Business Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Financial Information of Business Groups

The table below shows selected financial data for our business segments for the three- and nine-month periods ended September 30, 2022, and September 30, 2021. Capital is assigned to each business segment based on a combination of regulatory and economic equity.

Three months ended September 30,	Consumer Bank						Commercial Bank						Other						Total Key
Dollars in millions	2022			2021			2022			2021			2022			2021			2022			2021
SUMMARY OF OPERATIONS
Net interest income (TE)	$	632		$	582		$	495		$	407		$	76		$	36		$	1,203		$	1,025
Noninterest income	259			288			394			477			30			32			683			797
Total revenue (TE) (a)	891			870			889			884			106			68			1,886			1,822
Provision for credit losses	37			(38)			74			(69)			(2)			—			109			(107)
Depreciation and amortization expense	22			23			28			34			18			18			68			75
Other noninterest expense	645			568			422			436			(29)			33			1,038			1,037
Income (loss) from continuing operations before income taxes (TE)	187			317			365			483			119			17			671			817
Allocated income taxes and TE adjustments	45			76			70			104			16			(6)			131			174
Income (loss) from continuing operations	142			241			295			379			103			23			540			643
Income (loss) from discontinued operations, net of taxes	—			—			—			—			2			2			2			2
Net income (loss)	142			241			295			379			105			25			542			645
Less: Net income (loss) attributable to noncontrolling interests	—			—			—			—			—			—			—			—
Net income (loss) attributable to Key	$	142		$	241		$	295		$	379		$	105		$	25		$	542		$	645
AVERAGE BALANCES (b)
Loans and leases	$	42,568		$	39,854		$	71,464		$	59,856		$	386		$	428		$	114,418		$	100,138
Total assets (a)	45,638			43,039			81,898			69,227			60,656			69,105			188,192			181,371
Deposits	90,044			89,278			52,272			56,401			1,913			1,237			144,229			146,916
OTHER FINANCIAL DATA
Net loan charge-offs (b)	$	17		$	35		$	27		$	(6)		$	(1)		$	—		$	43		$	29
Return on average allocated equity (b)	16.20		%	25.81		%	12.63		%	18.02		%	21.83		%	1.56		%	14.66		%	14.25		%
Return on average allocated equity	16.20			25.81			12.63			18.02			22.25			1.70			14.71			14.30
Average full-time equivalent employees (c)	8,114			7,976			2,523			2,371			7,270			6,662			17,907			17,009

(a)Substantially all revenue generated by our major business segments is derived from clients that reside in the United States. Substantially all long-lived assets, including premises and equipment, capitalized software, and goodwill held by our major business segments, are located in the United States.

(b)From continuing operations.

(c)The number of average full-time equivalent employees was not adjusted for discontinued operations.

Nine months ended September 30,	Consumer Bank						Commercial Bank						Other							Total Key
Dollars in millions	2022			2021			2022			2021			2022				2021			2022			2021
SUMMARY OF OPERATIONS
Net interest income (TE)	$	1,745		$	1,789		$	1,347		$	1,234		$	235			$	37		$	3,327		$	3,060
Noninterest income	769			798			1,192			1,379			86				108			2,047			2,285
Total revenue (TE) (a)	2,514			2,587			2,539			2,613			321				145			5,374			5,345
Provision for credit losses	88			(132)			152			(267)			(3)				(23)			237			(422)
Depreciation and amortization expense	65			61			89			101			53				64			207			226
Other noninterest expense	1,941			1,717			1,184			1,263			(78)				53			3,047			3,033
Income (loss) from continuing operations before income taxes (TE)	420			941			1,114			1,516			349				51			1,883			2,508
Allocated income taxes and TE adjustments	101			226			218			322			47				(25)			366			523
Income (loss) from continuing operations	319			715			896			1,194			302				76			1,517			1,985
Income (loss) from discontinued operations, net of taxes	—			—			—			—			6				11			6			11
Net income (loss)	319			715			896			1,194			308				87			1,523			1,996
Less: Net income (loss) attributable to noncontrolling interests	—			—			—			—			—				—			—			—
Net income (loss) attributable to Key	$	319		$	715		$	896		$	1,194		$	308		(d)	$	87		$	1,523		$	1,996
AVERAGE BALANCES (b)
Loans and leases	$	40,697		$	39,954		$	68,016		$	60,287		$	431			$	321		$	109,144		$	100,562
Total assets (a)	43,782			43,165			78,536			69,536			62,471				64,493			184,789			177,194
Deposits	90,939			87,667			54,768			54,309			1,559				1,047			147,266			143,023
OTHER FINANCIAL DATA
Net loan charge-offs (b)	$	62		$	105		$	59		$	81		(1)				(21)			$	120		$	165
Return on average allocated equity (b)	11.90		%	26.70		%	13.37		%	18.65		%	14.88		%		1.78		%	13.29		%	14.87		%
Return on average allocated equity	11.90			26.70			13.37			18.65			15.17				2.04			13.35			14.96
Average full-time equivalent employees (c)	8,013			8,062			2,441			2,371			7,023				6,601			17,477			17,034

(a)Substantially all revenue generated by our major business segments is derived from clients that reside in the United States. Substantially all long-lived assets, including premises and equipment, capitalized software, and goodwill held by our major business segments, are located in the United States.

(b)From continuing operations.

(c)The number of average full-time equivalent employees was not adjusted for discontinued operations.