Business Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

Financial Information of Business Groups

The table below shows selected financial data for our business segments for the three-month periods ended March 31, 2022, and March 31, 2021. Capital is assigned to each business segment based on a combination of regulatory and economic equity.


Three months ended March 31,	Consumer Bank						Commercial Bank						Other						Total Key
Dollars in millions	2022			2021			2022			2021			2022			2021			2022			2021
SUMMARY OF OPERATIONS
Net interest income (TE)	$	543		$	607		$	415		$	411		$	62		$	(6)		$	1,020		$	1,012
Noninterest income	256			257			395			447			25			34			676			738
Total revenue (TE) (a)	799			864			810			858			87			28			1,696			1,750
Provision for credit losses	43			(23)			41			(67)			(1)			(3)			83			(93)
Depreciation and amortization expense	21			18			31			34			18			23			70			75
Other noninterest expense	642			583			386			409			(28)			4			1,000			996
Income (loss) from continuing operations before income taxes (TE)	93			286			352			482			98			4			543			772
Allocated income taxes and TE adjustments	23			69			69			99			4			(14)			96			154
Income (loss) from continuing operations	70			217			283			383			94			18			447			618
Income (loss) from discontinued operations, net of taxes	—			—			—			—			1			4			1			4
Net income (loss)	70			217			283			383			95			22			448			622
Less: Net income (loss) attributable to noncontrolling interests	—			—			—			—			—			—			—			—
Net income (loss) attributable to Key	$	70		$	217		$	283		$	383		$	95		$	22		$	448		$	622

AVERAGE BALANCES (b)
Loans and leases	$	38,637		$	39,249		$	64,701		$	61,221		$	424		$	258		$	103,762		$	100,728
Total assets (a)	41,814			42,476			74,860			70,448			65,915			59,309			182,589			172,233
Deposits	91,468			85,033			57,289			51,894			1,406			813			150,163			137,740
OTHER FINANCIAL DATA
Net loan charge-offs (b)	$	22		$	36		$	11		$	78		$	—		$	—		$	33		$	114
Return on average allocated equity (b)	7.91		%	25.74		%	13.21		%	17.41		%	8.47		%	1.35		%	10.80		%	14.11		%
Return on average allocated equity	7.91			25.74			13.21			17.41			8.56			1.64			10.83			14.20
Average full-time equivalent employees (c)	7,899			8,284			2,402			2,258			6,809			6,544			17,110			17,086

(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.