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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
INTEREST INCOME    
Loans $ 940 $ 877
Loans held for sale 12 13
Securities available for sale 95 95
Held-to-maturity securities 69 51
Trading account assets 7 7
Short-term investments 8 3
Other investments 6 4
Total interest income 1,137 1,050
INTEREST EXPENSE    
Deposits 91 58
Federal funds purchased and securities sold under repurchase agreements 4 1
Bank notes and other short-term borrowings 6 5
Long-term debt 92 68
Total interest expense 193 132
NET INTEREST INCOME 944 918
Provision for credit losses 61 63
Net interest income after provision for credit losses 883 855
NONINTEREST INCOME    
Trust and investment services income 133 135
Investment banking and debt placement fees 143 127
Service charges on deposit accounts 89 87
Operating lease income and other leasing gains 32 23
Corporate services income 62 54
Cards and payments income 62 65
Corporate-owned life insurance income 32 30
Consumer mortgage income 7 6
Mortgage servicing fees 20 18
Other income [1] 21 32
Total noninterest income 601 577
NONINTEREST EXPENSE    
Personnel 594 556
Net occupancy 78 87
Computer processing 52 60
Business services and professional fees 41 46
Equipment 26 27
Operating lease expense 27 19
Marketing 25 21
FDIC assessment 21 20
Intangible asset amortization 29 22
OREO expense, net 2 2
Other expense 111 153
Total noninterest expense 1,006 1,013
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 478 419
Income taxes 62 94
INCOME (LOSS) FROM CONTINUING OPERATIONS 416 325
Income (loss) from discontinued operations 2 0
NET INCOME (LOSS) 418 325
Less: Net income (loss) attributable to noncontrolling interests 0 1
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 418 324
Income (loss) from continuing operations attributable to Key common shareholders 402 296
Net income (loss) attributable to Key common shareholders $ 404 $ 296
Per common share:    
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) $ 0.38 $ 0.28
Income (loss) from discontinued operations, net of taxes (in usd per share) 0.00 0.00
Net income (loss) attributable to Key common shareholders (in usd per share) [2] 0.38 0.28
Per common share — assuming dilution:    
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) 0.38 0.27
Income (loss) from discontinued operations, net of taxes (in usd per share) 0.00 0.00
Net income (loss) attributable to Key common shareholders (in usd per share) [2] 0.38 0.27
Cash dividends declared per common share (in usd per share) $ 0.105 $ 0.085
Weighted-average common shares outstanding (in shares) 1,056,037 1,068,609
Effect of common share options and other stock awards (in shares) 15,749 17,931
Weighted-average common shares and potential common shares outstanding (in shares) [3] 1,071,786 1,086,540
[1] For the three months ended March 31, 2018, net securities gains totaled less than $1 million. For the three months ended March 31, 2017, net securities gains totaled $1 million. For the three months ended March 31, 2018, and March 31, 2017, 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.