KeyCorp announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported total interest income of $1,114 million against $1,062 million a year ago. Net interest income was $938 million against $938 million a year ago. Income from continuing operations before income taxes was $447 million against $270 million a year ago. Income from continuing operations was $196 million against $232 million a year ago. Net income attributable to the company was $196 million against $229 million a year ago. Income from continuing operations attributable to key common shareholders was $181 million or $0.17 per common share - assuming dilution against $213 million or $0.2 per common share - assuming dilution a year ago. Net income attributable to key common shareholders was $182 million or $0.17 per common share - assuming dilution against $209 million or $0.19 per common share - assuming dilution a year ago. During the fourth quarter of 2017, the company's results included a number of notable items resulting in a net impact of $0.19 per common share, including merger-related charges and the estimated impact of tax reform and related actions. Notable items had a net impact of $0.03 per common share in the third quarter of 2017 and $0.11 per common share in the fourth quarter of 2016. Excluding notable items, earnings per common share were $0.36 for the fourth quarter of 2017, compared to $0.35 for the third quarter of 2017 and $0.31 for the fourth quarter of 2016. Return on average total assets from continuing operations was 0.57% against 0.69% a year ago. Return on average common equity from continuing operations was 5.04% against 6.22% a year ago. Return on average tangible common equity from continuing operations was 6.35% against 7.88% a year ago. Return on average total assets from consolidated operations was 0.57% against 0.67% a year ago. Return on average common equity from consolidated operations was 5.07% against 6.10% a year ago. Return on average tangible common equity from consolidated operations was 6.39% against 7.73% a year ago. Book value per share at period end as on December 31, 2017 was $13.09 compared with $12.58 as on December 31, 2016. Tangible book value per share at period end as on December 31, 2017 was $10.35 compared with $9.99 as on December 31, 2016.

For the year, the company reported total interest income of $4,390 million against $3,319 million a year ago. Net interest income was $3,777 million against $2,919 million a year ago. Income from continuing operations before income taxes was $1,928 million against $968 million a year ago. Income from continuing operations was $1,291 million against $789 million a year ago. Net income attributable to the company was $1,296 million against $791 million a year ago. Income from continuing operations attributable to key common shareholders was $1,219 million or $1.12 per common share - assuming dilution against $753 million or $0.8 per common share - assuming dilution a year ago. Net income attributable to key common shareholders was $1,226 million or $1.13 per common share - assuming dilution against $754 million or $0.8 per common share - assuming dilution a year ago. Return on average total assets from continuing operations was 0.96% against 0.70% a year ago. Return on average common equity from continuing operations was 8.65% against 6.26% a year ago. Return on average tangible common equity from continuing operations was 10.84% against 7.39% a year ago. Return on average total assets from consolidated operations was 0.96% against 0.69% a year ago. Return on average common equity from consolidated operations was 8.70% against 6.27% a year ago. Return on average tangible common equity from consolidated operations was 10.90% against 7.40% a year ago.

For the quarter, the company's net loan charge-offs for the fourth quarter of 2017 totaled $52 million, or 0.24% of average total loans. These results compare to $72 million, or 0.34%, for the fourth quarter of 2016, and $32 million, or 0.15%, for the third quarter of 2017.

For the fiscal year 2018, the company's net interest income expected to be in the range of $3.9 billion - $4.0 billion, outlook includes one rate increase in June 2018. GAAP tax rate expected to be in the range of 18% - 19%.