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Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [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 and six months ended June 30:
 
 
Three Months Ended
June 30
 
Six Months Ended
June 30
(Dollars in thousands)
2018
 
2017
 
2018
 
2017
Consolidated
 
 
 
 
 
 
 
Net interest income
$
310,932

 
$
200,701

 
$
612,105

 
$
390,409

Provision/(provision credit) for loan losses

 
(2,000
)
 
(1,000
)
 
(3,000
)
Noninterest income
127,525

 
127,673

 
263,542

 
244,612

Noninterest expense
332,768

 
217,917

 
646,033

 
440,122

Income/(loss) before income taxes
105,689

 
112,457

 
230,614

 
197,899

Provision/(benefit) for income taxes
19,697

 
17,253

 
49,628

 
44,307

Net income/(loss)
$
85,992

 
$
95,204

 
$
180,986

 
$
153,592

Average assets
$
40,173,712

 
$
28,876,350

 
$
40,261,729

 
$
28,841,422


 
Three Months Ended
June 30
 
Six Months Ended
June 30
(Dollars in thousands)
2018
 
2017
 
2018
 
2017
Regional Banking
 
 
 
 
 
 
 
Net interest income
$
308,870

 
$
201,658

 
$
607,569

 
$
394,740

Provision/(provision credit) for loan losses
6,139

 
260

 
11,451

 
3,358

Noninterest income
78,568

 
64,740

 
157,421

 
123,718

Noninterest expense
212,445

 
152,637

 
417,646

 
300,687

Income/(loss) before income taxes
168,854

 
113,501

 
335,893

 
214,413

Provision/(benefit) for income taxes
39,634

 
41,015

 
78,996

 
77,491

Net income/(loss)
$
129,220

 
$
72,486

 
$
256,897

 
$
136,922

Average assets
$
28,746,968

 
$
18,432,141

 
$
28,611,686

 
$
18,195,201

Fixed Income
 
 
 
 
 
 
 
Net interest income
$
9,174

 
$
4,985

 
$
17,637

 
$
6,141

Noninterest income
38,363

 
55,207

 
83,968

 
106,030

Noninterest expense
48,300

 
54,022

 
98,844

 
102,729

Income/(loss) before income taxes
(763
)
 
6,170

 
2,761

 
9,442

Provision/(benefit) for income taxes
(414
)
 
1,941

 
328

 
2,959

Net income/(loss)
$
(349
)
 
$
4,229

 
$
2,433

 
$
6,483

Average assets
$
3,251,876

 
$
2,696,144

 
$
3,365,912

 
$
2,288,083

Corporate
 
 
 
 
 
 
 
Net interest income/(expense)
$
(14,002
)
 
$
(14,637
)
 
$
(27,192
)
 
$
(28,408
)
Noninterest income
8,848

 
6,219

 
18,327

 
11,695

Noninterest expense
66,020

 
24,566

 
117,136

 
41,440

Income/(loss) before income taxes
(71,174
)
 
(32,984
)
 
(126,001
)
 
(58,153
)
Provision/(benefit) for income taxes
(21,691
)
 
(35,574
)
 
(34,135
)
 
(48,503
)
Net income/(loss)
$
(49,483
)
 
$
2,590

 
$
(91,866
)
 
$
(9,650
)
Average assets
$
6,956,898

 
$
6,226,499

 
$
7,033,090

 
$
6,789,515

Non-Strategic
 
 
 
 
 
 
 
Net interest income
$
6,890

 
$
8,695

 
$
14,091

 
$
17,936

Provision/(provision credit) for loan losses
(6,139
)
 
(2,260
)
 
(12,451
)
 
(6,358
)
Noninterest income
1,746

 
1,507

 
3,826

 
3,169

Noninterest expense
6,003

 
(13,308
)
 
12,407

 
(4,734
)
Income/(loss) before income taxes
8,772

 
25,770

 
17,961

 
32,197

Provision/(benefit) for income taxes
2,168

 
9,871

 
4,439

 
12,360

Net income/(loss)
$
6,604

 
$
15,899

 
$
13,522

 
$
19,837

Average assets
$
1,217,970

 
$
1,521,566

 
$
1,251,041

 
$
1,568,623

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 and six months ended June 30, 2018 and 2017:
 
Three Months Ended June 30, 2018
(Dollars in thousands)
Regional Banking
 
Fixed Income
 
Corporate
 
Non-Strategic
 
Consolidated
Noninterest income:
 
 
 
 
 
 
 
 
 
Fixed income (a)
$
130

 
$
37,567

 
$

 
$

 
$
37,697

Deposit transactions and cash management
34,522

 
3

 
1,497

 
61

 
36,083

Brokerage, management fees and commissions
13,740

 

 

 

 
13,740

Trust services and investment management
8,146

 

 
(14
)
 

 
8,132

Bankcard income
6,658

 

 
55

 
(78
)
 
6,635

Bank-owned life insurance (b)

 

 
5,773

 

 
5,773

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

 

 

 

 

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

 

 
31

 

 
31

All other income and commissions (c)
15,372

 
793

 
1,506

 
1,763

 
19,434

     Total noninterest income
$
78,568

 
$
38,363

 
$
8,848

 
$
1,746

 
$
127,525

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2017

Regional Banking
 
Fixed Income
 
Corporate
 
Non-Strategic
 
Consolidated
Noninterest income:
 
 
 
 
 
 
 
 
 
Fixed income
$
139

 
$
54,971

 
$

 
$

 
$
55,110

Deposit transactions and cash management
26,433

 

 
1,376

 
49

 
27,858

Brokerage, management fees and commissions
12,029

 

 

 

 
12,029

Trust services and investment management
7,712

 

 
(14
)
 

 
7,698

Bankcard income
5,495

 

 
57

 
53

 
5,605

Bank-owned life insurance

 

 
4,351

 

 
4,351

Debt securities gains/(losses), net
386

 

 
19

 

 
405

Equity securities gains/(losses), net

 

 

 

 

All other income and commissions
12,546

 
236

 
430

 
1,405

 
14,617

     Total noninterest income
$
64,740

 
$
55,207

 
$
6,219

 
$
1,507

 
$
127,673

(a)
Includes $7.3 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.

 
Six Months Ended June 30, 2018
(Dollars in thousands)
Regional Banking
 
Fixed Income
 
Corporate
 
Non-Strategic
 
Consolidated
Noninterest income:
 
 
 
 
 
 
 
 
 
Fixed income (a)
$
211

 
$
82,992

 
$

 
$

 
$
83,203

Deposit transactions and cash management
69,262

 
6

 
2,691

 
108

 
72,067

Brokerage, management fees and commissions
27,223

 

 

 

 
27,223

Trust services and investment management
15,438

 

 
(29
)
 

 
15,409

Bankcard income
12,951

 

 
112

 
17

 
13,080

Bank-owned life insurance (b)

 

 
9,766

 

 
9,766

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

 

 
52

 

 
52

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

 

 
65

 

 
65

All other income and commissions (c) (d)
32,336

 
970

 
5,670

 
3,701

 
42,677

     Total noninterest income
$
157,421

 
$
83,968

 
$
18,327

 
$
3,826

 
$
263,542

 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2017
 
Regional Banking
 
Fixed Income
 
Corporate
 
Non-Strategic
 
Consolidated
Noninterest income:
 
 
 
 
 
 
 
 
 
Fixed income
$
213

 
$
105,575

 
$

 
$

 
$
105,788

Deposit transactions and cash management
49,667

 

 
2,665

 
91

 
52,423

Brokerage, management fees and commissions
23,935

 

 

 

 
23,935

Trust services and investment management
14,392

 

 
(41
)
 

 
14,351

Bankcard income
10,837

 

 
113

 
110

 
11,060

Bank-owned life insurance

 

 
7,598

 

 
7,598

Debt securities gains/(losses), net
386

 

 
63

 

 
449

Equity securities gains/(losses), net

 

 

 

 

All other income and commissions
24,288

 
455

 
1,297

 
2,968

 
29,008

     Total noninterest income
$
123,718

 
$
106,030

 
$
11,695

 
$
3,169

 
$
244,612

(a)
Includes $15.6 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.