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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST INCOME    
Loans $ 837 $ 889
Loans held for sale 12 11
Securities available for sale 173 130
Held-to-maturity securities 46 45
Trading account assets 6 5
Short-term investments 4 5
Other investments 2 2
Total interest income 1,080 1,087
INTEREST EXPENSE    
Deposits 14 21
Federal funds purchased and securities sold under repurchase agreements 0 0
Bank notes and other short-term borrowings 3 1
Long-term debt 49 60
Total interest expense 66 82
NET INTEREST INCOME 1,014 1,005
Provision for credit losses 83 (93)
Net interest income after provision for credit losses 931 1,098
NONINTEREST INCOME    
Trust and investment services income 136 133
Investment banking and debt placement fees 163 162
Service charges on deposit accounts 91 73
Operating lease income and other leasing gains 32 38
Corporate services income 90 64
Cards and payments income 80 105
Corporate-owned life insurance income 31 31
Consumer mortgage income 21 47
Commercial mortgage servicing fees 36 34
Other income [1] (4) 51
Total noninterest income 676 738
NONINTEREST EXPENSE    
Personnel 630 624
Net occupancy 73 76
Computer processing 77 73
Business services and professional fees 53 50
Equipment 23 25
Operating lease expense 28 34
Marketing 28 26
Other expense 158 163
Total noninterest expense 1,070 1,071
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 537 765
Income taxes 90 147
INCOME (LOSS) FROM CONTINUING OPERATIONS 447 618
Income (loss) from discontinued operations 1 4
NET INCOME (LOSS) 448 622
Less: Net income (loss) attributable to noncontrolling interests 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 448 622
Income (loss) from continuing operations attributable to Key common shareholders 420 591
Net income (loss) attributable to Key common shareholders $ 421 $ 595
Per Common Share:    
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) $ 0.45 $ 0.61
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0
Net income (loss) attributable to Key common shareholders (in usd per share) [2] 0.46 0.62
Per Common Share — assuming dilution:    
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) 0.45 0.61
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0
Net income (loss) attributable to Key common shareholders (in usd per share) [2] 0.45 0.61
Cash dividends declared per common share (in usd per share) $ 0.195 $ 0.185
Weighted-average common shares outstanding (000) (in shares) 922,941 964,878
Effect of common share options and other stock awards (in shares) 10,692 9,419
Weighted-average common shares and potential common shares outstanding (in shares) [3] 933,634 974,297
[1] For the three months ended March 31, 2022, and March 31, 2021, we had no net securities gains (losses). For the three months ended March 31, 2022, and March 31, 2021, 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.