KEYCORP /NEW/ - FORM 8-K - EX-99.2

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KeyCorp

Fourth Quarter 2012 Earnings Review

January 24, 2013

Beth E. Mooney

Chairman and

Chief Executive Officer

Jeffrey B. Weeden

Chief Financial Officer

Exhibit 99.2

FORWARD-LOOKING STATEMENTS AND ADDITIONAL

INFORMATION DISCLOSURE

This presentation contains and we may, from time to time, make 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, earnings outlook, asset quality trends, capital levels and profitability. Forward-

looking statements are not historical facts but instead represent only management’s current expectations and forecasts regarding future events, many of which, by

their nature, are inherently uncertain and outside of Key’s control. Forward-looking statements usually can be identified by the use of words such as “goal,”

“objective,” “plan,” “expect,” “anticipate,” “intend,” “project,” “believe,” “estimate” or other words of similar meaning.

Our forward-looking statements are subject to the following principal risks and uncertainties: the economic recovery may face challenges causing its momentum to

falter or a further recession; the Dodd-Frank Wall Street Reform and Consumer Protection Act and other reforms will subject us to a variety of new and more

stringent legal and regulatory requirements, including increased scrutiny from our regulators; changes in local, regional and international business, economic or

political conditions in the regions where we operate or have significant assets; changes in trade, monetary and fiscal policies of various governmental bodies and

central banks could affect the economic environment in which we operate; our ability to effectively deal with an economic slowdown or other economic or market

difficulty; adverse changes in credit quality trends; our ability to determine accurate values of certain assets and liabilities; adverse behaviors in foreign exchange

rates, securities, public debt, and capital markets, including changes in market liquidity and volatility; our ability to anticipate interest rate changes correctly and

manage interest rate risk presented through unanticipated changes in our interest rate risk position and/or short- and long-term interest rates; unanticipated changes

in our liquidity position, including but not limited to our ability to enter the financial markets to manage and respond to any changes to our liquidity position; adequacy

of our risk management program; reduction of the credit ratings assigned to KeyCorp and KeyBank; increased competitive pressure due to industry consolidation;

unanticipated adverse affects of acquisitions and dispositions of assets, business units or affiliates; and operational or risk management failures due to technological,

cybersecurity threats or other factors.

We provide greater detail regarding some of these factors in our 2011 Form 10-K, including in Item 1A. Risk Factors and in Item 7. Management’s Discussion and

Analysis of Financial Condition and Results of Operation under the heading “Risk Management,” as well as in our subsequent SEC filings, all of which are accessible

on our website at www.key.com/ir and on the SEC’s website at www.sec.gov.

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. Actual results or future events could differ, possibly materially, from those anticipated in forward-looking statements, as well as from

historical performance.

This presentation also includes certain Non-GAAP financial measures related to “tangible common equity, “Tier 1 common equity,” “pre-provision net revenue,” and

“cash efficiency ratio.” Management believes these ratios may assist investors, analysts and regulators in analyzing Key’s financials. Although Key has procedures

in place to ensure that these measures are calculated using the appropriate GAAP or regulatory components, they have limitations as analytical tools and should not

be considered in isolation, or as a substitute for analysis of results under GAAP. For more information on these calculations and to view the reconciliations to the

most comparable GAAP measures, please refer to the Appendix to this presentation or our most recent earnings press release, which is accessible at

www.key.com/ir.

Web addresses referenced in this slide are inactive textual references only. Information on these websites is not part of this document.

Increased revenue 4% from 2011

Improved net interest margin, up 24 bps in 4Q12 compared to the prior year

Grew average C&I loans by 21% in 2012

Invested in growth opportunities: payments, healthcare and technology

Continued progress on efficiency initiatives; targeted savings of $150

million to $200 million by December 2013

Initiated next phase of branch positioning; 19 closures in 2012

Pursued opportunities to variablize cost base

Improve

Efficiency

Leveraged strong capital position for branch and credit card acquisitions

Repurchased $256 million in common shares

Increased quarterly dividend from $.03 to $.05 per common share

Positioned for Basel III

Optimize and

Grow

Revenue

2012 Investor Highlights

Execution of strategy and differentiated business model driving results

Effectively

Manage

Capital

2013 Focus Areas

Execute Strategy with Distinctive Business Model

Maintain Moderate Risk Profile

Accelerate Revenue Growth with Opportunistic Investing

Leverage Strong Capital Position to Maximize Value

Align Cost Structure with Operating Environment

Financial Review

Financial Summary –

Fourth Quarter 2012

Capital

(b)

Asset Quality

(a)

Financial

Performance

(a)

TE = Taxable equivalent, EOP = End of Period

(a)

From continuing operations

(b)

From consolidated operations

(c)

12-31-12 ratios are estimated

(d)

Non-GAAP measure: see Appendix for reconciliation

Income from continuing operations attributable to Key

$.21

$.23

$.21

common shareholders

Net interest margin (TE)

3.37%

3.23%

3.13%

Return on average total assets

.97

1.08

1.01

Tier 1 common equity

(c), (d)

11.2%

11.3%

Tier 1 risk-based capital

(c)

11.9

12.1

13.0

Tangible common equity to tangible assets

(d)

10.2

10.4

9.9

Book value per common share

$10.78

$10.64

$10.09

Net loan charge-offs to average loans

.44%

.86%

NPLs to EOP portfolio loans

1.28

1.27

1.47

NPAs to EOP portfolio loans + OREO + Other NPAs

1.39

1.73

Allowance for loan losses to period-end loans

1.68

1.73

2.03

Allowance for loan losses to NPLs

131.8

136.0

138.1

4Q12

3Q12

4Q11

Metrics

$10

$20

$30

$40

$50

$60

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

Average loan growth driven by C&I, while the exit

portfolio continues to run-off

Branch and credit card portfolio acquisitions

contributed $1 billion to 4Q12 average loans

Originated $10.2 billion in new or renewed

lending commitments during 4Q12 and $37.8

billion for 2012

C&I commitment utilization increased to 49.1%.

Loan Growth

$ in billions

Highlights

Average Commercial & Industrial Loans

C&I loans

Utilization rate

Average Loans

Exit Portfolios

Home Equity & Other

C&I & Leasing

Commercial Real Estate

$ in billions

$22.4

$16.3

$18.6

46.3%

43.2%

49.1%

$10

$15

$20

$25

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

30%

40%

50%

60%

$48.7

$49.3

$51.9

Improving Deposit Mix

Highlights

Funding Cost

Overall funding cost continues to improve, with

total deposit cost declining to 31 bps

Branch acquisition contributed $2 billion to 4Q12

average deposit balances

Total CD maturities and average cost

–

2013: $5.0 billion at 1.20%

–

2014: $1.6 billion at 2.63%

–

2015 & beyond: $.9 billion at 3.06%

Average

Deposits

(a)

$ in billions

(a)

Excludes deposits in foreign office

(b)

Transaction deposits include noninterest-bearing, NOW, and MMDA

Cost of total deposits

(a)

Interest-bearing liability cost

CDs and other time deposits

Savings

Noninterest-bearing

NOW and MMDA

1.24%

1.12%

.73%

.75%

.57%

.31%

1.60%

1.20%

.80%

.40%

.00%

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

$59.0

$58.9

$63.1

$75

$50

$25

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

Total Revenue

TE = Taxable equivalent

Continuing Operations

Net interest margin

Highlights

Net Interest Margin (TE) Trend

Net interest income increased

–

Net interest margin up 14 bps from 3Q12

and up 24 bps from 4Q11

–

Benefit from improved funding mix and

loan growth

Strong noninterest income

–

Up $52 million, 12.6%, from 4Q11

–

Down from prior quarter due to 3Q12 gains

–

Gains from loan sales reflect higher CRE

mortgage banking activity

Total Revenue Mix

Noninterest income

$ in millions

$604

$607

$457

$466

$563

$414

$400

$800

$1,200

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

Impact of leveraged lease

early termination

Net interest income (TE)

$977

$1,073

$1,061

3.30%

3.13%

3.19%

3.50%

3.00%

2.50%

2.00%

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

3.25%

3.19%

3.09%

3.13%

3.16%

3.06%

3.23%

3.37%

$371

$330

$433

$387

$323

$330

$300

$600

$900

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

Focused Expense Management

Noninterest Expense

Personnel expense

$ in millions

Highlights

Expenses elevated from prior year, driven by:

–

Acquisitions

–

Technology investments

–

Efficiency initiatives (Fit for Growth)

–

Employee benefits

Acquisition of branches and the credit card

portfolio contributed $30 million to 4Q12 expense

Fit for Growth initiatives contributed $16 million

to 4Q12 expense

Approximately $60 million in annualized expense

run rate savings realized in 2012

On target for $150 million to $200 million in

expense reductions by December 2013, with full-

year impact expected in 2014

Non-personnel expense

$701

$717

$756

$734

$11

$10

$(11)

$756

$600

$650

$700

$750

$800

Q-o-Q Change in Noninterest Expense

(a)

Includes ongoing, onetime and amortization expenses

$ in millions

$859

$1,089

$735

1.82%

1.47%

1.28%

$400

$800

$1,200

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

0.00%

1.00%

2.00%

3.00%

$58

$193

$105

$57

$(22)

$(40)

1.59%

.86%

.44%

-$100

$100

$200

$300

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

-1.00%

1.00%

3.00%

Nonperforming Assets

Net Charge-offs & Provision for Loan and Lease Losses

NPLs

NPLs to period-end loans

NCOs

Provision for loan and

lease losses

NCOs to average loans

$ in millions

NPLs held for sale,

OREO & other NPAs

Continued Improvement in Asset Quality

Highlights

Net loan charge-offs decreased $51 million from

elevated 3Q12

Net charge-offs to average loans of 44 bps,

within targeted range of 40 bps –

60 bps

Asset quality reaching normalized levels, with

net charge-offs expected to remain within

targeted range

Strong capital position supports growth

Disciplined capital management process

–

Repurchased $89 million in common

shares during 4Q12; $256 million YTD

–

Remaining repurchase authority of up to

$88 million

Estimated Basel III tier 1 common equity ratio of

10.2%

(a), (b)

Tier 1 Common Equity

(b), (c)

Tangible Common Equity to Tangible Assets

(b)

Strong Capital Ratios

Highlights

Book Value per Share

10.2%

9.2%

9.9%

0.0%

3.0%

6.0%

9.0%

12.0%

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

$10.78

$10.09

$9.58

$8.00

$9.00

$10.00

$11.00

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

11.2%

10.7%

11.3%

0.0%

3.0%

6.0%

9.0%

12.0%

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

(a)

Based upon December 31, 2012 pro forma analysis; see Appendix for further detail

(b)

Non-GAAP measure: see Appendix for reconciliations

(c)

12-31-12 ratio is estimated

Appendix

(a)

Continuing operations, unless otherwise noted

(b)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)

(c)Excludes intangible asset amortization; Non-GAAP measure: see slide 21 for reconciliation

Progress on Targets for Success

KEY Business

Model

KEY Metrics

(a)

KEY

4Q12

KEY

3Q12

Targets

Action Plans

Core funded

Loan to deposit ratio

(b)

86%

90-100%

Leverage integrated model to grow

relationships and loans

Improve deposit mix

Returning to a

moderate risk

profile

NCOs to average loans

.44%

.86%

40-60 bps

Focus on relationship clients

Exit noncore portfolios

Limit concentrations

Focus on risk-adjusted returns

Provision to average

loans

.44%

.86%

Growing high

quality, diverse

revenue streams

Net interest margin

3.37%

3.23%

>3.50%

Improve funding mix

Focus on risk-adjusted returns

Grow client relationships

Leverage Key’s total client solutions and

cross-selling capabilities

Noninterest income

to total revenue

43%

48%

>40%

Creating positive

operating

leverage

Cash

efficiency

ratio

(c)

69%

65%

60-65%

Improve efficiency and effectiveness

Leverage technology

Change cost base to more variable from

fixed

Executing our

strategies

Return on average

assets

.97%

1.08%

1.00-1.25%

Execute our client insight-driven

relationship model

Focus on operating leverage

Improved funding mix with lower cost core

deposits

$16.0

$18.4

$21.2

2.69%

3.07%

3.21%

$10

$15

$20

$25

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

Average Total Investment Securities

Highlights

Average AFS securities

$ in billions

High Quality Investment Portfolio

Portfolio composed of Agency or GSE backed:

GNMA, Fannie & Freddie

–

No private label MBS or financial paper

Average portfolio life at 12/31/12: 2.4 years

Unrealized net gain of $366 million on available-

for-sale securities portfolio at 12/31/12

Mortgage cash flows of $1.6 billion in 4Q12

and 3Q12

Investment securities declined as cash flows

funded loan growth and acquired assets

Securities to Total Assets

(b)

(a) Yield is calculated on the basis of amortized cost

(b) Includes end of period held-to-maturity and available-for-sale securities

18%

20%

22%

10%

15%

20%

25%

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

Average yield

(a)

Average HTM securities

Credit Quality by Portfolio

Credit Quality

$ in millions

N/M = Not Meaningful

(a) Ending and average loans for fourth quarter 2012 include commercial credit card balances of $90 million each

(b)

Net loan charge-off amounts are annualized in calculation. NCO ratios for discontinued operations and consolidated Key exclude education loans in the

securitization trusts since valued at fair-market value

(c)

12-31-12 and 9-30-12 NPL amounts exclude $23 million and $25 million respectively of purchased credit impaired loans acquired in July 2012.

(d)

12-31-12 allowance by portfolio is estimated. Allowance/period loans ratios for discontinued operations and consolidated Key exclude education loans in

the securitization trusts since valued at fair-market value

(e)

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 equity loan 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 to adjustments made from this review. Prior to reallocation, Real estate —

residential mortgage, Home equity — Other, Consumer other — Marine, and Consumer other — Other charge-offs were $3 million, $6 million, $11 million,

and $1 million, respectively

(f)

12-31-12 ending loans include purchased loans of $217 million of which $23 million were purchased credit impaired.

Period-end

loans

Average

loans

12/31/12

4Q12

3Q12

4Q12

3Q12

12/31/12

9/30/12

12/31/12

Allowance /

period-end

loans

(d)

Allowance /

NPLs

Net loan

charge-offs

Net loan

charge-offs

(b)

average loans

Nonperforming

loans

(c)

Ending

allowance

(d)

Commercial, financial and agricultural

(a)

$23,242

$22,436

$(8)

(.14)

.13

$99

$132

$327

1.41

330.30

Commercial real estate:

Commercial mortgage

7,720

7,555

1.47

1.12

120

134

198

2.56

165.00

Construction

1,003

1,070

1.12

.71

4.09

73.21

Commercial lease financing

4,915

4,869

(8)

.25

(.63)

1.12

343.75

Real estate -

residential mortgage

(e)

2,174

2,164

1.29

1.14

103

1.33

28.16

Home equity:

Key Community Bank

(e)

9,816

9,807

(18)

(.73)

2.53

210

171

105

1.07

50.00

Other

(e)

423

411

10.65

4.25

5.91

119.05

1,349

1,339

2.38

2.15

2.82

N/M

Credit cards

729

714

5.01

1.84

3.70

245.45

Consumer other:

Marine

(e)

1,358

1,403

3.97

1.60

2.87

114.71

Other

(e)

(1)

4.37

(3.94)

4.30

200.00

Continuing total

(f)

$52,822

$51,859

$58

$109

.44

.86

$674

$653

$888

1.68

131.75

Discontinued

operations

education

lending business

5,201

5,263

2.12

1.67

1.06

275.00

Consolidated total

$58,023

$57,122

$73

$121

.53

.90

$694

$675

$943

1.63

135.88

Consumer other— Key Community Bank

Vintage (% of Loans)

Loan Balances

Average Loan

Size ($)

Average

FICO

Average

LTV

% of Loans

LTV>90%

2011 and

later

2010

2009

2008

2007 and

prior

Home equity loans and lines

First lien

5,364

63,796

758

Second lien

4,452

47,201

756

2.9

Total home equity loans and lines

9,816

55,022

757

1.8

Nonaccrual loans

First lien

105

60,837

713

1.0

Second lien

105

47,854

713

3.0

Total home equity nonaccrual loans

210

53,579

713

1.8

Community Bank - Home Equity

Fourth quarter net charge-offs

(18)

Net loan charge-offs to average loans

(.73)

Vintage (% of Loans)

Loan Balances

Average Loan

Size ($)

Average

FICO

Average

LTV

% of Loans

LTV>90%

2011 and

later

2010

2009

2008

2007 and

prior

Home equity loans and lines

First lien

22,803

745

Second lien

404

23,817

730

32.2

Total home equity loans and lines

423

23,769

730

30.7

Nonaccrual loans

First lien

25,840

716

100

Second lien

25,676

707

35.1

Total home equity nonaccrual loans

25,684

707

33.5

Exit Portfolio - Home Equity

Fourth quarter net charge-offs

Net loan charge-offs to average loans

10.65

(a)

Average LTVs are at origination. Current average LTVs for Community Bank total home equity loans and lines is approximately 77%,

which compares to 79% at the end of the third quarter 2012.

Community Bank –

Home Equity

Exit Portfolio –

Home Equity

$ in millions, except average loan size

(a)

Home Equity Loans –

12/31/12

Exit Loan Portfolio Trend (Excluding Discontinued Operations)

Exit Loan Portfolio

$ in millions

(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

(d)

This loan category was impacted by the $45 million in net loan charge-offs taken in the third quarter of 2012 related to the updated regulatory

guidance. During the fourth quarter of 2012, updated charge-off amounts were reallocated to other loan categories. This amount would have been

$454 million exclusive of the above-referenced net loan charge-offs at September 30, 2012

$ in millions

Exit Loan Portfolio

(d)

$2,928

$4,217

$5,048

$3,000

$6,000

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

4Q12

Change

12-31-12 vs.

12-31-12

9-30-12

4Q12

3Q12

(c)

12-31-12

9-30-12

Residential

properties

–

homebuilder

$24

$31

$(7)

$10

Marine and RV floor plan

(2)

$(1)

Commercial lease financing

(a)

997

1,035

(38)

(3)

Total commercial loans

1,054

1,101

(47)

(4)

Home

equity

–

Other

423

409

Marine

1,358

1,448

(90)

RV and other consumer

(5)

(1)

Total consumer loans

1,874

1,955

(81)

Total exit loans in loan portfolio

$2,928

$3,056

$(128)

$27

$83

$77

Discontinued

operations

education

lending business (not included in exit loans above)

(b)

$5,201

$5,328

$(127)

$15

$12

$20

$22

Balance on

Nonperforming

Status

Balance

Outstanding

Charge-offs

Net Loan

Credit Quality Trends

Quarterly Change in Criticized Outstandings

(a)

Delinquencies to Period-end Total Loans

(a)

Loan and Lease Outstandings

.80%

1.87%

.62%

.15%

.00%

.50%

1.00%

1.50%

2.00%

30 –

89 days delinquent

90+ days delinquent

(8)%

35%

(16)%

(6)%

14%

24%

34%

44%

GAAP to Non-GAAP Reconciliation

$ in millions

(a)

Three months ended December 31, 2012 and September 30, 2012 exclude $123 million and $130 million, respectively, of period end purchased credit card

receivable intangible assets. Three months ended December 31, 2012 and September 30, 2012 exclude $126 million and $86 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 December 31, 2012, September 30, 2012, and December 31, 2011

(d)

12-31-12 amount is estimated

Three months ended

12-31-12

9-30-12

12-31-11

Tangible common equity to tangible assets at period end

Key shareholders’

equity (GAAP)

10,271

10,251

9,905

Less:

Intangible assets

(a)

1,027

1,031

934

Preferred Stock, Series A

291

Tangible common equity (non-GAAP)

8,953

8,929

8,680

Total

assets

(GAAP)

89,236

86,950

88,785

Less:

Intangible

assets

(a)

1,027

1,031

934

Tangible assets (non-GAAP)

88,209

85,919

87,851

Tangible common equity to tangible assets ratio (non-GAAP)

10.15

10.39

9.88

Tier 1 common equity at period end

Key shareholders' equity (GAAP)

10,271

10,251

9,905

Qualifying capital securities

339

1,046

Less:

Goodwill

979

917

Accumulated

other

comprehensive

income

(loss)

(b)

(172)

(109)

(72)

Other assets

(c)

117

121

Total Tier 1 capital (regulatory)

9,686

9,599

10,034

Less:

Qualifying capital securities

339

1,046

Preferred Stock, Series A

291

Total Tier 1 common equity (non-GAAP)

9,056

8,969

8,697

Net risk-weighted

assets

(regulatory)

(c),

(d)

81,150

79,363

77,214

Tier 1 common equity ratio (non-GAAP)

(d)

11.16

11.30

11.26

Pre-provision net revenue

Net interest income (GAAP)

601

572

557

Plus:

Taxable-equivalent adjustment

Noninterest income

466

544

414

Less:

Noninterest expense

756

734

717

Pre-provision

net

revenue

from

continuing

operations

(non-GAAP)

317

388

260

GAAP to Non-GAAP Reconciliation (continued)

$ in millions

(a)

Three months ended December 31, 2012 and September 30, 2012 exclude $123 million and $130 million, respectively, of period end purchased credit card

receivable intangible assets. Three months ended December 31, 2012 and September 30, 2012 exclude $126 million and $86 million, respectively, of

average ending purchased credit card receivable intangible assets

Three months ended

12-31-12

9-30-12

12-31-11

Average tangible common equity

Average Key shareholders' equity (GAAP)

10,261

10,222

9,943

Less:

Intangible assets (average)

(a)

1,030

1,026

934

Preferred Stock, Series A (average)

291

Average

tangible

common

equity

(non-GAAP)

8,940

8,905

8,718

Return on average tangible common equity from continuing operations

Net

income

(loss)

from

continuing

operations

attributable

Key

common

shareholders

(GAAP)

193

214

201

Average

tangible

common

equity

(non-GAAP)

8,940

8,905

8,718

Return on average tangible common equity from continuing operations (non-GAAP)

8.59

9.56

9.15

Return on average tangible common equity consolidated

Net income (loss) attributable to Key common shareholders (GAAP)

197

214

194

Average tangible common equity (non-GAAP)

8,940

8,905

8,718

Return on average tangible common equity consolidated (non-GAAP)

8.77

9.56

8.83

Cash efficiency ratio

Noninterest expense

(GAAP)

756

734

717

Less:

Intangible asset amortization on credit cards

—

Other intangible asset amortization

Adjusted noninterest expense (non

-GAAP)

744

725

716

Net inter

est income (GAAP)

601

572

557

Plus:

Taxable

-equivalent adjustment

Noninterest income

466

544

414

Total taxable-equivalent revenue (non

-GAAP)

1,073

1,122

977

Cash efficiency ratio (non-GAAP)

69.34

64.62

73.29

(a) Tier 1 common equity is a non-generally accepted accounting principle (GAAP) financial measure that is used by investors,

analysis and bank regulatory agencies to assess the capital position of financial services companies. Management reviews Tier 1

common equity along with other measures of capital as part of its financial analyses

(b) Includes AFS mark-to-market, cash flow hedges on items recognized at fair value on the balance sheet, and defined benefit

pension liability

(d) 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' notices of proposed rulemaking, which implement Basel III and the Standardized

Approach

Tier 1 Common Equity under Basel III (estimated)

KeyCorp & Subsidiaries

TIER 1 COMMON EQUITY UNDER BASEL III (ESTIMATES)

Quarter ended

Dec 31,

$ in billions

2012

Tier 1 Common Equity under Basel I

$9.1

Adjustments from Basel I to Basel III:

(0.2)

(0.1)

$8.8

Total risk-weighted assets under Basel I

$81.1

Adjustments from Basel I to Basel III:

Market Risk Impact

1.2

Loan Commitments < 1 Year

1.0

Residential Mortgage Loans & Home Equity

1.9

Other

1.2

Total risk-weighted assets under Basel III

$86.4

Tier 1 common equity to total risk-weighted assets

anticipated under Basel III

10.17%

Cumulative Other Comprehensive Income

Tier 1 common equity anticipated under Basel III

Deferred Tax Assets

(a)

(b)

(d)

(c)

KEYCORP /NEW/ - FORM 8-K - EX-99.2 - January 24, 2013

Attached files

KEYCORP /NEW/ Reports