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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Provision for credit losses
Key’s provision for credit losses was $92 million for the three months ended June 30, 2026, compared to $138 million for the three months ended June 30, 2025. The provision for credit losses was $198 million for the six months ended June 30, 2026, compared to $256 million for the six months ended June 30, 2025. The decrease compared to the prior year periods was primarily driven by reserve builds recorded in 2025 in response to more adverse and uncertain economic conditions, while the outlook in 2026 has been more resilient. The provision for credit losses in the second quarter of 2026 reflected net loan charge-offs of $115 million and a net reserve release of $23 million, as the favorable impact of an improved commercial portfolio mix more than offset the effects of loan growth, credit migration, and economic uncertainty.
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