Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting, Measurement Disclosures [Abstract]

Amounts Of Consolidated Revenue, Expense, Tax And Assets

The following tables reflect financial information for each reportable business segment for the three and six months ended June 30 2021 and 2020:

	Three Months Ended June 30, 2021
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Net interest income (expense)	$	443	$	153	$	(99)	$	497
Provision for credit losses	(88)		(21)		(6)		(115)
Noninterest income	108		150		27		285
Noninterest expense	278		147		73		498
Income (loss) before income taxes	361		177		(139)		399
Income tax expense (benefit)	85		43		(40)		88
Net income (loss)	$	276	$	134	$	(99)	$	311
Average assets	$	42,199	$	20,055	$	25,305	$	87,559
	Three Months Ended June 30, 2020
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Net interest income (expense)	$	211	$	130	$	(36)	$	305
Provision for credit losses	103		18		—		121
Noninterest income	69		124		13		206
Noninterest expense	164		111		45		320
Income (loss) before income taxes	13		125		(68)		70
Income tax expense (benefit)	1		31		(19)		13
Net income (loss)	$	12	$	94	$	(49)	$	57
Average assets	$	20,965	$	18,041	$	8,928	$	47,934

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

	Six Months Ended June 30, 2021
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Net interest income (expense)	$	869	$	311	$	(176)	$	1,004
Provision for credit losses	(120)		(28)		(12)		(160)
Noninterest income	208		335		40		583
Noninterest expense (a)	551		300		191		1,042
Income (loss) before income taxes	646		374		(315)		705
Income tax expense (benefit)	151		90		(82)		159
Net income (loss)	$	495	$	284	$	(233)	$	546
Average assets	$	42,284	$	20,775	$	23,427	$	86,486
(a) Includes $33 million in asset impairments related to IBKC merger integration efforts in the Corporate segment.

	Six Months Ended June 30, 2020
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Net interest income (expense)	$	405	$	239	$	(36)	$	608
Provision for credit losses	200		72		3		275
Noninterest income	142		228		11		381
Noninterest expense	338		221		64		623
Income (loss) before income taxes	9		174		(92)		91
Income tax expense (benefit)	(2)		43		(23)		18
Net income (loss)	$	11	$	131	$	(69)	$	73
Average assets	$	20,004	$	17,466	$	8,273	$	45,743
Certain previously reported amounts have been reclassified to agree with current presentation.

The following tables reflect a disaggregation of FHN’s noninterest income by major product line and reportable segment for the three and six months ended June 30, 2021 and 2020:

	Three months ended June 30, 2021
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Noninterest income:
Fixed income (a)	$	—	$	102	$	—	$	102
Mortgage banking and title income	—		38		—		38
Deposit transactions and cash management	39		3		2		44
Brokerage, management fees and commissions	21		—		—		21
Trust services and investment management	14		—		—		14
Bankcard income	14		1		—		15
Securities gains (losses), net (b)	—		—		11		11
Other income (c)	20		6		14		40
Total noninterest income	$	108	$	150	$	27	$	285

(a)Includes $14 million of underwriting, portfolio advisory, and other noninterest income in scope of 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 noninterest income.

(c)Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commissions in scope of ASC 606.

	Three months ended June 30, 2020
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Noninterest income:
Fixed income (a)	$	—	$	112	$	—	$	112
Mortgage banking and title income	—		4		—		4
Deposit transactions and cash management	27		3		1		31
Brokerage, management fees and commissions	14		—		—		14
Trust services and investment management	8		—		—		8
Bankcard income	7		—		—		7
Securities gains (losses), net (b)	—		—		(1)		(1)
Other income (c)	13		5		13		31
Total noninterest income	$	69	$	124	$	13	$	206

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

(a)Includes $9 million of underwriting, portfolio advisory, and other noninterest income in scope of 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 noninterest income.

(c)Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commissions in scope of ASC 606.

	Six Months Ended June 30, 2021
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Fixed income (a)	$	1	$	227	$	—	$	228
Mortgage banking and title income	—		90		1		91
Deposit transactions and cash management	77		6		3		86
Brokerage, management fees and commissions	41		—		—		41
Trust services and investment management	26		—		—		26
Bankcard income	24		1		—		25
Securities gains (losses), net (b)	—		—		11		11
Other income (c)	39		11		25		75
Total noninterest income	$	208	$	335	$	40	$	583

(a)Includes $24 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 noninterest income.

(c)Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commissions in scope of ASC 606.

	Six Months Ended June 30, 2020
(Dollars in millions)	Regional Banking		Specialty Banking		Corporate		Consolidated
Fixed income (a)	$	—	$	208	$	—	$	208
Mortgage banking and title income	—		6		1		7
Deposit transactions and cash management	52		6		3		61
Brokerage, management fees and commissions	29		—		—		29
Trust services and investment management	15		—		—		15
Bankcard income	13		1		—		14
Securities gains (losses), net (b)	—		—		(1)		(1)
Other income (c)	33		7		8		48
Total noninterest income	$	142	$	228	$	11	$	381

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

(a)Includes $18 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 noninterest income.

(c)Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commissions in scope of ASC 606.