Line of Business Results (Tables)

6 Months Ended

Jun. 30, 2012

Line of Business Results [Abstract]

Financial Information of Business Groups

Three months ended June 30,	Key Community Bank						Key Corporate Bank
dollars in millions	2012			2011			2012			2011
SUMMARY OF OPERATIONS
Net interest income (TE)	$	348		$	374		$	182		$	176
Noninterest income		189			185			210			215
Total revenue (TE) (a)		537			559			392			391
Provision (credit) for loan and lease losses		11			79			4			(76)
Depreciation and amortization expense		9			10			13			19
Other noninterest expense		467			437			205			188
Income (loss) from continuing operations before income taxes (TE)		50			33			170			260
Allocated income taxes and TE adjustments		9			(1)			62			95
Income (loss) from continuing operations		41			34			108			165
Income (loss) from discontinued operations, net of taxes		—			—			—			—
Net income (loss)		41			34			108			165
Less: Net income (loss) attributable to noncontrolling interests		—			—			3			1
Net income (loss) attributable to Key	$	41		$	34		$	105		$	164
AVERAGE BALANCES (b)
Loans and leases	$	27,043		$	26,242		$	18,532		$	17,168
Total assets (a)		30,638			29,687			22,715			21,468
Deposits		48,253			47,719			12,409			10,195
OTHER FINANCIAL DATA
Net loan charge-offs (b)	$	50		$	79		$	9		$	29
Return on average allocated equity (b)		5.73	%		4.22	%		23.61	%		28.26 %
Return on average allocated equity		5.73			4.22			23.61			28.26
Average full-time equivalent employees (c)		8,757			8,504			2,257			2,191
Six months ended June 30,	Key Community Bank						Key Corporate Bank
dollars in millions	2012			2011			2012			2011
SUMMARY OF OPERATIONS
Net interest income (TE)	$	701		$	752		$	369		$	362
Noninterest income		365			371			424			434
Total revenue (TE) (a)		1,066			1,123			793			796
Provision (credit) for loan and lease losses		13			90			17			(97)
Depreciation and amortization expense		19			19			26			39
Other noninterest expense		914			874			423			396
Income (loss) from continuing operations before income taxes (TE)		120			140			327			458
Allocated income taxes and TE adjustments		21			25			119			168
Income (loss) from continuing operations		99			115			208			290
Income (loss) from discontinued operations, net of taxes		—			—			—			—
Net income (loss)		99			115			208			290
Less: Net income (loss) attributable to noncontrolling interests		—			—			3			—
Net income (loss) attributable to Key	$	99			115		$	205			290
AVERAGE BALANCES (b)
Loans and leases	$	26,830			26,277		$	18,558			17,421
Total assets (a)		30,416			29,713			22,789			21,607
Deposits		48,011			47,912			11,982			10,736
OTHER FINANCIAL DATA
Net loan charge-offs (b)	$	99		$	155		$	34		$	104
Return on average allocated equity (b)		6.82	%		7.11	%		22.30	%		23.78 %
Return on average allocated equity		6.82			7.11			22.30			23.78
Average full-time equivalent employees (c)		8,738			8,441			2,256			2,173

(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 has not been adjusted for discontinued operations.

Other Segments						Total Segments						Reconciling Items						Key
2012			2011			2012			2011			2012			2011			2012			2011
$	12		$	13		$	542		$	563		$	2		$	7		$	544		$	570
	87			55			486			455			(1	)		(1)			485			454
	99			68			1,028			1,018			1			6			1,029			1,024
	6			(10)			21			(7)			—			(1)			21			(8)
	2			5			24			34			35			35			59			69
	19			20			691			645			(36	)		(34)			655			611
	72			53			292			346			2			6			294			352
	16			9			87			103			(24	)		(3)			63			100
	56			44			205			243			26			9			231			252
	—			—			—			—			10			(9)			10			(9)
	56			44			205			243			36			—			241			243
	2			2			5			3			—			—			5			3
$	54		$	42		$	200		$	240		$	36		$	—		$	236		$	240
$	3,804		$	4,985		$	49,379		$	48,395		$	67		$	59		$	49,446		$	48,454
	26,862			28,965			80,215			80,120			705			1,266			80,920			81,386
	510			801			61,172			58,715			(109	)		(174)			61,063			58,541
$	18		$	26		$	77		$	134			—			—		$	77		$	134
	31.57	%		20.82	%		15.02	%		15.12	%		2.20	%		1.13	%		9.00	%		10.45	%
	31.57			20.82			15.02			15.12			3.05			—			9.40			10.07
	6			23			11,020			10,718			4,435			4,631			15,455			15,349
Other Segments						Total Segments						Reconciling Items						Key
2012			2011			2012			2011			2012			2011			2012			2011
$	27		$	46		$	1,097		$	1,160		$	6		$	14		$	1,103		$	1,174
	176			115			965			920			(8	)		(9)			957			911
	203			161			2,062			2,080			(2	)		5			2,060			2,085
	33			(35)			63			(42)			—			(6)			63			(48)
	5			10			50			68			69			75			119			143
	40			44			1,377			1,314			(79	)		(76)			1,298			1,238
	125			142			572			740			8			12			580			752
	24			32			164			225			(20	)		(7)			144			218
	101			110			408			515			28			19			436			534
	—			—			—			—			5			(20)			5			(20)
	101			110			408			515			33			(1)			441			514
	2			11			5			11			—			—			5			11
$	99		$	99		$	403		$	504		$	33		$	(1)		$	436		$	503
$	3,997		$	5,139		$	49,385		$	48,837		$	53		$	44		$	49,438		$	48,881
	26,723			30,157			79,928			81,477			765			1,355			80,693			82,832
	498			786			60,491			59,434			(144	)		(148)			60,347			59,286
$	45		$	69		$	178		$	328			—		$	(1)		$	178		$	327
	28.73	%		24.29	%		14.83	%		15.54	%		1.23	%		1.00	%		8.63	%		10.16	%
	28.73			24.29			14.83			15.54			1.45			(.05)			8.73			9.77
	5			43			10,999			10,657			4,431			4,669			15,430			15,326

Supplementary information (Key Corporate Bank lines of business)

		Real Estate Capital and																Institutional and
Three months ended June 30,		Corporate Banking Services								Equipment Finance								Capital Markets
dollars in millions		2012				2011				2012				2011				2012				2011
Total revenue (TE)	$		176		$		156		$		57		$		63		$		159		$		172
Provision (credit) for loan and lease losses			5				(49)				6				(30)				(7)				3
Noninterest expense			63				50				37				45				118				112
Net income (loss) attributable to Key			65				97				9				30				31				37
Average loans and leases			7,343				7,713				4,886				4,545				6,303				4,910
Average loans held for sale			337				229				23				—				154				73
Average deposits			9,190				7,371				7				12				3,212				2,812
Net loan charge-offs			7				26				4				2				(2)				1
Net loan charge-offs to average loans			.38	%			1.35	%			.33	%			.18	%			(.13)	%			.08	%
Nonperforming assets at period end	$		186		$		245		$		33		$		39		$		29		$		55
Return on average allocated equity			30.90	%			31.13	%			14.48	%			35.81	%			17.99	%			20.00	%
Average full-time equivalent employees			950				902				464				511				843				778
		Real Estate Capital and																Institutional and
Six months ended June 30,		Corporate Banking Services								Equipment Finance								Capital Markets
dollars in millions		2012				2011				2012				2011				2012				2011
Total revenue (TE)	$		337		$		324		$		122		$		126		$		334		$		346
Provision (credit) for loan and lease losses			4				(39)				4				(56)				9				(2)
Noninterest expense			122				118				75				98				252				219
Net income (loss) attributable to Key			129				154				27				53				49				83
Average loans and leases			7,521				8,146				4,833				4,583				6,204				4,692
Average loans held for sale			314				185				23				2				174				102
Average deposits			8,705				7,987				7				9				3,270				2,740
Net loan charge-offs			23				91				9				12				2				1
Net loan charge-offs to average loans			.61	%			2.25	%			.37	%			.53	%			.06	%			.04
Nonperforming assets at period end	$		186		$		245		$		33		$		39		$		29		$		55
Return on average allocated equity			29.15	%			22.72	%			20.88	%			31.34	%			14.10	%			22.29	%
Average full-time equivalent employees			951				892				466				516				839				765