Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 173

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 173
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LOAN TYPECommercial and Industrial$132 $18 $3 $153 Commercial real estateCommercial mortgage189 — 31 220 Construction27 — — 27 Total commercial real estate loans348 18 34 400 Commercial lease financing— — — — Total commercial loans$348 $18 $34 $400 Real estate — residential mortgage$9 $3 $— $12 Home equity loans9 1 1 11 Other consumer loans3 — — 3 Credit cards4 — — 4 Total consumer loans$25 $4 $1 $30 Total loans$373 $22 $35 $430 Liability for Credit Losses on Lending-related CommitmentsThe liability for credit losses on lending-related commitments is included in “accrued expense and other liabilities” on the balance sheet. This includes credit risk for recourse associated with loans sold under the Fannie Mae Delegated Underwriting and Servicing program and credit losses inherent in unfunded lending-related commitments, such as letters of credit and unfunded loan commitments, and certain financial guarantees. Changes in the liability for credit losses on lending-related commitments are summarized as follows: Three months ended September 30,Nine months ended September 30,Dollars in millions2025202420252024Balance at beginning of period$297 $286 $290 $296 Provision (credit) for losses on lending-related commitments(5)(6)2 (16)Balance at end of period$292 $280 $292 $280 

5. Fair Value MeasurementsIn accordance with GAAP, Key measures certain assets and liabilities at fair value. Fair value is defined as the price to sell an asset or transfer a liability in an orderly transaction between market participants in the principal market of the asset or liability. Additional information regarding our accounting policies for determining fair value is provided in Note 6 (“Fair Value Measurements”) and Note 1 (“Summary of Significant Accounting Policies”) under the heading “Fair Value Measurements” of our 2024 Form 10-K. 

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Assets and Liabilities Measured at Fair Value on a Recurring BasisCertain assets and liabilities are measured at fair value on a recurring basis in accordance with GAAP. For more information on the valuation techniques used to measure classes of assets and liabilities reported at fair value on a recurring basis as well as the classification of each