Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 62

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 62
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000 shares; issued 1,256,702,081 shares1,257 1,257 Capital surplus5,946 6,038 Retained earnings14,724 14,584 Treasury stock, at cost (144,716,525 and 149,915,630 shares)(2,637)(2,733)Accumulated other comprehensive income (loss)(2,787)(3,470)Total equity19,003 18,176 Total liabilities and equity$188,691 $187,168 

(a)Total loans held for sale include real estate — residential mortgage loans held for sale at fair value of $86 million at March 31, 2025, and $93 million at December 31, 2024.

See Notes to Consolidated Financial Statements (Unaudited).

48

Consolidated Statements of Income

Dollars in millions, except per share amountsThree months ended March 31,(Unaudited)20252024INTEREST INCOMELoans$1,401 $1,538 Loans held for sale14 14 Securities available for sale392 232 Held-to-maturity securities63 75 Trading account assets17 14 Short-term investments174 142 Other investments9 17 Total interest income2,070 2,032 INTEREST EXPENSEDeposits753 782 Federal funds purchased and securities sold under repurchase agreements1 1 Bank notes and other short-term borrowings27 46 Long-term debt193 328 Total interest expense974 1,157 NET INTEREST INCOME1,096 875 Provision for credit losses118 101 Net interest income after provision for credit losses978 774 NONINTEREST INCOMETrust and investment services income139 136 Investment banking and debt placement fees175 170 Cards and payments income82 77 Service charges on deposit accounts69 63 Corporate services income65 69 Commercial mortgage servicing fees76 56 Corporate-owned life insurance income33 32 Consumer mortgage income13 14 Operating lease income and other leasing gains9 24 Other income7 9 Net securities gains (losses)— (3)Total noninterest income668 647 NONINTEREST EXPENSEPersonnel680 674 Net occupancy67 67 Computer processing107 102 Business services and professional fees40 41 Equipment20 20 Operating