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Business Segment Information
 9 Months Ended
Sep. 30, 2014
Business Segment Information [Abstract]  
Business Segment Information

Note 13 – Business Segment Information

FHN has four business segments: regional banking, capital markets, corporate, and non-strategic. The regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers largely in Tennessee and other selected markets. Regional banking provides investments, financial planning, trust services and asset management, credit card, and cash management. Additionally, the regional banking segment includes correspondent banking which provides credit, depository, and other banking related services to other financial institutions nationally. The capital markets segment consists of fixed income sales, trading, and strategies for institutional clients in the U.S. and abroad, as well as loan sales, portfolio advisory, and derivative sales. The corporate segment consists of unallocated corporate expenses, expense on subordinated debt issuances, bank-owned life insurance, unallocated interest income associated with excess equity, net impact of raising incremental capital, revenue and expense associated with deferred compensation plans, funds management, tax credit investment activities, acquisition-related costs, and various charges related to restructuring, repositioning, and efficiency initiatives. The non-strategic segment consists of the wind-down national consumer lending activities, legacy mortgage banking elements including servicing fees (in periods subsequent to first quarter 2014 these amounts are significantly lower), and the associated ancillary revenues and expenses related to these businesses. Non-strategic also includes the wind-down trust preferred loan portfolio and exited businesses along with the associated restructuring, repositioning, and efficiency charges.

Periodically, FHN adapts its segments to reflect managerial or strategic changes. FHN may also modify its methodology of allocating expenses and equity among segments which could change historical segment results. Total revenue, expense, and asset levels reflect those which are specifically identifiable or which are allocated based on an internal allocation method. Because the allocations are based on internally developed assignments and allocations, they are to an extent subjective. Generally, all assignments and allocations have been consistently applied for all periods presented. The following table reflects the amounts of consolidated revenue, expense, tax, and assets for each segment for the three and nine months ended September 30:

Three Months EndedNine Months Ended
September 30September 30
(Dollars in thousands) 2014201320142013
Consolidated
Net interest income$ 159,541 $ 158,838 $ 468,668 $ 480,239
Provision for loan losses 6,000 10,000 21,000 40,000
Noninterest income 157,815 150,475 430,446 449,534
Noninterest expense 246,186 433,556 631,732 901,504
Income/(loss) before income taxes 65,170 (134,243) 246,382 (11,731)
Provision/(benefit) for income taxes 15,421 (31,094) 66,223 1,644
Income/(loss) from continuing operations 49,749 (103,149) 180,159 (13,375)
Income/(loss) from discontinued operations, net of tax - 123 - 554
Net income/(loss)$ 49,749 $ (103,026)$ 180,159 $ (12,821)
Average assets$ 23,804,957 $ 24,181,633 $ 23,790,586 $ 24,599,839
Certain previously reported amounts have been reclassified to agree with current presentation.

Three Months EndedNine Months Ended
September 30September 30
(Dollars in thousands) 2014201320142013
Regional Banking
Net interest income$ 153,855 $ 149,541 $ 444,519 $ 444,881
Provision/(provision credit) for loan losses 2,204 5,159 23,619 15,875
Noninterest income 64,159 63,883 190,377 184,912
Noninterest expense 136,253 131,961 402,867 392,622
Income/(loss) before income taxes 79,557 76,304 208,410 221,296
Provision/(benefit) for income taxes 28,422 27,554 74,145 79,921
Net income/(loss)$ 51,135 $ 48,750 $ 134,265 $ 141,375
Average assets$ 13,577,560 $ 12,923,245 $ 13,086,901 $ 12,940,127

Capital Markets
Net interest income$ 2,952 $ 3,811 $ 9,020 $ 11,876
Noninterest income 49,895 64,115 154,217 208,926
Noninterest expense 47,910 57,930 100,615 179,285
Income/(loss) before income taxes 4,937 9,996 62,622 41,517
Provision/(benefit) for income taxes 1,697 3,765 23,688 15,638
Net income/(loss)$ 3,240 $ 6,231 $ 38,934 $ 25,879
Average assets$ 2,002,913 $ 2,104,991 $ 2,038,136 $ 2,322,060

Corporate
Net interest income/(expense)$ (12,523)$ (11,654)$ (32,158)$ (32,895)
Noninterest income 4,139 6,558 22,568 18,224
Noninterest expense 18,783 21,739 54,159 56,493
Income/(loss) before income taxes (27,167) (26,835) (63,749) (71,164)
Provision/(benefit) for income taxes (17,723) (16,593) (46,759) (44,374)
Net income/(loss)$ (9,444)$ (10,242)$ (16,990)$ (26,790)
Average assets$ 5,229,804 $ 5,166,494 $ 5,474,810 $ 5,162,989

Non-Strategic
Net interest income$ 15,257 $ 17,140 $ 47,287 $ 56,377
Provision/(provision credit) for loan losses 3,796 4,841 (2,619) 24,125
Noninterest income 39,622 15,919 63,284 37,472
Noninterest expense 43,240 221,926 74,091 273,104
Income/(loss) before income taxes 7,843 (193,708) 39,099 (203,380)
Provision/(benefit) for income taxes 3,025 (45,820) 15,149 (49,541)
Income/(loss) from continuing operations 4,818 (147,888) 23,950 (153,839)
Income/(loss) from discontinued operations, net of tax - 123 - 554
Net income/(loss)$ 4,818 $ (147,765)$ 23,950 $ (153,285)
Average assets$ 2,994,680 $ 3,986,903 $ 3,190,739 $ 4,174,663

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