Revenue Recognition

3 Months Ended

Mar. 31, 2023

Revenue Recognition and Deferred Revenue [Abstract]

REVENUE RECOGNITION

REVENUE RECOGNITION

We derive our revenue primarily from interest income on loans and securities, which represented approximately 80% of our total revenue in the first quarter of 2023. Only noninterest income is considered to be revenue from contracts with customers in scope of ASC 606. For more information about our revenue recognition from contracts, see Note 17 of our 2022 Form 10-K.

Disaggregation of Revenue

The schedule below presents net revenue by our operating business segments for the three months ended March 31, 2023 and 2022.

	Zions Bank				CB&T				Amegy
(In millions)	2023		2022		2023		2022		2023		2022
Commercial account fees	$	14	$	15	$	7	$	7	$	14	$	11
Card fees	13		13		5		5		8		8
Retail and business banking fees	5		6		3		3		3		4
Capital markets fees	—		—		—		—		—		—
Wealth management fees	6		6		1		1		4		4
Other customer-related fees	2		2		1		1		2		1
Total noninterest income from contracts with customers (ASC 606)	40		42		17		17		31		28
Other noninterest income (non-ASC 606 customer-related)	7		4		5		6		8		9
Total customer-related noninterest income	47		46		22		23		39		37
Other noncustomer-related noninterest income	3		—		2		1		2		—
Total noninterest income	50		46		24		24		41		37
Net interest income	185		157		160		129		124		112
Total net revenue	$	235	$	203	$	184	$	153	$	165	$	149
	NBAZ				NSB				Vectra
(In millions)	2023		2022		2023		2022		2023		2022
Commercial account fees	$	2	$	2	$	3	$	3	$	2	$	2
Card fees	4		4		4		3		2		2
Retail and business banking fees	2		2		3		3		1		1
Capital markets fees	—		—		—		—		—		—
Wealth management fees	1		1		1		1		—		—
Other customer-related fees	—		—		—		—		1		1
Total noninterest income from contracts with customers (ASC 606)	9		9		11		10		6		6
Other noninterest income (non-ASC 606 customer-related)	1		1		—		2		1		2
Total customer-related noninterest income	10		10		11		12		7		8
Other noncustomer-related noninterest income	—		1		—		—		—		—
Total noninterest income	10		11		11		12		7		8
Net interest income	64		51		51		37		41		33
Total net revenue	$	74	$	62	$	62	$	49	$	48	$	41
	TCBW				Other				Consolidated Bank
(In millions)	2023		2022		2023		2022		2023		2022
Commercial account fees	$	1	$	1	$	—	$	—	$	43	$	41
Card fees	1		—		(1)		1		36		36
Retail and business banking fees	—		—		(1)		—		16		19
Capital markets fees	—		—		1		1		1		1
Wealth management fees	—		—		—		—		13		13
Other customer-related fees	—		—		9		9		15		14
Total noninterest income from contracts with customers (ASC 606)	2		1		8		11		124		124
Other noninterest income (non-ASC 606 customer-related)	—		—		5		3		27		27
Total customer-related noninterest income	2		1		13		14		151		151
Other noncustomer-related noninterest income	—		—		2		(11)		9		(9)
Total noninterest income	2		1		15		3		160		142
Net interest income	16		14		38		11		679		544
Total net revenue	$	18	$	15	$	53	$	14	$	839	$	686

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