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Derivatives (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2025 and 2024.
Table 8.21.1
DERIVATIVES ASSOCIATED WITH TRADING
 December 31, 2025
(Dollars in millions)NotionalAssetsLiabilities
Customer interest rate contracts$4,301 $22 $104 
Offsetting upstream interest rate contracts4,446 70 22 
Forwards and futures purchased1,937 7 — 
Forwards and futures sold2,210 — 8 
 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 December 31, 2025 and 2024.
Table 8.21.2
DERIVATIVES ASSOCIATED WITH INTEREST RATE RISK MANAGEMENT
 December 31, 2025
(Dollars in millions)NotionalAssetsLiabilities
Customer Interest Rate Contracts Hedging 
Hedging Instruments and Hedged Items: 
Customer interest rate contracts$7,851 $43 $185 
Offsetting upstream interest rate contracts8,151 184 43 
 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 years ended December 31, 2025, 2024, and 2023.
Table 8.21.3
DERIVATIVE GAINS (LOSSES) ASSOCIATED WITH INTEREST RATE RISK MANAGEMENT
Year Ended December 31,
202520242023
(Dollars in millions)Gains (Losses)Gains (Losses)Gains (Losses)
Customer Interest Rate Contracts Hedging
Hedging Instruments and Hedged Items:
Customer interest rate contracts (a)$220 $10 $195 
Offsetting upstream interest rate contracts (a)(220)(10)(195)
(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 December 31, 2025 and 2024.
Table 8.21.4
DERIVATIVES ASSOCIATED WITH CASH FLOW HEDGES
 December 31, 2025
(Dollars in millions)NotionalAssetsLiabilities
Cash Flow Hedges 
Hedging Instruments: 
Interest rate contracts$5,000 $— $14 
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 years ended December 31, 2025, 2024, and 2023.
Table 8.21.5
DERIVATIVE GAINS (LOSSES) ASSOCIATED WITH CASH FLOW HEDGES
Year Ended December 31,
202520242023
(Dollars in millions)Gains (Losses)Gains (Losses)Gains (Losses)
Cash Flow Hedges
Hedging Instruments:
Interest rate contracts (a) $69 $(19)$45 
Gain (loss) recognized in other comprehensive income (loss)17 (63)(5)
Gain (loss) reclassified from AOCI into interest income35 49 52 
(a)Approximately $7 million of pre-tax losses are expected to be reclassified into earnings in the next twelve months.
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location The notional and fair values of these contracts are presented in the table below.
Table 8.21.6
DERIVATIVES ASSOCIATED WITH MORTGAGE BANKING HEDGES
December 31, 2025
(Dollars in millions)NotionalAssetsLiabilities
Mortgage Banking Hedges
Option contracts written$82 $1 $— 
Forward contracts written135 — — 
December 31, 2024
(Dollars in millions)NotionalAssetsLiabilities
Mortgage Banking Hedges
Option contracts written$51 $— $— 
Forward contracts written100 1 — 
The following table summarizes gains (losses) on FHN's derivatives associated with mortgage banking activities for the years ended December 31, 2025, 2024 and 2023.
Table 8.21.7
DERIVATIVE GAINS (LOSSES) ASSOCIATED WITH MORTGAGE BANKING HEDGES
Year Ended December 31,
202520242023
(Dollars in millions)Gains (Losses)Gains (Losses)Gains (Losses)
Mortgage Banking Hedges
Option contracts written$(2)$1 $— 
Forward contracts written(1)(2)1 
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 December 31, 2025 and 2024.
Table 8.21.8
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:
December 31, 2025
Interest rate derivative contracts$320 $— $320 $(79)$(209)$32 
Forward contracts7 — 7 (4)(1)2 
$327 $— $327 $(83)$(210)$34 
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 December 31, 2025 and 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 December 31, 2025 and 2024.
Table 8.21.9
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:
December 31, 2025
Interest rate derivative contracts$368 $— $368 $(79)$(94)$195 
Forward contracts8 — 8 (4)(4)— 
$376 $— $376 $(83)$(98)$195 
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 December 31, 2025 and 2024, $26 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.