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Consolidated Condensed Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest income:        
Interest and fees on loans $ 163,813 $ 162,340 $ 486,507 $ 486,771
Interest on investment securities 24,136 30,007 76,413 90,449
Interest on loans held for sale 3,808 5,126 11,174 12,050
Interest on trading securities 8,392 10,765 27,450 32,834
Interest on other earning assets 367 122 1,210 618
Total interest income 200,516 208,360 602,754 622,722
Interest expense:        
Savings 4,764 6,773 15,127 21,042
Time deposits 5,169 7,096 16,626 22,911
Other interest-bearing deposits 1,455 1,650 4,628 4,841
Certificates of deposit $100,000 and more 1,975 2,328 6,586 7,650
Interest on trading liabilities 2,556 3,703 7,914 11,595
Interest on short-term borrowings 1,443 1,389 3,958 4,397
Interest on term borrowings 9,689 9,081 29,846 28,331
Total interest expense 27,051 32,020 84,685 100,767
Net interest income 173,465 176,340 518,069 521,955
Provision for loan losses 40,000 32,000 63,000 34,000
Net interest income after provision for loan losses 133,465 144,340 455,069 487,955
Noninterest income:        
Capital markets 80,773 99,557 262,429 267,535
Mortgage banking 10,373 12,751 43,603 72,578
Deposit transactions and cash management 30,352 35,701 89,216 102,706
Trust services and investment management 6,055 6,086 18,340 19,130
Brokerage management fees and commissions 8,699 9,576 25,954 25,393
Insurance commissions 946 739 2,344 2,192
Debt securities gains/(losses), net 0 0 328 772
Equity securities gains/(losses), net 0 35,162 5,065 35,189
Gain on divestiture 0 0 200 0
All other income and commissions (Note 7) 26,340 21,315 77,407 79,321
Total noninterest income 163,538 220,887 524,886 604,816
Adjusted gross income after provision for loan losses 297,003 365,227 979,955 1,092,771
Noninterest expense:        
Employee compensation, incentives, and benefits 153,970 153,540 479,044 461,212
Repurchase and foreclosure provision 0 52,791 299,256 114,557
Legal and professional fees 12,295 18,132 26,779 56,935
Contract employment and outsourcing 10,187 14,352 32,146 29,382
Occupancy 13,059 13,523 36,664 41,445
Operations services 8,702 11,978 27,306 39,746
Equipment rentals, depreciation, and maintenance 7,931 8,795 23,336 25,166
Computer software 10,260 8,689 29,685 25,149
FDIC premium expense 7,532 5,904 20,669 22,798
Foreclosed real estate 2,968 4,691 9,046 17,283
Communications and courier 4,722 4,428 13,705 14,716
Amortization of intangible assets 979 1,004 2,931 3,016
Miscellaneous loan costs 577 959 3,202 3,310
All other expense (Note 7) 29,987 23,922 108,571 126,245
Total noninterest expense 263,169 322,708 1,112,340 980,960
Income/(loss)before income taxes 33,834 42,519 (132,385) 111,811
Provision/(benefit) for income taxes 5,260 8,367 (72,348) 16,362
Income/(loss) from continuing operations 28,574 34,152 (60,037) 95,449
Income/(loss) from discontinued operations, net of tax 108 [1] 4,828 [1] 160 [1] 9,369 [1]
Net income/(loss) 28,682 38,980 (59,877) 104,818
Net income attributable to noncontrolling interest 2,875 2,875 8,563 8,563
Net income/(loss) available to common shareholders $ 25,807 $ 36,105 $ (68,440) $ 96,255
Basic earnings/(loss) per share from continuing operations (Note 8) $ 0.10 $ 0.12 $ (0.27) $ 0.33
Diluted earnings/(loss) per share from continuing operations (Note 8) $ 0.10 $ 0.12 $ (0.27) $ 0.33
Basic earnings/(loss) per share available to common shareholders (Note 8) $ 0.10 $ 0.14 $ (0.27) $ 0.37
Diluted earnings/(loss) per share available to common shareholders (Note 8) $ 0.10 $ 0.14 $ (0.27) $ 0.37
Weighted average common shares (Note 8) 246,628 261,284 249,742 261,250
Diluted average common shares (Note 8) 248,306 262,803 249,742 263,697
[1] Due to the nature of the subsidiary preferred stock issued by First Horizon Preferred Funding, LLC, First Horizon Preferred Funding II, LLC, and FTBNA, all components of Income/(loss) from discontinued operations, net of tax have been attributed solely to FHN as the controlling interest holder.