KEYCORP /NEW/
For the period ended Dec 31, 2025. Filed Feb 23, 2026.
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FY2025 · Filed Feb 23, 2026
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Deposits and other sources of funds
Figure 18. Breakdown of Deposits at December 31, 2025
The following presents the breakdown of our deposits by product for the noted periods.
| December 31, | ||
|---|---|---|
| Dollars in billions | 2025 | 2024 |
| Money market deposits | $42.7 | $41.0 |
| Demand deposits | 61.3 | 57.6 |
| Savings deposits | 4.4 | 4.6 |
| Time deposits | 12.7 | 17.0 |
| Noninterest bearing deposits | 27.6 | 29.6 |
| Total | $148.7 | $149.8 |
Our highly diversified deposit base is our primary source of funding. At December 31, 2025, our deposits totaled $148.7 billion, a decrease of $1.0 billion, compared to December 31, 2024.
Uninsured deposits totaled $66.2 billion and $64.4 billion at December 31, 2025 and December 31, 2024, respectively. Uninsured deposits are defined as the portion of deposit accounts in U.S. offices that exceed the FDIC insurance limit or similar state deposit insurance regimes and amounts in any other uninsured investment or deposit accounts that are classified as deposits and not subject to any federal or state deposit insurance regimes.
Figure 19 presents estimated uninsured deposits for the noted periods which reflect amounts disclosed in KeyBank’s Call Report adjusted for intercompany deposits, which are not customer facing and are eliminated in consolidation, and accrued interest.
Figure 19. Estimated Uninsured Deposits
| December 31, | ||
|---|---|---|
| Dollars in billions | 2025 | 2024 |
| Uninsured deposits(a) | $66.2 | $64.4 |
| Total deposits | 148.7 | 149.8 |
| Uninsured % of Deposits | 45% | 43% |
| (a) Intercompany deposits and accrued interest excluded from uninsured deposits | $12.8 | $12.4 |
As of December 31, 2025 and December 31, 2024, approximately $12.0 billion and $12.3 billion, respectively, of uninsured deposits were collateralized by government-backed securities.
Figure 20 presents the maturity distribution of estimated uninsured time deposits.
Figure 20. Maturity Distribution of Uninsured Time Deposit Amounts
| December 31, | ||
|---|---|---|
| Dollars in millions | 2025 | 2024 |
| Remaining maturity: | ||
| Three months or less | $636 | $575 |
| After three through six months | 381 | 582 |
| After six through twelve months | 152 | 220 |
| After twelve months | 29 | 77 |
| Total | $1,198 | $1,454 |
Wholesale funds, consisting of short-term borrowings and long-term debt, totaled $11.0 billion at December 31, 2025, compared to $14.2 billion at December 31, 2024. The decrease reflects maturities in long-term debt and a reduced need for wholesale borrowings. Wholesale funding supplements client deposit funding and may rise or fall with seasonal or other funding needs. For more information regarding our wholesale funds, see Item 7. Management’s Discussion & Analysis of Financial Condition & Results of Operations under the heading “Risk Management - Liquidity risk management” of this report.
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