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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 1,022 $ 1,061
Interest-bearing deposits with banks 1,917 1,384
Federal funds sold and securities purchased under agreements to resell 416 482
Trading securities 1,231 1,375
Securities available for sale at fair value 8,100 8,836
Securities held to maturity (fair value of $1,104 and $1,209, respectively) 1,335 1,371
Loans held for sale (including $88 and $51 at fair value, respectively) 613 590
Loans and leases 61,778 58,102
Allowance for loan and lease losses (760) (685)
Net loans and leases 61,018 57,417
Premises and equipment 590 612
Goodwill 1,511 1,511
Other intangible assets 198 234
Other assets 4,582 4,080
Total assets 82,533 78,953
Liabilities    
Noninterest-bearing deposits 17,825 23,466
Interest-bearing deposits 49,190 40,023
Total deposits 67,015 63,489
Trading liabilities 366 335
Short-term borrowings 2,507 2,506
Term borrowings 1,157 1,597
Other liabilities 2,695 2,479
Total liabilities 73,740 70,406
Equity    
Preferred stock, Non-cumulative perpetual, no par value; authorized 5,000,000 shares; issued 26,750 and 31,686 shares, respectively 520 1,014
Common stock, $0.625 par value; authorized 700,000,000 shares; issued 558,708,832 and 537,100,615 shares, respectively 349 336
Capital surplus 5,337 4,840
Retained earnings 3,874 3,430
Accumulated other comprehensive loss, net (1,582) (1,368)
FHN shareholders' equity 8,498 8,252
Noncontrolling interest 295 295
Total equity 8,793 8,547
Total liabilities and equity $ 82,533 $ 78,953