Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 197

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 197
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ing Guidance Adopted in 2025 StandardDate of AdoptionDescriptionEffect on Financial Statements or Other Significant MattersASU 2023-09 IncomeTaxes (Topic 740)Annual periods beginningJanuary 1, 2025Early adoption ispermitted.This guidance requires certain annual tax disclosures related to rate reconciliation and income taxes paid.The guidance should be applied on a prospective or retrospective basis.The guidance is not expected to have a material impact and will be incorporated into Key’s annual tax disclosures within the Form 10-K.

2. Earnings Per Common Share Basic earnings per share is the amount of earnings (losses), adjusted for dividends declared on our preferred stock, available to each Common Share outstanding during the reporting periods. Diluted earnings per share is the amount of earnings (losses) available to each Common Share outstanding during the reporting periods adjusted to include the effects of potentially dilutive Common Shares. Potentially dilutive Common Shares include stock options and other stock-based awards. Potentially dilutive Common Shares are excluded from the computation of diluted earnings per share in the periods where the effect would be antidilutive. 

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Table of contents

Our basic and diluted earnings per Common Share are calculated as follows: Three months ended March 31,Dollars in millions, except per share amounts20252024EARNINGSIncome (loss) from continuing operations$406 $219 Less: Dividends on Preferred Stock36 36 Income (loss) from continuing operations attributable to Key common shareholders370 183 Income (loss) from discontinued operations, net of taxes(1)— Net income (loss) attributable to Key common shareholders$369 $183 WEIGHTED-AVERAGE COMMON SHARESWeighted-average Common Shares outstanding (000)1,096,654 929,692 Effect of Common Share options and other stock awards9,486 7,319 Weighted-average Common Shares and potential Common Shares outstanding (000)(a)1,106,140 937,011 EARNINGS PER COMMON SHAREIncome (loss) from continuing operations attributable to Key common shareholders$.34 $.20 Income (loss) from discontinued operations, net of taxes— — Net income (loss) attributable to Key common shareholders (b).34 .20 Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution$.33 $.20 Income (loss) from discontinued operations, net of taxes — assuming dilution— — Net income