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Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting, Measurement Disclosures [Abstract]

Amounts Of Consolidated Revenue, Expense, Tax And Assets

The following tables reflect financial information for each reportable business segment for the three months ended March 31 2021 and 2020:

			Three Months Ended March 31, 2021
(Dollars in millions)			Regional Banking						Specialty Banking						Corporate						Consolidated
Net interest income (expense)			$	426					$	159					$	(77)					$	508
Provision for credit losses			(32)						(7)						(6)						(45)
Noninterest income			100						185						13						298
Noninterest expense (a)			272						154						118						544
Income (loss) before income taxes			286						197						(176)						307
Income tax expense (benefit)			66						47						(42)						71
Net income (loss)			$	220					$	150					$	(134)					$	236
Average assets			$	42,371					$	21,503					$	21,527					$	85,401
(a) Includes $33 million in asset impairments related to IBKC merger integration efforts in the Corporate segment.
			Three Months Ended March 31, 2020
(Dollars in millions)			Regional Banking						Specialty Banking						Corporate						Consolidated
Net interest income (expense)			$	194					$	109					$	—					$	303
Provision for credit losses			98						54						2						154
Noninterest income			73						104						(3)						174
Noninterest expense			173						111						18						302
Income (loss) before income taxes			(4)						48						(23)						21
Income tax expense (benefit)			(2)						11						(4)						5
Net income (loss)			$	(2)					$	37					$	(19)					$	16
Average assets			$	19,044					$	16,890					$	7,618					$	43,552

Certain previously reported amounts have been reclassified to agree with current presentation.

The following tables reflect a disaggregation of FHN’s noninterest income by major product line and reportable segment for the three months ended March 31, 2021 and 2020:

			Three months ended March 31, 2021
(Dollars in millions)			Regional Banking						Specialty Banking						Corporate						Consolidated
Noninterest income:
Fixed income (a)			$	1					$	125					$	—					$	126
Mortgage banking and title income			—						52						1						53
Deposit transactions and cash management			38						3						1						42
Brokerage, management fees and commissions			20						—						—						20
Trust services and investment management			12						—						—						12
Bankcard income			11						—						—						11
Other income (b)			18						5						11						34
Total noninterest income			$	100					$	185					$	13					$	298

(a)Includes $10 million of underwriting, portfolio advisory, and other noninterest income in scope of ASC 606, "Revenue From Contracts With Customers."

(b)Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commissions in scope of ASC 606.

			Three months ended March 31, 2020
(Dollars in millions)			Regional Banking						Specialty Banking						Corporate						Consolidated
Noninterest income:
Fixed income (a)			$	—					$	96					$	—					$	96
Mortgage banking and title income			—						2						—						2
Deposit transactions and cash management			26						3						1						30
Brokerage, management fees and commissions			16						—						—						16
Trust services and investment management			7						—						—						7
Bankcard income			6						1						—						7
Other income (b)			18						2						(4)						16
Total noninterest income			$	73					$	104					$	(3)					$	174

Certain previously reported amounts have been reclassified to agree with current presentation.

(a)Includes $9 million of underwriting, portfolio advisory, and other noninterest income in scope of ASC 606, "Revenue From Contracts With Customers."

(b)Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commissions in scope of ASC 606.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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No definition available.

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