Revenue Recognition

3 Months Ended

Mar. 31, 2021

Revenue Recognition and Deferred Revenue [Abstract]

REVENUE RECOGNITION

REVENUE RECOGNITION

We derive our revenue primarily from interest income on loans and securities, which was approximately 76% of our total income in the first quarter of 2021. Only noninterest income is considered to be revenue from contracts with customers in scope of ASC 606. For a discussion of our revenue recognition from contracts, and the implementation of ASC 606, see Note 17 of our 2020 Form 10-K.

Disaggregation of Revenue

The schedule below presents noninterest income and net revenue by operating business segments for the three months ended March 31, 2021 and 2020. Certain prior period amounts have been reclassified to conform with the current period presentation. These reclassifications did not affect net income or shareholders’ equity.

	Zions Bank				Amegy				CB&T
(In millions)	2021		2020		2021		2020		2021		2020
Commercial account fees	$	11	$	11	$	9	$	9	$	6	$	6
Card fees	13		12		6		6		4		4

Retail and business banking fees	5		5		4		4		3		3
Capital markets and foreign exchange fees	—		—		1		2		—		—
Wealth management fees	5		4		3		3		1		1
Other customer-related fees	1		2		1		2		1		2
Total noninterest income from contracts with customers (ASC 606)	35		34		24		26		15		16
Other noninterest income (Non-ASC 606 customer related)	5		5		8		9		8		8
Total customer-related fees	40		39		32		35		23		24
Other noninterest income (noncustomer-related)	(1)		(1)		—		1		1		1
Total noninterest income	39		38		32		36		24		25
Other real estate owned gain from sale	—		—		—		—		—		—
Net interest income	157		163		116		120		131		124
Total income less interest expense	$	196	$	201	$	148	$	156	$	155	$	149
	NBAZ				NSB				Vectra
(In millions)	2021		2020		2021		2020		2021		2020
Commercial account fees	$	2	$	2	$	2	$	2	$	2	$	2
Card fees	2		3		3		3		1		1
Retail and business banking fees	2		2		3		3		1		1
Capital markets and foreign exchange fees	—		—		—		—		—		—
Wealth management fees	1		1		1		1		—		—
Other customer-related fees	—		—		—		—		1		1
Total noninterest income from contracts with customers (ASC 606)	7		8		9		9		5		5
Other noninterest income (Non-ASC 606 customer related)	4		3		4		2		3		3
Total customer-related fees	11		11		13		11		8		8
Other noninterest income (noncustomer-related)	—		—		—		—		—		—
Total noninterest income	11		11		13		11		8		8
Other real estate owned gain from sale	—		—		—		—		—		—
Net interest income	52		54		37		35		34		33
Total income less interest expense	$	63	$	65	$	50	$	46	$	42	$	41
	TCBW				Other				Consolidated Bank
(In millions)	2021		2020		2021		2020		2021		2020
Commercial account fees	$	1	$	1	$	(1)	$	(2)	$	32	$	31
Card fees	—		—		—		1		29		30
Retail and business banking fees	—		—		(1)		1		17		19
Capital markets and foreign exchange fees	—		—		1		1		2		3
Wealth management fees	—		—		—		—		11		10
Other customer-related fees	—		—		7		4		11		11
Total noninterest income from contracts with customers (ASC 606)	1		1		6		5		102		104
Other noninterest income (Non-ASC 606 customer related)	—		—		(1)		9		31		39
Total customer-related fees	1		1		5		14		133		143
Other noninterest income (noncustomer-related)	—		—		36		(10)		36		(9)
Total noninterest income	1		1		41		4		169		134
Other real estate owned gain from sale	—		—		—		—		—		—
Net interest income	13		12		5		7		545		548
Total income less interest expense	$	14	$	13	$	46	$	11	$	714	$	682

d

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.