Revenue Recognition Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2018

Revenue Recognition and Deferred Revenue [Abstract]

Revenue Recognition, Services, Commissions [Policy Text Block]

	Year Ended December 31,
(In millions)	2018
Card Fee Income	$	138
ATM Fees	10
Other service charges	14
Other Commissions and fees	21
Ending balance	$	183

Revenue Recognition, Deferred Revenue [Policy Text Block]

REVENUE RECOGNITION

Adoption of ASC Topic 606, “Revenue from Contracts with Customers”

On January 1, 2018, we adopted the accounting guidance in ASC Topic 606, “Revenue from Contracts with Customers” (“Topic 606”) using the modified retrospective method applied to those contracts with customers for which the performance obligations were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under Topic 605, “Revenue Recognition.” Upon adoption, the Bank has elected to use the following optional exemptions that are permitted under the Topic 606, which have been applied consistently to all contracts within all reporting periods presented:

• The Bank recognizes the incremental cost of obtaining a contract as an expense, when incurred, if the amortization period of the asset that the Bank would have recognized is one year or less.

• For performance obligations satisfied over time, if the Bank has a right to consideration from a customer in an amount that corresponds directly with the value to the customer of the Bank’s performance completed to date, the Bank will generally recognize revenue in the amount to which the Bank has a right to invoice.

• The Bank does not generally disclose information about its remaining performance obligations for those performance obligations that have an original expected duration of one year or less, or where the Bank recognizes revenue in the amount to which the Bank has a right to invoice.

The cumulative effect of adopting Topic 606 did not have a material impact to retained earnings as of January 1, 2018. The adoption of Topic 606 resulted in changes to our accounting policies, business processes, and internal controls to support the recognition, measurement and disclosure requirements under Topic 606.

Revenue Recognition

We derive our revenue primarily from interest income on loans and securities, which was more than three-quarters of our revenue for 2018, and is out of scope of ASC 606. Only noninterest income is considered to be revenue from contracts with customers in scope of ASC 606. 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. The following is a description of revenue from contracts with customers:

Service charges and fees on deposit accounts

Service charges and fees on deposit accounts typically consist of fees charged for providing customers with deposit services. These fees are primarily comprised of account analysis fees, insufficient funds fees, 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 in this revenue category 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.

Other Service charges, commissions, and fees

Other service charges, commissions, and fees primarily consist of credit and debit card interchange fees, automated teller machine (“ATM”) services, and various account services such as wires, safe deposit box, check issuance and cashing services. Revenue is recognized as the services are rendered or upon completion of services.

The Bank’s card fee income includes interchange income from credit and debit cards and net fees earned from processing card transactions for merchants. Card income is recognized as earned. Reward program costs are recorded when the rewards are earned by the customer and presented as a reduction to interchange income.

The major income categories within “Other Service charges, commissions and fees” that are in scope of ASC 606 are summarized as follows:

	Year Ended December 31,
(In millions)	2018
Card Fee Income	$	138
ATM Fees	10
Other service charges	14
Other Commissions and fees	21
Ending balance	$	183

Wealth management and trust income

Wealth management and trust income is comprised of a variety of products, including but not limited to: corporate and personal trust income, wealth management commissions, portfolio services, and advisory services. Revenue is recognized as the services are rendered or upon completion of services. Financial planning and estate services typically have performance obligations that are greater than 12 months, although the amount of future performance obligations are not significant.

Capital markets and foreign exchange

Capital markets and foreign exchange fees primarily consist of mutual fund distribution fees, municipal advisory services, and foreign exchange services provided to customers. Revenue is recognized as the services are rendered or upon completion of services.

Other noninterest income from contracts with customers

Other noninterest income from customers primarily consists of trust operations outsourcing and other various income streams. Revenue is recognized as the services are rendered or upon completion of services.

Disaggregation of Revenue

We provide services across different geographical areas, primarily in 11 Western U.S. States, under banking operations that have their own individual brand names, including Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington. The operating segment listed as “Other” includes certain nonbank financial services subsidiaries, centralized back-office functions, and eliminations of transactions between the segments.

In accordance with ASC 606, noninterest income and net revenue by operating segments are summarized as follows:

	Zions Bank			Amegy			CB&T
(In millions)	2018			2018			2018
Service charges and fees on deposit accounts	$	57		$	44		$	28
Other service charges, commissions, and fees	72			37			25
Wealth management and trust income	15			10			4
Capital markets and foreign exchange	5			(5		)	4
Other noninterest income from contracts with customers	—			—			—
Total noninterest income from contracts with customers (ASC 606)	149			86			61
Other noninterest income (Non-ASC 606 customer related)	(1		)	40			17
Total customer-related fees	148			126			78
Other noninterest income (non-customer related)	2			—			4
Total noninterest income	150			126			82
Other real estate owned gain from sale	1			—			—
Net interest income	699			519			538
Total income less interest expense	$	850		$	645		$	620

	NBAZ		NSB		Vectra
(In millions)	2018		2018		2018
Service charges and fees on deposit accounts	$	13	$	15	$	8
Other service charges, commissions, and fees	11		13		6
Wealth management and trust income	2		3		2
Capital markets and foreign exchange	1		1		1
Other noninterest income from contracts with customers	—		—		—
Total noninterest income from contracts with customers (ASC 606)	27		32		17
Other noninterest income (Non-ASC 606 customer related)	9		9		7
Total customer-related fees	36		41		24
Other noninterest income (non-customer related)	3		—		—
Total noninterest income	39		41		24
Other real estate owned gain from sale	—		—		—
Net interest income	231		151		137
Total income less interest expense	$	270	$	192	$	161

	TCBW		Other			Consolidated Bank
(In millions)	2018		2018			2018
Service charges and fees on deposit accounts	$	1	$	—		$	166
Other service charges, commissions, and fees	3		16			183
Wealth management and trust income	—		14			50
Capital markets and foreign exchange	—		5			12
Other noninterest income from contracts with customers	—		1			1
Total noninterest income from contracts with customers (ASC 606)	4		36			412
Other noninterest income (Non-ASC 606 customer related)	1		7			89
Total customer-related fees	5		43			501
Other noninterest income (non-customer related)	—		42			51
Total noninterest income	5		85			552
Other real estate owned gain from sale	—		—			1
Net interest income	55		(100		)	2,230
Total income less interest expense	$	60	$	(15	)	$	2,783

Prior to the adoption of ASC 606, noninterest income and net revenue by operating segments for 2017 and 2016 are summarized as follows:

	Zions Bank				Amegy						CB&T
(In millions)	2017		2016		2017			2016			2017			2016
Service charges and fees on deposit accounts	$	63	$	59	$	42		$	46		$	28		$	28
Other service charges, commissions, and fees	55		53		53			54			36			29
Wealth management and trust income	15		12		9			9			3			3
Loan sales and servicing income	13		20		4			6			2			2
Capital markets and foreign exchange	5		3		11			8			4			4
Total customer-related fees	151		147		119			123			73			66
Other noninterest income	—		2		(1		)	—			2			1
Total noninterest income	151		149		118			123			75			67
Other real estate owned gain (loss) from sale	—		—		—			(1		)	(1		)	(1		)
Net interest income	648		622		482			460			481			434
Total income less interest expense	$	799	$	771	$	600		$	582		$	555		$	500

	NBAZ				NSB				Vectra
(In millions)	2017		2016		2017		2016		2017		2016
Service charges and fees on deposit accounts	$	13	$	13	$	15	$	15	$	8	$	9
Other service charges, commissions, and fees	21		21		18		18		12		11
Wealth management and trust income	1		2		3		3		1		1
Loan sales and servicing income	1		1		2		3		2		2
Capital markets and foreign exchange	1		—		1		—		1		—
Total customer-related fees	37		37		39		39		24		23
Other noninterest income	3		3		1		—		1		—
Total noninterest income	40		40		40		39		25		23
Other real estate owned gain from sale	—		—		—		—		—		—
Net interest income	204		190		131		122		127		120
Total income less interest expense	$	244	$	230	$	171	$	161	$	152	$	143

	TCBW				Other						Consolidated Bank
(In millions)	2017		2016		2017			2016			2017			2016
Service charges and fees on deposit accounts	$	2	$	2	$	—		$	(1	)	$	171		$	171
Other service charges, commissions, and fees	3		3		19			19			217			208
Wealth management and trust income	—		—		10			7			42			37
Loan sales and servicing income	—		—		1			1			25			35
Capital markets and foreign exchange	—		—		7			7			30			22
Total customer-related fees	5		5		37			33			485			473
Other noninterest income	—		—		53			37			59			43
Total noninterest income	5		5		90			70			544			516
Other real estate owned gain (loss) from sale	—		—		—			—			(1		)	(2		)
Net interest income	46		38		(54		)	(119		)	2,065			1,867
Total income less interest expense	$	51	$	43	$	36		$	(49	)	$	2,608		$	2,381

Revenue from contracts with customers did not generate significant contract assets and liabilities. Contract receivables are included in Other Assets. Payment terms vary by services offered, and the timing between completion of performance obligations and payment is typically not significant.

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

	Zions Bank			Amegy			CB&T
(In millions)	2018			2018			2018
Service charges and fees on deposit accounts	$	57		$	44		$	28
Other service charges, commissions, and fees	72			37			25
Wealth management and trust income	15			10			4
Capital markets and foreign exchange	5			(5		)	4
Other noninterest income from contracts with customers	—			—			—
Total noninterest income from contracts with customers (ASC 606)	149			86			61
Other noninterest income (Non-ASC 606 customer related)	(1		)	40			17
Total customer-related fees	148			126			78
Other noninterest income (non-customer related)	2			—			4
Total noninterest income	150			126			82
Other real estate owned gain from sale	1			—			—
Net interest income	699			519			538
Total income less interest expense	$	850		$	645		$	620

	NBAZ		NSB		Vectra
(In millions)	2018		2018		2018
Service charges and fees on deposit accounts	$	13	$	15	$	8
Other service charges, commissions, and fees	11		13		6
Wealth management and trust income	2		3		2
Capital markets and foreign exchange	1		1		1
Other noninterest income from contracts with customers	—		—		—
Total noninterest income from contracts with customers (ASC 606)	27		32		17
Other noninterest income (Non-ASC 606 customer related)	9		9		7
Total customer-related fees	36		41		24
Other noninterest income (non-customer related)	3		—		—
Total noninterest income	39		41		24
Other real estate owned gain from sale	—		—		—
Net interest income	231		151		137
Total income less interest expense	$	270	$	192	$	161

	TCBW		Other			Consolidated Bank
(In millions)	2018		2018			2018
Service charges and fees on deposit accounts	$	1	$	—		$	166
Other service charges, commissions, and fees	3		16			183
Wealth management and trust income	—		14			50
Capital markets and foreign exchange	—		5			12
Other noninterest income from contracts with customers	—		1			1
Total noninterest income from contracts with customers (ASC 606)	4		36			412
Other noninterest income (Non-ASC 606 customer related)	1		7			89
Total customer-related fees	5		43			501
Other noninterest income (non-customer related)	—		42			51
Total noninterest income	5		85			552
Other real estate owned gain from sale	—		—			1
Net interest income	55		(100		)	2,230
Total income less interest expense	$	60	$	(15	)	$	2,783

Prior to the adoption of ASC 606, noninterest income and net revenue by operating segments for 2017 and 2016 are summarized as follows:

	Zions Bank				Amegy						CB&T
(In millions)	2017		2016		2017			2016			2017			2016
Service charges and fees on deposit accounts	$	63	$	59	$	42		$	46		$	28		$	28
Other service charges, commissions, and fees	55		53		53			54			36			29
Wealth management and trust income	15		12		9			9			3			3
Loan sales and servicing income	13		20		4			6			2			2
Capital markets and foreign exchange	5		3		11			8			4			4
Total customer-related fees	151		147		119			123			73			66
Other noninterest income	—		2		(1		)	—			2			1
Total noninterest income	151		149		118			123			75			67
Other real estate owned gain (loss) from sale	—		—		—			(1		)	(1		)	(1		)
Net interest income	648		622		482			460			481			434
Total income less interest expense	$	799	$	771	$	600		$	582		$	555		$	500

	NBAZ				NSB				Vectra
(In millions)	2017		2016		2017		2016		2017		2016
Service charges and fees on deposit accounts	$	13	$	13	$	15	$	15	$	8	$	9
Other service charges, commissions, and fees	21		21		18		18		12		11
Wealth management and trust income	1		2		3		3		1		1
Loan sales and servicing income	1		1		2		3		2		2
Capital markets and foreign exchange	1		—		1		—		1		—
Total customer-related fees	37		37		39		39		24		23
Other noninterest income	3		3		1		—		1		—
Total noninterest income	40		40		40		39		25		23
Other real estate owned gain from sale	—		—		—		—		—		—
Net interest income	204		190		131		122		127		120
Total income less interest expense	$	244	$	230	$	171	$	161	$	152	$	143

	TCBW				Other						Consolidated Bank
(In millions)	2017		2016		2017			2016			2017			2016
Service charges and fees on deposit accounts	$	2	$	2	$	—		$	(1	)	$	171		$	171
Other service charges, commissions, and fees	3		3		19			19			217			208
Wealth management and trust income	—		—		10			7			42			37
Loan sales and servicing income	—		—		1			1			25			35
Capital markets and foreign exchange	—		—		7			7			30			22
Total customer-related fees	5		5		37			33			485			473
Other noninterest income	—		—		53			37			59			43
Total noninterest income	5		5		90			70			544			516
Other real estate owned gain (loss) from sale	—		—		—			—			(1		)	(2		)
Net interest income	46		38		(54		)	(119		)	2,065			1,867
Total income less interest expense	$	51	$	43	$	36		$	(49	)	$	2,608		$	2,381