KEYCORP /NEW/

For the period ended Dec 31, 2025. Filed Feb 23, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 23, 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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Contents

Consolidated Statements of Income

Year ended December 31,
Dollars in millions, except per share amounts	2025	2024	2023
INTEREST INCOME
Loans	$5,749	$6,026	$6,219
Loans held for sale	61	60	61
Securities available for sale	1,599	1,142	793
Held-to-maturity securities	264	284	312
Trading account assets	56	61	55
Short-term investments	624	792	414
Other investments	33	62	73
Total interest income	8,386	8,427	7,927
INTEREST EXPENSE
Deposits	2,919	3,307	2,322
Federal funds purchased and securities sold under repurchase agreements	13	4	79
Bank notes and other short-term borrowings	84	164	308
Long-term debt	734	1,187	1,305
Total interest expense	3,750	4,662	4,014
NET INTEREST INCOME	4,636	3,765	3,913
Provision for credit losses	471	335	489
Net interest income after provision for credit losses	4,165	3,430	3,424
NONINTEREST INCOME
Trust and investment services income	591	557	516
Investment banking and debt placement fees	780	688	542
Cards and payments income	337	331	340
Service charges on deposit accounts	295	261	270
Corporate services income	294	275	302
Commercial mortgage servicing fees	287	258	190
Corporate-owned life insurance income	140	138	132
Consumer mortgage income	58	58	51
Operating lease income and other leasing gains	43	76	92
Other income	23	23	46
Net securities gains (losses)	(6)	(1,856)	(11)
Total noninterest income	2,842	809	2,470
NONINTEREST EXPENSE
Personnel	2,917	2,714	2,660
Net occupancy	270	266	267
Computer processing	425	414	368
Business services and professional fees	193	174	168
Equipment	83	80	88
Operating lease expense	38	63	77
Marketing	95	94	109
Other expense	682	740	997
Total noninterest expense	4,703	4,545	4,734
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	2,304	(306)	1,160
Income taxes	476	(143)	196
INCOME (LOSS) FROM CONTINUING OPERATIONS	1,828	(163)	964
Income (loss) from discontinued operations	1	2	3
NET INCOME (LOSS)	$1,829	$(161)	$967
Income (loss) from continuing operations attributable to Key common shareholders	$1,685	$(306)	$821
Net income (loss) attributable to Key common shareholders	1,686	(304)	824
Per Common Share:
Income (loss) from continuing operations attributable to Key common shareholders	$1.53	$(.32)	$.88
Income (loss) from discontinued operations, net of taxes	—	—	—
Net income (loss) attributable to Key common shareholders (a)	1.53	(.32)	.89
Per Common Share — assuming dilution:
Income (loss) from continuing operations attributable to Key common shareholders	$1.52	$(.32)	$.88
Income (loss) from discontinued operations, net of taxes	—	—	—
Net income (loss) attributable to Key common shareholders (a)	1.52	(.32)	.88
Weighted-average Common Shares outstanding (000)	1,098,558	949,561	927,217
Effect of Common Share options and other stock awards(b)	9,436	—	5,542
Weighted-average Common Shares and potential Common Shares outstanding (000)(c)	1,107,994	949,561	932,759

(a)EPS may not foot due to rounding.

(b)For periods ended in a loss from continuing operations attributable to Key common shareholders, anti-dilutive instruments have been excluded from the calculation of diluted earnings per share.

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

ContentsView on SEC.gov

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