Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 146

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 146
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$185,499 $187,168 

(a)Total loans held for sale include real estate — residential mortgage loans held for sale at fair value of $82 million at June 30, 2025, and $93 million at December 31, 2024.

See Notes to Consolidated Financial Statements (Unaudited).

49

Table of contents

Consolidated Statements of Income

Dollars in millions, except per share amountsThree months ended June 30,Six months ended June 30,(Unaudited)2025202420252024INTEREST INCOMELoans$1,443 $1,524 $2,844 $3,062 Loans held for sale11 8 25 22 Securities available for sale411 259 803 491 Held-to-maturity securities61 73 124 148 Trading account assets16 16 33 30 Short-term investments157 192 331 334 Other investments8 16 17 33 Total interest income2,107 2,088 4,177 4,120 INTEREST EXPENSEDeposits730 817 1,483 1,599 Federal funds purchased and securities sold under repurchase agreements4 1 5 2 Bank notes and other short-term borrowings34 51 61 97 Long-term debt198 332 391 660 Total interest expense966 1,201 1,940 2,358 NET INTEREST INCOME1,141 887 2,237 1,762 Provision for credit losses138 100 256 201 Net interest income after provision for credit losses1,003 787 1,981 1,561 NONINTEREST INCOMETrust and investment services income146 139 285 275 Investment banking and debt placement fees178 126 353 296 Cards and payments income85 85 167 162 Service charges on deposit accounts73 66 142 129 Corporate services income76 68 141 137 Commercial mortgage servicing fees70 61 146 117 Corporate-owned life insurance income32 34 65 66 Consumer mortgage income15 16 28 30 Operating lease income and other leasing gains14 21 23 45 Other income1 21 8 30 Net securities gains (losses)— (10)— (