KeyCorp KEY Income Statement

Keycorp (KEY)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
INTEREST INCOME
Interest and Fee Income, Loans and Leases Held-in-portfolio
4,227	4,267	4,279	4,231	4,149	4,023	3,889	3,792	3,740	3,677	3,651	3,469	3,088	2,773	2,427	2,223	2,188	2,149	2,131	2,120	2,114	2,110	2,108	2,109	2,122	2,151	2,182	2,188	2,167	2,155	2,134	2,139	2,172	2,206	2,281	2,387	2,513	2,653	2,785	2,922	3,064	3,194	3,457	3,388	0	0	0
Loans held for sale
69	63	72	66	67	66	53	58	51	52	50	43	39	34	31	31	38	37	37	31	24	21	19	20	20	20	19	19	19	20	19	17	15	14	14	15	17	17	19	22	25	29	42	55	0	0	0
Securities available for sale
537	537	515	481	443	409	387	376	369	369	368	365	349	329	313	300	298	293	284	276	275	277	285	294	303	311	321	338	363	399	442	489	533	583	625	655	660	644	624	575	510	460	411	401	0	0	0
Held-to-maturity securities
256	262	270	278	283	284	274	257	240	222	205	180	149	122	102	96	96	96	95	96	95	93	92	89	86	82	79	78	75	69	52	32	0	-	0	0	-	2	2	2	2	2	3	2	0	0	0
Trading account assets
32	32	32	32	30	29	27	27	27	27	27	24	23	23	23	24	23	21	21	22	24	25	25	24	21	21	18	17	18	18	20	21	25	26	29	32	33	37	41	42	45	47	51	52	0	0	0
Short-term investments
51	61	64	63	54	46	43	34	31	26	19	20	21	22	20	14	10	8	7	8	7	6	6	5	5	6	6	6	7	6	5	7	6	6	6	4	5	6	8	10	11	12	15	20	0	0	0
Other investments
10	13	15	18	19	21	22	21	19	17	18	18	17	16	14	13	16	18	20	20	21	22	22	24	26	29	34	37	39	38	36	36	38	42	44	46	47	49	51	53	53	51	50	51	0	0	0
Total interest income
5,182	5,235	5,247	5,169	5,045	4,878	4,695	4,565	4,477	4,390	4,338	4,119	3,686	3,319	2,930	2,701	2,669	2,622	2,595	2,573	2,560	2,554	2,557	2,565	2,583	2,620	2,659	2,683	2,688	2,705	2,715	2,749	2,813	2,889	3,002	3,141	3,276	3,408	3,530	3,626	3,710	3,795	4,029	3,969	0	0	0
INTEREST EXPENSE
Interest Expense, Deposits
820	853	826	739	628	517	425	357	311	278	253	230	198	171	140	118	110	105	105	106	111	117	125	134	145	158	173	196	225	257	293	328	357	390	429	481	569	671	793	923	1,031	1,119	1,220	1,290	0	0	0
Federal funds purchased and securities sold under repurchase agreements
7	2	2	3	8	11	10	9	4	1	2	2	2	1	0	0	0	-	-	-	-	2	2	2	2	2	3	3	4	4	4	4	5	5	6	6	6	6	5	6	5	5	14	27	0	0	0
Bank notes and other short-term borrowings
18	17	17	17	19	21	20	19	16	15	15	14	13	10	10	10	9	9	9	9	9	9	9	9	9	8	7	6	6	7	7	9	10	11	12	13	14	14	14	13	13	16	47	71	0	0	0
Interest Expense, Long-term Debt
424	454	472	466	448	420	393	371	343	319	291	264	240	218	197	179	169	160	153	145	138	133	127	123	122	127	133	141	159	173	191	211	218	216	216	211	204	206	206	220	245	275	320	387	0	0	0
Total interest expense
1,269	1,326	1,317	1,225	1,103	969	848	756	674	613	561	510	453	400	347	307	288	274	267	261	259	261	263	268	278	295	316	346	394	441	495	552	590	622	663	711	793	897	1,018	1,162	1,294	1,415	1,601	1,775	0	0	0
NET INTEREST INCOME
3,913	3,909	3,930	3,944	3,942	3,909	3,847	3,809	3,803	3,777	3,777	3,609	3,233	2,919	2,583	2,394	2,381	2,348	2,328	2,312	2,301	2,293	2,294	2,297	2,305	2,325	2,343	2,337	2,294	2,264	2,220	2,197	2,223	2,267	2,339	2,430	2,483	2,511	2,512	2,464	2,416	2,380	2,428	2,194	0	0	0
Provision for credit losses
742	445	395	257	247	246	236	225	227	229	246	254	240	266	245	231	220	166	143	117	88	57	62	71	87	138	168	249	242	229	150	51	22	-60	-135	-51	185	638	1,491	2,130	2,725	3,159	2,739	2,653	0	0	0
Net interest income after provision for credit losses
3,171	3,464	3,535	3,687	3,695	3,663	3,611	3,584	3,576	3,548	3,531	3,355	2,993	2,653	2,338	2,163	2,161	2,182	2,185	2,195	2,213	2,236	2,232	2,226	2,218	2,187	2,175	2,088	2,052	2,035	2,070	2,146	2,201	2,327	2,474	2,481	2,298	1,873	1,021	334	-309	-779	-311	-459	0	0	0
NONINTEREST INCOME
Trust and investment services income
493	475	476	475	481	499	509	527	533	535	527	514	490	464	446	432	433	433	440	431	414	403	389	390	396	393	390	384	374	375	303	316	339	353	438	441	440	444	453	456	463	459	467	484	0	0	0
Investment banking and debt placement fees
636	630	635	625	617	650	664	639	619	603	560	575	538	482	452	405	448	445	444	423	381	397	355	353	338	333	359	356	345	327	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
339	337	335	334	342	349	354	360	359	357	352	346	324	302	282	265	260	256	256	256	259	261	265	270	275	281	288	289	288	287	282	282	281	281	281	282	293	301	313	321	324	330	342	352	0	0	0
Operating lease income and other leasing gains
155	162	151	144	94	89	88	69	105	96	90	80	68	62	56	65	71	73	73	75	86	96	107	134	121	117	116	138	174	201	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate services income
243	236	229	218	226	233	231	233	227	219	224	221	219	215	209	215	205	198	196	181	179	178	165	167	169	172	173	168	169	168	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cards and payments income
275	275	276	276	274	270	279	285	284	287	279	270	252	233	211	192	187	183	179	174	170	166	163	164	163	162	160	154	143	135	130	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net securities gains (losses)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	14	10	14	3	3	130	113	113	111	0	0	0
Operating lease income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	139	150	161	173	183	197	213	227	244	257	0	0	0
Letter of credit and loan fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	208	214	209	194	195	180	182	180	181	186	0	0	0
Corporate-owned life insurance income
140	136	136	138	137	137	135	132	133	131	134	132	127	125	121	122	124	127	129	125	123	118	113	113	116	120	123	123	122	122	121	126	124	121	128	136	136	137	131	118	115	114	106	108	0	0	0
Consumer mortgage income
55	46	42	37	34	30	30	28	27	26	25	24	21	17	13	10	11	12	13	13	11	10	10	10	14	19	27	35	38	40	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial mortgage servicing fees
94	94	86	82	80	82	78	80	73	71	74	68	63	57	52	48	47	48	44	42	44	46	57	63	65	58	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Electronic banking fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	113	110	108	105	105	105	0	0	0
Gains on leased equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	19	16	20	29	47	81	99	0	0	0	-	-
Insurance income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54	56	61	64	68	71	68	68	67	69	0	0	0
Net gains (losses) from loan sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77	77	91	76	42	24	-4	-1	-25	8	0	0	0
Net gains (losses) from principal investing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	22	22	51	69	67	83	78	80	88	68	52	34	28	45	72	62	85	78	78	80	64	64	66	152	128	105	-4	-98	-106	0	0	0
Investment banking and capital markets income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	173	190	179	145	35	-33	-50	-42	-21	85	0	0	0
Other income
-30	68	87	83	165	176	158	156	142	153	191	178	115	114	80	83	66	54	42	45	49	44	56	50	51	59	22	91	109	105	65	44	57	56	180	156	181	203	180	188	194	204	208	200	0	0	0
Gain from sale/redemption of Visa Inc. shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	105	105	105	0	0	0
Gain related to exchange of common shares for capital securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Noninterest Income
2,400	2,459	2,453	2,412	2,450	2,515	2,526	2,509	2,502	2,478	2,440	2,397	2,217	2,071	1,938	1,859	1,874	1,880	1,885	1,832	1,799	1,797	1,760	1,802	1,776	1,766	1,752	1,811	1,839	1,856	1,711	1,676	1,673	1,688	1,920	1,923	1,961	1,954	1,897	1,793	2,007	2,035	1,956	2,121	0	0	0
NONINTEREST EXPENSE
Personnel
2,202	2,250	2,275	2,281	2,278	2,309	2,343	2,349	2,316	2,278	2,291	2,326	2,200	2,048	1,854	1,686	1,667	1,652	1,632	1,611	1,592	1,591	1,580	1,589	1,606	1,609	1,633	1,618	1,589	1,570	1,475	1,458	1,461	1,460	1,498	1,475	1,480	1,471	1,506	1,527	1,517	1,514	1,488	1,510	0	0	0
Net occupancy
297	293	292	296	302	308	325	323	322	331	351	350	331	305	257	244	251	255	254	260	262	261	271	271	275	275	271	270	260	260	257	257	257	258	262	267	269	270	267	260	259	259	257	256	0	0	0
Computer processing
215	214	218	217	212	210	209	213	217	225	268	282	272	255	201	172	169	164	161	159	158	158	158	157	155	156	154	158	162	164	168	166	165	166	169	175	180	185	189	191	192	192	189	184	0	0	0
Business services and professional fees
186	186	181	181	187	184	187	193	187	192	218	245	240	235	201	165	167	159	153	149	148	156	160	161	157	151	163	174	188	190	190	189	182	183	185	179	176	176	183	183	188	184	155	146	0	0	0
Equipment
100	100	101	101	103	105	110	112	113	114	113	110	104	98	90	86	87	88	89	92	94	96	99	99	102	104	105	107	107	107	105	104	103	103	104	102	102	100	99	99	98	96	94	93	0	0	0
Operating lease expense
133	123	123	121	119	120	116	109	100	92	81	72	65	59	55	51	49	47	45	45	43	42	41	44	45	47	49	48	52	57	63	73	83	94	104	121	131	142	164	170	184	195	201	210	0	0	0
Marketing
98	96	94	94	96	102	112	120	124	120	120	118	110	101	83	68	61	57	56	54	52	49	51	52	50	51	53	55	61	68	72	70	63	60	58	63	69	72	72	70	71	72	77	79	0	0	0
FDIC assessment
33	31	32	46	58	72	83	83	83	82	85	85	72	61	46	33	33	32	33	34	32	30	28	26	28	30	31	31	31	31	30	30	31	52	72	92	116	124	134	147	184	177	143	105	0	0	0
Intangible asset amortization on credit cards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible asset amortization
84	89	92	89	92	99	103	105	102	95	96	84	69	55	37	33	35	36	37	38	38	39	39	41	42	44	52	43	34	23	6	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Provision (credit) for losses on lending-related commitments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	6	0	-	0	0	-	-28	55	44	46	48	7	28	0	-	0	0	-	-	-
OREO expense, net
13	13	11	11	7	6	8	8	11	11	11	11	10	9	7	6	5	6	7	6	6	5	5	5	5	7	18	18	24	15	23	21	17	13	-18	-21	-46	-68	-83	-130	-123	-97	0	0	0	-	-
Intangible asset impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	241	245	200	0	0	0
Other expense
508	506	514	521	478	460	465	474	516	558	586	627	593	530	441	370	350	344	341	342	341	334	340	334	333	338	334	342	337	349	315	309	327	319	375	404	417	460	459	460	486	460	462	484	0	0	0
Total noninterest expense
3,869	3,901	3,933	3,958	3,932	3,975	4,061	4,089	4,091	4,098	4,220	4,310	4,066	3,756	3,272	2,914	2,874	2,840	2,808	2,790	2,766	2,761	2,761	2,771	2,795	2,812	2,842	2,838	2,820	2,818	2,695	2,675	2,662	2,684	2,817	2,861	2,950	3,034	3,161	3,326	3,412	3,554	3,423	3,299	0	0	0
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
1,702	2,022	2,055	2,141	2,213	2,203	2,076	2,004	1,987	1,928	1,751	1,442	1,144	968	1,004	1,108	1,161	1,222	1,262	1,237	1,246	1,272	1,231	1,257	1,199	1,141	1,085	1,061	1,071	1,073	1,086	1,147	1,212	1,331	1,577	1,543	1,309	793	-243	-1,199	-1,714	-2,298	-1,778	-1,637	0	0	0
Income taxes
255	314	331	348	364	344	503	550	605	637	424	306	217	179	214	270	285	303	324	316	308	326	302	297	293	271	254	246	228	231	242	286	326	364	472	462	379	186	-333	-692	-879	-1,035	-710	174	0	0	0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
1,447	1,708	1,724	1,793	1,849	1,859	1,573	1,454	1,382	1,291	1,327	1,136	927	789	790	838	876	919	938	921	938	946	929	960	906	870	831	815	843	842	844	861	886	967	1,105	1,081	930	607	90	-507	-835	-1,263	-1,068	-1,811	0	0	0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
9	9	8	5	6	7	6	7	9	7	2	2	0	1	1	-3	-3	1	7	-7	-38	-39	-46	8	41	40	52	18	27	23	18	-2	-25	-35	-50	-18	-36	-23	-17	-48	-17	-48	-80	-62	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
1,456	1,717	1,732	1,798	1,855	1,866	1,579	1,461	1,391	1,298	1,329	1,138	927	790	791	835	873	920	945	914	900	907	883	968	947	910	883	833	870	865	862	859	861	932	1,055	1,063	894	584	73	-555	-852	-1,311	-1,148	-1,873	0	0	0
Less: Net income (loss) attributable to noncontrolling interests
0	0	0	0	0	0	1	1	1	2	0	1	0	-1	3	0	2	4	7	0	0	-	-	0	-	-	2	8	0	-	0	0	-	12	15	21	22	30	63	51	50	24	-1	3	0	0	0
NET INCOME (LOSS) ATTRIBUTABLE TO KEY
1,456	1,717	1,732	1,798	1,855	1,866	1,578	1,460	1,390	1,296	1,329	1,137	927	791	788	835	871	916	943	910	891	900	877	963	948	910	883	830	862	858	855	853	857	920	1,040	1,042	872	554	10	-606	-902	-1,335	-1,147	-1,876	0	0	0
Income Loss From Continuing Operations Attributable To Key Common Shareholders
1,343	1,611	1,631	1,716	1,777	1,793	1,515	1,396	1,325	1,219	1,251	1,067	867	753	764	815	852	892	914	895	907	917	900	932	883	847	808	790	814	813	815	833	859	848	948	882	695	413	-137	-722	-1,172	-1,581	-1,332	-2,038	0	0	0
Net Income (Loss) Available to Common Stockholders, Basic
1,352	1,620	1,639	1,721	1,783	1,800	1,521	1,403	1,334	1,226	1,253	1,069	867	754	765	812	849	893	921	888	869	878	854	940	924	887	860	808	841	836	833	831	834	813	898	864	659	390	-154	-770	-1,189	-1,629	-1,412	-2,100	0	0	0
Per Common Share:
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share)
0.12	0.45	0.39	0.40	0.38	0.45	0.45	0.44	0.38	0.17	0.32	0.36	0.28	0.19	0.17	0.23	0.22	0.27	0.26	0.27	0.26	0.28	0.23	0.28	0.26	0.26	0.25	0.21	0.21	0.20	0.23	0.23	0.21	0.20	0.24	0.26	0.21	0.33	0.19	0.06	-0.11	-0.06	-0.50	-0.68	-1.03	-0.02	-2.71
Income (loss) from discontinued operations, net of taxes (in usd per share)
0.00	0.01	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	0.00	0.00	0.01	-	-0.02	-0.03	-	-0.01	0.04	0.01	0.00	0.00	0.01	0.01	0.00	0.00	-0.02	-0.01	-0.01	-	0.02	-0.03	-	0.00	-0.02	0.01	-0.06	-0.08	0.00
Net income (loss) attributable to Key common shareholders (in usd per share)
0.12	0.46	0.39	0.40	0.38	0.46	0.45	0.44	0.38	0.17	0.32	0.37	0.28	0.19	0.17	0.23	0.22	0.25	0.26	0.28	0.27	0.29	0.21	0.24	0.27	0.25	0.29	0.22	0.22	0.22	0.23	0.24	0.20	0.20	0.22	0.25	0.20	0.33	0.20	0.03	-0.11	-0.05	-0.52	-0.68	-1.09	-0.10	-2.70
Per Common Share — assuming dilution:
Income Loss From Continuing Operations Attributable To Key Commons Shareholders Per Diluted Share
0.12	0.45	0.38	0.40	0.38	0.43	0.45	0.44	0.38	0.17	0.32	0.36	0.27	0.19	0.16	0.23	0.22	0.26	0.26	0.27	0.26	0.28	0.23	0.27	0.26	0.26	0.25	0.21	0.21	0.21	0.22	0.23	0.20	0.20	0.24	0.26	0.21	0.33	0.19	0.06	-0.11	-0.06	-0.50	-0.68	-1.03	-0.02	-2.71
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share
0.00	0.01	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	0.00	0.00	0.01	-	-0.02	-0.03	-	-0.01	0.04	0.01	0.00	0.00	0.01	0.01	0.00	0.00	-0.02	-0.01	-0.01	-	0.02	-0.03	-	0.00	-0.02	0.01	-0.06	-0.08	0.00
Net income (loss) attributable to Key common shareholders (in usd per share)
0.12	0.45	0.39	0.40	0.38	0.44	0.45	0.44	0.38	0.18	0.32	0.36	0.27	0.18	0.17	0.23	0.22	0.27	0.25	0.27	0.26	0.28	0.21	0.24	0.26	0.25	0.29	0.22	0.21	0.22	0.23	0.24	0.20	0.21	0.22	0.25	0.19	0.32	0.20	0.03	-0.11	-0.05	-0.52	-0.68	-1.09	-0.10	-2.70
Common Stock, Dividends, Per Share, Declared
0.18	0.18	0.18	0.17	0.17	0.17	0.17	0.12	0.10	0.10	0.09	0.09	0.08	0.08	0.08	0.08	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.06	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.03	0.03	0.03	0.03	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.06	0.18	0.37
Weighted Average Number of Shares Outstanding, Basic
967	974	988	999	1,006	1,018	1,036	1,052	1,056	1,070	1,073	1,076	1,068	1,069	982	831	827	827	831	839	848	858	867	875	884	890	901	913	920	925	936	944	949	949	948	947	881	875	874	874	874	879	839	576	492	491	416
Effect of convertible preferred stock (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	-20	0	20	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of common share options and other stock awards (in shares)
8	12	10	8	9	12	13	13	15	15	15	16	17	16	12	6	7	7	7	6	8	6	6	6	7	-	6	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted-average common shares and potential common shares outstanding (in shares)
976	986	998	1,007	1,016	1,031	1,049	1,065	1,071	1,085	1,088	1,093	1,086	1,085	994	838	835	835	838	846	857	844	874	902	891	897	908	918	926	930	940	948	953	952	950	952	887	889	874	874	874	879	839	576	492	491	416