Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 30

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 30
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 Dakota, and WisconsinSoutheast –Alabama, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, Washington D.C., and West VirginiaNortheast –Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and VermontNational –Accounts in three or more regions

N/M = not meaningful

Consumer loan portfolio

Consumer loans outstanding as of September 30, 2025, totaled $30.6 billion, a decrease of $1.8 billion, or 5.5%, from December 31, 2024. The decrease was driven by declines across all consumer loan categories, including residential mortgages, home equity, and student loans, and was reflective of the intentional run-off of lower yielding loans.

25

The residential mortgage portfolio is comprised of loans originated by our Consumer Bank and is the largest segment of our consumer loan portfolio as of September 30, 2025, representing 62% of consumer loans outstanding. This is followed by our home equity portfolio representing 19% of consumer loans outstanding at September 30, 2025. 

We held the first lien position for approximately 64% of the home equity portfolio at September 30, 2025, and 65% at December 31, 2024. For loans with real estate collateral, we track borrower performance monthly. Regardless of the lien position, credit metrics are refreshed quarterly, including recent FICO scores as well as updated loan-to-value ratios. This information is used in establishing the ALLL. Our methodology is described in Note 1 (“Summary of Significant Accounting Policies”) under the heading “Allowance for Loan and Lease Losses” of our 2024 Form 10-K.

Figure 10 presents our consumer loans by geography.

Figure 10. Consumer Loans by State

Dollars in millionsReal estate — residential mortgageHome equity loansOther consumer loansCredit cardsTotalSeptember 30, 2025Washington$4,097 $869 $204 $85 $5,255 Ohio2,633 792 76 187 3,688 New York647 1,626 722 322 3,317 Colorado2,803 242 123 29 3,197 California2,084 12 411 3 2,510 Oregon1,153 495 85 40 1,773 Pennsylvania386 410 304 60