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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
INTEREST INCOME        
Loans $ 542 $ 531 $ 1,597 $ 1,576
Loans held for sale 10 4 29 13
Securities available for sale 75 67 217 210
Held-to-maturity securities 24 25 72 70
Trading account assets 5 6 15 19
Short-term investments 1 2 5 4
Other investments 4 4 14 16
Total interest income 661 639 1,949 1,908
INTEREST EXPENSE        
Deposits 27 28 79 91
Federal funds purchased and securities sold under repurchase agreements   1   2
Bank notes and other short-term borrowings 2 2 6 6
Long-term debt 41 33 118 98
Total interest expense 70 64 203 197
NET INTEREST INCOME 591 575 1,746 1,711
Provision for credit losses 45 19 121 35
Net interest income after provision for credit losses 546 556 1,625 1,676
NONINTEREST INCOME        
Trust and investment services income 108 99 328 291
Investment banking and debt placement fees 109 88 318 271
Service charges on deposit accounts 68 68 192 197
Operating lease income and other leasing gains 15 17 58 81
Corporate services income 57 42 143 125
Cards and payments income 47 42 136 123
Corporate-owned life insurance income 30 26 91 80
Consumer mortgage income 3 3 10 7
Mortgage servicing fees 11 9 33 35
Net gains (losses) from principal investing 11 9 51 60
Other income [1] 11 14 35 37
Total noninterest income 470 417 1,395 1,307
NONINTEREST EXPENSE        
Personnel 426 405 1,223 1,182
Net occupancy 60 66 191 198
Computer processing 41 39 121 118
Business services and professional fees 40 36 115 118
Equipment 22 25 66 73
Operating lease expense 11 11 34 31
Marketing 17 15 40 33
FDIC assessment 8 9 24 21
Intangible asset amortization 9 10 27 29
OREO expense, net 2 1 5 3
Other expense 88 89 258 251
Total noninterest expense 724 706 2,104 2,057
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 292 267 916 926
Income taxes 72 64 230 232
Income (loss) from continuing operations 220 203 686 694
Income (loss) from discontinued operations, net of taxes of ($2), ($10), $3, and ($24) (see Note 11) (3) (17) 5 (41)
NET INCOME (LOSS) 217 186 691 653
Less: Net income (loss) attributable to noncontrolling interests (2)   1 6
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 219 186 690 647
Income (loss) from continuing operations attributable to Key common shareholders 216 197 668 671
Net income (loss) attributable to Key common shareholders $ 213 $ 180 $ 673 $ 630
Per common share:        
Income (loss) from continuing operations attributable to Key common shareholders $ 0.26 $ 0.23 $ 0.79 $ 0.77
Income (loss) from discontinued operations, net of taxes   (0.02) 0.01 (0.05)
Net income (loss) attributable to Key common shareholders [2] 0.26 0.21 0.80 0.72
Per common share - assuming dilution:        
Income (loss) from continuing operations attributable to Key common shareholders 0.26 0.23 0.78 0.76
Income (loss) from discontinued operations, net of taxes   (0.02) 0.01 (0.05)
Net income (loss) attributable to Key common shareholders [2] 0.25 0.21 0.79 0.71
Cash dividends declared per common share $ 0.075 $ 0.065 $ 0.215 $ 0.185
Weighted-average common shares outstanding (000) 831,430 867,350 839,758 875,728
Effect of convertible preferred stock 0 0 0 0
Effect of common share options and other stock awards 7,450 6,772 7,613 6,723
Weighted-average common shares and potential common shares outstanding (000) [3] 838,880 874,122 847,371 882,451
[1] For each of the three months ended September 30, 2015, and September 30, 2014, net securities gains (losses) totaled less than $1 million. For the three months ended September 30, 2015, and September 30, 2014, we did not have any impairment losses related to securities.
[2] EPS may not foot due to rounding.
[3] Assumes conversion of common share options and other stock awards and/or convertible preferred stock, as applicable.