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Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
INTEREST INCOME        
Loans $ 518 $ 551 $ 1,054 $ 1,121
Loans held for sale 5 3 10 7
Securities available for sale 105 149 221 315
Held-to-maturity securities 17 1 29 1
Trading account assets 5 9 11 16
Short-term investments 2 1 3 2
Other investments 10 12 18 24
Total interest income 662 726 1,346 1,486
INTEREST EXPENSE        
Deposits 71 100 148 210
Federal funds purchased and securities sold under repurchase agreements 1 2 2 3
Bank notes and other short-term borrowings 2 3 4 6
Long-term debt 50 57 101 106
Total interest expense 124 162 255 325
NET INTEREST INCOME 538 564 1,091 1,161
Provision (credit) for loan and lease losses 21 (8) 63 (48)
Net interest income (expense) after provision for loan and lease losses 517 572 1,028 1,209
NONINTEREST INCOME        
Trust and investment services income 102 113 211 223
Service charges on deposit accounts 70 69 138 137
Operating lease income 20 32 42 67
Letter of credit and loan fees 56 47 110 102
Corporate-owned life insurance income 30 28 60 55
Net securities gains (losses)(a)   2 [1]   1 [1]
Electronic banking fees 19 33 36 63
Gains on leased equipment 36 5 63 9
Insurance income 11 14 23 29
Net gains (losses) from loan sales 32 11 54 30
Net gains (losses) from principal investing 24 17 59 52
Investment banking and capital markets income (loss) 37 42 80 85
Other income 48 41 81 58
Total noninterest income 485 454 957 911
NONINTEREST EXPENSE        
Personnel 389 380 774 751
Net occupancy 62 62 126 127
Operating lease expense 15 25 32 53
Computer processing 43 42 84 84
Business services and professional fees 51 44 89 82
FDIC assessment 8 9 16 38
OREO expense, net 7 (3) 13 7
Equipment 27 26 53 52
Marketing 17 10 30 20
Provision (credit) for losses on lending-related commitments 6 (12) 6 (16)
Other expense 89 97 194 183
Total noninterest expense 714 680 1,417 1,381
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 288 346 568 739
Income taxes 57 94 132 205
INCOME (LOSS) FROM CONTINUING OPERATIONS 231 252 436 534
Income (loss) from discontinued operations, net of taxes of $6, ($6), $3 and ($12) (see Note 11) 10 (9) 5 (20)
NET INCOME (LOSS) 241 243 441 514
Less: Net income (loss) attributable to noncontrolling interests 5 3 5 11
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 236 240 436 503
Income (loss) from continuing operations attributable to Key common shareholders 221 243 420 427
Net income (loss) attributable to Key common shareholders $ 231 $ 234 $ 425 $ 407
Per common share:        
Income (loss) from continuing operations attributable to Key common shareholders $ 0.23 $ 0.26 $ 0.44 $ 0.47
Income (loss) from discontinued operations, net of taxes $ 0.01 $ (0.01) $ 0.01 $ (0.02)
Net income (loss) attributable to Key common shareholders $ 0.24 $ 0.25 $ 0.45 $ 0.44
Per common share - assuming dilution:        
Income (loss) from continuing operations attributable to Key common shareholders $ 0.23 $ 0.26 $ 0.44 $ 0.46
Income (loss) from discontinued operations, net of taxes $ 0.01 $ (0.01) $ 0.01 $ (0.02)
Net income (loss) attributable to Key common shareholders (c) $ 0.24 [2] $ 0.25 [2] $ 0.45 [2] $ 0.44 [2]
Cash dividends declared per common share $ 0.05 $ 0.03 $ 0.08 $ 0.04
Weighted-average common shares outstanding (000) (b) 944,648 [3] 947,565 [3] 946,995 [3] 914,911 [3]
Weighted-average common shares and potential common shares outstanding (000) 948,087 952,133 951,029 920,162
[1] For the three months ended June 30, 2012 and 2011, we did not have any impairment losses related to securities.
[2] EPS may not foot due to rounding.
[3] Assumes conversion of stock options and/or Preferred Series A, as applicable.