KEYCORP /NEW/

For the period ended Jun 30, 2025. Filed Aug 5, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 5, 2025

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

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

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Income

Dollars in millions, except per share amounts	Three months ended June 30,		Six months ended June 30,
(Unaudited)	2025	2024	2025	2024
INTEREST INCOME
Loans	$1,443	$1,524	$2,844	$3,062
Loans held for sale	11	8	25	22
Securities available for sale	411	259	803	491
Held-to-maturity securities	61	73	124	148
Trading account assets	16	16	33	30
Short-term investments	157	192	331	334
Other investments	8	16	17	33
Total interest income	2,107	2,088	4,177	4,120
INTEREST EXPENSE
Deposits	730	817	1,483	1,599
Federal funds purchased and securities sold under repurchase agreements	4	1	5	2
Bank notes and other short-term borrowings	34	51	61	97
Long-term debt	198	332	391	660
Total interest expense	966	1,201	1,940	2,358
NET INTEREST INCOME	1,141	887	2,237	1,762
Provision for credit losses	138	100	256	201
Net interest income after provision for credit losses	1,003	787	1,981	1,561
NONINTEREST INCOME
Trust and investment services income	146	139	285	275
Investment banking and debt placement fees	178	126	353	296
Cards and payments income	85	85	167	162
Service charges on deposit accounts	73	66	142	129
Corporate services income	76	68	141	137
Commercial mortgage servicing fees	70	61	146	117
Corporate-owned life insurance income	32	34	65	66
Consumer mortgage income	15	16	28	30
Operating lease income and other leasing gains	14	21	23	45
Other income	1	21	8	30
Net securities gains (losses)	—	(10)	—	(13)
Total noninterest income	690	627	1,358	1,274
NONINTEREST EXPENSE
Personnel	705	636	1,385	1,310
Net occupancy	69	66	136	133
Computer processing	107	101	214	203
Business services and professional fees	48	37	88	78
Equipment	21	20	41	40
Operating lease expense	10	17	21	34
Marketing	24	21	45	40
Other expense	170	181	355	384
Total noninterest expense	1,154	1,079	2,285	2,222
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	539	335	1,054	613
Income taxes	116	62	225	121
INCOME (LOSS) FROM CONTINUING OPERATIONS	423	273	829	492
Income (loss) from discontinued operations	2	1	1	1
NET INCOME (LOSS)	$425	$274	$830	$493
Income (loss) from continuing operations attributable to Key common shareholders	$387	$237	$757	$420
Net income (loss) attributable to Key common shareholders	389	238	758	421
Per Common Share:
Income (loss) from continuing operations attributable to Key common shareholders	$.35	$.25	$.69	$.45
Income (loss) from discontinued operations, net of taxes	—	—	—	—
Net income (loss) attributable to Key common shareholders (a)	.35	.25	.69	.45
Per Common Share — assuming dilution:
Income (loss) from continuing operations attributable to Key common shareholders	$.35	$.25	$.69	$.45
Income (loss) from discontinued operations, net of taxes	—	—	—	—
Net income (loss) attributable to Key common shareholders (a)	.35	.25	.69	.45
Weighted-average Common Shares outstanding (000)	1,100,033	931,726	1,098,453	930,776
Effect of Common Share options and other stock awards	7,177	6,761	8,331	7,040
Weighted-average Common Shares and potential Common Shares outstanding (000) (b)	1,107,210	938,487	1,106,784	937,816

(a)EPS may not foot due to rounding.

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

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.