Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 239

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 239
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 43 2,005 Pennsylvania445 517 379 63 1,404 Florida782 42 416 14 1,254 Utah851 252 64 18 1,185 Connecticut765 255 113 29 1,162 Other3,522 1,155 2,934 162 7,773 Total$20,958 $7,139 $5,916 $1,002 $35,015 

67

Loan sales

As shown in Figure 12, during 2024, we sold $8.2 billion of our loans. Sales of loans classified as held for sale generated net gains of $120 million during 2024.

Figure 12 summarizes our loan sales during 2024 and 2023.

Figure 12. Loans Sold (Including Loans Held for Sale)

Dollars in millionsCommercialCommercialReal EstateCommercialLeaseFinancingResidentialReal EstateTotal2024Fourth quarter$150 $2,584 $— $342 $3,076 Third quarter60 1,406 90 393 1,949 Second quarter56 860 61 312 1,289 First quarter86 1,554 85 209 1,934 Total$352 $6,404 $236 $1,256 $8,248 2023Fourth quarter$34 $1,735 $21 $340 $2,130 Third quarter85 2,861 49 345 3,340 Second quarter118 1,431 28 283 1,860 First quarter125 1,121 164 135 1,545 Total$362 $7,148 $262 $1,103 $8,875 

Figure 13 shows loans that are either administered or serviced by us but not recorded on the balance sheet; this includes loans that were sold.

Figure 13. Loans Administered or Serviced

December 31,Dollars in millions202420232022Commercial real estate loans$557,633 $499,449 $488,478 Residential mortgage11,344 11,193 11,026 Education loans 189 248 312 Commercial lease financing1,735 1,946 1,646 Commercial loans603 667 723 Consumer direct328 408