Business Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Financial Information of Business Groups

The table below shows selected financial data for our business segments for the three- and nine-month periods ended September 30, 2019, and September 30, 2018.

Three months ended September 30,	Consumer Bank						Commercial Bank						Other							Total Key
dollars in millions	2019			2018			2019			2018			2019				2018			2019			2018
SUMMARY OF OPERATIONS
Net interest income (TE)	$	595		$	583		$	399		$	415		$	(14	)		$	(5	)	$	980		$	993
Noninterest income	238			226			380			338			32				45			650			609
Total revenue (TE) (a)	833			809			779			753			18				40			1,630			1,602
Provision for credit losses	48			32			32			31			120				(1		)	200			62
Depreciation and amortization expense	27			25			35			35			36				38			98			98
Other noninterest expense	504			532			337			350			—				(16		)	841			866
Income (loss) from continuing operations before income taxes (TE)	254			220			375			337			(138		)		19			491			576
Allocated income taxes and TE adjustments	60			52			71			63			(53		)		(21		)	78			94
Income (loss) from continuing operations	194			168			304			274			(85		)		40			413			482
Income (loss) from discontinued operations, net of taxes	—			—			—			—			3				—			3			—
Net income (loss)	194			168			304			274			(82		)		40			416			482
Less: Net income (loss) attributable to noncontrolling interests	—			—			—			—			—				—			—			—
Net income (loss) attributable to Key	$	194		$	168		$	304		$	274		$	(82	)	(d)	$	40		$	416		$	482
AVERAGE BALANCES (b)
Loans and leases	$	32,760		$	31,172		$	58,215		$	56,096		$	981			$	1,199		$	91,956		$	88,467
Total assets (a)	36,417			34,368			66,549			63,488			41,192				38,873			144,158			136,729
Deposits	72,995			69,124			36,204			33,603			1,080				2,899			110,279			105,626
OTHER FINANCIAL DATA
Net loan charge-offs (b)	$	40		$	36		$	35		$	26		122				(1		)	$	197		$	61
Return on average allocated equity (b)	22.82		%	20.38		%	26.37		%	24.46		%	(3.68		)%		2.12		%	9.57		%	12.57		%
Return on average allocated equity	22.82			20.38			26.37			24.46			(3.55		)		2.12			9.64			12.57
Average full-time equivalent employees (c)	9,182			9,979			2,226			2,473			5,490				5,698			16,898			18,150

(a) Substantially all revenue generated by our major business segments is derived from clients that reside in the United States. Substantially all long-lived assets, including premises and equipment, capitalized software, and goodwill held by our major business segments, are located in the United States.

(b) From continuing operations.

(c) The number of average full-time equivalent employees was not adjusted for discontinued operations.

(d) Other segments included $94 million provision for credit loss, net of tax, related to a previously disclosed fraud incident.

Nine months ended September 30,	Consumer Bank						Commercial Bank						Other							Total Key
dollars in millions	2019			2018			2019			2018			2019				2018			2019			2018
SUMMARY OF OPERATIONS
Net interest income (TE)	$	1,780		$	1,708		$	1,206		$	1,240		$	(32	)		$	(16	)	$	2,954		$	2,932
Noninterest income	683			684			1,035			974			90				212			1,808			1,870
Total revenue (TE) (a)	2,463			2,392			2,241			2,214			58				196			4,762			4,802
Provision for credit losses	133			104			80			85			123				(2		)	336			187
Depreciation and amortization expense	75			78			100			103			108				119			283			300
Other noninterest expense	1,548			1,613			1,036			1,065			54				(15		)	2,638			2,663
Income (loss) from continuing operations before income taxes (TE)	707			597			1,025			961			(227		)		94			1,505			1,652
Allocated income taxes and TE adjustments	168			142			193			156			(98		)		(23		)	263			275
Income (loss) from continuing operations	539			455			832			805			(129		)		117			1,242			1,377
Income (loss) from discontinued operations, net of taxes	—			—			—			—			6				5			6			5
Net income (loss)	539			455			832			805			(123		)		122			1,248			1,382
Less: Net income (loss) attributable to noncontrolling interests	—			—			—			—			—				—			—			—
Net income (loss) attributable to Key	$	539		$	455		$	832		$	805		$	(123	)	(d)	$	122		$	1,248		$	1,382
AVERAGE BALANCES (b)
Loans and leases	$	31,993		$	31,329		$	57,803		$	55,472		$	1,009			$	1,217		$	90,805		$	88,018
Total assets (a)	35,546			34,547			65,781			63,038			40,992				38,429			142,319			136,014
Deposits	72,202			68,281			35,534			33,191			1,426				2,601			109,162			104,073
OTHER FINANCIAL DATA
Net loan charge-offs (b)	$	114		$	109		$	88		$	66		124				—			$	326		$	175
Return on average allocated equity (b)	21.96		%	18.49		%	24.41		%	24.36		%	(2.00		)%		2.13		%	10.09		%	12.24		%
Return on average allocated equity	21.96			18.49			24.41			24.36			(1.91		)		2.22			10.14			12.28
Average full-time equivalent employees (c)	9,413			10,047			2,285			2,469			5,519				5,838			17,217			18,354

(a) Substantially all revenue generated by our major business segments is derived from clients that reside in the United States. Substantially all long-lived assets, including premises and equipment, capitalized software, and goodwill held by our major business segments, are located in the United States.

(b) From continuing operations.

(c) The number of average full-time equivalent employees was not adjusted for discontinued operations.

(d)

Other segments included $94 million provision for credit loss, net of tax, related to a previously disclosed fraud incident.