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Consolidated Condensed Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income:        
Interest and fees on loans $ 151,314 $ 161,117 $ 304,599 $ 322,694
Interest on investment securities 20,664 25,971 41,526 52,277
Interest on loans held-for-sale 3,169 3,628 6,671 7,366
Interest on trading securities 8,770 9,622 17,051 19,058
Interest on other earning assets 74 397 543 843
Total interest income 183,991 200,735 370,390 402,238
Interest on deposits:        
Savings 3,689 4,744 8,086 10,363
Time deposits 4,064 5,541 8,281 11,457
Other interest-bearing deposits 1,013 1,655 2,158 3,173
Certificates of deposit $100,000 and more 1,550 2,305 3,111 4,611
Interest on trading liabilities 3,354 2,843 6,550 5,358
Interest on short-term borrowings 1,156 1,150 2,462 2,515
Interest on term borrowings 9,146 9,822 18,341 20,157
Total interest expense 23,972 28,060 48,989 57,634
Net interest income 160,019 172,675 321,401 344,604
Provision for loan losses 15,000 15,000 30,000 23,000
Net interest income after provision for loan losses 145,019 157,675 291,401 321,604
Noninterest income:        
Capital markets 69,265 74,913 148,428 181,656
Deposit transactions and cash management 28,254 30,123 55,910 58,864
Brokerage, management fees and commissions 10,540 8,759 19,888 17,255
Trust services and investment management 6,950 6,477 13,278 12,285
Mortgage banking 5,589 9,889 14,962 33,230
Insurance commissions 730 830 1,330 1,398
Equity securities gains/(losses), net 4 5,065 28 5,065
Debt securities gains/(losses), net (355) 0 (355) 328
Gain on divestiture 0 0 0 200
All other income and commissions (Note 7) 21,655 22,851 45,590 51,067
Total noninterest income 142,632 158,907 299,059 361,348
Adjusted gross income after provision for loan losses 287,651 316,582 590,460 682,952
Noninterest expense:        
Employee compensation, incentives, and benefits (three and six months ended June 30, 2013, include $2.9 million and $5.4 million, respectively, of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income) 130,500 149,616 269,684 325,074
Legal and professional fees 14,065 8,417 25,236 14,484
Occupancy 11,785 11,486 24,607 23,605
Computer software 9,608 9,960 19,684 19,425
Operations services 8,842 9,477 16,912 18,604
Contract employment and outsourcing 8,581 10,844 17,620 21,959
Equipment rentals, depreciation, and maintenance 7,597 7,789 15,417 15,405
FDIC premium expense 5,037 6,801 11,048 13,137
Communications and courier 4,531 4,484 8,968 8,983
Foreclosed real estate 1,287 1,908 2,726 6,078
Miscellaneous loan costs 1,163 1,298 2,159 2,625
Amortization of intangible assets 928 979 1,856 1,952
Repurchase and foreclosure provision 0 250,000 0 299,256
All other expense (Note 7) 23,484 54,118 52,031 78,584
Total noninterest expense 227,408 527,177 467,948 849,171
Income/(loss) before income taxes 60,243 (210,595) 122,512 (166,219)
Provision/(benefit) for income taxes (three and six months ended June 30, 2013, include $1.1 million and $2.1 million, respectively, of income tax benefit reclassified from accumulated other comprehensive income) 15,008 (88,178) 32,738 (77,608)
Income/(loss) from continuing operations 45,235 (122,417) 89,774 (88,611)
Income/(loss) from discontinued operations, net of tax 1 [1] 487 [1] 431 [1] 52 [1]
Net income/(loss) 45,236 (121,930) 90,205 (88,559)
Net income attributable to noncontrolling interest 2,843 2,844 5,656 5,688
Net income/(loss) attributable to controlling interest 42,393 (124,774) 84,549 (94,247)
Preferred stock dividends 1,550 0 2,738 0
Net income/(loss) available to common shareholders $ 40,843 $ (124,774) $ 81,811 $ (94,247)
Basic earnings/(loss) per share from continuing operations (Note 9) $ 0.17 $ (0.50) $ 0.34 $ (0.38)
Diluted earnings/(loss) per share from continuing operations (Note 9) $ 0.17 $ (0.50) $ 0.34 $ (0.38)
Basic earnings/(loss) per share (Note 9) $ 0.17 $ (0.50) $ 0.34 $ (0.38)
Diluted earnings/(loss) per share (Note 9) $ 0.17 $ (0.50) $ 0.34 $ (0.38)
Weighted average common shares (Note 9) 239,248 249,104 240,055 251,317
Diluted average common shares (Note 9) 240,891 249,104 241,859 251,317
[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.