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Revenue Recognition
 12 Months Ended
Dec. 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 revenue in 2021. Noninterest income and 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. We recognize the incremental cost of obtaining a contract as an expense, when incurred, if the amortization period of the asset that we would have recognized is one year or less. For performance obligations satisfied over time, if we have a right to consideration from a customer in an amount that corresponds directly with the value to the customer of our performance completed to date, we will generally recognize revenue in the amount to which we have a right to invoice. We do not generally disclose information about our remaining performance obligations for those performance obligations that have an original expected duration of one year or less, or where we recognize revenue in the amount to which we have a right to invoice.
The following is a description of revenue from contracts with customers:
Commercial Account Fees
Commercial account fee income is comprised of account analysis fees, merchant fees, and payroll services income. Revenue is recognized as the services are rendered or upon completion of services.
Card Fees
Our card fee income includes interchange income from credit and debit cards, net fees earned from processing card transactions for merchants, and automated teller machine (“ATM”) services. 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.
Retail and Business Banking Fees
Retail and business banking fees typically consist of fees charged for providing customers with deposit services. These fees are primarily comprised of insufficient funds fees, noncustomer ATM charges, 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.
Capital Markets and Foreign Exchange Fees
Capital markets and foreign exchange fees primarily consist of mutual fund distribution fees, municipal advisory services, customer swap fees, loan syndication fees, and foreign exchange services provided to customers. Revenue is recognized as the services are rendered or upon completion of services.
Wealth Management Fees
Wealth management fees are primarily comprised of wealth management commissions, but also are made up of other products such as 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.
Other Customer-related Fees
Other customer-related fees consist of miscellaneous income streams, including personal and corporate trust income, as well as claims and inventory management services for certain customers. Revenue is recognized as the services are rendered or upon completion of services.
Disaggregation of Revenue
The schedule below presents noninterest income and net revenue by operating business segments. Prior period amounts have been reclassified to conform with the current period presentation, where applicable. These reclassifications did not affect net income or shareholders’ equity.
Zions BankAmegyCB&T
(In millions)202120202019202120202019202120202019
Commercial account fees
$45 $42 $41 $38 $37 $34 $25 $22 $23 
Card fees
58 49 51 29 24 28 17 14 16 
Retail and business banking fees
23 21 23 15 15 17 12 11 13 
Capital markets and foreign exchange fees
— (1)— 2 5 6 — — — 
Wealth management fees21 17 16 13 10 8 5 4 4 
Other customer-related fees7 8 3 6 7 5 4 5 2 
Total noninterest income from contracts with customers (ASC 606)
154 136 134 103 98 98 63 56 58 
Other noninterest income (Non-ASC 606 customer related)
21 23 12 36 34 40 34 36 28 
Total customer-related fees
175 159 146 139 132 138 97 92 86 
Other noninterest income (noncustomer-related)
10 (1)1 2 1 — 5 3 2 
Total noninterest income
185 158 147 141 133 138 102 95 88 
Other real estate owned gain from sale— — 3 — — — — 1 — 
Net interest income
634 650 688 463 485 489 537 512 512 
Total income less interest expense
$819 $808 $838 $604 $618 $627 $639 $608 $600 
NBAZNSBVectra
(In millions)202120202019202120202019202120202019
Commercial account fees
$7 $7 $7 $9 $8 $8 $7 $6 $6 
Card fees
11 10 11 12 10 12 6 5 6 
Retail and business banking fees
9 8 8 10 9 11 4 4 5 
Capital markets and foreign exchange fees
— — — — — — — — — 
Wealth management fees3 2 2 4 3 3 2 1 2 
Other customer-related fees1 1 1 1 1 1 2 3 — 
Total noninterest income from contracts with customers (ASC 606)
31 28 29 36 31 35 21 19 19 
Other noninterest income (Non-ASC 606 customer related)
13 12 12 14 12 8 12 13 7 
Total customer-related fees
44 40 41 50 43 43 33 32 26 
Other noninterest income (noncustomer-related)
2 1 1 — — — — — — 
Total noninterest income
46 41 42 50 43 43 33 32 26 
Other real estate owned gain from sale— — — — — 1 — — — 
Net interest income
205 216 223 147 146 148 136 135 135 
Total income less interest expense
$251 $257 $265 $197 $189 $192 $169 $167 $161 
TCBWOtherConsolidated Bank
(In millions)202120202019202120202019202120202019
Commercial account fees
$2 $1 $2 $1 $2 $— $134 $125 $121 
Card fees
1 1 1 1 — 2 135 113 127 
Retail and business banking fees
— — — — — 1 73 68 78 
Capital markets and foreign exchange fees
— — — 7 8 7 9 12 13 
Wealth management fees— — 1 (2)1 (2)46 38 34 
Other customer-related fees1 1 — 30 20 29 52 46 41 
Total noninterest income from contracts with customers (ASC 606)
4 3 4 37 31 37 449 402 414 
Other noninterest income (Non-ASC 606 customer related)
2 2 1 (6)15 3 126 147 111 
Total customer-related fees
6 5 5 31 46 40 575 549 525 
Other noninterest income (noncustomer-related)
— — — 109 21 33 128 25 37 
Total noninterest income
6 5 5 140 67 73 703 574 562 
Other real estate owned gain from sale— — — — — — — 1 4 
Net interest income
54 52 53 32 20 24 2,208 2,216 2,272 
Total income less interest expense
$60 $57 $58 $172 $87 $97 $2,911 $2,791 $2,838