Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 15

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 15
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31)Savings deposits4,631 1 0.06 5,189 2 0.19 — (1)(1)Time deposits15,601 144 3.70 16,019 185 4.64 (5)(36)(41)Total interest-bearing deposits119,973 730 2.44 115,201 817 2.85 33 (120)(87)Federal funds purchased and securities sold under repurchase agreements415 4 4.28 124 1 4.76 3 — 3 Bank notes and other short-term borrowings3,288 34 4.27 3,617 51 5.57 (4)(13)(17)Long-term debt (f)12,088 198 6.55 19,219 332 6.91 (118)(16)(134)Total interest-bearing liabilities135,764 966 2.86 138,161 1,201 3.49 (86)(149)(235)Noninterest-bearing deposits27,473 28,979 Accrued expense and other liabilities4,295 4,969 Discontinued liabilities (f)239 305 Total liabilities167,771 172,414 EQUITYKey shareholders’ equity19,268 14,474 Total liabilities and equity$187,039 $186,888 Interest rate spread (TE)2.04 %1.28 %Net interest income (TE) and net interest margin (TE)$1,150 2.66 %$899 2.04 %$69 $182 251 TE adjustment (b)9 12 Net interest income, GAAP basis$1,141 $887 

(a)Results are from continuing operations. Interest excludes the interest associated with the liabilities referred to in (f), calculated using a matched funds transfer pricing methodology.

(b)Interest income on tax-exempt securities and loans has been adjusted to a taxable-equivalent basis using the statutory federal income tax rate of 21% for the three months ended June 30, 2025, and June 30, 2024.

(c)For purposes of these computations, nonaccrual loans are included in average loan balances.

(d)Commercial and industrial average balances include $218 million and $218 million of assets from commercial credit cards for the three months ended June