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Consolidated Condensed Statements of Income (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Interest and fees on loans $ 144,675,000 $ 149,698,000 $ 426,042,000 $ 454,297,000
Interest on investment securities available-for-sale 23,254,000 20,916,000 70,038,000 62,442,000
Interest on investment securities held-to-maturity 66,000 0 198,000 0
Interest on loans held-for-sale 3,263,000 3,058,000 9,687,000 9,729,000
Interest on trading securities 7,737,000 8,747,000 23,529,000 25,798,000
Interest on other earning assets (137,000) 191,000 307,000 734,000
Total interest income 178,858,000 182,610,000 529,801,000 553,000,000
Interest on deposits:        
Savings 2,600,000 3,471,000 8,475,000 11,557,000
Time deposits 1,786,000 4,013,000 7,334,000 12,294,000
Other interest-bearing deposits 754,000 817,000 2,318,000 2,975,000
Certificates of deposit $100,000 and more 685,000 1,658,000 2,577,000 4,769,000
Interest on trading liabilities 3,782,000 3,632,000 11,440,000 10,182,000
Interest on short-term borrowings 1,265,000 1,103,000 3,565,000 3,565,000
Interest on term borrowings 8,445,000 9,078,000 25,424,000 27,419,000
Total interest expense 19,317,000 23,772,000 61,133,000 72,761,000
Net interest income 159,541,000 158,838,000 468,668,000 480,239,000
Provision for loan losses 6,000,000 10,000,000 21,000,000 40,000,000
Net interest income after provision for loan losses 153,541,000 148,838,000 447,668,000 440,239,000
Noninterest income:        
Capital markets 47,589,000 64,283,000 152,109,000 212,711,000
Mortgage banking 41,559,000 14,460,000 69,449,000 29,422,000
Deposit transactions and cash management 28,546,000 29,279,000 82,913,000 85,189,000
Brokerage, management fees and commissions 12,333,000 10,868,000 37,452,000 30,756,000
Trust services and investment management 6,779,000 6,649,000 20,832,000 19,927,000
Bankcard income 5,521,000 5,303,000 17,960,000 15,484,000
Bank-owned life insurance 3,547,000 3,560,000 12,891,000 12,978,000
Other service charges 3,064,000 3,707,000 9,052,000 10,296,000
Insurance commissions 593,000 733,000 1,641,000 2,063,000
Gain on divestiture 0 115,000 0 115,000
Debt securities gains/(losses), net 0 (96,000) 0 (451,000)
Equity securities gains/(losses), net (862,000) 0 2,872,000 28,000
All other income and commissions (Note 8) 9,146,000 11,614,000 23,275,000 31,016,000
Total noninterest income 157,815,000 150,475,000 430,446,000 449,534,000
Adjusted gross income after provision for loan losses 311,356,000 299,313,000 878,114,000 889,773,000
Noninterest expense:        
Employee compensation, incentives, and benefits (three and nine months ended September 30, 2014, include $.9 million and $2.6 million, respectively, and three and nine months ended September 30, 2013, include $2.7 million and $8.1 million, respectively, of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income) 120,742,000 132,213,000 359,630,000 401,897,000
Occupancy 12,405,000 13,147,000 41,941,000 37,754,000
Computer software 10,614,000 10,446,000 32,357,000 30,130,000
Legal and professional fees 10,463,000 12,704,000 31,653,000 37,940,000
Operations services 9,044,000 9,199,000 26,830,000 26,111,000
Equipment rentals, depreciation, and maintenance 7,150,000 7,890,000 22,441,000 23,307,000
Contract employment and outsourcing 5,199,000 9,241,000 14,842,000 26,861,000
Advertising and public relations 4,386,000 5,486,000 14,606,000 13,554,000
Communications and courier 3,628,000 4,517,000 11,800,000 13,485,000
FDIC premium expense 3,456,000 4,631,000 8,583,000 15,679,000
Amortization of intangible assets 982,000 [1] 928,000 [1] 2,945,000 [1] 2,784,000 [1]
Foreclosed real estate 788,000 523,000 2,011,000 3,249,000
Repurchase and foreclosure provision (4,300,000) 200,000,000 (4,300,000) 200,000,000
All other expense (Note 8) 61,629,000 22,631,000 66,393,000 68,753,000
Total noninterest expense 246,186,000 433,556,000 631,732,000 901,504,000
Income/(loss) before income taxes 65,170,000 (134,243,000) 246,382,000 (11,731,000)
Provision/(benefit) for income taxes (three and nine months ended September 30, 2014, include $.3 million and $1.0 million, respectively, and three and nine months ended September 30, 2013, include $1.0 million and $3.1 million, respectively, of income tax benefit reclassified from accumulated other comprehensive income) 15,421,000 (31,094,000) 66,223,000 1,644,000
Income/(loss) from continuing operations 49,749,000 (103,149,000) 180,159,000 (13,375,000)
Income/(loss) from discontinued operations, net of tax 0 [2] 123,000 [2] 0 [2] 554,000 [2]
Net income/(loss) 49,749,000 (103,026,000) 180,159,000 (12,821,000)
Net income attributable to noncontrolling interest 2,875,000 2,875,000 8,547,000 8,531,000
Net income/(loss) attributable to controlling interest 46,874,000 (105,901,000) 171,612,000 (21,352,000)
Preferred stock dividends 1,550,000 1,550,000 4,650,000 4,288,000
Net income/(loss) available to common shareholders $ 45,324,000 $ (107,451,000) $ 166,962,000 $ (25,640,000)
Basic earnings/(loss) per share from continuing operations (Note 10) $ 0.19 $ (0.45) $ 0.71 $ (0.11)
Diluted earnings/(loss) per share from continuing operations (Note 10) $ 0.19 $ (0.45) $ 0.7 $ (0.11)
Basic earnings/(loss) per share (Note 10) $ 0.19 $ (0.45) $ 0.71 $ (0.11)
Diluted earnings/(loss) per share (Note 10) $ 0.19 $ (0.45) $ 0.7 $ (0.11)
Weighted average common shares (Note 10) 235,329 236,895 235,437 238,990
Diluted average common shares (Note 10) 236,862 236,895 237,169 238,990
[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.