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Consolidated Condensed Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest income:    
Interest and fees on loans $ 161,577 $ 163,503
Interest on investment securities 26,306 29,192
Interest on loans held for sale 3,738 3,657
Interest on trading securities 9,436 10,844
Interest on other earning assets 446 409
Total interest income 201,503 207,605
Interest expense:    
Savings 5,619 7,250
Time deposits 5,916 8,032
Other interest-bearing deposits 1,518 1,552
Certificates of deposit $100,000 and more 2,306 2,710
Interest on trading liabilities 2,515 3,791
Interest on short-term borrowings 1,365 1,541
Interest on term borrowings 10,335 9,974
Total interest expense 29,574 34,850
Net interest income 171,929 172,755
Provision for loan losses 8,000 1,000
Net interest income after provision for loan losses 163,929 171,755
Noninterest income:    
Capital markets 106,743 90,057
Mortgage banking 23,341 27,726
Deposit transactions and cash management 28,741 32,279
Trust services and investment management 5,808 6,360
Brokerage management fees and commissions 8,496 8,155
Insurance commissions 568 689
Debt securities gains/(losses), net 328 771
Equity securities gains/(losses), net   27
Gain on divestiture 200  
All other income and commissions (Note 7) 28,216 30,271
Total noninterest income 202,441 196,335
Adjusted gross income after provision for loan losses 366,370 368,090
Noninterest expense:    
Employee compensation, incentives, and benefits 175,458 156,512
Repurchase and foreclosure provision 49,256 37,203
Legal and professional fees 6,067 18,352
Contract employment and outsourcing 11,115 6,888
Occupancy 12,119 14,861
Operations services 9,127 13,861
Equipment rentals, depreciation, and maintenance 7,616 7,890
Computer software 9,465 8,085
FDIC premium expense 6,336 8,055
Foreclosed real estate 4,170 6,789
Communications and courier 4,499 5,219
Amortization of intangible assets 973 1,006
Miscellaneous loan costs 1,327 1,492
All other expense (Note 7) 24,466 27,583
Total noninterest expense 321,994 313,796
Income/(loss)before income taxes 44,376 54,294
Provision/(benefit) for income taxes 10,570 12,162
Income/(loss) from continuing operations 33,806 42,132
Income/(loss) from discontinued operations, net of tax (435) [1] 871 [1]
Net income/(loss) 33,371 43,003
Net income/(loss) attributable to noncontrolling interest 2,844 2,844
Net income/(loss) available to common shareholders $ 30,527 $ 40,159
Basic earnings/(loss) per share from continuing operations (Note 8) $ 0.12 $ 0.15
Diluted earnings/(loss) per share from continuing operations (Note 8) $ 0.12 $ 0.15
Basic earnings/(loss) per share available to common shareholders (Note 8) $ 0.12 $ 0.15
Diluted earnings/(loss) per share available to common shareholders (Note 8) $ 0.12 $ 0.15
Weighted average common shares (Note 8) 253,527 261,174
Diluted average common shares (Note 8) 255,369 265,556
[1] Due to the nature of the subsidiary preferred stock issued by First Horizon Preferred Funding, LLC, First Horizon Preferred Funding II, LLC, and FTBNA, all components of Income/(loss) from discontinued operations, net of tax have been attributed solely to FHN as the controlling interest holder.