XML 64 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
INTEREST INCOME      
Loans $ 4,023 $ 3,677 $ 2,773
Loans held for sale 66 52 34
Securities available for sale 409 369 329
Held-to-maturity securities 284 222 122
Trading account assets 29 27 23
Short-term investments 46 26 22
Other investments 21 17 16
Total interest income 4,878 4,390 3,319
INTEREST EXPENSE      
Deposits 517 278 171
Federal funds purchased and securities sold under repurchase agreements 11 1 1
Bank notes and other short-term borrowings 21 15 10
Long-term debt 420 319 218
Total interest expense 969 613 400
NET INTEREST INCOME 3,909 3,777 2,919
Provision for credit losses 246 229 266
Net interest income after provision for credit losses 3,663 3,548 2,653
NONINTEREST INCOME      
Trust and investment services income 499 535 464
Investment banking and debt placement fees 650 603 482
Service charges on deposit accounts 349 357 302
Operating lease income and other leasing gains 89 96 62
Corporate services income 233 219 215
Cards and payments income 270 287 233
Corporate-owned life insurance income 137 131 125
Consumer mortgage income 30 26 17
Mortgage servicing fees 82 71 57
Other income [1] 176 153 114
Total noninterest income 2,515 2,478 2,071
NONINTEREST EXPENSE      
Personnel 2,309 2,278 2,048
Net occupancy 308 331 305
Computer processing 210 225 255
Business services and professional fees 184 192 235
Equipment 105 114 98
Operating lease expense 120 92 59
Marketing 102 120 101
FDIC assessment 72 82 61
Intangible asset amortization 99 95 55
OREO expense, net 6 11 9
Other expense 460 558 530
Total noninterest expense 3,975 4,098 3,756
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 2,203 1,928 968
Income taxes 344 637 179
INCOME (LOSS) FROM CONTINUING OPERATIONS 1,859 1,291 789
Income (loss) from discontinued operations 7 7 1
NET INCOME (LOSS) 1,866 1,298 790
Less: Net income (loss) attributable to noncontrolling interests 0 2 (1)
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 1,866 1,296 791
Income (loss) from continuing operations attributable to Key common shareholders 1,793 1,219 753
Net income (loss) attributable to Key common shareholders $ 1,800 $ 1,226 $ 754
Per Common Share:      
Income (loss) from continuing operations attributable to Key common shareholders (in dollars per share) $ 1.72 $ 1.13 $ 0.81
Income (loss) from discontinued operations, net of taxes (in dollars per share) 0.01 0.01 0
Net income (loss) attributable to Key common shareholders (in dollars per share) [2] 1.73 1.14 0.81
Per Common Share — assuming dilution:      
Income (loss) from continuing operations attributable to Key common shareholders (in dollars per share) 1.70 1.12 0.80
Income (loss) from discontinued operations, net of taxes (in dollars per share) 0.01 0.01 0
Net income (loss) attributable to Key common shareholders (in dollars per share) [2] 1.71 1.13 0.80
Cash dividends declared per common share (in dollars per share) $ 0.565 $ 0.38 $ 0.33
Weighted-average common shares outstanding (000) (in shares) 1,040,890 1,072,078 927,816
Effect of convertible preferred stock (in shares) 0 0 0
Effect of common share options and other stock awards (in shares) 13,792 16,515 10,720
Weighted-average common shares and potential common shares outstanding (000) (in shares) [3] 1,054,682 1,088,593 938,536
[1] Net securities gains (losses) totaled less than $1 million for each of the years ended December 31, 2018, 2017, and 2016. For 2018, 2017, and 2016, we did not have any impairment losses related to securities.
[2] EPS may not foot due to rounding.
[3] Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable.