KeyCorp announced that for the full year 2011, net income from continuing operations attributable to Key common shareholders was $857 million, compared to net income from continuing operations attributable to Key common shareholders of $413 million in 2010

KeyCorp also reported fourth quarter net income from continuing operations attributable to Key common shareholders of $201 million versus $292 million, for the fourth quarter of 2010.
 
Net loan charge-offs for the quarter totaled $105 million, or .86% of average loans. These results compare to $256 million, or 2.00%, for the same period last year. Net loan charge-offs have declined for the last eight consecutive quarters and were less than one percent of average loans for the second consecutive quarter.

Key Equipment Finance reported the following results:

• Fourth quarter 2011 net income of $18 million versus $19 million for the same quarter of 2010, a decline of 5.3%.

• Fourth quarter 2011 average loans and leases of $4.7 billion, up 2.2% versus $4.6 billion for the fourth quarter of 2010.

• Net charge-offs of .08% to average loans in the fourth quarter, down from .60% for the fourth quarter of 2010.

• Return on average allocated equity of 24.80% versus 22.01% for the fourth quarter of 2010.

Chairman and Chief Executive Officer Beth Mooney stated, "Key's fourth quarter results reflect continued improvement in credit quality and the third consecutive quarter of growth in our commercial, financial and agricultural loan portfolio. We are encouraged by this growth and believe it demonstrates our ability to leverage the alignment of our franchise across business lines to support the needs of our clients. Further, these results confirm our belief that the inflection point for loan growth was reached in the third quarter of 2011."