Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 269

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 269
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 balance.

Over the past 12 months, net loan charge-offs increased $196 million, with the most significant amounts coming from charge-offs of commercial and industrial loans from consumer goods related exposures.

Figure 30. Net Loan Charge-offs from Continuing Operations(a)

Year ended December 31,  Dollars in millions20242023Commercial and industrial$305 $144 Real estate — commercial mortgage38 37 Real estate — construction— (1)Commercial lease financing2 (5)Total commercial loans345 175 Real estate — residential mortgage(2)(3)Home equity loans— (1)Other consumer loans56 43 Credit cards41 30 Total consumer loans95 69 Total net loan charge-offs$440 $244 Net loan charge-offs to average loans.41 %.21 %Net loan charge-offs from discontinued operations — education lending business$3 $3 

(a)Credit amounts indicate that recoveries exceeded charge-offs.

Figure 31. Net Loan Charge-offs to Average Loans from Continuing Operations(a)

Year ended December 31,20242023Commercial and industrial0.56 %0.24 %Real estate — commercial mortgage0.27 0.23 Real estate — construction— (0.04)Commercial lease financing0.05 (0.14)Total commercial loans0.46 0.21 Real estate — residential mortgage(0.01)(0.01)Home equity loans— (0.01)Other consumer loans1.01 0.69 Credit cards4.44 3.04 Total consumer loans0.29 0.19 Total net loan charge-offs0.41 %0.21 %

(a)Credit amounts indicate that recoveries exceeded charge-offs.

88

Figure 32. Summary of Loan and Lease Loss Experience from Continuing Operations

Year ended December 31,Dollars in millions20242023Average loans outstanding$107,724 $118,004 Allowance for loan and lease losses at beginning of period$1,508 $1,337 Loans charged off:Commercial and industrial$363 $188 Real estate — commercial mortgage40 39 Real estate — construction— — Total commercial real estate loans (a)40 39 Commercial lease financing7 — Total commercial loans (b)410 227 Real estate — residential mortgage3 1 Home equity loans2 2 Other consumer