Business Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Selected Financial Data for Our Business Segments

The table below shows selected financial data for our business segments for the three- and six-month periods ended June 30, 2023, and June 30, 2022. Capital is assigned to each business segment based on a combination of regulatory and economic equity.

Three months ended June 30,	Consumer Bank						Commercial Bank						Other						Total Key
Dollars in millions	2023			2022			2023			2022			2023			2022			2023			2022
SUMMARY OF OPERATIONS
Net interest income (TE)	$	558		$	604		$	459		$	470		$	(31)		$	30		$	986		$	1,104
Noninterest income	245			254			346			404			18			30			609			688
Total revenue (TE) (a)	803			858			805			874			(13)			60			1,595			1,792
Provision for credit losses	32			8			134			37			1			—			167			45
Depreciation and amortization expense	21			22			22			30			17			17			60			69
Other noninterest expense	642			659			383			381			(9)			(31)			1,016			1,009
Income (loss) from continuing operations before income taxes (TE)	108			169			266			426			(22)			74			352			669
Allocated income taxes and TE adjustments	26			41			52			86			(12)			12			66			139
Income (loss) from continuing operations	82			128			214			340			(10)			62			286			530
Income (loss) from discontinued operations, net of taxes	—			—			—			—			1			3			1			3
Net income (loss)	82			128			214			340			(9)			65			287			533
Less: Net income (loss) attributable to noncontrolling interests	—			—			—			—			—			—			—			—
Net income (loss) attributable to Key	$	82		$	128		$	214		$	340		$	(9)		$	65		$	287		$	533
AVERAGE BALANCES (b)
Loans and leases	$	42,934		$	40,827		$	77,277		$	67,825		$	461		$	486		$	120,672		$	109,138
Total assets (a)	45,761			43,897			87,106			78,816			63,593			60,814			196,460			183,527
Deposits	82,498			91,394			51,420			54,846			8,985			1,231			142,903			147,471
OTHER FINANCIAL DATA
Net loan charge-offs (b)	$	32		$	23		$	20		$	21		$	—		$	—		$	52		$	44
Return on average allocated equity (b)	9.04		%	13.94		%	8.17		%	15.29		%	(14.75)		%	13.84		%	7.96		%	14.76		%
Return on average allocated equity	9.04			13.94			8.17			15.29			(13.27)			14.51			7.99			14.85
Average full-time equivalent employees (c)	7,829			8,074			2,487			2,408			7,438			6,932			17,754			17,414

(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	2023			2022			2023			2022			2023				2022			2023			2022
SUMMARY OF OPERATIONS
Net interest income (TE)	$	1,170		$	1,157		$	937		$	893		$	(15)			$	74		$	2,092		$	2,124
Noninterest income	473			511			712			798			32				55			1,217			1,364
Total revenue (TE) (a)	1,643			1,668			1,649			1,691			17				129			3,309			3,488
Provision for credit losses	92			51			215			78			(1)				(1)			306			128
Depreciation and amortization expense	42			43			46			61			33				35			121			139
Other noninterest expense	1,284			1,308			801			763			46				(62)			2,131			2,009
Income (loss) from continuing operations before income taxes (TE)	225			266			587			789			(61)				157			751			1,212
Allocated income taxes and TE adjustments	54			64			118			157			(18)				14			154			235
Income (loss) from continuing operations	171			202			469			632			(43)				143			597			977
Income (loss) from discontinued operations, net of taxes	—			—			—			—			2				4			2			4
Net income (loss)	171			202			469			632			(41)				147			599			981
Less: Net income (loss) attributable to noncontrolling interests	—			—			—			—			—				—			—			—
Net income (loss) attributable to Key	$	171		$	202		$	469		$	632		$	(41)		(d)	$	147		$	599		$	981
AVERAGE BALANCES (b)
Loans and leases	$	43,009		$	39,746		$	76,794		$	66,263		$	454			$	456		$	120,257		$	106,465
Total assets (a)	45,847			42,856			86,483			76,827			61,342				63,377			193,672			183,060
Deposits	83,561			91,517			51,818			56,037			7,774				1,255			143,153			148,809
OTHER FINANCIAL DATA
Net loan charge-offs (b)	$	57		$	45		$	40		$	32		—				—			$	97		$	77
Return on average allocated equity (b)	9.46		%	11.20		%	9.09		%	14.48		%	(133.40)		%		9.18		%	8.53		%	12.64		%
Return on average allocated equity	9.46			11.20			9.09			14.48			(127.20)				9.43			8.56			12.69
Average full-time equivalent employees (c)	7,962			8,012			2,502			2,412			7,523				6,838			17,987			17,262

(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.