Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 18

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 18
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90 15,225 345 4.55 19 (53)(34)Total interest-bearing deposits120,335 1,483 2.49 114,341 1,599 2.81 95 (211)(116)Federal funds purchased and securities sold under repurchase agreements258 5 4.22 115 2 4.42 3 — 3 Bank notes and other short-term borrowings2,784 61 4.47 3,471 97 5.60 (17)(19)(36)Long-term debt (g)11,934 391 6.58 19,378 660 6.81 (245)(24)(269)Total interest-bearing liabilities135,311 1,940 2.89 137,305 2,358 3.45 (164)(254)(418)Noninterest-bearing deposits27,655 29,189 Accrued expense and other liabilities4,528 5,170 Discontinued liabilities (f)246 317 Total liabilities167,740 171,981 EQUITYKey shareholders’ equity18,952 14,561 Total liabilities and equity$186,692 $186,542 Interest rate spread (TE)1.99 %1.27 %Net interest income (TE) and net interest margin (TE)$2,255 2.62 %$1,785 2.03 %$124 $346 $470 TE adjustment (b)18 23 Net interest income, GAAP basis$2,237 $1,762 

(a)Results are from continuing operations. Interest excludes the interest associated with the liabilities referred to in (g) below, calculated using a matched funds transfer pricing methodology.

(b)Interest income on tax-exempt securities and loans has been adjusted to a taxable-equivalent basis using the statutory federal income tax rate of 21% for the six months ended June 30, 2025, and June 30, 2024, respectively.

(c)For purposes of these computations, nonaccrual loans are included in average loan balances.

(d)Commercial and industrial average balances include $216 million and $214 million of assets from commercial credit cards for the six months ended June 30, 2025, and June 30, 2024, respectively.

(e)Yield presented is calculated on the basis