XML 45 R22.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Operating Segment Information
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
OPERATING SEGMENT INFORMATION OPERATING SEGMENT INFORMATION
We manage our operations with a primary focus on geographic area. We conduct our operations primarily through seven separately managed affiliate banks, each with its own local branding and management team, including Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington. These affiliate banks comprise our primary business segments. Performance assessment and resource allocation are based upon this geographic structure. Our affiliate banks are supported by an enterprise operating segment (referred to as the “Other” segment) that provides governance and risk management, allocates capital, establishes strategic objectives, and includes centralized technology, back-office functions, and certain lines of business not operated through our affiliate banks.
We allocate the cost of centrally provided services to the business segments based upon estimated or actual usage of those services. We also allocate capital based on the risk-weighted assets held at each business segment. We use an internal funds transfer pricing (“FTP”) allocation process to report results of operations for business segments. This process is subject to change and refinement over time. Total average loans and deposits presented for the business segments include insignificant intercompany amounts between business segments and may also include deposits with the “Other” segment.
At March 31, 2024, Zions Bank operated 95 branches in Utah, 25 branches in Idaho, and one branch in Wyoming. CB&T operated 75 branches in California. Amegy operated 75 branches in Texas. NBAZ operated 56 branches in
Arizona. NSB operated 43 branches in Nevada. Vectra operated 34 branches in Colorado and one branch in New Mexico. TCBW operated two branches in Washington and one branch in Oregon.
Transactions between business segments are primarily conducted at fair value, resulting in profits that are eliminated for reporting consolidated results of operations. The following schedule presents average loans, average deposits, and income before income taxes because we use these metrics when evaluating performance and making decisions pertaining to the business segments. The condensed statement of income identifies the components of income and expense which affect the operating amounts presented in the “Other” segment.
The following schedule presents selected operating segment information for the three months ended March 31, 2024 and 2023:
Zions BankCB&TAmegy
(In millions)202420232024202320242023
SELECTED INCOME STATEMENT DATA
Net interest income$166 $185 $140 $160 $113 $124 
Provision for credit losses(11)24 22 — 4 11 
Net interest income after provision for credit losses
177 161 118 160 109 113 
Noninterest income43 50 26 24 42 41 
Noninterest expense144 135 101 92 113 98 
Income (loss) before income taxes
$76 $76 $43 $92 $38 $56 
SELECTED AVERAGE BALANCE SHEET DATA
Total average loans$14,726 $13,978 $14,165 $14,016 $13,115 $12,844 
Total average deposits20,735 20,953 14,406 14,644 14,871 13,287 
NBAZNSBVectra
(In millions)202420232024202320242023
SELECTED INCOME STATEMENT DATA
Net interest income$60 $64 $47 $51 $37 $41 
Provision for credit losses5 (1)(5)4 (6)3 
Net interest income after provision for credit losses
55 65 52 47 43 38 
Noninterest income10 10 12 11 6 7 
Noninterest expense48 47 43 41 34 33 
Income (loss) before income taxes
$17 $28 $21 $17 $15 $12 
SELECTED AVERAGE BALANCE SHEET DATA
Total average loans$5,651 $5,150 $3,506 $3,327 $4,039 $3,983 
Total average deposits6,859 7,179 7,200 6,972 3,450 3,707 
TCBWOtherConsolidated Bank
(In millions)202420232024202320242023
SELECTED INCOME STATEMENT DATA
Net interest income$15 $16 $8 $38 $586 $679 
Provision for credit losses4 2 — 2 13 45 
Net interest income after provision for credit losses
11 14 8 36 573 634 
Noninterest income2 2 15 15 156 160 
Noninterest expense8 6 35 60 526 512 
Income (loss) before income taxes
$5 $10 $(12)$(9)$203 $282 
SELECTED AVERAGE BALANCE SHEET DATA
Total average loans$1,728 $1,711 $977 $1,144 $57,907 $56,153 
Total average deposits1,123 1,383 4,714 2,031 73,358 70,156