Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 143

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 143
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Table of contents

Item 1. Financial Statements

Consolidated Balance Sheets

Dollars in millions, except per share dataSeptember 30,2025December 31,2024 (Unaudited) ASSETSCash and due from banks$1,938 $1,743 Short-term investments13,334 17,504 Trading account assets972 1,283 Securities available for sale40,456 37,707 Held-to-maturity securities (fair value: $7,164 and $6,837)7,509 7,395 Other investments921 1,041 Loans, net of unearned income of $292 and $311105,902 104,260 Less: Allowance for loan and lease losses(1,444)(1,409)Net loans104,458 102,851 Loans held for sale (a)998 797 Premises and equipment606 614 Goodwill2,752 2,752 Other intangible assets13 27 Corporate-owned life insurance4,428 4,394 Accrued income and other assets8,803 8,797 Discontinued assets221 263 Total assets$187,409 $187,168 LIABILITIESDeposits in domestic offices:Interest-bearing deposits$122,425 $120,132 Noninterest-bearing deposits28,340 29,628 Total deposits150,765 149,760 Federal funds purchased and securities sold under repurchase agreements10 14 Bank notes and other short-term borrowings1,339 2,130 Accrued expense and other liabilities4,276 4,983 Long-term debt10,917 12,105 Total liabilities167,307 168,992 EQUITYPreferred stock2,500 2,500 Common Shares, $1 par value; authorized 2,100,000,000 shares; issued 1,256,702,081 shares1,257 1,257 Capital surplus6,002 6,038 Retained earnings15,111 14,584 Treasury stock, at cost (143,749,779 and 149,915,630 shares)(2,619)(2,733)Accumulated other comprehensive income (loss)(2,149)(3,470)Total equity20,102 18,176 Total liabilities and equity$187,409