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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 

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