KEYCORP /NEW/

For the period ended Jun 30, 2026. Filed Aug 4, 2026.

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.

Jun 30, 2026 · Filed Aug 4, 2026

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 June 30,		Six months ended June 30,
(Unaudited)	2026	2025	2026	2025
INTEREST INCOME
Loans	$1,463	$1,443	$2,879	$2,844
Loans held for sale	15	11	29	25
Securities available for sale	367	411	737	803
Held-to-maturity securities	95	61	181	124
Trading account assets	10	16	21	33
Short-term investments	101	157	204	331
Other investments	8	8	13	17
Total interest income	2,059	2,107	4,064	4,177
INTEREST EXPENSE
Deposits	600	730	1,198	1,483
Federal funds purchased and securities sold under repurchase agreements	19	4	33	5
Bank notes and other short-term borrowings	35	34	55	61
Long-term debt	155	198	306	391
Total interest expense	809	966	1,592	1,940
NET INTEREST INCOME	1,250	1,141	2,472	2,237
Provision for credit losses	92	138	198	256
Net interest income after provision for credit losses	1,158	1,003	2,274	1,981
NONINTEREST INCOME
Trust and investment services income	159	146	316	285
Investment banking and debt placement fees	169	178	366	353
Cards and payments income	94	85	180	167
Service charges on deposit accounts	77	73	154	142
Corporate services income	80	76	151	141
Commercial mortgage servicing fees	49	70	111	146
Corporate-owned life insurance income	33	32	67	65
Consumer mortgage income	17	15	30	28
Operating lease income and other leasing gains	10	14	18	23
Other income	15	1	33	8
Net securities gains (losses)	3	—	3	—
Total noninterest income	706	690	1,429	1,358
NONINTEREST EXPENSE
Personnel	786	705	1,529	1,385
Net occupancy	68	69	136	136
Computer processing	108	107	219	214
Business services and professional fees	46	48	82	88
Equipment	22	21	41	41
Operating lease expense	7	10	14	21
Marketing	22	24	40	45
Other expense	158	170	337	355
Total noninterest expense	1,217	1,154	2,398	2,285
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	647	539	1,305	1,054
Income taxes	139	116	275	225
INCOME (LOSS) FROM CONTINUING OPERATIONS	508	423	1,030	829
Income (loss) from discontinued operations	1	2	1	1
NET INCOME (LOSS)	$509	$425	$1,031	$830
Income (loss) from continuing operations attributable to Key common shareholders	$472	$387	$958	$757
Net income (loss) attributable to Key common shareholders	473	389	959	758
Per Common Share:
Income (loss) from continuing operations attributable to Key common shareholders	$.44	$.35	$.89	$.69
Income (loss) from discontinued operations, net of taxes	—	—	—	—
Net income (loss) attributable to Key common shareholders (a)	.44	.35	.89	.69
Per Common Share — assuming dilution:
Income (loss) from continuing operations attributable to Key common shareholders	$.44	$.35	$.88	$.69
Income (loss) from discontinued operations, net of taxes	—	—	—	—
Net income (loss) attributable to Key common shareholders (a)	.44	.35	.88	.69
Weighted-average Common Shares outstanding (000)	1,071,229	1,100,033	1,077,977	1,098,453
Effect of Common Share options and other stock awards	8,779	7,177	9,435	8,331
Weighted-average Common Shares and potential Common Shares outstanding (000) (b)	1,080,008	1,107,210	1,087,412	1,106,784

(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.

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.