Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 65

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 65
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 per depositary share)(6)(6)Series H Preferred Stock ($.387500 per depositary share)(9)(9)Employee equity compensation program Common Share repurchases(1,859)— (26)(26)Common Shares reissued (returned) for stock options and other employee benefit plans8,071 (113)148 35 BALANCE AT MARCH 31, 20241,996 942,776 $2,500 $1,257 $6,164 $15,662 $(5,722)$(5,314)$14,547 

See Notes to Consolidated Financial Statements (Unaudited).

51

Consolidated Statements of Cash Flows

Dollars in millionsThree months ended March 31,(Unaudited)20252024OPERATING ACTIVITIESNet income (loss)$405 $219 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:Provision for credit losses118 101 Depreciation, amortization, and accretion, net3 24 Increase in cash surrender value of corporate-owned life insurance(29)(28)Stock-based compensation expense30 26 Deferred income taxes (benefit)30 3 Proceeds from sales of loans held for sale1,725 1,920 Originations of loans held for sale, net of repayments(1,702)(1,742)Net losses (gains) on sales of loans held for sale(30)(28)Net losses (gains) on leased equipment4 (6)Net securities and other investments losses (gains)— 3 Net change in:Trading account assets(13)(29)Accrued income and other assets(189)287 Accrued expense and other liabilities(792)(404)Other operating activities, net300 13 NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES(140)359 INVESTING ACTIVITIESNet decrease (increase) in short-term investments, excluding acquisitions2,155 (2,388)Purchases of securities available for sale(3,970)(1,465)Proceeds from sales of securities available for sale— 637 Proceeds from prepayments and maturities of securities available for sale1,509 515 Proceeds from prepayments and maturities of held-to-maturity securities236 306 Net decrease (increase) in other investments(