KEYCORP /NEW/

Key reported $537 million in net income from continuing operations attributable to Key common shareholders, or diluted earnings per share of $0.51, in the third quarter of 2026.

Our actions and results during the third quarter of 2026 support our corporate strategy described in the “Introduction” section under the “Corporate strategy” heading on page 51 of our 2025 Form 10-K.

•Relationship households increased approximately 2% and commercial clients increased approximately 3% year-over-year, reflecting continued client acquisition and relationship deepening.

•Our priority fee-based businesses — investment banking, commercial payments, and wealth management – continued to contribute to revenue diversification, collectively growing approximately 12% in the third quarter 2026 compared with the prior-year period.

•We closed on our acquisition of Clearwater UK, which is expected to expand our middle-market mergers and acquisitions (“M&A”) advisory capabilities internationally and further support our priority fee-based business growth strategy.

•Our Assets Under Management were $74.5 billion for the third quarter of 2026, up 9.7% year-over-year, reflecting favorable market impacts as well as continued momentum in our wealth management business.

•Our continuous focus on disciplined client selection, prudent underwriting standards and deep domain expertise in helping clients navigate the uncertain environment was evident this quarter. Net charge-offs were 32 basis points in the third quarter.

•We continued to deploy capital in a disciplined manner to support organic client growth, invest in the franchise, and return capital to shareholders. During the third quarter, we repurchased $320 million of common shares and remain on pace to complete $1.3 billion of share repurchases in 2026, while maintaining a strong capital position with a CET1 ratio of 11.1%(a), which positions us to continue to support existing and prospective clients.

(a)September 30, 2026 capital ratios are estimates