First Horizon National Corporation FHN Income Statement

First horizon national corporation (FHN)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Interest income:
Interest and Fee Income, Loans and Leases Held-in-portfolio
1,394,442	1,286,470	816,806	679,917	600,313	571,798	599,710	648,555	654,430	697,934	769,748	1,153,546
Interest on investment securities available-for-sale
120,558	130,376	105,019	96,671	93,626	93,233	83,787	98,450	118,106	114,325	141,853	162,306
Interest on investment securities held-to-maturity
525	525	591	789	283	287	0	0	-	-	-	-
Interest on loans held-for-sale
31,127	45,108	17,517	5,506	5,457	11,170	12,982	14,906	15,910	18,767	25,811	151,554
Interest on trading securities
46,576	58,684	34,991	30,779	35,074	31,991	34,548	35,363	43,191	46,384	53,162	114,625
Interest on other earning assets
31,112	24,858	15,006	4,247	1,652	770	1,026	1,679	800	2,876	2,365	24,694
Total interest income
1,624,340	1,546,021	989,930	817,909	736,405	709,249	732,053	798,953	832,437	880,286	992,939	1,606,725
Interest expense:
Interest on deposits:
Savings
144,350	107,748	42,519	19,608	11,992	11,562	14,762	19,744	26,963	31,308	38,886	79,921
Time deposits
84,027	53,096	13,111	10,021	8,667	9,076	15,879	21,265	29,274	38,600	60,857	101,225
Other interest-bearing deposits
78,839	55,707	24,481	10,357	4,491	3,078	3,747	5,896	6,247	8,846	5,012	13,863
Certificates of deposit $100,000 and more
-	-	-	-	-	3,090	5,642	8,311	9,817	13,006	27,709	76,293
Interest on trading liabilities
12,502	19,359	15,468	15,000	15,976	15,390	13,624	10,450	14,958	18,090	20,869	33,195
Interest on short-term borrowings
41,172	36,747	16,000	4,736	3,172	4,765	4,704	5,286	5,838	7,435	12,955	189,568
Interest on term borrowings
53,263	53,047	36,037	29,103	38,387	34,570	36,321	39,334	38,508	32,163	50,183	217,578
Total interest expense
414,153	325,704	147,616	88,825	82,685	81,531	94,679	110,286	131,605	149,448	216,471	711,643
Interest Income (Expense), Net
1,210,187	1,220,317	842,314	729,084	653,720	627,718	637,374	688,667	700,832	730,838	776,468	895,082
Provision/(provision credit) for loan losses
47,000	7,000	0	11,000	9,000	27,000	55,000	78,000	44,000	270,000	880,000	1,080,000
Net interest income after provision/(provision credit) for loan losses
1,163,187	1,213,317	842,314	718,084	644,720	600,718	582,374	610,667	656,832	460,838	-103,532	-184,918
Noninterest income:
Fixed income
278,789	167,882	216,625	268,561	231,337	200,595	272,364	334,912	355,291	424,034	632,093	483,526
Deposit Transactions And Cash Management
131,663	133,281	110,592	108,553	112,843	111,951	114,383	120,168	134,055	143,176	162,562	179,034
Brokerage management fees and commissions
55,467	54,803	48,514	42,911	46,496	49,099	42,261	34,934	32,964	27,862	26,862	32,234
Bankcard income
28,308	29,304	26,435	24,430	22,238	23,697	20,482	22,384	22,388	-	-	-
Trust services and investment management
29,511	29,806	28,420	27,727	27,577	27,777	26,523	24,319	24,952	25,674	26,171	33,821
Bank-owned life insurance (BOLI)
19,210	18,955	15,124	14,687	14,726	16,394	16,614	18,805	19,615	-	-	-
Debt Securities Gain (Loss) Net
-267	52	483	1,485	1,836	0	-451	328	772	374	-	761
Equity Securities, FV-NI, Gain (Loss)
441	212,896	109	-144	-	-	-	-	-	-	-	-
Other service charges
-	-	-	-	-	-	13,440	12,935	12,182	-	-	-
Mortgage banking
-	-	-	-	-	-	33,275	51,890	90,586	167,364	235,450	518,034
Insurance commissions
-	-	-	-	-	-	3,023	3,148	3,591	3,640	4,879	29,104
Equity securities gains/(losses), net (Note 3)
-	-	-	-	-458	2,872	2,211	365	35,392	10,548	-1,178	65,349
Gain on divestiture
-	-	-	-	-	-	111	200	0	0	-	-
Losses on divestitures
-	-	-	-	-	-	-	-	-	-	-1,704	-19,019
Noninterest Income, Other Operating Income
110,958	75,809	43,917	64,231	60,730	117,659	40,341	46,941	54,223	130,053	149,262	145,546
Noninterest Income
654,080	722,788	490,219	552,441	517,325	550,044	584,577	671,329	786,011	932,725	1,234,397	1,468,390
Adjusted gross income after provision/(provision credit) for loan losses
1,817,267	1,936,105	1,332,533	1,270,525	1,162,045	1,150,762	1,166,951	1,281,996	1,442,843	1,393,563	1,130,865	1,283,472
Noninterest expense:
Employee compensation, incentives, and benefits
695,351	658,223	587,465	563,791	511,633	478,159	529,041	640,857	610,225	672,007	755,167	928,982
Contract employment
-	-	-	-	-	-	-	-	-	-	-	33,515
Occupancy
80,271	85,009	54,646	50,880	51,117	54,018	50,565	49,027	53,613	57,725	62,189	103,573
Computer software
60,721	60,604	48,234	45,122	44,724	42,931	40,327	40,018	34,656	30,356	26,689	30,318
Operations services
46,006	56,280	43,823	41,852	39,261	35,247	35,215	35,429	50,347	59,148	61,964	72,602
Equipment rentals, depreciation, and maintenance
33,998	39,132	29,543	27,385	30,864	29,964	31,738	31,246	32,914	28,387	33,798	56,744
Advertising and public relations
34,359	24,752	19,214	21,612	19,187	18,683	18,239	17,439	16,884	-	-	-
Professional fees
55,218	45,799	47,929	19,169	18,922	23,298	23,454	38,750	69,643	61,856	65,616	62,173
FDIC premium expense
19,890	31,642	26,818	21,585	18,027	11,464	20,156	27,968	28,302	37,138	46,272	14,664
Communications and courier
25,080	30,032	17,624	14,265	15,820	16,074	17,958	18,318	19,100	22,132	26,496	38,183
Miscellaneous loan costs
-	-	-	-	-	-	-	-	-	12,363	23,046	38,221
Amortization of Intangible Assets
24,834	25,855	8,728	5,198	5,253	4,170	3,912	3,910	4,016	4,149	4,352	8,229
Other insurance and taxes
-	-	-	-	-	-	12,598	-	-	-	-	-
Contract employment and outsourcing
12,865	18,522	14,954	10,061	14,494	19,420	35,920	41,198	41,896	28,480	36,024	-
Legal fees
16,880	11,149	12,076	21,558	16,287	20,907	29,905	-	-	-	-	-
Foreclosed real estate
-	-	-	-	-	-	4,299	11,041	22,076	24,944	66,197	21,471
Repurchase and foreclosure provision/(provision credit)
-	-	-	-32,722	0	-4,300	170,000	299,256	159,590	189,830	147,772	29,503
All other expense (Note 7)
126,130	134,997	112,607	115,448	268,202	82,496	125,192	115,067	149,733	113,295	181,231	174,136
Noninterest Expense
1,231,603	1,221,996	1,023,661	925,204	1,053,791	832,531	1,148,519	1,369,524	1,292,995	1,341,810	1,536,813	1,612,314
Income/(loss) before income taxes
585,664	714,109	308,872	345,321	108,254	318,231	18,432	-87,528	149,848	51,753	-405,948	-328,842
Income Tax Expense (Benefit)
133,291	157,602	131,892	106,810	10,941	84,185	-19,389	-72,028	15,836	-21,182	-170,716	-154,405
Income/(loss) from continuing operations
-	-	-	-	-	-	37,821	-15,500	134,012	72,935	-235,232	-174,437
Income/(loss) from discontinued operations, net of tax
-	-	-	-	-	-	548	148	8,618	-11,332	-23,203	-3,534
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
452,373	556,507	176,980	238,511	97,313	234,046	38,369	-15,352	142,630	61,603	-258,435	-177,971
Net Income (Loss) Attributable to Noncontrolling Interest
11,465	11,465	11,465	11,465	11,434	11,527	11,465	11,464	11,434	11,402	11,402	14,016
Net income/(loss) attributable to controlling interest
440,908	545,042	165,515	227,046	85,879	222,519	26,904	-26,816	131,196	50,201	-269,837	-191,987
Preferred stock dividends
6,200	6,200	6,200	6,200	6,200	6,200	5,838	0	0	107,970	59,585	7,413
Net income/(loss) available to common shareholders
434,708	538,842	159,315	220,846	79,679	216,319	21,066	-26,816	131,196	-57,769	-329,422	-199,400
Basic earnings/(loss) per share from continuing operations (Note 16)
-	-	-	-	-	-	0.09	-0.11	0.47	-0.20	-1.31	-0.95
Diluted earnings/(loss) per share from continuing operations (Note 16)
-	-	-	-	-	-	0.09	-0.11	0.47	-0.20	-1.31	-0.95
Earnings Per Share, Basic
1.39	1.66	0.66	0.95	0.34	0.92	0.09	-0.11	0.50	-0.25	-1.41	-0.96
Earnings Per Share, Diluted
1.38	1.65	0.65	0.94	0.34	0.91	0.09	-0.11	0.50	-0.25	-1.41	-0.96
Weighted Average Number of Shares Outstanding, Basic
313,637	324,375	241,436	232,700	234,189	234,997	237,972	248,349	260,574	235,699	234,431	206,681
Weighted Average Number of Shares Outstanding, Diluted
315,657	327,445	244,453	235,292	236,266	236,735	239,794	248,349	262,861	235,699	234,431	206,681
Cash dividends declared per common share (in dollars per share)
0.56	0.48	0.36	0.28	0.24	0.20	0.20	-	-	-	-	-