First Niagara Financial (FNFG) 425 Business combination disclosure

Exhibit 99.3

Consolidated Balance Sheets

(dollars in millions)

	12-31-15			9-30-15			12-31-14
Assets
Loans	$	59,876		$	60,085		$	57,381
Loans held for sale		639			916			734
Securities available for sale		14,218			14,376			13,360
Held-to-maturity securities		4,897			4,936			5,015
Trading account assets		788			811			750
Short-term investments		2,707			1,964			4,269
Other investments		655			691			760
Total earning assets		83,780			83,779			82,269
Allowance for loan and lease losses		(796	)		(790	)		(794	)
Cash and due from banks		607			470			653
Premises and equipment		779			771			841
Operating lease assets		340			315			330
Goodwill		1,060			1,060			1,057
Other intangible assets		65			74			101
Corporate-owned life insurance		3,541			3,516			3,479
Derivative assets		619			793			609
Accrued income and other assets		3,292			3,348			2,952
Discontinued assets		1,846			2,086			2,324
Total assets	$	95,133		$	95,422		$	93,821
Liabilities
Deposits in domestic offices:
NOW and money market deposit accounts	$	37,089		$	37,301		$	34,536
Savings deposits		2,341			2,338			2,371
Certificates of deposit ($100,000 or more)		2,392			2,001			2,040
Other time deposits		3,127			3,020			3,259
Total interest-bearing deposits		44,949			44,660			42,206
Noninterest-bearing deposits		26,097			25,985			29,228
Deposits in foreign office — interest-bearing		—			428			564
Total deposits		71,046			71,073			71,998
Federal funds purchased and securities sold under repurchase agreements		372			407			575
Bank notes and other short-term borrowings		533			677			423
Derivative liabilities		632			676			784
Accrued expense and other liabilities		1,605			1,562			1,621
Long-term debt		10,186			10,310			7,875
Discontinued liabilities		—			—			3
Total liabilities		84,374			84,705			83,279
Equity
Preferred stock, Series A		290			290			291
Common shares		1,017			1,017			1,017
Capital surplus		3,922			3,914			3,986
Retained earnings		8,922			8,764			8,273
Treasury stock, at cost		(3,000	)		(3,008	)		(2,681	)
Accumulated other comprehensive income (loss)		(405	)		(272	)		(356	)
Key shareholders’ equity		10,746			10,705			10,530
Noncontrolling interests		13			12			12
Total equity		10,759			10,717			10,542
Total liabilities and equity	$	95,133		$	95,422		$	93,821
Common shares outstanding (000)		835,751			835,285			859,403

Consolidated Statements of Income

(dollars in millions, except per share amounts)

	Three months ended								Twelve months ended
	12-31-15			9-30-15			12-31-14		12-31-15		12-31-14
Interest income
Loans	$	552		$	542		$	534	$	2,149	$	2,110
Loans held for sale		8			10			8		37		21
Securities available for sale		76			75			67		293		277
Held-to-maturity securities		24			24			23		96		93
Trading account assets		6			5			6		21		25
Short-term investments		3			1			2		8		6
Other investments		4			4			6		18		22
Total interest income		673			661			646		2,622		2,554
Interest expense
Deposits		26			27			26		105		117
Federal funds purchased and securities sold under repurchase agreements		—			—			—		—		2
Bank notes and other short-term borrowings		3			2			3		9		9
Long-term debt		42			41			35		160		133
Total interest expense		71			70			64		274		261
Net interest income		602			591			582		2,348		2,293
Provision for credit losses		45			45			22		166		57
Net interest income after provision for credit losses		557			546			560		2,182		2,236
Noninterest income
Trust and investment services income		105			108			112		433		403
Investment banking and debt placement fees		127			109			126		445		397
Service charges on deposit accounts		64			68			64		256		261
Operating lease income and other leasing gains		15			15			15		73		96
Corporate services income		55			57			53		198		178
Cards and payments income		47			47			43		183		166
Corporate-owned life insurance income		36			30			38		127		118
Consumer mortgage income		2			3			3		12		10
Mortgage servicing fees		15			11			11		48		46
Net gains (losses) from principal investing		—			11			18		51		78
Other income (a), (b)		19			11			7		54		44
Total noninterest income		485			470			490		1,880		1,797
Noninterest expense
Personnel		429			426			409		1,652		1,591
Net occupancy		64			60			63		255		261
Computer processing		43			41			40		164		158
Business services and professional fees		44			40			38		159		156
Equipment		22			22			23		88		96
Operating lease expense		13			11			11		47		42
Marketing		17			17			16		57		49
FDIC assessment		8			8			9		32		30
Intangible asset amortization		9			9			10		36		39
OREO expense, net		1			2			2		6		5
Other expense		86			88			83		344		334
Total noninterest expense		736			724			704		2,840		2,761
Income (loss) from continuing operations before income taxes		306			292			346		1,222		1,272
Income taxes		73			72			94		303		326
Income (loss) from continuing operations		233			220			252		919		946
Income (loss) from discontinued operations, net of taxes		(4	)		(3	)		2		1		(39	)
Net income (loss)		229			217			254		920		907
Less: Net income (loss) attributable to noncontrolling interests		3			(2	)		1		4		7
Net income (loss) attributable to Key	$	226		$	219		$	253	$	916	$	900
Income (loss) from continuing operations attributable to Key common shareholders	$	224		$	216		$	246	$	892	$	917
Net income (loss) attributable to Key common shareholders		220			213			248		893		878
Per common share
Income (loss) from continuing operations attributable to Key common shareholders	$	.27		$	.26		$	.29	$	1.06	$	1.05
Income (loss) from discontinued operations, net of taxes		(.01	)		—			—		—		(.04	)
Net income (loss) attributable to Key common shareholders (c)		.27			.26			.29		1.06		1.01
Per common share — assuming dilution
Income (loss) from continuing operations attributable to Key common shareholders	$	.27		$	.26		$	.28	$	1.05	$	1.04
Income (loss) from discontinued operations, net of taxes		(.01	)		—			—		—		(.04	)
Net income (loss) attributable to Key common shareholders (c)		.26			.25			.28		1.05		.99
Cash dividends declared per common share	$	.075		$	.075		$	.065	$	.290	$	.25
Weighted-average common shares outstanding (000)		828,206			831,430			858,811		836,846		871,464
Weighted-average common shares and potential common shares outstanding (000) (d)		835,939			838,880			886,186		844,489		878,199

(a) For the three months ended December 31, 2015, net securities gains (losses) totaled $1 million. For the three months ended September 30, 2015, and December 31, 2014, net securities gains (losses) totaled less than $1 million. For the three months ended December 31, 2015, September 30, 2015, and December 31, 2014, Key did not have any impairment losses related to securities.

(b) For the twelve months ended December 31, 2015, and December 31, 2014, net securities gains (losses) totaled less than $1 million. For the twelve months ended December 31, 2015, and December 31, 2014, Key did not have any impairment losses related to securities.

(c) Earnings per share may not foot due to rounding.

(d) Assumes conversion of common share options and other stock awards and/or convertible preferred stock, as applicable.