Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 268

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 268
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17.0%, from December 31, 2023, also largely driven by balance sheet reductions and economic forecasts, including improved home price values.

Figure 29. Allocation of the Allowance for Loan and Lease Losses

 20242023December 31,Dollars in millionsTotalAllowancePercent ofAllowanceto TotalAllowancePercent ofLoan Typeto TotalLoansTotalAllowancePercent ofAllowanceto TotalAllowancePercent ofLoan Typeto TotalLoansCommercial and industrial$639 45.4 %50.7 %$556 36.9 %49.6 %Commercial real estate:Commercial mortgage320 22.7 12.8 419 27.8 13.5 Construction51 3.6 2.8 52 3.4 2.7 Total commercial real estate loans371 26.3 15.6 471 31.2 16.2 Commercial lease financing27 1.9 2.6 33 2.2 3.1 Total commercial loans1,037 73.6 68.9 1,060 70.3 68.9 Real estate — residential mortgage90 6.4 19.1 162 10.7 18.6 Home equity loans70 5.0 6.1 86 5.7 6.4 Other consumer loans136 9.6 5.0 122 8.1 5.2 Credit cards76 5.4 .9 78 5.2 .9 Total consumer loans372 26.4 31.1 448 29.7 31.1 Total loans (a)$1,409 100.0 %100.0 %$1,508 100.0 %100.0 %

(a)Excludes allocations of the ALLL related to the discontinued operations of the education lending business in the amount of $13 million at December 31, 2024, and $16 million at December 31, 2023.

87

Net loan charge-offs

Figure 30 shows the trend in our net loan charge-offs by loan type, while the composition of loan charge-offs and recoveries by type of loan is presented in Figure 32. Figure 31 shows the ratio of net charge-offs by loan category as a percentage of the respective average loan