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
Extracted filing text, with the paragraph anchors used by the comparison.
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Consumer Bank
Summary of operations
| Three Months Ended September 30, · Percent | |||
|---|---|---|---|
| Dollars in millions | 2026 | 2025 | Change |
| Summary of operations | |||
| Net interest income (TE) | $793 | $748 | 6.0% |
| Noninterest income | 256 | 243 | 5.3 |
| Total revenue (TE) | 1,049 | 991 | 5.9 |
| Provision for credit losses | 55 | 40 | 37.5 |
| Noninterest expense | 716 | 677 | 5.8 |
| Income (loss) before income taxes (TE) | 278 | 274 | 1.5 |
| Allocated income taxes (benefit) and TE adjustments | 67 | 66 | 1.5 |
| Net income (loss) attributable to Key | $211 | $208 | 1.4% |
| Average loans and leases | |||
| Real estate — residential mortgage | $17,984 | $19,137 | (6.0)% |
| Home equity loans | 5,307 | 5,911 | (10.2) |
| Other consumer loans | 4,294 | 4,828 | (11.1) |
| Credit cards | 912 | 931 | (2.0) |
| Commercial loans | 4,099 | 4,570 | (10.3) |
| Total loans and leases | $32,596 | $35,377 | (7.9)% |
| Average deposits | |||
| Money market deposits | $36,874 | $35,278 | 4.5% |
| Demand deposits | 22,540 | 22,607 | (.3) |
| Savings deposits | 4,143 | 4,291 | (3.4) |
| Time deposits | 9,539 | 11,110 | (14.1) |
| Noninterest-bearing deposits | 14,271 | 14,432 | (1.1) |
| Total deposits | $87,367 | $87,718 | (.4)% |
| Credit-related statistics | |||
| Nonperforming assets at period end | $248 | $266 | |
| Net loan charge-offs | 47 | 49 | |
| Net loan charge-offs to average total loans | 0.57% | 0.55% | |
Net income attributable to Key of $211 million for the third quarter of 2026, compared to $208 million for the year-ago quarter
Taxable-equivalent net interest income attributable to the Consumer Bank increased $45 million, or 6.0%, compared to the third quarter of 2025
Average loans and leases decreased $2.8 billion, or 7.9%, from the third quarter of 2025, reflective of the continued run-off across all consumer loan categories
Average deposits decreased $351 million, or 0.4%, from the third quarter of 2025, driven by lower time deposits, partially offset by an increase in money market deposits
Provision for credit losses increased $15 million compared to the third quarter of 2025, primarily reflecting a reserve build as a result of economic conditions
Noninterest income increased $13 million, or 5.3%, from the third quarter of 2025, primarily driven by higher trust and investment services income
Noninterest expense increased $39 million, or 5.8%, from the third quarter of 2025, driven by an increase in personnel expense
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