KEYCORP /NEW/
For the period ended Jun 30, 2026. Filed Aug 4, 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.
Jun 30, 2026 · Filed Aug 4, 2026
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Consumer Bank
Summary of operations
| Three Months Ended June 30, · Percent | |||
|---|---|---|---|
| Dollars in millions | 2026 | 2025 | Change |
| Summary of operations | |||
| Net interest income (TE) | $757 | $731 | 3.6% |
| Noninterest income | 253 | 235 | 7.7 |
| Total revenue (TE) | 1,010 | 966 | 4.6 |
| Provision for credit losses | 26 | 55 | (52.7) |
| Noninterest expense | 716 | 693 | 3.3 |
| Income (loss) before income taxes (TE) | 268 | 218 | 22.9 |
| Allocated income taxes (benefit) and TE adjustments | 65 | 53 | 22.6 |
| Net income (loss) attributable to Key | $203 | $165 | 23.0% |
| Average loans and leases | |||
| Real estate — residential mortgage | $18,302 | $19,440 | (5.9)% |
| Home equity loans | 5,424 | 6,057 | (10.5) |
| Other consumer loans | 4,423 | 4,938 | (10.4) |
| Credit cards | 909 | 920 | (1.2) |
| Commercial loans | 4,205 | 4,782 | (12.1) |
| Total loans and leases | $33,263 | $36,138 | (8.0)% |
| Average deposits | |||
| Money market deposits | $36,116 | $34,524 | 4.6% |
| Demand deposits | 22,861 | 22,784 | .3 |
| Savings deposits | 4,238 | 4,406 | (3.8) |
| Time deposits | 10,102 | 11,907 | (15.2) |
| Noninterest-bearing deposits | 14,082 | 14,381 | (2.1) |
| Total deposits | $87,399 | $88,002 | (.7)% |
| Credit-related statistics | |||
| Nonperforming assets at period end | $253 | $269 | |
| Net loan charge-offs | 45 | 40 | |
| Net loan charge-offs to average total loans | 0.54% | 0.44% | |
Net income attributable to Key of $203 million for the second quarter of 2026, compared to $165 million for the year-ago quarter
Taxable-equivalent net interest income attributable to the Consumer Bank increased $26 million, or 3.6%, compared to the second quarter of 2025
Average loans and leases decreased $2.9 billion, or 8.0%, from the second quarter of 2025, reflective of the intentional run-off of low-yielding loans
Average deposits decreased $603 million, or 0.7%, from the second quarter of 2025, driven by lower time deposits, partially offset by an increase in money market deposits
Provision for credit losses decreased $29 million compared to the second quarter of 2025, primarily driven by favorable economic assumptions and portfolio credit trends
Noninterest income increased $18 million, or 7.7%, from the second quarter of 2025, primarily driven by higher trust and investment services income
Noninterest expense increased $23 million, or 3.3%, from the second quarter of 2025, primarily driven by higher personnel expense
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