XML 61 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
INTEREST INCOME    
Loans $ 1,066 $ 940
Loans held for sale 13 12
Securities available for sale 129 95
Held-to-maturity securities 68 69
Trading account assets 8 7
Short-term investments 16 8
Other investments 4 6
Total interest income 1,304 1,137
INTEREST EXPENSE    
Deposits 202 91
Federal funds purchased and securities sold under repurchase agreements 1 4
Bank notes and other short-term borrowings 4 6
Long-term debt 120 92
Total interest expense 327 193
NET INTEREST INCOME 977 944
Provision for credit losses 62 61
Net interest income after provision for credit losses 915 883
NONINTEREST INCOME    
Trust and investment services income 115 133
Investment banking and debt placement fees 110 143
Service charges on deposit accounts 82 89
Operating lease income and other leasing gains 37 32
Corporate services income 55 62
Cards and payments income 66 62
Corporate-owned life insurance income 32 32
Consumer mortgage income 8 7
Mortgage servicing fees 21 20
Other income [1] 10 21
Total noninterest income 536 601
NONINTEREST EXPENSE    
Personnel 563 594
Net occupancy 72 78
Computer processing 54 52
Business services and professional fees 44 41
Equipment 24 26
Operating lease expense 26 27
Marketing 19 25
FDIC assessment 7 21
Intangible asset amortization 22 29
OREO expense, net 3 2
Other expense 129 111
Total noninterest expense 963 1,006
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 488 478
Income taxes 82 62
INCOME (LOSS) FROM CONTINUING OPERATIONS 406 416
Income (loss) from discontinued operations 1 2
NET INCOME (LOSS) 407 418
Less: Net income (loss) attributable to noncontrolling interests 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 407 418
Income (loss) from continuing operations attributable to Key common shareholders 386 402
Net income (loss) attributable to Key common shareholders $ 387 $ 404
Per Common Share:    
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) $ 0.38 $ 0.38
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0
Net income (loss) attributable to Key common shareholders (in usd per share) [2] 0.38 0.38
Per Common Share — assuming dilution:    
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) 0.38 0.38
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0
Net income (loss) attributable to Key common shareholders (in usd per share) [2] 0.38 0.38
Cash dividends declared per common share (in usd per share) $ 0.17 $ 0.105
Weighted-average common shares outstanding (000) (in shares) 1,006,717 1,056,037
Effect of common share options and other stock awards (in shares) 9,787 15,749
Weighted-average common shares and potential common shares outstanding (in shares) [3] 1,016,504 1,071,786
[1] For the three months ended March 31, 2019, and March 31, 2018, net securities gains totaled less than $1 million. For the three months ended March 31, 2019, and March 31, 2018, 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.