Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 270

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 270
---
 loans64 51 Credit cards47 37 Total consumer loans116 91 Total loans charged off526 318 Recoveries:Commercial and industrial58 44 Real estate — commercial mortgage2 2 Real estate — construction— 1 Total commercial real estate loans (a)2 3 Commercial lease financing5 5 Total commercial loans (b)65 52 Real estate — residential mortgage5 4 Home equity loans2 3 Other consumer loans8 8 Credit cards6 7 Total consumer loans21 22 Total recoveries86 74 Net loan charge-offs(440)(244)Provision (credit) for loan and lease losses341 415 Allowance for loan and lease losses at end of year$1,409 $1,508 Liability for credit losses on lending-related commitments at beginning of the year296 225 Provision (credit) for losses on lending-related commitments(6)74 Liability for credit losses on lending-related commitments at end of the year (c)$290 $296 Total allowance for credit losses at end of the year$1,699 $1,804 Net loan charge-offs to average total loans.41 %.21 %Allowance for loan and lease losses to period-end loans1.35 1.34 Allowance for credit losses to period-end loans1.63 1.60 Allowance for loan and lease losses to nonperforming loans185.9 262.7 Allowance for credit losses to nonperforming loans224.1 %314.3 %Discontinued operations — education lending business:Loans charged off$4 $4 Recoveries1 1 Net loan charge-offs$(3)$(3)

(a)See Figure 10 and the accompanying discussion in the “Loans and loans held for sale” section for more information related to our commercial real estate loan portfolio.

(b)See Figure 9 and the accompanying discussion in the “Loans and loans held for sale” section for more information related to our commercial loan portfolio.

(c)Included in “accrued expense and other liabilities” on the balance sheet.

Nonperforming assets

Figure 33 shows the composition of our nonperforming assets. As shown in Figure 33, nonperforming assets increased $181 million during 2024. See Note 1 (“Summary of Significant Accounting Policies”) under the headings “Nonperforming