Business Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2020

The table below shows selected financial data for our business segments for the three- and six-month periods ended June 30, 2020, and June 30, 2019.



Three months ended June 30,	Consumer Bank						Commercial Bank						Other						Total Key
dollars in millions	2020			2019			2020			2019			2020			2019			2020			2019
SUMMARY OF OPERATIONS
Net interest income (TE)	$	594		$	594		$	442		$	405		$	(11	)	$	(10	)	$	1,025		$	989
Noninterest income	247			231			405			355			40			36			692			622
Total revenue (TE) ^(a)	841			825			847			760			29			26			1,717			1,611
Provision for credit losses	167			40			314			33			1			1			482			74
Depreciation and amortization expense	20			25			37			35			34			37			91			97
Other noninterest expense	535			527			366			354			21			41			922			922
Income (loss) from continuing operations before income taxes (TE)	119			233			130			338			(27		)	(53		)	222			518
Allocated income taxes and TE adjustments	28			56			10			61			(1		)	(22		)	37			95
Income (loss) from continuing operations	91			177			120			277			(26		)	(31		)	185			423
Income (loss) from discontinued operations, net of taxes	—			—			—			—			2			2			2			2
Net income (loss)	91			177			120			277			(24		)	(29		)	187			425
Less: Net income (loss) attributable to noncontrolling interests	—			—			—			—			—			—			—			—
Net income (loss) attributable to Key	$	91		$	177		$	120		$	277		$	(24	)	$	(29	)	$	187		$	425

AVERAGE BALANCES ^(b)
Loans and leases	$	39,197		$	31,881		$	68,038		$	57,918		$	706		$	986		$	107,941		$	90,785
Total assets ^(a)	44,106			35,469			76,974			65,901			43,019			41,265			164,099			142,635
Deposits	79,502			72,303			46,099			35,960			2,376			1,338			127,977			109,601
OTHER FINANCIAL DATA
Net loan charge-offs ^(b)	$	39		$	40		$	57		$	23		$	1		$	2		$	97		$	65
Return on average allocated equity ^(b)	10.38		%	21.75		%	10.00		%	24.09		%	(1.12		)%	(1.44		)%	4.21		%	10.26		%
Return on average allocated equity	10.38			21.75			10.00			24.09			(1.03		)	(1.34		)	4.25			10.31
Average full-time equivalent employees ^(c)	8,863			9,440			2,096			2,260			5,687			5,506			16,646			17,206


(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.



Six months ended June 30,	Consumer Bank						Commercial Bank						Other							Total Key
dollars in millions	2020			2019			2020			2019			2020				2019			2020			2019
SUMMARY OF OPERATIONS
Net interest income (TE)	$	1,184		$	1,185		$	852		$	807		$	(22	)		$	(18	)	$	2,014		$	1,974
Noninterest income	478			445			624			654			67				59			1,169			1,158
Total revenue (TE) ^(a)	1,662			1,630			1,476			1,461			45				41			3,183			3,132
Provision for credit losses	307			85			529			49			5				2			841			136
Depreciation and amortization expense	41			48			73			65			68				72			182			185
Other noninterest expense	1,058			1,044			681			697			23				56			1,762			1,797
Income (loss) from continuing operations before income taxes (TE)	256			453			193			650			(51		)		(89		)	398			1,014
Allocated income taxes and TE adjustments	61			108			3			123			4				(46		)	68			185
Income (loss) from continuing operations	195			345			190			527			(55		)		(43		)	330			829
Income (loss) from discontinued operations, net of taxes	—			—			—			—			3				3			3			3
Net income (loss)	195			345			190			527			(52		)		(40		)	333			832
Less: Net income (loss) attributable to noncontrolling interests	—			—			—			—			—				—			—			—
Net income (loss) attributable to Key	$	195		$	345		$	190		$	527		$	(52	)	^(d)	$	(40	)	$	333		$	832

AVERAGE BALANCES ^(b)
Loans and leases	$	37,197		$	31,603		$	64,060		$	57,594		$	801			$	1,023		$	102,058		$	90,220
Total assets ^(a)	41,283			35,103			73,178			65,390			40,703				40,892			155,164			141,385
Deposits	76,411			71,798			41,078			35,193			1,664				1,603			119,153			108,594
OTHER FINANCIAL DATA
Net loan charge-offs ^(b)	$	83		$	74		$	97		$	53		1				2			$	181		$	129
Return on average allocated equity ^(b)	11.21		%	21.51		%	8.03		%	23.36		%	(1.20		)%		(1.04		)%	3.80		%	10.37		%
Return on average allocated equity	11.21			21.51			8.03			23.36			(1.14		)		(.97		)	3.84			10.41
Average full-time equivalent employees ^(c)	8,885			9,531			2,082			2,314			5,620				5,534			16,587			17,379


(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.