KeyCorp announced Q2/14 net income from continuing operations attributable to Key common shareholders of $242 million, up 25.4% from $193 million for Q2/13. For H1/14, net income was $474 million compared to $389 million for the same period one-year ago.

“Second quarter results demonstrate the successful execution of our strategy and continued efforts across our company to drive growth,” said chairman and chief executive officer Beth Mooney. “We delivered positive operating leverage by growing revenue and reducing expense from one year ago. Further, we maintained strong risk management practices, as evidenced by a continued low net charge-offs to average loans ratio of .22% and declining nonperforming asset and loan levels.”

Key also noted that its commercial lease financing average balance in Q2/14 was $4.257 billion, down from $4.747 billion in the same quarter in 2013. Interest earned was $38 million at a yield of 3.54% compared to interest earned of $48 million at a yield of 3.96% a year earlier.

To read the entire KeyCorp news release, click here.