Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA



dollars in millions, except per share amounts	2018			2017			2016			2015			2014			Compound Annual Rate of Change (2014-2018)
YEAR ENDED DECEMBER 31,
Interest income	$	4,878		$	4,390		$	3,319		$	2,622		$	2,554		13.8	%
Interest expense	969			613			400			274			261			30.0
Net interest income	3,909			3,777			2,919			2,348			2,293			11.3
Provision for credit losses	246			229			266			166			57			34.0
Noninterest income	2,515			2,478			2,071			1,880			1,797			7.0
Noninterest expense	3,975			4,098			3,756			2,840			2,761			7.6
Income (loss) from continuing operations before income taxes	2,203			1,928			968			1,222			1,272			11.6
Income (loss) from continuing operations attributable to Key	1,859			1,289			790			915			939			14.6
Income (loss) from discontinued operations, net of taxes	7			7			1			1			(39		)	N/A
Net income (loss) attributable to Key	1,866			1,296			791			916			900			15.7
Income (loss) from continuing operations attributable to Key common shareholders	1,793			1,219			753			892			917			14.4
Income (loss) from discontinued operations, net of taxes	7			7			1			1			(39		)	N/A
Net income (loss) attributable to Key common shareholders	1,800			1,226			754			893			878			15.4
PER COMMON SHARE
Income (loss) from continuing operations attributable to Key common shareholders	$	1.72		$	1.13		$	.81		$	1.06		$	1.05		10.4
Income (loss) from discontinued operations, net of taxes	.01			.01			—			—			(.04		)	N/A
Net income (loss) attributable to Key common shareholders (a)	1.73			1.14			.81			1.06			1.01			11.4
Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution	1.70			1.12			.80			1.05			1.04			10.3
Income (loss) from discontinued operations, net of taxes — assuming dilution	.01			.01			—			—			(.04		)	N/A
Net income (loss) attributable to Key common shareholders — assuming dilution (a)	1.71			1.13			.80			1.05			.99			11.6
Cash dividends paid	.565			.38			.33			.29			.25			17.7
Book value at year end	13.90			13.09			12.58			12.51			11.91			3.1
Tangible book value at year end	11.14			10.35			9.99			11.22			10.65			.9
Market price at year end	14.78			20.17			18.27			13.19			13.90			1.2
Dividend payout ratio	32.7		%	33.3		%	40.7		%	27.4		%	24.8		%	N/A
Weighted-average common shares outstanding (000)	1,040,890			1,072,078			927,816			834,846			871,464			3.6
Weighted-average common shares and potential common shares outstanding (000) (b)	1,054,682			1,088,593			938,536			844,489			878,199			3.7
AT DECEMBER 31,
Loans	$	89,552		$	86,405		$	86,038		$	59,876		$	57,381		9.3	%
Earning assets	125,803			123,490			121,966			83,780			82,269			8.9
Total assets	139,613			137,698			136,453			95,131			93,820			8.3
Deposits	107,309			105,235			104,087			71,046			71,998			8.3
Long-term debt	13,732			14,333			12,384			10,184			7,874			11.8
Key common shareholders’ equity	14,145			13,998			13,575			10,456			10,239			6.7
Key shareholders’ equity	15,595			15,023			15,240			10,746			10,530			8.2
PERFORMANCE RATIOS — FROM CONTINUING OPERATIONS
Return on average total assets	1.36		%	.96		%	.70		%	.99		%	1.08		%	N/A
Return on average common equity	12.88			8.65			6.26			8.63			9.01			N/A
Return on average tangible common equity (c)	16.22			10.84			7.39			9.64			10.04			N/A
Net interest margin (TE)	3.17			3.17			2.92			2.88			2.97			N/A
Cash efficiency ratio (c)	60.0			63.5			73.7			65.9			66.2			N/A
PERFORMANCE RATIOS — FROM CONSOLIDATED OPERATIONS
Return on average total assets	1.35		%	.96		%	.69		%	.97		%	.99		%	N/A
Return on average common equity	12.93			8.70			6.27			8.64			8.63			N/A
Return on average tangible common equity (c)	16.28			10.90			7.40			9.65			9.61			N/A
Net interest margin (TE)	3.15			3.15			2.91			2.85			2.94			N/A
Loan to deposit (d)	85.6			84.4			85.2			87.8			84.6			N/A
CAPITAL RATIOS AT DECEMBER 31,
Key shareholders’ equity to assets	11.17		%	10.91		%	11.17		%	11.30		%	11.22		%	N/A
Key common shareholders’ equity to assets	10.15			10.17			9.95			10.99			10.91			N/A
Tangible common equity to tangible assets (c)	8.30			8.23			8.09			9.98			9.88			N/A
Common Equity Tier 1	9.93			10.16			9.54			10.94			N/A			N/A
Tier 1 common equity	N/A			N/A			N/A			N/A			11.17			N/A
Tier 1 risk-based capital	11.08			11.01			10.89			11.35			11.90			N/A
Total risk-based capital	12.89			12.92			12.85			12.97			13.89			N/A
Leverage	9.89			9.73			9.90			10.72			11.26			N/A
TRUST ASSETS
Assets under management	$	36,775		$	39,588		$	36,592		$	33,983		$	39,157		(1.2	)%
OTHER DATA
Average full-time-equivalent employees	18,180			18,415			15,700			13,483			13,853			5.6	%
Branches	1,159			1,197			1,217			966			994			3.1


(a)	EPS may not foot due to rounding.


(b)	Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable.


(c)	See the section entitled “GAAP to Non-GAAP Reconciliations,” which presents the computations of certain financial measures related to “tangible common equity” and “cash efficiency.” The section includes tables that reconcile the GAAP performance measures to the corresponding non-GAAP measures, which provides a basis for period-to-period comparisons.


(d)	Represents period-end consolidated total loans and loans held for sale (excluding education loans in securitizations trusts for periods prior to 2014) divided by period-end consolidated total deposits (excluding deposits in foreign office).

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