KeyCorp Reports First Quarter 2013 Net Income of $196 Million, or $.21 per Common Share

  KeyCorp Reports First Quarter 2013 Net Income of $196 Million, or $.21 per
                                 Common Share

Net interest income was $583 million, up $30 million, or 5.4% from first
quarter of 2012

Average total loans increased to $52.6 billion, up 6.5% from first quarter of
2012 led by 16.4% growth in commercial and industrial loans

Average total deposits increased to $63.6 billion, up 6.7% from first quarter
of 2012

Net loan charge-offs declined 51% from one year ago to $49 million
representing 38 basis points of average total loans

First quarter expenses were $681 million including $15 million of charges for
efficiency initiative

Cash efficiency ratio improved to 66.0% from 67.7% one year ago

PR Newswire

CLEVELAND, April 18, 2013

CLEVELAND, April 18, 2013 /PRNewswire/ --KeyCorp (NYSE: KEY) today announced
first quarter net income from continuing operations attributable to Key common
shareholders of $196 million, or $.21 per common share, compared to $190
million, or $.20 per common share for the fourth quarter of 2012, and $195
million, or $.20 per common share for the first quarter of 2012. During the
first quarter Key incurred $15 million, or $.01 per common share of costs
associated with its previously announced efficiency initiative.

SIGNIFICANT EVENTS

Agreement to sell Victory Capital Management and Victory Capital Advisors

  oVictory results moved to discontinued operations for all periods presented
  oSale expected to close during the third quarter of 2013
  oEstimated after-tax gain to be in the range of $145-$155 million

Continued progress on efficiency initiative

  oCash efficiency ratio improved to 66.0%
  oNoninterest expense of $15 million, or $.01 per share associated with
    efficiency initiative during the first quarter of 2013
  oRun rate savings of approximately $105 million annualized

Executing on capital management priorities

  oKey's capital plan received no objection from the Federal Reserve
  oBoard authorized a common share repurchase program of up to $426 million
  oBoard will consider an increase to the quarterly common share dividend to
    $.055 per share at May meeting
  oKey seeking no objection from the Federal Reserve to use the gain realized
    from the sale of Victory to repurchase common shares

"Our first quarter results highlight the strength of our business model and
the progress we are making to ensure that Key is well-positioned for future
growth," said Chairman and Chief Executive Officer Beth E. Mooney. "We
continued to experience growth in average loans; however, our customers
remained cautious regarding the overall strength of the economy and were
somewhat restrained in their borrowing during the quarter following a very
strong fourth quarter. Credit quality improved once again and we showed good
progress controlling our expenses and improving our cash efficiency ratio to
66% during the quarter."

"Through the first quarter, we have realized $105 million in annualized
expense savings, significant progress toward our $200 million goal by the end
of 2013," continued Mooney. "During the second quarter we expect to make
further progress on our efficiency efforts as we consolidate branch locations
and continue to work toward creating a variable cost base."

Mooney added: "Capital management also remains a priority for Key. In the
first quarter, we repurchased 6.8 million shares and over the next four
quarters, we expect to return a significant amount of our net income to
shareholders through our planned capital actions we announced last month at
the conclusion of the CCAR review. Our plan included a share repurchase
program of up to $426 million, which the Board approved last month, and an
opportunity to increase the quarterly common share dividend by 10% to $.055
per share, which the Board will evaluate at their May meeting."

FIRST QUARTER 2013 FINANCIAL RESULTS

  oNet interest income of $583 million, up $30 million from one year ago
  oNet interest margin of 3.24%, up eight (8) basis points from the first
    quarter of 2012
  oContinued average loan growth driven by 16.4% increase in commercial,
    financial and agricultural loans from one year ago
  oAverage deposits increased 6.7% from the first quarter of 2012
  oNoninterest expense included $15 million associated with the efficiency
    initiative
  oCash efficiency ratio improved to 66.0%, down from 67.7% one year ago
  oNet loan charge-offs decreased 51% from the first quarter of 2012 to .38%
    of average total loans
  oMaintained solid balance sheet with Tier 1 common equity of 11.39%



Selected Financial Highlights
dollars in millions, except per share data                   Change 1Q13 vs.
                                1Q13      4Q12      1Q12     4Q12      1Q12
Income (loss) from continuing
operations attributable to    $ 196     $ 190     $ 195      3.2    %  .5    %
Key common shareholders
Income (loss) from continuing
operations attributable to
Key common shareholders per    .21       .20       .20      5.0       5.0

common share — assuming
dilution
Return on average total
assets from continuing          .99   %   .96   %   1.01  %  N/A       N/A
operations
Tier 1 common equity            11.39     11.36     11.55    N/A       N/A
Book value at period end      $ 10.89   $ 10.78   $ 10.26    1.0    %  6.1   %
Net interest margin (TE) from   3.24  %   3.37  %   3.16  %  N/A       N/A
continuing operations
TE = Taxable Equivalent, N/A
= Not Applicable
INCOME STATEMENT HIGHLIGHTS
Revenue
dollars in millions                                          Change 1Q13 vs.
                                1Q13      4Q12      1Q12     4Q12      1Q12
Net interest income (TE)      $ 589     $ 607     $ 559      (3.0)  %  5.4   %
Noninterest income              425       439       442      (3.2)     (3.8)
         Total revenue        $ 1,014   $ 1,046   $ 1,001    (3.1)  %  1.3   %
TE = Taxable Equivalent

Taxable-equivalent net interest income was $589 million for the first quarter
of 2013, and the net interest margin was 3.24%. These results compare to
taxable-equivalent net interest income of $559 million and a net interest
margin of 3.16% for the first quarter of 2012. The increase in net interest
income and the net interest margin was primarily a result of a change in
funding mix from the redemption of certain trust preferred securities,
maturity of long-term debt, and maturity of higher-costing certificates of
deposit during 2012.

Compared to the fourth quarter of 2012, taxable-equivalent net interest income
decreased by $18 million, and the net interest margin declined by 13 basis
points. The decrease in net interest income was primarily due to a lower day
count and a decline in the net interest margin, which was partially offset by
an increase in average earning asset balances. The decline in the net
interest margin was largely attributable to lower yields on loans and
investment securities and an increase in short-term investments.

Noninterest Income ^
(a)
dollars in millions                                         Change 1Q13 vs.
                            1Q13       4Q12       1Q12      4Q12      1Q12
Trust and investment     $  95      $  95      $  96        -         (1.0)  %
services income
Investment banking and      79         110        61        (28.2) %  29.5
debt placement fees
Service charges on          69         75         68        (8.0)     1.5
deposit accounts
Operating lease income
and other leasing           23         19         52        21.1      (55.8)
gains
Corporate services          45         41         44        9.8       2.3
income
Cards and payments          37         38         29        (2.6)     27.6
income
Corporate-owned life        30         36         30        (16.7)    —
insurance income
Consumer mortgage           7          11         9         (36.4)    (22.2)
income
Net gains (losses)
from principal              8          2          35        300.0     (77.1)
investing
Other income                32         12         18        166.7     77.8
     Total noninterest   $  425     $  439     $  442       (3.2)  %  (3.8)  %
     income
(a) The noninterest income line items in the table above have been changed
for the current quarter and all prior quarters to reflect Key's current
business mix.

Key's noninterest income was $425 million for the first quarter of 2013,
compared to $442 million for the year-ago quarter. Operating lease income and
other leasing gains decreased $29 million primarily due to a $20 million gain
on the early termination of a leveraged lease one year ago, and net gains
(losses) from principal investing decreased by $27 million. These decreases
were partially offset by an $18 million increase in investment banking and
debt placement fees and a $14 million increase in other income.

Compared to the fourth quarter of 2012, noninterest income decreased by $14
million. Investment banking and debt placement fees declined $31 million.
Service charges on deposit accounts and corporate-owned life insurance income
each decreased $6 million. These declines in noninterest income were
partially offset by a $6 million increase in net gains (losses) from principal
investing and a $20 million increase in other income.



Noninterest Expense
dollars in millions                                  Change 1Q13 vs.
                              1Q13    4Q12    1Q12   4Q12      1Q12
Personnel expense           $ 391   $ 422   $ 372    (7.3)  %  5.1   %
Nonpersonnel expense          290     312     307    (7.1)     (5.5)
 Total noninterest expense  $ 681   $ 734   $ 679    (7.2)  %  .3    %
N/M = Not Meaningful

Key's noninterest expense was $681 million for the first quarter of 2013,
compared to $679 million for the same period last year. Personnel expense
increased $19 million due to several factors – an increase in technology
contract labor; higher incentive compensation expense accruals; and severance
expense associated with Key's efficiency initiative. Nonpersonnel expense
decreased $17 million from one year ago. Marketing expense, operating lease
expense and various other miscellaneous expenses decreased from the year ago
quarter. These declines were partially offset by an increase of $11 million
related to the amortization of the intangible assets associated with the third
quarter 2012 acquisitions of the previously announced credit card portfolio as
well as the branches in Western New York.

Compared to the fourth quarter of 2012, noninterest expense decreased by $53
million. Personnel expense declined $31 million as salaries, technology
contract labor, incentive compensation, employee benefits, stock-based
compensation and severance expenses were all down from the fourth quarter of
2012. Nonpersonnel expense decreased $22 million from the fourth quarter of
2012. Business services and professional fees declined $19 million, and
marketing expense decreased $14 million. These decreases were partially offset
by an increase in the provision (credit) for losses on lending-related
commitments, which was an expense of $3 million for the current quarter
compared to a credit of $14 million for the prior quarter.

BALANCE SHEET HIGHLIGHTS

As of March 31, 2013 and December 31, 2012, Key had total assets of $89.2
billion compared to $87.4 billion at March 31, 2012.

Average Loans
dollars in                                                Change 3-31-13 vs.
millions
                     3-31-13       12-31-12     3-31-12   12-31-12   3-31-12
Commercial,
financial and        $  23,317     $  22,436    $ 20,031    3.9    %   16.4  %
agricultural ^ (a)
Other commercial        13,493       13,494      14,730    N/M        (8.4)
loans
Total home equity       10,200       10,218      9,694     (.2)       5.2
loans
Other consumer          5,616        5,711       4,975     (1.7)      12.9
loans
      Total loans    $  52,626     $  51,859    $ 49,430    1.5    %   6.5   %
(a) Commercial, financial and agricultural average balance for the three
months ended March 31, 2013 and December 31, 2012 includes $91 million and
$90 million of assets from commercial credit cards, respectively.

Average loans were $52.6 billion for the first quarter of 2013, an increase of
$3.2 billion compared to the first quarter of 2012. Commercial, financial and
agricultural loans grew by $3.3 billion over the year-ago quarter, with strong
growth across Key's corporate and middle market segments. In addition, the
third quarter 2012 credit card portfolio and Western New York branch
acquisitions added $1 billion of mostly consumer loans. This growth was
partially offset by managed declines in the commercial real estate portfolio,
the equipment lease portfolio, which included the early termination of certain
leveraged leases in the exit portfolio in 2012, and run-off of consumer loans
in the designated exit portfolio.

Compared to the fourth quarter of 2012, average loans increased by $767
million. This average loan growth was attributable to an increase in
commercial, financial and agricultural loans, partially offset by a decrease
in home equity and other consumer loans.

Key originated approximately $8.5 billion in new or renewed lending
commitments to consumers and businesses during the first quarter of 2013,
compared to $10.2 billion during the fourth quarter of 2012 and $8.3 billion
during the first quarter of 2012.

Average Deposits
dollars in millions                                       Change 3-31-13 vs.
                       3-31-13    12-31-12   3-31-12    12-31-12     3-31-12
Non-time deposits      $ 56,273   $ 56,229   $ 49,560     .1      %   13.5   %
Certificates of
deposits ($100,000 or    2,911      2,992      4,036      (2.7)       (27.9)
more)
Other time deposits      4,451      4,714      6,035      (5.6)       (26.2)
     Total deposits    $ 63,635   $ 63,935   $ 59,631     (.5)    %   6.7    %
Cost of
interest-bearing         .43    %   .47    %   .76    %   N/A         N/A
deposits
N/A = Not Applicable

Average deposits totaled $63.6 billion for the first quarter of 2013, an
increase of $4 billion compared to the year-ago quarter. The growth reflects
an increase in demand deposits of $2.9 billion and interest-bearing non-time
deposits of $4.1 billion (including the impact of Key's third quarter 2012
Western New York branch acquisition, which added $2 billion of mostly
interest-bearing non-time deposits). This deposit growth was partially offset
by $3 billion of run-off from one year ago in certificates of deposit and
other time deposits.

Compared to the fourth quarter of 2012, average deposits decreased by $300
million. This decline was primarily due to a decrease in deposits in foreign
office.

ASSET QUALITY
dollars in                                                Change 1Q13 vs.
millions
                       1Q13        4Q12        1Q12       4Q12        1Q12
Net loan            $  49       $  58       $  101        (15.5)  %   (51.5) %
charge-offs
Net loan
charge-offs to         .38  %     .44   %     .82   %    N/A         N/A
average total
loans
Nonperforming
loans at period     $  650      $  674      $  666        (3.6)       (2.4)
end ^ (a)
Nonperforming
assets at period       705        735         767        (4.1)       (8.1)
end
Allowance for
loan and lease         893        888         944        .6          (5.4)
losses
Allowance for
loan and lease
losses to              137  %     132   %     142   %    N/A         N/A
nonperforming
loans
Provision
(credit) for loan   $  55       $  57       $  42         (3.5)   %   31.0   %
and lease losses
(a) March 31, 2013 and December 31, 2012 amounts exclude $22 million and $23
million, respectively, of purchased credit impaired loans acquired in July
2012.
N/A = Not
Applicable, N/M =
Not Meaningful

Key's provision for loan and lease losses was $55 million for the first
quarter of 2013, compared to $57 million for the fourth quarter of 2012 and
$42 million for the year-ago quarter. Key's allowance for loan and lease
losses was $893 million, or 1.70% of total period-end loans at March 31, 2013,
compared to 1.68% at December 31, 2012, and 1.92% at March 31, 2012.

Net loan charge-offs for the first quarter of 2013 totaled $49 million, or
.38% of average total loans. These results compare to $58 million, or .44%
for the fourth quarter of 2012, and $101 million, or .82% for the same period
last year.

At March 31, 2013, Key's nonperforming loans totaled $650 million and
represented 1.24% of period-end portfolio loans, compared to 1.28% at December
31, 2012 and 1.35% at March 31, 2012. Nonperforming loans at December 31,
2012 included $46 million of loans related to the regulatory guidance issued
in the second and third quarters of 2012. Nonperforming assets at March 31,
2013, totaled $705 million and represented 1.34% of period-end portfolio loans
and OREO and other nonperforming assets, compared to 1.39% at December 31,
2012, and 1.55% at March 31, 2012. OREO balances declined $40 million from
one year ago to $21 million at March 31, 2013.

CAPITAL

Key's estimated risk-based capital ratios included in the following table
continued to exceed all "well-capitalized" regulatory benchmarks at March 31,
2013.

Capital Ratios
                                              3-31-13    12-31-12    3-31-12
Tier 1 common equity ^ (a), (b)               11.39  %  11.36    %  11.55   %
Tier 1 risk-based capital ^ (a)               12.18     12.15       13.29
Total risk based capital ^ (a)                15.01     15.13       16.68
Tangible common equity to tangible assets ^   10.24     10.15       10.26
(b)

(a) 3-31-13 ratio is estimated.
(b) The table entitled "GAAP to Non-GAAP Reconciliations" in the attached
financial supplement presents the computations of certain financial measures
related to "tangible common equity" and "Tier 1 common equity." The table
reconciles the GAAP performance measures to the corresponding non-GAAP
measures, which provides a basis for period-to-period comparisons.

As shown in the preceding table, at March 31, 2013, Key's estimated Tier 1
common equity and Tier 1 risk-based capital ratios stood at 11.39% and 12.18%,
respectively. In addition, the tangible common equity ratio was 10.24% at
March 31, 2013.

Summary of Changes in Common Shares Outstanding
in thousands                                                 Change 1Q13 vs.
                              1Q13      4Q12       1Q12      4Q12      1Q12
Shares outstanding at         925,769   936,195    953,008   (1.1)  %  (2.9) %
beginning of period
Common shares repurchased     (6,790)   (10,530)   —         N/M       N/M
Shares reissued (returned)
under employee benefit        3,602     104        3,094     N/M       16.4
plans
    Shares outstanding at     922,581   925,769    956,102   (.3)   %  (3.5) %
    end of period
N/M = Not Meaningful

During the first quarter of 2013, Key completed $65 million of Common Share
repurchases on the open market under Key's share repurchase program. Key's
authority to repurchase Common Shares under the 2012 capital plan expired on
March 31, 2013.

Key's Board of Directors has authorized management, pursuant to the 2013
capital plan submitted to the Federal Reserve and not objected to by the
Federal Reserve, to repurchase up to $426 million of Key's Common Shares.
Common Share repurchases under the new 2013 capital plan authorization are
expected to be executed from the second quarter of 2013 through the first
quarter of 2014.

LINE OF BUSINESS RESULTS

The following table shows the contribution made by each major business segment
to Key's taxable-equivalent revenue from continuing operations and income
(loss) from continuing operations attributable to Key for the periods
presented. For more detailed financial information pertaining to each
business segment, see the tables at the end of this release.



Major Business Segments
dollars in millions                                          Change 1Q13 vs.
                                   1Q13     4Q12     1Q12    4Q12     1Q12
Revenue from continuing
operations (TE)
Key Community Bank               $ 549    $ 580    $ 532     (5.3) %  3.2    %
Key Corporate Bank                 379      403      378     (6.0)    .3
Other segments                     83       69       94      20.3     (11.7)
         Total segments            1,011    1,052    1,004   (3.9)    .7
Reconciling items                  3        (6)      (3)     N/M      N/M
         Total                   $ 1,014  $ 1,046  $ 1,001   (3.1) %  1.3    %
Income (loss) from continuing
operations attributable to Key
Key Community Bank               $ 31     $ 33     $ 58      (6.1) %  (46.6) %
Key Corporate Bank                 105      116      91      (9.5)    15.4
Other segments                     68       52       50      30.8     36.0
         Total segments            204      201      199     1.5      2.5    %
Reconciling items                  (3)      (5)      2       N/M      N/M
         Total                   $ 201    $ 196    $ 201     2.6   %  —
TE = Taxable equivalent, N/M =
Not Meaningful



Key Community Bank
dollars in millions                                         Change 1Q13 vs.
                               1Q13      4Q12      1Q12     4Q12      1Q12
Summary of operations
Net interest income (TE)     $ 361     $ 383     $ 357      (5.7)  %  1.1    %
Noninterest income             188       197       175      (4.6)     7.4
     Total revenue (TE)        549       580       532      (5.3)     3.2
Provision (credit) for loan    59        26        4        126.9     N/M
and lease losses
Noninterest expense            440       502       436      (12.4)    .9
     Income (loss) before      50        52        92       (3.8)     (45.7)
     income taxes (TE)
Allocated income taxes
(benefit) and TE               19        19        34       —         (44.1)
adjustments
     Net income (loss)       $ 31      $ 33      $ 58       (6.1)  %  (46.6) %
     attributable to Key
Average balances
Loans and leases             $ 28,982  $ 28,633  $ 25,981   1.2    %  11.6   %
Total assets                   31,478    31,229    28,223   .8        11.5
Deposits                       49,359    49,848    47,506   (1.0)     3.9
Assets under management at   $ 23,867  $ 22,334  $ 21,940   6.9    %  8.8    %
period end
TE = Taxable Equivalent, N/M = Not Meaningful





Additional Key Community Bank Data
dollars in millions                                         Change 1Q13 vs.
                            1Q13       4Q12       1Q12      4Q12      1Q12
Noninterest income
Trust and investment      $ 65       $ 65       $ 60        —         8.3    %
services income
Service charges on          58         61         56        (4.9)  %  3.6
deposit accounts
Cards and payments          33         34         25        (2.9)     32.0
income
Other noninterest income    32         37         34        (13.5)    (5.9)
     Total noninterest    $ 188      $ 197      $ 175       (4.6)  %  7.4    %
     income
Average deposit balances
NOW and money market      $ 26,110   $ 25,698   $ 23,067    1.6    %  13.2   %
deposit accounts
Savings deposits            2,463      2,399      1,988     2.7       23.9
Certificates of deposit     2,498      2,619      3,441     (4.6)     (27.4)
($100,000 or more)
Other time deposits         4,445      4,702      6,022     (5.5)     (26.2)
Deposits in foreign         270        287        313       (5.9)     (13.7)
office
Noninterest-bearing         13,573     14,143     12,675    (4.0)     7.1
deposits
     Total deposits       $ 49,359   $ 49,848   $ 47,506    (1.0)  %  3.9    %
Home equity loans
Average balance           $ 9,787    $ 9,807    $ 9,173
Weighted-average
loan-to-value ratio (at     70     %   70     %   70     %
date of origination)
Percent first lien          55         55         53
positions
Other data
Branches                    1,084      1,088      1,059
Automated teller            1,482      1,611      1,572
machines



Key Community Bank Summary of Operations

  oSeven consecutive quarters of average loan growth
  oCore deposits up $4.4 billion, or 11.7% from the prior year

Key Community Bank recorded net income attributable to Key of $31 million for
the first quarter of 2013, compared to $58 million for the year-ago quarter.

Taxable-equivalent net interest income increased by $4 million, or 1.1% from
the first quarter of 2012. Average loans and leases grew 11.6% while average
deposits increased 3.9% from one year ago. The Western New York branch and
credit card portfolio acquisitions contributed $31 million to net interest
income, $1 billion to average loans and leases, and $2 billion to deposits.
The positive contribution to net interest income from the acquisitions was
partially offset by a lower earnings credit applied to deposits in the current
period compared to the same period one year ago as a result of the continued
low-rate environment.

Noninterest income increased by $13 million, or 7.4% from the year-ago
quarter. Cards and payments income increased $8 million as a result of the
third quarter 2012 credit card portfolio acquisition. Trust and investment
services income increased $5 million, primarily due to an increase in assets
under management resulting from strong market performance and increased
production.

The provision for loan and lease losses increased by $55 million compared to
the first quarter of 2012. Net loan charge-offs, including the 2012 credit
card acquisition, of $47 million were flat compared to the same period one
year ago.

Noninterest expense increased by $4 million, or .9% from the year-ago
quarter. Expense reductions resulting from Key's efficiency initiative
substantially offset the increase in expenses associated with Key's third
quarter 2012 Western New York branch and credit card portfolio acquisitions.



Key Corporate Bank
dollars in millions                                         Change 1Q13 vs.
                               1Q13      4Q12      1Q12     4Q12      1Q12
Summary of operations
Net interest income (TE)     $ 187     $ 195     $ 196      (4.1)  %  (4.6)  %
Noninterest income             192       208       182      (7.7)     5.5
     Total revenue (TE)        379       403       378      (6.0)     .3
Provision (credit) for loan    4         11        13       (63.6)    (69.2)
and lease losses
Noninterest expense            209       207       222      1.0       (5.9)
     Income (loss) before      166       185       143      (10.3)    16.1
     income taxes (TE)
Allocated income taxes and     61        69        52       (11.6)    17.3
TE adjustments
     Net income (loss)       $ 105     $ 116     $ 91       (9.5)  %  15.4   %
     attributable to Key
Average balances
Loans and leases            $ 20,039  $ 19,477  $ 18,584   2.9    %  7.8    %
Loans held for sale           409       538       509      (24.0)    (19.6)
Total assets                   23,860    23,446    22,847   1.8       4.4
Deposits                       13,957    13,672    11,556   2.1       20.8
Assets under management at   $ 11,847  $ 12,410  $ 13,922   (4.5)  %  (14.9) %
period end
TE = Taxable Equivalent,
N/M = Not Meaningful



Additional Key Corporate Bank
Data
dollars in millions                                         Change 1Q13 vs.
                                     1Q13    4Q12    1Q12   4Q12      1Q12
Noninterest income
Trust and investment services      $ 31    $ 30    $ 36     3.3    %  (13.9) %
income
Investment banking and debt          78      109     59     (28.4)    32.2
placement fees
Operating lease income and other     17      18      24     (5.6)     (29.2)
leasing gains
Corporate services income            30      31      33     (3.2)     (9.1)
Other noninterest income             36      20      30     80.0      20.0
     Total noninterest income      $ 192   $ 208   $ 182    (7.7)  %  5.5    %
N/M = Not Meaningful

Key Corporate Bank Summary of Operations

  oInvestment banking and debt placement fees were up $19 million, or 32.2%
    from the prior year
  oAverage loan balances up 7.8% from the prior year
  oAverage deposits up 20.8% from the prior year

Key Corporate Bank recorded net income attributable to Key of $105 million for
the first quarter of 2013, compared to $91 million for the same period one
year ago.

Taxable-equivalent net interest income decreased by $9 million, or 4.6%
compared to the first quarter of 2012. Average earning assets increased $1.2
billion, or 5.7% from the year-ago quarter. The benefit from the increase in
average earning assets was offset by a decrease in earning asset spread driven
by a change in the mix of new business volume and the run-off of higher
yielding loans. Average deposit balances increased $2.4 billion, or 20.8%
from the year-ago quarter; however, the deposit spread decreased as a result
of the continued low-rate environment. 

Noninterest income increased by $10 million, or 5.5 % from the first quarter
of 2012. Investment banking and debt placement fees increased $19 million,
partially offset by a $7 million decrease in operating lease income and other
leasing gains compared to the year-ago quarter.

The provision for loan and lease losses decreased by $9 million compared to
the first quarter of 2012. There was a net loan recovery of $1 million for
the first quarter of 2013 compared to net loan charge-offs of $25 million for
the same period one year ago.

Noninterest expense decreased by $13 million, or 5.9% from the first quarter
of 2012. This decline was driven by a reduction in other operating expenses
compared to the first quarter of 2012.

Other Segments

Other Segments consist of Corporate Treasury, Key's Principal Investing unit,
and various exit portfolios. Other Segments generated net income attributable
to Key of $68 million for the first quarter of 2013, compared to net income
attributable to Key of $50 million for the same period last year. These
results were primarily attributable to an increase in net interest income of
$36 million and a decrease in the provision for loan and lease losses of $32
million. These improvements were partially offset by a decline in noninterest
income of $48 million primarily due to decreases in operating lease income and
other leasing gains of $22 million and net gains (losses) from principal
investing of $27 million.

*****

KeyCorp was organized more than 160 years ago and is headquartered in
Cleveland, Ohio. One of the nation's largest bank-based financial services
companies, Key had assets of approximately  $89.2 billion at March 31, 2013.

Key provides deposit, lending, cash management and investment services to
individuals and small and mid-sized businesses in 14 states under the name
KeyBank National Association. Key also provides a broad range of
sophisticated corporate and investment banking products, such as merger and
acquisition advice, public and private debt and equity, syndications and
derivatives to middle market companies in selected industries throughout the
United States under the KeyBanc Capital Markets trade name. For more
information, visit https://www.key.com/. KeyBank is Member FDIC.

This earnings release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, including statements
about Key's financial condition, results of operations, and profitability.
Forward-looking statements can be identified by words such as "expect,"
"believe," and "anticipate," and other similar references to future periods.
Forward-looking statements are not historical facts but instead represent
management's current expectations and forecasts regarding future events, many
of which, by their nature, are inherently uncertain and outside of Key's
control. Key's actual results and financial condition may differ, possibly
materially, from the anticipated results and financial condition indicated in
these forward-looking statements. Factors that could cause Key's actual
results to differ materially from those described in the forward-looking
statements can be found in KeyCorp's Form 10-K for the year ended December 31,
2012, which has been filed with the Securities and Exchange Commission and is
available on Key's website (www.key.com/ir) and on the Securities and Exchange
Commission's website (www.sec.gov). These factors may include, among others:
continued strain on the global financial markets as a result of economic
slowdowns and concerns; current regulatory initiatives in the U.S., including
the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, as
amended, subjecting us to a variety of new and more stringent legal and
regulatory requirements and increased scrutiny from our regulators; adverse
behaviors in securities, public debt, and capital markets, including changes
in market liquidity and volatility; and our ability to timely and effectively
implement our strategic initiatives. Forward-looking statements are not
guarantees of future performance and should not be relied upon as representing
management's views as of any subsequent date. Key does not undertake any
obligation to update the forward-looking statements to reflect the impact of
circumstances or events that may arise after the date of the forward-looking
statements.

Notes to Editors:

A live Internet broadcast of KeyCorp's conference call to discuss quarterly
results and currently anticipated earnings trends and to answer analysts'
questions can be accessed through the Investor Relations section at
https://www.key.com/irat 9:00 a.m. ET, on Thursday, April 18, 2013. An audio
replay of the call will be available through April 25, 2013.

For up-to-date company information, media contacts, and facts and figures
about Key's lines of business, visit our Media Newsroom at
https://www.key.com/newsroom.

*****





Financial Highlights
(dollars in millions, except per share amounts)
                                            Three months ended
                                            3-31-13      12-31-12    3-31-12
Summary of operations
 Net interest income (TE)                   $ 589        $  607      $ 559
 Noninterest income                           425          439        442
                Total revenue (TE)            1,014        1,046      1,001
 Provision (credit) for loan and lease        55           57         42
 losses
 Noninterest expense                          681          734        679
 Income (loss) from continuing operations     201          196        201
 attributable to Key
 Income (loss) from discontinued              3            7          (1)
 operations, net of taxes ^ (a)
 Net income (loss) attributable to Key       204          203        200
 Income (loss) from continuing operations   $ 196        $  190      $ 195
 attributable to Key common shareholders
 Income (loss) from discontinued              3            7          (1)
 operations, net of taxes ^ (a)
 Net income (loss) attributable to Key        199          197        194
 common shareholders
Per common share
 Income (loss) from continuing operations   $ .21        $  .21      $ .21
 attributable to Key common shareholders
 Income (loss) from discontinued              —            .01        —
 operations, net of taxes ^ (a)
 Net income (loss) attributable to Key        .22          .21        .20
 common shareholders ^ (b)
 Income (loss) from continuing operations
 attributable to Key common shareholders —    .21          .20        .20
 assuming dilution
 Income (loss) from discontinued
 operations, net of taxes — assuming          —            .01        —
 dilution ^ (a)
 Net income (loss) attributable to Key
 common shareholders — assuming dilution      .21          .21        .20
 ^(b)
 Cash dividends paid                          .05          .05        .03
 Book value at period end                     10.89       10.78      10.26
 Tangible book value at period end            9.78        9.67       9.28
 Market price at period end                   9.96        8.42       8.50
Performance ratios
 From continuing operations:
 Return on average total assets               .99   %     .96   %    1.01  %
 Return on average common equity              7.96        7.58       8.08
 Return on average tangible common equity ^   8.87        8.45       8.94
 (c)
 Net interest margin (TE)                     3.24        3.37       3.16
 Cash efficiency ratio ^ (c)                  65.98       69.02      67.73
 From consolidated operations:
 Return on average total assets               .94   %     .93   %    .93   %
 Return on average common equity              8.08        7.86       8.04
 Return on average tangible common equity ^   9.01        8.77       8.90
 (c)
 Net interest margin (TE)                     3.16        3.29       3.08
 Loan to deposit ^ (d)                        86.95       85.77      86.97
Capital ratios at period end
 Key shareholders' equity to assets           11.59 %     11.51 %    11.55 %
 Tangible Key shareholders' equity to         10.57       11.18      11.22
 tangible assets
 Tangible common equity to tangible assets    10.24       10.15      10.26
 ^ (c)
 Tier 1 common equity ^ (c), (e)              11.39       11.36      11.55
 Tier 1 risk-based capital ^ (e)              12.18       12.15      13.29
 Total risk-based capital ^ (e)               15.01       15.13      16.68
 Leverage ^ (e)                               11.31       11.41      12.12



Financial Highlights (continued)
(dollars in millions)
                               Three months ended
                               3-31-13           12-31-12        3-31-12
Asset quality — from
continuing operations
    Net loan charge-offs       $  49             $  58           $  101
    Net loan charge-offs to       .38      %       .44     %       .82     %
    average total loans
    Allowance for loan and
    lease losses to annualized    449.37           384.85          232.39
    net loan charge-offs
    Allowance for loan and     $  893            $  888          $  944
    lease losses
    Allowance for credit          925              917             989
    losses
    Allowance for loan and
    lease losses to period-end    1.70     %       1.68    %       1.92    %
    loans
    Allowance for credit          1.76             1.74            2.01
    losses to period-end loans
    Allowance for loan and
    lease losses to               137.38           131.75          141.74
    nonperforming loans
    Allowance for credit
    losses to nonperforming       142.31           136.05          148.50
    loans
    Nonperforming loans at     $  650            $  674          $  666
    period end ^ (f)
    Nonperforming assets at       705              735             767
    period end
    Nonperforming loans to        1.24     %       1.28    %       1.35    %
    period-end portfolio loans
    Nonperforming assets to
    period-end portfolio loans    1.34             1.39            1.55
    plus OREO and other
    nonperforming assets
Trust and brokerage assets —
from continuing operations
    Assets under management    $  35,714         $  34,744       $  35,862
    Nonmanaged and brokerage      26,272          25,197          33,021
    assets
Other data
    Average full-time             15,396          15,589          15,404
    equivalent employees
    Branches                      1,084           1,088           1,059
Taxable-equivalent adjustment  $  6              $  6            $  6
(a) In April 2009, management decided to wind down the operations of Austin
Capital Management, Ltd., a subsidiary that specialized in managing hedge fund
investments for institutional customers. In September 2009, management
decided to discontinue the education lending business conducted through Key
Education Resources, the education payment and financing unit of KeyBank
National Association. In February 2013, Key announced that it has agreed to
sell its investment subsidiary, Victory Capital Management, and its
broker-dealer affiliate, Victory Capital Advisors, to a private equity fund.
As a result of these decisions, Key has accounted for these businesses as
discontinued operations.
(b) Earnings per share may not foot due to rounding.
(c) The following table entitled "GAAP to Non-GAAP Reconciliations" presents
the computations of certain financial measures related to "tangible common
equity," "Tier 1 common equity," and "cash efficiency." The table reconciles
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 the securitization trusts) divided by period-end
consolidated total deposits (excluding deposits in foreign office).
(e) 3-31-13 ratio is estimated.
(f) March 31, 2013 and December 31, 2012 amounts exclude $22 million and $23
million, respectively, of purchased credit impaired loans acquired in July
2012.
TE = Taxable Equivalent, GAAP = U.S. generally accepted accounting principles



GAAP to Non-GAAP Reconciliations
(dollars in millions)

The table below presents certain non-GAAP financial measures related to
"tangible common equity," "return on tangible common equity," "Tier 1 common
equity," "pre-provision net revenue," and "cash efficiency ratio."

The tangible common equity ratio and the return on tangible common equity
ratio have been a focus for some investors, and management believes these
ratios may assist investors in analyzing Key's capital position without regard
to the effects of intangible assets and preferred stock. Traditionally, the
banking regulators have assessed bank and bank holding company capital
adequacy based on both the amount and the composition of capital, the
calculation of which is prescribed in federal banking regulations. Since the
commencement of the Comprehensive Capital Analysis and Review process in early
2009, the Federal Reserve has focused its assessment of capital adequacy on a
component of Tier 1 risk-based capital known as Tier 1 common equity, a
non-GAAP financial measure. Because the Federal Reserve has long indicated
that voting common shareholders' equity (essentially Tier 1 risk-based capital
less preferred stock, qualifying capital securities and noncontrolling
interests in subsidiaries) generally should be the dominant element in Tier 1
risk-based capital, this focus on Tier 1 common equity is consistent with
existing capital adequacy categories.

Tier 1 common equity is neither formally defined by GAAP nor prescribed in
amount by federal banking regulations; this measure is considered to be a
non-GAAP financial measure. Since analysts and banking regulators may assess
Key's capital adequacy using tangible common equity and Tier 1 common equity,
management believes it is useful to enable investors to assess Key's capital
adequacy on these same bases. The table also reconciles the GAAP performance
measures to the corresponding non-GAAP measures.

The table also shows the computation for pre-provision net revenue, which is
not formally defined by GAAP. Management believes that eliminating the
effects of the provision for loan and lease losses makes it easier to analyze
the results by presenting them on a more comparable basis.

Cash efficiency ratio is a ratio of two non-GAAP performance measures. As
such, there is no directly comparable GAAP performance measure. The cash
efficiency ratio performance measure removes the impact of Key's intangible
asset amortization from the calculation. Management believes this ratio
provides greater consistency and comparability between Key's results and those
of its peer banks. Additionally, this ratio is used by analysts and investors
to assist in the development of their earnings forecasts and peer bank
analysis.

Non-GAAP financial measures have inherent limitations, are not required to be
uniformly applied and are not audited. Although these non-GAAP financial
measures are frequently used by investors to evaluate a company, they have
limitations as analytical tools, and should not be considered in isolation, or
as a substitute for analyses of results as reported under GAAP.



                                            Three months ended
                                            3-31-13     12-31-12    3-31-12
Tangible common equity to tangible assets
at period end
 Key shareholders' equity (GAAP)            $ 10,340    $ 10,271    $ 10,099
 Less:   Intangible assets ^(a)              1,024      1,027       932
         Preferred Stock, Series A            291        291         291
         Tangible common equity (non-GAAP) $ 9,025     $ 8,953     $ 8,876
 Total assets (GAAP)                        $ 89,198    $ 89,236    $ 87,431
 Less:   Intangible assets ^(a)              1,024      1,027       932
         Tangible assets (non-GAAP)         $ 88,174    $ 88,209    $ 86,499
 Tangible common equity to tangible assets    10.24 %    10.15  %    10.26  %
 ratio (non-GAAP)
Tier 1 common equity at period end
 Key shareholders' equity (GAAP)            $ 10,340    $ 10,271    $ 10,099
 Qualifying capital securities                339        339         1,046
 Less:   Goodwill                             979        979         917
         Accumulated other comprehensive      (204)       (172)       (70)
         income (loss) ^ (b)
         Other assets ^ (c)                   108        114         69
         Total Tier 1 capital (regulatory)    9,796      9,689       10,229
 Less:   Qualifying capital securities        339        339         1,046
         Preferred Stock, Series A            291        291         291
         Total Tier 1 common equity         $ 9,166     $ 9,059     $ 8,892
         (non-GAAP)
 Net risk-weighted assets (regulatory) ^    $ 80,446    $ 79,734    $ 76,956
 (c), (d)
 Tier 1 common equity ratio (non-GAAP) ^      11.39 %    11.36  %    11.55  %
 (d)
Pre-provision net revenue
 Net interest income (GAAP)                 $ 583       $ 601       $ 553
 Plus:   Taxable-equivalent adjustment        6          6           6
         Noninterest income                   425        439         442
 Less:   Noninterest expense                  681        734         679
 Pre-provision net revenue from continuing  $ 333       $ 312       $ 322
 operations (non-GAAP)



GAAP to Non-GAAP Reconciliations (continued)
(dollars in millions)
                                     Three months ended
                                     3-31-13         12-31-12        3-31-12
Average tangible common equity
    Average Key shareholders' equity $  10,279       $  10,261       $ 9,992
    (GAAP)
    Less:    Intangible assets          1,027          1,030          932
             (average) ^ (a)
             Preferred Stock, Series    291            291            291
             A (average)
             Average tangible common $  8,961        $  8,940        $ 8,769
             equity (non-GAAP)
Return on average tangible common
equity from continuing operations
    Net income (loss) from
    continuing operations            $  196          $  190          $ 195
    attributable to Key common
    shareholders (GAAP)
    Average tangible common equity      8,961          8,940          8,769
    (non-GAAP)
    Return on average tangible
    common equity from continuing       8.87   %       8.45    %      8.94  %
    operations (non-GAAP)
Return on average tangible common
equity consolidated
    Net income (loss) attributable
    to Key common shareholders       $  199          $  197          $ 194
    (GAAP)
    Average tangible common equity      8,961          8,940          8,769
    (non-GAAP)
    Return on average tangible
    common equity consolidated          9.01   %       8.77    %      8.90  %
    (non-GAAP)
Cash efficiency ratio
    Noninterest expense (GAAP)       $  681          $  734          $ 679
             Intangible asset
    Less:    amortization on credit     8              8              —
             cards
             Other intangible asset     4              4              1
             amortization
             Adjusted noninterest    $  669          $  722          $ 678
             expense (non-GAAP)
    Net interest income (GAAP)       $  583          $  601          $ 553
    Plus:    Taxable-equivalent         6              6              6
             adjustment
             Noninterest income         425            439            442
             (GAAP)
             Total
             taxable-equivalent      $  1,014        $  1,046        $ 1,001
             revenue (non-GAAP)
    Cash efficiency ratio (non-GAAP)    65.98  %       69.02   %      67.73 %
                                     Three months ended
                                     3-31-13         12-31-12
Tier 1 common equity under Basel III
(estimates)
    Tier 1 common equity under       $  9,166        $  9,059
    current regulatory rules
    Adjustments from current
    regulatory rules to Basel III:
             Cumulative other
             comprehensive income ^     (219)           (197)
             (e)
             Deferred tax assets and    (94)            (80)
             other ^ (f)
             Tier 1 common equity
             anticipated under Basel $  8,853        $  8,782
             III
    Net risk-weighted assets under   $  80,446       $  79,734
    current regulatory rules
    Adjustments from current
    regulatory rules to Basel III:
             Loan commitments less      813            951
             than one year
             Residential mortgage       3,144          1,855
             and home equity loans
             Other                      1,695          2,080
             Total risk-weighted
             assets under Basel III  $  86,098       $  84,620
             ^ (g)
    Tier 1 common equity ratio under    10.28  %       10.38   %
    Basel III
(a) Three months ended March 31, 2013 and December 31, 2012 exclude $114
million and $123 million, respectively, of period end purchased credit card
receivable intangible assets. Three months ended March 31, 2013 and
December 31, 2012 exclude $118 million and $126 million, respectively, of
average ending purchased credit card receivable intangible assets.
(b) Includes net unrealized gains or losses on securities available for sale
(except for net unrealized losses on marketable equity securities), net
gains or losses on cash flow hedges, and amounts resulting from the
application of the applicable accounting guidance for defined benefit and
other postretirement plans.
(c) Other assets deducted from Tier 1 capital and net risk-weighted assets
consist of disallowed intangible assets (excluding goodwill) and deductible
portions of nonfinancial equity investments. There were no disallowed
deferred tax assets at March 31, 2013, December 31, 2012, and March 31,
2012.
(d) 3-31-13 amount is estimated.
(e) Includes AFS mark-to-market, cash flow hedges on items recognized at
fair value on the balance sheet, and defined benefit pension liability.
(f) Deferred tax asset subject to future taxable income for realization,
primarily tax credit carryforwards, and the deductible portion of mortgage
servicing assets.
(g) The amount of regulatory capital and risk-weighted assets estimated
under Basel III (as fully phased-in on January 1, 2019) is based upon the
federal banking agencies' notice of proposed rulemaking, which implement
Basel III and the Standardized Approach.
GAAP = U.S. generally accepted accounting principles





Consolidated Balance Sheets
(dollars in millions)
                                             3-31-13     12-31-12    3-31-12
Assets
 Loans                                       $ 52,574    $ 52,822    $ 49,226
 Loans held for sale                           434         599         511
 Securities available for sale                 13,496      12,094      14,633
 Held-to-maturity securities                   3,721       3,931       3,019
 Trading account assets                        701         605         614
 Short-term investments                        3,081       3,940       3,605
 Other investments                             1,059       1,064       1,188
    Total earning assets                       75,066      75,055      72,796
 Allowance for loan and lease losses           (893)       (888)       (944)
 Cash and due from banks                       621         584         415
 Premises and equipment                        930         965         937
 Operating lease assets                        309         288         335
 Goodwill                                      979         979         917
 Other intangible assets                       159         171         15
 Corporate-owned life insurance                3,352       3,333       3,270
 Derivative assets                             609         693         830
 Accrued income and other assets               2,884       2,774       3,070
 Discontinued assets                           5,182       5,282       5,790
    Total assets                             $ 89,198    $ 89,236    $ 87,431
Liabilities
 Deposits in domestic offices:
    NOW and money market deposit accounts    $ 32,700    $ 32,380    $ 29,124
    Savings deposits                           2,546       2,433       2,075
    Certificates of deposit ($100,000 or       2,998       2,879       3,984
    more)
    Other time deposits                        4,324       4,575       5,848
     Total interest-bearing deposits       42,568      42,267      41,031
    Noninterest-bearing deposits               21,564      23,319      19,606
 Deposits in foreign office —                  522         407         857
 interest-bearing
     Total deposits                        64,654      65,993      61,494
 Federal funds purchased and securities
                                               1,950       1,609       1,846
  sold under repurchase agreements
 Bank notes and other short-term borrowings    378         287         324
 Derivative liabilities                        524         584         754
 Accrued expense and other liabilities         1,352       1,387       1,424
 Long-term debt                                7,785       6,847       8,898
 Discontinued liabilities                      2,176       2,220       2,575
    Total liabilities                          78,819      78,927      77,315
Equity
 Preferred stock, Series A                     291         291         291
 Common shares                                 1,017       1,017       1,017
 Capital surplus                               4,059       4,126       4,116
 Retained earnings                             7,065       6,913       6,411
 Treasury stock, at cost                       (1,930)     (1,952)     (1,717)
 Accumulated other comprehensive income        (162)       (124)       (19)
 (loss)
    Key shareholders' equity                   10,340      10,271      10,099
 Noncontrolling interests                      39          38          17
    Total equity                               10,379      10,309      10,116
Total liabilities and equity                 $ 89,198    $ 89,236    $ 87,431
Common shares outstanding (000)                922,581     925,769     956,102



Consolidated Statements of Income
(dollars in millions, except per share amounts)
                                       Three months ended
                                       3-31-13        12-31-12      3-31-12
Interest income
      Loans                            $  548         $  563        $  536
      Loans held for sale                 4             5             5
      Securities available for sale       80            85            116
      Held-to-maturity securities         18            19            12
      Trading account assets              6             3             6
      Short-term investments              2             2             1
      Other investments                   9             11            8
                Total interest income     667           688           684
Interest expense
      Deposits                            45            49            77
      Federal funds purchased and
      securities sold under repurchase    1             1             1
      agreements
      Bank notes and other short-term     1             2             2
      borrowings
      Long-term debt                      37            35            51
                Total interest expense    84            87            131
Net interest income                       583           601           553
Provision (credit) for loan and lease     55            57            42
losses
Net interest income (expense) after       528           544           511
provision for loan and lease losses
Noninterest income ^ (a)
      Trust and investment services       95            95            96
      income
      Investment banking and debt         79            110           61
      placement fees
      Service charges on deposit          69            75            68
      accounts
      Operating lease income and other    23            19            52
      leasing gains
      Corporate services income           45            41            44
      Cards and payments income           37            38            29
      Corporate-owned life insurance      30            36            30
      income
      Consumer mortgage income            7             11            9
      Net gains (losses) from             8             2             35
      principal investing
      Other income ^ (b)                  32            12            18
                Total noninterest         425           439           442
                income
Noninterest expense
      Personnel                           391           422           372
      Net occupancy                       64            69            64
      Computer processing                 39            38            41
      Business services and               35            54            37
      professional fees
      Equipment                           26            27            26
      Operating lease expense             12            12            17
      Marketing                           6             20            13
      FDIC assessment                     8             8             8
      Intangible asset amortization on    8             8             —
      credit cards
      Other intangible asset              4             4             1
      amortization
      Provision (credit) for losses on    3             (14)          —
      lending-related commitments
      OREO expense, net                   3             1             6
      Other expense                       82            85            94
                Total noninterest         681           734           679
                expense
Income (loss) from continuing             272           249           274
operations before income taxes
      Income taxes                        70            53            73
Income (loss) from continuing             202           196           201
operations
      Income (loss) from discontinued     3             7             (1)
      operations, net of taxes
Net income (loss)                         205           203           200
      Less: Net income (loss)
      attributable to noncontrolling      1             —             —
      interests
Net income (loss) attributable to Key  $  204         $  203        $  200
Income (loss) from continuing
operations attributable to Key common  $  196         $  190        $  195
shareholders
Net income (loss) attributable to Key     199           197           194
common shareholders
Per common share
Income (loss) from continuing
operations attributable to Key common  $  .21         $  .21        $  .21
shareholders
Income (loss) from discontinued           —             .01           —
operations, net of taxes
Net income (loss) attributable to Key     .22           .21           .20
common shareholders ^ (c)
Per common share — assuming dilution
Income (loss) from continuing
operations attributable to Key common  $  .21         $  .20        $  .20
shareholders
Income (loss) from discontinued           —             .01           —
operations, net of taxes
Net income (loss) attributable to Key     .21           .21           .20
common shareholders ^ (c)
Cash dividends declared per common     $  .05         $  .05        $  .03
share
Weighted-average common shares            920,316       925,725       949,342
outstanding (000)
Weighted-average common shares and
potential common shares outstanding      926,051       930,382       953,971
(000) ^ (d)
(a)   The noninterest income line items have been changed for the current
      quarter and all prior quarters to reflect Key's current business mix.
(b)   For the three months ended March 31, 2013, December 31, 2012, and March
      31, 2012, Key did not have any impairment losses related to securities.
(c)   Earnings per share may not foot due to rounding.
(d)   Assumes conversion of stock options and/or Preferred Series A shares, as
      applicable.



Consolidated Average Balance Sheets, and Net Interest Income and Yields/Rates From Continuing Operations
(dollars in millions)
                      First Quarter 2013                            Fourth Quarter 2012                           First Quarter 2012
                      Average                                       Average                                       Average
                      Balance        Interest ^(a) Yield/Rate ^(a)  Balance        Interest ^(a) Yield/Rate ^(a)  Balance    Interest ^(a) Yield/Rate ^(a)
Assets
 Loans: ^ (b), (c)
 Commercial,
 financial and        $ 23,317  ^(d) $  218           3.78   %     $ 22,436  ^(d) $  213           3.77   %     $ 20,031   $   198          3.99   %
 agricultural
 Real estate —          7,616          79           4.24           7,555          82           4.35           7,993       89           4.48
 commercial mortgage
 Real estate —          1,034          11           4.27           1,070          14           4.94           1,284       16           4.86
 construction
 Commercial lease       4,843          47           3.92           4,869          49           4.01           5,453       54           3.94
 financing
    Total            36,810         355          3.92           35,930         358          3.96           34,761      357          4.12
   commercial loans
 Real estate —
 residential            2,173          25           4.58           2,164          26           4.70           1,950       25           5.04
 mortgage
 Home equity:
   Key Community        9,787          96           3.97           9,807          98           3.99           9,173       93           4.08
   Bank
   Other                413            8            7.70           411            9            8.23           521         10           7.68
    Total home       10,200         104          4.12           10,218         107          4.16           9,694       103          4.27
   equity loans
 Consumer other —       1,343          25           7.58           1,339          32           9.63           1,193       28           9.61
 Key Community Bank
 Credit cards           704            22           12.61          714            23           13.15          —           —            —
 Consumer other:
   Marine               1,311          20           6.29           1,403          22           6.16           1,714       27           6.28
   Other                85             2            7.98           91             1            8.25           118         2            7.79
    Total            1,396          22           6.39           1,494          23           6.29           1,832       29           6.38
   consumer other
    Total            15,816         198          5.00           15,929         211          5.30           14,669      185          5.07
   consumer loans
    Total loans      52,626         553          4.26           51,859         569          4.37           49,430      542          4.41
 Loans held for sale    469            4            3.27           618            5            3.47           581         5            3.62
 Securities
 available for sale     12,065         81           2.74           11,980         84           2.95           15,259      116          3.15
 ^ (b), (e)
 Held-to-maturity       3,816          18           1.94           4,036          19           1.94           2,251       12           2.08
 securities ^ (b)
 Trading account        710            6            3.44           606            3            1.91           808         6            2.72
 assets
 Short-term             2,999          2            .22            2,090          2            .27            1,898       1            .29
 investments
 Other investments ^    1,059          9            3.59           1,088          12           4.05           1,169       8            2.78
 (e)
    Total earning    73,744         673          3.67           72,277         694          3.85           71,396      690          3.91
   assets
 Allowance for loan     (896)                                         (898)                                         (968)
 and lease losses
 Accrued income and     9,867                                        9,878                                        9,996
 other assets
 Discontinued assets    5,216                                        5,350                                        5,799
    Total assets   $ 87,931                                      $ 86,607                                      $ 86,223
Liabilities
 NOW and money
 market deposit       $ 31,946          14           .18          $ 31,058          14           .18          $ 28,328       15           .21
 accounts
 Savings deposits       2,473          1            .05            2,408          —            .06            1,997       —            .06
 Certificates of
 deposit ($100,000      2,911          14           1.99           2,992          16           2.15           4,036       29           2.91
 or more) ^ (f)
 Other time deposits    4,451          16           1.42           4,714          18           1.52           6,035       33           2.19
 Deposits in foreign    454            —            .25            874            1            .21            769         —            .25
 office
    Total
   interest-bearing     42,235         45           .43            42,046         49           .47            41,165      77           .76
   deposits
 Federal funds
 purchased and
 securities
                        1,913          1            .15            1,702          1            .16            1,850       1            .21
  sold under
 repurchase
 agreements
 Bank notes and
 other short-term       387            1            1.75           306            2            1.97           490         2            1.53
 borrowings
 Long-term debt ^       4,671          37           3.51           3,301          35           4.84           6,161       51           3.61
 (f), (g)
    Total
   interest-bearing     49,206         84           .70            47,355         87           .73            49,666      131          1.07
   liabilities
 Noninterest-bearing    21,400                                       21,889                                       18,466
 deposits
 Accrued expense and    1,799                                        1,747                                        2,289
 other liabilities
 Discontinued           5,213                                        5,321                                        5,793
 liabilities ^ (g)
    Total            77,618                                       76,312                                       76,214
   liabilities
Equity
 Key shareholders'      10,279                                       10,261                                       9,992
 equity
 Noncontrolling         34                                           34                                           17
 interests
    Total equity     10,313                                       10,295                                       10,009
    Total
   liabilities and    $ 87,931                                      $ 86,607                                      $ 86,223
   equity
Interest rate spread                                  2.97   %                                     3.12   %                                 2.84   %
(TE)
Net interest income
(TE) and net                            589          3.24   %                       607          3.37   %                    559          3.16   %
interest margin (TE)
TE adjustment ^ (b)                     6                                            6                                         6
 Net interest                        $  583                                        $  601                                    $   553
 income, GAAP basis
(a) Results are from continuing operations. Interest excludes the interest associated with the liabilities referred to in (g) below, calculated using a
matched funds transfer pricing methodology.
(b) Interest income on tax-exempt securities and loans has been adjusted to a taxable-equivalent basis using the statutory federal income tax rate of
35%.
(c) For purposes of these computations, nonaccrual loans are included in average loan balances.
(d) Commercial, financial and agricultural average balance for the three months ended March 31, 2013 and December 31, 2012 includes $91 million and $90
million, respectively, of assets from commercial credit cards.
(e) Yield is calculated on the basis of amortized cost.
(f) Rate calculation excludes basis adjustments related to fair value hedges.
(g) A portion of long-term debt and the related interest expense is allocated to discontinued liabilities as a result of applying our matched funds
transfer pricing methodology to discontinued operations.
TE = Taxable Equivalent, GAAP = U.S. generally accepted accounting principles



Noninterest Expense
(dollars in millions)
                                          Three months ended
                                          3-31-13       12-31-12     3-31-12
Personnel ^ (a)                           $  391        $  422       $  372
Net occupancy                                64           69           64
Computer processing                          39           38           41
Business services and professional fees      35           54           37
Equipment                                    26           27           26
Operating lease expense                      12           12           17
Marketing                                    6            20           13
FDIC assessment                              8            8            8
Intangible asset amortization on credit      8            8            —
cards
Other intangible asset amortization          4            4            1
Provision (credit) for losses on             3            (14)         —
lending-related commitments
OREO expense, net                            3            1            6
Other expense                                82           85           94
 Total noninterest expense            $  681        $  734       $  679
Average full-time equivalent employees ^     15,396       15,589       15,404
(b)
(a) Additional detail provided in table
below.
(b) The number of average full-time equivalent employees has not been
adjusted for discontinued operations.
Personnel Expense
(in millions)
                                          Three months ended
                                          3-31-13       12-31-12     3-31-12
Salaries                                  $  222        $  228       $  219
Technology contract labor, net               18           25           12
Incentive compensation                       73           82           60
Employee benefits                            59           65           64
Stock-based compensation                     10           12           13
Severance                                    9            10           4
 Total personnel expense              $  391        $  422       $  372



Loan Composition
(dollars in millions)
                                                       Percent change
                                                       3-31-13 vs.
                      3-31-13    12-31-12   3-31-12    12-31-12    3-31-12
Commercial, financial
and agricultural      $ 23,412   $ 23,242   $ 20,217     .7      %   15.8    %
^(a)
Commercial real
estate:
   Commercial           7,544     7,720      7,807     (2.3)       (3.4)
   mortgage
   Construction         1,057     1,003      1,273     5.4         (17.0)
    Total
   commercial real      8,601     8,723      9,080     (1.4)       (5.3)
   estate loans
Commercial lease        4,796     4,915      5,325     (2.4)       (9.9)
financing
    Total           36,809    36,880     34,622    (.2)        6.3
   commercial loans
Residential — prime
loans:
   Real estate —
   residential          2,176     2,174      1,967     .1          10.6
   mortgage
   Home equity:
       Key Community    9,809     9,816      9,153     (.1)        7.2
       Bank
       Other            401       423        507       (5.2)       (20.9)
   Total home equity    10,210    10,239     9,660     (.3)        5.7
   loans
Total residential —     12,386    12,413     11,627    (.2)        6.5
prime loans
Consumer other — Key    1,353     1,349      1,212     .3          11.6
Community Bank
Credit cards            693       729        —         (4.9)       N/M
Consumer other:
   Marine               1,254     1,358      1,654     (7.7)       (24.2)
   Other                79        93         111       (15.1)      (28.8)
    Total
   consumer —           1,333     1,451      1,765     (8.1)       (24.5)
   indirect loans
    Total           15,765    15,942     14,604    (1.1)       7.9
   consumer loans
   Total loans ^ (b), $ 52,574   $ 52,822   $ 49,226     (.5)    %   6.8     %
   (c)
Loans Held for Sale Composition
(dollars in millions)
                                                       Percent change
                                                       3-31-13 vs.
                      3-31-13    12-31-12   3-31-12    12-31-12    3-31-12
Commercial, financial $ 180      $ 29       $ 28         520.7   %   542.9   %
and agricultural
Real estate —           196       477        362       (58.9)      (45.9)
commercial mortgage
Real estate —           —         —          15        N/M         N/M
construction
Commercial lease        9         8          30        12.5        (70.0)
financing
Real estate —           49        85         76        (42.4)      (35.5)
residential mortgage
   Total loans held   $ 434      $ 599      $ 511        (27.5)  %   (15.1)  %
   for sale
Summary of Changes in Loans Held for Sale
(dollars in millions)
                      1Q13       4Q12       3Q12       2Q12        1Q12
Balance at beginning  $ 599      $ 628      $ 656      $ 511       $ 728
of period
   New originations     1,075     1,686      1,280     1,308       935
   Transfers from
   held to maturity,    19        38         13        7           19
   net
   Loan sales           (1,257)    (1,747)    (1,311)    (1,165)     (1,168)
   Loan draws           —         (4)        (9)        (4)         (3)
   (payments), net
   Transfers to OREO
   / valuation          (2)        (2)        (1)        (1)         —
   adjustments
Balance at end of     $ 434      $ 599      $ 628      $ 656       $ 511
period
(a) March 31, 2013 and December 31, 2012 loan balances include $93 million and
$90 million of commercial credit card balances, respectively.
(b) Excluded at March 31, 2013, December 31, 2012, and March 31, 2011 are
loans in the amount of $5.1 billion, $5.2 billion, and $5.7 billion,
respectively, related to the discontinued operations of the education lending
business.
(c) March 31, 2013 includes purchased loans of $204 million of which $22
million were purchased credit impaired. December 31, 2012 includes purchased
loans of $217 million of which $23 million were purchased credit impaired.
N/M = Not Meaningful



Exit Loan Portfolio From Continuing Operations
(dollars in millions)
             Balance             Change    Net Loan           Balance on
             Outstanding         3-31-13   Charge-offs        Nonperforming
                                 vs.                          Status
             3-31-13   12-31-12  12-31-12  1Q13  ^(c) 4Q12   3-31-13  12-31-12
Residential
properties — $ 29      $  29        —        —         $ 1    $   10   $   10
homebuilder
Marine and
RV floor       29        33     $  (4)    $ (3)         —       6        10
plan
Commercial
lease          966       997       (31)     (5)         —       6        6
financing ^
(a)
 Total
commercial     1,024     1,059     (35)     (8)         1       22       26
loans
Home equity    401       423       (22)     4           11      18       21
— Other
Marine         1,254     1,358     (104)    3           14      26       34
RV and other   79        93        (14)     —           1       —        2
consumer
 Total
consumer       1,734     1,874     (140)    7           26      44       57
loans
 Total
exit loans   $ 2,758   $  2,933  $  (175)  $ (1)       $ 27   $   66   $   83
in loan
portfolio
Discontinued
operations —
education

 lending   $ 5,086   $  5,201  $  (115)  $ 12        $ 15   $   15   $   20
business
(not
included in
exit loans
above) ^ (b)
(a) Includes (1) the business aviation, commercial vehicle, office products,
construction and industrial leases; (2) Canadian lease financing portfolios;
and (3) all remaining balances related to lease in, lease out; sale in, lease
out; service contract leases; and qualified technological equipment leases.
(b) Includes loans in Key's consolidated education loan securitization trusts.
(c) Credit amounts indicate recoveries exceeded charge-offs.



Asset Quality Statistics From Continuing Operations
(dollars in millions)
                      1Q13           4Q12       3Q12       2Q12       1Q12
Net loan           $  49           $ 58       $ 109      $ 77       $ 101
charge-offs
Net loan
charge-offs to        .38     %    .44    %   .86    %   .63    %   .82    %
average total
loans
Allowance for loan
and lease losses      449.37       384.85     204.78     286.74     232.39
to annualized net
loan charge-offs
Allowance for loan $  893          $ 888      $ 888      $ 888      $ 944
and lease losses
Allowance for
credit losses ^       925          917        931        939        989
(a)
Allowance for loan
and lease losses      1.70    %    1.68   %   1.73   %   1.79   %   1.92   %
to period-end
loans
Allowance for
credit losses to      1.76         1.74       1.81       1.89       2.01
period-end loans
Allowance for loan
and lease losses      137.38       131.75     135.99     135.16     141.74
to nonperforming
loans
Allowance for
credit losses to      142.31       136.05     142.57     142.92     148.50
nonperforming
loans
Nonperforming
loans at period    $  650          $ 674      $ 653      $ 657      $ 666
end ^ (b)
Nonperforming
assets at period      705          735        718        751        767
end
Nonperforming
loans to              1.24    %    1.28   %   1.27   %   1.32   %   1.35   %
period-end
portfolio loans
Nonperforming
assets to
period-end
portfolio loans
plus                  1.34         1.39       1.39       1.51       1.55

 OREO and
other
nonperforming
assets
(a) Includes the allowance for loan and lease losses plus the liability for
credit losses on lending-related commitments.
(b) March 31, 2013, December 31, 2012, and September 30, 2012 amounts exclude
$22 million, $23 million, and $25 million, respectively, of purchased credit
impaired loans acquired in July 2012.



Summary of Loan and Lease Loss Experience From Continuing Operations
(dollars in millions)
                         Three months ended
                         3-31-13               12-31-12         3-31-12
Average loans            $     52,626          $   51,859       $   49,430
outstanding
Allowance for loan and
lease losses at          $     888             $   888          $   1,004
beginning of period
Loans charged off:
 Commercial,
financial and                  14                 15               26
agricultural
 Real estate —             13                 33               23
commercial mortgage
 Real estate —             1                  5                11
construction
 Total
commercial real estate         14                 38               34
loans
 Commercial lease          6                  7                4
financing
 Total            34                 60               64
commercial loans
 Real estate —
residential mortgage          6                  8                6
^(a)
 Home equity:
 Key Community        18                 (14)             25
Bank ^ (a)
 Other ^ (a)          6                  12               8
 Total home       24                 (2)              33
equity loans
 Consumer other —          9                  9                10
Key Community Bank
 Credit cards              8                  9                —
 Consumer other:
 Marine ^ (a)         8                  18               17
 Other ^ (a)          1                  2                2
 Total            9                  20               19
consumer other
 Total            56                 44               68
consumer loans
 Total            90                 104              132
loans charged off
Recoveries:
 Commercial,
financial and                  12                 23               11
agricultural
 Real estate —             5                  5                2
commercial mortgage
 Real estate —             8                  2                1
construction
 Total
commercial real estate         13                 7                3
loans
 Commercial lease          4                  4                4
financing
 Total            29                 34               18
commercial loans
 Real estate —             —                  1                1
residential mortgage
 Home equity:
 Key Community        2                  4                2
Bank
 Other                2                  1                1
 Total home       4                  5                3
equity loans
 Consumer other —          2                  1                1
Key Community Bank
 Consumer other:
 Marine               5                  4                7
 Other                1                  1                1
 Total            6                  5                8
consumer other
 Total            12                 12               13
consumer loans
 Total            41                 46               31
recoveries
Net loan charge-offs           (49)                (58)             (101)
Provision (credit) for         55                 57               42
loan and lease losses
Foreign currency               (1)                 1                (1)
translation adjustment
Allowance for loan and
lease losses at end of   $     893             $   888          $   944
period
Liability for credit
losses on
lending-related          $     29              $   43           $   45
commitments at beginning
of period
Provision (credit) for
losses on                      3                  (14)             —
lending-related
commitments
Liability for credit
losses on
lending-related          $     32              $   29           $   45
commitments at end of
period ^ (b)
Total allowance for
credit losses at end of  $     925             $   917          $   989
period
Net loan charge-offs to        .38        %       .44      %       .82      %
average total loans
Allowance for loan and
lease losses to                449.37             384.85           232.39
annualized net loan
charge-offs
Allowance for loan and
lease losses to                1.70               1.68             1.92
period-end loans
Allowance for credit
losses to period-end           1.76               1.74             2.01
loans
Allowance for loan and
lease losses to                137.38             131.75           141.74
nonperforming loans
Allowance for credit
losses to nonperforming        142.31             136.05           148.50
loans
Discontinued operations
— education lending
business:
 Loans charged off   $     16              $   19           $   23
 Recoveries                4                  4                4
 Net loan            $     (12)            $   (15)         $   (19)
charge-offs
(a) Further review of the loans subject to updated regulatory guidance in
the third quarter of 2012 was performed during the fourth quarter of 2012.
This review resulted in a partial home equityloan charge-off reversal and
reallocation of the updated charge-off amounts to other consumer loan
portfolios. Home equity — Key Community Bank charge-offs were $18 million
prior toadjustments made from this review. Prior to reallocation, Real
estate — residential mortgage, Home equity — Other, Consumer other — Marine,
and Consumer other — Other charge-offswere $3 million, $6 million, $11
million, and $1 million, respectively.
(b) Included in "accrued expense and
other liabilities" on the balance sheet.



Summary of Nonperforming Assets and Past Due Loans From Continuing
Operations
(dollars in millions)
                 3-31-13        12-31-12      9-30-12      6-30-12   3-31-12
Commercial,
financial and    $   142        $   99        $   132      $  141    $  168
agricultural
Real estate —
commercial           114           120           134         172       175
mortgage
Real estate —        27            56            53          68        66
construction
 Total
commercial real      141           176           187         240       241
estate loans
Commercial lease     12            16            18          18        22
financing
 Total       295           291           337         399       431
commercial loans
Real estate —
residential          96            103           83          78        82
mortgage ^ (a)
Home equity:
 Key             199           210           171         141       109
Community Bank
 Other           18            21            18          17        12
 Total
home equity          217           231           189         158       121
loans ^ (a)
Consumer other —
Key Community        3             2             3           2         1
Bank
Credit cards         13            11            8           —         —
Consumer other:
 Marine          25            34            31          19        30
 Other           1             2             2           1         1
 Total       26            36            33          20        31
consumer other
 Total       355           383           316         258       235
consumer loans
 Total
nonperforming        650           674           653         657       666
loans ^ (b)
Nonperforming
loans held for       23            25            19          38        24
sale
OREO                 21            22            29          28        61
Other
nonperforming        11            14            17          28        16
assets
 Total
nonperforming    $   705        $   735       $   718      $  751    $  767
assets
Accruing loans
past due 90 days $   83         $   78        $   89       $  131    $  169
or more
Accruing loans
past due 30          368           424           354         362       420
through 89 days
Restructured
loans — accruing     294           320           323         274       293
and nonaccruing
^ (c)
Restructured
loans included       178           249           217         163       184
in nonperforming
loans ^ (c)
Nonperforming
assets from
discontinued
operations —         15            20            22          18        19

 education
lending business
Nonperforming
loans to             1.24   %      1.28   %      1.27  %     1.32 %    1.35 %
period-end
portfolio loans
Nonperforming
assets to
period-end
portfolio loans
                     1.34          1.39          1.39        1.51      1.55
 plus OREO
and other
nonperforming
assets
(a) All of the increase in Real estate — residential mortgage and $26
million of the increase in Total home equity loans from September 30, 2012
to December 31, 2012 was related to regulatory guidance issued in the second
and third quarters of 2012.
(b) March 31, 2013, December 31, 2012, and September 30, 2012 amounts
exclude $22 million, $23 million, and $25 million, respectively, of
purchased credit impaired loans acquired in July 2012.
(c) Restructured loans (i.e., troubled debt restructurings) are those for
which Key, for reasons related to a borrower's financial difficulties,
grants a concession to the borrower that it would not otherwise consider.
These concessions are made to improve the collectability of the loan and
generally take the form of a reduction of the interest rate, extension of
the maturity date or reduction in the principal balance. The majority of
the increase in restructured loans included in nonperforming loans during
the second half of 2012 was a result of updated regulatory guidance in the
third quarter of 2012.



Summary of Changes in Nonperforming Loans From Continuing Operations
(in millions)
                       1Q13          4Q12          3Q12       2Q12     1Q12
Balance at             $   674       $   653       $  657     $ 666    $ 727
beginning of period
 Loans placed
on nonaccrual              278          288          276       350      214
status
 Charge-offs           (91)          (104)        (141)     (131)    (132)
 Loans sold            (42)          (44)         (43)      (49)     (27)
 Payments              (83)          (78)         (74)      (110)    (65)
 Transfers to          (7)           (7)          (10)      (6)      (15)
OREO
 Transfers to
nonperforming loans        —            (8)          —         (16)     —
held for sale
 Transfers to
other nonperforming        —            (1)          —         (14)     —
assets
 Loans returned        (79)          (25)         (12)      (33)     (36)
to accrual status
Balance at end of      $   650       $   674       $  653     $ 657    $ 666
period ^ (a)
(a) March 31, 2013, December 31, 2012, and September 30, 2012 amounts exclude
$22 million, $23 million, and $25 million, respectively, of purchased
creditimpaired loans acquired in July 2012.
Summary of Changes in Nonperforming Loans Held For Sale From Continuing
Operations
(in millions)
                       1Q13          4Q12          3Q12       2Q12     1Q12
Balance at             $   25        $   19        $  38      $ 24     $ 46
beginning of period
 Transfers in          —            8            —         16       —
 Net advances /        —            (1)          (1)       —        (1)
(payments)
 Loans sold            —            (1)          (17)      (1)      (1)
 Transfers to          —            —            (1)       —        —
OREO
 Valuation             (2)           —            —         (1)      (1)
adjustments
 Loans returned
to accrual status /        —            —            —         —        (19)
other
Balance at end of      $   23        $   25        $  19      $ 38     $ 24
period
Summary of Changes in Other Real Estate Owned, Net of Allowance, From
Continuing Operations
(in millions)
                       1Q13          4Q12          3Q12       2Q12     1Q12
Balance at             $   22        $   29        $  28      $ 61     $ 65
beginning of period
 Properties
acquired —                 7            7            11        6        15
nonperforming
loans
 Valuation             (3)           (2)          (2)       (7)      (7)
adjustments
 Properties            (5)           (12)         (8)       (32)     (12)
sold
Balance at end of      $   21        $   22        $  29      $ 28     $ 61
period



Line of Business Results
(dollars in millions)
                                                                      Percent change
                                                                      1Q13 vs.
               1Q13       4Q12       3Q12       2Q12       1Q12       4Q12      1Q12
Key Community
Bank
Summary of
operations
 Total     $ 549      $ 580      $ 575      $ 537      $ 532       (5.3)  %  3.2    %
revenue (TE)

Provision
(credit) for     59         26         123        (4)        4         126.9     N/M
loan and
lease losses

Noninterest      440        502        478        455        436       (12.4)    .9
expense
 Net
income (loss)    31         33         (17)       54         58        (6.1)     (46.6)
attributable
to Key
 Average
loans and        28,982     28,633     27,771     26,420     25,981    1.2       11.6
leases
 Average     49,359     49,848     49,276     47,952     47,506    (1.0)     3.9
deposits
 Net loan    47         12         91         46         47        291.7     —
charge-offs
 Net loan
charge-offs      .66    %   .17    %   1.30   %   .70    %   .73    %  N/A       N/A
to average
total loans

Nonperforming  $ 495      $ 459      $ 422      $ 401      $ 402       7.8       23.1
assets at
period end
 Return
on average       4.38   %   4.55   %   (2.39) %   7.82   %   8.18   %  N/A       N/A
allocated
equity
 Average
full-time        8,830      8,998      9,193      8,742      8,707     (1.9)     1.4
equivalent
employees
Key Corporate
Bank
Summary of
operations
 Total     $ 379      $ 403      $ 369      $ 371      $ 378       (6.0)  %  .3     %
revenue (TE)

Provision
(credit) for     4          11         (3)        4          13        (63.6)    (69.2)
loan and
lease losses

Noninterest      209        207        200        213        222       1.0       (5.9)
expense
 Net
income (loss)    105        116        109        95         91        (9.5)     15.4
attributable
to Key
 Average
loans and        20,039     19,477     18,886     18,532     18,584    2.9       7.8
leases
 Average
loans held       409        538        441        514        509       (24.0)    (19.6)
for sale
 Average     13,957     13,672     12,872     12,408     11,556    2.1       20.8
deposits
 Net loan    (1)        21         8          9          25        N/M       N/M
charge-offs
 Net loan
charge-offs      (.02)  %   .43    %   .17    %   .20    %   .54    %  N/A       N/A
to average
total loans

Nonperforming  $ 136      $ 175      $ 197      $ 248      $ 237       (22.3)    (42.6)
assets at
period end
 Return
on average       26.35  %   28.26  %   26.06  %   22.00  %   19.89  %  N/A       N/A
allocated
equity
 Average
full-time        1,924      1,912      2,001      2,026      2,020     .6        (4.8)
equivalent
employees
 TE = Taxable Equivalent, N/A = Not
Applicable, N/M = Not Meaningful

SOURCE KeyCorp

Website: https://www.key.com
Contact: ANALYSTS, Vernon L. Patterson, 216.689.0520,
Vernon_Patterson@KeyBank.com or Kelly L. Dillon, 216.689.3133,
Kelly_L_Dillon@KeyBank.com; MEDIA, Jack Sparks, 720.904.4554,
Jack_Sparks@KeyBank.com, Twitter: @keybank_news; INVESTOR RELATIONS:
www.key.com/ir, KEY MEDIA NEWSROOM: www.key.com/newsroom