Discontinued — last reported Q4 '23
Service charges on deposit accounts — RevenueFromContractWithCustomerExcludingAssessedTax
Regions Financial Service charges on deposit accounts — RevenueFromContractWithCustomerExcludingAssessedTax remained flat by 0.0% to $148.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 7.6%, from $160.25M to $148.00M. Over 2 years (FY 2021 to FY 2023), Service charges on deposit accounts — RevenueFromContractWithCustomerExcludingAssessedTax shows relatively stable performance with a -4.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates strong growth in fee-generating banking services, whereas a decrease signals potential customer attrition or a reduction in service-based revenue streams.
Detailed definition
This metric measures the revenue recognized from contracts with customers specifically related to deposit account servic...
Peer comparison
Comparable to 'Service Charges on Deposit Accounts' reported under ASC 606 revenue recognition standards by peer financial institutions.
rf_segment_service_charges_on_deposit_accounts_revenuefromcontractwithcustomerexcludingassessedtaxHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $648.00M | $641.00M | $592.00M |
| YoY Change | — | -1.1% | -7.6% |
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Frequently Asked Questions
- What is Regions Financial's service charges on deposit accounts — revenuefromcontractwithcustomerexcludingassessedtax?
- Regions Financial (RF) reported service charges on deposit accounts — revenuefromcontractwithcustomerexcludingassessedtax of $148.00M in Q4 2023.
- How has Regions Financial's service charges on deposit accounts — revenuefromcontractwithcustomerexcludingassessedtax changed year-over-year?
- Regions Financial's service charges on deposit accounts — revenuefromcontractwithcustomerexcludingassessedtax decreased by 7.6% year-over-year, from $160.25M to $148.00M.
- What is the long-term trend for Regions Financial's service charges on deposit accounts — revenuefromcontractwithcustomerexcludingassessedtax?
- Over 2 years (2021 to 2023), Regions Financial's service charges on deposit accounts — revenuefromcontractwithcustomerexcludingassessedtax has grown at a -4.4% compound annual growth rate (CAGR), from $648.00M to $592.00M.
- What does service charges on deposit accounts — revenuefromcontractwithcustomerexcludingassessedtax mean?
- The core revenue earned from deposit account service contracts, excluding tax-related adjustments.