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Business Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting, Measurement Disclosures [Abstract] |
Schedule of Segment Financial Information | The following table presents financial information for each reportable business segment for the years ended December 31: Table 8.19.1 SEGMENT FINANCIAL INFORMATION
|  | 2022
(Dollars in millions) |  | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Net interest income (expense) |  | $ | 1,954 |  |  | $ | 557 |  |  | $ | (119) |  |  | $ | 2,392 |
Provision for credit losses |  | 94 |  |  | 14 |  |  | (13) |  |  | 95 |
Noninterest income (a) |  | 444 |  |  | 311 |  |  | 60 |  |  | 815 |
Noninterest expense (b)(f) |  | 1,234 |  |  | 440 |  |  | 279 |  |  | 1,953 |
Income (loss) before income taxes |  | 1,070 |  |  | 414 |  |  | (325) |  |  | 1,159 |
Income tax expense (benefit) |  | 251 |  |  | 101 |  |  | (105) |  |  | 247 |
Net income (loss) |  | $ | 819 |  |  | $ | 313 |  |  | $ | (220) |  |  | $ | 912 |
Average assets |  | $ | 42,295 |  |  | $ | 19,967 |  |  | $ | 21,955 |  |  | $ | 84,217 |
Depreciation and amortization |  | 11 |  |  | (7) |  |  | 60 |  |  | 64 |
Expenditures for long-lived assets |  | 18 |  |  | 12 |  |  | (6) |  |  | 24 |
|  | 2021
(Dollars in millions) |  | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Net interest income (expense) |  | $ | 1,764 |  |  | $ | 620 |  |  | $ | (390) |  |  | $ | 1,994 |
Provision for credit losses |  | (229) |  |  | (64) |  |  | (17) |  |  | (310) |
Noninterest income |  | 438 |  |  | 597 |  |  | 41 |  |  | 1,076 |
Noninterest expense (b)(c)(f) |  | 1,139 |  |  | 571 |  |  | 386 |  |  | 2,096 |
Income (loss) before income taxes |  | 1,292 |  |  | 710 |  |  | (718) |  |  | 1,284 |
Income tax expense (benefit) |  | 303 |  |  | 171 |  |  | (200) |  |  | 274 |
Net income (loss) |  | $ | 989 |  |  | $ | 539 |  |  | $ | (518) |  |  | $ | 1,010 |
Average assets |  | $ | 41,527 |  |  | $ | 20,789 |  |  | $ | 25,293 |  |  | $ | 87,609 |
Depreciation and amortization |  | (67) |  |  | (3) |  |  | 98 |  |  | 28 |
Expenditures for long-lived assets |  | 27 |  |  | 3 |  |  | 7 |  |  | 37 |
|  | 2020
(Dollars in millions) |  | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Net interest income (expense) |  | $ | 1,287 |  |  | $ | 576 |  |  | $ | (201) |  |  | $ | 1,662 |
Provision for credit losses (e) |  | 392 |  |  | 116 |  |  | (5) |  |  | 503 |
Noninterest income (a) |  | 345 |  |  | 576 |  |  | 571 |  |  | 1,492 |
Noninterest expense (b)(c)(d) |  | 903 |  |  | 498 |  |  | 317 |  |  | 1,718 |
Income (loss) before income taxes |  | 337 |  |  | 538 |  |  | 58 |  |  | 933 |
Income tax expense (benefit) |  | 73 |  |  | 131 |  |  | (128) |  |  | 76 |
Net income (loss) |  | $ | 264 |  |  | $ | 407 |  |  | $ | 186 |  |  | $ | 857 |
Average assets |  | $ | 31,890 |  |  | $ | 19,809 |  |  | $ | 12,647 |  |  | $ | 64,346 |
Depreciation and amortization |  | (39) |  |  | 3 |  |  | 82 |  |  | 46 |
Expenditures for long-lived assets |  | 283 |  |  | 6 |  |  | 90 |  |  | 379 |
(a) 2022 includes a $22 million gain related to the sale of the title insurance business in the Corporate segment. 2020 includes a $533 million purchase accounting gain associated with the IBKC merger in the Corporate segment. (b) 2022, 2021, and 2020 include $136 million, $187 million and $155 million, respectively, in merger and integration expenses related to the IBKC merger and Pending TD Merger in the Corporate segment. (c) 2021 and 2020 includes $37 million and $13 million, respectively, in asset impairments related to IBKC merger integration efforts in the Corporate segment. (d) 2020 includes $41 million of contributions to FHN's foundations. (e) The provision for credit losses in 2020 was impacted by 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) 2022 and 2021 include $22 million and $19 million, respectively, in derivative valuation adjustments related to prior sales of Visa Class B shares in the Corporate segment. The following table presents a disaggregation of FHN’s noninterest income by major product line and reportable segment for the years ended December 31, 2022, 2021, and 2020: Table 8.19.2 NONINTEREST INCOME DETAIL BY SEGMENT
|  | December 31, 2022
(Dollars in millions) |  | Regional Banking |  | Specialty Banking |  | Corporate |  | Consolidated
Noninterest income: |  |  |  |  |  |  |  |
Fixed income (a) |  | $ | — |  |  | $ | 205 |  |  | $ | — |  |  | $ | 205 |
Deposit transactions and cash management |  | 153 |  |  | 10 |  |  | 8 |  |  | 171 |
Brokerage, management fees and commissions |  | 92 |  |  | — |  |  | — |  |  | 92 |
Card and digital banking fees |  | 75 |  |  | 2 |  |  | 7 |  |  | 84 |
Mortgage banking and title income |  | — |  |  | 68 |  |  | — |  |  | 68 |
Other service charges and fees |  | 32 |  |  | 22 |  |  | — |  |  | 54 |
Trust services and investment management |  | 48 |  |  | — |  |  | — |  |  | 48 |
Securities gains (losses), net (b) |  | — |  |  | — |  |  | 18 |  |  | 18 |
Other income (c) |  | 44 |  |  | 4 |  |  | 27 |  |  | 75 |
Total noninterest income |  | $ | 444 |  |  | $ | 311 |  |  | $ | 60 |  |  | $ | 815 |
|  | 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 |
Brokerage, management fees and commissions |  | 88 |  |  | — |  |  | — |  |  | 88 |
Card and digital banking fees |  | 67 |  |  | 3 |  |  | 8 |  |  | 78 |
Mortgage banking and title income |  | — |  |  | 152 |  |  | 2 |  |  | 154 |
Other service charges and fees |  | 23 |  |  | 17 |  |  | 4 |  |  | 44 |
Trust services and investment management |  | 51 |  |  | — |  |  | — |  |  | 51 |
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 |
Brokerage, management fees and commissions |  | 66 |  |  | — |  |  | — |  |  | 66 |
Card and digital banking fees |  | 50 |  |  | 2 |  |  | 8 |  |  | 60 |
Mortgage banking and title income |  | — |  |  | 128 |  |  | 1 |  |  | 129 |
Other service charges and fees |  | 18 |  |  | 7 |  |  | 1 |  |  | 26 |
Trust services and investment management |  | 39 |  |  | — |  |  | — |  |  | 39 |
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 |
(a)2022, 2021 and 2020, include $43 million, $44 million, and $39 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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