Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 254

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 254
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 applying the methodologies that we use to allocate items among our lines of business is a dynamic process. Accordingly, financial results may be revised periodically to reflect enhanced alignment of expense base allocation drivers, changes in the risk profile of a particular business, or changes in our organizational structure.The table below shows selected financial data for our business segments for the three-month periods ended March 31, 2025, and March 31, 2024. Capital is assigned to each business segment based on a combination of regulatory and economic equity. 

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Three months ended March 31,Consumer BankCommercial BankOtherTotal KeyDollars in millions20252024202520242025202420252024SUMMARY OF OPERATIONSNet interest income (TE)$648 $532 $534 $397 $(77)$(43)$1,105 $886 Noninterest income226 225 408 401 34 21 668 647 Total revenue (TE) (a)874 757 942 798 (43)(22)1,773 1,533 Provision for credit losses43 (2)75 102 — 1 118 101 Personnel expense219 210 187 160 274 304 680 674 Other direct noninterest expense141 161 77 95 233 210 451 466 Support and overhead316 333 198 187 (514)(517)— 3 Income (loss) from continuing operations before income taxes (TE)155 55 405 254 (36)(20)524 289 Allocated income taxes and TE adjustments37 14 84 49 (3)7 118 70 Income (loss) from continuing operations118 41 321 205 (33)(27)406 219 Income (loss) from discontinued operations, net of taxes— — — — (1)— (1)— Net income (loss)$118 $41 $321 $205 $(34)$(27)$405 $219 AVERAGE BALANCES (b)Loans and leases$36,819 $39,919 $67,056 $70,633 $479 $482 $104,354 $111,034 Total assets (a)39,806 42,710 76,707 80,000 69,577 63,158