Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 68

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 68
---
ated Balance Sheets and is excluded from the amortized cost basis disclosed in this table.(b)Loan balances include $212 million and $207 million of commercial credit card balances at December 31, 2024, and December 31, 2023, respectively.(c)Commercial lease financing includes receivables of $3 million and $7 million held as collateral for secured borrowings at December 31, 2024, and December 31, 2023, respectively. Principal reductions are based on the cash payments received from these related receivables. Additional information pertaining to this secured borrowing is included in Note 20 (“Long-Term Debt”).(d)Total loans exclude loans of $257 million at December 31, 2024, and $339 million at December 31, 2023, related to the discontinued operations of the education lending business.

123

5. Asset Quality ALLLWe estimate the appropriate level of the ALLL on at least a quarterly basis. The methodology is described in Note 1 ("Basis of Presentation and Accounting Policies") under the heading "Allowance for Loan and Lease Losses" of this report.The ALLL at December 31, 2024, 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:Twelve Months Ended December 31, 2024:Dollars in millionsDecember 31, 2023ProvisionCharge-offsRecoveriesDecember 31, 2024Commercial and Industrial $556 $388 $(363)$58 $639 Commercial real estate:Real estate — commercial mortgage419 (61)(40)2 320 Real estate — construction52 (1)— — 51 Total commercial real estate loans471 (62)(40)2 371 Commercial lease financing33 (4)(7)5 27 Total commercial loans1,060 322 (410)65 1,037 Real estate — residential mortgage162 (74)(3)5 90 Home equity loans86 (16)(2)2 70 Other consumer loans122 70 (64)8 136 Credit cards78 39 (47)6 76 Total consumer loans448 19 (116)21 372 Total ALLL — continuing operations1,508 341 (a)(526)86 1,409 Discontinued operations