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Business Segment Information | 9 Months Ended
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Sep. 30, 2015
Business Segment Information [Abstract] |
Business Segment Information | Note 12 – Business Segment Information FHN has four business segments: regional banking, fixed income, corporate, and non-strategic. The regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets. Regional banking provides investments, financial planning, trust services and asset management, credit card, and cash management. Additionally, the regional banking segment includes corresponden t banking which provides credit, depository, and other banking related services to other financial institutions nationally. The fixed income segment consists of fixed income sales, trading, and strategies for institutional clients in the U.S. and abroad, a s well as loan sales, portfolio advisory, and derivative sales. The corporate segment consists of unallocated corporate expens es, expense on subordinated debt issuances, bank-owned life insurance, unallocated interest income associated with excess equity, net impact of raising incremental capital, revenue and expense associated with deferred compensation plans, funds management, tax credit investment activities, acquisition-related costs, and various charges related to restructuring, repositioning, and effi ciency initiatives. The non-strategic segment consists of the wind-down national consumer lending activities, legacy mortgage banking elements including servicing fees (in periods subsequent to first quarter 2014 these amounts are significantly lower), and the associated ancillary revenues and expenses related to these businesses. Non-strategic also includes the wind-down trust preferred loan portfolio and exited businesses along with the associated restructuring, repositioning, and efficiency charges. Periodically, FHN adapts its segments to reflect managerial or strategic changes. FHN may also modify its methodology of allocating expenses and equity among segments which could change historical segment results. Total revenue, expense, and asset levels reflect those which are specifically identifiable or which are allocated based on an internal allocation method. Because the allocations are based on internally developed assignments and allocations, they are to an extent subjective. Generally, all assignments and allocations have been consistently applied for all periods presented. The following table reflects the amounts of consolidated revenue, expense, tax, and assets for each segment for the three and nine month s ended September 30:
|  | Three Months Ended |  | Nine Months Ended |
|  | September 30 | September 30 |
(Dollars in thousands) | 2015 |  | 2014 |  | 2015 |  | 2014 |
Consolidated |  |  |  |  |  |  |  |  |  |  |  |
Net interest income | $ | 163,562 |  | $ | 159,541 |  | $ | 487,068 |  | $ | 468,668 |
Provision for loan losses |  | 1,000 |  |  | 6,000 |  |  | 8,000 |  |  | 21,000 |
Noninterest income |  | 125,103 |  |  | 157,815 |  |  | 385,093 |  |  | 430,446 |
Noninterest expense |  | 215,436 |  |  | 244,016 |  |  | 810,051 |  |  | 625,222 |
Income/(loss) before income taxes |  | 72,229 |  |  | 67,340 |  |  | 54,110 |  |  | 252,892 |
Provision/(benefit) for income taxes |  | 8,897 |  |  | 16,842 |  |  | 8,226 |  |  | 70,486 |
Net income/(loss) | $ | 63,332 |  | $ | 50,498 |  | $ | 45,884 |  | $ | 182,406 |
Average assets | $ | 25,314,761 |  | $ | 23,802,334 |  | $ | 25,456,596 |  | $ | 23,786,429 |
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,"Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects." See Note 1 - Financial Information for additional information.
| Three Months Ended |  | Nine Months Ended |
| September 30 |  | September 30 |
(Dollars in thousands) | 2015 |  | 2014 |  | 2015 |  | 2014 |
Regional Banking |  |  |  |  |  |  |  |  |  |  |  |
Net interest income | $ | 165,258 |  | $ | 153,868 |  | $ | 485,575 |  | $ | 444,569 |
Provision/(provision credit) for loan losses |  | 6,696 |  |  | 2,204 |  |  | 28,689 |  |  | 23,619 |
Noninterest income |  | 62,773 |  |  | 64,155 |  |  | 188,966 |  |  | 190,374 |
Noninterest expense |  | 135,776 |  |  | 135,903 |  |  | 415,759 |  |  | 401,442 |
Income/(loss) before income taxes |  | 85,559 |  |  | 79,916 |  |  | 230,093 |  |  | 209,882 |
Provision/(benefit) for income taxes |  | 30,809 |  |  | 28,561 |  |  | 82,186 |  |  | 74,714 |
Net income/(loss) | $ | 54,750 |  | $ | 51,355 |  | $ | 147,907 |  | $ | 135,168 |
Average assets | $ | 14,991,229 |  | $ | 13,575,811 |  | $ | 14,750,532 |  | $ | 13,084,962 |
Fixed Income |  |  |  |  |  |  |  |  |  |  |  |
Net interest income | $ | 3,008 |  | $ | 2,950 |  | $ | 11,628 |  | $ | 9,013 |
Noninterest income |  | 51,756 |  |  | 49,896 |  |  | 169,322 |  |  | 154,219 |
Noninterest expense |  | 59,783 |  |  | 47,915 |  |  | 165,680 |  |  | 100,629 |
Income/(loss) before income taxes |  | (5,019) |  |  | 4,931 |  |  | 15,270 |  |  | 62,603 |
Provision/(benefit) for income taxes |  | (2,359) |  |  | 1,696 |  |  | 4,979 |  |  | 23,682 |
Net income/(loss) | $ | (2,660) |  | $ | 3,235 |  | $ | 10,291 |  | $ | 38,921 |
Average assets | $ | 2,189,076 |  | $ | 2,003,401 |  | $ | 2,349,551 |  | $ | 2,038,659 |
Corporate |  |  |  |  |  |  |  |  |  |  |  |
Net interest income/(expense) | $ | (19,037) |  | $ | (14,246) |  | $ | (52,497) |  | $ | (36,137) |
Noninterest income |  | 8,559 |  |  | 4,139 |  |  | 17,845 |  |  | 22,569 |
Noninterest expense |  | 11,521 |  |  | 16,511 |  |  | 39,460 |  |  | 47,370 |
Income/(loss) before income taxes |  | (21,999) |  |  | (26,618) |  |  | (74,112) |  |  | (60,938) |
Provision/(benefit) for income taxes |  | (24,841) |  |  | (16,928) |  |  | (52,363) |  |  | (43,925) |
Net income/(loss) | $ | 2,842 |  | $ | (9,690) |  | $ | (21,749) |  | $ | (17,013) |
Average assets | $ | 5,888,475 |  | $ | 5,228,339 |  | $ | 5,954,239 |  | $ | 5,471,945 |
Non-Strategic |  |  |  |  |  |  |  |  |  |  |  |
Net interest income | $ | 14,333 |  | $ | 16,969 |  | $ | 42,362 |  | $ | 51,223 |
Provision/(provision credit) for loan losses |  | (5,696) |  |  | 3,796 |  |  | (20,689) |  |  | (2,619) |
Noninterest income |  | 2,015 |  |  | 39,625 |  |  | 8,960 |  |  | 63,284 |
Noninterest expense |  | 8,356 |  |  | 43,687 |  |  | 189,152 |  |  | 75,781 |
Income/(loss) before income taxes |  | 13,688 |  |  | 9,111 |  |  | (117,141) |  |  | 41,345 |
Provision/(benefit) for income taxes |  | 5,288 |  |  | 3,513 |  |  | (26,576) |  |  | 16,015 |
Net income/(loss) | $ | 8,400 |  | $ | 5,598 |  | $ | (90,565) |  | $ | 25,330 |
Average assets | $ | 2,245,981 |  | $ | 2,994,783 |  | $ | 2,402,274 |  | $ | 3,190,863 |
Certain previously reported amounts have been revised to reflect the retroactive effect of the adoption of ASU 2014-01,"Equity Method and Joint Venture: Accounting for Investments in Qualified Affordable Housing Projects." See Note 1 - Financial Information for additional information.

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