KEYCORP NEW

For the period ended Dec 31, 2024. Filed Feb 21, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 21, 2025

KEY$21.34-0.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income

Year ended December 31,
Dollars in millions, except per share amounts	2024	2023	2022
INTEREST INCOME
Loans	$6,026	$6,219	$4,241
Loans held for sale	60	61	56
Securities available for sale	1,142	793	752
Held-to-maturity securities	284	312	213
Trading account assets	61	55	31
Short-term investments	792	414	97
Other investments	62	73	22
Total interest income	8,427	7,927	5,412
INTEREST EXPENSE
Deposits	3,307	2,322	279
Federal funds purchased and securities sold under repurchase agreements	4	79	41
Bank notes and other short-term borrowings	164	308	90
Long-term debt	1,187	1,305	475
Total interest expense	4,662	4,014	885
NET INTEREST INCOME	3,765	3,913	4,527
Provision for credit losses	335	489	502
Net interest income after provision for credit losses	3,430	3,424	4,025
NONINTEREST INCOME
Trust and investment services income	557	516	526
Investment banking and debt placement fees	688	542	638
Cards and payments income	331	340	341
Service charges on deposit accounts	261	270	350
Corporate services income	275	302	372
Commercial mortgage servicing fees	258	190	167
Corporate-owned life insurance income	138	132	132
Consumer mortgage income	58	51	58
Operating lease income and other leasing gains	76	92	103
Other income	23	46	22
Net securities gains (losses)	(1,856)	(11)	9
Total noninterest income	809	2,470	2,718
NONINTEREST EXPENSE
Personnel	2,714	2,660	2,566
Net occupancy	266	267	295
Computer processing	414	368	314
Business services and professional fees	174	168	212
Equipment	80	88	92
Operating lease expense	63	77	101
Marketing	94	109	123
Other expense	740	997	707
Total noninterest expense	4,545	4,734	4,410
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(306)	1,160	2,333
Income taxes	(143)	196	422
INCOME (LOSS) FROM CONTINUING OPERATIONS	(163)	964	1,911
Income (loss) from discontinued operations	2	3	6
NET INCOME (LOSS)	$(161)	$967	$1,917
Income (loss) from continuing operations attributable to Key common shareholders	$(306)	$821	$1,793
Net income (loss) attributable to Key common shareholders	(304)	824	1,799
Per Common Share:
Income (loss) from continuing operations attributable to Key common shareholders	$(.32)	$.88	$1.94
Income (loss) from discontinued operations, net of taxes	—	—	.01
Net income (loss) attributable to Key common shareholders (a)	(.32)	.89	1.94
Per Common Share — assuming dilution:
Income (loss) from continuing operations attributable to Key common shareholders	$(.32)	$.88	$1.92
Income (loss) from discontinued operations, net of taxes	—	—	.01
Net income (loss) attributable to Key common shareholders (a)	(.32)	.88	1.93
Weighted-average Common Shares outstanding (000)	949,561	927,217	924,363
Effect of Common Share options and other stock awards(b)	—	5,542	8,696
Weighted-average Common Shares and potential Common Shares outstanding (000)(c)	949,561	932,759	933,059

(a)EPS may not foot due to rounding.

(b)For periods ended in a loss from continuing operations attributable to Key common shareholders, anti-dilutive instruments have been excluded from the calculation of diluted earnings per share.

(c)Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable.

ContentsView on SEC.gov

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