KeyCorp (KEY) 8-K Keycorp Reports First Quarter 2013

Exhibit 99.3

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 more)		2,998			2,879			3,984
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 — interest-bearing		522			407			857
Total deposits		64,654			65,993			61,494
Federal funds purchased and securities sold under repurchase agreements		1,950			1,609			1,846
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 (loss)		(162	)		(124	)		(19	)
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 agreements		1		1			1
Bank notes and other short-term borrowings		1		2			2
Long-term debt		37		35			51
Total interest expense		84		87			131
Net interest income		583		601			553
Provision (credit) for loan and lease losses		55		57			42
Net interest income (expense) after provision for loan and lease losses		528		544			511
Noninterest income (a)
Trust and investment services income		95		95			96
Investment banking and debt placement fees		79		110			61
Service charges on deposit accounts		69		75			68
Operating lease income and other leasing gains		23		19			52
Corporate services income		45		41			44
Cards and payments income		37		38			29
Corporate-owned life insurance income		30		36			30
Consumer mortgage income		7		11			9
Net gains (losses) from principal investing		8		2			35
Other income (b)		32		12			18
Total noninterest income		425		439			442
Noninterest expense
Personnel		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 cards		8		8			—
Other intangible asset amortization		4		4			1
Provision (credit) for losses on lending-related commitments		3		(14	)		—
OREO expense, net		3		1			6
Other expense		82		85			94
Total noninterest expense		681		734			679
Income (loss) from continuing operations before income taxes		272		249			274
Income taxes		70		53			73
Income (loss) from continuing operations		202		196			201
Income (loss) from discontinued operations, net of taxes		3		7			(1	)
Net income (loss)		205		203			200
Less: Net income (loss) attributable to noncontrolling interests		1		—			—
Net income (loss) attributable to Key	$	204	$	203		$	200
Income (loss) from continuing operations attributable to Key common shareholders	$	196	$	190		$	195
Net income (loss) attributable to Key common shareholders		199		197			194
Per common share
Income (loss) from continuing operations attributable to Key common shareholders	$	.21	$	.21		$	.21
Income (loss) from discontinued operations, net of taxes		—		.01			—
Net income (loss) attributable to Key common shareholders (c)		.22		.21			.20
Per common share — assuming dilution
Income (loss) from continuing operations attributable to Key common shareholders	$	.21	$	.20		$	.20
Income (loss) from discontinued operations, net of taxes		—		.01			—
Net income (loss) attributable to Key common shareholders (c)		.21		.21			.20
Cash dividends declared per common share	$	.05	$	.05		$	.03
Weighted-average common shares outstanding (000)		920,316		925,725			949,342
Weighted-average common shares and potential common shares outstanding (000) (d)		926,051		930,382			953,971

(a) The noninterest income lines 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.