KeyBank 2014 Annual Report Download - page 227
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Developing and applying the methodologies that we use to allocate items among our lines of business is a
dynamic process. Accordingly, financial results may be revised periodically to reflect enhanced alignment of
expense base allocation drivers, changes in the risk profile of a particular business, or changes in our
organizational structure.
Year ended December 31, Key Community Bank Key Corporate Bank
dollars in millions 2014 2013 2012 2014 2013 2012
SUMMARY OF OPERATIONS
Net interest income (TE) $ 1,448 $ 1,532 $ 1,537 $ 830 $ 785 $ 781
Noninterest income 769 784 771 800 751 718
Total revenue (TE) (a) 2,217 2,316 2,308 1,630 1,536 1,499
Provision (credit) for loan and lease losses 74 155 150 (2) (3) 30
Depreciation and amortization expense 65 76 55 31 28 35
Other noninterest expense 1,705 1,759 1,845 817 771 758
Income (loss) from continuing operations before income taxes (TE) 373 326 258 784 740 676
Allocated income taxes (benefit) and TE adjustments 139 121 96 285 265 248
Income (loss) from continuing operations 234 205 162 499 475 428
Income (loss) from discontinued operations, net of taxes ——————
Net income (loss) 234 205 162 499 475 428
Less: Net income (loss) attributable to noncontrolling interests ——— 2—3
Net income (loss) attributable to Key $ 234 $ 205 $ 162 $ 497 $ 475 $ 425
AVERAGE BALANCES (b)
Loans and leases $ 30,105 $ 29,311 $ 27,202 $ 22,452 $ 19,822 $ 18,328
Total assets (a) 32,231 31,634 29,622 26,312 23,628 22,252
Deposits 50,325 49,804 48,708 16,793 15,696 12,572
OTHER FINANCIAL DATA
Expenditures for additions to long-lived assets (a), (b) $8$ 6 $ 318 $9$9$10
Net loan charge-offs (b) 117 147 195 (19) 363
Return on average allocated equity (b) 8.60% 6.98% 5.63% 32.42% 30.55% 25.79%
Return on average allocated equity 8.60 6.98 5.63 32.42 30.55 25.79
Average full-time equivalent employees (c) 7,563 8,243 8,828 1,923 1,839 1,856
(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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