Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 209

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 209
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 gross write-offs$1 $7 $18 $12 $7 $8 $63 $— $116 (a)Accrued interest of $135 million and $134 million as of March 31, 2025, and December 31, 2024, respectively, presented in “Accrued income and other assets” on the Consolidated Balance Sheets, was excluded from the amortized cost basis disclosed in this table.(b)Gross write-off information is presented on a year-to-date basis for the three months ended March 31, 2025 and the twelve months ended December 31, 2024.Nonperforming and Past Due LoansOur policies for determining past due loans, placing loans on nonaccrual, applying payments on nonaccrual loans, and resuming accrual of interest for our commercial and consumer loan portfolios are disclosed in Note 1 (“Summary of Significant Accounting Policies”) under the heading “Nonperforming Loans” beginning on page 111 of our 2024 Form 10-K.

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The following aging analysis of past due and current loans as of March 31, 2025, and December 31, 2024, provides further information regarding Key’s credit exposure.Aging Analysis of Loan Portfolio(a)As of March 31, 2025Current (b)(c)30-59Days PastDue (b)60-89Days PastDue (b)90 andGreaterDays PastDue (b)Non-performingLoans Total PastDue andNon-performingLoans (b)TotalLoans (d)Dollars in millionsLOAN TYPECommercial and industrial$53,917 $89 $29 $55 $288 $461 $54,378 Commercial real estate:Commercial mortgage12,943 37 48 5 206 296 13,239 Construction2,926 — — 3 — 3 2,929 Total commercial real estate loans15,869 37 48 8 206 299 16,168 Commercial lease financing2,572 3 1 — — 4 2,576 Total commercial loans$72,358 $129 $78 $63 $494 $764 $73,122 Real estate — residential mortgage$19,513 $10 $5 $— $94 $109 $19,