KeyCorp (KEY) reported slightly higher fourth-quarter income even after recording a charge related to a previously announced efficiency plan.

The Cleveland company posted earnings of $197 million, up about 1.5% from a year earlier. Its earnings per share of 21 cents met the expectations of analysts polled by Bloomberg. For the year, the company earned $836 million, up almost 3% from 2011.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.