Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 41

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 41
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500 Common Shares, $1 par value; authorized 2,100,000,000 shares; issued 1,256,702,081 shares at December 31, 2024 and 20231,257 1,257 Capital surplus6,038 6,281 Retained earnings14,584 15,672 Treasury stock, at cost (149,915,630 and 320,138,094 shares)(2,733)(5,844)Accumulated other comprehensive income (loss)(3,470)(5,229)Total equity18,176 14,637 Total liabilities and equity$187,168 $188,281 

(a)Total loans held for sale include Real estate — residential mortgage loans held for sale at fair value of $93 million at December 31, 2024, and $51 million at December 31, 2023.

See Notes to Consolidated Financial Statements

105

Consolidated Statements of Income

Year ended December 31,   Dollars in millions, except per share amounts202420232022INTEREST INCOMELoans$6,026 $6,219 $4,241 Loans held for sale60 61 56 Securities available for sale1,142 793 752 Held-to-maturity securities284 312 213 Trading account assets61 55 31 Short-term investments792 414 97 Other investments62 73 22 Total interest income8,427 7,927 5,412 INTEREST EXPENSEDeposits3,307 2,322 279 Federal funds purchased and securities sold under repurchase agreements4 79 41 Bank notes and other short-term borrowings164 308 90 Long-term debt1,187 1,305 475 Total interest expense4,662 4,014 885 NET INTEREST INCOME3,765 3,913 4,527 Provision for credit losses335 489 502 Net interest income after provision for credit losses3,430 3,424 4,025 NONINTEREST INCOMETrust and investment services income557 516 526 Investment banking and debt placement fees688 542 638 Cards and payments income331 340 341 Service charges on deposit accounts261 270 350 Corporate services income275 302 372 Commercial mortgage servicing fees258