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Consolidated Condensed Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income:        
Interest and fees on loans $ 161,117 $ 160,928 $ 322,694 $ 324,431
Interest on investment securities 25,971 31,250 52,277 60,442
Interest on loans held for sale 3,628 3,267 7,366 6,924
Interest on trading securities 9,622 11,224 19,058 22,068
Interest on other earning assets 397 88 843 497
Total interest income 200,735 206,757 402,238 414,362
Interest expense:        
Savings 4,744 7,019 10,363 14,269
Time deposits 5,541 7,783 11,457 15,815
Other interest-bearing deposits 1,655 1,638 3,173 3,190
Certificates of deposit $100,000 and more 2,305 2,613 4,611 5,322
Interest on trading liabilities 2,843 4,102 5,358 7,893
Interest on short-term borrowings 1,150 1,468 2,515 3,009
Interest on term borrowings 9,822 9,274 20,157 19,249
Total interest expense 28,060 33,897 57,634 68,747
Net interest income 172,675 172,860 344,604 345,615
Provision for loan losses 15,000 1,000 23,000 2,000
Net interest income after provision for loan losses 157,675 171,860 321,604 343,615
Noninterest income:        
Capital markets 74,913 77,921 181,656 167,978
Mortgage banking 9,889 32,101 33,230 59,827
Deposit transactions and cash management 30,123 34,726 58,864 67,005
Trust services and investment management 6,477 6,684 12,285 13,044
Brokerage management fees and commissions 8,759 7,662 17,255 15,817
Insurance commissions 830 764 1,398 1,453
Debt securities gains/(losses), net 0 1 328 772
Equity securities gains/(losses), net 5,065 0 5,065 27
Gain on divestiture 0 0 200 0
All other income and commissions (Note 7) 22,851 27,734 51,067 58,006
Total noninterest income 158,907 187,593 361,348 383,929
Adjusted gross income after provision for loan losses 316,582 359,453 682,952 727,544
Noninterest expense:        
Employee compensation, incentives, and benefits 149,616 151,160 325,074 307,672
Repurchase and foreclosure provision 250,000 24,563 299,256 61,767
Legal and professional fees 8,417 20,451 14,484 38,803
Contract employment and outsourcing 10,844 8,142 21,959 15,030
Occupancy 11,486 13,061 23,605 27,922
Operations services 9,477 13,907 18,604 27,768
Equipment rentals, depreciation, and maintenance 7,789 8,481 15,405 16,371
Computer software 9,960 8,375 19,425 16,460
FDIC premium expense 6,801 8,839 13,137 16,894
Foreclosed real estate 1,908 5,803 6,078 12,592
Communications and courier 4,484 5,069 8,983 10,288
Amortization of intangible assets 979 1,006 1,952 2,012
Miscellaneous loan costs 1,298 859 2,625 2,351
All other expense (Note 7) 54,118 74,739 78,584 102,322
Total noninterest expense 527,177 344,455 849,171 658,252
Income/(loss)before income taxes (210,595) 14,998 (166,219) 69,292
Provision/(benefit) for income taxes (88,178) (4,167) (77,608) 7,995
Income/(loss) from continuing operations (122,417) 19,165 (88,611) 61,297
Income/(loss) from discontinued operations, net of tax 487 [1] 3,671 [1] 52 [1] 4,541 [1]
Net income/(loss) (121,930) 22,836 (88,559) 65,838
Net income/(loss) attributable to noncontrolling interest 2,844 2,844 5,688 5,688
Net income/(loss) available to common shareholders $ (124,774) $ 19,992 $ (94,247) $ 60,150
Basic earnings/(loss) per share from continuing operations (Note 8) $ (0.50) $ 0.06 $ (0.38) $ 0.21
Diluted earnings/(loss) per share from continuing operations (Note 8) $ (0.50) $ 0.06 $ (0.38) $ 0.21
Basic earnings/(loss) per share available to common shareholders (Note 8) $ (0.50) $ 0.08 $ (0.38) $ 0.23
Diluted earnings/(loss) per share available to common shareholders (Note 8) $ (0.50) $ 0.08 $ (0.38) $ 0.23
Weighted average common shares (Note 8) 249,104 261,289 251,317 261,233
Diluted average common shares (Note 8) 249,104 262,756 251,317 263,690
[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 Other comprehensive income/(loss) have been attributed solely to FHN as the controlling interest holder.