Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 13

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 13
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2.4 billion, reflective of broad-based declines across consumer loan categories.

Average deposits totaled $150.4 billion for the third quarter of 2025, an increase of $2.6 billion compared to the year-ago quarter, reflecting growth in consumer deposits.

Figure 3 shows the various components of our balance sheet that affect interest income and expense and their respective yields or rates for the current period and comparative year ago period. This figure also presents a reconciliation of TE net interest income to net interest income reported in accordance with GAAP for each of those quarters. The net interest margin, which is an indicator of the profitability of the earning assets portfolio less the cost of funding, is calculated by dividing annualized TE net interest income by average earning assets.

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Figure 3. Consolidated Average Balance Sheets, Net Interest Income, and Yields/Rates and Components of Net Interest Income Changes from Continuing Operations(g)

 Three months ended September 30, 2025Three months ended September 30, 2024Change in Net interest income due toDollars in millionsAverageBalanceInterest (a)Yield/Rate (a)AverageBalanceInterest (a)Yield/Rate (a)VolumeYield/RateTotalASSETSLoans (b), (c)Commercial and industrial (d)$56,571 $858 6.02 %$53,121 $847 6.34 %$53 $(42)$11 Real estate — commercial mortgage13,697 208 6.02 13,864 225 6.46 (3)(14)(17)Real estate — construction2,744 48 6.96 3,077 59 7.65 (6)(5)(11)Commercial lease financing2,385 22 3.62 2,988 26 3.46 (5)1 (4)Total commercial loans75,397 1,136 5.98 73,050 1,157 6.30 39 (60)(21)Real estate — residential mortgage19,140 160 3.34 20,215 167 3.30 (9)2 (7)Home equity loans5,934 84 5.65 6,634 100 5.98 (10)(6)(16)Other consumer loans4,825 63 5.17 5,426 69