Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 154

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 154
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 2025, and $257 million at December 31, 2024, related to the discontinued operations of the education lending business. These amounts are included within “Discontinued assets” on the Consolidated Balance Sheet. 

4. Asset QualityALLLWe estimate the appropriate level of the ALLL on at least a quarterly basis. The methodology is described in Note 1 ("Summary of Significant Accounting Policies") under the heading "Allowance for Loan and Lease Losses" beginning on page 112 of our 2024 Form 10-K. The ALLL at September 30, 2025, represents our current estimate of lifetime credit losses inherent in the loan portfolio at that date. The changes in the ALLL by loan category for the periods indicated are as follows: 

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Three months ended September 30, 2025:Dollars in millionsJune 30, 2025ProvisionCharge-offsRecoveriesSeptember 30, 2025Commercial and Industrial $678 $119 $(87)$21 $731 Commercial real estate:Real estate — commercial mortgage319 (15)(27)— 277 Real estate — construction57 (7)— — 50 Total commercial real estate loans376 (22)(27)— 327 Commercial lease financing32 (7)— — 25 Total commercial loans1,086 90 (114)21 1,083 Real estate — residential mortgage68 (1)— 1 68 Home equity loans69 (1)— — 68 Other consumer loans141 15 (15)2 143 Credit cards82 9 (11)2 82 Total consumer loans360 22 (26)5 361 Total ALLL — continuing operations1,446 112 (a)(140)26 1,444 Discontinued operations12 — (1)1 12 Total ALLL — including discontinued operations$1,458 $112 $(141)$27 $1,456 (a)Excludes a credit related to reserves on lending-related commitments of $5 million.Three months ended September 30, 2024:Dollars in millionsJune 30, 2024ProvisionCharge-offsRecoveriesSeptember 30, 2024Commercial and Industrial $682 $101 $(131)$7 $659 Commercial real estate:Real estate — commercial mortgage383 (19)(7)1 358