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
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Provision for credit losses
Key’s provision for credit losses was $61 million for the three months ended September 30, 2026, compared to $107 million for the three months ended September 30, 2025. The provision for credit losses was $259 million for the nine months ended September 30, 2026, compared to $363 million for the nine months ended September 30, 2025. The decrease compared to the prior year periods was primarily driven by reserve releases in 2026, reflective of favorable portfolio trends and a more stable economic outlook, in addition to lower net loan charge-offs. The provision for credit losses in the third quarter of 2026 reflected net loan charge-offs of $89 million and a net reserve release of $28 million, as the impact of an improved commercial portfolio mix continues to offset the effects of loan growth, credit migration, and economic uncertainty.
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