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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2018
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 for each segment for the three months ended March 31:
 
 
 
Three Months Ended
March 31
 
(Dollars in thousands)
 
2018
 
2017
 
Consolidated
 
 
 
 
 
Net interest income
 
$
301,173

 
$
189,708

 
Provision/(provision credit) for loan losses
 
(1,000
)
 
(1,000
)
 
Noninterest income
 
136,017

 
116,939

 
Noninterest expense
 
313,265

 
222,205

 
Income/(loss) before income taxes
 
124,925

 
85,442

 
Provision/(benefit) for income taxes
 
29,931

 
27,054

 
Net income/(loss)
 
$
94,994

 
$
58,388

 
Average assets
 
$
40,350,514

 
$
28,806,106

 

 
 
Three Months Ended
March 31
 
(Dollars in thousands)
 
2018
 
2017
 
Regional Banking
 
 
 
 
 
Net interest income
 
$
298,699

 
$
193,082

 
Provision/(provision credit) for loan losses
 
5,312

 
3,098

 
Noninterest income
 
78,853

 
58,978

 
Noninterest expense
 
205,201

 
148,050

 
Income/(loss) before income taxes
 
167,039

 
100,912

 
Provision/(benefit) for income taxes
 
39,362

 
36,476

 
Net income/(loss)
 
$
127,677

 
$
64,436

 
Average assets
 
$
28,474,692

 
$
17,955,627

 
Fixed Income
 
 
 
 
 
Net interest income
 
$
8,463

 
$
1,156

 
Noninterest income
 
45,605

 
50,823

 
Noninterest expense
 
50,544

 
48,707

 
Income/(loss) before income taxes
 
3,524

 
3,272

 
Provision/(benefit) for income taxes
 
742

 
1,018

 
Net income/(loss)
 
$
2,782

 
$
2,254

 
Average assets
 
$
3,481,214

 
$
1,875,488

 
Corporate
 
 
 
 
 
Net interest income/(expense)
 
$
(13,190
)
 
$
(13,771
)
 
Noninterest income
 
9,479

 
5,476

 
Noninterest expense
 
51,116

 
16,874

 
Income/(loss) before income taxes
 
(54,827
)
 
(25,169
)
 
Provision/(benefit) for income taxes
 
(12,444
)
 
(12,929
)
 
Net income/(loss)
 
$
(42,383
)
 
$
(12,240
)
 
Average assets
 
$
7,110,129

 
$
7,358,788

 
Non-Strategic
 
 
 
 
 
Net interest income
 
$
7,201

 
$
9,241

 
Provision/(provision credit) for loan losses
 
(6,312
)
 
(4,098
)
 
Noninterest income
 
2,080

 
1,662

 
Noninterest expense
 
6,404

 
8,574

 
Income/(loss) before income taxes
 
9,189

 
6,427

 
Provision/(benefit) for income taxes
 
2,271

 
2,489

 
Net income/(loss)
 
$
6,918

 
$
3,938

 
Average assets
 
$
1,284,479

 
$
1,616,203

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













The following table reflects a disaggregation of FHN’s noninterest income by major product line and reportable segment for the three months ended March 31, 2018 and 2017:
(Dollars in thousands)
Regional Banking
 
Fixed Income
 
Corporate
 
Non-Strategic
 
Consolidated
Three months ended March 31, 2018
 
 
 
 
 
 
 
 
 
Noninterest income:
 
 
 
 
 
 
 
 
 
Fixed income (a)
$
81

 
$
45,425

 
$

 
$

 
$
45,506

Deposit transactions and cash management
29,918

 
3

 
1,194

 
47

 
31,162

Brokerage, management fees and commissions
13,483

 

 

 

 
13,483

Bankcard income
11,115

 

 
57

 
95

 
11,267

Trust services and investment management
7,292

 

 
(15
)
 

 
7,277

Bank-owned life insurance (b)

 

 
3,993

 

 
3,993

Debt securities gains/(losses), net (b)

 

 
52

 

 
52

Equity securities gains/(losses), net (b)

 

 
34

 

 
34

All other income and commissions (c) (d)
16,964

 
177

 
4,164

 
1,938

 
23,243

     Total noninterest income
$
78,853

 
$
45,605

 
$
9,479

 
$
2,080

 
$
136,017

 
 
 
 
 
 
 
 
 
 
Three months ended March 31, 2017
 
 
 
 
 
 
 
 
 
Noninterest income:
 
 
 
 
 
 
 
 
 
Fixed income
$
74

 
$
50,604

 
$

 
$

 
$
50,678

Deposit transactions and cash management
23,234

 

 
1,289

 
42

 
24,565

Brokerage, management fees and commissions
11,906

 

 

 

 
11,906

Bankcard income
5,342

 

 
56

 
57

 
5,455

Trust services and investment management
6,680

 

 
(27
)
 

 
6,653

Bank-owned life insurance

 

 
3,247

 

 
3,247

Debt securities gains/(losses), net

 

 
44

 

 
44

Equity securities gains/(losses), net

 

 

 

 

All other income and commissions
11,742

 
219

 
867

 
1,563

 
14,391

     Total noninterest income
$
58,978

 
$
50,823

 
$
5,476

 
$
1,662

 
$
116,939



(a)
Includes $8.2 million of underwriting, portfolio advisory, and other noninterest income in scope of Accounting Standards Codification ("ASC") 606, "Revenue From Contracts With Customers."
(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 other service charges, ATM and interchange fees, electronic banking fees, and insurance commission in scope of ASC 606.
(d)
Corporate includes a $3.3 million gain on the sale of a building.