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$21.34-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Dollars in millions | Nine months ended September 30, | |
|---|---|---|
| (Unaudited) | 2026 | 2025 |
| OPERATING ACTIVITIES | ||
| Net income (loss) | $1,610 | $1,319 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Provision for credit losses | 259 | 363 |
| Depreciation, amortization, and accretion, net | (20) | 18 |
| Increase in cash surrender value of corporate-owned life insurance | (91) | (90) |
| Stock-based compensation expense | 100 | 99 |
| Deferred income taxes (benefit) | 68 | (15) |
| Proceeds from sales of loans held for sale | 6,589 | 6,756 |
| Originations of loans held for sale, net of repayments | (6,523) | (6,935) |
| Net losses (gains) on sales of loans held for sale | (90) | (93) |
| Net losses (gains) on leased equipment | (3) | — |
| Net securities and other investments losses (gains) | (4) | 6 |
| Net change in: | ||
| Trading account assets | 136 | 311 |
| Accrued income and other assets | (1,203) | (77) |
| Accrued expense and other liabilities | 416 | (694) |
| Other operating activities, net | (325) | 522 |
| NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | 919 | 1,490 |
| INVESTING ACTIVITIES | ||
| Net cash paid on acquisitions | (61) | — |
| Net decrease (increase) in short-term investments, excluding acquisitions | (2,810) | 4,170 |
| Purchases of securities available for sale | (4,085) | (6,517) |
| Proceeds from sales of securities available for sale | 650 | 5 |
| Proceeds from prepayments and maturities of securities available for sale | 4,943 | 4,976 |
| Proceeds from prepayments and maturities of held-to-maturity securities | 1,135 | 759 |
| Purchases of held-to-maturity securities | (2,120) | (868) |
| Net decrease (increase) in other investments | (330) | 120 |
| Net decrease (increase) in loans, excluding acquisitions, sales and transfers | (6,893) | (1,950) |
| Proceeds from sales of portfolio loans | 163 | 122 |
| Proceeds from corporate-owned life insurance | 62 | 56 |
| Purchases of premises, equipment, and software | (76) | (62) |
| Proceeds from sales of premises and equipment | 3 | 3 |
| NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (9,419) | 814 |
| FINANCING ACTIVITIES | ||
| Net increase (decrease) in deposits | 5,101 | 1,005 |
| Net increase (decrease) in short-term borrowings | 4,150 | (795) |
| Net proceeds from issuance of long-term debt | 3,179 | 1,484 |
| Payments on long-term debt | (1,299) | (2,981) |
| Redemption of preferred shares | (525) | — |
| Common Share repurchases (a) | (1,047) | — |
| Employee equity compensation program Common Share repurchases | (47) | (35) |
| Net proceeds from reissuance of Common Shares | 10 | 5 |
| Cash dividends paid | (769) | (792) |
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 8,753 | (2,109) |
| NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS | 253 | 195 |
| CASH AND DUE FROM BANKS AT BEGINNING OF PERIOD | 1,287 | 1,743 |
| CASH AND DUE FROM BANKS AT END OF PERIOD | $1,540 | $1,938 |
| Additional disclosures relative to cash flows: | ||
| Interest paid | $2,320 | $2,839 |
| Income taxes paid (refunded) | 173 | 28 |
| Noncash items: | ||
| Reduction of secured borrowing and related collateral | $1 | $1 |
| Loans transferred to portfolio from held for sale | 13 | 71 |
| Loans transferred to held for sale from portfolio | 67 | 6 |
| Loans transferred to OREO | 4 | 3 |
(a)Includes open market repurchases and shares purchased pursuant to the share repurchase agreement with Scotiabank.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.