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Loans and Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Schedule of Loans and Leases by Portfolio Segment
The following table provides the amortized cost basis of loans and leases by portfolio segment and class as of December 31, 2023 and 2022, excluding accrued interest of $287 million and $226 million, respectively, which is included in other assets in the Consolidated Balance Sheets.
Table 8.3.1
LOANS AND LEASES BY PORTFOLIO SEGMENT
December 31,
(Dollars in millions)20232022
Commercial:
Commercial and industrial (a) (b)$30,614 $29,523 
Loans to mortgage companies2,019 2,258 
   Total commercial, financial, and industrial32,633 31,781 
Commercial real estate14,216 13,228 
Consumer:
HELOC2,219 2,028 
Real estate installment loans11,431 10,225 
   Total consumer real estate13,650 12,253 
Credit card and other (c)793 840 
Loans and leases$61,292 $58,102 
Allowance for loan and lease losses(773)(685)
Net loans and leases$60,519 $57,417 
(a)Includes equipment financing leases of $1.2 billion and $1.1 billion as of December 31, 2023 and 2022, respectively.
(b)Includes PPP loans fully guaranteed by the SBA of $29 million and $76 million as of December 31, 2023 and 2022, respectively.
(c)Includes $180 million and $193 million of commercial credit card balances as of December 31, 2023 and 2022, respectively.
Schedule of Financing Receivable Credit Quality Indicators
The following table provides the amortized cost basis of the commercial loan portfolio by year of origination and credit quality indicator as of December 31, 2023 and 2022:
Table 8.3.2
C&I PORTFOLIO
December 31, 2023
(Dollars in millions)20232022202120202019Prior to 2019LMC (a)Revolving
 Loans		Revolving
Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12) (b)$4,009 $5,638 $3,507 $1,636 $1,666 $3,449 $2,014 $9,087 $327 $31,333 
Special Mention (PD grade 13)75 60 64 56 101 57 — 186 — 599 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)41 135 94 51 39 100 5 187 49 701 
Total C&I loans$4,125 $5,833 $3,665 $1,743 $1,806 $3,606 $2,019 $9,460 $376 $32,633 

December 31, 2022
(Dollars in millions)20222021202020192018Prior to 2018LMC (a)Revolving
 Loans		Revolving
Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12) (b)$7,456 $3,634 $1,803 $1,912 $1,112 $3,170 $2,258 $9,166 $371 $30,882 
Special Mention (PD grade 13)17 56 17 125 8 80 — 126 — 429 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)36 48 41 34 25 55 — 134 97 470 
Total C&I loans$7,509 $3,738 $1,861 $2,071 $1,145 $3,305 $2,258 $9,426 $468 $31,781 
(a)LMC includes non-revolving commercial lines of credit to qualified mortgage companies primarily for the temporary warehousing of eligible mortgage loans prior to the borrower's sale of those mortgage loans to third party investors. The loans are of short duration with maturities less than one year.
(b)    Includes PPP loans.
Table 8.3.3
CRE PORTFOLIO
December 31, 2023
(Dollars in millions)20232022202120202019Prior to 2019Revolving
 Loans		Revolving
Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12)$853 $3,473 $3,518 $1,162 $1,216 $2,853 $393 $18 $13,486 
Special Mention (PD grade 13)5 1 129 86 175 82 — — 478 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)— 2 5 11 175 59 — — 252 
Total CRE loans$858 $3,476 $3,652 $1,259 $1,566 $2,994 $393 $18 $14,216 
December 31, 2022
(Dollars in millions)20222021202020192018Prior to 2018Revolving
 Loans		Revolving
Loans Converted
to Term Loans		Total
Credit Quality Indicator:
Pass (PD grades 1 through 12)$2,637 $3,324 $1,488 $1,855 $808 $2,565 $274 $20 $12,971 
Special Mention (PD grade 13)— 3 3 37 68 5 1 — 117 
Substandard, Doubtful, or Loss (PD grades 14,15, and 16)1 4 12 50 31 31 11 — 140 
Total CRE loans$2,638 $3,331 $1,503 $1,942 $907 $2,601 $286 $20 $13,228 
The following table reflects the amortized cost basis by year of origination and refreshed FICO scores for
consumer real estate loans as of December 31, 2023 and 2022. Within consumer real estate, classes include HELOC and real estate installment loans. HELOCs are loans which during their draw period are classified as revolving loans. Once the draw period ends and the loan enters its repayment period, the loan converts to a term loan and is classified as a revolving loan converted to a term loan. All loans classified in the following table as revolving loans or revolving loans converted to term loans are HELOCs. Real estate installment loans are originated as fixed term loans and are classified below in their vintage year. All loans in the following tables classified in a vintage year are real estate installment loans.
Table 8.3.4
CONSUMER REAL ESTATE PORTFOLIO
December 31, 2023
(Dollars in millions)20232022202120202019Prior to 2019Revolving LoansRevolving Loans Converted to Term Loans Total
FICO score 740 or greater$1,572 $2,099 $1,720 $730 $465 $1,332 $1,522 $50 $9,490 
FICO score 720-739205 286 227 107 88 230 192 15 1,350 
FICO score 700-719154 232 193 81 52 224 159 17 1,112 
FICO score 660-699170 198 113 83 53 290 168 18 1,093 
FICO score 620-65911 20 23 22 36 106 36 7 261 
FICO score less than 62018 19 15 20 12 225 24 11 344 
Total$2,130 $2,854 $2,291 $1,043 $706 $2,407 $2,101 $118 $13,650 
December 31, 2022
(Dollars in millions)20222021202020192018Prior to 2018Revolving LoansRevolving Loans Converted to Term LoansTotal
FICO score 740 or greater$2,154 $1,847 $819 $523 $278 $1,294 $1,297 $63 $8,275 
FICO score 720-739292 246 116 98 34 238 183 18 1,225 
FICO score 700-719242 206 93 55 35 226 142 22 1,021 
FICO score 660-699214 137 90 55 62 278 192 23 1,051 
FICO score 620-65921 24 25 41 20 105 47 9 292 
FICO score less than 62015 19 32 12 23 256 16 16 389 
Total$2,938 $2,479 $1,175 $784 $452 $2,397 $1,877 $151 $12,253 
The following table reflects the amortized cost basis by year of origination and refreshed FICO scores for credit card and other loans as of December 31, 2023 and 2022.
Table 8.3.5
CREDIT CARD & OTHER PORTFOLIO
December 31, 2023
(Dollars in millions)20232022202120202019Prior to 2019Revolving LoansRevolving Loans Converted to Term LoansTotal
FICO score 740 or greater$52 $26 $10 $5 $3 $27 $207 $5 $335 
FICO score 720-7395 3 1 1 1 5 24 1 41 
FICO score 700-7195 4 1 1 1 4 25 1 42 
FICO score 660-6994 3 1 1 1 8 23 — 41 
FICO score 620-6592 1 1 — — 3 7 — 14 
FICO score less than 62012 9 6 8 13 103 168 1 320 
Total$80 $46 $20 $16 $19 $150 $454 $8 $793 
December 31, 2022
(Dollars in millions)20222021202020192018Prior to 2018Revolving LoansRevolving Loans Converted to Term LoansTotal
FICO score 740 or greater$36 $14 $10 $10 $4 $25 $291 $6 $396 
FICO score 720-7393 2 2 1 — 4 30 1 43 
FICO score 700-7193 3 1 1 — 4 33 1 46 
FICO score 660-6993 2 1 1 2 7 30 1 47 
FICO score 620-6591 3 1 — — 3 18 — 26 
FICO score less than 6207 6 6 10 7 71 174 1 282 
Total$53 $30 $21 $23 $13 $114 $576 $10 $840 
Schedule of Accruing and Non-Accruing Loans by Class
The following table reflects accruing and non-accruing loans and leases by class on December 31, 2023 and 2022:
Table 8.3.6
ACCRUING & NON-ACCRUING LOANS & LEASES
December 31, 2023
 AccruingNon-Accruing 
(Dollars in millions)Current30-89
Days
Past Due		90+
Days
Past Due		Total
Accruing		Current30-89
Days
Past Due		90+
Days
Past Due		Total
Non-
Accruing		Total
Loans and Leases
Commercial, financial, and industrial:
C&I (a) $30,403 $31 $1 $30,435 $108 $18 $53 $179 $30,614 
Loans to mortgage companies2,013 1 — 2,014 5 — — 5 2,019 
Total commercial, financial, and industrial32,416 32 1 32,449 113 18 53 184 32,633 
Commercial real estate:
CRE (b)14,072 8 — 14,080 41 — 95 136 14,216 
Consumer real estate:
HELOC (c)2,158 11 4 2,173 30 6 10 46 2,219 
Real estate installment loans (d)11,295 29 13 11,337 43 6 45 94 11,431 
Total consumer real estate13,453 40 17 13,510 73 12 55 140 13,650 
Credit card and other:
Credit card271 3 3 277 — — — — 277 
Other512 2 — 514 1 — 1 2 516 
Total credit card and other783 5 3 791 1 — 1 2 793 
Total loans and leases$60,724 $85 $21 $60,830 $228 $30 $204 $462 $61,292 
December 31, 2022
 AccruingNon-Accruing 
(Dollars in millions)Current30-89
Days
Past Due		90+
Days
Past Due		Total
Accruing		Current30-89
Days
Past Due		90+
Days
Past Due		Total
Non-
Accruing		Total
Loans and Leases
Commercial, financial, and industrial:
C&I (a)$29,309 $50 $11 $29,370 $64 $10 $79 $153 $29,523 
Loans to mortgage companies2,258 — — 2,258 — — — — 2,258 
Total commercial, financial, and industrial31,567 50 11 31,628 64 10 79 153 31,781 
Commercial real estate:
CRE (b)13,208 11 — 13,219 7 — 2 9 13,228 
Consumer real estate:
HELOC (c)1,967 12 5 1,984 32 4 8 44 2,028 
Real estate installment loans (d)10,079 25 13 10,117 56 5 47 108 10,225 
Total consumer real estate12,046 37 18 12,101 88 9 55 152 12,253 
Credit card and other:
Credit card287 5 4 296 — — — — 296 
Other540 2 — 542 1 — 1 2 544 
Total credit card and other827 7 4 838 1 — 1 2 840 
Total loans and leases$57,648 $105 $33 $57,786 $160 $19 $137 $316 $58,102 
(a)    $178 million and $147 million of C&I loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance in 2023 and 2022, respectively.
(b)    $129 million and $5 million of CRE loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance for 2023 and 2022, respectively.
(c)    $4 million and $5 million of HELOC loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance for 2023 and 2022, respectively.
(d)    $10 million and $7 million of real estate installment loans are nonaccrual loans that have been specifically reviewed for impairment with no related allowance for 2023 and 2022, respectively.
Schedule of Financing Receivable, Modified
The following tables present the amortized cost basis at the end of the reporting period of loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of modification made, as well as the financial effect of the modifications made as of December 31, 2023:
Table 8.3.7
LOAN MODIFICATIONS TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY
December 31, 2023
Interest Rate Reduction
(Dollars in millions)Balance% of Total ClassFinancial Effect
Consumer real estate$2 — %
Reduced weighted-average contractual interest rate from 8.60% to 5.00%
Credit card and other (a)— — 
Reduced weighted-average contractual interest rate from 11.20% to 0.00%
Total$2 — %
December 31, 2023
Term Extension
(Dollars in millions)Balance% of Total ClassFinancial Effect
C&I$90 0.3 %
Added a weighted-average 1 year to the life of loans, which reduced monthly payment amounts for the borrowers
CRE40 0.3 
Added a weighted-average 0.8 year to the life of loans, which reduced monthly payment amounts for the borrowers
Consumer real estate2 — 
Added a weighted-average 12 years to the life of loans, which reduced monthly payment amounts for the borrowers
Total$132 0.2 %
December 31, 2023
Principal Forgiveness
(Dollars in millions)Balance% of Total ClassFinancial Effect
Consumer real estate$2 — %
$1.3 million of the principal of consumer loans was legally discharged in bankruptcy during the period and the borrowers have not re-affirmed the debt as of period end
Total$2 — %
December 31, 2023
Payment Deferrals
(Dollars in millions)Balance% of Total ClassFinancial Effect
Consumer real estate$3 — %
Payment deferral for 11 months, with a balloon payment at the end of the term
Total$3 — %
December 31, 2023
Combination - Term Extension and Interest Rate Reduction
(Dollars in millions)Balance% of Total ClassFinancial Effect
C&I (a)$— — %
Added a weighted-average 1.2 years to the life of loans and reduced weighted-average contractual interest rate from 13.00% to 11.50%
Consumer real estate6 — 
Added a weighted-average 14.3 years to the life of loans and reduced weighted-average contractual interest rate from 5.00% to 4.70%
Total$6 — %
December 31, 2023
Combination - Term Extension, Interest Rate Reduction, and Interest Forgiveness
(Dollars in millions)Balance% of Total ClassFinancial Effect
C&I$2 — %
Added a weighted-average 3.7 years to the life of loans, reduced weighted-average contractual interest rate from 11.25% to 7.50% and provided less than $1 million in interest forgiveness
Total$2 — %
December 31, 2023
Combination - Term Extension, Interest Rate Reduction, and Interest Deferrals
(Dollars in millions)Balance% of Total ClassFinancial Effect
CRE$15 0.1 %
Added a weighted-average 1 year to the life of loans, reduced weighted-average contractual interest rate from 8.65% to 8.00% and provided less than $1 million in deferred interest
Total$15 — %
(a) Balance less than $1 million.
Schedule of Financing Receivable, Performance of Modified Loan
The following table depicts the performance of loans that have been modified in the last 12 months:
Table 8.3.8
PERFORMANCE OF LOANS THAT HAVE BEEN MODIFIED IN THE LAST 12 MONTHS
December 31, 2023
(Dollars in millions)Current30-89 Days Past Due90+ Days Past DueNon-Accruing
C&I$70 $— $— $22 
CRE8 — — 47 
Consumer real estate4 — — 11 
Credit card and other— — — — 
Total$82 $— $— $80 
Schedule of Financing Receivable, Modified Loans in a TDR
The following table presents the end of period balance for loans modified in a TDR during the year ended December 31, 2022:
Table 8.3.9
LOANS MODIFIED IN A TDR
 Year Ended December 31, 2022
(Dollars in millions)NumberPre-Modification
Outstanding
Recorded Investment		Post-Modification
Outstanding
Recorded Investment
C&I6 $30 $24 
CRE1 1 1 
HELOC98 7 7 
Real estate installment loans181 41 41 
Credit card and other81 12 12 
Total TDRs367 $91 $85 
Schedule Of Troubled Debt Restructurings Within The Previous 12 Months
The following table presents TDRs which re-defaulted during 2022, and as to which the modification occurred 12 months or less prior to the re-default. For purposes of this disclosure, FHN generally defines payment default as 30 or more days past due.
Table 8.3.10
LOANS MODIFIED IN A TDR THAT RE-DEFAULTED
 Year Ended December 31, 2022
(Dollars in millions)NumberRecorded
Investment
C&I5 $— 
CRE— — 
HELOC22 1 
Real estate installment loans54 15 
Credit card and other17 — 
Total TDRs98 $16