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Business Segment Information (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2021 and 2020:
| Three Months Ended September 30, 2021
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Net interest income (expense) | $ | 444 |  |  | $ | 154 |  |  | $ | (106) |  |  | $ | 492 |
Provision for credit losses | (52) |  |  | (33) |  |  | — |  |  | (85) |
Noninterest income | 112 |  |  | 142 |  |  | (7) |  |  | 247 |
Noninterest expense | 301 |  |  | 141 |  |  | 84 |  |  | 526 |
Income (loss) before income taxes | 307 |  |  | 188 |  |  | (197) |  |  | 298 |
Income tax expense (benefit) | 72 |  |  | 45 |  |  | (54) |  |  | 63 |
Net income (loss) | $ | 235 |  |  | $ | 143 |  |  | $ | (143) |  |  | $ | 235 |
Average assets | $ | 40,722 |  |  | $ | 20,460 |  |  | $ | 27,219 |  |  | $ | 88,401 |
| Three Months Ended September 30, 2020
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Net interest income (expense) | $ | 448 |  |  | $ | 161 |  |  | $ | (77) |  |  | $ | 532 |
Provision for credit losses | 194 |  |  | 34 |  |  | (1) |  |  | 227 |
Noninterest income | 97 |  |  | 181 |  |  | 545 |  |  | 823 |
Noninterest expense | 301 |  |  | 138 |  |  | 148 |  |  | 587 |
Income (loss) before income taxes | 50 |  |  | 170 |  |  | 321 |  |  | 541 |
Income tax expense (benefit) | 9 |  |  | 41 |  |  | (48) |  |  | 2 |
Net income (loss) | $ | 41 |  |  | $ | 129 |  |  | $ | 369 |  |  | $ | 539 |
Average assets | $ | 43,703 |  |  | $ | 21,693 |  |  | $ | 16,287 |  |  | $ | 81,683 |
| Nine Months Ended September 30, 2021
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Net interest income (expense) | $ | 1,314 |  |  | $ | 464 |  |  | $ | (282) |  |  | $ | 1,496 |
Provision for credit losses | (172) |  |  | (61) |  |  | (12) |  |  | (245) |
Noninterest income | 320 |  |  | 476 |  |  | 33 |  |  | 829 |
Noninterest expense (a) | 851 |  |  | 441 |  |  | 275 |  |  | 1,567 |
Income (loss) before income taxes | 955 |  |  | 560 |  |  | (512) |  |  | 1,003 |
Income tax expense (benefit) | 223 |  |  | 135 |  |  | (136) |  |  | 222 |
Net income (loss) | $ | 732 |  |  | $ | 425 |  |  | $ | (376) |  |  | $ | 781 |
Average assets | $ | 41,757 |  |  | $ | 20,669 |  |  | $ | 24,705 |  |  | $ | 87,131 |
(a) Includes $35 million in asset impairments related to IBKC merger integration efforts in the Corporate segment.
| Nine Months Ended September 30, 2020
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Net interest income (expense) | $ | 853 |  |  | $ | 400 |  |  | $ | (113) |  |  | $ | 1,140 |
Provision for credit losses | 394 |  |  | 106 |  |  | 2 |  |  | 502 |
Noninterest income | 239 |  |  | 410 |  |  | 555 |  |  | 1,204 |
Noninterest expense | 639 |  |  | 359 |  |  | 212 |  |  | 1,210 |
Income (loss) before income taxes | 59 |  |  | 345 |  |  | 228 |  |  | 632 |
Income tax expense (benefit) | 7 |  |  | 84 |  |  | (71) |  |  | 20 |
Net income (loss) | $ | 52 |  |  | $ | 261 |  |  | $ | 299 |  |  | $ | 612 |
Average assets | $ | 27,962 |  |  | $ | 18,885 |  |  | $ | 10,963 |  |  | $ | 57,810 |
The following tables reflect a disaggregation of FHN’s noninterest income by major product line and reportable segment for the three and nine months ended September 30, 2021 and 2020:
| Three months ended September 30, 2021
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Noninterest income: |  |  |  |  |  |  |
Fixed income (a) | $ | — |  |  | $ | 96 |  |  | $ | — |  |  | $ | 96 |
Deposit transactions and cash management | 39 |  |  | 3 |  |  | 2 |  |  | 44 |
Mortgage banking and title income | — |  |  | 33 |  |  | 1 |  |  | 34 |
Brokerage, management fees and commissions | 24 |  |  | — |  |  | — |  |  | 24 |
Bankcard income | 14 |  |  | 1 |  |  | — |  |  | 15 |
Trust services and investment management | 13 |  |  | — |  |  | — |  |  | 13 |
Securities gains (losses), net (b) | — |  |  | — |  |  | 1 |  |  | 1 |
Loss on debt extinguishment | — |  |  | — |  |  | (23) |  |  | (23) |
Other income (c) | 22 |  |  | 9 |  |  | 12 |  |  | 43 |
Total noninterest income | $ | 112 |  |  | $ | 142 |  |  | $ | (7) |  |  | $ | 247 |
(a)Includes $12 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 September 30, 2020
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Noninterest income: |  |  |  |  |  |  |
Fixed income (a) | $ | — |  |  | $ | 111 |  |  | $ | — |  |  | $ | 111 |
Mortgage banking and title income | — |  |  | 66 |  |  | — |  |  | 66 |
Deposit transactions and cash management | 38 |  |  | 2 |  |  | 2 |  |  | 42 |
Brokerage, management fees and commissions | 18 |  |  | — |  |  | — |  |  | 18 |
Trust services and investment management | 12 |  |  | — |  |  | — |  |  | 12 |
Bankcard income | 10 |  |  | — |  |  | — |  |  | 10 |
Securities gains (losses), net (b) | — |  |  | — |  |  | (1) |  |  | (1) |
Purchase accounting gain | — |  |  | — |  |  | 532 |  |  | 532 |
Other income (c) | 19 |  |  | 2 |  |  | 12 |  |  | 33 |
Total noninterest income | $ | 97 |  |  | $ | 181 |  |  | $ | 545 |  |  | $ | 823 |
(a)Includes $10 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.
| Nine Months Ended September 30, 2021
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Noninterest income: |  |  |  |  |  |  |
Fixed income (a) | $ | 1 |  |  | $ | 323 |  |  | $ | — |  |  | $ | 324 |
Deposit transactions and cash management | 117 |  |  | 8 |  |  | 5 |  |  | 130 |
Mortgage banking and title income | — |  |  | 124 |  |  | 2 |  |  | 126 |
Brokerage, management fees and commissions | 65 |  |  | — |  |  | — |  |  | 65 |
Bankcard income | 37 |  |  | 2 |  |  | 1 |  |  | 40 |
Trust services and investment management | 39 |  |  | — |  |  | — |  |  | 39 |
Securities gains (losses), net (b) | — |  |  | — |  |  | 12 |  |  | 12 |
Purchase accounting gain | — |  |  | — |  |  | (1) |  |  | (1) |
Loss on debt extinguishment | — |  |  | — |  |  | (23) |  |  | (23) |
Other income (c) | 61 |  |  | 19 |  |  | 37 |  |  | 117 |
Total noninterest income | $ | 320 |  |  | $ | 476 |  |  | $ | 33 |  |  | $ | 829 |
(a)Includes $35 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.
| Nine Months Ended September 30, 2020
(Dollars in millions) | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Noninterest income: |  |  |  |  |  |  |
Fixed income (a) | $ | 1 |  |  | $ | 318 |  |  | $ | — |  |  | $ | 319 |
Deposit transactions and cash management | 91 |  |  | 8 |  |  | 4 |  |  | 103 |
Mortgage banking and title income | — |  |  | 71 |  |  | 1 |  |  | 72 |
Brokerage, management fees and commissions | 47 |  |  | — |  |  | — |  |  | 47 |
Trust services and investment management | 27 |  |  | — |  |  | — |  |  | 27 |
Bankcard income | 23 |  |  | 1 |  |  | — |  |  | 24 |
Securities gains (losses), net (b) | — |  |  | — |  |  | (2) |  |  | (2) |
Purchase accounting gain | — |  |  | — |  |  | 532 |  |  | 532 |
Other income (c) | 50 |  |  | 12 |  |  | 20 |  |  | 82 |
Total noninterest income | $ | 239 |  |  | $ | 410 |  |  | $ | 555 |  |  | $ | 1,204 |
(a)Includes $29 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.

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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=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
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