Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 123

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 123
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)Income taxes$(2)$(2)Income (loss) from continuing operations

18. Shareholders' Equity Comprehensive Capital PlanOn March 13, 2025, Key announced that its Board of Directors has authorized a share repurchase program pursuant to which we may purchase up to $1.0 billion of KeyCorp Common Shares, in the open market or in privately negotiated transactions.During the first quarter of 2025, Key did not complete any open market share repurchases. We repurchased $35 million of shares related to equity compensation programs in the first quarter of 2025. Consistent with our capital plan, the Board declared a quarterly dividend of $.205 per Common Share for the first quarter of 2025. Preferred StockThe following table summarizes our preferred stock at March 31, 2025.Preferred stock seriesAmount outstanding (in millions)Book value (net of capital surplus)Shares authorized and outstandingPar valueLiquidation preferenceOwnership interest per depositary shareLiquidation preference per depositary shareFirst quarter 2025 dividends paid per depositary share5.000% Fixed-to-Floating Rate Perpetual Noncumulative Series D$525 $519 21,000 $1 $25,000 1/25th$1,000 $12.50 6.125% Fixed-to-Floating Rate Perpetual Noncumulative Series E500 490 500,000 1 1,000 1/40th25 .382813 5.650% Fixed Rate Perpetual Noncumulative Series F425 412 425,000 1 1,000 1/40th25 .353125 5.625% Fixed Rate Perpetual Non-Cumulative Series G450 435 450,000 1 1,000 1/40th25 .351563 6.200% Fixed Rate Reset Perpetual Non-Cumulative Series H600 590 600,000 1 1,000 1/40th25 .387500 

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19. Business Segment Reporting The following is a description of the segments and their primary businesses at March 31, 2025.Consumer BankThe Consumer Bank serves individuals and small businesses throughout our 15-state branch footprint as well as healthcare professionals nationally through our Laurel Road digital brand by offering a variety of deposit and investment products, personal finance and financial wellness services, lending, mortgage and home equity, student loan refinancing, credit