Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 223

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 223
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ing Guidance Adopted in 2025 StandardDate of AdoptionDescriptionEffect on Financial Statements or Other Significant MattersASU 2023-09 IncomeTaxes (Topic 740)Annual periods beginningJanuary 1, 2025Early adoption ispermitted.This guidance requires certain annual tax disclosures related to rate reconciliation and income taxes paid.The guidance should be applied on a prospective or retrospective basis.The guidance is not expected to have a material impact and will be incorporated into Key’s annual tax disclosures within the Form 10-K. Key is electing to use a retrospective basis.

2. Earnings Per Common ShareBasic earnings per share is the amount of earnings (losses), adjusted for dividends declared on our preferred stock, available to each Common Share outstanding during the reporting periods. Diluted earnings per share is the amount of earnings (losses) available to each Common Share outstanding during the reporting periods adjusted to include the effects of potentially dilutive Common Shares. Potentially dilutive Common Shares include stock options and other stock-based awards. Potentially dilutive Common Shares are excluded from the computation of diluted earnings per share in the periods where the effect would be antidilutive. 

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Table of contents

Our basic and diluted earnings per Common Share are calculated as follows: Three months ended September 30,Nine months ended September 30,Dollars in millions, except per share amounts2025202420252024EARNINGSIncome (loss) from continuing operations$490 $(411)$1,319 $81 Less: Dividends on Preferred Stock36 36 108 108 Income (loss) from continuing operations attributable to Key common shareholders454 (447)1,211 (27)Income (loss) from discontinued operations, net of taxes(1)1 — 2 Net income (loss) attributable to Key common shareholders$453 $(446)$1,211 $(25)WEIGHTED-AVERAGE COMMON SHARESWeighted-average Common Shares outstanding (000)1,100,830 948,979 1,099,520 936,962 Effect of Common Share options and other stock awards(a)9,845 — 8,864 — Weighted-average Common Shares and potential Common Shares outstanding (000)(b)1,110,675 948,979 1,108,384 936,962 EARNINGS PER COMMON SHAREIncome (loss) from continuing operations attributable to Key common shareholders$.41 $(.