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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2018
Segment Reporting, Measurement Disclosures [Abstract]  
Amounts of Consolidated Revenue, Expense, Tax and Assets
The following table reflects the amounts of consolidated revenue, expense, tax, and average assets, as well as, depreciation and amortization expense and expenditures for long lived assets for each segment for the years ended December 31:
 
 
 
 
(Dollars in thousands)
 
2018
 
2017
 
2016
Consolidated
 
 
 
 
 
 
Net interest income
 
$
1,220,317

 
$
842,314

 
$
729,084

Provision/(provision credit) for loan losses
 
7,000

 

 
11,000

Noninterest income
 
722,788

 
490,219

 
552,441

Noninterest expense
 
1,221,996

 
1,023,661

 
925,204

Income/(loss) before income taxes
 
714,109

 
308,872

 
345,321

Provision/(benefit) for income taxes
 
157,602

 
131,892

 
106,810

Net income/(loss)
 
$
556,507

 
$
176,980

 
$
238,511

Average assets
 
$
40,225,459

 
$
29,924,813

 
$
27,427,227

Depreciation and amortization
 
$
59,125

 
$
70,924

 
$
64,673

Expenditures for long-lived assets
 
38,166

 
287,642

 
62,554

 
 
 
 
 
 
 
(Dollars in thousands)
 
2018
 
2017
 
2016
Regional Banking
 
 
 
 
 
 
Net interest income
 
$
1,202,317

 
$
846,620

 
$
742,131

Provision/(provision credit) for loan losses
 
25,277

 
21,341

 
38,886

Noninterest income
 
309,308

 
258,627

 
248,996

Noninterest expense
 
824,740

 
626,304

 
612,983

Income/(loss) before income taxes
 
661,608

 
457,602

 
339,258

Provision/(benefit) for income taxes
 
155,471

 
163,547

 
121,304

Net income/(loss)
 
$
506,137

 
$
294,055

 
$
217,954

Average assets
 
$
28,470,388

 
$
19,507,765

 
$
17,137,709

Depreciation and amortization
 
$
29,681

 
$
43,061

 
$
38,896

Expenditures for long-lived assets
 
34,212

 
274,059

 
51,442

Fixed Income
 
 
 
 
 
 
Net interest income
 
$
35,715

 
$
18,065

 
$
10,802

Noninterest income
 
164,767

 
217,082

 
269,344

Noninterest expense
 
191,504

 
208,921

 
227,936

Income/(loss) before income taxes
 
8,978

 
26,226

 
52,210

Provision/(benefit) for income taxes
 
1,560

 
8,717

 
18,722

Net income/(loss)
 
$
7,418

 
$
17,509

 
$
33,488

Average assets
 
$
3,299,117

 
$
2,543,151

 
$
2,364,130

Depreciation and amortization
 
$
9,724

 
$
8,737

 
$
5,770

Expenditures for long-lived assets
 
755

 
2,499

 
2,019

Corporate
 
 
 
 
 
 
Net interest income/(expense)
 
$
(64,140
)
 
$
(59,383
)
 
$
(66,215
)
Noninterest income (a)
 
239,252

 
8,878

 
20,453

Noninterest expense
 
177,829

 
144,258

 
63,577

Income/(loss) before income taxes
 
(2,717
)
 
(194,763
)
 
(109,339
)
Provision/(benefit) for income taxes
 
(10,856
)
 
(47,989
)
 
(57,698
)
Net income/(loss)
 
$
8,139

 
$
(146,774
)
 
$
(51,641
)
Average assets
 
$
7,092,078

 
$
6,367,268

 
$
6,037,624

Depreciation and amortization
 
$
25,564

 
$
18,726

 
$
19,610

Expenditures for long-lived assets
 
2,302

 
9,161

 
8,947

Non-Strategic
 
 
 
 
 
 
Net interest income
 
$
46,425

 
$
37,012

 
$
42,366

Provision/(provision credit) for loan losses
 
(18,277
)
 
(21,341
)
 
(27,886
)
Noninterest income
 
9,461

 
5,632

 
13,648

Noninterest expense
 
27,923

 
44,178

 
20,708

Income/(loss) before income taxes
 
46,240

 
19,807

 
63,192

Provision/(benefit) for income taxes
 
11,427

 
7,617

 
24,482

Net income/(loss)
 
$
34,813

 
$
12,190

 
$
38,710

Average assets
 
$
1,363,876

 
$
1,506,629

 
$
1,887,764

Depreciation and amortization
 
$
(5,844
)
 
$
400

 
$
397

Expenditures for long-lived assets
 
897

 
1,923

 
146

Certain previously reported amounts have been reclassified to agree with current presentation.
(a) 2018 includes a $212.9 million pre-tax gain from the sale of Visa Class B shares; 2017 includes a $14.3 million pre-tax loss from the repurchase of equity securities previously included in a financing transaction.




The following tables reflect a disaggregation of FHN’s noninterest income by major product line and reportable segment for the years ended December 31, 2018, 2017, and 2016:
 
 
December 31, 2018
(Dollars in thousands)
 
Regional Banking
 
Fixed Income
 
Corporate
 
Non-Strategic
 
Consolidated
Noninterest income:
 
 
 
 
 
 
 
 
 
 
Fixed income (a)
 
$
417

 
$
163,382

 
$

 
$
4,083

 
$
167,882

Deposit transactions and cash management
 
126,909

 
12

 
6,144

 
216

 
133,281

Brokerage, management fees and commissions
 
54,800

 

 

 
3

 
54,803

Trust services and investment management
 
29,852

 

 
(46
)
 

 
29,806

Bankcard income
 
26,848

 

 
226

 
(356
)
 
26,718

BOLI (b)
 

 

 
18,955

 

 
18,955

Debt securities gains/(losses), net (b)
 

 

 
52

 

 
52

Equity securities gains/(losses), net (b) (c)
 

 

 
212,896

 

 
212,896

All other income and commissions (d)
 
70,482

 
1,373

 
1,025

 
5,515

 
78,395

     Total noninterest income
 
$
309,308

 
$
164,767

 
$
239,252

 
$
9,461

 
$
722,788

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
(Dollars in thousands)
 
Regional Banking
 
Fixed Income
 
Corporate
 
Non-Strategic
 
Consolidated
Noninterest income:
 
 
 
 
 
 
 
 
 
 
Fixed income
 
$
430

 
$
216,195

 
$

 
$

 
$
216,625

Deposit transactions and cash management
 
105,163

 
3

 
5,236

 
190

 
110,592

Brokerage, management fees and commissions
 
48,513

 

 
1

 

 
48,514

Trust services and investment management
 
28,491

 

 
(71
)
 

 
28,420

Bankcard income
 
25,014

 

 
225

 
228

 
25,467

BOLI
 

 

 
15,124

 

 
15,124

Debt securities gains/(losses), net
 
386

 

 
97

 

 
483

Equity securities gains/(losses), net
 

 

 
109

 

 
109

All other income and commissions (e)
 
50,630

 
884

 
(11,843
)
 
5,214

 
44,885

     Total noninterest income
 
$
258,627

 
$
217,082

 
$
8,878

 
$
5,632

 
$
490,219

 
 
 
 
December 31, 2016
(Dollars in thousands)
 
Regional Banking
 
Fixed Income
 
Corporate
 
Non-Strategic
 
Consolidated
Noninterest income:
 
 
 
 
 
 
 
 
 
 
Fixed income
 
$
79

 
$
268,482

 
$

 
$

 
$
268,561

Deposit transactions and cash management
 
103,122

 
3

 
5,250

 
178

 
108,553

Brokerage, management fees and commissions
 
42,911

 

 

 

 
42,911

Trust services and investment management
 
27,764

 

 
(37
)
 

 
27,727

BOLI
 
23,945

 

 
215

 
270

 
24,430

Bank-owned life insurance
 

 

 
14,687

 

 
14,687

Debt securities gains/(losses), net
 

 

 
1,485

 

 
1,485

Equity securities gains/(losses), net
 

 

 
(144
)
 

 
(144
)
All other income and commissions
 
51,175

 
859

 
(1,003
)
 
13,200

 
64,231

     Total noninterest income
 
$
248,996

 
$
269,344

 
$
20,453

 
$
13,648

 
$
552,441


(a)
Includes $28.9 million of underwriting, portfolio advisory, and other noninterest income in scope of Accounting Standards Codification ("ASC") 606, "Revenue From Contracts With Customers." Non-Strategic includes a $4.1 million gain from the reversal of a previous valuation adjustment due to sales of TRUPS loans excluded from the scope of ASC 606.
(b)
Represents noninterest income excluded from the scope of ASC 606. Amount is presented for informational purposes to reconcile total non-interest income.
(c)
Includes a pre-tax gain of $212.9 million from the sale of FHN's remaining holdings of Visa Class B shares.
(d)
Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commission in scope of ASC 606.
(e)
Corporate includes a $14.3 million pre-tax loss from the repurchase of equity securities previously included in a financing transaction.