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8-K - FIRST HORIZON CORPc72367_8k.htm
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EX-99.3 - FIRST HORIZON CORPc72367_ex99-3.htm

Exhibit 99.2

FIRST HORIZON NATIONAL CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31

 

 

 

 

 

(Dollars in thousands)

 

2011

 

2010

 

2009

 

 

 

 

 

 

 

 

 

Net income/(loss)

 

$

142,630

 

$

61,603

 

$

(258,435

)

Other comprehensive income/(loss), net of tax:

 

 

 

 

 

 

 

 

 

 

Unrealized market adjustments on securities available for sale arising during the period (Net of tax of $14.1 million for 2011, $(12.2) million for 2010 and $12.1 million for 2009)

 

 

22,175

 

 

(19,122

)

 

22,614

 

Reclassification adjustment for (gain)/loss included in Net income/(loss) (Net of tax of $(.3) million for 2011 and 2010)

 

 

(472

)

 

(437

)

 

 

 

 

   

 

   

 

   

 

Unrealized gain/(loss) on securities available-for-sale

 

 

21,703

 

 

(19,559

)

 

22,614

 

 

 

   

 

   

 

   

 

Prior service cost arising during the period (Net of tax of $6.3 million for 2009)

 

 

 

 

 

 

10,829

 

Net actuarial gain/(loss) arising during the period (Net of tax of $(23.3) million for 2011, $(2.0) million for 2010 and $2.5 million for 2009) (a)

 

 

(37,616

)

 

(3,425

)

 

3,541

 

Amortization of prior service cost, transition asset/obligation, and net actuarial gain/(loss) included in net periodic benefit cost (Net of tax of $8.3 million for 2011, $5.5 million for 2010 and $.4 million for 2009)

 

 

13,303

 

 

9,647

 

 

638

 

 

 

   

 

   

 

   

 

Total pension and postretirement plans

 

 

(24,313

)

 

6,222

 

 

15,008

 

 

 

   

 

   

 

   

 

Other comprehensive income/(loss)

 

 

(2,610

)

 

(13,337

)

 

37,622

 

 

 

   

 

   

 

   

 

Comprehensive income/(loss)

 

 

140,020

 

 

48,266

 

 

(220,813

)

 

 

   

 

   

 

   

 

Comprehensive income attributable to noncontrolling interest

 

 

11,434

 

 

11,402

 

 

11,402

 

 

 

   

 

   

 

   

 

Comprehensive income /(loss) attributable to controlling interest

 

$

128,586

 

$

36,864

 

$

(232,215

)

 

 

   

 

   

 

   

 

(a) 2009 includes a positive, after-tax effect of $18.3 million due to a pension curtailment.