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Consolidated Statements Of Income - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest income:      
Interest and fees on loans $ 600,313,000 $ 571,798,000 $ 599,710,000
Interest on investment securities available-for-sale 93,626,000 93,233,000 83,787,000
Interest on investment securities held-to-maturity 283,000 287,000 0
Interest on loans held-for-sale 5,457,000 11,170,000 12,982,000
Interest on trading securities 35,074,000 31,991,000 34,548,000
Interest on other earning assets 1,652,000 770,000 1,026,000
Total interest income 736,405,000 709,249,000 732,053,000
Interest on deposits:      
Savings 11,992,000 11,562,000 14,762,000
Time deposits 5,186,000 9,076,000 15,879,000
Other interest-bearing deposits 4,491,000 3,078,000 3,747,000
Certificates of deposit $100,000 and more 3,481,000 3,090,000 5,642,000
Interest on trading liabilities 15,976,000 15,390,000 13,624,000
Interest on short-term borrowings 3,172,000 4,765,000 4,704,000
Interest on term borrowings 38,387,000 34,570,000 36,321,000
Total interest expense 82,685,000 81,531,000 94,679,000
Net interest income 653,720,000 627,718,000 637,374,000
Provision/(provision credit) for loan losses 9,000,000 27,000,000 55,000,000
Net interest income after provision for loan losses 644,720,000 600,718,000 582,374,000
Noninterest income:      
Fixed income 231,337,000 200,595,000 272,364,000
Deposit transactions and cash management 112,843,000 111,951,000 114,383,000
Brokerage, management fees and commissions 46,496,000 49,099,000 42,261,000
Trust services and investment management 27,577,000 27,777,000 26,523,000
Bankcard income 22,238,000 23,697,000 20,482,000
Bank-owned life insurance 14,726,000 16,394,000 16,614,000
Other service charges 11,610,000 11,882,000 13,440,000
Mortgage banking 3,870,000 71,257,000 33,275,000
Insurance commissions 2,627,000 2,257,000 3,023,000
Debt securities gains/(losses), net (Note 3 and 14) 1,836,000 0 (451,000)
Equity securities gains/(losses), net (Note 3) (458,000) 2,872,000 2,211,000
Gain on divestiture 0 0 111,000
All other income and commissions (Note 13) 42,623,000 32,263,000 40,341,000
Total noninterest income 517,325,000 550,044,000 584,577,000
Adjusted gross income after provision for loan losses 1,162,045,000 1,150,762,000 1,166,951,000
Noninterest expense:      
Employee compensation, incentives, and benefits (2015, 2014 and 2013 include $.6 million, $5.1 million and $10.1 million, respectively, of expense expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income) 511,633,000 478,159,000 529,041,000
Occupancy 51,117,000 54,018,000 50,565,000
Computer software 44,724,000 42,931,000 40,327,000
Operations services 39,261,000 35,247,000 35,215,000
Equipment rentals, depreciation, and maintenance 30,864,000 29,964,000 31,738,000
Advertising and public relations 19,187,000 18,683,000 18,239,000
Professional fees 18,922,000 23,298,000 23,454,000
FDIC premium expense 18,027,000 11,464,000 20,156,000
Legal fees 16,287,000 20,907,000 29,905,000
Communications and courier 15,820,000 16,074,000 17,958,000
Contract employment and outsourcing 14,494,000 19,420,000 35,920,000
Other insurance and taxes 12,941,000 12,900,000 12,598,000
Amortization of intangible assets [1] 5,253,000 4,170,000 3,912,000
Foreclosed real estate 2,104,000 2,503,000 4,299,000
Repurchase and foreclosure provision 0 (4,300,000) 170,000,000
All other expense (Note 13) 253,157,000 67,093,000 125,192,000
Total noninterest expense 1,053,791,000 832,531,000 1,148,519,000
Income/(loss) before income taxes 108,254,000 318,231,000 18,432,000
Provision/(benefit) for income taxes (2015 includes $.5 million of tax expense and 2014 and 2013 include $2.0 million and $4.1 million, respectively, of tax benefit reclassified from accumulated other comprehensive income) (Note 15) 10,941,000 84,185,000 (19,389,000)
Income/(loss) from continuing operations 97,313,000 234,046,000 37,821,000
Income/(loss) from discontinued operations, net of tax [2] 0 0 548,000
Net income/(loss) 97,313,000 234,046,000 38,369,000
Net income attributable to noncontrolling interest 11,434,000 11,527,000 11,465,000
Net income/(loss) attributable to controlling interest 85,879,000 222,519,000 26,904,000
Preferred stock dividends 6,200,000 6,200,000 5,838,000
Net income/(loss) available to common shareholders $ 79,679,000 $ 216,319,000 $ 21,066,000
Basic earnings/(loss) per share from continuing operations (Note 16) $ 0.34 $ 0.92 $ 0.09
Diluted earnings/(loss) per share from continuing operations (Note 16) 0.34 0.91 0.09
Basic earnings/(loss) per share available to common shareholders (Note 16) 0.34 0.92 0.09
Diluted earnings/(loss) per share available to common shareholders (Note 16) $ 0.34 $ 0.91 $ 0.09
Weighted average common shares (Note 16) 234,189,000 234,997,000 237,972,000
Diluted average common shares (Note 16) 236,266,000 236,735,000 239,794,000
Cash dividends declared per common share $ 0.24 $ 0.2 $ 0.2
[1] Represents customer lists, acquired contracts, core deposit intangibles, and covenants not to compete.
[2] Due to the nature of the preferred stock issued by FHN and its subsidiaries, all components of Income/(loss) from discontinued operations, net of tax have been attributed solely to FHN as the controlling interest holder.