XML 138 R64.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Business Segment Reporting (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Selected Financial Data for Our Business Segments |
Year ended December 31, | Consumer Bank |  | Commercial Bank
Dollars in millions | 2023 | 2022 | 2021 |  | 2023 | 2022 | 2021
SUMMARY OF OPERATIONS |  |  |  |  |  |  |
Net interest income (TE) | $ | 2,276 |  | $ | 2,409 |  | $ | 2,361 |  |  | $ | 1,811 |  | $ | 1,863 |  | $ | 1,650 |
Noninterest income | 944 |  | 995 |  | 1,068 |  |  | 1,422 |  | 1,600 |  | 1,990 |
Total revenue (TE) (a) | 3,220 |  | 3,404 |  | 3,429 |  |  | 3,233 |  | 3,463 |  | 3,640 |
Provision for credit losses | 111 |  | 193 |  | (118) |  |  | 379 |  | 317 |  | (279) |
Depreciation and amortization expense | 106 |  | 87 |  | 84 |  |  | 99 |  | 113 |  | 134 |
Other noninterest expense | 2,677 |  | 2,644 |  | 2,321 |  |  | 1,703 |  | 1,620 |  | 1,732 |
Income (loss) from continuing operations before income taxes (TE) | 326 |  | 480 |  | 1,142 |  |  | 1,052 |  | 1,413 |  | 2,053 |
Allocated income taxes (benefit) and TE adjustments | 78 |  | 115 |  | 274 |  |  | 213 |  | 269 |  | 412 |
Income (loss) from continuing operations | 248 |  | 365 |  | 868 |  |  | 839 |  | 1,144 |  | 1,641 |
Income (loss) from discontinued operations, net of taxes | — |  | — |  | — |  |  | — |  | — |  | — |
Net income (loss) | 248 |  | 365 |  | 868 |  |  | 839 |  | 1,144 |  | 1,641 |
Less: Net income (loss) attributable to noncontrolling interests | — |  | — |  | — |  |  | — |  | — |  | — |
Net income (loss) attributable to Key | $ | 248 |  | $ | 365 |  | $ | 868 |  |  | $ | 839 |  | $ | 1,144 |  | $ | 1,641 |
AVERAGE BALANCES (b) |  |  |  |  |  |  |
Loans and leases | $ | 42,408 |  | $ | 41,315 |  | $ | 39,422 |  |  | $ | 75,143 |  | $ | 69,549 |  | $ | 60,486 |
Total assets (a) | 45,232 |  | 44,414 |  | 42,656 |  |  | 84,895 |  | 80,068 |  | 70,051 |
Deposits | 83,964 |  | 90,132 |  | 88,474 |  |  | 53,874 |  | 54,672 |  | 55,598 |
OTHER FINANCIAL DATA |  |  |  |  |  |  |
Expenditures for additions to long-lived assets (a), (b) | $ | 72 |  | $ | 52 |  | $ | 39 |  |  | $ | 3 |  | $ | 4 |  | $ | 12 |
Net loan charge-offs (b) | 133 |  | 83 |  | 126 |  |  | 111 |  | 84 |  | 81 |
Return on average allocated equity (b) | 6.92 | % | 10.36 | % | 24.31 | % |  | 8.14 | % | 12.57 | % | 19.21 | %
Return on average allocated equity | 6.92 |  | 10.36 |  | 24.31 |  |  | 8.14 |  | 12.57 |  | 19.21 |
Average full-time equivalent employees (c) | 7,773 |  | 8,101 |  | 8,043 |  |  | 2,484 |  | 2,466 |  | 2,384 |
Year ended December 31, | Other |  | Key
Dollars in millions | 2023 | 2022 | 2021 |  | 2023 | 2022 | 2021
SUMMARY OF OPERATIONS |  |  |  |  |  |  |
Net interest income (TE) | $ | (144) |  | $ | 282 |  | $ | 87 |  |  | $ | 3,943 |  | $ | 4,554 |  | $ | 4,098 |
Noninterest income | 104 |  | 123 |  | 136 |  |  | 2,470 |  | 2,718 |  | 3,194 |
Total revenue (TE) (a) | (40) |  | 405 |  | 223 |  |  | 6,413 |  | 7,272 |  | 7,292 |
Provision for credit losses | (1) |  | (8) |  | (21) |  |  | 489 |  | 502 |  | (418) |
Depreciation and amortization expense | 27 |  | 71 |  | 80 |  |  | 232 |  | 271 |  | 298 |
Other noninterest expense | 122 |  | (125) |  | 78 |  |  | 4,502 |  | 4,139 |  | 4,131 |
Income (loss) from continuing operations before income taxes (TE) | (188) |  | 467 |  | 86 |  |  | 1,190 |  | 2,360 |  | 3,281 |
Allocated income taxes (benefit) and TE adjustments | (65) |  | 65 |  | (17) |  |  | 226 |  | 449 |  | 669 |
Income (loss) from continuing operations | (123) |  | 402 |  | 103 |  |  | 964 |  | 1,911 |  | 2,612 |
Income (loss) from discontinued operations, net of taxes | 3 |  | 6 |  | 13 |  |  | 3 |  | 6 |  | 13 |
Net income (loss) | (120) |  | 408 |  | 116 |  |  | 967 |  | 1,917 |  | 2,625 |
Less: Net income (loss) attributable to noncontrolling interests | — |  | — |  | — |  |  | — |  | — |  | — |
Net income (loss) attributable to Key | $ | (120) |  | $ | 408 |  | $ | 116 |  |  | $ | 967 |  | $ | 1,917 |  | $ | 2,625 |
AVERAGE BALANCES (b) |  |  |  |  |  |  |
Loans and leases | $ | 453 |  | $ | 438 |  | $ | 361 |  |  | $ | 118,004 |  | $ | 111,302 |  | $ | 100,269 |
Total assets (a) | 61,500 |  | 61,404 |  | 66,212 |  |  | 191,627 |  | 185,886 |  | 178,919 |
Deposits | 6,221 |  | 2,058 |  | 963 |  |  | 144,059 |  | 146,862 |  | 145,035 |
OTHER FINANCIAL DATA |  |  |  |  |  |  |
Expenditures for additions to long-lived assets (a), (b) | $ | 118 |  | $ | 198 |  | $ | 63 |  |  | $ | 193 |  | $ | 254 |  | $ | 114 |
Net loan charge-offs (b) | — |  | (6) |  | (23) |  |  | 244 |  | 161 |  | 184 |
Return on average allocated equity (b) | 1,025.00 | % | 19.12 | % | 1.85 | % |  | 6.94 | % | 12.97 | % | 14.79 | %
Return on average allocated equity | 1,000.00 |  | 19.40 |  | 2.09 |  |  | 6.97 |  | 13.01 |  | 14.86 |
Average full-time equivalent employees (c) | 7,435 |  | 7,094 |  | 6,547 |  |  | 17,692 |  | 17,661 |  | 16,974 |
(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.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration