Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 199

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 199
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 at December 31, 2024, related to the discontinued operations of the education lending business. These amounts are included within “Discontinued assets” on the Consolidated Balance Sheet. 

4. Asset Quality ALLLWe estimate the appropriate level of the ALLL on at least a quarterly basis. The methodology is described in Note 1 ("Summary of Significant Accounting Policies") under the heading "Allowance for Loan and Lease Losses" beginning on page 112 of our 2024 Form 10-K. The ALLL at March 31, 2025, represents our current estimate of lifetime credit losses inherent in the loan portfolio at that date. The changes in the ALLL by loan category for the periods indicated are as follows: 

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Three months ended March 31, 2025:Dollars in millionsDecember 31, 2024ProvisionCharge-offsRecoveriesMarch 31, 2025Commercial and Industrial $639 $82 $(62)$10 $669 Commercial real estate:Real estate — commercial mortgage320 13 (36)— 297 Real estate — construction51 6 — — 57 Total commercial real estate loans371 19 (36)— 354 Commercial lease financing27 7 — — 34 Total commercial loans1,037 108 (98)10 1,057 Real estate — residential mortgage90 (19)(1)1 71 Home equity loans70 5 (1)1 75 Other consumer loans136 19 (14)2 143 Credit cards76 17 (12)2 83 Total consumer loans372 22 (28)6 372 Total ALLL — continuing operations1,409 130 (a)(126)16 1,429 Discontinued operations13 1 (1)— 13 Total ALLL — including discontinued operations$1,422 $131 $(127)$16 $1,442 (a)Excludes a credit related to reserves on lending-related commitments of $12 million.Three months ended March 31, 2024:Dollars in millionsDecember 31, 2023ProvisionCharge-offsRecoveriesMarch 31, 2024Commercial and Industrial $556 $151 $(62)$8 $653 Commercial real estate:Real estate — commercial mortgage419 (25)(5)— 389 Real estate — construction52 9