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Consolidated Statements of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
INTEREST INCOME        
Loans $ 539 $ 518 $ 1,087 $ 1,054
Loans held for sale 5 5 9 10
Securities available for sale 80 105 160 221
Held-to-maturity securities 20 17 38 29
Trading account assets 4 5 10 11
Short-term investments 1 2 3 3
Other investments 8 10 17 18
Total interest income 657 662 1,324 1,346
INTEREST EXPENSE        
Deposits 42 71 87 148
Federal funds purchased and securities sold under repurchase agreements   1 1 2
Bank notes and other short-term borrowings 2 2 3 4
Long-term debt 32 50 69 101
Total interest expense 76 124 160 255
NET INTEREST INCOME 581 538 1,164 1,091
Provision (credit) for loan and lease losses 28 21 83 63
Net interest income (expense) after provision for loan and lease losses 553 517 1,081 1,028
NONINTEREST INCOME        
Trust and investment services income 100 90 195 186
Investment banking and debt placement fees 84 73 163 134
Service charges on deposit accounts 71 70 140 138
Operating lease income and other leasing gains 19 58 42 110
Corporate services income 43 44 88 88
Cards and payments income 42 31 79 60
Corporate-owned life insurance income 31 30 61 60
Consumer mortgage income 6 9 13 18
Net gains (losses) from principal investing 7 24 15 59
Other income 26 [1] 28 [1] 58 [1] 46 [1]
Total noninterest income 429 457 854 899
NONINTEREST EXPENSE        
Personnel 406 377 797 749
Net occupancy 72 62 136 126
Computer processing 39 43 78 84
Business services and professional fees 37 51 72 88
Equipment 27 27 53 53
Operating lease expense 11 15 23 32
Marketing 11 17 17 30
FDIC assessment 8 8 16 16
Intangible asset amortization on credit cards 7   15  
Other intangible asset amortization 3 1 7 2
Provision (credit) for losses on lending-related commitments 5 6 8 6
OREO expense, net 1 7 4 13
Other expense 84 79 166 173
Total noninterest expense 711 693 1,392 1,372
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 271 281 543 555
Income taxes 72 54 142 127
INCOME (LOSS) FROM CONTINUING OPERATIONS 199 227 401 428
Income (loss) from discontinued operations, net of taxes of $4, $9, $8, and $8 (see Note 11) 5 14 8 13
NET INCOME (LOSS) 204 241 409 441
Less: Net income (loss) attributable to noncontrolling interests   5 1 5
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 204 236 408 436
Income (loss) from continuing operations attributable to Key common shareholders 193 217 389 412
Net income (loss) attributable to Key common shareholders $ 198 $ 231 $ 397 $ 425
Per common share:        
Income (loss) from continuing operations attributable to Key common shareholders $ 0.21 $ 0.23 $ 0.42 $ 0.44
Income (loss) from discontinued operations, net of taxes $ 0.01 $ 0.01 $ 0.01 $ 0.01
Net income (loss) attributable to Key common shareholders $ 0.22 [2] $ 0.24 [2] $ 0.43 [2] $ 0.45 [2]
Per common share - assuming dilution:        
Income (loss) from continuing operations attributable to Key common shareholders $ 0.21 $ 0.23 $ 0.42 $ 0.43
Income (loss) from discontinued operations, net of taxes $ 0.01 $ 0.01 $ 0.01 $ 0.01
Net income (loss) attributable to Key common shareholders $ 0.22 [2] $ 0.24 [2] $ 0.43 [2] $ 0.45 [2]
Cash dividends declared per common share $ 0.055 $ 0.050 $ 0.105 $ 0.080
Weighted-average common shares outstanding (000) 913,736 944,648 917,008 946,995
Weighted-average common shares and potential common shares outstanding (000) 918,628 [3] 948,087 [3] 922,319 [3] 951,029 [3]
[1] For the three months ended June 30, 2013 and 2012, 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.