Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

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)	2019		2018		2017
Consolidated
Net interest income	$	1,210,187	$	1,220,317	$	842,314
Provision/(provision credit) for loan losses	47,000		7,000		—
Noninterest income	654,080		722,788		490,219
Noninterest expense	1,231,603		1,221,996		1,023,661
Income/(loss) before income taxes	585,664		714,109		308,872
Provision/(benefit) for income taxes	133,291		157,602		131,892
Net income/(loss)	$	452,373	$	556,507	$	176,980
Average assets	$	41,744,264	$	40,225,459	$	29,924,813
Depreciation and amortization	$	65,239	$	59,125	$	70,924
Expenditures for long-lived assets	49,159		38,166		287,642

(Dollars in thousands)	2019			2018			2017
Regional Banking
Net interest income	$	1,196,318		$	1,197,471		$	844,439
Provision/(provision credit) for loan losses	66,059			24,643			21,451
Noninterest income	329,834			311,763			259,546
Noninterest expense	789,033			826,262			628,050
Income/(loss) before income taxes	671,060			658,329			454,484
Provision/(benefit) for income taxes	158,148			154,659			162,348
Net income/(loss)	$	512,912		$	503,670		$	292,136
Average assets	$	30,785,775		$	28,366,987		$	19,469,287
Depreciation and amortization	$	31,719		$	31,316		$	45,734
Expenditures for long-lived assets	35,207			36,164			274,992
Fixed Income
Net interest income	$	26,044		$	35,753		$	18,122
Noninterest income	278,423			164,769			217,086
Noninterest expense	236,660			189,373			206,427
Income/(loss) before income taxes	67,807			11,149			28,781
Provision/(benefit) for income taxes	16,137			2,097			9,698
Net income/(loss)	$	51,670		$	9,052		$	19,083
Average assets	$	2,961,655		$	3,297,579		$	2,539,899
Depreciation and amortization	$	8,150		$	9,603		$	8,036
Expenditures for long-lived assets	909			646			1,877
Corporate
Net interest income/(expense)	$	(40,774	)	$	(64,191	)	$	(59,261	)
Noninterest income (a)	41,357			239,263			8,887
Noninterest expense (b) (c) (d)	195,683			177,923			144,333
Income/(loss) before income taxes	(195,100		)	(2,851		)	(194,707		)
Provision/(benefit) for income taxes	(51,348		)	(10,889		)	(47,967		)
Net income/(loss)	$	(143,752	)	$	8,038		$	(146,740	)
Average assets	$	6,951,611		$	7,090,069		$	6,370,951
Depreciation and amortization	$	27,649		$	23,285		$	16,764
Expenditures for long-lived assets	12,560			308			8,951
Non-Strategic
Net interest income	$	28,599		$	51,284		$	39,014
Provision/(provision credit) for loan losses	(19,059		)	(17,643		)	(21,451		)
Noninterest income	4,466			6,993			4,700
Noninterest expense	10,227			28,438			44,851
Income/(loss) before income taxes	41,897			47,482			20,314
Provision/(benefit) for income taxes	10,354			11,735			7,813
Net income/(loss)	$	31,543		$	35,747		$	12,501
Average assets	$	1,045,223		$	1,470,824		$	1,544,676
Depreciation and amortization	$	(2,279	)	$	(5,079	)	$	390
Expenditures for long-lived assets	483			1,048			1,822

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.

(b) 2019 includes restructuring-related costs associated with efficiency initiatives; refer to Note 25 - Restructuring, Repositioning, and Efficiency for additional information. 2019 and 2018 include acquisition-related expenses; refer to Note 2 - Acquisitions and Divestitures for additional information

(c) 2019 includes $21.3 million, respectively, of asset impairments, professional fees, and other customer-contact and technology-related expenses associated with rebranding initiatives.

(d) 2019 and 2017 include $11.0 million and $8.8 million, respectively, of contributions to FHN's foundation.

The following tables reflect a disaggregation of FHN’s noninterest income by major product line and reportable segment for the years ended December 31, 2019, 2018, and 2017:

	December 31, 2019
(Dollars in thousands)	Regional Banking		Fixed Income		Corporate			Non-Strategic			Consolidated
Noninterest income:
Fixed income (a)	$	122	$	277,561	$	—		$	1,106		$	278,789
Deposit transactions and cash management	124,832		4		6,610			217			131,663
Brokerage, management fees and commissions	55,462		—		—			5			55,467
Trust services and investment management	29,600		—		(89		)	—			29,511
Bankcard income	28,540		11		248			(491		)	28,308
BOLI (b)	—		—		19,210			—			19,210
Debt securities gains/(losses), net (b)	—		—		(267		)	—			(267		)
Equity securities gains/(losses), net (b)	—		—		441			—			441
All other income and commissions (d)	91,278		847		15,204			3,629			110,958
Total noninterest income	$	329,834	$	278,423	$	41,357		$	4,466		$	654,080
	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	126,832		12		6,214			223			133,281
Brokerage, management fees and commissions	54,800		—		—			3			54,803
Trust services and investment management	29,852		—		(46		)	—			29,806
Bankcard income	29,434		—		226			(356		)	29,304
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)	70,428		1,375		966			3,040			75,809
Total noninterest income	$	311,763	$	164,769	$	239,263		$	6,993		$	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	105,058		3		5,338			193			110,592
Brokerage, management fees and commissions	48,513		—		1			—			48,514
Trust services and investment management	28,491		—		(71		)	—			28,420
Bankcard income	25,983		—		225			227			26,435
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)	50,685		888		(11,936		)	4,280			43,917
Total noninterest income	$	259,546	$	217,086	$	8,887		$	4,700		$	490,219

Certain previously reported amounts have been reclassified to agree with current presentation.

(a) For years ended 2019 and 2018, includes $33.7 million and $28.9 million, respectively, of underwriting, portfolio advisory, and other noninterest income in scope of Accounting Standards Codification ("ASC") 606, "Revenue From Contracts With Customers." 2019 and 2018 include $1.1 million and $4.1 million, respectively, of gains from the reversal of a previous valuation adjustment due to sales and payoffs of TRUPS loans excluded from the scope of ASC 606 in the Non-strategic segment.

(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.