Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 59

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 59
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,470 $9,178 $9,347 Return on average tangible common equity from continuing operationsNet income (loss) from continuing operations attributable to Key common shareholders (GAAP)$370 $(279)$(447)$237 $183 Average tangible common equity (non-GAAP)13,355 11,449 10,470 9,178 9,347 Return on average tangible common equity from continuing operations (non-GAAP)11.2 %(9.7)%(17.0)%10.4 %7.9 %Return on average tangible common equity consolidatedNet income (loss) attributable to Key common shareholders (GAAP)$369 $(279)$(446)$238 $183 Average tangible common equity (non-GAAP)13,355 11,449 10,470 9,178 9,347 Return on average tangible common equity consolidated (non-GAAP)11.2 %(9.7)%(16.9)%10.4 %7.9 %Pre-provision net revenueNet interest income (GAAP)$1,096 $1,051 $952 $887 $875 Plus:Taxable-equivalent adjustment9 10 12 12 11 Noninterest income668 (196)(269)627 647 Less:Noninterest expense1,131 1,229 1,094 1,079 1,143 Pre-provision net revenue from continuing operations (non-GAAP)$642 $(364)$(399)$447 $390 

(a)Net of capital surplus.

Adjusted noninterest expense and adjusted noninterest income are non-GAAP measures in that they are adjusted to exclude the impact of significant or unusual items. Management believes adjusting for significant or unusual items provide investors with useful information to gain a better understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of the financial impacts related to those selected items.

 Three months endedDollars in millions3/31/202512/31/20249/30/20246/30/20243/31/2024Adjusted noninterest expenseNoninterest expense (GAAP)$1,131 $1,229 $1,094 $1,079 $1,143 Adjustments:FDIC special assessment (other expense)— 3 6 (5)(29)Adjusted noninterest expense (non-G