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Revenue from contracts with customers
12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from contracts with customers 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 December 31, 2024 and 2023, the Company had $72 million and $68 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 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 December 31, 2024 and 2023, the Company had deferred revenue of $57 million and $54 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 2024, 2023 and 2022 that are subject to the revenue recognition guidance.
(Dollars in millions)Commercial BankRetail BankInstitutional Services and Wealth ManagementTotal
Year Ended December 31, 2024
Classification in Consolidated Statement of Income
Service charges on deposit accounts$160 $353 $$514 
Trust income— 672 675 
Brokerage services income— 115 121 
Other revenues from operations:
Merchant discount and credit card interchange fees
74 88 — 162 
Other29 30 10 69 
$272 $471 $798 $1,541 
Year Ended December 31, 2023
Classification in Consolidated Statement of Income
Service charges on deposit accounts$144 $330 $$475 
Trust income— 678 680 
Brokerage services income— 96 102 
Other revenues from operations:
Merchant discount and credit card interchange fees
77 84 — 161 
Other28 30 66 
$257 $444 $783 $1,484 
Year Ended December 31, 2022
Classification in Consolidated Statement of Income
Service charges on deposit accounts$130 $317 $— $447 
Trust income— — 741 741 
Brokerage services income— 83 88 
Other revenues from operations:
Merchant discount and credit card interchange fees
73 86 — 159 
Other24 28 38 90 
$232 $431 $862 $1,525