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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
INTEREST INCOME        
Loans $ 1,134 $ 882 $ 2,894 $ 2,659
Loans held for sale 14 13 36 35
Securities available for sale 196 135 557 398
Held-to-maturity securities 55 43 149 133
Trading account assets 8 4 21 14
Short-term investments 32 9 49 20
Other investments 5 1 11 5
Total interest income 1,444 1,087 3,717 3,264
INTEREST EXPENSE        
Deposits 59 15 93 52
Federal funds purchased and securities sold under repurchase agreements 19 0 25 0
Bank notes and other short-term borrowings 24 2 36 6
Long-term debt 146 54 256 168
Total interest expense 248 71 410 226
NET INTEREST INCOME 1,196 1,016 3,307 3,038
Provision for credit losses 109 (107) 237 (422)
Net interest income after provision for credit losses 1,087 1,123 3,070 3,460
NONINTEREST INCOME        
Trust and investment services income 127 129 400 395
Investment banking and debt placement fees 154 235 466 614
Service charges on deposit accounts 92 91 279 247
Operating lease income and other leasing gains 19 37 79 111
Corporate services income 96 74 283 212
Cards and payments income 91 111 256 329
Corporate-owned life insurance income 33 33 99 94
Consumer mortgage income 14 33 49 106
Commercial mortgage servicing fees 44 34 125 112
Other income [1] 13 20 11 65
Total noninterest income 683 797 2,047 2,285
NONINTEREST EXPENSE        
Personnel 655 640 1,892 1,887
Net occupancy 72 74 223 225
Computer processing 77 67 232 211
Business services and professional fees 47 56 152 157
Equipment 23 25 72 75
Operating lease expense 24 30 79 95
Marketing 30 32 92 89
Other expense 178 188 512 520
Total noninterest expense 1,106 1,112 3,254 3,259
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 664 808 1,863 2,486
Income taxes 124 165 346 501
INCOME (LOSS) FROM CONTINUING OPERATIONS 540 643 1,517 1,985
Income (loss) from discontinued operations 2 2 6 11
NET INCOME (LOSS) 542 645 1,523 1,996
Less: Net income (loss) attributable to noncontrolling interests 0 0 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 542 645 1,523 1,996
Income (loss) from continuing operations attributable to Key common shareholders 513 616 1,437 1,905
Net income (loss) attributable to Key common shareholders $ 515 $ 618 $ 1,443 $ 1,916
Per Common Share:        
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) $ 0.55 $ 0.65 $ 1.55 $ 1.99
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0 0.01 0.01
Net income (loss) attributable to Key common shareholders (in usd per share) [2] 0.55 0.66 1.56 2.00
Per Common Share — assuming dilution:        
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) 0.55 0.65 1.54 1.98
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0 0.01 0.01
Net income (loss) attributable to Key common shareholders (in usd per share) [2] $ 0.55 $ 0.65 $ 1.55 $ 1.99
Weighted-average common shares outstanding (in shares) 924,594 942,446 924,085 955,069
Effect of common share options and other stock awards (in shares) 7,861 10,077 8,679 9,712
Weighted-average Common Shares and potential Common Shares outstanding (in shares) [3] 932,455 952,523 932,764 964,781
[1] For the three and nine months ended September 30, 2022, we had a $9 million gain in net securities. For the three months ended September 30, 2021, we had a $9 million gain in net securities. For the three and nine months ended September 30, 2022, and September 30, 2021, 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.