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Consolidated Condensed Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest income:    
Interest and fees on loans $ 153,285 $ 161,577
Interest on investment securities 20,862 26,306
Interest on loans held-for-sale 3,502 3,738
Interest on trading securities 8,281 9,436
Interest on other earning assets 469 446
Total interest income 186,399 201,503
Interest on deposits:    
Savings 4,397 5,619
Time deposits 4,217 5,916
Other interest-bearing deposits 1,145 1,518
Certificates of deposit $100,000 and more 1,561 2,306
Interest on trading liabilities 3,196 2,515
Interest on short-term borrowings 1,306 1,365
Interest on term borrowings 9,195 10,335
Total interest expense 25,017 29,574
Net interest income 161,382 171,929
Provision for loan losses 15,000 8,000
Net interest income after provision for loan losses 146,382 163,929
Noninterest income:    
Capital markets 79,163 106,743
Deposit transactions and cash management 27,656 28,741
Mortgage banking 9,373 23,341
Brokerage, management fees and commissions 9,348 8,496
Trust services and investment management 6,328 5,808
Insurance commissions 600 568
Equity securities gains/(losses), net 24 0
Debt securities gains/(losses), net 0 328
Gain on divestiture 0 200
All other income and commissions (Note 6) 23,935 28,216
Total noninterest income 156,427 202,441
Adjusted gross income after provision for loan losses 302,809 366,370
Noninterest expense:    
Employee compensation, incentives, and benefits (quarter ended March 31, 2013 includes $2.5 million of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income) 139,184 175,458
Occupancy 12,822 12,119
Legal and professional fees 11,171 6,067
Computer software 10,076 9,465
Contract employment and outsourcing 9,039 11,115
Operations services 8,070 9,127
Equipment rentals, depreciation, and maintenance 7,820 7,616
FDIC premium expense 6,011 6,336
Communications and courier 4,437 4,499
Foreclosed real estate 1,439 4,170
Miscellaneous loan costs 996 1,327
Amortization of intangible assets 928 973
Repurchase and foreclosure provision 0 49,256
All other expense (Note 6) 28,547 24,466
Total noninterest expense 240,540 321,994
Income/(loss)before income taxes 62,269 44,376
Provision/(benefit) for income taxes (quarter ended March 31, 2013 includes $1.0 million income tax benefit reclassified from accumulated other comprehensive income) 17,730 10,570
Income/(loss) from continuing operations 44,539 33,806
Income/(loss) from discontinued operations, net of tax 430 [1] (435) [1]
Net income/(loss) 44,969 33,371
Net income attributable to noncontrolling interest 2,813 2,844
Net income/(loss) attributable to controlling interest 42,156 30,527
Preferred stock dividends 1,188 0
Net income/(loss) available to common shareholders $ 40,968 $ 30,527
Basic earnings/(loss) per share from continuing operations (Note 8) $ 0.17 $ 0.12
Diluted earnings/(loss) per share from continuing operations (Note 8) $ 0.17 $ 0.12
Basic earnings/(loss) per share (Note 8) $ 0.17 $ 0.12
Diluted earnings/(loss) per share (Note 8) $ 0.17 $ 0.12
Weighted average common shares (Note 8) 240,870 253,527
Diluted average common shares (Note 8) 242,799 255,369
[1] 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.