XML 28 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
INTEREST INCOME        
Loans $ 532 $ 538 $ 1,619 $ 1,592
Loans held for sale 5 5 14 15
Securities available for sale 76 93 236 314
Held-to-maturity securities 22 21 60 50
Trading account assets 5 4 15 15
Short-term investments 1 1 4 4
Other investments 6 9 23 27
Total interest income 647 671 1,971 2,017
INTEREST EXPENSE        
Deposits 37 60 124 208
Federal funds purchased and securities sold under repurchase agreements 1 1 2 3
Bank notes and other short-term borrowings 2 1 5 5
Long-term debt 29 37 98 138
Total interest expense 69 99 229 354
NET INTEREST INCOME 578 572 1,742 1,663
Provision (credit) for loan and lease losses 28 109 111 172
Net interest income (expense) after provision for loan and lease losses 550 463 1,631 1,491
NONINTEREST INCOME        
Trust and investment services income 100 94 295 280
Investment banking and debt placement fees 86 83 249 217
Service charges on deposit accounts 73 74 213 212
Operating lease income and other leasing gains 43 66 85 176
Corporate services income 44 39 132 127
Cards and payments income 43 37 122 97
Corporate-owned life insurance income 26 26 87 86
Consumer mortgage income 3 11 16 29
Net gains (losses) from principal investing 17 11 32 70
Other income 24 [1] 77 [1] 82 [1] 123 [1]
Total noninterest income 459 518 1,313 1,417
NONINTEREST EXPENSE        
Personnel 414 399 1,211 1,148
Net occupancy 66 65 202 191
Computer processing 38 42 116 126
Business services and professional fees 37 48 109 136
Equipment 25 27 78 80
Operating lease expense 14 13 37 45
Marketing 16 18 33 48
FDIC assessment 7 7 23 23
Intangible asset amortization on credit cards 8 6 23 6
Other intangible asset amortization 4 3 11 5
Provision (credit) for losses on lending-related commitments 3 (8) 11 (2)
OREO expense, net 1 1 5 14
Other expense 83 91 249 264
Total noninterest expense 716 712 2,108 2,084
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 293 269 836 824
Income taxes 59 51 201 178
INCOME (LOSS) FROM CONTINUING OPERATIONS 234 218 635 646
Income (loss) from discontinued operations, net of taxes of $21, $1, $29, and $9 (see Note 11) 37 3 45 16
NET INCOME (LOSS) 271 221 680 662
Less: Net income (loss) attributable to noncontrolling interests (1) 2   7
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 272 219 680 655
Income (loss) from continuing operations attributable to Key common shareholders 229 211 618 623
Net income (loss) attributable to Key common shareholders $ 266 $ 214 $ 663 $ 639
Per common share:        
Income (loss) from continuing operations attributable to Key common shareholders $ 0.25 $ 0.23 $ 0.68 $ 0.66
Income (loss) from discontinued operations, net of taxes $ 0.04   $ 0.05 $ 0.02
Net income (loss) attributable to Key common shareholders $ 0.29 [2] $ 0.23 [2] $ 0.73 [2] $ 0.68 [2]
Per common share - assuming dilution:        
Income (loss) from continuing operations attributable to Key common shareholders $ 0.25 $ 0.22 $ 0.67 $ 0.66
Income (loss) from discontinued operations, net of taxes $ 0.04   $ 0.05 $ 0.02
Net income (loss) attributable to Key common shareholders $ 0.29 [2] $ 0.23 [2] $ 0.72 [2] $ 0.67 [2]
Cash dividends declared per common share $ 0.055 $ 0.050 $ 0.160 $ 0.130
Weighted-average common shares outstanding (000) 901,904 936,223 911,918 943,378
Weighted-average common shares and potential common shares outstanding (000) 928,854 [3] 940,764 [3] 917,579 [3] 947,582 [3]
[1] For the three months ended September 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 Series A Preferred Stock, as applicable.