XML 89 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
INTEREST INCOME    
Loans $ 536 $ 570
Loans held for sale 5 4
Securities available for sale 116 166
Held-to-maturity securities 12  
Trading account assets 6 7
Short-term investments 1 1
Other investments 8 12
Total interest income 684 760
INTEREST EXPENSE    
Deposits 77 110
Federal funds purchased and securities sold under repurchase agreements 1 1
Bank notes and other short-term borrowings 2 3
Long-term debt 51 49
Total interest expense 131 163
NET INTEREST INCOME 553 597
Provision (credit) for loan and lease losses 42 (40)
Net interest income (expense) after provision for loan and lease losses 511 637
NONINTEREST INCOME    
Trust and investment services income 109 110
Service charges on deposit accounts 68 68
Operating lease income 22 35
Letter of credit and loan fees 54 55
Corporate-owned life insurance income 30 27
Net securities gains (losses)(a)   (1) [1]
Electronic banking fees 17 30
Gains on leased equipment 27 4
Insurance income 12 15
Net gains (losses) from loan sales 22 19
Net gains (losses) from principal investing 35 35
Investment banking and capital markets income (loss) 43 43
Other income 33 17
Total noninterest income 472 457
NONINTEREST EXPENSE    
Personnel 385 371
Net occupancy 64 65
Operating lease expense 17 28
Computer processing 41 42
Business services and professional fees 38 38
FDIC assessment 8 29
OREO expense, net 6 10
Equipment 26 26
Marketing 13 10
Provision (credit) for losses on lending-related commitments   (4)
Other expense 105 86
Total noninterest expense 703 701
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 280 393
Income taxes 75 111
INCOME (LOSS) FROM CONTINUING OPERATIONS 205 282
Income (loss) from discontinued operations, net of taxes of ($2) and ($6) (see Note 11) (5) (11)
NET INCOME (LOSS) 200 271
Less: Net income (loss) attributable to noncontrolling interests   8
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 200 263
Income (loss) from continuing operations attributable to Key common shareholders 199 184
Net income (loss) attributable to Key common shareholders $ 194 $ 173
Per common share:    
Income (loss) from continuing operations attributable to Key common shareholders $ 0.21 $ 0.21
Income (loss) from discontinued operations, net of taxes $ (0.01) $ (0.01)
Net income (loss) attributable to Key common shareholders $ 0.20 $ 0.20
Per common share - assuming dilution:    
Income (loss) from continuing operations attributable to Key common shareholders $ 0.21 $ 0.21
Income (loss) from discontinued operations, net of taxes $ (0.01) $ (0.01)
Net income (loss) attributable to Key common shareholders (c) $ 0.20 [2] $ 0.19 [2]
Cash dividends declared per common share $ 0.03 $ 0.01
Weighted-average common shares outstanding (000) (b) 949,342 [3] 881,894 [3]
Weighted-average common shares and potential common shares outstanding (000) 953,971 887,836
[1] For the three months ended March 31, 2012 and 2011, we did not have any impairment losses related to securities
[2] Assumes conversion of stock options and/or Preferred Series A, as applicable.
[3] The assets of the VIEs can only be used by the particular VIE and there is no recourse to Key with respect to the liabilities of the consolidated LIHTC or education loan securitization trust VIEs.