KEYCORP /NEW/
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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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.
Sep 30, 2026 · Filed Nov 3, 2026
KEY$21.41+2.7%Stored close · as of Nov 9, 2026
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Accounting and Reporting Developments
Accounting Guidance Pending Adoption at September 30, 2026
| Standard | Required Adoption | Description | Effect on Financial Statements or Other Significant Matters |
|---|---|---|---|
| ASU 2024-03 and ASU 2025-01Income Statement—ReportingComprehensiveIncome—ExpenseDisaggregationDisclosures (Topic220-40) | January 1, 2027Early adoption is permitted. | The guidance requires public companies disclose additional information about certain types of costs and expenses.The guidance could be applied on a prospective or retrospective basis. | The guidance is not expected to have a material impact on Key’s disclosures. |
| ASU 2025-08 Financial Instruments—Credit Losses (Topic 326): Purchased Loans | January 1, 2027Early adoption is permitted. | This guidance expands the types of acquired financial assets that must use the gross‑up approach under ASC 326. Certain non‑PCD loans considered “seasoned” are now accounted for using the gross‑up approach at acquisition. All non‑PCD loans acquired in a business combination are considered “seasoned” and other acquired loans are considered “seasoned” if they were purchased at least 90 days after origination and the acquirer did not originate the loans.This guidance must be applied prospectively to loans that are acquired on or after the initial application date. | Adoption of this ASU will impact our financial condition and results of operations on a prospective basis only when loans are acquired. |
| ASU 2025-06 - Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40) | January 1, 2028Early adoption permitted. | The guidance revises the accounting for internal-use software by replacing prescriptive development stage guidance with a principle-based capitalization threshold. Entities are required to begin capitalizing costs when management commits funding and it is probable the software will be completed and used as intended.This guidance may be applied on a prospective, retrospective or modified retrospective basis. | Key is currently evaluating the impact of this guidance on its financial condition and results of operations. |
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