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Consolidated Condensed Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income:        
Interest and fees on loans $ 149,698 $ 163,813 $ 454,297 $ 486,507
Interest on investment securities 20,916 24,136 62,442 76,413
Interest on loans held-for-sale 3,058 3,808 9,729 11,174
Interest on trading securities 8,747 8,392 25,798 27,450
Interest on other earning assets 191 367 734 1,210
Total interest income 182,610 200,516 553,000 602,754
Interest on deposits:        
Savings 3,471 4,764 11,557 15,127
Time deposits 4,013 5,169 12,294 16,626
Other interest-bearing deposits 817 1,455 2,975 4,628
Certificates of deposit $100,000 and more 1,658 1,975 4,769 6,586
Interest on trading liabilities 3,632 2,556 10,182 7,914
Interest on short-term borrowings 1,103 1,443 3,565 3,958
Interest on term borrowings 9,078 9,689 27,419 29,846
Total interest expense 23,772 27,051 72,761 84,685
Net interest income 158,838 173,465 480,239 518,069
Provision for loan losses 10,000 40,000 40,000 63,000
Net interest income after provision for loan losses 148,838 133,465 440,239 455,069
Noninterest income:        
Capital markets 64,283 80,773 212,711 262,429
Deposit transactions and cash management 29,279 30,352 85,189 89,216
Mortgage banking 14,460 10,373 29,422 43,603
Brokerage, management fees and commissions 10,868 8,699 30,756 25,954
Trust services and investment management 6,649 6,055 19,927 18,340
Insurance commissions 733 946 2,063 2,344
Gain on divestiture 115 0 115 200
Equity securities gains/(losses), net 0 0 28 5,065
Debt securities gains/(losses), net (96) 0 (451) 328
All other income and commissions (Note 7) 24,184 26,340 69,774 77,407
Total noninterest income 150,475 163,538 449,534 524,886
Adjusted gross income after provision for loan losses 299,313 297,003 889,773 979,955
Noninterest expense:        
Repurchase and foreclosure provision 200,000 0 200,000 299,256
Employee compensation, incentives, and benefits (three and nine months ended September 30, 2013, include $17.2 million and $22.6 million, respectively, of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income) 132,213 153,970 401,897 479,044
Occupancy 13,147 13,059 37,754 36,664
Legal and professional fees 12,704 12,295 37,940 26,779
Computer software 10,446 10,260 30,130 29,685
Contract employment and outsourcing 9,241 10,187 26,861 32,146
Operations services 9,199 8,702 26,111 27,306
Equipment rentals, depreciation, and maintenance 7,890 7,931 23,307 23,336
FDIC premium expense 4,631 7,532 15,679 20,669
Communications and courier 4,517 4,722 13,485 13,705
Miscellaneous loan costs 1,349 577 3,508 3,202
Amortization of intangible assets 928 979 2,784 2,931
Foreclosed real estate 523 2,968 3,249 9,046
All other expense (Note 7) 26,768 29,987 78,799 108,571
Total noninterest expense 433,556 263,169 901,504 1,112,340
Income/(loss) before income taxes (134,243) 33,834 (11,731) (132,385)
Provision/(benefit) for income taxes (three and nine months ended September 30, 2013, include $6.6 million and $8.7 million, respectively, of income tax benefit reclassified from accumulated other comprehensive income) (31,094) 5,260 1,644 (72,348)
Income/(loss) from continuing operations (103,149) 28,574 (13,375) (60,037)
Income/(loss) from discontinued operations, net of tax 123 [1] 108 [1] 554 [1] 160 [1]
Net income/(loss) (103,026) 28,682 (12,821) (59,877)
Net income attributable to noncontrolling interest 2,875 2,875 8,531 8,563
Net income/(loss) attributable to controlling interest (105,901) 25,807 (21,352) (68,440)
Preferred stock dividends 1,550 0 4,288 0
Net income/(loss) available to common shareholders $ (107,451) $ 25,807 $ (25,640) $ (68,440)
Basic earnings/(loss) per share from continuing operations (Note 9) $ (0.45) $ 0.10 $ (0.11) $ (0.27)
Diluted earnings/(loss) per share from continuing operations (Note 9) $ (0.45) $ 0.10 $ (0.11) $ (0.27)
Basic earnings/(loss) per share (Note 9) $ (0.45) $ 0.10 $ (0.11) $ (0.27)
Diluted earnings/(loss) per share (Note 9) $ (0.45) $ 0.10 $ (0.11) $ (0.27)
Weighted average common shares (Note 9) 236,895 246,628 238,990 249,742
Diluted average common shares (Note 9) 236,895 248,306 238,990 249,742
[1] 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.