Revenue From Contracts With Customers

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue From Contracts with Customers

REVENUE FROM CONTRACTS WITH CUSTOMERS

Revenue from contracts with customers comprises the noninterest income earned by the Corporation in exchange for services provided to customers. The following table presents the composition of revenue from contracts with customers, segregated from other sources of noninterest income, by business segment.

	Commercial Bank		Retail Bank		Wealth Management		Finance & Other		Total
(in millions)
Three Months Ended March 31, 2023
Revenue from contracts with customers:
Card fees	$	58	$	10	$	1	$	—	$	69
Fiduciary income	—		—		58		—		58
Service charges on deposit accounts	31		14		1		—		46
Commercial loan servicing fees (a)	3		—		—		—		3
Capital markets income (b)	4		—		—		—		4
Brokerage fees	—		—		8		—		8
Other noninterest income (b)	—		3		3		—		6
Total revenue from contracts with customers	96		27		71		—		194
Other sources of noninterest income	57		1		2		28		88
Total noninterest income	$	153	$	28	$	73	$	28	$	282
Three Months Ended March 31, 2022
Revenue from contracts with customers:
Card fees	$	58	$	10	$	1	$	—	$	69
Fiduciary income	—		—		58		—		58
Service charges on deposit accounts	33		14		1		—		48
Commercial loan servicing fees (a) (c)	3		—		—		—		3
Capital markets income (b) (c)	2		—		—		—		2
Brokerage fees	—		—		4		—		4
Other noninterest income (b) (c)	—		5		5		—		10
Total revenue from contracts with customers	96		29		69		—		194
Other sources of noninterest income	36		(1)		3		12		50
Total noninterest income	$	132	$	28	$	72	$	12	$	244

(a)Included in commercial lending fees on the Consolidated Statements of Comprehensive Income.

(b)Excludes derivative, warrant and other miscellaneous income.

(c)Effective January 1, 2023, the Corporation reported derivative income, syndication agent fees (previously a component of commercial lending fees) and investment banking fees (previously a component of other noninterest income) as a combined item captioned by capital markets income on the Consolidated Statements of Comprehensive Income. Prior periods have been adjusted to conform to this presentation, and the changes in presentation do not impact total noninterest income.

Revenue from contracts with customers did not generate significant contract assets and liabilities.