KEYCORP /NEW/

For the period ended Sep 30, 2025. Filed Nov 4, 2025.

About this filing

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, 2025 · Filed Nov 4, 2025

KEY$21.34-0.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

Dollars in millions, except per share amounts	Three months ended September 30,		Nine months ended September 30,
(Unaudited)	2025	2024	2025	2024
INTEREST INCOME
Loans	$1,466	$1,516	$4,310	$4,578
Loans held for sale	18	18	43	40
Securities available for sale	408	298	1,211	789
Held-to-maturity securities	64	70	188	218
Trading account assets	11	15	44	45
Short-term investments	156	244	487	578
Other investments	8	14	25	47
Total interest income	2,131	2,175	6,308	6,295
INTEREST EXPENSE
Deposits	748	887	2,231	2,486
Federal funds purchased and securities sold under repurchase agreements	4	1	9	3
Bank notes and other short-term borrowings	14	43	75	140
Long-term debt	181	292	572	952
Total interest expense	947	1,223	2,887	3,581
NET INTEREST INCOME	1,184	952	3,421	2,714
Provision for credit losses	107	95	363	296
Net interest income after provision for credit losses	1,077	857	3,058	2,418
NONINTEREST INCOME
Trust and investment services income	150	140	435	415
Investment banking and debt placement fees	184	171	537	467
Cards and payments income	86	84	253	246
Service charges on deposit accounts	75	67	217	196
Corporate services income	72	69	213	206
Commercial mortgage servicing fees	73	73	219	190
Corporate-owned life insurance income	35	36	100	102
Consumer mortgage income	14	12	42	42
Operating lease income and other leasing gains	11	16	34	61
Other income	8	(2)	16	28
Net securities gains (losses)	(6)	(935)	(6)	(948)
Total noninterest income	702	(269)	2,060	1,005
NONINTEREST EXPENSE
Personnel	742	670	2,127	1,980
Net occupancy	65	66	201	199
Computer processing	105	104	319	307
Business services and professional fees	44	41	132	119
Equipment	20	20	61	60
Operating lease expense	9	14	30	48
Marketing	22	21	67	61
Other expense	170	158	525	542
Total noninterest expense	1,177	1,094	3,462	3,316
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	602	(506)	1,656	107
Income taxes	112	(95)	337	26
INCOME (LOSS) FROM CONTINUING OPERATIONS	490	(411)	1,319	81
Income (loss) from discontinued operations	(1)	1	—	2
NET INCOME (LOSS)	$489	$(410)	$1,319	$83
Income (loss) from continuing operations attributable to Key common shareholders	$454	$(447)	$1,211	$(27)
Net income (loss) attributable to Key common shareholders	453	(446)	1,211	(25)
Per Common Share:
Income (loss) from continuing operations attributable to Key common shareholders	$.41	$(.47)	$1.10	$(.03)
Income (loss) from discontinued operations, net of taxes	—	—	—	—
Net income (loss) attributable to Key common shareholders (a)	.41	(.47)	1.10	(.03)
Per Common Share — assuming dilution:
Income (loss) from continuing operations attributable to Key common shareholders	$.41	$(.47)	$1.09	$(.03)
Income (loss) from discontinued operations, net of taxes	—	—	—	—
Net income (loss) attributable to Key common shareholders (a)	.41	(.47)	1.09	(.03)
Weighted-average Common Shares outstanding (000)	1,100,830	948,979	1,099,520	936,962
Effect of Common Share options and other stock awards	9,845	—	8,864	—
Weighted-average Common Shares and potential Common Shares outstanding (000) (b)	1,110,675	948,979	1,108,384	936,962

(a)EPS may not foot due to rounding.

(b)Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.