KeyCorp KEY Income Statement

Keycorp (KEY)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
INTEREST INCOME
Interest and Fee Income, Loans and Leases Held-in-portfolio
4,267	4,023	3,677	2,773	2,149	2,110	2,151	2,155	2,206	2,653	3,194	3,732	4,719
Loans held for sale
63	66	52	34	37	21	20	20	14	17	29	76	108
Securities available for sale
537	409	369	329	293	277	311	399	583	644	460	404	380
Held-to-maturity securities
262	284	222	122	96	93	82	69	12	2	2	3	2
Trading account assets
32	29	27	23	21	25	21	18	26	37	47	56	38
Short-term investments
61	46	26	22	8	6	6	6	6	6	12	31	37
Other investments
13	21	17	16	18	22	29	38	42	49	51	51	52
Total interest income
5,235	4,878	4,390	3,319	2,622	2,554	2,620	2,705	2,889	3,408	3,795	4,353	5,336
INTEREST EXPENSE
Interest Expense, Deposits
853	517	278	171	105	117	158	257	390	671	1,119	1,468	1,845
Federal funds purchased and securities sold under repurchase agreements
2	11	1	1	0	2	2	4	5	6	5	57	208
Bank notes and other short-term borrowings
17	21	15	10	9	9	8	7	11	14	16	130	104
Interest Expense, Long-term Debt
454	420	319	218	160	133	127	173	216	206	275	382	493
Total interest expense
1,326	969	613	400	274	261	295	441	622	897	1,415	2,037	2,650
NET INTEREST INCOME
3,909	3,909	3,777	2,919	2,348	2,293	2,325	2,264	2,267	2,511	2,380	2,316	2,686
Provision for credit losses
445	246	229	266	166	57	138	229	-60	638	3,159	1,537	525
Net interest income after provision for credit losses
3,464	3,663	3,548	2,653	2,182	2,236	2,187	2,035	2,327	1,873	-779	779	2,161
NONINTEREST INCOME
Trust and investment services income
475	499	535	464	433	403	393	375	353	444	459	509	469
Investment banking and debt placement fees
630	650	603	482	445	397	333	327	224	-	-	-	-
Service charges on deposit accounts
337	349	357	302	256	261	281	287	281	301	330	365	337
Operating lease income and other leasing gains
162	89	96	62	73	96	117	201	157	-	-	-	-
Corporate services income
236	233	219	215	198	178	172	168	197	-	-	-	-
Cards and payments income
275	270	287	233	183	166	162	135	163	117	-	-	-
Net securities gains (losses)
-	-	-	-	-	-	-	-	-	14	113	-2	-35
Operating lease income
-	-	-	-	-	-	-	-	-	173	227	270	272
Letter of credit and loan fees
-	-	-	-	-	-	-	-	-	194	180	183	192
Corporate-owned life insurance income
136	137	131	125	127	118	120	122	121	137	114	117	121
Consumer mortgage income
46	30	26	17	12	10	19	40	32	-	-	-	-
Commercial mortgage servicing fees
94	82	71	57	48	46	58	24	26	-	-	-	-
Electronic banking fees
-	-	-	-	-	-	-	-	-	-	105	103	99
Gains on leased equipment
-	-	-	-	-	-	-	-	-	20	99	40	35
Insurance income
-	-	-	-	-	-	-	-	-	64	68	65	55
Net gains (losses) from loan sales
-	-	-	-	-	-	-	-	-	76	-1	-82	4
Net gains (losses) from principal investing
-	-	-	-	51	78	52	72	78	66	-4	-54	164
Investment banking and capital markets income (loss)
-	-	-	-	-	-	-	-	-	145	-42	68	120
Other income
68	176	153	114	54	44	59	105	56	203	204	100	237
Gain from sale/redemption of Visa Inc. shares
-	-	-	-	-	-	-	-	-	-	105	165	0
Gain related to exchange of common shares for capital securities
-	-	-	-	-	-	-	-	-	-	78	-	0
Gain from sale of McDonald Investments branch network
-	-	-	-	-	-	-	-	-	-	-	-	171
Noninterest Income
2,459	2,515	2,478	2,071	1,880	1,797	1,766	1,856	1,688	1,954	2,035	1,847	2,241
NONINTEREST EXPENSE
Personnel
2,250	2,309	2,278	2,048	1,652	1,591	1,609	1,570	1,460	1,471	1,514	1,581	1,602
Net occupancy
293	308	331	305	255	261	275	260	258	270	259	259	246
Computer processing
214	210	225	255	164	158	156	164	166	185	192	187	200
Business services and professional fees
186	184	192	235	159	156	151	190	183	176	184	138	114
Equipment
100	105	114	98	88	96	104	107	103	100	96	92	96
Operating lease expense
123	120	92	59	47	42	47	57	94	142	195	224	224
Marketing
96	102	120	101	57	49	51	68	60	72	72	87	76
FDIC assessment
31	72	82	61	32	30	30	31	52	124	177	10	9
Intangible asset amortization
89	99	95	55	36	39	44	23	4	14	-	-	-
Provision (credit) for losses on lending-related commitments
-	-	-	-	-	-	-	-16	-28	48	67	-26	28
OREO expense, net
13	6	11	9	6	5	7	15	13	-68	-97	-16	-5
Intangible asset impairment
-	-	-	-	-	-	-	-	-	-	241	469	6
Other expense
506	460	558	530	344	334	338	349	319	460	460	439	552
Total noninterest expense
3,901	3,975	4,098	3,756	2,840	2,761	2,812	2,818	2,684	3,034	3,554	3,476	3,158
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
2,022	2,203	1,928	968	1,222	1,272	1,141	1,073	1,331	793	-2,298	-850	1,244
Income taxes
314	344	637	179	303	326	271	231	364	186	-1,035	437	277
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
1,708	1,859	1,291	789	919	946	870	842	967	607	-1,263	-1,287	967
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
9	7	7	1	1	-39	40	23	-35	-23	-48	-173	-16
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
1,717	1,866	1,298	790	920	907	910	865	932	584	-1,311	-1,460	951
Less: Net income (loss) attributable to noncontrolling interests
0	0	2	-1	4	7	-	7	12	30	24	8	32
NET INCOME (LOSS) ATTRIBUTABLE TO KEY
1,717	1,866	1,296	791	916	900	910	858	920	554	-1,335	-1,468	919
Income Loss From Continuing Operations Attributable To Key Common Shareholders
1,611	1,793	1,219	753	892	917	847	813	848	413	-1,581	-1,337	935
Net Income (Loss) Available to Common Stockholders, Basic
1,620	1,800	1,226	754	893	878	887	836	813	390	-1,629	-1,510	919
Per Common Share:
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share)
1.62	1.72	1.13	0.81	1.06	1.05	0.93	0.87	0.91	0.47	-2.27	-2.97	2.39
Income (loss) from discontinued operations, net of taxes (in usd per share)
0.01	0.01	0.01	0.00	0.00	-0.04	0.04	0.02	-0.04	-0.03	-0.07	-0.38	-0.04
Net income (loss) attributable to Key common shareholders (in usd per share)
1.63	1.73	1.14	0.81	1.06	1.01	0.98	0.89	0.87	0.45	-2.34	-3.36	2.35
Per Common Share — assuming dilution:
Income Loss From Continuing Operations Attributable To Key Commons Shareholders Per Diluted Share
1.61	1.70	1.12	0.80	1.05	1.04	0.93	0.86	0.91	0.47	-2.27	-2.97	2.36
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share
0.01	0.01	0.01	0.00	0.00	-0.04	0.04	0.02	-0.04	-0.03	-0.07	-0.38	-0.04
Net income (loss) attributable to Key common shareholders (in usd per share)
1.62	1.71	1.13	0.80	1.05	0.99	0.97	0.89	0.87	0.44	-2.34	-3.36	2.32
Common Stock, Dividends, Per Share, Declared
0.71	0.56	0.38	0.33	0.29	0.25	0.21	0.18	0.10	0.04	0.09	0.62	1.83
Weighted Average Number of Shares Outstanding, Basic
992	1,040	1,072	927	836	871	906	938	931	874	697	450	392
Effect of convertible preferred stock (in shares)
0	0	0	0	0	0	0	0	-	-	-	-	-
Effect of common share options and other stock awards (in shares)
10	13	16	10	7	6	6	4	-	-	-	-	-
Weighted-average common shares and potential common shares outstanding (in shares)
1,002	1,054	1,088	938	844	878	912	943	935	878	697	450	395