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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income:      
Interest and fees on loans $ 599,710 $ 648,555 $ 654,430
Interest on investment securities 83,787 98,450 118,106
Interest on loans held-for-sale 12,982 14,906 15,910
Interest on trading securities 34,548 35,363 43,191
Interest on other earning assets 1,026 1,679 800
Total interest income 732,053 798,953 832,437
Interest on deposits:      
Savings 14,762 19,744 26,963
Time deposits 15,879 21,265 29,274
Other interest-bearing deposits 3,747 5,896 6,247
Certificates of deposit $100,000 and more 5,642 8,311 9,817
Interest on trading liabilities 13,624 10,450 14,958
Interest on short-term borrowings 4,704 5,286 5,838
Interest on term borrowings 36,321 39,334 38,508
Total interest expense 94,679 110,286 131,605
Net interest income 637,374 688,667 700,832
Provision for loan losses 55,000 78,000 44,000
Net interest income after provision for loan losses 582,374 610,667 656,832
Noninterest income:      
Capital markets 272,364 334,912 355,291
Deposit transactions and cash management 114,383 120,168 134,055
Brokerage, management fees and commissions 42,261 34,934 32,964
Mortgage banking 33,275 51,890 90,586
Trust services and investment management 26,523 24,319 24,952
Bankcard income 20,482 22,384 22,388
Bank owned life insurance 16,614 18,805 19,615
Other service charges 13,440 12,935 12,182
Insurance commissions 3,023 3,148 3,591
Equity securities gains/(losses), net 2,211 365 35,392
Debt securities gains/(losses), net (Note 15) (451) 328 772
Gain on divestitures 111 200 0
All other income and commissions (Note 14) 40,341 46,941 54,223
Total noninterest income 584,577 671,329 786,011
Adjusted gross income after provision for loan losses 1,166,951 1,281,996 1,442,843
Noninterest expense:      
Employee compensation, incentives, and benefits (2013 includes $10.1 million of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income) 529,041 640,857 610,225
Repurchase and foreclosure provision 170,000 299,256 159,590
Legal and professional fees 53,359 38,750 69,643
Occupancy 50,565 49,027 53,613
Computer software 40,327 40,018 34,656
Contract employment and outsourcing 35,920 41,198 41,896
Operations services 35,215 35,429 50,347
Equipment rentals, depreciation, and maintenance 31,738 31,246 32,914
FDIC premium expense 20,156 27,968 28,302
Advertising and public relations 18,239 17,439 16,884
Communications and courier 17,958 18,318 19,100
Foreclosed real estate 4,299 11,041 22,076
Amortization of intangible assets 3,912 [1] 3,910 [1] 4,016
All other expense (Note 14) 147,872 129,244 149,733
Total noninterest expense 1,158,601 1,383,701 1,292,995
Income/(loss) before income taxes 8,350 (101,705) 149,848
Provision/(benefit) for income taxes (2013 includes $4.1 million of income tax benefit reclassified from accumulated other comprehensive income) (Note 16) (32,169) (85,262) 15,836
Income/(loss) from continuing operations 40,519 (16,443) 134,012
Income/(loss) from discontinued operations, net of tax 548 [2] 148 [2] 8,618 [2]
Net income/(loss) 41,067 (16,295) 142,630
Net income attributable to noncontrolling interest 11,465 11,464 11,434
Net income/(loss) attributable to controlling interest 29,602 (27,759) 131,196
Preferred stock dividends 5,838 0 0
Net income/(loss) available to common shareholders $ 23,764 $ (27,759) $ 131,196
Basic earnings/(loss) per share from continuing operations (Note 17) $ 0.10 $ (0.11) $ 0.47
Diluted earnings/(loss) per share from continuing operations (Note 17) $ 0.10 $ (0.11) $ 0.47
Basic earnings/(loss) per share available to common shareholders (Note 17) $ 0.10 $ (0.11) $ 0.50
Diluted earnings/(loss) per share available to common shareholders (Note 17) $ 0.10 $ (0.11) $ 0.50
Weighted average common shares (Note 17) 237,972 248,349 260,574
Diluted average common shares (Note 17) 239,794 248,349 262,861
[1] Represents customer lists, acquired contracts, core deposit intangibles, and covenants not to compete.
[2] Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of Income/(loss) from discontinued operations, net of tax have been attributed solely to FHN as the controlling interest holder.