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Business Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting, Measurement Disclosures [Abstract] |
Schedule of Segment Financial Information | The following tables present financial information for each reportable business segment for the years ended December 31: Tables 8.20.1a-b-c SEGMENT FINANCIAL INFORMATION
|  | 2021
(Dollars in millions) |  | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Net interest income (expense) |  | $ | 1,764 |  |  | $ | 619 |  |  | $ | (389) |  |  | $ | 1,994 |
Provision for credit losses |  | (229) |  |  | (64) |  |  | (17) |  |  | (310) |
Noninterest income |  | 438 |  |  | 597 |  |  | 41 |  |  | 1,076 |
Noninterest expense (b)(c)(f) |  | 1,151 |  |  | 571 |  |  | 374 |  |  | 2,096 |
Income (loss) before income taxes |  | 1,280 |  |  | 709 |  |  | (705) |  |  | 1,284 |
Income tax expense (benefit) |  | 298 |  |  | 171 |  |  | (195) |  |  | 274 |
Net income (loss) |  | $ | 982 |  |  | $ | 538 |  |  | $ | (510) |  |  | $ | 1,010 |
Average assets |  | $ | 45,445 |  |  | $ | 20,803 |  |  | $ | 21,361 |  |  | $ | 87,609 |
Depreciation and amortization |  | (71) |  |  | (2) |  |  | 101 |  |  | 28 |
Expenditures for long-lived assets |  | 27 |  |  | 3 |  |  | 7 |  |  | 37 |
|  | 2020
(Dollars in millions) |  | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Net interest income (expense) |  | $ | 1,264 |  |  | $ | 572 |  |  | $ | (174) |  |  | $ | 1,662 |
Provision for credit losses (e) |  | 392 |  |  | 116 |  |  | (5) |  |  | 503 |
Noninterest income (a) |  | 345 |  |  | 576 |  |  | 571 |  |  | 1,492 |
Noninterest expense (b)(c)(d) |  | 944 |  |  | 494 |  |  | 280 |  |  | 1,718 |
Income (loss) before income taxes |  | 273 |  |  | 538 |  |  | 122 |  |  | 933 |
Income tax expense (benefit) |  | 56 |  |  | 131 |  |  | (111) |  |  | 76 |
Net income (loss) |  | $ | 217 |  |  | $ | 407 |  |  | $ | 233 |  |  | $ | 857 |
Average assets |  | $ | 32,782 |  |  | $ | 19,822 |  |  | $ | 11,742 |  |  | $ | 64,346 |
Depreciation and amortization |  | (42) |  |  | 4 |  |  | 84 |  |  | 46 |
Expenditures for long-lived assets |  | 283 |  |  | 6 |  |  | 90 |  |  | 379 |
|  | 2019
(Dollars in millions) |  | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Net interest income (expense) |  | $ | 833 |  |  | $ | 389 |  |  | $ | (12) |  |  | $ | 1,210 |
Provision for credit losses |  | 24 |  |  | 37 |  |  | (16) |  |  | 45 |
Noninterest income |  | 293 |  |  | 315 |  |  | 46 |  |  | 654 |
Noninterest expense (b)(c)(d)(f) |  | 678 |  |  | 347 |  |  | 208 |  |  | 1,233 |
Income (loss) before income taxes |  | 424 |  |  | 320 |  |  | (158) |  |  | 586 |
Income tax expense (benefit) |  | 97 |  |  | 79 |  |  | (42) |  |  | 134 |
Net income (loss) |  | $ | 327 |  |  | $ | 241 |  |  | $ | (116) |  |  | $ | 452 |
Average assets |  | $ | 18,236 |  |  | $ | 15,517 |  |  | $ | 7,991 |  |  | $ | 41,744 |
Depreciation and amortization |  | 22 |  |  | 14 |  |  | 29 |  |  | 65 |
Expenditures for long-lived assets |  | 29 |  |  | 4 |  |  | 16 |  |  | 49 |
(a) 2020 includes a $533 million purchase accounting gain associated with the IBKC merger in the Corporate segment. (b) 2019 includes restructuring-related costs associated with efficiency initiatives; refer to Note 25 - Restructuring, Repositioning, and Efficiency for additional information. 2021, 2020 and 2019 include merger-related expenses; refer to Note 2 - Acquisitions and Divestitures for additional information. (c) 2021 and 2020 includes$37 million and $13 million, respectively, in asset impairments related to IBKC merger integration efforts in the Corporate segment. 2019 includes $25 million of asset impairments associated with acquisition, restructuring, and rebranding initiatives. (d) 2020 and 2019 include $41 million and $11 million, respectively, of contributions to FHN's foundations. (e) Increase in provision for credit losses in 2020 is primarily due to the provision related to non-PCD loans acquired in the IBKC merger and Truist branch acquisition and the economic forecast attributable to the COVID-19 pandemic. (f) 2021 and 2019 include $19 million and $4 million, respectively, in derivative valuation adjustments related to prior sales of Visa Class B shares in the Corporate segment. The following tables reflect a disaggregation of FHN’s noninterest income by major product line and reportable segment for the years ended December 31, 2021, 2020, and 2019: Tables 8.20.2a-b-c NONINTEREST INCOME DETAIL BY SEGMENT
|  | December 31, 2021
(Dollars in millions) |  | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Noninterest income: |  |  |  |  |  |  |  |
Fixed income (a) |  | $ | — |  |  | $ | 406 |  |  | $ | — |  |  | $ | 406 |
Deposit transactions and cash management |  | 157 |  |  | 12 |  |  | 6 |  |  | 175 |
Mortgage banking and title income |  | — |  |  | 152 |  |  | 2 |  |  | 154 |
Brokerage, management fees and commissions |  | 88 |  |  | — |  |  | — |  |  | 88 |
Card and digital banking fees |  | 67 |  |  | 3 |  |  | 8 |  |  | 78 |
Trust services and investment management |  | 51 |  |  | — |  |  | — |  |  | 51 |
Other service charges and fees |  | 23 |  |  | 17 |  |  | 4 |  |  | 44 |
Securities gains (losses), net (b) |  | — |  |  | — |  |  | 13 |  |  | 13 |
Purchase accounting gain |  | — |  |  | — |  |  | (1) |  |  | (1) |
Other income (c) |  | 52 |  |  | 7 |  |  | 9 |  |  | 68 |
Total noninterest income |  | $ | 438 |  |  | $ | 597 |  |  | $ | 41 |  |  | $ | 1,076 |
|  | December 31, 2020
(Dollars in millions) |  | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Noninterest income: |  |  |  |  |  |  |  |
Fixed income (a) |  | $ | 1 |  |  | $ | 422 |  |  | $ | — |  |  | $ | 423 |
Deposit transactions and cash management |  | 131 |  |  | 11 |  |  | 6 |  |  | 148 |
Mortgage banking and title income |  | — |  |  | 128 |  |  | 1 |  |  | 129 |
Brokerage, management fees and commissions |  | 66 |  |  | — |  |  | — |  |  | 66 |
Card and digital banking fees |  | 50 |  |  | 2 |  |  | 8 |  |  | 60 |
Trust services and investment management |  | 39 |  |  | — |  |  | — |  |  | 39 |
Other service charges and fees |  | 18 |  |  | 7 |  |  | 1 |  |  | 26 |
Securities gains (losses), net (b) |  | — |  |  | — |  |  | (6) |  |  | (6) |
Purchase accounting gain |  | — |  |  | — |  |  | 533 |  |  | 533 |
Other income (c) |  | 40 |  |  | 6 |  |  | 28 |  |  | 74 |
Total noninterest income |  | $ | 345 |  |  | $ | 576 |  |  | $ | 571 |  |  | $ | 1,492 |
|  | December 31, 2019
(Dollars in millions) |  | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Noninterest income: |  |  |  |  |  |  |  |
Fixed income (a) |  | $ | — |  |  | $ | 278 |  |  | $ | 1 |  |  | $ | 279 |
Deposit transactions and cash management |  | 114 |  |  | 11 |  |  | 7 |  |  | 132 |
Mortgage banking and title income |  | — |  |  | 8 |  |  | 2 |  |  | 10 |
Brokerage, management fees and commissions |  | 55 |  |  | — |  |  | — |  |  | 55 |
Card and digital banking fees |  | 41 |  |  | 2 |  |  | 6 |  |  | 49 |
Trust services and investment management |  | 30 |  |  | — |  |  | — |  |  | 30 |
Other service charges and fees |  | 16 |  |  | 5 |  |  | — |  |  | 21 |
Other income (c) |  | 37 |  |  | 11 |  |  | 30 |  |  | 78 |
Total noninterest income |  | $ | 293 |  |  | $ | 315 |  |  | $ | 46 |  |  | $ | 654 |
(a)2021, 2020 and 2019, include $44million , $39 million and $34 million, respectively, 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 letter of credit 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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