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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
INTEREST INCOME      
Loans $ 6,219 $ 4,241 $ 3,532
Loans held for sale 61 56 50
Securities available for sale 793 752 546
Held-to-maturity securities 312 213 185
Trading account assets 55 31 19
Short-term investments 414 97 28
Other investments 73 22 7
Total interest income 7,927 5,412 4,367
INTEREST EXPENSE      
Deposits 2,322 279 67
Federal funds purchased and securities sold under repurchase agreements 79 41 0
Bank notes and other short-term borrowings 308 90 8
Long-term debt 1,305 475 221
Total interest expense 4,014 885 296
NET INTEREST INCOME 3,913 4,527 4,071
Provision for credit losses 489 502 (418)
Net interest income after provision for credit losses 3,424 4,025 4,489
NONINTEREST INCOME      
Trust and investment services income 516 526 530
Investment banking and debt placement fees 542 638 937
Cards and payments income 340 341 415
Service charges on deposit accounts 270 350 337
Corporate services income 302 372 288
Commercial mortgage servicing fees 190 167 160
Corporate-owned life insurance income 132 132 128
Consumer mortgage income 51 58 131
Operating lease income and other leasing gains 92 103 148
Other income [1] 35 31 120
Total noninterest income 2,470 2,718 3,194
NONINTEREST EXPENSE      
Personnel 2,660 2,566 2,561
Net occupancy 267 295 300
Computer processing 368 314 284
Business services and professional fees 168 212 227
Equipment 88 92 100
Operating lease expense 77 101 126
Marketing 109 123 126
Other expense 997 707 705
Total noninterest expense 4,734 4,410 4,429
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 1,160 2,333 3,254
Income taxes 196 422 642
INCOME (LOSS) FROM CONTINUING OPERATIONS 964 1,911 2,612
Income (loss) from discontinued operations 3 6 13
NET INCOME (LOSS) 967 1,917 2,625
Less: Net income (loss) attributable to noncontrolling interests 0 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 967 1,917 2,625
Income (loss) from continuing operations attributable to Key common shareholders 821 1,793 2,506
Net income (loss) attributable to Key common shareholders $ 824 $ 1,799 $ 2,519
Per Common Share:      
Income (loss) from continuing operations attributable to Key common shareholders (in dollars per share) $ 0.88 $ 1.94 $ 2.64
Income (loss) from discontinued operations, net of taxes (in dollars per share) 0 0.01 0.01
Net income (loss) attributable to Key common shareholders (in dollars per share) [2] 0.89 1.94 2.65
Per Common Share — assuming dilution:      
Income (loss) from continuing operations attributable to Key common shareholders (in dollars per share) 0.88 1.92 2.62
Income (loss) from discontinued operations, net of taxes (in dollars per share) 0 0.01 0.01
Net income (loss) attributable to Key common shareholders (in dollars per share) [2] $ 0.88 $ 1.93 $ 2.63
Weighted-average common shares outstanding (in shares) 927,217 924,363 947,065
Effect of convertible preferred stock (in shares) 0 0 0
Effect of common share options and other stock awards (in shares) 5,542 8,696 10,349
Weighted-average common shares and potential common shares outstanding (in shares) [3] 932,759 933,059 957,414
[1] Net securities gains (losses) totaled $(11) million for the year ended December 31, 2023, $9 million for the year ended December 31, 2022, and $7 million for the year ended December 31, 2021.
[2] EPS may not foot due to rounding.
[3] Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable.