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Revenue Recognition
 12 Months Ended
Dec. 31, 2023
Revenue Recognition and Deferred Revenue [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
We derive our revenue primarily from interest and fees on loans and interest income on securities, which combined represented approximately 81% of our total revenue (interest income plus noninterest income) in 2023. Noninterest income and revenue from contracts with customers is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. We recognize the incremental cost of obtaining a contract as an expense, when incurred, if the amortization period of the asset that we would have recognized is one year or less. For performance obligations satisfied over time, if we have a right to consideration from a customer in an amount that corresponds directly with the value to the customer of our performance completed to date, we will generally recognize revenue in the amount to which we have a right to invoice. We do not generally disclose information about our remaining performance obligations for those performance obligations that have an original expected duration of one year or less, or where we recognize revenue in the amount to which we have a right to invoice.
The following is a description of revenue from contracts with customers:
Commercial Account Fees
Commercial account fee income is comprised of account analysis fees, merchant fees, and payroll services income. Revenue is recognized as the services are rendered or upon completion of services.
Card Fees
Card fee income includes interchange fees from credit and debit cards, net fees earned from processing card transactions for merchants, and automated teller machine (“ATM”) services. Card fee income is recognized as earned. Reward program costs are recorded when the rewards are earned by the customer and as a reduction to interchange income.
Retail and Business Banking Fees
Retail and business banking fees typically consist of fees charged for providing customers with deposit services. These fees are primarily comprised of insufficient funds fees, noncustomer ATM charges, and other various fees on deposit accounts. Service charges on deposit accounts include fees earned in lieu of compensating balances, and fees earned for performing cash management services and other deposit account services. Service charges on deposit accounts are recognized over the period in which the related service is provided. Treasury management fees are billed monthly based on services rendered for the month.
Capital Markets Fees
Capital markets fees primarily consist of municipal advisory services, customer swap fees, loan syndication fees, and foreign exchange services provided to customers. Revenue is recognized as the services are rendered or upon completion of services.
Wealth Management Fees
Wealth management fees are primarily comprised of wealth management commissions, as well as other portfolio and advisory services. Revenue is recognized as the services are rendered or upon completion of services. Financial planning, fiduciary, and estate services typically have performance obligations that are greater than 12 months, although the amount of future performance obligations are not significant.
Other Customer-related Fees
Other customer-related fees generally consist of miscellaneous income sources, including fees associated with compliance and other support services to pharmacies and healthcare providers; corporate trust fees; other advisory
and referral fees; and fees associated with claims and inventory management services for certain customers. Revenue is recognized as the services are rendered or upon completion of services.
Disaggregation of Revenue
The following schedule presents total net revenue by operating business segment:
Zions BankCB&TAmegy
(In millions)202320222021202320222021202320222021
Commercial account fees
$55 $53 $46 $32 $28 $25 $56 $46 $40 
Card fees
52 55 58 21 20 17 31 33 29 
Retail and business banking fees
19 22 22 11 12 12 14 16 15 
Capital markets fees
— — — — — — — — — 
Wealth management fees23 22 21 4 4 5 17 15 13 
Other customer-related fees8 8 7 7 6 4 7 7 6 
Total noninterest income from contracts with customers (ASC 606)
157 160 154 75 70 63 125 117 103 
Other noninterest income (non-ASC 606 customer-related)
24 19 21 35 34 34 37 40 36 
Total customer-related noninterest income
181 179 175 110 104 97 162 157 139 
Other noncustomer-related noninterest income
11 5 10 6 4 5 22 1 2 
Total noninterest income
192 184 185 116 108 102 184 158 141 
Net interest income
696 741 633 598 595 536 453 513 462 
Total net revenue
$888 $925 $818 $714 $703 $638 $637 $671 $603 
NBAZNSBVectra
(In millions)202320222021202320222021202320222021
Commercial account fees
$10 $9 $7 $12 $11 $9 $7 $8 $7 
Card fees
15 15 11 16 15 12 9 9 6 
Retail and business banking fees
8 9 9 10 10 10 4 4 4 
Capital markets fees
— — — — — — — — — 
Wealth management fees3 3 3 5 5 4 1 1 2 
Other customer-related fees1 2 1 1 1 1 4 3 2 
Total noninterest income from contracts with customers (ASC 606)
37 38 31 44 42 36 25 25 21 
Other noninterest income (non-ASC 606 customer-related)
2 8 13 1 6 14 3 6 12 
Total customer-related noninterest income
39 46 44 45 48 50 28 31 33 
Other noncustomer-related noninterest income
1 2 2 — — — — — — 
Total noninterest income
40 48 46 45 48 50 28 31 33 
Net interest income
260 241 204 191 183 146 150 153 136 
Total net revenue
$300 $289 $250 $236 $231 $196 $178 $184 $169 
TCBWOtherConsolidated Bank
(In millions)202320222021202320222021202320222021
Commercial account fees
$2 $2 $2 $— $2 $1 $174 $159 $137 
Card fees
2 2 1 — — 1 146 149 135 
Retail and business banking fees
— — — — — 1 66 73 73 
Capital markets fees
— — — 4 4 6 4 4 6 
Wealth management fees1 — — (1)1 (2)53 51 46 
Other customer-related fees1 1 1 31 31 30 60 59 52 
Total noninterest income from contracts with customers (ASC 606)
6 5 4 34 38 37 503 495 449 
Other noninterest income (non-ASC 606 customer-related)
1 2 2 14 4 (6)117 119 126 
Total customer-related noninterest income
7 7 6 48 42 31 620 614 575 
Other noncustomer-related noninterest income
— — — 17 6 109 57 18 128 
Total noninterest income
7 7 6 65 48 140 677 632 703 
Net interest income
60 63 53 30 31 38 2,438 2,520 2,208 
Total net revenue
$67 $70 $59 $95 $79 $178 $3,115 $3,152 $2,911 
Revenue from contracts with customers did not generate significant contract assets and liabilities. Contract receivables are included in “Other assets” on the consolidated balance sheet. Payment terms vary by services offered, and the timing between completion of performance obligations and payment is generally not significant.