Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 15

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 15
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 2.43 119,303 887 2.96 12 (151)(139)Federal funds purchased and securities sold under repurchase agreements368 4 4.32 98 1 4.48 3 — 3 Bank notes and other short-term borrowings1,372 14 3.91 3,172 43 5.44 (20)(9)(29)Long-term debt (f)11,071 181 6.53 16,422 292 7.09 (89)(22)(111)Total interest-bearing liabilities135,078 947 2.78 138,995 1,223 3.50 (94)(182)(276)Noninterest-bearing deposits28,107 28,468 Accrued expense and other liabilities4,289 4,387 Discontinued liabilities (f)227 284 Total liabilities167,701 172,134 EQUITYKey shareholders’ equity19,664 15,759 Total liabilities and equity$187,365 $187,893 Interest rate spread (TE)2.14 %1.43 %Net interest income (TE) and net interest margin (TE)$1,193 2.75 %$964 2.17 %$75 $154 229 TE adjustment (b)9 12 Net interest income, GAAP basis$1,184 $952 

(a)Results are from continuing operations. Interest excludes the interest associated with the liabilities referred to in (f) below, calculated using a matched funds transfer pricing methodology.

(b)Interest income on tax-exempt securities and loans has been adjusted to a taxable-equivalent basis using the statutory federal income tax rate of 21% for the three months ended September 30, 2025, and September 30, 2024.

(c)For purposes of these computations, nonaccrual loans are included in average loan balances.

(d)Commercial and industrial average balances include $214 million and $215 million of assets from commercial credit cards for the three months ended September 30, 2025, and September 30, 2024, respectively.

(e)Yield presented is calculated on the basis of amortized cost excluding fair value hedge basis adjustments. The average amortized cost for securities available for sale was $43.1 billion and $41.6 billion for the three months ended September