XML 51 R37.htm IDEA: XBRL DOCUMENT
v3.21.2

Business Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 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 and six months ended June 30 2021 and 2020:
| Three Months Ended June 30, 2021
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Net interest income (expense) | $ | 443 |  |  | $ | 153 |  |  | $ | (99) |  |  | $ | 497 |
Provision for credit losses | (88) |  |  | (21) |  |  | (6) |  |  | (115) |
Noninterest income | 108 |  |  | 150 |  |  | 27 |  |  | 285 |
Noninterest expense | 278 |  |  | 147 |  |  | 73 |  |  | 498 |
Income (loss) before income taxes | 361 |  |  | 177 |  |  | (139) |  |  | 399 |
Income tax expense (benefit) | 85 |  |  | 43 |  |  | (40) |  |  | 88 |
Net income (loss) | $ | 276 |  |  | $ | 134 |  |  | $ | (99) |  |  | $ | 311 |
Average assets | $ | 42,199 |  |  | $ | 20,055 |  |  | $ | 25,305 |  |  | $ | 87,559 |
| Three Months Ended June 30, 2020
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Net interest income (expense) | $ | 211 |  |  | $ | 130 |  |  | $ | (36) |  |  | $ | 305 |
Provision for credit losses | 103 |  |  | 18 |  |  | — |  |  | 121 |
Noninterest income | 69 |  |  | 124 |  |  | 13 |  |  | 206 |
Noninterest expense | 164 |  |  | 111 |  |  | 45 |  |  | 320 |
Income (loss) before income taxes | 13 |  |  | 125 |  |  | (68) |  |  | 70 |
Income tax expense (benefit) | 1 |  |  | 31 |  |  | (19) |  |  | 13 |
Net income (loss) | $ | 12 |  |  | $ | 94 |  |  | $ | (49) |  |  | $ | 57 |
Average assets | $ | 20,965 |  |  | $ | 18,041 |  |  | $ | 8,928 |  |  | $ | 47,934 |
Certain previously reported amounts have been reclassified to agree with current presentation.
| Six Months Ended June 30, 2021
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Net interest income (expense) | $ | 869 |  |  | $ | 311 |  |  | $ | (176) |  |  | $ | 1,004 |
Provision for credit losses | (120) |  |  | (28) |  |  | (12) |  |  | (160) |
Noninterest income | 208 |  |  | 335 |  |  | 40 |  |  | 583 |
Noninterest expense (a) | 551 |  |  | 300 |  |  | 191 |  |  | 1,042 |
Income (loss) before income taxes | 646 |  |  | 374 |  |  | (315) |  |  | 705 |
Income tax expense (benefit) | 151 |  |  | 90 |  |  | (82) |  |  | 159 |
Net income (loss) | $ | 495 |  |  | $ | 284 |  |  | $ | (233) |  |  | $ | 546 |
Average assets | $ | 42,284 |  |  | $ | 20,775 |  |  | $ | 23,427 |  |  | $ | 86,486 |
(a) Includes $33 million in asset impairments related to IBKC merger integration efforts in the Corporate segment.
| Six Months Ended June 30, 2020
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Net interest income (expense) | $ | 405 |  |  | $ | 239 |  |  | $ | (36) |  |  | $ | 608 |
Provision for credit losses | 200 |  |  | 72 |  |  | 3 |  |  | 275 |
Noninterest income | 142 |  |  | 228 |  |  | 11 |  |  | 381 |
Noninterest expense | 338 |  |  | 221 |  |  | 64 |  |  | 623 |
Income (loss) before income taxes | 9 |  |  | 174 |  |  | (92) |  |  | 91 |
Income tax expense (benefit) | (2) |  |  | 43 |  |  | (23) |  |  | 18 |
Net income (loss) | $ | 11 |  |  | $ | 131 |  |  | $ | (69) |  |  | $ | 73 |
Average assets | $ | 20,004 |  |  | $ | 17,466 |  |  | $ | 8,273 |  |  | $ | 45,743 |
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 and six months ended June 30, 2021 and 2020:
| Three months ended June 30, 2021
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Noninterest income: |  |  |  |  |  |  |
Fixed income (a) | $ | — |  |  | $ | 102 |  |  | $ | — |  |  | $ | 102 |
Mortgage banking and title income | — |  |  | 38 |  |  | — |  |  | 38 |
Deposit transactions and cash management | 39 |  |  | 3 |  |  | 2 |  |  | 44 |
Brokerage, management fees and commissions | 21 |  |  | — |  |  | — |  |  | 21 |
Trust services and investment management | 14 |  |  | — |  |  | — |  |  | 14 |
Bankcard income | 14 |  |  | 1 |  |  | — |  |  | 15 |
Securities gains (losses), net (b) | — |  |  | — |  |  | 11 |  |  | 11 |
Other income (c) | 20 |  |  | 6 |  |  | 14 |  |  | 40 |
Total noninterest income | $ | 108 |  |  | $ | 150 |  |  | $ | 27 |  |  | $ | 285 |
(a)Includes $14 million of underwriting, portfolio advisory, and other noninterest income in scope of ASC 606, "Revenue From Contracts With Customers." (b)Represents noninterest income excluded from the scope of ASC 606. Amount is presented for informational purposes to reconcile total noninterest income. (c)Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commissions in scope of ASC 606.
| Three months ended June 30, 2020
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Noninterest income: |  |  |  |  |  |  |
Fixed income (a) | $ | — |  |  | $ | 112 |  |  | $ | — |  |  | $ | 112 |
Mortgage banking and title income | — |  |  | 4 |  |  | — |  |  | 4 |
Deposit transactions and cash management | 27 |  |  | 3 |  |  | 1 |  |  | 31 |
Brokerage, management fees and commissions | 14 |  |  | — |  |  | — |  |  | 14 |
Trust services and investment management | 8 |  |  | — |  |  | — |  |  | 8 |
Bankcard income | 7 |  |  | — |  |  | — |  |  | 7 |
Securities gains (losses), net (b) | — |  |  | — |  |  | (1) |  |  | (1) |
Other income (c) | 13 |  |  | 5 |  |  | 13 |  |  | 31 |
Total noninterest income | $ | 69 |  |  | $ | 124 |  |  | $ | 13 |  |  | $ | 206 |
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)Represents noninterest income excluded from the scope of ASC 606. Amount is presented for informational purposes to reconcile total noninterest income. (c)Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commissions in scope of ASC 606.
| Six Months Ended June 30, 2021
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Fixed income (a) | $ | 1 |  |  | $ | 227 |  |  | $ | — |  |  | $ | 228 |
Mortgage banking and title income | — |  |  | 90 |  |  | 1 |  |  | 91 |
Deposit transactions and cash management | 77 |  |  | 6 |  |  | 3 |  |  | 86 |
Brokerage, management fees and commissions | 41 |  |  | — |  |  | — |  |  | 41 |
Trust services and investment management | 26 |  |  | — |  |  | — |  |  | 26 |
Bankcard income | 24 |  |  | 1 |  |  | — |  |  | 25 |
Securities gains (losses), net (b) | — |  |  | — |  |  | 11 |  |  | 11 |
Other income (c) | 39 |  |  | 11 |  |  | 25 |  |  | 75 |
Total noninterest income | $ | 208 |  |  | $ | 335 |  |  | $ | 40 |  |  | $ | 583 |
(a)Includes $24 million of underwriting, portfolio advisory, and other noninterest income in scope of Accounting Standards Codification ("ASC") 606, "Revenue From Contracts With Customers." (b)Represents noninterest income excluded from the scope of ASC 606. Amount is presented for informational purposes to reconcile total noninterest income. (c)Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commissions in scope of ASC 606.
| Six Months Ended June 30, 2020
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Fixed income (a) | $ | — |  |  | $ | 208 |  |  | $ | — |  |  | $ | 208 |
Mortgage banking and title income | — |  |  | 6 |  |  | 1 |  |  | 7 |
Deposit transactions and cash management | 52 |  |  | 6 |  |  | 3 |  |  | 61 |
Brokerage, management fees and commissions | 29 |  |  | — |  |  | — |  |  | 29 |
Trust services and investment management | 15 |  |  | — |  |  | — |  |  | 15 |
Bankcard income | 13 |  |  | 1 |  |  | — |  |  | 14 |
Securities gains (losses), net (b) | — |  |  | — |  |  | (1) |  |  | (1) |
Other income (c) | 33 |  |  | 7 |  |  | 8 |  |  | 48 |
Total noninterest income | $ | 142 |  |  | $ | 228 |  |  | $ | 11 |  |  | $ | 381 |
Certain previously reported amounts have been reclassified to agree with current presentation. (a)Includes $18 million of underwriting, portfolio advisory, and other noninterest income in scope of Accounting Standards Codification ("ASC") 606, "Revenue From Contracts With Customers." (b)Represents noninterest income excluded from the scope of ASC 606. Amount is presented for informational purposes to reconcile total noninterest income. (c)Includes other service charges, ATM and interchange fees, electronic banking fees, and insurance commissions in scope of ASC 606.

X
- 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=123359005&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=123359005&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=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingMeasurementDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration