Revenue from contracts with customers

3 Months Ended

Mar. 31, 2023

Revenue From Contract With Customer [Abstract]

Revenue from contracts with customers

6. Revenue from contracts with customers

The Company generally charges customer accounts or otherwise bills customers upon completion of its services. Typically the Company’s contracts with customers have a duration of one year or less and payment for services is received at least annually, but oftentimes more frequently as services are provided. At March 31, 2023 and December 31, 2022, the Company had $68 million and $74 million, respectively, of amounts receivable related to recognized revenue from the sources in the accompanying tables. Such amounts are classified in accrued interest and other assets in the Company’s consolidated balance sheet. In certain situations the Company is paid in advance of providing services and defers the recognition of revenue until its service obligation is satisfied. At March 31, 2023 and December 31, 2022, the Company had deferred revenue of $45 million and $48 million, respectively, related to the sources in the accompanying tables recorded in accrued interest and other liabilities in the consolidated balance sheet.

The following tables summarize sources of the Company’s noninterest income during the three-month periods ended March 31, 2023 and 2022 that are subject to the revenue recognition accounting guidance.

	Business Banking		Commercial Banking		Commercial Real Estate		Discretionary Portfolio		Residential Mortgage Banking		Retail Banking		All Other		Total
Three Months Ended March 31, 2023	(In thousands)
Classification in consolidated    statement of income
Service charges on deposit accounts	$	19,470		28,473		4,186		—		—		59,452		1,965	$	113,546
Trust income		10		—		—		—		—		—		193,792		193,802
Brokerage services income		—		—		—		—		—		—		24,041		24,041
Other revenues from operations:
Merchant discount and credit card fees		14,258		15,791		1,087		—		—		5,361		305		36,802
Other		—		4,671		1,186		21		340		7,406		1,030		14,654
	$	33,738		48,935		6,459		21		340		72,219		221,133	$	382,845
Three Months Ended March 31, 2022
Classification in consolidated    statement of income
Service charges on deposit accounts	$	14,681		25,571		3,478		—		—		56,347		1,430	$	101,507
Trust income		—		—		—		—		—		—		169,213		169,213
Brokerage services income		—		—		—		—		—		—		20,190		20,190
Other revenues from operations:
Merchant discount and credit card fees		12,805		13,459		874		—		—		4,510		107		31,755
Other		—		1,903		2,464		693		1,729		5,099		12,891		24,779
	$	27,486		40,933		6,816		693		1,729		65,956		203,831	$	347,444