The total revenue for the first quarter of 2012 deceased to $1.03bn, compared to $1.06bn for the same period a year ago.
Noninterest income was $472m for the quarter, compared to $457m for the year-ago quarter.
The company’s Key Corporate Bank segment posted a net income of $100m for the quarter while Key Community Bank segment’s net income was $57m.
KeyCorp chairman and CEO Beth Mooney said that asset quality improved again this quarter, and there was growth in the company’s commercial, financial and agricultural loan portfolio.
"As previously announced, our Board of Directors has authorized a common stock repurchase program of up to $344 million to begin in the second quarter of this year through the first quarter of 2013," Mooney said.
