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Legacy FHN + IBKC, Unadjusted Combined Historical Unaudited Period-End Statements of Condition (Dollars in millions) 6/30/20 3/31/20 12/31/19 9/30/19 6/30/19 Assets Loans and Leases: Commercial, financial, and industrial (C&I) $ 30,041 $ 29,034 $ 26,599 $ 26,784 $ 25,216 Commercial real estate 15,004 14,871 14,401 14,039 13,679 Consumer real estate 12,730 12,895 12,903 12,948 12,989 Credit card and other 1,012 1,120 1,179 1,166 1,183 Loans and leases, net of unearned income 58,787 57,920 55,082 54,938 53,068 Loans held for sale 1,054 804 807 810 635 Investment securities 9,017 8,648 8,571 8,849 9,074 Trading securities 1,116 1,878 1,346 1,395 1,669 Interest-bearing deposits with banks 5,146 1,337 1,087 942 1,093 Federal funds sold and Securities purchased under agreements to re 415 592 633 746 654 Total interest earning assets 75,535 71,177 67,528 67,679 66,192 Cash and due from banks 969 817 924 1,103 886 Goodwill and other intangible assets, net 2,857 2,866 2,876 2,884 2,892 Premises and equipment, net 744 746 752 750 750 Allowance for loan and lease losses (936) (731) (347) (339) (339) Other assets 4,160 4,563 3,292 3,375 3,236 Total assets $ 83,331 $ 79,437 $ 75,024 $ 75,453 $ 73,619 Liabilities Savings $ 24,686 $ 23,870 $ 21,470 $ 20,815 $ 20,450 Time deposits 5,880 6,899 7,892 8,805 8,714 Other interest-bearing deposits 15,248 13,607 13,538 12,514 12,879 Total interest-bearing deposits 45,815 44,377 42,901 42,135 42,043 Trading liabilities 233 453 506 720 558 Short-term borrowings 2,599 5,716 3,722 4,446 3,294 Term borrowings 3,200 2,081 2,135 2,589 2,562 Total interest-bearing liabilities 51,846 52,626 49,263 49,890 48,455 Noninterest-bearing deposits 20,263 15,569 14,749 14,788 14,561 Other liabilities 1,702 1,840 1,599 1,496 1,438 Total Liabilities 73,811 70,035 65,612 66,173 64,455 Shareholders' Equity: Preferred stock 468 324 324 324 324 Common stock 248 248 247 246 248 Capital surplus 5,639 5,631 5,619 5,605 5,656 Retained earnings 2,896 2,930 3,121 2,994 2,857 Accumulated other comprehensive loss, net (28) (25) (195) (187) (215) Combined shareholders' equity 9,224 9,107 9,118 8,984 8,869 Noncontrolling interest 295 295 295 295 295 Total shareholders' equity 9,519 9,403 9,413 9,279 9,164 Total liabilities and shareholders' equity $ 83,331 $ 79,437 $ 75,024 $ 75,453 $ 73,619 Memo: Loans and leases, net $ 57,851 $ 57,189 $ 54,735 $ 54,599 $ 52,729 Total deposits 66,078 59,946 57,650 56,923 56,604 Numbers may not foot due to rounding
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Appendix 1: Historical Unaudited Period-End Statements Of Condition - Separate and Combined Detail, Unadjusted 6/30/20 3/31/20 12/31/19 9/30/19 6/30/19 (Dollars in millions) FHN IBKC Combined FHN IBKC Combined FHN IBKC Combined FHN IBKC Combined FHN IBKC Combined Assets Loans and Leases: Commercial, financial, and industrial (C&I) $ 21,394 $ 8,647 $ 30,041 $ 22,124 $ 6,910 $ 29,034 $ 20,051 $ 6,548 $ 26,599 $ 20,294 $ 6,490 $ 26,784 $ 19,054 $ 6,162 $ 25,216 Commercial real estate 4,813 10,191 15,004 4,640 10,231 14,871 4,337 10,064 14,401 4,229 9,810 14,039 3,861 9,818 13,679 Consumer real estate 6,052 6,678 12,730 6,119 6,776 12,895 6,177 6,726 12,903 6,245 6,703 12,948 6,303 6,686 12,989 Credit card and other 449 563 1,012 495 625 1,120 496 683 1,179 493 673 1,166 494 689 1,183 Loans and leases, net of unearned income 32,709 26,078 58,787 33,378 24,542 57,920 31,061 24,021 55,082 31,261 23,677 54,938 29,713 23,355 53,068 Loans held for sale 746 308 1,054 596 208 804 594 213 807 555 255 810 447 188 635 Investment securities 5,486 3,531 9,017 4,555 4,093 8,648 4,455 4,116 8,571 4,426 4,423 8,849 4,426 4,648 9,074 Trading securities 1,116 - 1,116 1,878 - 1,878 1,346 - 1,346 1,395 - 1,395 1,669 - 1,669 Interest-bearing deposits with banks 3,136 2,010 5,146 671 666 1,337 482 605 1,087 364 578 942 593 500 1,093 Federal funds sold and Securities purchased under agreements 415 - 415 592 - 592 633 - 633 746 - 746 654 - 654 Total interest earning assets 43,608 31,927 75,535 41,669 29,508 71,177 38,572 28,956 67,528 38,747 28,932 67,679 37,501 28,691 66,192 Cash and due from banks 604 365 969 538 279 817 634 290 924 750 353 1,103 596 290 886 Goodwill and other intangible assets, net 1,552 1,305 2,857 1,558 1,308 2,866 1,563 1,313 2,876 1,569 1,315 2,884 1,575 1,317 2,892 Premises and equipment, net 448 296 744 448 298 746 455 297 752 452 298 750 454 296 750 Allowance for loan and lease losses (538) (398) (936) (444) (287) (731) (200) (147) (347) (193) (146) (339) (193) (146) (339) Other assets 2,970 1,190 4,160 3,429 1,134 4,563 2,287 1,005 3,292 2,393 982 3,375 2,237 999 3,236 Total assets $ 48,645 $ 34,686 $ 83,331 $ 47,197 $ 32,240 $ 79,437 $ 43,311 $ 31,713 $ 75,024 $ 43,718 $ 31,735 $ 75,453 $ 42,172 $ 31,447 $ 73,619 Liabilities Savings $ 13,532 $ 11,154 $ 24,686 $ 13,860 $ 10,010 $ 23,870 $ 11,665 $ 9,805 $ 21,470 $ 11,489 $ 9,326 $ 20,815 $ 11,555 $ 8,895 $ 20,450 Time deposits 2,656 3,224 5,880 3,058 3,841 6,899 3,618 4,274 7,892 4,176 4,629 8,805 4,399 4,315 8,714 Other interest-bearing deposits 9,784 5,464 15,248 8,561 5,046 13,607 8,717 4,821 13,538 8,011 4,503 12,514 8,268 4,611 12,879 Total interest-bearing deposits 25,972 19,843 45,815 25,480 18,897 44,377 24,001 18,900 42,901 23,676 18,459 42,135 24,222 17,821 42,043 Trading liabilities 233 - 233 453 - 453 506 - 506 720 - 720 558 - 558 Short-term borrowings 2,392 207 2,599 5,325 391 5,716 3,518 204 3,722 3,948 498 4,446 2,296 998 3,294 Term borrowings 2,032 1,168 3,200 793 1,288 2,081 791 1,344 2,135 1,195 1,394 2,589 1,187 1,375 2,562 Total interest-bearing liabilities 30,628 21,218 51,846 32,050 20,576 52,626 28,816 20,447 49,263 29,539 20,351 49,890 28,262 20,193 48,455 Noninterest-bearing deposits 11,788 8,475 20,263 8,940 6,629 15,569 8,429 6,320 14,749 8,269 6,519 14,788 8,087 6,474 14,561 Other liabilities 1,020 682 1,702 1,152 688 1,840 990 609 1,599 914 582 1,496 897 541 1,438 Total liabilities 43,436 30,375 73,811 42,142 27,893 70,035 38,235 27,377 65,612 38,722 27,451 66,173 37,246 27,209 64,455 Shareholders' equity: - - - - Preferred stock 240 228 468 96 228 324 96 228 324 96 228 324 96 228 324 Common stock 195 53 248 195 53 248 195 52 247 194 52 246 195 53 248 Capital surplus 2,941 2,698 5,639 2,939 2,692 5,631 2,931 2,688 5,619 2,925 2,680 5,605 2,942 2,714 5,656 Retained earnings 1,672 1,224 2,896 1,667 1,263 2,930 1,798 1,323 3,121 1,726 1,268 2,994 1,661 1,196 2,857 Accumulated other comprehensive loss, net (135) 107 (28) (136) 111 (25) (240) 45 (195) (241) 54 (187) (262) 47 (215) Shareholders' equity 4,913 4,311 9,224 4,760 4,347 9,107 4,781 4,337 9,118 4,701 4,283 8,984 4,631 4,238 8,869 Noncontrolling interest 295 - 295 295 - 295 295 - 295 295 - 295 295 - 295 Total shareholders' equity 5,208 4,311 9,519 5,056 4,347 9,403 5,076 4,337 9,413 4,996 4,283 9,279 4,926 4,238 9,164 Total liabilities and shareholders' equity $ 48,645 $ 34,686 $ 83,331 $ 47,197 $ 32,240 $ 79,437 $ 43,311 $ 31,713 $ 75,024 $ 43,718 $ 31,735 $ 75,453 $ 42,172 $ 31,447 $ 73,619 Memo: Loans and leases, net $ 32,171 $ 25,680 $ 57,851 $ 32,934 $ 24,255 $ 57,189 $ 30,861 $ 23,874 $ 54,735 $ 31,068 $ 23,531 $ 54,599 $ 29,520 $ 23,209 $ 52,729 Total deposits 37,760 28,318 66,078 34,420 25,526 59,946 32,430 25,220 57,650 31,945 24,978 56,923 32,309 24,295 56,604 Numbers may not foot due to rounding