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Business Segment Reporting | 3 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
Business Segment Reporting | 20. Business Segment Reporting Consumer Bank The Consumer Bank serves individuals and small businesses throughout our 15-state branch footprint and through our Laurel Road digital brand by offering a variety of deposit and investment products, personal finance and financial wellness services, lending, student loan refinancing, mortgage and home equity,credit card, treasury services, and business advisory services. In addition, wealth management and investment services are offered to assist non-profit, and high-net-worth clients with their banking, trust, portfolio management, life insurance, charitable giving, and related needs. Commercial Bank The Commercial Bank is an aggregation of our Institutional and Commercial operating segments. The Commercial operating segment is a full-service corporate bank focused principally on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate, and technology. The Commercial operating segment is also a significant servicer of commercial mortgage loans and a significant special servicer of CMBS. The Institutional operating segment delivers a broad suite of banking and capital markets products to its clients, including syndicated finance, debt and equity capital markets, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance. Other Other includes various corporate treasury activities such as management of our investment securities portfolio, long-term debt, short-term liquidity and funding activities, and balance sheet risk management, our principal investing unit, and various exit portfolios as well as reconciling items which primarily represents the unallocated portion of nonearning assets of corporate support functions. Charges related to the funding of these assets are part of net interest income and are allocated to the business segments through noninterest expense. Reconciling items also include intercompany eliminations and certain items that are not allocated to the business segments because they do not reflect their normal operations. The development and application of the methodologies that we use to allocate items among our business segments is a dynamic process. Accordingly, financial results may be revised periodically to reflect enhanced alignment of expense base allocations drivers, changes in the risk profile of a particular business, or changes in our organizational structure. The table below shows selected financial data for our business segments for the three-month periods ended March 31, 2021, and March 31, 2020. 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 | 2021 | 2020 |  | 2021 | 2020 |  | 2021 | 2020 |  | 2021 | 2020
SUMMARY OF OPERATIONS |  |  |  |  |  |  |  |  |  |  |
Net interest income (TE) | $ | 607 |  | $ | 581 |  |  | $ | 411 |  | $ | 421 |  |  | $ | (6) |  | $ | (13) |  |  | $ | 1,012 |  | $ | 989 |
Noninterest income | 257 |  | 229 |  |  | 447 |  | 220 |  |  | 34 |  | 28 |  |  | 738 |  | 477 |
Total revenue (TE) (a) | 864 |  | 810 |  |  | 858 |  | 641 |  |  | 28 |  | 15 |  |  | 1,750 |  | 1,466 |
Provision for credit losses | (23) |  | 136 |  |  | (67) |  | 222 |  |  | (3) |  | 1 |  |  | (93) |  | 359 |
Depreciation and amortization expense | 18 |  | 21 |  |  | 34 |  | 36 |  |  | 38 |  | 35 |  |  | 90 |  | 92 |
Other noninterest expense | 583 |  | 518 |  |  | 409 |  | 326 |  |  | (11) |  | (5) |  |  | 981 |  | 839 |
Income (loss) from continuing operations before income taxes (TE) | 286 |  | 135 |  |  | 482 |  | 57 |  |  | 4 |  | (16) |  |  | 772 |  | 176 |
Allocated income taxes and TE adjustments | 69 |  | 32 |  |  | 99 |  | (9) |  |  | (14) |  | 8 |  |  | 154 |  | 31 |
Income (loss) from continuing operations | 217 |  | 103 |  |  | 383 |  | 66 |  |  | 18 |  | (24) |  |  | 618 |  | 145 |
Income (loss) from discontinued operations, net of taxes | — |  | — |  |  | — |  | — |  |  | 4 |  | 1 |  |  | 4 |  | 1 |
Net income (loss) | 217 |  | 103 |  |  | 383 |  | 66 |  |  | 22 |  | (23) |  |  | 622 |  | 146 |
Less: Net income (loss) attributable to noncontrolling interests | — |  | — |  |  | — |  | — |  |  | — |  | — |  |  | — |  | — |
Net income (loss) attributable to Key | $ | 217 |  | $ | 103 |  |  | $ | 383 |  | $ | 66 |  |  | $ | 22 |  | $ | (23) |  |  | $ | 622 |  | $ | 146 |
AVERAGE BALANCES (b) |  |  |  |  |  |  |  |  |  |  |
Loans and leases | $ | 39,249 |  | $ | 33,175 |  |  | $ | 60,885 |  | $ | 62,104 |  |  | $ | 594 |  | $ | 895 |  |  | $ | 100,728 |  | $ | 96,174 |
Total assets (a) | 42,476 |  | 36,415 |  |  | 70,114 |  | 71,410 |  |  | 59,643 |  | 38,403 |  |  | 172,233 |  | 146,228 |
Deposits | 85,033 |  | 73,133 |  |  | 51,894 |  | 36,443 |  |  | 813 |  | 752 |  |  | 137,740 |  | 110,328 |
OTHER FINANCIAL DATA |  |  |  |  |  |  |  |  |  |  |
Net loan charge-offs (b) | $ | 36 |  | $ | 43 |  |  | $ | 78 |  | $ | 40 |  |  | $ | — |  | $ | 1 |  |  | $ | 114 |  | $ | 84 |
Return on average allocated equity (b) | 25.76 | % | 12.30 | % |  | 17.47 | % | 5.57 | % |  | 1.34 | % | (1.06) | % |  | 14.11 | % | 3.39 | %
Return on average allocated equity | 25.76 |  | 12.30 |  |  | 17.47 |  | 5.57 |  |  | 1.63 |  | (1.02) |  |  | 14.20 |  | 3.41 |
Average full-time equivalent employees (c) | 8,284 |  | 8,144 |  |  | 2,066 |  | 2,091 |  |  | 6,736 |  | 6,294 |  |  | 17,086 |  | 16,529 |
(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.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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