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Operating Segment Information
 6 Months Ended
Jun. 30, 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 June 30, 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 June 30, 2024 and 2023:
Zions BankCB&TAmegy
(In millions)202420232024202320242023
SELECTED INCOME STATEMENT DATA
Net interest income$171 $178 $144 $152 $119 $116 
Provision for credit losses(7)7 (5)15 14 12 
Net interest income after provision for credit losses
178 171 149 137 105 104 
Noninterest income47 49 30 35 42 55 
Noninterest expense151 138 103 94 116 100 
Income (loss) before income taxes
$74 $82 $76 $78 $31 $59 
SELECTED AVERAGE BALANCE SHEET DATA
Total average loans$14,893 $14,250 $14,127 $14,152 $13,345 $12,880 
Total average deposits20,906 19,191 14,539 13,333 14,612 11,873 
NBAZNSBVectra
(In millions)202420232024202320242023
SELECTED INCOME STATEMENT DATA
Net interest income$59 $64 $49 $49 $36 $38 
Provision for credit losses(1)4 7 7 — 2 
Net interest income after provision for credit losses
60 60 42 42 36 36 
Noninterest income10 11 16 11 7 7 
Noninterest expense51 45 45 42 36 34 
Income (loss) before income taxes
$19 $26 $13 $11 $7 $9 
SELECTED AVERAGE BALANCE SHEET DATA
Total average loans$5,595 $5,243 $3,547 $3,427 $4,088 $3,998 
Total average deposits6,929 6,873 7,207 6,630 3,475 3,271 
TCBWOtherConsolidated Bank
(In millions)202420232024202320242023
SELECTED INCOME STATEMENT DATA
Net interest income$15 $15 $4 $(21)$597 $591 
Provision for credit losses(1)— (2)(1)5 46 
Net interest income after provision for credit losses
16 15 6 (20)592 545 
Noninterest income2 2 25 19 179 189 
Noninterest expense8 6 (1)49 509 508 
Income (loss) before income taxes
$10 $11 $32 $(50)$262 $226 
SELECTED AVERAGE BALANCE SHEET DATA
Total average loans$1,755 $1,689 $941 $1,040 $58,291 $56,679 
Total average deposits1,108 1,099 5,452 7,379 74,228 69,649 
The following schedule presents selected operating segment information for the six months ended June 30, 2024 and 2023:
Zions BankCB&TAmegy
(In millions)202420232024202320242023
SELECTED INCOME STATEMENT DATA
Net interest income$336 $363 $284 $311 $232 $240 
Provision for credit losses(18)31 17 15 18 23 
Net interest income after provision for credit losses
354 332 267 296 214 217 
Noninterest income90 99 56 59 83 96 
Noninterest expense291 273 204 186 229 198 
Income (loss) before income taxes
$153 $158 $119 $169 $68 $115 
SELECTED AVERAGE BALANCE SHEET DATA
Total average loans$14,808 $14,115 $14,146 $14,084 $13,230 $12,862 
Total average deposits20,820 20,067 14,473 13,985 14,742 12,576 
NBAZNSBVectra
(In millions)202420232024202320242023
SELECTED INCOME STATEMENT DATA
Net interest income$119 $129 $96 $99 $73 $79 
Provision for credit losses5 4 2 11 (6)6 
Net interest income after provision for credit losses
114 125 94 88 79 73 
Noninterest income20 21 28 23 13 13 
Noninterest expense99 92 89 82 70 67 
Income (loss) before income taxes
$35 $54 $33 $29 $22 $19 
SELECTED AVERAGE BALANCE SHEET DATA
Total average loans$3,527 $5,197 $3,527 $3,377 $4,063 $3,990 
Total average deposits7,203 7,025 7,203 6,800 3,463 3,488 
TCBWOtherConsolidated Bank
(In millions)202420232024202320242023
SELECTED INCOME STATEMENT DATA
Net interest income$29 $31 $14 $18 $1,183 $1,270 
Provision for credit losses3 2 (3)(1)18 91 
Net interest income after provision for credit losses
26 29 17 19 1,165 1,179 
Noninterest income3 3 42 35 335 349 
Noninterest expense17 13 36 109 1,035 1,020 
Income (loss) before income taxes
$12 $19 $23 $(55)$465 $508 
SELECTED AVERAGE BALANCE SHEET DATA
Total average loans$1,741 $1,700 $962 $1,092 $58,100 $56,417 
Total average deposits1,115 1,240 5,083 4,720 73,793 69,901