Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 128

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 128
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Table of contents

Item 1. Financial Statements

Consolidated Balance Sheets

Dollars in millions, except per share dataMarch 31,2025December 31,2024 (Unaudited) ASSETSCash and due from banks$1,909 $1,743 Short-term investments15,349 17,504 Trading account assets1,296 1,283 Securities available for sale40,751 37,707 Held-to-maturity securities (fair value: $6,730 and $6,837)7,160 7,395 Other investments1,050 1,041 Loans, net of unearned income of $298 and $311104,809 104,260 Less: Allowance for loan and lease losses(1,429)(1,409)Net loans103,380 102,851 Loans held for sale (a)811 797 Premises and equipment602 614 Goodwill2,752 2,752 Other intangible assets22 27 Corporate-owned life insurance4,404 4,394 Accrued income and other assets8,958 8,797 Discontinued assets247 263 Total assets$188,691 $187,168 LIABILITIESDeposits in domestic offices:Interest-bearing deposits$122,283 $120,132 Noninterest-bearing deposits28,454 29,628 Total deposits150,737 149,760 Federal funds purchased and securities sold under repurchase agreements22 14 Bank notes and other short-term borrowings2,328 2,130 Accrued expense and other liabilities4,209 4,983 Long-term debt12,392 12,105 Total liabilities169,688 168,992 EQUITYPreferred stock2,500 2,500 Common Shares, $1 par value; authorized 2,100,000,000 shares; issued 1,256,702,081 shares1,257 1,257 Capital surplus5,946 6,038 Retained earnings14,724 14,584 Treasury stock, at cost (144,716,525 and 149,915,630 shares)(2,637)(2,733)Accumulated other comprehensive income (loss)(2,787)(3,470)Total equity19,003 18,176 Total liabilities and equity