Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 226

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 226
---
 based on the cash payments received from these related receivables. Additional information pertaining to these secured borrowings is included in Note 20 (“Long-Term Debt”) beginning on page 170 of our 2024 Form 10-K.

(d)Total loans exclude loans of $230 million at June 30, 2025, and $257 million at December 31, 2024, related to the discontinued operations of the education lending business. These amounts are included within “Discontinued assets” on the Consolidated Balance Sheet. 

4. Asset Quality ALLLWe estimate the appropriate level of the ALLL on at least a quarterly basis. The methodology is described in Note 1 ("Summary of Significant Accounting Policies") under the heading "Allowance for Loan and Lease Losses" beginning on page 112 of our 2024 Form 10-K. The ALLL at June 30, 2025, represents our current estimate of lifetime credit losses inherent in the loan portfolio at that date. The changes in the ALLL by loan category for the periods indicated are as follows: 

55

Three months ended June 30, 2025:Dollars in millionsMarch 31, 2025ProvisionCharge-offsRecoveriesJune 30, 2025Commercial and Industrial $669 $84 $(94)$19 $678 Commercial real estate:Real estate — commercial mortgage297 27 (6)1 319 Real estate — construction57 — — — 57 Total commercial real estate loans354 27 (6)1 376 Commercial lease financing34 — (2)— 32 Total commercial loans1,057 111 (102)20 1,086 Real estate — residential mortgage71 (4)— 1 68 Home equity loans75 (7)— 1 69 Other consumer loans143 9 (13)2 141 Credit cards83 10 (12)1 82 Total consumer loans372 8 (25)5 360 Total ALLL — continuing operations1,429 119 (a)(127)25 1,446 Discontinued operations13 — (1)— 12 Total ALLL — including discontinued operations$1,442 $119 $(128)$25 $1,458 (a)Excludes a provision related to reserves on lending-related commitments of $19 million.Three months ended June 30,