Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 145

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 145
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Table of contents

Item 1. Financial Statements

Consolidated Balance Sheets

Dollars in millions, except per share dataJune 30,2025December 31,2024 (Unaudited) ASSETSCash and due from banks$1,766 $1,743 Short-term investments11,564 17,504 Trading account assets1,374 1,283 Securities available for sale40,669 37,707 Held-to-maturity securities (fair value: $6,519 and $6,837)6,914 7,395 Other investments1,058 1,041 Loans, net of unearned income of $291 and $311106,389 104,260 Less: Allowance for loan and lease losses(1,446)(1,409)Net loans104,943 102,851 Loans held for sale (a)530 797 Premises and equipment599 614 Goodwill2,752 2,752 Other intangible assets18 27 Corporate-owned life insurance4,423 4,394 Accrued income and other assets8,654 8,797 Discontinued assets235 263 Total assets$185,499 $187,168 LIABILITIESDeposits in domestic offices:Interest-bearing deposits$119,230 $120,132 Noninterest-bearing deposits27,675 29,628 Total deposits146,905 149,760 Federal funds purchased and securities sold under repurchase agreements20 14 Bank notes and other short-term borrowings2,754 2,130 Accrued expense and other liabilities4,273 4,983 Long-term debt12,063 12,105 Total liabilities166,015 168,992 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 surplus5,971 6,038 Retained earnings14,886 14,584 Treasury stock, at cost (144,249,472 and 149,915,630 shares)(2,629)(2,733)Accumulated other comprehensive income (loss)(2,501)(3,470)Total equity19,484 18,176 Total liabilities and equity