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Consolidated Statements Of Income - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Interest income:      
Interest and fees on loans $ 571,798,000 $ 599,710,000 $ 648,555,000
Interest on investment securities available-for-sale 93,233,000 83,787,000 98,450,000
Interest on investment securities held-to-maturity 287,000 0 0
Interest on loans held-for-sale 11,170,000 12,982,000 14,906,000
Interest on trading securities 31,991,000 34,548,000 35,363,000
Interest on other earning assets 770,000 1,026,000 1,679,000
Total interest income 709,249,000 732,053,000 798,953,000
Interest on deposits:      
Savings 11,562,000 14,762,000 19,744,000
Time deposits 9,076,000 15,879,000 21,265,000
Other interest-bearing deposits 3,078,000 3,747,000 5,896,000
Certificates of deposit $100,000 and more 3,090,000 5,642,000 8,311,000
Interest on trading liabilities 15,390,000 13,624,000 10,450,000
Interest on short-term borrowings 4,765,000 4,704,000 5,286,000
Interest on term borrowings 34,570,000 36,321,000 39,334,000
Total interest expense 81,531,000 94,679,000 110,286,000
Net interest income 627,718,000 637,374,000 688,667,000
Provision for loan losses 27,000,000 55,000,000 78,000,000 [1]
Net interest income after provision for loan losses 600,718,000 582,374,000 610,667,000
Noninterest income:      
Capital markets 200,595,000 272,364,000 334,912,000
Deposit transactions and cash management 111,951,000 114,383,000 120,168,000
Mortgage banking 71,257,000 33,275,000 51,890,000
Brokerage, management fees and commissions 49,099,000 42,261,000 34,934,000
Trust services and investment management 27,777,000 26,523,000 24,319,000
Bankcard income 23,697,000 20,482,000 22,384,000
Bank-owned life insurance 16,394,000 16,614,000 18,805,000
Other service charges 11,882,000 13,440,000 12,935,000
Equity securities gains/(losses), net 2,872,000 2,211,000 365,000
Insurance commissions 2,257,000 3,023,000 3,148,000
Debt securities gains/(losses), net (Note 15) 0 (451,000) 328,000
Gain on divestiture 0 111,000 200,000
All other income and commissions (Note 14) 32,263,000 40,341,000 46,941,000
Total noninterest income 550,044,000 584,577,000 671,329,000
Adjusted gross income after provision for loan losses 1,150,762,000 1,166,951,000 1,281,996,000
Noninterest expense:      
Employee compensation, incentives, and benefits (2014 and 2013 include $5.1 million and $10.1 million, respectively, of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income) 478,159,000 529,041,000 640,857,000
Occupancy 54,018,000 50,565,000 49,027,000
Legal and professional fees 44,205,000 53,359,000 38,750,000
Computer software 42,931,000 40,327,000 40,018,000
Operations services 35,247,000 35,215,000 35,429,000
Equipment rentals, depreciation, and maintenance 29,964,000 31,738,000 31,246,000
Contract employment and outsourcing 19,420,000 35,920,000 41,198,000
Advertising and public relations 18,683,000 18,239,000 17,439,000
Communications and courier 16,074,000 17,958,000 18,318,000
FDIC premium expense 11,464,000 20,156,000 27,968,000
Amortization of intangible assets [2] 4,170,000 3,912,000 3,910,000
Foreclosed real estate 2,503,000 4,299,000 11,041,000
Repurchase and foreclosure provision (4,300,000) 170,000,000 299,256,000
All other expense (Note 14) 79,993,000 137,790,000 115,067,000
Total noninterest expense 832,531,000 1,148,519,000 1,369,524,000
Income/(loss) before income taxes 318,231,000 18,432,000 (87,528,000)
Provision/(benefit) for income taxes (2014 and 2013 include $2.0 million and $4.1 million, respectively, of tax benefit reclassified from accumulated other comprehensive income) (Note 16) 84,185,000 (19,389,000) (72,028,000)
Income/(loss) from continuing operations 234,046,000 37,821,000 (15,500,000)
Income/(loss) from discontinued operations, net of tax [3] 0 548,000 148,000
Net income/(loss) 234,046,000 38,369,000 (15,352,000)
Net income attributable to noncontrolling interest 11,527,000 11,465,000 11,464,000
Net income/(loss) attributable to controlling interest 222,519,000 26,904,000 (26,816,000)
Preferred stock dividends 6,200,000 5,838,000 0
Net income/(loss) available to common shareholders $ 216,319,000 $ 21,066,000 $ (26,816,000)
Basic earnings/(loss) per share from continuing operations (Note 17) $ 0.92 $ 0.09 $ (0.11)
Diluted earnings/(loss) per share from continuing operations (Note 17) 0.91 0.09 (0.11)
Basic earnings/(loss) per share available to common shareholders (Note 17) 0.92 0.09 (0.11)
Diluted earnings/(loss) per share available to common shareholders (Note 17) $ 0.91 $ 0.09 $ (0.11)
Weighted average common shares (Note 17) 234,997 237,972 248,349
Diluted average common shares (Note 17) 236,735 239,794 248,349
[1] 2012 includes approximately $23 million of loan loss provision related to discharged bankruptcies.
[2] Represents customer lists, acquired contracts, core deposit intangibles , and covenants not to compet e.
[3] Due to the nature of the preferred stock issued by FHN and its subsidiar ies , all components of Income/(loss) from discontinued operations, net of tax have been attributed solely to FHN as the controlling interest holder.