Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 150

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 150
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Net decrease (increase) in loans, excluding acquisitions, sales and transfers(1,950)6,962 Proceeds from sales of portfolio loans122 156 Proceeds from corporate-owned life insurance56 90 Purchases of premises, equipment, and software(62)(42)Proceeds from sales of premises and equipment3 12 NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES814 1,304 FINANCING ACTIVITIESNet increase (decrease) in deposits1,005 4,766 Net increase (decrease) in short-term borrowings(795)(688)Net proceeds from issuance of long-term debt1,484 1,565 Payments on long-term debt(2,981)(5,649)Employee equity compensation program Common Share repurchases(35)(27)Net proceeds from reissuance of Common Shares5 5 Net proceeds from Scotiabank investment— 811 Cash dividends paid(792)(689)NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES(2,109)94 NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS195 335 CASH AND DUE FROM BANKS AT BEGINNING OF PERIOD1,743 941 CASH AND DUE FROM BANKS AT END OF PERIOD$1,938 $1,276 Additional disclosures relative to cash flows:Interest paid$2,839 $3,112 Income taxes paid (refunded)28 69 Noncash items:Reduction of secured borrowing and related collateral$1 $3 Loans transferred to portfolio from held for sale71 123 Loans transferred to held for sale from portfolio6 3 Loans transferred to OREO3 4 ABS risk retentions— 6 

See Notes to Consolidated Financial Statements (Unaudited).

52

Notes to Consolidated Financial Statements (Unaudited)

1. Basis of Presentation and Accounting PoliciesThe consolidated financial statements include the accounts of KeyCorp and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Some previously reported amounts have been reclassified in the statements of income from “other income” to “net securities gains (losses).”The consolidated financial statements include any voting rights entities in which we have a controlling financial interest. In accordance with the applicable accounting guidance for consolidations, we consolidate a VIE if we have: