Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

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)	2020		2019
Consolidated
Net interest income	$	302,802	$	294,508
Provision/(provision credit) for loan losses (a)	145,000		9,000
Noninterest income	174,756		141,045
Noninterest expense	311,319		296,090
Income/(loss) before income taxes	21,239		130,463
Provision/(benefit) for income taxes	4,767		27,058
Net income/(loss)	$	16,472	$	103,405
Average assets	$	43,551,912	$	40,883,192

(a) First quarter 2020 increase in provision expense primarily associated with a sudden, steep decline in the economic forecast attributable to the COVID-19 pandemic.

	Three Months Ended March 31
(Dollars in thousands)	2020			2019
Regional Banking
Net interest income	$	300,128		$	286,023
Provision/(provision credit) for loan losses (a)	145,435			13,442
Noninterest income	81,871			73,029
Noninterest expense	211,013			198,569
Income/(loss) before income taxes	25,551			147,041
Provision/(benefit) for income taxes	4,388			34,109
Net income/(loss)	$	21,163		$	112,932
Average assets	$	32,164,347		$	28,801,849
Fixed Income
Net interest income	$	10,914		$	7,332
Noninterest income	95,723			53,807
Noninterest expense	81,063			50,533
Income/(loss) before income taxes	25,574			10,606
Provision/(benefit) for income taxes	6,099			2,457
Net income/(loss)	$	19,475		$	8,149
Average assets	$	3,764,192		$	2,848,249
Corporate
Net interest income/(expense)	$	(13,359	)	$	(7,914	)
Noninterest income (b)	(3,718		)	13,353
Noninterest expense (b) (c)	15,449			41,779
Income/(loss) before income taxes	(32,526		)	(36,340		)
Provision/(benefit) for income taxes	(6,372		)	(11,771		)
Net income/(loss)	$	(26,154	)	$	(24,569	)
Average assets	$	6,784,190		$	8,058,041
Non-Strategic
Net interest income	$	5,119		$	9,067
Provision/(provision credit) for loan losses (a)	(435		)	(4,442		)
Noninterest income	880			856
Noninterest expense	3,794			5,209
Income/(loss) before income taxes	2,640			9,156
Provision/(benefit) for income taxes	652			2,263
Net income/(loss)	$	1,988		$	6,893
Average assets	$	839,183		$	1,175,053

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

(a) First quarter 2020 increase in provision expense primarily associated with a sudden, steep decline in the economic forecast attributable to the COVID-19 pandemic.

(b) First quarter 2020 decrease due to fluctuations in deferred compensation income driven by equity market valuations and mirrored by changes in deferred compensation expense, which is included in employee compensation expense.

(c) 2020 and 2019 include restructuring-related costs associated with efficiency initiatives; refer to Note 17 - Restructuring, Repositioning, and Efficiency for additional information. 2020 and 2019 include acquisition-related expenses; refer to Note 2 - Acquisitions and Divestitures for additional information.

The following tables reflect a disaggregation of FHN’s noninterest income by major product line and reportable segment for the three months ended March 31, 2020 and 2019:

	Three months ended March 31, 2020
(Dollars in thousands)	Regional Banking		Fixed Income		Corporate			Non-Strategic		Consolidated
Noninterest income:
Fixed income (a)	$	121	$	95,514	$	—		$	—	$	95,635
Deposit transactions and cash management	28,812		—		1,435			43		30,290
Brokerage, management fees and commissions	15,405		—		—			—		15,405
Bankcard income	7,150		—		70			33		7,253
Trust services and investment management	7,213		—		(18		)	—		7,195
BOLI (b)	—		—		4,589			—		4,589
Equity securities gains/(losses), net (b)	—		—		25			—		25
All other income and commissions (c) (d)	23,170		209		(9,819		)	804		14,364
Total noninterest income	$	81,871	$	95,723	$	(3,718	)	$	880	$	174,756

(a) Includes $9.3 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.

(d) First quarter 2020 Corporate balance includes negative deferred compensation income driven by equity market valuations.

	Three months ended March 31, 2019
(Dollars in thousands)	Regional Banking		Fixed Income		Corporate			Non- Strategic			Consolidated
Noninterest income:
Fixed income (a)	$	17	$	53,732	$	—		$	—		$	53,749
Deposit transactions and cash management	30,003		3		1,563			52			31,621
Brokerage, management fees and commissions	12,630		—		—			3			12,633
Bankcard income	7,039		—		62			(149		)	6,952
Trust services and investment management	7,056		—		(30		)	—			7,026
BOLI (b)	—		—		4,402			—			4,402
Equity securities gains/(losses), net (b)	—		—		31			—			31
All other income and commissions (c)	16,284		72		7,325			950			24,631
Total noninterest income	$	73,029	$	53,807	$	13,353		$	856		$	141,045

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

(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.