Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 64

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 64
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 frequently used by investors to evaluate a company,

they have limitations as analytical tools, and should not be considered in isolation, nor as a substitute for analyses

of results as reported under GAAP.

The tangible common equity ratio and the return on tangible common equity ratio have been a focus for some investors, and management believes that these ratios may assist investors in analyzing Key’s capital position without regard to the effects of intangible assets and preferred stock. Since analysts and banking regulators may assess our capital adequacy using tangible common equity, we believe it is useful to enable investors to assess our capital adequacy on these same bases.

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 Three months endedSix months endedDollars in millions6/30/20253/31/202512/31/20249/30/20246/30/20246/30/20256/30/2024Tangible common equity to tangible assets at period-endKey shareholders’ equity (GAAP)$19,484 $19,003 $18,176 $16,852 $14,789 Less:Intangible assets2,770 2,774 2,779 2,786 2,793 Preferred Stock (a)2,446 2,446 2,446 2,446 2,446 Tangible common equity (non-GAAP)$14,268 $13,783 $12,951 $11,620 $9,550 Total assets (GAAP)$185,499 $188,691 $187,168 $189,763 $187,450 Less:Intangible assets2,770 2,774 2,779 2,786 2,793 Tangible assets (non-GAAP)$182,729 $185,917 $184,389 $186,977 $184,657 Tangible common equity to tangible assets ratio (non-GAAP)7.8 %7.4 %7.0 %6.2 %5.2 %Average tangible common equityAverage Key shareholders’ equity (GAAP)$19,268 $18,632 $16,732 $15,759 $14,474 $18,952 $14,561 Less:Intangible assets (average)2,772 2,777 2,783 2,789 2,796 2,774 2,798 Preferred Stock (average)2,500