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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
INTEREST INCOME        
Loans $ 927 $ 1,073 $ 2,933 $ 3,221
Loans held for sale 18 18 58 46
Securities available for sale 115 136 365 400
Held-to-maturity securities 53 64 171 199
Trading account assets 3 7 16 24
Short-term investments 1 16 14 49
Other investments 2 3 3 11
Total interest income 1,119 1,317 3,560 3,950
INTEREST EXPENSE        
Deposits 54 227 319 652
Federal funds purchased and securities sold under repurchase agreements 0 0 6 1
Bank notes and other short-term borrowings 1 4 11 13
Long-term debt 64 114 225 354
Total interest expense 119 345 561 1,020
NET INTEREST INCOME 1,000 972 2,999 2,930
Provision for credit losses 160 200 1,001 336
Net interest income after provision for credit losses 840 772 1,998 2,594
NONINTEREST INCOME        
Trust and investment services income 128 118 384 355
Investment banking and debt placement fees 146 176 418 449
Service charges on deposit accounts 77 86 229 251
Operating lease income and other leasing gains 38 42 128 123
Corporate services income 51 63 165 171
Cards and payments income 114 69 271 208
Corporate-owned life insurance income 30 32 101 97
Consumer mortgage income 51 16 133 42
Commercial mortgage servicing fees 18 21 48 58
Other income [1] 28 27 (27) 54
Total noninterest income 681 650 1,850 1,808
NONINTEREST EXPENSE        
Personnel 588 547 1,675 1,699
Net occupancy 76 72 223 217
Computer processing 59 53 170 163
Business services and professional fees 49 43 142 132
Equipment 25 27 74 75
Operating lease expense 33 33 103 91
Marketing 22 26 67 69
FDIC assessment 6 7 23 23
Intangible asset amortization 15 26 50 70
OREO expense, net (1) 3 8 10
Other expense 165 102 446 372
Total noninterest expense 1,037 939 2,981 2,921
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 484 483 867 1,481
Income taxes 60 70 113 239
INCOME (LOSS) FROM CONTINUING OPERATIONS 424 413 754 1,242
Income (loss) from discontinued operations 4 3 7 6
NET INCOME (LOSS) 428 416 761 1,248
Less: Net income (loss) attributable to noncontrolling interests 0 0 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 428 416 761 1,248
Income (loss) from continuing operations attributable to Key common shareholders 397 383 674 1,172
Net income (loss) attributable to Key common shareholders $ 401 $ 386 $ 681 $ 1,178
Per Common Share:        
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) $ 0.41 $ 0.39 $ 0.70 $ 1.17
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0 0.01 0.01
Net income (loss) attributable to Key common shareholders (in usd per share) [2] 0.41 0.39 0.70 1.18
Per Common Share — assuming dilution:        
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) 0.41 0.38 0.69 1.16
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0 0.01 0.01
Net income (loss) attributable to Key common shareholders (in usd per share) [2] 0.41 0.39 0.70 1.17
Cash dividends declared per common share (in usd per share) $ 0.185 $ 0.185 $ 0.555 $ 0.525
Weighted-average common shares outstanding (000) (in shares) 967,804 988,319 967,632 998,268
Effect of common share options and other stock awards (in shares) 6,184 10,009 6,648 9,632
Weighted-average common shares and potential common shares outstanding (in shares) [3] 973,988 998,328 974,280 1,007,900
[1] For the three months ended September 30, 2020, we had no net securities gains (losses). For the nine months ended September 30, 2020, net securities gains (losses) totaled $4 million. For the three and nine months ended September 30, 2019, net securities gains (losses) totaled less than $15 million. For the three and nine months ended September 30, 2020, and September 30, 2019, 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.