Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 155

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 155
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6,023 6,358 Total residential loans25,353 26,244 Other consumer loans4,881 5,167 Credit cards933 958 Total consumer loans31,167 32,369 Total loans (d)$106,389 $104,260 (a)Accrued interest of $465 million and $456 million at June 30, 2025, and December 31, 2024, respectively, presented in "Accrued income and other assets" on the Consolidated Balance Sheets is excluded from the amortized cost basis disclosed in this table.(b)Loan balances include $220 million and $212 million of commercial credit card balances at June 30, 2025, and December 31, 2024, respectively.(c)Commercial and industrial includes receivables held as collateral for a secured borrowing of $211 million at December 31, 2024. Commercial lease financing includes receivables of $2 million and $3 million held as collateral for a secured borrowing at June 30, 2025, and December 31, 2024, respectively. Principal reductions are based on the cash payments received from these related receivables. Additional information pertaining to these secured borrowings is included in Note 20 (“Long-Term Debt”) beginning on page 170 of our 2024 Form 10-K.

(d)Total loans exclude loans of $230 million at June 30, 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 Quality ALLLWe 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 June 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: 

55

Three months ended June 30, 2025:Dollars in millionsMarch 31, 2025ProvisionCharge-offsRecoveriesJune 30, 2025Commercial and Industrial $669 $84 $(94)$19 $678