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Consolidated Condensed Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income:    
Interest and fees on loans $ 138,657 $ 153,285
Interest on investment securities available-for-sale 23,134 20,862
Interest on investment securities held-to-maturity 66 0
Interest on loans held-for-sale 3,215 3,502
Interest on trading securities 8,105 8,281
Interest on other earning assets 407 469
Total interest income 173,584 186,399
Interest on deposits:    
Savings 3,083 4,397
Time deposits 3,062 4,217
Other interest-bearing deposits 818 1,145
Certificates of deposit $100,000 and more 1,023 1,561
Interest on trading liabilities 3,571 3,196
Interest on short-term borrowings 1,105 1,306
Interest on term borrowings 8,563 9,195
Total interest expense 21,225 25,017
Net interest income 152,359 161,382
Provision for loan losses 10,000 15,000
Net interest income after provision for loan losses 142,359 146,382
Noninterest income:    
Capital markets 56,840 79,163
Deposit transactions and cash management 26,456 27,656
Mortgage banking 19,029 9,373
Brokerage, management fees and commissions 12,276 9,348
Trust services and investment management 6,744 6,328
Bank owned life insurance 6,032 5,472
Equity securities gains/(losses), net 5,657 24
Bankcard income 4,520 4,882
Other service charges 2,845 3,086
Insurance commissions 437 600
All other income and commissions (Note 8) 4,894 10,495
Total noninterest income 145,730 156,427
Adjusted gross income after provision for loan losses 288,089 302,809
Noninterest expense:    
Employee compensation, incentives, and benefits (three months ended March 31, 2014 and 2013, include $.7 million and $2.5 million, respectively, of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income) 119,229 139,184
Occupancy 17,592 12,822
Legal and professional fees 15,039 11,171
Computer software 10,656 10,076
Operations services 8,982 8,070
Equipment rentals, depreciation, and maintenance 7,849 7,820
Advertising and public relations 5,908 3,947
Contract employment and outsourcing 4,325 9,039
Communications and courier 4,224 4,437
FDIC premium expense 3,991 6,011
Amortization of intangible assets 982 928
Foreclosed real estate 784 1,439
All other expense (Note 8) 20,653 25,596
Total noninterest expense 220,214 240,540
Income/(loss) before income taxes 67,875 62,269
Provision/(benefit) for income taxes (three months ended March 31, 2014 and 2013, include $.3 million and $1.0 million, respectively, of income tax benefit reclassified from accumulated other comprehensive income) 18,645 17,730
Income/(loss) from continuing operations 49,230 44,539
Income/(loss) from discontinued operations, net of tax 0 [1] 430 [1]
Net income/(loss) 49,230 44,969
Net income attributable to noncontrolling interest 2,813 2,813
Net income/(loss) attributable to controlling interest 46,417 42,156
Preferred stock dividends 1,550 1,188
Net income/(loss) available to common shareholders $ 44,867 $ 40,968
Basic earnings/(loss) per share from continuing operations (Note 10) $ 0.19 $ 0.17
Diluted earnings/(loss) per share from continuing operations (Note 10) $ 0.19 $ 0.17
Basic earnings/(loss) per share (Note 10) $ 0.19 $ 0.17
Diluted earnings/(loss) per share (Note 10) $ 0.19 $ 0.17
Weighted average common shares (Note 10) 235,183 240,870
Diluted average common shares (Note 10) 237,401 242,799
[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.