses are expected to be reclassified into earnings in the next twelve months.
Schedule of Derivatives Gains/Losses Associated with Mortgage Banking Hedges The notional and fair values of these contracts are presented in the table below.
DERIVATIVES ASSOCIATED WITH MORTGAGE BANKING HEDGES
September 30, 2025
(Dollars in millions)NotionalAssetsLiabilities
Mortgage Banking Hedges
Option contracts written$159 $1 $— 
Forward contracts written169 — — 

December 31, 2024
(Dollars in millions)NotionalAssetsLiabilities
Mortgage Banking Hedges
Option contracts written$51 $— $— 
Forward contracts written100 1 — 
The following table summarizes gains (losses) on FHN's derivatives associated with mortgage banking activities for the three and nine months ended September 30, 2025 and 2024.
DERIVATIVE GAINS (LOSSES) ASSOCIATED WITH MORTGAGE BANKING HEDGES
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
(Dollars in millions)Gains (Losses)Gains (Losses)Gains (Losses)Gains (Losses)
Mortgage Banking Hedges
Option contracts written$— $— $— $— 
Forward contracts written1 3 — (5)
Schedule of Derivative Assets and Collateral Received
The following table provides details of derivative assets and collateral received as presented on the Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024.

DERIVATIVE ASSETS & COLLATERAL RECEIVED
    Gross amounts not offset in the Balance Sheets 
(Dollars in millions)Gross amounts
of recognized
assets		Gross amounts
offset in the
Balance Sheets		Net amounts of
assets presented
in the Balance Sheets (a)		Derivative
liabilities
available for
offset		Collateral
received		Net amount
Derivative assets:
September 30, 2025
Interest rate derivative contracts$343 $— $343 $(84)$(236)$23 
Forward contracts9 — 9 (5)(2)2 
$352 $— $352 $(89)$(238)$25 
December 31, 2024
Interest rate derivative contracts$522 $— $522 $(73)$(436)$13 
Forward contracts8 — 8 (3)(4)1 
$530 $— $530 $(76)$(440)$14 
(a)Included in other assets on the Consolidated Balance Sheets. As of September 30, 2025 and December 31, 2024, less than $1 million and $2 million, respectively, of derivative assets have been excluded from these tables because they are generally not subject to master netting or similar agreements.
Schedule of Derivative Liabilities and Collateral Pledged
The following table provides details of derivative liabilities and collateral pledged as presented on the Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024.
 
DERIVATIVE LIABILITIES & COLLATERAL PLEDGED
    Gross amounts not offset
 in the Balance Sheets		 
(Dollars in millions)Gross amounts
of recognized
liabilities		Gross amounts
offset in the
Balance Sheets		Net amounts of
liabilities presented
in the Balance Sheets (a)		Derivative
assets 
available for
offset		Collateral
pledged		Net amount
Derivative liabilities:
September 30, 2025
Interest rate derivative contracts$393 $— $393 $(84)$(91)$218 
Forward contracts8 — 8 (5)(2)1 
$401 $— $401 $(89)$(93)$219 
December 31, 2024
Interest rate derivative contracts$649 $— $649 $(73)$(168)$408 
Forward contracts6 — 6 (3)(1)2 
$655 $— $655 $(76)$(169)$410 
(a)Included in other liabilities on the Consolidated Balance Sheets. As of September 30, 2025 and December 31, 2024, $23 million and $16 million, respectively, of derivative liabilities (primarily Visa-related derivatives) have been excluded from these tables because they are generally not subject to master netting or similar agreements.