KEYCORP /NEW/

Key reported $387 million in net income from continuing operations attributable to Key common shareholders, or diluted earnings per share of $0.35, in the second quarter of 2025.

Our actions and results during the second quarter of 2025 support our corporate strategy described in the “Introduction” section under the “Corporate strategy” heading on page 50 of our 2024 Form 10-K.

•Our relationship-based business model and our long-term strategic commitment to primacy, that is, serving as our client's primary bank, continues to serve us well, highlighted by a 3% increase quarter-over-quarter in commercial loans and 2% increase year-over-year in client deposits and net new relationship households.

•Our Assets Under Management stand at a record high of $64.2 billion for the second quarter of 2025, driven by net positive cash inflows and market impacts on portfolios.

•Our continuous focus on maintaining our risk discipline has and should continue to position us to perform well through all business cycles. Net charge-offs are tracking at the low-end of our current outlook for the year.

•Our noninterest income increased 10% year-over-year, driven by differentiated fee businesses strategically focused on targeted scale.

•We ended the quarter with a Common Equity Tier 1 ratio of 11.7%(a), up approximately 120 basis points year-over-year, which positions us to continue to support existing and prospective clients.

(a)June 30, 2025 capital ratios are estimates