KeyCorp Q4 net income increases

KeyCorp, a financial services company, has reported that net income attributable to the company's common shareholders for the fourth quarter ended December 31, 2012 was $197 million, or $0.21 per share, compared to $194 million, or $0.20 per share, for the fourth quarter ended December 31, 2011.

Net interest income for the fourth quarter ended December 31, 2012 was $601 million, compared to $557 million for the fourth quarter ended December 31, 2011.

Net income attributable to the company's common shareholders for the year ended December 31, 2012 was $836 million, or $0.88 per share, compared to $813 million, or $0.87 per share, for the year ended December 31, 2011.

Net interest income for the year ended December 31, 2012 was $2.26 billion, compared to $2.27 billion for the year ended December 31, 2011.

"We had a good finish to 2012," said Chairman and CEO Beth Mooney. "Our full-year results reflect success in executing on our strategies to grow loans, add additional payment capabilities to our product line in the form of credit cards and improved mobile banking, and moving forward on our efficiency initiative."