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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
INTEREST INCOME      
Loans $ 2,773 $ 2,149 $ 2,110
Loans held for sale 34 37 21
Securities available for sale 329 293 277
Held-to-maturity securities 122 96 93
Trading account assets 23 21 25
Short-term investments 22 8 6
Other investments 16 18 22
Total interest income 3,319 2,622 2,554
INTEREST EXPENSE      
Deposits 171 105 117
Federal funds purchased and securities sold under repurchase agreements 1 0 2
Bank notes and other short-term borrowings 10 9 9
Long-term debt 218 160 133
Total interest expense 400 274 261
NET INTEREST INCOME 2,919 2,348 2,293
Provision for credit losses 266 166 57
Net interest income after provision for credit losses 2,653 2,182 2,236
NONINTEREST INCOME      
Trust and investment services income 464 433 403
Investment banking and debt placement fees 482 445 397
Service charges on deposit accounts 302 256 261
Operating lease income and other leasing gains 62 73 96
Corporate services income 215 198 178
Cards and payments income 233 183 166
Corporate-owned life insurance income 125 127 118
Consumer mortgage income 17 12 10
Mortgage servicing fees 57 48 46
Net gains (losses) from principal investing 20 51 78
Other income [1] 94 54 44
Total noninterest income 2,071 1,880 1,797
NONINTEREST EXPENSE      
Personnel 2,073 1,652 1,591
Net occupancy 305 255 261
Computer processing 255 164 158
Business services and professional fees 235 159 156
Equipment 98 88 96
Operating lease expense 59 47 42
Marketing 101 57 49
FDIC assessment 61 32 30
Intangible asset amortization 55 36 39
OREO expense, net 9 6 5
Other expense 505 344 334
Total noninterest expense 3,756 2,840 2,761
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 968 1,222 1,272
Income taxes 179 303 326
INCOME (LOSS) FROM CONTINUING OPERATIONS 789 919 946
Income (loss) from discontinued operations, net of taxes of $1, $1, and ($23) (see Note 14) 1 1 (39)
NET INCOME (LOSS) 790 920 907
Less: Net income (loss) attributable to noncontrolling interests (1) 4 7
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 791 916 900
Income (loss) from continuing operations attributable to Key common shareholders 753 892 917
Net income (loss) attributable to Key common shareholders $ 754 $ 893 $ 878
Per common share:      
Income (loss) from continuing operations attributable to Key common shareholders (in dollars per share) $ 0.81 $ 1.06 $ 1.05
Income (loss) from discontinued operations, net of taxes (in dollars per share) 0.00 0.00 (0.04)
Net income (loss) attributable to Key common shareholders (in dollars per share) [2] 0.81 1.06 1.01
Per common share — assuming dilution:      
Income (loss) from continuing operations attributable to Key common shareholders (in dollars per share) 0.80 1.05 1.04
Income (loss) from discontinued operations, net of taxes (in dollars per share) 0.00 0.00 (0.04)
Net income (loss) attributable to Key common shareholders (in dollars per share) [2] 0.80 1.05 0.99
Cash dividends declared per common share (in dollars per share) $ 0.33 $ 0.29 $ 0.250
Weighted-average common shares outstanding (000) (in shares) 927,816 836,846 871,464
Effect of convertible preferred stock (in shares) 0 0 0
Effect of common share options and other stock awards (in shares) 10,720 7,643 6,735
Weighted-average common shares and potential common shares outstanding (000) (in shares) [3] 938,536 844,489 878,199
[1] Net securities gains (losses) totaled less than $1 million for the years ended December 31, 2016, 2015, and 2014. For 2016, 2015, and 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.